The real-estate market in Hyderabad is back on track to recovery and is currently one of the fastest rising markets across the country especially considering other metropolitan areas. There have been numerous new projects, launches & new properties up for sale in and around Hyderabad since the beginning of 2021. The number of upcoming projects is continuously on the rise due to anticipation of the increase in demand from buyers & customers. In order to boost sales, make exploration easy & to generate interest from buyers, Telangana Real Estate Developers Association had organized a TREDA Property Show from October 1st to October 3rd.
As part of the TREDA Property Show, TREDA had brought a collective of 100+ developers, contractors & builders from across the state under one roof at the HITEX Exhibition Centre. More than 10 banks & financial institutions who provide housing finance solutions were also part of the exhibition that occurred over the weekend. The 3-day event was organized to offer buyers & customers more than 500 property options across all price points for property of all kinds.
Developers & builders present at the exhibition had plenty of variety to please customers of diverse requirements. Residential houses – independent houses, villas, flats/apartments were available for all budget options. Open plots, farmlands & farmlands with villas/farmhouses were also up for grabs. Gated community projects especially gained a lot of interest from buyers, especially those located in prime areas or in upcoming real-estate hotspots. Projects with farmlands or open plots for sale located around on the outer limits of Hyderabad have also garnered a lot of interest from investors looking to buy property for a secure future investment. This kind of variety & convenience of multiple options for a given price point means the customer gets what they are looking for while the sales in the market rise steadily.
Also present at the expo were numerous public & private sector financial institutions like the State Bank of India, HDFC Bank, ICICI Bank, Canara Bank, IIFL Home Finance etc. to provide a multitude of financing options & offers to interested buyers. These financial institutions had put up a plethora of home loan offers, EMI options with low interest rates to help customers plan out their expenditure and obtain their desired property. The TREDA Property Show was inaugurated by Tollywood actor, producer & writer Naga Shaurya with top dignitaries of TREDA & real-estate bigwigs present to grace the occasion.
TREDA President R. Chalapathi Rao took the opportunity to address the gathering & highlight a few points as to why Hyderabad is witnessing such a strong real-estate performance post pandemic. Reasonable, dynamic land prices, all-round development & expansion of city and more citizens committing to buy property are the key factors driving Hyderabad’s real-estate growth, the President of TREDA remarked. “The gradual resumption of economic activity and increasing availability of the vaccine sparked a real estate boom across the State in the recent past and this momentum is expected to continue in the near future. The State government’s industry friendly reforms and policies acted as a driving force to Hyderabad, putting it among the best performing markets in India.” He further added, “From the investment and talent perspective, Hyderabad scores high among the corporate world, thus becoming the most preferred destination for multinational companies to set up operations in the country.”