Tag Archives: Andhara Pradesh

Hyderabad realtors hopeful of mandatory clause relaxation

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Hyderabad, Andhara PradeshHyderabad realtors are expecting the government to announce a revision in the mandatory quota for low income groups and the poor pegged at 20 per cent for big plots now that the by-polls are over.

Ever since the quota was announced in January last year, practically all the big housing projects coming up over one acre plots had come to a grinding halt. Local bodies, be it the municipal corporations or the urban development authorities had stopped receiving applications for such projects.

Builders had lobbied rather successfully with the government to have a rethink on the policy pointing out that none of the cities in the country were following it in letter and spirit. A high-powered committee of senior officials of the municipal department had revisited the policy and come out with quite a few concrete suggestions.

Hectic parleys continued nevertheless at the ministerial level till it reached Chief Minister N Kiran Kumar Reddy‘s table. According to sources it was then decided that some kind of relief had to be provided from the mandatory clause since the developers had raised their hands.

It appears that now the government has decided to accept some of the suggestions made by the officials’ panel and also tweak a couple of them so as to make it acceptable to the developers. These include enhancing minimum plot size which has to follow the policy to 2.5 acres from the one-acre limit and five per cent each of built-up space or units to the LIG/EWS instead of 10 per cent each.

Alternatively, it may allow the developers to build these units within a five kilemetre range from the municipal corporation or urban planning body limits. Quite interesting since the earlier proposal was to permit the developers to build the mandatory units within a 10 km range from the sanctioned project site. Developers were demanding permission to build the units 10 km away from the city boundaries.

Real estate analysts in the city, however, are not sure if these relaxations would provide any succour to the developers since many large projects are slated to come up in plots anywhere between eight and 10 acres at least in the state capital. The pricing of LIG/EWS units and selection of beneficiaries too has to to be sorted out, though the panel has suggested measures on these issues too.

Hyderabad master plan deadline extended

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Hyderabad, Andhara PradeshFollowing demands from different quarters and to facilitate more discussion and debate on the Draft Development Plan for Hyderabad Metropolitan Region, the last date for objections and suggestions would be extended by two months.

The Hyderabad Metropolitan Development Authority (HMDA) Commissioner, Rajeshwar Tiwari told a workshop organised in the city on Saturday, September 11, that they had decided to extend the deadline by two months. “We want to give more time, we want more suggestions from all stakeholders and if required, we will extend it further too,” he said.

The workshop on Draft Master Plan was organised by Confederation of Real Estate Developers Association of India (CREDAI)-Hyderabad in association with the Institute of Town Planners, India- A.P. Regional Chapter (ITPI-APRC).

The Hyderabad Metropolitan Region population was expected to go up to 1.84 crore by the year 2031 and those living here would be demand every civic amenity. “There will be pressure on water supply, roads and there will be issues of environment, solid waste management and so on. We have to visualise all these for the development plan,” Tiwari said.

In his address, B.R.Meena, Vice-Chairman and Managing Director, APIIC, observed that the growth of a city in a way depends on industrial activity and Hyderabad has huge potential in the form of IT, pharmaceuticals, automobiles, defence production and aerospace.

Industry was an important driver for growth of a city and one has to be sensitive to the point that industries have to be accommodated.

The Hyderabad Metro Rail Managing Director, N.V.S. Reddy, underscored the fact that better air quality and better quality of life in a city could be ensured through good mass public transportation.

Citing the example of the US, he said the Outer Ring Road (ORR) had huge potential to bring in investment and development.

Highlighting the draft stage of a Master Plan, B.Purushottam Reddy, Chairman, ITPI-APRC, said that public participation was very crucial as the exercise ultimately was meant for all. However, he added, “Let there be constructive criticism and not criticism just for the sake of criticism”.

K. Dhananjay Reddy, GHMC Additional Commissioner, called upon all stakeholders to join in the exercise at this stage of the Master Plan to avoid the possibilities of having to tinker it later.

He also suggested sectoral-wise discussion covering travel and transport, land use patterns and so on to be able to generate better debate and discussion.

The CREDAI-India Vice-President, C.Sekhar Reddy assured active participation of the confederation members and said that Hyderabad Metropolitan Region was poised for growth and necessary issues such as environmental sustainability need to be pondered upon.

In his address, G.Yoganand, President, CREDAI-Hyderabad sought to put focus on key deterrents of quality of life which included water supply, public transportation, parks and open spaces.

Officials from different civic bodies, representatives of non-government organisations and students of architecture and planning also participated in the workshop.