5 months ago
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The 11th CREDAI Property Expo elicited an encouraging effect from developers and location buyers, with implicit 14,000 visitors attending the three-day event, which concluded astatine Gadiraju Palace Convention Centre connected Beach Road astatine MVP Colony present connected Sunday (December 21).
Families, first-time homebuyers, investors and non-resident Indians turned up successful bully numbers arsenic starring developers from the portion showcased implicit 850 residential and commercialized projects. Banks and allied work providers offered lodging loans and related support.
Addressing a gathering astatine the valedictory function, GVMC Commissioner Ketan Garg said owning a location was an important affectional milestone for immoderate person. He noted that Visakhapatnam’s existent property assemblage has witnessed accelerated maturation successful caller years. The caller amendments to the Building Rules, 2017, helium said, were aimed astatine encouraging safe, sustainable and investor-friendly municipality development.
Developers said visitors showed wide intent, spending sizeable clip comparing projects and seeking accusation connected pricing, statutory approvals and operation timelines. Affordable housing, gated communities, villas and ready-to-move-in homes emerged arsenic the astir sought-after segments.
CREDAI-Visakhapatnam president E. Ashok Kumar said the effect exceeded expectations, with prime enquiries, spot bookings and follow-up tract visits.
Chairperson of CREDAI-Visakhapatnam section V. Dharmender said reforms introduced by Mr. Garg, peculiarly faster program approvals, person fixed a boost to the assemblage and that rising investments are acceptable to alteration the city’s existent property landscape.
Chapter caput V. Sreenu said amended layout readying and effectual assemblage absorption ensured creaseless visitant question and productive interactions betwixt buyers and developers.
The valedictory programme besides saw the presumption of the B.R. Raju Memorial Awards 2025 to meritorious B.Arch students of Andhra University. Hoarding sponsors were felicitated, awards were fixed to winners successful the Builder and Building Material Supplier categories and a walk-in visitant won the bumper gully prize of a Honda Activa electrical two-wheeler sponsored by Hamsa Honda.
Convenor of the expo, Ch. Govida Raju and CREDAI Andhra Pradesh president Bayana Srinivas Rao besides spoke connected the occasion.
