Hyderabad Poised For Real Estate Boom, Predicts Uttam Kumar Reddy

Civil Supplies & Irrigation Minister Uttam Kumar Reddy today predicted a significant boom in Hyderabad's real estate and construction industry, driven by a series of innovative and ambitious projects announced by Chief Minister Revanth Reddy, Deputy Chief Minister Bhatti Vikramarka, and IT & Industries Minister D Sridhar Babu.

Speaking at the State conference of the Confederation of Real Estate Developers' Associations of India (CREDAI) Telangana at the Hyderabad International Convention Centre (HICC) (the conference had the theme Telangana Going Global), Reddy expressed confidence that Hyderabad was on the verge of witnessing a major real estate surge, and said that there was a palpable sense of excitement surrounding the city's imminent growth.

He credited the earlier Congress government for laying the groundwork for this with world-class infrastructure projects such as the Rajiv Gandhi International Airport, the 162-km-long Nehru Outer Ring Road, the PVNR Expressway, the Hyderabad Metro Rail, and the supply of drinking water from the Krishna and Godavari rivers.

He added that the present Congress government had announced several more landmark development projects for Hyderabad, including the Future City at Mucherla, the Skill Development University, the expansion of the Metro Rail, and the proposed Musi Riverfront Development project.

These projects, he said, had created an atmosphere conducive to growth, not only in Hyderabad but also in tier-2 and tier-3 cities across Telangana, which were likely to see substantial development.

Reddy emphasized that with the efforts of Chief Minister Revanth Reddy and Industries Minister Sridhar Babu, there was also likely to be a surge in investment in the IT, software and manufacturing sectors across Telangana.

Reddy assured the CREDAI members that the Congress government was committed to taking Telangana to the next level. "In all your business and building activities, our government is with you," he said. He emphasized the importance of rapid urbanization in Telangana, which had reached nearly 45%, and highlighted the crucial role of the real estate and construction industry in the State's development.

Bhongir MLA Anil Kumar Reddy, IGBC National Vice Chairman C Sekhar Reddy and other dignitaries were present.