Latest news with #CREDAIHyderabad
United News of India
2 days ago
- Business
- United News of India
CREDAI Hyderabad elects New Managing Committee members for 2025-27
Hyderabad, June 20 (UNI) The Confederation of Real Estate Developers Association of India (CREDAI) Hyderabad on Friday announced the appointment of a new managing committee for the period 2025 to 2027, which will be responsible for spearheading and strengthening the CREDAI initiatives in Hyderabad and supporting the development of the sector in the region. N. Jaideep Reddy is the President, B. Jagannath Rao is the President-Elect, and Manoj Kumar Agarwal, Kurra Srinath, K. Anil Reddy and Y. Ravi Prasad are Vice Presidents. Kranti Kiran Reddy K is the General Secretary in the new team. Nitish Reddy Gudoor is the Treasurer and Sanjay Kumar Bansal and Sriram Musunuru are Joint Secretaries. The Executive Committee members are -- Addula Gopal Reddy, Alugubelli Venkat Reddy, B Jaipal Reddy, B Vinod Reddy, C Amarendher Reddy, Kavya Kavuri (the first woman elected as an EC member), N Venugopal, and Susheel Kumar Jain, who will all work together for the betterment of the Hyderabad real estate sector. The new team has adopted the theme of 'Embracing Growth and Innovation' as the core guiding principle for the activities to be undertaken during their tenure. They will focus on forward-looking themes encouraging adoption of new technology and encouraging innovation for smarter construction, adopt sustainable urban development, focus on curated skilling programmes for construction, project management and marketing while expanding real estate activities in the city. The team will focus on enhanced collaboration with the Telangana government, active participation in policy advocacy and promoting 'Brand Hyderabad' to strengthen the city's reputation as India's most dynamic real estate destination. Outlining the agenda of the new Managing Committee, newly elected President Jaideep Reddy, said, "As the city expands in all directions, driven by global capability centers (GCC), infrastructure upgrades, and a maturing real estate landscape, we are witnessing a clear shift toward premium living and sustainable development. CREDAI Hyderabad will continue to be a catalyst in this journey—by supporting homebuyers with trust, transparency, and timely delivery. We will empower the developers through proactive engagement, policy support, and skilling of manpower with future-ready solutions. With 'Embracing Growth and Innovation' as our guiding theme, we are committed to encourage adoption of new systems for construction and shaping a resilient, high-growth future of the Real Estate Sector in the city that leaves no one behind." 'The reports from all consultants and research agencies confirm Hyderabad's fundamentals are strong, marked by rising office space absorption and growing demand for larger, high-quality homes. CREDAI Hyderabad will continue to champion RERA compliance, advocate for ease of doing business, and collaborate with the government to build not just homes—but legacies," he added. Newly-elected General Secretary Kranti Kiran Reddy K, said, "The Hyderabad residential market is demonstrating renewed strength, with over Rs 4,000 crore in registrations in May 2025 — driven by a noticeable 37% rise in high-end home sales. This reflects growing buyer confidence and a shift toward premium and lifestyle-focused living. At CREDAI Hyderabad, we see this as an opportunity for growth and support this upward trend through continued policy advocacy, transparent processes, and enhanced adoption of new mechanisms and digital platforms—ensuring sustainable growth and investor trust across all segments." UNI KNR RN
New Indian Express
07-06-2025
- Business
- New Indian Express
RBI rate cut brings optimism to Hyderabad realty market
HYDERABAD: The Reserve Bank of India's jumbo 50-basis-point cut in the policy repo rate to 5.5%, along with a 100-basis-point reduction in the Cash Reserve Ratio, has landed in Hyderabad at a time when developers have been struggling to balance brisk demand with rising construction costs. Announced during the RBI's Monetary Policy Committee meeting in Mumbai on Friday, the move is expected to reduce EMIs once banks pass on the entire half‑percentage‑point relief. Mortgage advisers estimate that a `1 crore, 20-year loan could become approximately `3,000 cheaper per month, enhancing the purchasing power of both first-time buyers and those eyeing upgrades. Sentiment on the ground is positive. CREDAI Hyderabad president V Rajasekhar Reddy described the cut as a welcome move that could nudge fence‑sitters. He noted that Hyderabad's real estate market, driven by end users, remains fundamentally strong. With the city entering 2025 carrying under six quarters of unsold inventory—despite a 21% rise in primary sales last year—Rajasekhar Reddy Allipuram, founder & CEO of PropGo Infra and Realty, believes the deeper-than-expected cut could reduce this overhang by prompting quicker purchases over the next two to three quarters. 'Yet the pace of relief will hinge on how quickly lenders re‑price home loans and whether input‑cost inflation stays in check,' he cautioned. Any lag on either front, he warned, could blunt what is otherwise the strongest monetary tailwind the city has felt since the pandemic slowdown. CREDAI Hyderabad's V Rajasekhar Reddy echoed the optimism. 'The unsold inventory reflects increased launches to meet anticipated demand, not stagnation,' he noted, adding that Hyderabad's affordability and robust infrastructure pipeline position it to clear inventory faster than other metros, and to drive new project launches, provided liquidity improves and policy support persists. He also stressed the importance of timely rate transmission by banks. 'Any delay dilutes the intent of such monetary interventions,' he said. PropGo Infra's Reddy expects public sector banks, which typically respond more quickly, to begin passing on the rate cut within the coming weeks. He warned that delays could dampen buyer interest, especially in price-sensitive segments like affordable and mid-income housing.
