Telangana Deputy CM urges real estate sector to partner in State’s growth; stresses need for affordable housing

Deputy Chief Minister Bhatti Vikramarka said the Telangana government has drawn up a comprehensive development plan involving ₹84,790 crore for Hyderabad and its surrounding areas to transform the city into a world-class urban centre.

Addressing the NAREDCO Telangana Property Show at HITEX here, he said designs and tendering processes have been initiated for projects worth nearly ₹55,000 crore, while several other works are at different stages of implementation. He said the government views the real estate and construction sectors not merely as business entities but as wealth creators and partners in the State’s development.

Explaining the proposed expenditure, he said ₹52,706 crore has been earmarked for infrastructure development through the Hyderabad Metropolitan Development Authority, Hyderabad Growth Corridor, Metro Rail and other agencies.

Another ₹15,849 crore has been allocated to the Hyderabad Metropolitan Water Supply and Sewerage Board, ₹4,000 crore to the Greater Hyderabad Municipal Corporation, ₹2,500 crore to the Malkajgiri Municipal Corporation and ₹2,163 crore to the Cyberabad Municipal Corporation.

The Hyderabad Road Development Corporation has been allocated ₹500 crore for road works. The government has also drawn up plans to invest nearly ₹93,000 crore in road infrastructure across Telangana.

He called upon real estate developers to give equal importance to affordable housing, with an eye to the poor and middle class, rather than concentrating only on luxury residential projects.

On the Musi rejuvenation project, he said Chief Minister A. Revanth Reddy is determined to transform the polluted river into an economic and tourism asset for Hyderabad. The first phase of the project, involving works worth approximately ₹7,500 crore, is being prepared for launch.

Mr. Vikramarka said the government has introduced the HILT Policy to make Hyderabad environmentally sustainable. Industries within the Outer Ring Road limits are being planned for phased relocation outside the city to reduce pollution.