CREDAI Property Expo Opens on Grand Note in Visakhapatnam
The 11th edition of Confederation of Real Estate Developers Association of India (CREDAI) Property Expo began on a grand note at Gadiraju Palace here on Friday.
As many as 71 stalls have been set up, showcasing a wide range of projects including residential apartments, villas, open plots, commercial spaces, and both affordable and premium housing options. In line with previous editions, exclusive stalls by leading banks and financial institutions have also been arranged, offering home loan services with special discounts, competitive interest rates, and instant loan approvals.
MSME Minister Kondapalli Srinivas inaugurated the expo as the chief guest. MLAs Palla Srinivas Rao, Ganta Srinivasa Rao, Velagapudi Ramakrishna Babu, P. Vishnu Kumar Raju, and VMRDA Chairperson MV Pranav Gopal attended the inaugural ceremony and visited various stalls.
Speaking at the inaugural event, MSME Minister Kondapalli Srinivas said that over the past year, the state government has introduced several reforms that have led to vertical growth in the construction sector and generated significant employment. The Minister noted that delivering quality projects builds trust among prospective buyers, which in turn strengthens confidence in the builder community.
Rahul Sankritya, DGM, SBI Visakhapatnam, said that the real estate sector is one of the major contributors to the nation’s GDP.
Chairman of CREDAI Visakhapatnam Chapter, V Dharmender, said the property expo serves as a one-stop destination for those looking to buy property in rapidly developing areas such as Visakhapatnam. Bringing developers, bankers, and other stakeholders under one roof makes it easier for buyers to evaluate options and take informed decisions, he said.
Ashok Kumar, President of CREDAI Visakhapatnam Chapter, said recent government reforms, including faster approvals and greater transparency, have positively impacted the Andhra Pradesh real estate sector and are helping it return to normalcy. He added that CREDAI will continue to work with the government and urged buyers and investors to participate in the 11th CREDAI Property Expo with confidence.
Ch. Govinda Raju, Convenor of the CREDAI Vizag Property Expo, said the event reflects the city’s growth momentum and increasing demand for quality real estate. Developers are offering special pricing, spot booking benefits, waivers on select charges, flexible payment plans, and early-bird offers available only during the expo, he added.
The event also featured the presentation of the K Subba Raju Memorial Award to the top three Diploma Civil Engineering students of Government Polytechnic College, Visakhapatnam, and the top two meritorious students from the Draftsman Civil trade at Government Industrial Training Institute (ITI). This reflects CREDAI’s continued commitment to nurturing young talent.
Secretary V. Sreenu, and other office-bearers were present on the occasion.