CREDAI Property Expo draws over 14,000 visitors in Visakhapatnam
The 11th CREDAI Property Expo drew an encouraging response from developers and homebuyers, with more than 14,000 visitors attending the three-day event held at the Gadiraju Palace Convention Centre on Beach Road.
Families, first-time homebuyers, investors, and non-resident Indians turned out in large numbers as leading developers from the region showcased more than 850 residential and commercial projects. Banks and allied service providers were also present to offer housing loans and related support.
Addressing the valedictory function as chief guest, GVMC Commissioner Ketan Garg said that home ownership is an important emotional milestone. He noted that Visakhapatnam’s real estate sector has seen rapid growth in recent years. He added that the recent amendments to the Building Rules, 2017, are intended to encourage safe, sustainable, and investor-friendly urban development.
Developers said visitors showed clear intent, spending considerable time comparing projects and seeking information on pricing, statutory approvals, and construction timelines. Affordable housing, gated communities, villas, and ready-to-move-in homes were the most sought-after segments.
CREDAI Visakhapatnam president E. Ashok Kumar said the response exceeded expectations, with strong footfall, quality enquiries, spot bookings and follow-up site visits. The chairman of the CREDAI Visakhapatnam chapter V. Dharmender said reforms introduced by Mr. Garg, particularly faster plan approvals, have given a boost to the sector and that rising investments are set to transform the city’s real estate landscape.
Chapter secretary V. Sreenu said better layout planning and effective crowd management ensured smooth visitor movement and productive interactions between buyers and developers.
The valedictory programme also saw the presentation of the B.R. Raju Memorial Awards 2025 to meritorious B.Arch students of Andhra University. Hoarding sponsors were felicitated, awards were given to winners in the Builder and Building Material Supplier categories, and a walk-in visitor won the bumper draw prize of a Honda Activa Electric two-wheeler sponsored by Hamsa Honda.
Convenor of the Expo, Ch. Govida Raju, CREDAI Andhra Pradesh President Bayana Srinivas Rao also spoke on the occasion.