The two-day, Times Property – East Hyderabad Property Expo 2022, was formally inaugurated by Chief Guest Sri Devireddy Sudhir Reddy, MLA, LB Nagar; at Saroornagar Indoor Stadium, LB Nagar; today. The largest residential property expo of its kind being hosted in the city, will be held on Saturday 25th and Sunday 26th June 2022 and is open for visitors from 10 am to 7.30 pm on both the days.
Spread across 26000 sft., the exhibition has 25 top notch property developers like OM Sree Builders, Vasavi Group, Tricolour Properties, TNR Group, Namishree, Indukuri Lifespaces, Maram, APR group, Saket, Modi Builders, Sahasram Developers, Kapil Properties, Planet Green, Hastina Realty, SNR Group, Maruti Rudra Constructions, Pooja Crafted Homes etc.
There continues to be an upsurge in the demand for owning a property in Hyderabad city, while the property markets not just in India but world over are seeing a trend of slump. That’s a strong indicator of the vibrant and flourishing economy of Hyderabad and Telangana state, says Sri D. Sudhir Reddy. Real estate sector is expanding at a rapid speed in Hyderabad, in fact 51% of the country’s real estate sale is happening in Hyderabad and Mumbai alone. KTR’s look East policy is giving impetus to the real estate sector in the Eastern part of the city and enabling a 3600 growth of the Hyderabad city. This policy also reduces traffic congestion in the city and brings parity in the land values across the city. Eastern part of the city has seen good growth due to this policy, earlier the residential property rate was Rs 3000 to 4000 per sft., but now it is around Rs 6000 to 7000 per sft., which means customers see potential in this part of the city and consider it worth spending that much. Construction has many challenges, including cellar construction leading to disturbance in the neighbourhood due to blasting, pollution it causes, besides being time consuming, so podium construction is being suggested, it is beneficial for builders from many angles in terms of cost, less disturbance, pollution etc. We are requesting KTR to allocate land for IT industry and locate few major IT companies in the East to attract others to this part of the city. East has several advantages, there are star hotels here, airport is close by and easily accessible, has good infrastructure, several flyover and underpasses are here and more under construction too, therefore traffic congestion is unknown here. Hyderabad has the best infrastructure, in fact the best in the country, which is giving the needed impetus for growth of the city. If IT industry picks up in Eastern city, there will be no stopping for the region. Builders have their set of challenges too, we should ensure a win win situation for all including customers, builders, suppliers etc. In fact over 20 lakh people in Hyderabad are dependent on the construction industry and all of them are benefitting from it. Request the builders to avail the opportunities in Hyderabad and grow the construction industry manifold while ensuring good product for the customers.
Mr Russell Fernandes, Associate Vice President & National Head, Real Estates, Times Group; said, real estate developers are very resilient and optimistic lot, despite facing tremendous challenges due to Covid during the last two years, including rising costs of inputs, they continue to see the brighter side and are launching newer projects. The cost of real estate is going up and the builders are going through tougher times. The cost of construction has been on the rise due to rise in input costs, the home loans interests rates are also seeing an upward trend, the possible rise in tax component could get added to it. Therefore this is the best time to invest in property before they go beyond our reach. Hyderabad along with Mumbai contributes 51% of the real estate sales in the country. The peripheral areas of all the cities in India, in the case of Hyderabad it is the East zone, are seeing customers opting for larger space, bigger and luxurious homes and East Hyderabad is expected to do only better. This Expo has different options for home buyers from affordable housing to high end luxury homes.
Mr Kamal Krishnan, Head, Times Groups, TS & AP; said, Hyderabad real estate has been seeing tremendous growth, next only to Mumbai and in the upcoming season we should aim to overtake Mumbai too and be the number one in the country. This Expo will give the right visibility and exposure and give an opportunity to home buyers to invest in this part of the city and contribute to the growth of the city and the state.
The second edition of the Expo is showcasing some of the latest and best projects in Hyderabad, offering futuristic amenities across various locations of the rapidly growing city. It offers plethora of options under one roof, to satiate the varied preferences and appealing features to customers. It has flats, homes, open plots of price points to suit different budgets, with luxurious amenities to facilities of comfort; across the geographies of the expanding city.
Reports indicate that the demand for properties has seen extraordinary upsurge in Hyderabad, post pandemic. Most consumers are looking to invest in property as a residence to live or an investment, as property prices are appreciating and offer better returns. Some are opting for a second property which is more spacious and provides greater privacy. The ultra-modern amenities which upgrades the lifestyle, is a major traction for most opting for a second home. Adding to the spurt in demand, is the City attracting cream of the talent from across the country and abroad, who don’t mind paying a premium for a cosy dwelling. Most properties are getting sold like hotcakes across different locations of the city including Bachupally, Kompally, Tellapur, Gandipet, Dundigal, Nacharam, Mallapur, Miyapur, AS Rao Nagar etc. The ten-year low home loan interest rates has given further impetus to this property buying spree.
Times Property – East Hyderabad Property Expo 2022, is an initiative of India’s largest and most well-known media house, to make the consumer aware of the best options available in terms of quality, amenities, price, locations and other valuable parameters and ensure the best bargain for the buyers.