The Telangana Government took a major initiative for the growth and development of Hyderabad, the capital of Telangana.
The Telangana Rashtra Samithi (TRS) would initiate 360 degree growth of Hyderabad.
According to sources, the State Government would soon unveil an Integrated Township Policy, which would offer substantial benefits and incentives to real estate developers in the State.
The State Government revealed the proposed plan of action regarding the Township policy on the 4th of November.
The Municipal Administration and Urban Development Minister K.T. Rama Rao said, “Its salient features will be out tomorrow (the 5th of November.) The policy aims at decongesting the core city of Hyderabad, offering more benefits to real-estate developers so that they can develop more satellite townships and counter magnets about 5 km outside the Outer Ring Road (ORR.)”
The revelation about the Township Policy was during the launch of the new premises of real estate consultancy firm KnightFrank.
KnightFrank opened their first office in India in Hyderabad, Telangana.
Mr. Rao during the launch said, The policy would aim at promoting live, work, learn and play kind of self contained townships where people do not necessarily have to travel inside the city.
KTR said, “Last year, for three quarters in a row, we pipped Bengaluru which traditionally has been the leader in terms of office space absorption. But on the whole, in the last six years, we have jumped from the sixth spot to the second spot in the country. But, I do believe that we are not happy being the number two, and we would definitely want to be the number one destination in the country.” He also said, “This continued growth momentum combined with progressive policies will ensure that Telangana will continue to attract investments.”
After separating from Andhra Pradesh in 2014, as an independent state, Telangana witnessed growth and development.
In the past few years, Telangana and Hyderabad was growing rapidly in terms of investments, infrastructure.
The State Government also constructed several flyovers and bridges under the Strategic Road Development Programme to ease congestion.
In addition, the State also has zero issues with power and water supply and provisioned adequate water resources till 2050.
Stay tuned for further updates.
