VISAKHAPATNAM: CREDAI- Visakhapatnam Chapter will hold its 10thVizag Property Expo at Gadiraju Palace Convention Center in Vizag city from November 29 to December 1 to provide a comprehensive platform for prospective homebuyers and real estate enthusiasts.
E Ashok Kumar, Vice President of CREDAI Visakhapatnam, emphasized the expo’s crucial role in empowering buyers to make informed decisions. “Our primary goal is to create a unified platform where homebuyers can explore a wide range of properties, including apartments, villas, and flats,” he stated.
Highlighting the expo’s legacy, Ashok added, “Over the years, these expos have become a benchmark annual event, showcasing the collective efforts of the builder community while driving significant growth in the real estate sector.”
Expressing optimism about the city’s future, Ashok commended the coalition government for its development-oriented approach. “With robust infrastructure projects in the pipeline, we envision a brighter future for Visakhapatnam as a city of opportunities,” he noted.
Visakhapatnam is on the cusp of transformation into one of India’s most happening cities, equipped with world-class infrastructure, according to KSRK Raju (Sai), Chairman of CREDAI Visakhapatnam Chapter. He applauded the state government’s proactive initiatives, particularly the introduction of a single-window system for building approvals.
“The government’s decision to implement time-bound building approvals from December 31 is a commendable step that will significantly accelerate the pace of business in the real estate sector,” he said. This, coupled with other policy reforms, is expected to attract substantial investments and fuel rapid urban development, solidifying Visakhapatnam’s position as a leading city in infrastructure and liveability.
Ch Govinda Raju, Expo Convenor, revealed that all 71 stalls for the Property expo have been fully booked, with participation from 25 leading builders, layout developers, and renowned interior and exterior design firms. The Visakhapatnam Metropolitan Region Development Authority (VMRDA) will also be showcasing its plots.
To facilitate homeownership, six major banks including SBI, UBI, LIC Housing Finance, Bank of Baroda, Canara Bank, and IDBI, will be present to offer on-site loan approvals. This collaboration aims to make homeownership seamless for attendees.
Chairman KSRK Raju also applauded the government’s sand policy, which ensures the availability of sand at reduced costs. “With affordable sand, construction projects will thrive, boosting the local economy and creating job opportunities,” he observed.
