If you’re having trouble finding extra storage space in your home, you might want to consider using the sometimes disregarded space under your stairs. You can turn this area into a practical and fashionable storage solution that makes the most of every square inch of your house by using imaginative and useful staircase under space design ideas. In this blog, we’ll look at some of the most creative and beautiful staircase storage design ideas that can reduce clutter and make your home feel more organised.
Simple and Practical Under Stairs Storage Solutions
1. Design some Drawers:
If you are wondering how to use space under stairs, installing drawers below the steps is one of the most well-liked design concepts for stair storage. This is a great staircase storage design for anyone who wants to make the most of their storage space and hide clutter. It’s also a great option for anyone wanting to make their staircase more efficient while adding a touch of refinement.
2. Turn it in a Library
If you are someone who loves to be surrounded by the beauty of books, then think of utilising the under-stair storage space by creating a library area over there. You can use an aesthetic small storage wooden wardrobe and place some of your favourite books.
3. Create a Work Space :
If you work from home or simply need a quiet place to concentrate, think about setting up a workplace under your stairs. You may make this room into a comfortable and effective workspace where you can work quietly by adding some shelves, a desk, and lighting.
4. Additional Toilet:
The area under the stairs can be the ideal option if you’re having trouble finding a location for a basement bathroom. With a little plumbing work and some creativity, you can turn this space into a convenient and fashionable toilet space for visitors.
5. Decorate the Wall:
Consider adding some artwork or decorative items to the wall beneath your staircase if you’re searching for under-stairs storage ideas to give it some individuality. A stunning gallery wall, some shelves for your prized books or collectables, or even a statement piece of paint can be added to the room.
6. Add a Mini-Bar:
If you enjoy hosting parties, you might want to consider converting the area under your stairs into a mini-bar. You may design an attractive and useful area for serving beverages to your guests with a bar below staircase, a few shelves, a few bar stools and some lights.
7. Create Additional Seating Space:
If you don’t have enough seating in your living room, think about creating a comfortable lounging area under your stairs. You can create a peaceful area for reading, relaxing, or just hanging out with friends and family with a few cosy seats and some soft lighting.
Start by selecting cosy seating alternatives that fit the area under your stairs in order to create a welcoming and comfortable space. Think about your lighting selections as well as accents like pillows and blankets. Don’t forget to add cosy flooring, such as carpet or area rugs, to make the area comfy to walk on.
8. Your Breakfast Nook:
A breakfast nook beneath the stairs can be the ideal answer if you have a small kitchen. A modest table, a couple of chairs, and some lighting can be used to create a cosy spot for your morning coffee and breakfast. This is a fantastic way to make the most of the space beneath your stairs while also giving your house a useful and fashionable addition.
To make the room feel cheery and inviting, think about utilising vibrant colours and amusing designs. To make the space feel cosier, you may also add some ornamental accents like wall art or plants.
9. Create a Useful Closet:
Consider converting the area under your stairs into a walk-in closet if you’re having trouble finding room for your clothing or shoes. You may design a useful and fashionable closet that keeps your clothes arranged and accessible with a few hanging rods, shelves and drawers.
10. Add Some Plants:
Consider placing some plants in a row under your staircase if you want to add some greenery to your house or want to create an indoor garden under stairs. A lovely and natural sanctuary can be made in your house by combining hanging plants, potted plants, and vases.
In conclusion, you don’t have to waste the area under your stairs. You can maximise every square inch of your living space in your house by implementing some of these Under stairs design ideas. The area under your staircase can easily be converted into anything you want it to be, whether you want to add storage, a fashionable design feature, or a comfortable seating area. To make your home more elegant and organised, become inventive and start utilising this frequently ignored space.
Isha Tandon has worked as a flooring consultant expert in the architecture and interior design industry – specializing in tiles, stones, and terrazzo. She has worked with Orientbell Limited, a leading tile manufacturer in India, as a product development manager in the design team and has recently joined the marketing team as their digital content expert. Her experience comes in handy in understanding the audience as she creates value-driven functional & informational content for the readers. She creates lifestyle pieces that focus on interior design products, trends, and processes. She loves to travel to historic places with rich architecture.
IIFL Home Finance Ltd. (IIFL HFL), in collaboration with Asian Development Bank (ADB), organised its flagship event Kutumb which is an initiative to promote Green Affordable Housing in India. The event took place at India Habitat Centre, New Delhi on December 14th, 2021 with the presence of Mr. S.K. Hota (MD, National Housing Bank) & Mr. Nirmal Jain (Founder & Chairman, IIFL Group) as chief guests. The event also had speakers from development finance institutions (DFIs) such as Asian Development Bank and Proparco (an arm of Agence Française de Développement Group (AFD Group).
Under the project ‘Resilient & Green Affordable Housing for Economically Weaker Section (EWS) and Low-Income Group (LIG) categories in India’, IIFLHFL, with the support of ADB, will be hosting series of it’s flagship event ‘Kutumb’ at various locations across the country. The objective of Kutumb is to enable and support the green building ecosystem in the affordable housing sector in India. Kutumb, Delhi Chapter, titled ‘Climate Resilient & Green Affordable Housing in India’ focussed on affordable, low-carbon and resilient homes. The programme witnessed over 120 attendees, a mix of housing developers, financiers, subject matter experts and consultants.
Mr. Monu Ratra (ED and CEO, IIFLHFL) said, “The pandemic has brought in high consciousness towards green and sustainable construction amongst the developers, as well as the homebuyers. Also, considering buildings contribute around 35% of carbon emissions and with the vast majority of housing stock yet to be built in India, it is imperative to hold platforms such as Kutumb to build an ecosystem to foster green, sustainable and affordable housing in India.”
Sharing her views, Ms. Susan Olsen, Senior Investment Specialist for South Asia, ADB said, “Building climate-resilient and sustainable communities begins by giving access to affordable and green homes, particularly for lower income groups that are highly vulnerable to climate change impacts. IIFL HFL is our partner in broadening the scope of green affordable housing in India.”
The event witnessed discussions and deliberations between industry experts such as Priya Sunder (Senior Investment Officer, Asian Development Bank), Diane Jegam (Directrice Régionale PROPARCO Asie du Sud chez Proparco), nationally renowned architect Ashok B Lall (Principal Architect, Ashok B. Lall Architects), Mohua Mukherjee (Economist & Green Finance Professional, Independent Director, IIFL Home Finance Ltd.), Dr. Sejal Patel (Professor & Chair, Faculty of Planning, CEPT), Ravi Aggarwal (Co-founder & MD, Signature Global Group of Companies), and Saswat Bandyopadhyay (Project Director, CEPT). The event was conducted in a panel discussion format supported by presentations. The panels focused on subjects ‘Sustainable Finance in Affordable Housing’ and ‘Importance of Climate Resilience in Affordable Housing’ in India.
In the series of Kutumb, the next event is likely to be scheduled in Ahmedabad, in the first week of February, where IIFLHFL and ADB aim to bring together the affordable housing developers, planners, architects, consultants and potential homebuyers on one forum and address subjects relevant to green affordable housing in the area.
About IIFL Home Finance Limited:
Incorporated in 2006 and registered in 2009 with the National Housing Bank (NHB), IIFL Home Finance Limited is a wholly-owned subsidiary of IIFL Finance Limited. The Company is one of India’s leading housing finance companies and is a preferred choice for affordable home loan requirements. Through our affordable home loans, IIFL Home Finance makes people’s aspirations of owning a home a reality. As a technology-driven housing finance player, we endeavour to make our customer experience as seamless as possible. We have made the entire life cycle of our housing loans i.e., from origination to closure, completely digitized. We have managed this through our state-of-the-art IT infrastructure which has helped in reducing costs, enabled real-time analysis of customer data, and improved our control and underwriting functions, while increasing customer reach and distribution capability.
We operate a financially inclusive customer-centric lending business and strive to ensure that our business model contributes significantly to the upliftment of the EWS and LIG segments. As of March 31, 2021, 74.90% of our live accounts were from customers who belonged to the EWS and LIG segment. Through the provision of loans for the purchase of homes to a customer segment that is not serviced by the mainstream financial services sector and our employment of personnel in rural and semi-urban locations across India, we are fulfilling an important social objective of economic upliftment for these segments of the Indian economy.
We offer our customers a range of mortgage-related loan products, these include (i) housing loans, for purchase of ready built residential units, under-construction property by approved builders, self-construction, home improvement on pre-owned property, and purchase of land for construction of residential property; (ii) secured business loans, for primarily meeting working capital requirement, business use and purchase of commercial property; and (iii) affordable housing project loans, to meet construction expenses of affordable housing projects of reputed developers. For more details, please visit www.iiflhomeloans.com
Looking at the rising cases of Omicron variant in the country, M3M Foundation with support from Health Dept, Haryana Government and Doctors For You has started a free 100-bedded Covid Care Center at M3M My Den in Sector-67 Gurugram. Support seekers can avail the facility by contacting the free helpline number 0124-4085480. The center is fully equipped with all the medical facilities, doctors and medical staff.
“The cases of the Omicron are rising exponentially and swift collaborative actions are required to ensure the gains against the pandemic are not lost. The free Covid Care Center will support the patients in Gurgaon battling the disease and will be a great support to the people from various communities who don’t have access to medical care. Being a responsible organization, we will take every possible step to support the country, frontline workers and citizens in these testing times. I also want to thank the Health Dept, Haryana Govt for supporting us in this cause,” said Dr Payal Kanodia, Trustee, M3M Foundation.
It is noteworthy that M3M Foundation had previously established a 300-bedded Covid Care Center during the second wave of Covid which helped many patients combat the disease. The Center is a part of the organisation’s “Kartavya” initiatives that seeks to empower the underprivileged. Earlier, the M3M Foundation has also taken encouraging steps for food security by providing meals to more than 1 lakh beneficiaries since the onset of the pandemic across the country.
M3M Foundation, the philanthropic arm of M3M Group, is working towards bringing equitable development for attaining a brighter India. Education, environment, health, disaster management and socio-economic development are its key areas. The Foundation believes in taking an innovative approach to address social issues by developing self-sustained programmes.
CREDAI, the Confederation of Real Estate Developers’ Associations of India, the country’s apex body of private real estate developers, today announced the 11th edition of the Hyderabad Property show 2022. CREDAI senior leadership team comprising of Mr. P. Rama Krishna Rao, President, Mr. V. Rajashekar Reddy, General Secretary, Vice Presidents Mr. G Anand Reddy, Mr. K Rajeshwar, Mr. N Jaideep Reddy and Mr. B Jagannath Rao Treasurer Mr. Aditya Gowra, and Joint Secretaries Mr. K. Rambabu and Mr. Shivraj Thakur along with other EC members of CREDAI Hyderabad were present. The property show is planned to keep in mind all the COVID protocols, the same has been incorporated in the stall designs and exhibition layouts.
CREDAI Hyderabad Property Show 2022, the most credible property show, will be held from 11th to 13th February 2022 at Hitex, Hyderabad. The three-day property show will bring together all the member developers, material vendors, building material manufacturers, consultants, and financial institutions from across the city to exhibit the advances in the real estate sector under a single umbrella. The exhibition will showcase properties suiting every requirement and budget by the developers, providing consumers a chance to get the best options for home solutions in the twin cities. This year, the property show has bigger stall sizes, more open spaces, bigger corridors, a big Lounge for meetings because of the COVID protocols. The event will present only TS-RERA approved integrated townships, apartment complexes, gated communities, villas, green buildings with a special impetus on retail and commercial complexes.
Speaking on the occasion Mr. P Ramakrishna Rao, President, CREDAI Hyderabad, said, “The real estate sector in the vibrant city of Hyderabad has been robust and growing rapidly. The past two years were challenging for everyone. Hyderabad has emerged as a major centre for IT/ ITeS sector due to the presence of a rich talent pool, a rapidly evolving culture that welcomes people to make the city their home. Besides, the stable government and proactive governance bringing innovative policies like TS-iPASS and forward-looking Industrial Policy that encourages several marquee international companies to set and grow the industrial base in the city. Availability of ample, plug-n-play office infrastructure, at reasonable pricing, is further attracting more companies to set up office bases in the city. Moreover, the city is also a global hub for the pharma sector contributing to 1/3rd of the global vaccine requirement, besides BFSI and a robust services sector ensuring a stable employment ecosystem, rising income, and high aspirations of the younger generation, that is fuelling real estate markets. The average age of people investing in real estate currently is 35 years, significantly lower than the trend in the past few decades where the demography of the buyers was over 50 years of age. Even the demand for the size of the apartments is gradually increasing as Pandemic has forced a hybrid work culture. This is largely facilitated by the record low rates of interest on home loans and improved affordability due to stable real estate prices. To facilitate buyers, we are planning the CREDAI Hyderabad Property Show 2022 from 11th to 13th February at Hitex, to help the buyers identify the best TS-RERA approved projects in the city under one roof.”
He further added, “The vibrancy in the real-estate sector, and presence of large young population interested in purchasing the dream home in the city, it is also bringing in some unscrupulous players trying to sell non-RERA registered properties, increasing the risk for the gullible home buyers. We sincerely advise prospective home-buyers to make the most of the 11th CREDAI Hyderabad Property show to pick up the best TS-RERA approved projects in the city. We also invite the CREDAI members to book their stalls for the property show before we close the bookings. We also request the people to block their calendars from 11th to 13th February 2022 to visit and book their dream houses from the very best and most trusted developers in the city.”
Adding to this Mr. V. Rajashekar Reddy, General Secretary, CREDAI Hyderabad said, Hyderabad is a preferred global destination for business, particularly for largest business establishments for MNC’s and a rapidly growing local entrepreneurship ecosystem driving the growth and job creation in the city. Due to the proactive and industry-friendly policies of the Government of Telangana, large corporates such as Apple, Amazon, Microsoft, Facebook, Infosys, Google, TCS, Deloitte, IBM, and many more are located and expanding their bases in the city. In the near future, the city will be home to 3 datacentres with an approx. investment of Rs. 20,761 Crores by Amazon Data Services, A smart data centre by National Payments Corporation of India (NCPI), Global shared services centre by Goldman Sacs, Fiat Chrysler Automobiles (FCA) investing USD 150 Mn for their new Global Digital Hub in the city generating over 1000 jobs, besides Cybersecurity focused organization Cotelligent-a TechDemocracy company setting up a Cyber Warrior centre of excellence to train over 1000 cyber warriors from Hyderabad, and many more generating employments leading to the spurt in demand for Housing.”
He further added, “As a part of the initiative for promoting industrial growth in the state and creating a robust base and reducing dependence on specific sectors and focusing on decentralization of growth a Medical Devices Park, was set up with the objective of making India self-sufficient in medical devices, which play a critical role in the healthcare industry. Recently 7 companies opened their factories with an investment to the tune of Rs 265 crore leading to the generation of around 1,300 jobs. Hyderabad today has a comprehensive ecosystem for aerospace and defence industry, electronics, and pharma sector. It is an attractive and ideal destination for the industry to set up their base as well as expand their operations. With many such initiatives, the city and the state will continue to witness stable and robust growth in the future. The government has plans to set up a 340 Km Long access-controlled expressway (RRR) besides the expansion of the metro rail network, build more airports to further improve connectivity, and spread the growth across the state, creating opportunities for the Real Estate sector. The city has seen the highest number of launches for residential and commercial real estate, backed by rapid absorption in the last quarter. These developments will further accelerate the growth and the 11th edition of CREDAI Hyderabad Property show from 11th to 13th February 2022is the best opportunity for the home buyers to pick up the best TS-RERA approved projects in and around Hyderabad.”
Please visit the CREDAI Hyderabad Property show 2022 @ Hitex from 11th to 13th February 2022.
About CREDAI: The Voice of India’s Real Estate Industry:
The Confederation of Real Estate Developers’ Associations of India (CREDAI) is the apex body for private real estate developers in India. CREDAI represents over 12,500 developers through 205 city chapters and 21 state federations. Its numerous initiatives and activities help developers come together and work towards better practices, improved customer service and a stronger realty industry.
Confederation of Real Estate Developers Association of India (CREDAI) – Telangana (CREDAI) Telangana organizes the first ever TS Conclave. The event was inaugurated by Hon’ble Governor of Telangana,Dr. Tamilisai Soundararajan in the presence of Mr. G Ram Reddy, Vice President, CREDAI National,Mr. Ch. Ramchandra Reddy, Chairman, Mr. D. Murali Krishna Reddy, President, Mr. E. Premsagar Reddy, President-Elect, Mr. K. Indrasena Reddy, Secretary, CREDAI Telangana along with the other office bearers, bureaucrats, members & dignitaries. A lifetime achievement award was presented to Mr. Rameswar Rao Jupally, Chairman of MyHome Group for his outstanding contribution to the development of the Real Estate sector in Telangana.
The goal of CREDAI TS CONCLAVE – 2021 is to educate the builder community in the state’s 14 chapters and 800 members on Standard Operating Procedures (SOP’s) and checklists to ensure adherence to the mandated norms. Abook developed by CREDAI Telangana on SOPs by Mr. Arvind Kumar, Special Chief Secretary, MAUD, Govt of Telangana, to be followed by members was unveiled at TS Conclave followed bya session on Government policies for real estate.Mr. Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departmentsof the Telangana Government, delivered a speech on Telangana – Equipped for the Future; Setting and Surpassing Benchmarks, and released a report on Telangana – A state on the move by ANAROCK, a leading real estate consulting firm. It was followed by a panel discussion on Innovation and Technological advancement in construction technology, chaired by Dr. Ramana Rao, JNTU to assist members leverage them for more efficient construction. Finally, a session was organized with a panel of leading banks to discuss the nuances of Project finance and Home loans.
Speaking on the occasion Mr.Ch. Ramchandra Reddy, Chairman, CREDAI Telangana said, “CREDAI being the voice of real estate industry’s collaborates closely with the government in the development of real estate policies and guidelines at both the state and national levels. Telangana has been in the forefront of real estate reforms, with initiatives such as TS-bPASS, a single-window approval process for real estate developments, and ‘DHARANI,’ a government-run integrated land record management system. This has sparked expansion throughout the state, increasing demand for real estate projects. TS-CONCLAVE 2021 is designed to assist member developers, particularly new members, throughout the state with the complete process, approvals required to undertake a real estate project under TS-RERA, understanding project finance nuances, and accessing the latest technologies to improve the quality and speed of construction. The development of major infrastructure projects such as the industrial corridors, regional ring road, and mega irrigation projects to aid agriculture is expected to provide further impetus to the state economy. This will enable uniform growth opportunities across the state, create balanced employment clusters and result in the demand for real estate as well as other inspirational products and services. It is not far to foresee that the state of Telangana will soon be a preferred destination for businesses across the sectors and people from far and wide will look to make this state their home.”
Adding to this Mr. D. Murali Krishna Reddy, President, CREDAI Telangana said, “In the fiscal year 2020-21, Telangana added 46,489 new employments in the IT sector, with a 2.5-fold increase in indirect job creation. Over 1.5 lakh employment were also created in the electronics industry. To bring in investment opportunities and encourage the growth of start-ups across the state, TSIIC has created 10 Industrial Parks and granted 810 acres to 453 enterprises. Telangana now accounts for 5% of the national GDP and is India’s second-largest exporter of information technology. In the fiscal year 2020-21, the state saw a 13 percent increase in IT/ITeS exports in the country, reaching a new high of INR Rs 1.45 lakh crore, up from Rs 1.28 lakh crore the previous year. The demand for real estate in the state has risen dramatically as a result of this. There are more than 1,500 IT-ITeS organizations including several marquee international companies that have made Telangana their operational base. This has been possible because of the ready infrastructure in the urban centres and the large availability of plug-n-play office spaces at sub-dollar rentals, making it the most competitive across the world. The presence of a rich talent pool and a rapidly evolving culture that has warmly received employees from across the country acts as a key enabler to attract global companies to set up their base and expand in Telangana. This has been possible due to the efficient law & order, quality healthcare, and a good standard of living offered by the state. This is definitely driving the growth in the Real Estate sector, a fact highlighted in the report released today.”
According to Sri E. Premsagar Reddy, President-Elect, CREDAI Telangana, “The agriculture sector in Telangana was the least affected during the pandemic owing to the robust infrastructure and policy support. It can be substantiated by the exponential growth of agriculture and allied sector by 20.9 % in 2020-21 despite the pandemic. While agriculture production was not hampered severely, farmers faced several challenges in transportation as the physical movement of goods and services was restricted during the pandemic. This has resulted in a robust rural economy and therefore a spurt in demand for the real estate. The state’s overall development has resulted in a higher need for more real estate projects. A number of new people have taken advantage of this opportunity to get into real estate. These new players frequently sell UDS / non-RERA certified projects due to a lack of awareness and understanding, generating unwelcome disruption in the real estate market. We hope the book on SOP’s released at the TS-CONCLAVE will help as an effective checklist for the developers to ensure compliance to all the required guidelines by the Government while undertaking a project.”
Elaborating about the TS-CONCLAVE Mr. K. Indrasena Reddy, Secretary, CREDAI Telangana said, “ TS-CONCLAVE was a effort by CREDAI Telangana to bring developers across the state on the common platform, equipping the members with the SOP’s while initiating the project, understanding the nuances of finance and get updated on the latest technologies and innovation in construction. The sessions with key members in the business, academia and civil administration would have enlighten the delegates to make the most of the opportunities as TS is on the move with proactive governance and policies. Since the formation of the state, a steady focus has led to emergence of a strong IT,ITeS industry employing over 6.3 lakh people, is now expanding to tier II cities like Warangal, Karimnagar, Nizamabad and others bringing about a decentralized growth. Pharma and health care sector has a received a major impetus with specialized clusters like Pharma City, Genome valley and medical devices park will further drive economic activity in the semi-urban centres of the state. Mega irrigation projects are helping drive the rural income and ensuring a rapid growth in the state. GDSP for TS has registered an average growth of 8.9% with lowest unemployment rate and steady growth and a per capita income being 1.78 times higher than the national average. The job growth in the state has been 7.99% in 2020-21 compared to the previous year and is expected to grow steadily. This will definitely cause a rapid increase in the demand for real-estate. We are hopeful that initiatives like TS-CONCLAVE will help equip the developers community across the state to be better-equipped to leverage the opportunities.”
Confederation of Real Estate Developers Association of India (CREDAI) – Telangana, the country’s apex body of private real estate developers announced the 1st edition ofCREDAI TS CONCLAVE – 2021at HICC, Hyderabad on 23rd December 2021. It will be followed by the 3rd edition of CREATE awards, toidentify and celebrate winners amongst the realtors of Telangana who inspire and promote best practices and champion the feat of creating value, delivering quality, and bringing innovation to the front foot with regards to the Real Estate in Telangana.The renowned research and rating agencyCRISILwill be the knowledge partner for CREATE 2021 and provide detailed reports to the jury to identify the best projects across categories.The event will be conducted by Sri Ch. Ramchandra Reddy, Chairman, Sri D. Murali Krishna Reddy, President, Sri E. Premsagar Reddy, President-Elect, Sri K. Indrasena Reddy, Secretary, CREDAI Telangana along with the other office bearers, members & dignitaries.
CREDAI TS CONCLAVE – 2021is envisaged to educate the builder fraternity across the 14 chapters and 800 members in the state on the standard operating procedures (SOP’s) and checklist to ensure adherence to the prescribed norms. A book, compiled by CREDAI Telangana on SOP’s to be followed by members will be unveiled on the occasion. The leading real estate consulting firm ANAROCK will be the knowledge partner for STATECON 2021, and will work closely with CREDAI Telangana to release a special report on the ‘Future of Real Estate in Telangana’.STATECON 2021 will also host technical sessions on the latest global innovations in construction technology to help members leverage them for efficient constructions.
Speaking on the occasion Mr.Ch. Ramchandra Reddy, Chairman, CREDAI Telangana said, “CREDAI is the voice of the real estate sector and works closely with the Government in the formulation of the policies and guidelines for the real estate sector both at state and national level. Telangana has been at the forefront of reforms in the real-estate sector, the initiatives like TS-bPASS, a single window process for approval of real estate projects, ‘DHARANI’ an integrated land record management portal by Govt. of Telangana is helping clearly define the land records and streamline revenues. These measures are facilitating the ease of doing business. Thevisionary and proactive policies of the state government are helping attract fresh investments in the state across industries, helping rapid urbanization, job creation and growth. A systematic approach towards the Agri Sector throughKaleshwaram project, increasing the Agri-area, and support throughRythuBandhu Scheme, is helping improve the sector and boost the rural economy. Apart from IT,ITeS, industries, the resilience of the Telangana economy is aided by agriculture and allied sectors, which are growing by a robust 20.9% as against the 3% growth at the national level. This has triggered the growth across the state, promoting the demand for the real estate projects.TS-CONCLAVE 2021 is planned to help the member developers, particularly new members across the state get the undertaking of the complete process, approvals required to undertake a real estate project under TS-RERA, understand the nuances for project finance and access the latest technologies to improve the quality and speed of construction. We invite more and more members from across the state to participate in the TS CONCLAVE 2021 and reap the benefits in their ventures.”
Adding to this Mr. D. Murali Krishna Reddy, President, CREDAI Telangana said, “Since the formation of the state of Telangana, the dynamic and visionary leadership with proactive governance has helped Telangana take rapid strides in development. The state leads the country in terms of office space absorption, fresh investments leading to job creation. Telangana had added additional 46,489 new jobs in the IT sector and 2.5 times increase in providing the jobs indirectly in the FY 2020-21. Electronics sector also created over 1.5 lakh jobs. TSIIC has developed 10 Industrial Parks and allotted 810 acres to 453 industries to bring in investment opportunities and boost the start-ups’ growth across the state.. Telangana is contributing 5% in the National GDP and became the 2nd highest contributor to India’s IT exports. State registered a 13% annual growth in IT/ITeS Exports in the country with a record high of INR Rs 1.45 lakh crore in the FY 2020-21, as against Rs 1.28 lakh crore in the previous year. This has given a major impetus to the demand for the real estate sector in the state. The developers are geared up to the challenge and working meticulously to service the increased demand for real estate. In an attempt to recognize the efforts of our member developers, we are happy to announce the 3rd Edition of CREATE Awards, to recognize the outstanding contributions, innovations and commitment displayed in the trying times of COVID-19 to set new benchmarks for the industry along with the TS-Conclave.”
According to Sri E. Premsagar Reddy, President-Elect, CREDAI Telangana, “The overall development in the state has triggered an increased demand for more real estate projects. A lot of new people have used this opportunity to foray into real estate ventures. Due to the lack of awareness and knowledge, these new players often sell UDS / non-RERA approved projects, causing unwanted disruption in the real estate market. CREDAI mandates all members to follow the ethical code of conduct and adherence to the prescribed guidelines by the authorities. In an effort to help the new developers we are launching a book on SOP’s for the project outlining the steps to be followed from the NOC to Conceptualization to Handing over of the project to the purchaser. We hope this will help the new-entrants get a checklist to follow, adhere to the guidelines and deliver good quality projects, helping bridge the demand supply gap.”
Elaborating about the TS-CONCLAVE and CREATE awards Mr. K. Indrasena Reddy, Secretary, CREDAI Telangana said, “Since the formation of Telangana State, the state has witnessed rapid growth in business, infrastructure development and job creation. Last year about US$84 Billon were remitted in India from the US, major portion of this investment has been directed towards the Real Estate Sector, particularly in cities like Hyderabad. The unique single window industrial policy by the state has attracted Rs. 2.14 lakh crore in investments creating 1.56 million jobs. TS RERA has issued 2,700 permissions since June 2018, which will not be sufficient to meet the demand for housing in the state as the state continues to attract fresh investments across sectors.This is resulting in the spurt in demand, increase in price for the real estate in Telangana. Some in-experienced people are trying to make the most of the situation and misusing the opportunity by following unethical practices. They must be checked. At CREDAI Telangana we believe ‘Complaining is the language of the children and contribution is the method adopted by the enlightened and responsible’, therefore we are working with the Government to frame set of rules and guidelines to streamline the industry, introduce measures to identify, penalize and remove unscrupulous elements and ease the bottlenecks in the industry. At the forthcoming TS-CONCLAVE @ HICC on 23rd December 2021 we will release a SOP book for the developers, a guideline on the processes to be followed and approvals required.We will also partner with ANAROCK to release a report on the Future of Telangana State. CREDAI Telangana will also release a handbook on new innovations and technologies in construction to help members be more systematic and efficient in business.”
The Award Categories- Hyderabad Chapter
Standalone Apartment Project having each unit costing up to Rs. 100 Lakhs
Standalone Apartment Project having each unit costing above Rs. 100 Lakhs
Non-Multi storeyed Gated community Apartments having each unit costing up to Rs. 100 Lakhs
Non-Multi storeyed Gated community Apartments having each unit costing above Rs. 100 Lakhs
Multi stored Gated community Apartments having each unit costing up to Rs. 200 Lakhs
Multi storeyed Gated community Apartments having each unit costing above Rs. 75 Lakhs
Villas / Row House having each unit costing up to Rs. 250 Lakhs
Villas / Row Houses having each unit costing above Rs. 250 Lakhs
Office/commercial Standalone Building having less than 1 lakh sqft super built-up area.
Office/commercial Standalone Building having more than 1 lakh sqft super built-up area
Shopping Complex / Multiplex
Affordable Housing project up to 45 lakhs per Unit