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
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.
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.
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.
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.
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.
Century Plyboards
The government's recent amendment to the Finance Bill, 2024, has sparked confusion and concern around profit made on property sales and real estate transactions.
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
According to Shobhit Agarwal, MD & CEO of Anarock Capital, foreign investors, who are the primary drivers of office investments, have scaled back due to global economic uncertainties, leading to a 4% decline in private equity investments in the Indian rea
The real estate sector is looking forward to the Union Budget 2025 with a wish list that includes increased funding for affordable housing, rental market reforms, and sustainability initiatives to stimulate investment and urban development.
The three-day Vasai-Virar Property Expo 2025, commencing on March 7, has generated significant interest among real estate enthusiasts. The event highlights the growing significance of Vasai-Virar within the Mumbai Metropolitan Region (MMR).