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New Indian Express
16-07-2025
- Business
- New Indian Express
Future City will redefine Telangana's urban development: Deputy CM Bhatti
HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka on Tuesday claimed that the proposed Future City will become a game changer for the development of Telangana. The deputy CM was addressing the gathering after inaugurating the new conference hall at the Federation of Telangana Chambers of Commerce and Industry (FTCCI) headquarters in Hyderabad. Highlighting the state government's push for transformative development initiatives such as the Future City, Musi river rejuvenation and the Regional Ring Road (RRR) projects, he said: 'Once these projects are completed, Hyderabad's growth will be beyond imagination.' 'Future City will be a game changer that will redefine urban development in the region,' he added. He also revealed that the government was chalking out plans to develop IT, pharma and housing clusters between the ORR and RRR. The deputy CM, meanwhile, announced that the government was mulling the idea of introducing a one-time settlement scheme for pending power bills, a long-standing request from industry stakeholders. He also highlighted Telangana's strengths as an investment destination, its world-class infrastructure, skilled workforce, international airport, and stable power supply, including plans to introduce green energy for industries. 'Hyderabad is a goldmine of innovation and talent. Let us create wealth not just for a few, but for every household in the state,' he said. He said that as part of its broader vision for inclusive growth, the government has started initiatives like the Skills University and Ambedkar Knowledge Centres aimed at equipping youth with industry-relevant skills. He also reiterated the government's aim to empower one crore women and transform them into millionaires within five years. 'Creating wealth is not the end goal. It is a means to enhance the dignity of our people and fulfil their aspirations,' he said while calling for collaboration between government, industry and civil society to ensure equitable distribution of wealth across Telangana.
New Indian Express
16-07-2025
- Politics
- New Indian Express
BJP attributing BRS regime's failures to Cong govt: Congress MP Chamala
HYDERABAD: Congress MP Chamala Kiran Kumar Reddy on Tuesday said that state BJP president N Ramachander Rao was wrongly attributing the previous BRS government's failures to the Congress government. Addressing the media at Gandhi Bhavan here, he alleged that the BRS and BJP are friendly parties and hence targeting the incumbent Congress government. Kiran Kumar answered the questions raised by BJP state president Ramachander Rao. Responding to a question raised by Ramachander Rao, asking why the state government was not displaying Prime Minister Narendra Modi's photograph on food security cards, he said: 'The Telangana government is ready to display a huge portrait of the prime minister if the Centre sanctions funds to Regional Ring Road (RRR) and Metro Rail projects.'
Hans India
12-07-2025
- Business
- Hans India
New Credai Hyd team pushes for reforms, infra boost
Hyderabad: The newly-elected leadership of CredaiHyderabad has unveiled a progressive roadmap for the city's real estate sector, pledging holistic development, policy reforms, and infrastructure support. In its first formal media interaction since taking office on June 20, the committee outlined its vision for a more inclusive, transparent, and investment-friendly property market. N Jaideep Reddy, president, Confederation of Real Estate Developers' Associations of India (Credai) – Hyderabad, described the new leadership team as 'young, diverse, and energetic', representing all geographical quadrants—North, South, East, and West Hyderabad. He emphasised that many of the current office bearers are second-generation developers who rose through the Credai Youth Wing, which now comprises over 100 active members. 'Our team is rooted in experience and driven by fresh energy,' Reddy said. Within just three weeks of assuming charge, Credai Hyderabad has initiated dialogues with key government departments, especially the Municipal Administration and Urban Development (MAUD), to address long-pending regulatory and operational challenges. Reddy termed the government's response 'very positive', citing encouraging movement on stalled issues. The real estate sector in Hyderabad continues to exhibit strong fundamentals. According to Credai, property registrations in May 2025 alone crossed Rs 4,300 crore, registering a 14 per cent year-on-year growth. This surge, Reddy noted, is supported by Hyderabad's expanding employment hubs, a favorable investment climate, and ongoing infrastructure upgrades. Looking ahead, the city is expected to add nearly 200 million square feet of office space by 2026, fueled by rising demand from Global Capability Centers (GCCs) and sustained public investment in infrastructure. Projects such as the Regional Ring Road (RRR), Phase-II of the Metro Rail, and elevated corridors are set to significantly boost urban connectivity and ease mobility across the city. A major initiative announced was a mega property exhibition scheduled for August 15–17 at the Hitex Exhibition Center. The event will showcase over 300 real estate projects, including luxury apartments, villas, and gated communities, across more than 70 stalls in two large halls spanning 80,000 square feet. 'This show will be a one-stop destination for homebuyers to compare, clarify, and choose properties under a single roof,' said Credai convenor Kurra Srinath. The exhibition will also feature cultural elements such as Telangana's traditional art, crafts, and food courts to create a festive atmosphere for families. CredaiHyderabad is also pressing for key regulatory reforms. The body called for a reduction in stamp duty and simplification of approval processes, which are currently mired in bureaucratic delays across departments such as HMDA, GHMC, and the Water Board. Developers are often required to obtain water feasibility certificates despite the absence of a standard process. 'To truly improve ease of doing business, we urge the state to unify these services under a single-window clearance system that integrates fire safety, electricity, water, and municipal permissions,' said a Credai representative. Another contentious regulation under scrutiny is the mortgage clause mandated by GO 86, which requires developers to mortgage 10 per cent of the land. 'Given the full implementation of RERA, this clause is outdated. We are requesting its revision or removal,' Credai leaders argued. Responding to perceptions that West Hyderabad is the city's only growth zone, the leadership highlighted robust developments across North, East, and South. 'The people tend to focus on the West due to higher visibility and marketing, but the real growth is across the city,' they asserted. With recent rate cuts by the Reserve Bank of India making home loans more affordable, Credai Hyderabad believes now is an ideal time for buyers to invest. 'Hyderabad remains more affordable than metros like Bengaluru or Chennai. With better infrastructure and quality of life, the timing couldn't be better,' they added. Concluding, Reddy reiterated the association's commitment to sustainable, inclusive growth and collaboration with all stakeholders. 'CredaiHyderabad is ready to lead from the front and ensure our city remains one of India's most vibrant real estate destinations.'
New Indian Express
07-07-2025
- Politics
- New Indian Express
Telangana CM Revanth Reddy to visit Delhi today to seek urea supply
HYDERABAD: Chief Minister A Revanth Reddy is set to visit Delhi on Monday to meet Union ministers over various issues concerning the state. He is also likely to meet AICC leaders. Sources said that as the farmers in the state are suffering due to shortage of urea, the chief minister is likely to meet Union Chemical and Fertilisers Minister JP Nadda and discuss the matter. It may be recalled that during the last three months, urea has not been supplied to the state as per allocation. He is expected to urge Nadda to address the issue. Recently, Agriculture Minister Thummala Nageswara Rao in a letter urged the Union minister to supply adequate urea to the state. According to sources, Revanth is likely to meet the Union ministers concerned and seek approvals for the Hyderabad Metro expansion and Regional Ring Road (RRR). Recently, the government finalised the Detailed Project Report (DPR) for Hyderabad Metro Phase-2 and sent it to the Central government for approval. Meanwhile, sources indicated that he will meet the leaders of AICC and discuss issues related to the party. Revanth is considering inviting Leader of the Opposition in Lok Sabha Rahul Gandhi and AICC general secretary Priyanka Gandhi to a public meeting to be held in Thungathurthi constituency on July 14 to distribute new ration cards to beneficiaries.
Time of India
07-07-2025
- Business
- Time of India
Telangana CM Revanth Reddy to begin two-day Delhi visit to seek Centre's support for Telangana projects
Telangana Chief Minister A Revanth Reddy is set to visit New Delhi on Monday to meet with central ministers, official sources said. Reddy will depart after launching the Vana Mahotsavam programme at PJT Agricultural University here. During his meetings, the CM is expected to seek funds and approvals for the state projects such as Regional Ring Road (RRR), Musi river rejuvenation , and Metro Rail expansion. He will return to Hyderabad tomorrow, sources added.
