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The Telangana Government is considering coming out with norms for a single window clearance system for real estate and other construction projects aiming at streamlining the functioning and cutting short project-implementation time.
The State Minister for IT and Panchayat Raj, KT Rama Rao, has said that the Government was in favour of coming out with a policy that helps developers implement projects faster with early clearance from the Government.
Speaking at a real estate event Gruhapravesham, the Minister wanted the industry players, including real estate sector companies to come up with suggestions to expedite project implementation.
Inaugurating the first property show after bifurcation of the State, he said that his Government is committed to facilitating growth of the sector and wanted suggestions which the Government will consider. He called on the sector to be part of the development process.
C Shekar Reddy, CREDAI National President said, “Hyderabad is a global city with unmatched infrastructure, climate, culture and availability of skilled manpower. TheGovernment will announce a new industrial policy with a package of incentives to boost the industrial growth in Telangana, which will make Hyderabad a destination for investments.”
Ganesh Vasudevan, CEO IndiaProperty.com , said, “ We have received tremendous response from potential buyers. Builders participating in the event have showcased nearly 200+ new projects catering to a wide range of home buyers.”
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