Hyderabad's Real Estate Boom: A Brighter Future Ahead
Greater Hyderabad witnesses significant growth in real estate sector under Congress government, with a rise in property registrations and building permits.
Real EstateHyderabadCongress GovernmentProperty RegistrationsBuilding PermitsReal EstateJul 10, 2024
This growth is a testament to the confidence of investors and buyers in the Congress government's policies and initiatives. The total number of property registrations in the last seven months has reached 2,18,160, a 12.5% increase from the previous year. Additionally, approximately 54,111 flats were registered during this period, surpassing the 50,535 registrations during the same timeframe in the previous year.
Real estate experts attribute this growth to the Chief Minister A. Revanth Reddy's proactive approach to resolving land acquisition issues, which has paved the way for projects like the Musi riverfront development, metro rail expansion, and construction of the Rajiv Rahadari elevated corridor. The state government's focus on extending the city up to the regional ring road (RRR) has also created a favorable environment for the real estate sector.
Moreover, the Hyderabad Metropolitan Development Authority (HMDA) and Greater Hyderabad Municipal Corporation (GHMC) have issued 18,077 building permits in the last six months, indicating a steady stream of new projects and developments. This growth momentum is expected to continue, with the Congress government's commitment to infrastructure development and investor-friendly policies.
As the city continues to grow, the real estate sector is poised to play a vital role in shaping its future. With a focus on sustainable development and urban planning, the Congress government is creating an environment that is conducive to growth and investment.
Information
The Congress government, led by Chief Minister A. Revanth Reddy, has been instrumental in driving growth and development in the state of Telangana. The government's focus on infrastructure development, urban planning, and investor-friendly policies has created a favorable business environment, attracting investments and driving economic growth.
The Hyderabad Metropolitan Development Authority (HMDA) and Greater Hyderabad Municipal Corporation (GHMC) are responsible for ensuring the sustainable development of the city, through effective planning and management of resources.
Frequently Asked Questions
What is the total revenue generated from property registrations in Hyderabad between December 2023 and June 2024?
Rs 4,670.52 crore
What is the percentage increase in property registrations compared to the same period during the BRS regime?
12.5%
How many building permits were issued by GHMC and HMDA in the last six months?
18,077
What is the name of the elevated corridor being constructed in Hyderabad?
Rajiv Rahadari elevated corridor
What is the focus of the Congress government's policies in Hyderabad?
Infrastructure development, urban planning, and investor-friendly policies
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