Mr S Ram Reddy and Mr P Ramakrishna Rao have been elected unanimously as President and General Secretary respectively of Confederation of Real Estate Developers Association of India (CREDAI), Hyderabad for a two-year term in the election held here today. The other members unanimously elected included Aditya Gowra, G Anand Reddy, Dr M S Ananda Rao and D Murali Krishna Reddy (all Vice-Presidents); K Rajeshwar (Treasurer), C G Murali Mohan and V Rajashekar Reddy ( both are Joint Secretaries) and eight executive committee members .
Later talking to reporters, the newly elected President and General Secretary said the newly elected officer bearers and members of the executive committee will be responsible for spearheading and strengthening the CREDAI, the apex body for private real estate developers, initiatives for the development of the Real Estate Sector in Telangana. The real estate sector in Telangana has been showing a steady growth and Hyderabad and other districts have also registered impressive growth rates over the last one year, they said, adding that the state with its enviable international infrastructure, connectivity and employment generation potential has been on a rise and has all the potential of a sunrise state.
Its key objectives for the year are to lay increased focus on consumer satisfaction and emphasis on adherence to ethical and building standards besides a continued and enhanced focus on Skill Development and adoption of new technologies for construction, they added. Outlining the agenda of the new Managing Committee, Mr Reddy, said, “We are taking charge at a very crucial phase of the Real Estate Sector in Telangana State.
The Real Estate sector in the state is on a threshold of rapid growth as the policies of the government under the leadership of Chief Minister K. Chandrasekhar Rao are pro-industry and pro-growth that would give fillip to Real Estate sector. Contrary to the situation presented in some sections of the print media, the various initiatives by the government has helped many corporates to set up base and enhance their presence in the city, he said and claimed the state is growing faster than the national average in terms of its IT industry output and its per capita income is amongst the fastest growing in the country.
We, at CREDAI Hyderabad, pledge our wholehearted support to the Chief Minister in realizing his avowed policy to raise the Brand Image of Hyderabad, and make a slum-free global city and an Economic Engine of the State. He hoped that the government rapidly implements the proposed projects to facilitate rapid growth of the housing sector.