Hyderabad Real Estate Faces Setback Due to High-Rise Project Approval Delays

Obtaining permissions for high-rise buildings has become increasingly difficult. While regular building projects are already plagued with issues, the dream of affordable housing is becoming more complex due to stringent regulations and interference from influential individuals.

Hyderabad: The Hyderabad Metropolitan Development Authority (HMDA) faces challenges approving major construction projects. Obtaining permissions for high-rise buildings has become increasingly difficult. While regular building projects are already plagued with issues, the dream of affordable housing is becoming more complex due to stringent regulations and interference from influential individuals.

Also Read: Land Acquisition Begins for Major Infrastructure Projects in Secunderabad


Delays in Approvals for High-Rise Projects

Scheduled meetings to approve high-rise projects, which should occur every 10 to 15 days, have not been held for several months.


Political Interference and Issues

The state Congress party is accused of hindering these projects for political gain.


Issues with Meetings and Regulations

According to regulations, HMDA must hold weekly or biweekly meetings to clear high-rise building applications. However:


Impact on Real Estate

Experts believe that the suspension of approvals in Hyderabad severely affects property transactions. The city, a hub for real estate, risks losing investor interest due to these ongoing issues.


Conclusion

The current situation raises serious questions about the government’s efficiency and highlights the urgent need for action to resolve these challenges in the construction sector.

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