Hyderabad : Confederation of Real Estate Developers Association of India (CREDAI) – Telangana (CREDAI) Telangana organizes the first ever TS Conclave. The event was inaugurated by Hon’ble Governor of Telangana, Dr. Tamilisai Soundararajan in the presence of Mr. G Ram Reddy, Vice President, CREDAI National, Mr. Ch. Ramchandra Reddy, Chairman, Mr. D. Murali Krishna Reddy, President, Mr. E. Premsagar Reddy, President-Elect, Mr. K. Indrasena Reddy, Secretary, CREDAI Telangana along with the other office bearers, bureaucrats, members & dignitaries. A lifetime achievement award was presented to Mr. Rameswar Rao Jupally, Chairman of MyHome Group for his outstanding contribution to the development of the Real Estate sector in Telangana.

The goal of CREDAI TS CONCLAVE – 2021 is to educate the builder community in the state’s 14 chapters and 800 members on Standard Operating Procedures (SOP’s) and checklists to ensure adherence to the mandated norms. A book developed by CREDAI Telangana on SOPs by Mr. Arvind Kumar, Special Chief Secretary, MAUD, Govt of Telangana, to be followed by members was unveiled at TS Conclave followed by a session on Government policies for real estate. Mr. Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana Government, delivered a speech on Telangana – Equipped for the Future; Setting and Surpassing Benchmarks, and released a report on Telangana – A state on the move by ANAROCK, a leading real estate consulting firm.  It was followed by a panel discussion on Innovation and Technological advancement in construction technology, chaired by Dr. Ramana Rao, JNTU to assist members leverage them for more efficient construction. Finally, a session was organized with a panel of leading banks to  discuss the nuances of Project finance and Home loans.

Speaking on the occasion Mr.Ch. Ramchandra Reddy, Chairman, CREDAI Telangana said, “CREDAI  being the voice of real estate industry’s collaborates closely with the government in the development of real estate policies and guidelines at both the state and national levels. Telangana has been in the forefront of real estate reforms, with initiatives such as TS-bPASS, a single-window approval process for real estate developments, and ‘DHARANI,’ a government-run integrated land record management system. This has sparked expansion throughout the state, increasing demand for real estate projects. TS-CONCLAVE 2021 is designed to assist member developers, particularly new members, throughout the state with the complete process, approvals required to undertake a real estate project under TS-RERA, understanding project finance nuances, and accessing the latest technologies to improve the quality and speed of construction. The development of major infrastructure projects such as the industrial corridors, regional ring road, and mega irrigation projects to aid agriculture is expected to provide further impetus to the state economy. This will enable uniform growth opportunities across the state, create balanced employment clusters and result in the demand for real estate as well as other inspirational products and services. It is not far to foresee that the state of Telangana will soon be a preferred destination for businesses across the sectors and people from far and wide will look to make this state their home.”

Adding to this Mr.  D. Murali Krishna Reddy, President, CREDAI Telangana said, “In the fiscal year 2020-21, Telangana added 46,489 new employments in the IT sector, with a 2.5-fold increase in indirect job creation. Over 1.5 lakh employment were also created in the electronics industry. To bring in investment opportunities and encourage the growth of start-ups across the state, TSIIC has created 10 Industrial Parks and granted 810 acres to 453 enterprises. Telangana now accounts for 5% of the national GDP and is India’s second-largest exporter of information technology. In the fiscal year 2020-21, the state saw a 13 percent increase in IT/ITeS exports in the country, reaching a new high of INR Rs 1.45 lakh crore, up from Rs 1.28 lakh crore the previous year. The demand for real estate in the state has risen dramatically as a result of this. There are more than 1,500 IT-ITeS organizations including several marquee international companies that have made Telangana their operational base. This has been possible because of the ready infrastructure in the urban centres and the large availability of plug-n-play office spaces at sub-dollar rentals, making it the most competitive across the world. The presence of a rich talent pool and a rapidly evolving culture that has warmly received employees from across the country acts as a key enabler to attract global companies to set up their base and expand in Telangana. This has been possible due to the efficient law & order, quality healthcare, and a good standard of living offered by the state. This is definitely driving the growth in the Real Estate sector, a fact highlighted in the report released today.”

According to Sri E. Premsagar Reddy, President-Elect, CREDAI Telangana, “The agriculture sector in Telangana was the least affected during the pandemic owing to the robust infrastructure and policy support. It can be substantiated by the exponential growth of agriculture and allied sector by 20.9 %   in 2020-21 despite the pandemic. While agriculture production was not hampered severely, farmers faced several challenges in transportation as the physical movement of goods and services was restricted during the pandemic. This has resulted in a robust rural economy and therefore a spurt in demand for the real estate. The state’s overall development has resulted in a higher need for more real estate projects. A number of new people have taken advantage of this opportunity to get into real estate. These new players frequently sell UDS / non-RERA certified projects due to a lack of awareness and understanding, generating unwelcome disruption in the real estate market. We hope the book on SOP’s released at the TS-CONCLAVE will help as an effective checklist for the developers to ensure compliance to all the required guidelines by the Government while undertaking a project.”

Elaborating about the TS-CONCLAVE Mr. K. Indrasena Reddy, Secretary, CREDAI Telangana said, “ TS-CONCLAVE was a effort by CREDAI Telangana to bring developers across the state on the common platform, equipping the members with the SOP’s while initiating the project, understanding the nuances of finance and get updated on the latest technologies and innovation in construction. The sessions with key members in the business, academia and civil administration would have enlighten the delegates to make the most of the opportunities as TS is on the move with proactive governance and policies. Since the formation of the state, a steady focus has led to emergence of a strong IT,ITeS industry employing over 6.3 lakh people,  is now expanding to tier II cities like Warangal, Karimnagar, Nizamabad and others bringing about a decentralized growth. Pharma and health care sector has a received a major impetus with specialized clusters like Pharma City, Genome valley and medical devices park will further drive economic activity in the semi-urban centres of the state. Mega irrigation projects are helping drive the rural income and ensuring a rapid growth in the state. GDSP for TS has registered an average growth of 8.9% with lowest unemployment rate and steady growth and a per capita income being 1.78 times higher than the national average. The job growth in the state has been 7.99% in 2020-21 compared to the previous year and is expected to grow steadily. This will definitely cause a rapid increase in the demand for real-estate. We are hopeful that initiatives like TS-CONCLAVE will help equip the developers community across the state to be better-equipped to leverage the opportunities.”