Boosting Realty Affordability: Experts Call for Policy Shifts and Infra Improvements

Industry experts emphasize the need for policy changes and infrastructure development to address affordability issues in the real estate market.

Real EstateAffordabilityInfrastructurePolicy ShiftsHyderabadReal Estate NewsJun 16, 2024

Boosting Realty Affordability: Experts Call for Policy Shifts and Infra Improvements
Real Estate News:The real estate market in Hyderabad is facing a significant challenge when it comes to affordability. According to experts, the state government needs to take policy decisions to address the rising land prices in the open market. Shekhar Reddy, national vice chairman of CII India Green Building Council, emphasized the need for a multi-use land policy to stabilize prices. Rajasekhar Reddy, president of CREDAI, highlighted affordability issues, stating that the government must promote housing for all by identifying and supporting good locations. Experts also stressed the importance of infrastructure development, including the completion of the regional ring road and new township policies, to ensure continued growth for developers. Improved infrastructure and connectivity, such as a skyway along the Musi and an elevated corridor from Kukatpally to the city, are also essential for the city's development. Despite concerns over high housing loan interest rates, the sector's strength is evident, with Hyderabad's real estate sector being the top contributor to Union Bank of India's balance sheets.

Frequently Asked Questions

What is the main challenge facing the real estate market in Hyderabad?

The main challenge is affordability, due to rising land prices in the open market.

What is the proposed solution to stabilize prices?

Experts suggest the adoption of a multi-use land policy.

What is the importance of infrastructure development in the real estate market?

Infrastructure development is essential for the city's growth, including the completion of the regional ring road and new township policies.

How is the real estate sector performing in Hyderabad?

The sector is strong, with Hyderabad's real estate sector being the top contributor to Union Bank of India's balance sheets.

What is the need for incentives in the real estate market?

Incentives are needed to encourage development beyond the western corridor and promote housing for all.

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