CREDAI home expo on October 24, 25
CREDAI is organizing a home expo in Vizianagaram on October 24 and 25 to promote real estate development in the region. Developers highlight the area's affordability and growth potential driven by new infrastructure projects like the Bhogapuram international airport.
Why it matters
The expo reflects regional economic development trends and provides a snapshot of the real estate market's growth in North Andhra.
State vice-president of Confederation of Real Estate Developers Association of India (CREDAI) K.S.C. Bose on Monday said that Vizianagaram would emerge as a destination for thousands of families from North Andhra region amid the significant growth following the establishment of international airport and proposed Reliance Data Center at Bhogapuram.
Along with CREDAI representatives, he formally launched the brochure for the sixth Home Expo, a property show to be held on October 24 and 25 during Vizianagaram Utsav and Pydithalli Ammavari festival season.
Addressing the media on the occasion, Mr. Bose said that property prices have remained reasonable in Vizianagaram compared with cities like Visakhapatnam, Vijayawada and others, although construction cost were same for builders of every region.
He said that people working in Visakhapatnam were keen to buy decent properties in Vizianagaram due to the lower cost of living and availability of villas and apartments at affordable rates.
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