After receiving a tremendous response in Ahmedabad, Bengaluru and Delhi, FIRST CONSTRUCTION COUNCIL with CONSTRUCTION WORLD (CW) made a successful foray to Hyderabad to organise the CONSTRUCTION WORLD Design-Build Conclave & Awards.
Held on June 10 at Hotel Hyatt Gachibowli Hyderabad, the event witnessed the who’s who of the design and build industry – real-estate builders and developers, architectural firms, design firms, government and industry. Therewere two power-packed panel discussions, partner presentations and awards for the ‘Stalwarts of the South – Hyderabad’.
The event was graced by Guest of Honour and Padma Shri BVR Mohan Reddy, Founder Chairman & Board Member, CYIENT, who was also felicitated for his contributions to Telangana. While thanking CW, he stated, “The IT sector and innovation hubs are the way to go to grow Hyderabad into an economic powerhouse.”
Pratap Padode, Editor-in-Chief, CW, welcomed the dignitaries, saying, “Hyderabad is becoming one of the first choices for any company looking to set up bays in India.
Hyderabad is a city whose time has come. Out of all the southern cities, the city sports the highest share of supply and demand. Even the demand for housing has seen a 7 per centYoY growth in Q1 2022 compared to the pre-pandemic years. We went from completing 20 km a day to Minister Nitin Gadkari now aspiring to achieve 50 km a day. The National Highways Authority of India (NHAI) recently set a new record by achieving 72 km of highway in four days. Evidently, the pace and aspirations of infra construction have doubled over time. We should be proud that we are able to execute and deliver such projects with such speed without compromising on quality.”
In his keynote address, JVS Ramakrishna, Business Leader-Smart Cities & Smart Utilities, L&T, shared insights on the ‘Current Scenario of the Real-Estate Sector. He said, “Telangana has made tremendous progress in technology, as seen in the recent numbers released by the government: 1.8 lakh crore exports from Hyderabad, creating 1.5 lakh jobs and absorbing about 3.4 million sqft of land. Technology has become all pervasive. What we need for the technology industry to prosper is infrastructure.We need quality buildings with value. Therefore, there is immense opportunity for the industry.” He also thanked CWfor the felicitation: “The Construction World Design Build Awards is close to us because as a company we also focus on design and build.”
Further, P Ravi Shankar, Vice President & Head of Transit Oriented Development, Project Control & Contracts – L&T Metro Rail (Hyderabad),addressed the ‘Impact of Metro on the Real-Estate Market in Hyderabad’ in his address, saying, “Going forward, real-estate development in urban environments has to be oriented on high-speed corridors. Today Hyderabad cannot imagine itself without metro rail; we have about 3.5-4 lakh people travelling daily. Hyderabad Metro has dispersed development to various parts of the city. Continued growth in infrastructure will only take the city’s development forward.”
Key takeaways from the discussion:
Panel Discussion 2: ‘Builders Connect: Real-Estate Market in Hyderabad Set to Boom’
Next up was a highly interactive panel discussion titled ‘Builders Connect: Real-Estate Market in Hyderabad Set to Boom’. Moderated by Sreekanth Reddy, Sr Director, Cushman & Wakefield, the speakers conversed on best practices for design-build procurement, contracts and project delivery in India,especially in Hyderabad. Eminent speakers included B Sunil Chandra Reddy, President, NAREDCO – Telangana Real-Estate Developers Association; Nanda Kishore M, Managing Director, Ramky Estates & Farms; SP Reddy, Chairman & Managing Director, Terminus Group; Shivani Reddy, Managing Partner, Rami Reddy Constructions; and Shahab Naqvi, B2B & B2G Head, Panasonic.
Key takeaways from the discussion:
B Sunil Chandra Reddy let the cat among the pigeons when he raised the hotly debated topic of FSI in Hyderabad. While Sreekanth Reddy asked the Hyderabad builders how they visualised the growth of real estate in Hyderabad, Reddy recounted that the Minister of Urban Development KT Rama Rao has exhorted builders and developers not to compare Hyderabad to other cities in India but to the top 25 cities in the world, as he aims to belong to that prestigious club.
In India, Hyderabad is the only city with FSI anywhere between 9 and 13, with an average hovering in the range of 6 to 7, whereas the national average ranges between 2 and 2.5. While developers like Nanda Kishore from Ramky Estates seemed bullish about the prospects of making Hyderabad among the top Alpha cities of the world, architects Ramakrishna Shenoy and Rajeev Sharma expressed concerns on sustainability. SP Reddy from Terminus Group equated Hyderabad’s offerings to those among the cities in the US and also lauded the government's delivery in support services.
Vidyadhar Rao, Director of Town and Country Planning (DTCP), Government of Telangana, and Secretary, RERA, presented the awards to architects and builders. He emphasisedupon the various initiatives taken by them to promote Hyderabad, which follows an unlimited FSI for the past 15 years, where developers can construct as per their choice. Referring to SP Reddy’s appreciation of the state government’s delivery in support services, he added that the government is coordinating the preparation of about 30 to 35 master plans, which have already been completed and are awaiting state clearance.
Stalwarts of the South – Hyderabad
(Alphabetically listed and in no order of ranking)
The CONSTRUCTION WORLD Design & Build Conclave and Awards were powered by Panasonic, with MS Agarwal Foundries as Conclave Partner; Co-Partnered by Bostik India; Associate Partner - TATA Pravesh& MYK Arment; Luxury Partner – Mercedes Silver Star; Knowledge Partner – REA INDIA - Housing.com; Association Partner – NAREDCO – Telangana Real-Estate Developers Association, Builders Association of India – Telangana, and Telangana Realtors Association.