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Hyderabad: Telangana Deputy Chief Minister Mallu Bhatti Vikramarka said the state government is spending ₹84,790 crore on Hyderabad’s development. Speaking at the 16th NAREDCO Telangana Property Show at HITEX on Friday, he said development works worth ₹55,000 crore are at various stages, with some projects already awarded through tenders.
Bhatti Vikramarka said the government is planning to transform Hyderabad into a major destination for people looking to settle from other cities. Plans are also underway to ensure adequate drinking water supply by bringing water from the Krishna and Godavari rivers.
He said the government would soon begin works on the Musi River Rejuvenation Project, estimated to cost around ₹7,500 crore. The aim is to clean the river and develop it into a major urban asset. He also said Bharat Future City is being planned across 30,000 acres, with half the land earmarked for green and open spaces.
The Deputy CM said 20 sewage treatment plants (STPs) are currently operational, while another 38 are planned. For civic infrastructure, the government has allocated ₹4,000 crore to GHMC, ₹2,500 crore to Malkajgiri Municipal Corporation and ₹2,160 crore to Cyberabad Municipal Corporation.
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NAREDCO Seeks Reduction in GST
NAREDCO Telangana President Sreedhar Reddy said the construction sector plays a major role in India's economic growth. Citing a KPMG report, he said the sector currently employs around 7 crore people, with the number expected to reach 10 crore. The industry recorded 10.7% growth in 2025–26.
He noted that Hyderabad recorded 13.1 million sq. ft. of office space activity, making it the country's second-largest office market. Of this, 6.1 million sq. ft. came from Global Capability Centres (GCCs), which are also driving housing demand.
Highlighting rising construction costs, he urged the government to reduce GST on construction materials, simplify Category-II electricity permissions and lower sewerage charges. He also sought government intervention on input tax credit issues affecting commercial real estate developers.
Focus on Affordable Housing
Minister for SC, ST and Minority Welfare Adluri Laxman Kumar urged the real estate sector to focus on affordable housing and consider middle-class families' needs while planning residential projects.
NAREDCO Telangana Secretary General R. Venkateswara Rao said the property show brings builders, bankers and RERA officials onto one platform. He encouraged prospective homebuyers to visit the exhibition, compare projects and discuss prices, amenities and home loan options directly with developers and banks.
The three-day property show continues through Saturday and Sunday, giving homebuyers and investors a chance to explore residential and commercial projects.
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