Telangana Real Estate Developers’ Association – TREDA, is today making impressive strides in the real estate sector of Telangana. By forging contact with leading builders and developers, Telangana Real Estate Developers’ Association is not only a self-regulatory promoter body of the real estate industry in Telangana but also keeping in tune with the spirit of Hyderabad’s emergence as a global city, TREDA’s vision has been to encourage growth.
It is committed for improving the quality of the realty environment and also usher informed decision-making practices. In this regard, TREDA is in the process of organizing conferences and property shows in order to spread awareness regarding the various options available in the real estate industry and working actively to get all these under one roof.
Today the realty prices in Hyderabad are at rock bottom but it is expected to see spike in the coming days and hence leading realtors feel this is the right time for investing in property in the state of Telangana, particularly Hyderabad. The property market is currently stable and also showing signs of improvement. Given the fact that twin cities of Hyderabad and Secunderabad offers world class infrastructure as well as amenities, more impetus is expected in this sector. The TREDA property show in the month of October is poised to accelerate this market further and is expected to provide some of the best real estate options for buyers.
There are high expectations from both industry and consumers regarding the property show that would feature a range of apartments, gated communities, villas and individual houses across the twin cities while thousands are expected to attend this event. Recently the CM of Telangana Shri K Chandrasekhar Rao has also assured realtors that his government would be working towards a single window policy for boosting real estate sector, which currently would need around 40 no-objection certificates (NOCs) to kick-start a single mega project.
Apart from simplification of NOC procedures, the CM also reportedly announced the withdrawal of the current non-agricultural land assessment (NALA) tax that would only benefit consumers as more players are expected to do the same in case the tax is abolished. Such simplified procures will not only ensure the quick revival of the sector but in the long-term they can be the drivers of growth thereby marking a new phase for real estate development in Telangana. In this regard, TREDA is all set to play an active role as a leading body in the field.