Real Estate Developers in Hyderabad Demand Accountability for Approved Projects
Real estate developers in Hyderabad are urging the Telangana government to hold accountable the government agencies that issued approvals before demolishing projects. The issue has sparked debates about corruption, lax enforcement, and the ease of doing b
Real EstateDemolitionGovernment AccountabilityHyderabadHydraaReal Estate NewsOct 17, 2024
The Point of Contention
HYDRAA, an initiative introduced by Telangana Chief Minister Revanth Reddy on July 12, 2024, aims to manage natural disasters, protect government properties, curb encroachment of ponds and lakes, and eliminate illegal constructions. Since its introduction, HYDRAA has demolished several buildings and under-construction projects.
The developers argue, “Government officials have given permissions for these projects. Why don’t the government officials who issued these permissions face consequences? If there are any violations, the government should issue notices and provide a fair opportunity to address the issues before taking any extreme steps.”
The Hyderabad developers have even warned that they may have to cease business operations in the city if this situation continues, highlighting the dire consequences of the current approach.
A Bigger Issue
This issue is not isolated to Hyderabad. Similar incidents have been reported across India, where constructed buildings and floors flouting Floor Space Index (FSI) rules have been ordered to be demolished or vacated by homeowners.
One of the key questions that arise is who sanctioned these buildings and floors, and why were no checks conducted by the relevant authorities during the construction phase? These questions fuel concerns about corruption and lax enforcement, where developers and homeowners are often targeted, while government agencies remain unpunished. Even under the Real Estate (Regulation and Development) Act (RERA), there are no provisions to hold the authorities accountable.
Ease of Doing Business in Real Estate
The lack of accountability and the stringent actions taken by government agencies are major obstacles to the ease of doing business in the real estate sector. Developers and homeowners alike are calling for a more transparent and fair regulatory environment that ensures all parties are held to the same standards.
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Frequently Asked Questions
What is HYDRAA and when was it introduced?
HYDRAA is an initiative introduced by Telangana Chief Minister Revanth Reddy on July 12, 2024, aimed at managing natural disasters, protecting government properties, curbing encroachment of ponds and lakes, and eliminating illegal constructions.
Why are real estate developers in Hyderabad concerned about the demolitions?
Developers are concerned because government officials have given approvals for the projects, and they argue that these officials should be held accountable before taking extreme steps like demolitions. They also point out the lack of prior notice and the potential for corruption and lax enforcement.
What are the broader implications of this issue across India?
This issue is not isolated to Hyderabad. Similar incidents have been reported across India, where constructed buildings and floors flouting FSI rules have been ordered to be demolished or vacated. This raises questions about corruption, lax enforcement, and the ease of doing business in the real estate sector.
Why are developers and homeowners calling for more transparency and fairness?
Developers and homeowners are calling for more transparency and fairness in the regulatory environment to ensure that all parties are held to the same standards. They believe that this will help in creating a more conducive and predictable environment for doing business in the real estate sector.
What is the impact of the lack of accountability on the ease of doing business in real estate?
The lack of accountability and the stringent actions taken by government agencies are major obstacles to the ease of doing business in the real estate sector. Developers and homeowners are calling for a more transparent and fair regulatory environment to ensure that all parties are held to the same standards.
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