CREDAI Telangana First TS-CONCLAVE – 2021

Confederation of Real Estate Developers Association of India (CREDAI) – Telangana, the country’s apex body of private real estate developers announced the 1st edition ofCREDAI TS CONCLAVE – 2021at HICC, Hyderabad on 23rd December 2021. It will befollowed by the 3rd edition of CREATE awards, toidentify and celebrate winners amongst the realtors of Telangana who inspire and promote best practices and champion the feat of creating value, delivering quality, and bringing innovation to the front foot with regards to the Real Estate in Telangana.The renowned research and rating agency CRISIL will be the knowledge partner for CREATE 2021 and provide detailed reports to the jury to identify the best projects across categories.The event will be conducted by Sri Ch. Ram chandra Reddy, Chairman, Sri D. Murali Krishna Reddy, President, Sri E. Premsagar Reddy, President-Elect, Sri K. Indrasena Reddy, Secretary, CREDAI Telangana along with the other office bearers, members & dignitaries.

CREDAI TS CONCLAVE – 2021is envisaged to educate the builder fraternity across the 14 chapters and 800 members in the state on the standard operating procedures (SOP’s) and checklistto ensure adherence to the prescribed norms. A book, compiled by CREDAI Telanganaon SOP’s to be followed by members will be unveiled on the occasion. The leading real estate consulting firm ANAROCK will be the knowledge partner for STATECON 2021, and will work closely with CREDAI Telangana to release a special report on the ‘Future of Real Estate in Telangana’.STATECON 2021 will also host technical sessions on the latest global innovations in construction technology to help members leverage them for efficient constructions.

Speaking on the occasion Mr.Ch. Ramchandra Reddy, Chairman, CREDAI Telangana said, “CREDAI is the voice of the real estate sector and works closely with the Government in the formulation of the policies and guidelines for the real estate sector both at state and national level. Telangana has been at the forefront of reforms in the real-estate sector, the initiatives like TS-bPASS, a single window process for approval of real estate projects, ‘DHARANI’ an integrated land record management portal by Govt. of Telangana is helping clearly define the land records and streamline revenues. These measures are facilitating the ease of doing business. The visionary and proactive policies of the state government are helping attract fresh investments in the state across industries, helping rapid urbanization, job creation and growth. A systematic approach towards the Agri Sector through Kaleshwaram project, increasing the Agri-area, and support through RythuBandhu Scheme, is helping improve the sector and boost the rural economy. Apart from IT,ITeS, industries, the resilience of the Telangana economy is aided by agriculture and allied sectors, which are growing by a robust 20.9% as against the 3% growth at the national level. This has triggered the growth across the state, promoting the demand for the real estate projects.TS-CONCLAVE 2021 is planned to help the member developers, particularly new members across the state get the undertaking of the complete process, approvals required to undertake a real estate project under TS-RERA, understand the nuances for project finance and access the latest technologies to improve the quality and speed of construction. We invite more and more members from across the state to participate in the TS CONCLAVE 2021 and reap the benefits in their ventures.”

Adding to this Mr. D. Murali Krishna Reddy, President, CREDAI Telangana said, “Since the formation of the state of Telangana, the dynamic and visionary leadership with proactive governance has helped Telangana take rapid strides in development. The state, leads the country in terms of office space absorption, fresh investments leading to job creation. Telangana had added additional 46,489 new jobs in the IT sector and 2.5 times increase in providing the jobs indirectly in the FY 2020-21. Electronics sector also created over 1.5 lakh jobs. TSIIC has developed 10 Industrial Parks and allotted 810 acres to 453 industries to bring in investment opportunities and boost the start-ups’ growth across the state.. Telangana is contributing 5% in the National GDP and became the 2nd highest contributor to India’s IT exports. State registered a 13% annual growth in IT/ITeS Exports in the country with a record high of INR Rs 1.45 lakh crore in the FY 2020-21, as against Rs 1.28 lakh crore in the previous year. This has given a major impetus to the demand for the real estate sector in the state. The developers are geared up to the challenge and working meticulously to service the increased demand for real estate. In an attempt to recognize the efforts of our member developers, we are happy to announce the 3rd Edition of CREATE Awards, to recognise the outstanding contributions, innovations and commitment displayed in the trying times of COVID-19 to set new benchmarks for the industry along with the TS-Conclave.”

According to Sri E. Premsagar Reddy, President-Elect, CREDAI Telangana, “The overall development in the state has triggered an increased demand for more real estate projects. A lot of new people have used this opportunity to foray into the real estate ventures. Due to the lack of awareness and knowledge, these new players often sell UDS / non-RERA approved projects, causing unwanted disruption in the real estate market. CREDAI mandates all members to follow the ethical code of conduct and adherence to the prescribed guidelines by the authorities. In an effort to help the new developers we are launching a book on SOP’s for the project outlining the steps to be followed from the NOC to Conceptualisation to Handing over of the project to the purchaser. We hope this will help the new-entrants get a checklist to follow, adhere to the guidelines and deliver good quality projects, helping bridge the demand supply gap.”