Real estate activities should spread to surrounding areas of Hyderabad: KTR

Hyderabad, Jan 31: Telangana Municipal Administration and Urban Development (MA&UD) Minister KT Rama Rao on Friday said that the real-estate activities should spread to the surrounding areas of the state capital instead of the particular area.

Speaking after inaugurating a three-day 9th Edition of Confederation of Real Estate Developers’ Association of India (CREDAI) Hyderabad Expo at Hitex in Madhapur here, Mr Rao said that the state government under the leadership of Chief Minister K Chandrashekar Rao was taking several steps to improve infrastructure in the state.

As part of it, the state government has taken up Strategic Road Development Plan (SRDP) with an investment of Rs 6000 crore. As much as Rs 250 crore was also spent for Missing Roads and Link Roads, he added.

The Minister said the government was also encouraging Real Estate activities in western parts of Hyderabad (Hi-Tech City), Northern, Eastern and southern sides of the state capital, Tier-I and Tier-II cities by extending subsides and necessary infrastructure.

“The State government will implement the TS-bPass, the TS Building Approval and self-certification system very soon. It will be more transparent and time-bound like the Telangana State Industrial Project Approval and Self-Certification System (TSiPASS). 
The government is also planning to construct an 11 km Metro Corridor from Jubilee Bus Stand (JBS) to Mahatma Gandhi Bus Stand (MGBS).
T-Hub Phase-II and Metro Phase-II, all these will boost real estate sector in the state”, Mr Rao maintained.

He said that several workers from other states were participating in construction works in Telangana. At the same time, our state workers are working in other counties including Dubai. Keeping in view of ample opportunities in the state, the Chief Minister will soon visit Dubai and other Gulf counties to invite our workers to the state.

Assuring to extend all possible help to the Real-Estate activities in the state, the Minister asked the builders to adopt world-class technologies to check pollution and prevent accidents while constructing buildings.

He also urged the CREDAI to set up Skilling Institute in association with the state government. It would help to skill the workers including plumber, electrician and painters.

Asking CREDAI to take necessary steps for utilizing re-cycling water for the construction, Mr Rao asked the builders to focus on building elevation. It would bring laurels to the state, he said.

Excise and Sports Minister V Srinivas Goud urged the builders to extend their support to develop stadiums in the state. He also asked them to support sportspersons by sponsoring them.

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