8 months ago
CREDAI Property Expo Draws Massive Crowd
A big property show called CREDAI happened in Visakhapatnam for three days.
Lots of people, more than 14,000, came to see over 850 homes and business spaces.
Many first-time buyers, investors, and people living abroad came to look.
Banks were there to help with loans.
The show had lots of questions and people even booked homes right away.
The city's leader said the property business is growing fast.
People liked affordable homes, gated communities, and ready-to-move-in houses the most.
At the end, they gave awards to students and builders.
The three-day CREDAI property expo in Visakhapatnam attracted over 14,000 visitors, including first-time homebuyers, investors, and NRIs.
Over 850 residential and commercial projects were showcased by leading developers, with banks and allied service providers offering housing loans and support.
Business enquiries worth Rs.100 crore were generated, with strong footfall, quality enquiries, spot bookings, and follow-up site visits.
GVMC commissioner Ketan Garg noted rapid growth in Visakhapatnam's real estate sector and recent amendments to encourage safe and sustainable urban development.
Affordable housing, gated communities, villas, and ready-to-move-in homes were the most sought-after segments, with visitors showing clear intent and comparing projects.
- Who
- CREDAI, homebuyers, commercial entrepreneurs, leading developers, banks, allied service providers, GVMC commissioner Ketan Garg, city president of CREDAI E Ashok Kumar, chapter secretary V Sreenu
- What
- CREDAI property expo with over 850 residential and commercial projects showcased, Rs.100 crore worth business enquiries, presentation of BR Raju Memorial Awards 2025 and other awards
- Where
- Visakhapatnam
- When
- Three-day event (specific dates not mentioned)
- Why
- To showcase residential and commercial projects, offer housing loans and related support, encourage safe, sustainable, and investor-friendly urban development
Key facts
- Event Duration
- Three days
- Number of Visitors
- More than 14,000
- Number of Projects Showcased
- Over 850
- Business Enquiries
- Rs.100 crore worth
- Key Attendees
- First-time homebuyers, investors, NRIs, leading developers, banks, and allied service providers
- Most Sought-After Segments
- Affordable housing, gated communities, villas, ready-to-move-in homes
- Awards Presented
- BR Raju Memorial Awards 2025, builder and building material supplier awards
Quotes
E Ashok Kumar
City president of CREDAI
“Faster plan approvals by GVMC have given a boost to the sector and rising investments are set to transform the city’s real estate landscape.”
deccanchronicle.com
“There were around Rs.100 crore worth business enquiries”
deccanchronicle.com
