Hyderabad's Real Estate Sector Experiences 29% Growth Amid Negative Publicity

Hyderabad, Dec 3 (PTI) Despite facing negative publicity, the real estate sector in Hyderabad has grown by approximately 29% from April to November this year, compared to the same period last year when the BRS was in power, according to Chief Minister A R

HyderabadReal EstateGrowthNegative PublicityInfrastructureReal EstateDec 03, 2024

Hyderabad's Real Estate Sector Experiences 29% Growth Amid Negative Publicity
Real Estate:Hyderabad, Dec 3 (PTI) Despite the negative publicity surrounding it, Hyderabad’s real estate sector has witnessed a significant growth of about 29% from April to November 2024, as compared to the same period last year. This remarkable achievement was highlighted by Chief Minister A Revanth Reddy during the inauguration and laying of foundation stones for several Municipal Administration and Urban Development projects.Revanth Reddy emphasized, “Despite the negative publicity that claimed the real estate sector in Hyderabad was affected, I want to inform the people of Telangana that the sector has grown by about 29% from April 1, 2024, to November 30, 2024, compared to the same period last year. This growth reflects our unwavering commitment to Hyderabad's development and progress.”The Chief Minister also took a dig at the state BJP chief, G Kishan Reddy, challenging him to bring in funds from the Centre for the state’s development. “If G Kishan Reddy is really sincere about the state’s development, he should bring in funds from the Centre,” Revanth Reddy said, adding that a substantial amount of Rs 1.50 lakh crore is required to fully develop the city’s infrastructure.Revanth Reddy further warned about the strict enforcement measures against encroachments. “The Hyderabad Disaster Response and Asset Monitoring and Protection Agency (HYDRAA) will become a nightmare for those who have encroached upon ‘nalas’ and lakes. We are committed to maintaining the city's environmental integrity and ensuring sustainable development,” he stated.The rapid growth of Hyderabad’s real estate sector can be attributed to the city’s strategic location, robust economic growth, and a favorable investment climate. The government's proactive measures and initiatives have played a crucial role in attracting both domestic and international investors, contributing to the sector’s robust performance.Hyderabad, known for its IT hubs, is gradually transforming into a multifaceted city with a strong focus on real estate, infrastructure, and urban development. The city’s infrastructure projects, including the development of roads, airports, and public transport, have further enhanced its appeal as a preferred destination for real estate investments.In conclusion, the 29% growth in Hyderabad’s real estate sector is a testament to the city’s resilience and the government’s dedication to fostering a conducive environment for business and development. As the city continues to evolve, it is poised to become a leading real estate market in India, attracting more investments and driving economic growth.

Frequently Asked Questions

What is the percentage growth in Hyderabad's real estate sector from April to November 2024?

Hyderabad's real estate sector grew by approximately 29% from April to November 2024, compared to the same period last year.

Who is the Chief Minister of Telangana who highlighted this growth?

The Chief Minister of Telangana who highlighted this growth is A Revanth Reddy.

What challenges did the Chief Minister pose to the state BJP chief?

The Chief Minister challenged the state BJP chief, G Kishan Reddy, to bring in funds from the Centre for the state's development if he is really sincere about it.

How much funding is required for the full development of Hyderabad's infrastructure?

A substantial amount of Rs 1.50 lakh crore is required to fully develop the city's infrastructure.

What agency has been set up to monitor and protect the city's assets and respond to disasters?

The Hyderabad Disaster Response and Asset Monitoring and Protection Agency (HYDRAA) has been set up to monitor and protect the city's assets and respond to disasters.

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