hyderabad the state government will do all it takes to ensure that hyderabads real estate industry bounces back to normalcy soon said chief minister n kiran kumar reddy during his inaugural address at the vibrant cities for a vibrant economy summit held at hitex centre on saturday stressing on the importance of the sector which is one of the highest revenue grosser for the state the chief minister assured that the recent turbulence which had hit hyderabads realty growth would be addressed at the earliest the event was organised by the andhra pradesh real estate developers association apreda along with foundation for futuristic cities we are aware that a lot of nets protective covers on buildings with a glass facade put up in view of the t agitation have come up in the city of late we assure you that they will soon be gone reddy said trying to boost the confidence of the construction sector that the chief minister pointed out also generated maximum employment in andhra pradesh he even quelled concerns of developers with regard to go 45 that directs all builders to reserve 20 of developed land for economically backward classes and said that his government was in the process of reconsidering the order to make it more amicable for the industry we expect a report on the go from the appointed committee in the next 15 days we will ensure that the order is designed in a fashion so as to help the realty sector do well the cm further spoke about the governments efforts to construct the outer ring road orr and bring to the city the metro rail and said that the two developments would greatly benefit local construction firms as they would add to hyderabads infrastructure the hyderabad metro rail project is faced with some teething problems at present but we have full faith in the company lt and i am sure it will start work on the project soon reddy claimed adding we have also set aside a budget of rs 1000 crore for the beautification of the city which will be implemented once the rains recede speaking about affordable housing reddy said that it was important to provide homes to people from all sections of society and even appealed to buyers to invest in hyderabads property the t stir notwithstanding this is the best time to buy property in the city as rates have dropped significantly he said earlier the chief minister inaugurated the apredas twoday property show 2011 being held at the hitex exhibition centre that saw close to 190 realty firms from within and outside the city participate in it pointing to the huge success of the show apreda president p prem kumar said it is overwhelming to see so many developers come together to exhibit their work it will help buyers get a first hand experience of meeting leading real estate developers and financiers while expressing his gratitude to the state government for its support to the industry