HYDERABAD: Hyderabad’s REal Estate market is picking up momentum. The growth of financial districts, IT parks, educational institutions and malls has added to this growth. The outlying stations sandwiched between Gachibowli and BHEL, with little development and availability of vast open lands, have steadily been lapped up by construction companies. Nallagandla and adjoining Tellapur have transformed into a residential-cum-commercial hub. Last year the launch of the metro, with its well-connected network, has helped reinforce the perception of it as a buzzing, young, new-age locality.
To celebrate this positive trend, Times Property held its ‘Home Affair’ event. Offering luxury, comfort and style, Home Affair 2014, a property exhibition, was held at Westin, Raheja IT Park, Hyderabad from April 4th to 6th.
The event featured key players in Hyderabad’s real estate market, with property developers like Aparna Constructions, Sri Sreenivasa Constructions, MAK Projects, Pranit Projects, Botanika, Manjeera Constructions, Shantha Sriram Constructions, Cybercity Builders, Modi Builders and Sankalp Corp. participating. Developers such as Armsburg, Vasavi and Vertex NCC Urban, Ramky, Manjeera constructions, Theme Ambience, Rajapushpa were amongst the others present.
With an estimated footfall of 1,400 visitors, this exhibition created an effective business platform that brought aspiring home buyers face to face with developers of some of the largest projects in India. Ramakrishna, DGM sales, MAK Projects was pretty excited about the event. He said, “It was a fantastic exhibition. I am pretty certain that the people who we spoke with in this property show, will buy. We have already had seven site visits to our villa projects.”
Srinath Iyer, head of sales, Botanika, was also positive. “On Sunday 700 people visited the exhibition. We sell high end condominiums and there were thirty potential buyers who visited our stall and our model house at Gachibowli. Good to know that people are keen on buying even high-end properties.”
Krishna Reddy from Sri Sreenivasa, added, “The footfall was less than what we had anticipated. We expected a lot more clientele from the higher middle class segment who were not visible.”
We spoke to property buyer, Ramesh Rao and his wife about this exhibition. They shared, “There were many projects from which were affordable and worth investing in.” A fact that meant there would be more interested parties buying properties later on. A sentiment hoped and shared by several players in the Hyderabad real estate sector.