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HYDERABAD: Telangana ministers emphasized the state’s focus on developing infrastructure, housing, and tourism, describing real estate as the foundation of the economy.
At the 15th NAREDCO Telangana property show held at HITEX, Deputy Chief Minister Mallu Bhatti Vikramarka announced a massive investment of ₹25,631 crore in sewerage and water supply systems in Hyderabad. The government has approved 39 new sewage treatment plants (STPs), with ₹11,927 crore allocated for sewerage and water infrastructure, alongside an additional ₹13,704 crore worth of proposals currently under review.
The Deputy CM pointed out the thriving real estate market in Hyderabad, highlighting a recent land auction that fetched ₹177 crore per acre. Significant infrastructure projects include a ₹1,487-crore elevated corridor from Paradise Junction to the National Highway and road widening initiatives costing ₹3,619 crore in Shamirpet. He stated, “Hyderabad is on its way to becoming a green city with all public buses converting to electric vehicles, supported by tax incentives.”
Furthermore, he reiterated the government’s dedication to balanced urban development, sustainability, and job creation. “It’s crucial for developers to also prioritize housing for middle and lower-income families alongside premium projects,” he remarked.
The Minister of Tourism and Culture, Jupally Krishna Rao, remarked that real estate is a key economic driver for Telangana, supporting over 300 allied sectors. He pointed to progressive policies and world-class infrastructure as essential for creating new growth avenues, citing projects like the Regional Ring Road (RRR) and the greenfield road to Machilipatnam port. “Real estate is vital for sustaining Telangana’s growth,” he stated, noting its importance to sectors like IT, pharmaceuticals, and aerospace.
The three-day convention witnessed attendance from developers, investors, and industry leaders. NAREDCO representatives applauded Telangana’s policies as exemplary for real estate-driven growth.
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