Hyderabad: With Hyderabad attracting global investor attenttion, the Hyderabad-based real estate developers expect a good business in the current year.
“The growth prospects of the real estate sector in Hyderabad are good. The overall Indian economy is doing well. Hyderabad in particular has hogged global attention. The state government is also business-friendly. The city has good infrastructure. All these factors would attract a lot of investment into Hyderabad," said Mr S. Ram Reddy, the president of Hyderabad chapter of real estate developers body Credai.
Compared to five years ago, he said a lot of financial investors from other cities are envincing interest in investing in the city projects.
As part of promoting the real estate sector in the city, Mr Reddy said Credai Hyderabad is organising a three-day property show from March 2 to 4 at Madhapur, where 120 developers are expected to participate.
“Around one lakh visitors are expected to attend this show,” he said. Explaining further, he said Hyderabad is at cusp of overall real estate growth in the city, unlike unifocused growth in the western parts of the city.
“With the Metro cutting down the mean travel time of professionals drastically, all areas in the Metro corridor will see faster growth. For example, Uppal would become a very big hub in the east,” Mr Reddy said. The Credai Hyderabad president, however, sought the government’s intervention for stablising the prices of key raw materials such as steel and cement....