Telangana Chief Minister K Chandrasekhar Rao has hinted at framing legislation to facilitate the growth of the real estate and construction sectors.
The accent of the legislation would be on ease of doing business, faster clearances and bringing about transparency in the processes. This will be on the lines of Telangana State Industrial Project Approval and Self Certification System (TS-iPass) for industries.
A delegation headed by C Sekhar Reddy, former national president of Credai and B Dasarath Reddy, president of Telangana Real Estate Developers Association, and others interacted with the Chief Minister.
Greenfield city mooted He suggested that real estate players could consider forming a consortium to develop a greenfield city, spread over about 3,000 to 4,000 acres abutting the Outer Ring Road.
Describing the real estate developers as partners in progress, the Chief Minister said that since some of the major cities are getting overcrowded, IT and other services companies were looking at setting up their base in Hyderabad,. This would offer immense opportunities for growth for the State and for the real estate and construction companies.