Latest news with #CredaiHyderabadPropertyShow
Hans India
a day ago
- Business
- Hans India
CM Revanth Reddy bets big on infra play
Hyderabad: Telangana Chief Minister A. Revanth Reddy has announced an ambitious development plan aimed at transforming the state's urban, semi-urban, and rural landscapes through massive infrastructure projects, strategic zoning, and investment-friendly policies. Speaking at the inauguration of the Credai Hyderabad Property Show here at Hitex on Friday, the Chief Minister declared that Hyderabad will stand as one of the state's two primary growth engines, alongside other economic hubs. 'Real estate, construction, and infrastructure are the pillars that will turn Telangana into a truly developed state,' he said, assuring investors of transparent governance, robust legal safeguards, and profitable opportunities. 'Telangana is open for business, and we will protect your investments with robust laws and transparent governance,' he added. Highlighting infrastructure as the key growth driver, the Chief Minister detailed plans for a 300–360-km Regional Ring Road (RRR), complemented by a regional ring rail, industrial corridors, greenfield highways, and port-connectivity projects. He also announced 11 new radial roads linking the RRR to the Outer Ring Road (ORR) and the creation of a dry port on the Hyderabad–Amaravati Greenfield Highway. The government will pursue metro rail expansion — redesigned to ensure wider last-mile coverage — with proposed extensions to Shamirpet and Medchal. Multi-modal transportation systems will be developed to serve high-density population areas, addressing long-standing traffic issues. Revanth Reddy outlined a structured growth model with three zones: Urban Service Sector (within ORR) – Expansion of IT hubs, the financial district, and metro connectivity; Semi-Urban Industrial Growth (between ORR and RRR) – Development of manufacturing zones and industrial parks; Rural Agricultural Modernization (beyond RRR) – Linking rural produce to urban and global markets through transport and water networks. He stressed that real estate is 'not just land—it is sentiment, opportunity, and business potential,' promising development grounded in infrastructure, trust, and policy clarity. Acknowledging financial challenges inherited from the previous government, the CM revealed that the state has already restructured Rs26,000 crore of loans at 7.5 per cent interest for a 35-year tenure. He urged Prime Minister Narendra Modi to extend similar restructuring for Rs2 lakh crore in high-interest loans to help Telangana navigate its debt crisis. Responding to criticism over his frequent visits to New Delhi, Revanth Reddy explained that key approvals — including metro expansion and the Musi river rejuvenation — require central government sanction. 'If the central government is in Delhi, I have no option, but to go there,' he said, noting that he now stays in a designated CM bungalow during these visits to expedite clearances. Citing past leaders' landmark contributions — from Quli Qutb Shah's Charminar to N. Chandrababu Naidu's Hi-Tech City and Y.S. Rajasekhara Reddy's Outer Ring Road — the Chief Minister vowed to create a 'great city' that would be remembered for centuries. 'My name will also be etched in history forever,' he said, pledging energy, youth, and commitment to the state's development.
Hans India
a day ago
- Business
- Hans India
Credai property show takes off
Hyderabad: The 2025 edition of the Credai Hyderabad Property Show, the city's largest real estate exhibition, was inaugurated on Friday at HITEX Exhibition Centre by Telangana Chief Minister Anumala Revanth Reddy. Organised by the Confederation of Real Estate Developers' Associations of India (Credai), the three-day event, themed 'Choice is Yours', brought together over 70 leading developers showcasing more than 300 RERA-approved residential and commercial projects under one roof. The inaugural ceremony was attended by Credai Hyderabad President N Jaideep Reddy, President-Elect B Jagannath Rao, General Secretary K Kranti Kiran Reddy, Convener Kurra Srinath, Co-Convener Aravind Rao Mechineni, Credai National President-Elect G Ram Reddy, Credai Telangana President Indrasena Reddy, and other senior office bearers. This year's show features a wide range of properties — from apartments, villas, and plots to commercial spaces — along with participation from leading banks, financial institutions, and allied industries offering spot deals and innovative financing options. Speaking at the inauguration, N Jaideep Reddy described Hyderabad as a 'Global City on the cusp of rapid growth,' and lauded the Telangana government's infrastructure development, governance reforms, and investment-friendly policies. He suggested further initiatives such as beautifying key entry points, creating Real Estate Development Zones near transport hubs, and developing a comprehensive sports policy with world-class infrastructure. B Jagannath Rao highlighted Hyderabad's consistent lead in national real estate performance, citing Rs1 lakh crore in housing sales in 2024 and continued dominance in 2025. He noted the city's rapid growth in Grade A commercial space and its strong appeal to global investors across IT, pharma, EV, defense, and manufacturing sectors. Addressing sustainability concerns, K Kranti Kiran Reddy stressed the urgent need for water conservation, supporting government initiatives like HYDRAA for water resource preservation and EAGLE for eradicating drug abuse. He reaffirmed Credai's commitment to eco-friendly building practices, rainwater harvesting, and green development. The property show also features cultural programs, live concerts, expert sessions, and food stalls, offering a family-friendly experience alongside home-buying opportunities. Visitors can attend from August 15–17 at HITEX.
