Hyderabad: Hyderabad to be the host for India’s biggest Real Estate event “11th NAR India Convention & Expo”. The convention comes to Hyderabad for the second time. It will be held at HICC on 24th and 25th August this year.

Addressing a press conference here in the city today, Sumanth Reddy Arani, President—Hyderabad Realtors Association; President-Elect –National Association of Realtors—India said, the objective of this mega convention is to streamline and promote the profession of real estate and real estate brokerage in India so that we achieve transparency, accountability, fair dealing and ethical practices for overall good governance in the industry. The objective is also to promote ethical and standard business practices in real estate consulting.

Image of Real estate broker, who is now known as Realtor is not the same anymore. A career as a real estate broker is now highly valued and respected, he says.

Hyderabad plays a major role in realty sector in India. Two realtors from this city D. Sridhar Reddy and Vijay Saradhi has become its National Presidents. Now the third one Sumanth Reddy Arani is elected to be National President informed Shailender Singh, Chairman, NAR India convention.

Adding further he shared that there is a scarcity of Grade A Commercial Space in the Hyderabad city. The grade A Commercial space consumption is on the rise at 8mn Sft and inching towards Bangalore which consumer’s 13mn sft.

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