Property fest gets underway in Vizag

The three-day property fest began under the aegis of NAREDCO (National Real Estate Development Council) at Gadiraju Palace in Visakhapatnam on 14 November.

Gadde Chakradhar, State President of NAREDCO, in his inaugural address, said that many GOs were implemented with the support of the State government.

He said that the State government was able to bring in real estate development, and as a result, nearly Rs. 5 lakh crore of investments were made in the sector so far.

With the arrival of companies like Google, Mittal Steel, TCS and ReNew Energy, the city became an investment destination. “It’s a good time to buy houses and apartments in Visakhapatnam and the surroundings.”

He urged people to buy property through the show to get benefits.

NAREDCO National President Haribabu said the council has been organising such property shows in Andhra, Telangana, and Maharashtra, and there were plans to hold them all over the country in the future. He said that he was elected as the national president for the first time from the southern States, and that he was elected from Andhra Pradesh, and this became possible only because of NAREDCO’s Andhra Pradesh branch.

State Legislative Assembly Speaker Ayyannapatrudu, State Revenue Minister Ananani Satyaprasad, Visakhapatnam Member of Parliament Sribharat, MLAs Ramakrishnababu, Palla Srinivas, Vishnu Kumar Raju, Gauthu Sirisha, MLC Chiranjeevi, VMRDA Chairman Pranav Gopal, GCC Chairman Kiladi Shravan Kumar, VMRDA Commissioner Tej Bharat, and others participated.

Also read: Tej Bharat takes over as VMRDA Commissioner

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This article is written by Senior Journalist Lakkoju Nagesh Babu