We are actively involved in the process of formulating various policies in collaboration with the State Government. The fact that banks are advising several builders to join CREDAI-Hyderabad, indicates that we succeeded in bringing transparency in the construction sector. Nearly 20 issues plaguing the realty sector due to Covid-19 were discussed with Minister KT Rama Rao and he responded positively. Many companies obtained permissions for constructions after the government agreed for payment of the mandatory fee in installments.
Around 40 percent of the newly-started projects in the country, are registered in Telangana. The State government consider providing incentives to build affordable housing. CREDAI-Hyderabad Property Show creates a positive atmosphere in the market.
– V Rajasekhar Reddy, General Secretary, CREDAI Hyderabad.
RERA needs a full-time chairman
The Telangana government brought several reforms like TS-bPASS which is nowhere in the country. However, this should also be promoted on the lines of TS-iPass. The approvals for podium parking addressed a few issues. However, the builders are facing problems after the government entrusted the District Collectors with the responsibilities of the Dharani portal. As a District Magistrate, the Collector has many important responsibilities. Therefore, a committee should be set up specifically to resolve land issues. Permissions are being delayed due to non-integration of departments such as electricity, water and environment in the TS-bPASS. We do not want concessions, but the government should improve ease of doing business. RERA is in dire need for a full-time chairman, with adequate infrastructure and staff. An Appellate Authority also should be established. If RERA is strengthened, we can work more efficiently.
– P Ramakrishna Rao, President, CREDAI-Hyderabad.
Best property show in India
I am proud to say that this property show organized by CREDAI-Hyderabad is the best in the country. As CREDAI’s national vice-president, I visit many property shows in the country and this one definitely stands out. The construction sector in Hyderabad is growing significantly. But it is not the right practice for some developers to sell flats at a low rate in the name of pre-launches. The home buyers should be cautious and should study the developers’ profile thoroughly before making their investments. They should not get carried away with the low prices alone. People are invited to visit this property show and choose the flat that suits them best.
– Gummi Ramreddy, Vice President, CREDAI-National
Ready to move-in
CREDAI has 11 chapters in Telangana including 10 districts apart from Hyderabad. This is arguably the best property show ever held by CREDAI-Hyderabad. This time, there are more companies offering numerous properties. Considering the rising land rates, the price of flats in newly-started projects are likely to increase. Under these circumstances, home buyers are advised to purchase ‘Read to move-in’ flats. Most of the land-related issues have been solved due to the Dharani website, but certain issues like legal heir needs to be addressed at the CCLA level.
– Ch Ramachandra Reddy, President, CREDAI-Telangana
