The world of Telangana, Hyderabad, in particular, is continuously changing: real estate development here has a decisive role to play. With more and more builders looking to launch residential and commercial projects, the state government of Telangana has stridden ahead with a solid step to ensure that legit real estate projects are developed without letting environmental safety take a back seat.
Recent rumours that appeared in various sections of the press that the Hyderabad Metropolitan Development Authority was all set to pull down several projects lined up for demolitions have been confused and widespread, especially regarding units being constructed along lakes and water bodies. Telangana chief minister, however, rebuffed the news, stating that a legitimate sanctioned project has no reason to fear, which goes on to highlight the resolve of the government to safeguard validly sanctioned real estate ventures.
In this blog, we will see what the Telangana government has to say about real estate policy, how it welcomes developers of projects done with proper permissions, and to what extent it cares for the environment.
The Telangana government has formulated regulations that are supposed to control the high-speed expansion of the state. It wants to design real estate development that is responsible and friendly to the environment. The main aim is to balance the need for development with the conservation of the environment, mainly in flood-prone zones and water bodies. These policies emphasize the following:
The Hyderabad Metropolitan Development Authority (HYDRAA) is entrusted with enforcing regulations regarding developments near water bodies around Hyderabad, primarily to prevent encroachments from going unchecked. Recently, it has been reported that there is this notion that HYDRAA would go about tearing down all properties near lakes. This notion itself is raising unnecessary panic among developers and residents. The Telangana CM has clarified that only such illegal structures and encroachments that are proven flood-prone will be removed.
Legitimate permissioned projects, especially those correctly passed through the various stages of approval, are safe. This program protects residents by safeguarding them against hazards while upholding responsible land use. HYDRAA should, therefore, target illegal developments instead of interfering with authorized projects that comply with the environment.
Telangana Chief Minister Revanth Reddy announced that no construction, as long as it has a valid permit, would be demolished to assuage the phobias of the builders and buyers. He referred to the perpetrators of the rumour-mongering as "economic terrorists" trying to terrify the realty sector to no end. The CM had once again reminded the government of its commitment towards genuine builders and developers, saying that every investment in such lawful projects has nothing to lose.
In this context, the CM reiterated that Telangana welcomes a disciplined realty market and does its best to ensure that only illegal, encroaching buildings are demolished. This practice would be in the interest of the government and developers, and confidence will surely be reposed in the minds of property buyers and investors.
Indeed, for legitimate builders in Telangana, especially those involved in larger housing projects and commercial developments, this assurance from the CM signals that the government is on their back for long-term and sustainable growth. Key points to illustrate the stand of the government for genuine real estate projects:
The GHMC has set rules for real estate development, making the process straightforward for obtaining legally valid permissions. Builders seeking approval from the GHMC must abide by Telangana construction rules in all aspects of structural safety, environmental sustainability, and community welfare. Among these include:
The Telangana government has declared its intention to promote real estate growth without harming environmental sensitivity. It curbs developmental activities in river beds and flood-prone areas, which would benefit the ecology and future population by mitigating natural disasters. This sustainable growth policy thus caters to the GHMC's overall task of maintaining an organized and safe environment for Hyderabad's urbanization.
This provides a sense of peace for homebuyers as well, and homebuyers and developers get a sure-shot investment. The government's assurance gives buyers the confidence that once GHMC approves any property, it will be safe from demolition. Builders can assure long-term stability and avoid getting their projects labelled as encroachments.
The construction regulations in Telangana are designed with safety and responsible real estate development in mind. The most essential characteristics of this policy are:
Candeur Lakescape, Hyderabad, is a classic example of a project that is completely parity with Telangana's real estate and environmental policies. It is not within the Full Tank Level (FTL) of any lake or water body. This fact was established through GHMC's Gopi Cheruvu Lake survey markings. Candeur Lakescape has exceeded the measures to safeguard distances from restricted areas while completing every construction regulation.
The design of this project reflects a commitment to maintaining the natural ambiance and preserving the natural environment. It strictly adheres to the Telangana environmental guidelines. The very attitude in this respect has been an essential part of Candeur Lakescape's larger vision of responsible development in its operations as aligned with governmental and ecological standards.
The Telangana government has shown adequate protection to legally approved real estate projects and has removed apprehensions that some fake projects will likely be demolished near lakes and water bodies. Environmentally sound and compliant real estate projects are safeguarded by definite policies and a strict enforcer in the form of bodies like GHMC and HYDRAA.
The latest clarifications by the CM of Telangana served as a further assurance to the developers, realtors, and property buyers that removal would only be on illegal encroachments. Projects like Candeur Lakescape, which toe the GHMC line and are on the right track with environmentalism, set the examples for responsible real estate development in Telangana.
A balanced approach of encouraging real projects while cracking down on illegal encroachments ensures that Telangana's real estate sector has a safer, more sustainable future.
