Massive Response to CREDAI Property Show
First-time homebuyers, investors and non-resident Indians turned up in large numbers.
Visakhapatnam: The three day CREDAI property expo drew an overwhelming response from homebuyers and commercial entrepreneurs, with more than 14,000 visitors attending the Visakhapatnam event.
First-time homebuyers, investors and non-resident Indians turned up in large numbers. Leading developers from the region showcased over 850 residential and commercial projects. Banks and allied service providers were also present to offer housing loans and related support.
"There were around Rs.100 crore worth business enquiries,’’ said city president of CREDAI E Ashok Kumar.
Kumar said the response exceeded expectations, with strong footfall, quality enquiries, spot bookings and follow-up site visits. He said, “Faster plan approvals by GVMC have given a boost to the sector and rising investments are set to transform the city’s real estate landscape.”
Addressing the valedictory function as chief guest, GVMC commissioner Ketan Garg noted that Visakhapatnam’s real estate sector has witnessed rapid growth in recent years. The recent amendments to the Building Rules, 2017, he said, are aimed at encouraging safe, sustainable and investor-friendly urban development.
Developers said visitors showed clear intent, spending considerable time comparing projects and seeking information on pricing, statutory approvals and construction timelines. Affordable housing, gated communities, villas and ready-to-move-in homes emerged as the most sought-after segments.
Chapter secretary V Sreenu said better layout planning and effective crowd management ensured smooth visitor movement and productive interactions between buyers and developers.
The valedictory programme also saw the presentation of the BR Raju Memorial Awards 2025 to meritorious B Arch students of Andhra University. Hoarding sponsors were felicitated, awards were given to winners in the builder and building material Supplier categories.