The Telangana Government is considering coming out with norms for a single window clearance system for real estate and other construction projects aimed at 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 was committed to facilitating the growth of the sector and wanted the sector players to come out with suggestions which the Government would consider. He called on them 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. The government is planning to introduce a single window approval for projects and 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, “Being the 1st show post bifurcation, we have received tremendous response from buyers. Builders participating in the event have showcased nearly 200+ new projects in different budget ranges catering to a wide range of home buyers. Gruhapravesham 2014 will facilitate active home buying in the previously dormant industry.”