Hyderabad: Telangana Civil Supplies and Irrigation minister N Uttam Kumar Reddy predicted a significant boom in Hyderabad’s real estate and construction industry, driven by a series of innovative and ambitious projects announced by chief minister A Revanth Reddy, deputy chief minister Bhatti Vikramarka, and IT & Industries minister D Sridhar Babu.
Speaking at the state conference of Confederation of Real Estate Developers’ Associations of India (CREDAI) Telangana at the Hyderabad International Convention Centre (HICC) on Tuesday, August 20, which had the theme ‘Telangana Going Global,’ Uttam Kumar Reddy expressed his confidence that Hyderabad was on the verge of witnessing a major real estate boom.
He noted the palpable sense of excitement surrounding the city’s imminent growth.
Uttam credits Congress
Uttam Kumar Reddy credited the earlier Congress government for laying the groundwork with world-class infrastructure projects such as the Rajiv Gandhi International Airport, the 162-km-long Nehru Outer Ring Road, PVNR Expressway, Hyderabad Metro Rail, and the supply of drinking water from the Krishna and Godavari rivers.
He highlighted that the present Congress government, under chief minister Revanth Reddy, had announced several landmark development projects for Hyderabad, including the Future City at Mucherla, the Skill Development University, the expansion of the Metro Rail, and the proposed Musi Riverfront Development project.
These projects, he said, had created an atmosphere conducive to growth, not only in Hyderabad but also in tier-2 and tier-3 cities across Telangana, which were likely to see substantial development.
Uttam Kumar Reddy emphasized that with the efforts of chief minister Revanth Reddy and Industries minister Sridhar Babu, there was likely to be a surge in investment in the IT, software, and manufacturing sectors across Telangana. “Hyderabad’s real estate is set to boom,” he asserted.
Uttam lauds R&B minister Komatireddy for RRR
He also praised Roads and Buildings Minister Komatireddy Venkatreddy for playing an important role in bringing the prestigious Regional Ring Road to Telangana and lauded the participation of CREDAI members from across Telangana at the conference.
Uttam Kumar Reddy assured the CREDAI members that the Congress government was committed to taking Telangana to the next level.
“In all your business and building activities, our government is with you,” he said. He emphasized the importance of rapid urbanization in Telangana, which had reached nearly 45%, and highlighted the crucial role of the real estate and construction industry in the state’s development.
“The 29th and youngest state in India is scripting a new growth story. While the growth focus may currently be on Hyderabad, the entire state of Telangana has immense potential for high growth,” Uttam Kumar Reddy said. Drawing on his extensive political career, he reassured industry leaders of the government’s support, stating, “Your growth, your business activity, your construction and real estate activity – we are with you.”
Bhongir MLA Anil, IGBC National Vice Chairman C Sekhar Reddy, and other dignitaries were present at the event.
