Municipal Administration Minister KT Rama Rao assured the developers in Hyderabad that the government will take all necessary steps to improve the real estate sector, which is one of the largest employment generating sector. The government was aware of challenges that were faced by developers during Covid-19 pandemic and planned to take supportive steps to protect builders as well as construction workers.

Support Measures to Strengthen Real Estate Sector

In a meeting with representatives of various developers and builders associations of the city, Minister KTR stated that the Hyderabad had been on the development path for the last six years and that the construction sector had contributed a great deal to this.

Several measures have been taken by the government to develop Greater Hyderabad, and many contractors, as well as developers, have helped migrant workers during the Covid-19 crisis. Unlike other metros in the country, the situation in Hyderabad is still better and the impact on the various sectors is not distressing. The Telangana government is planning to use this opportunity in some sectors like a pharmacy.

Telangana government is planned to take more supportive measures for the continued development of Hyderabad metropolitan region. It was committed to enforce the new Municipal Act strictly and warned that the action would be taken on builders for dumping trash in lakes and water bodies.

The developer’s associations raised issues like easing of building & layout permits, master plans and cement rates. The assurance was given to builders that the government would consider their requests positively and discuss with cement manufacturers on prices. Also, discussions would be held with Telangana Mineral Development Corporation officials about the availability of sand and make sure for the sufficient availability for stocks of sand.

The government special measures for supporting the builders would address the crisis in the real estate sector in Hyderabad and revive the industry to a certain extent.

By: Shailaja K