‘Right time to Invest in Hyderabad’

In a free-wheeling chat with Express, TREDA president P Dasharath Reddy, speaks about the real estate industry in Hyderabad and its challenges. Excerpts:

Published: 18th October 2014 06:02 AM  |   Last Updated: 18th October 2014 06:02 AM   |  A+A-

HYDERABAD : Can you shed some light on Resurgent Hyderabad?

Resurgent Hyderabad-Tomorrow Beckons, which is the theme of this year’s Property Show, can take a new role in the future of real estate in Hyderabad. The main growth engines of the city are IT, pharmaceutical and health industries and these are all bi-products of construction industry. So the real estate industry can contribute immensely towards growth of Hyderabad.

What are your expectations from this conference?

We are expecting the growth trajectory to improve. Earlier there was a lot of ambiguity and concerns because of the political situation in the state. However, after bifurcation, there is political stability and we are confident that brand Hyderabad will surge forward since the city has tremendous history, an excellent geographic location, good climatic conditions and wonderful infrastructure.

What policies of the Telangana government will help the real estate sector grow in Hyderabad?

The government is trying to quicken the process of providing clearances for projects in the state.

What does the future of real estate in Hyderabad look like?

The rates in Hyderabad are cheaper than anywhere else in India. We also have infrastructure of superior quality, as well as building materials. This is a very good opportunity for people looking to invest here. I feel once the market improves, nothing can stop Hyderabad.


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