HYDERABAD: Planning to invest in a property around the city’s swank IT hub? Think again. Industry insiders warn that while these areas are fast emerging as realty hotspots – there’s a fresh crop of ventures raising its head here – those willing to live in these homes have to make peace with a critical shortcoming: lack of water connections.
In fact, those who have already moved into these localities – Nizampet and parts of Chandanagar, among others – confess to being completely dependent on tankers, thanks to non-existent ‘official’ water lines. Though there have been plans and even announcements about Godavari pipelines reaching their houses, it’s all just on paper, they rue.
N V S Srinath Kumar, who recently purchased a property near Hanuman Temple in Nizampet, pointed out how the water issue plaguing the slowly-evolving area is a dampener for its residents. “People of this region are solely dependent on water tankers supplied by gram panchayats. However, we are hopeful of water reaching us soon as talks about Godavari water supply have been doing the rounds,” said Kumar, who has been a resident of the area for four months.
Others, meanwhile, have a different story to tell. “When we purchased the property for Rs 30 lakh (approx.), we were assured that Godavari water would reach us in a matter of months. However, it has been nearly a year and we are still waiting for it. In addition to the Rs 2,000 we usually pay for tankers every month, we are forced to cough up extra money for uninterrupted supply during summer,” complained Anand Gummadi, an IT professional and resident of Chandanagar.
Cautioning buyers, experts point to many up-and-coming neighbourhoods, where the supporting infrastructure is still a distant dream.
“While a few developers, keeping their brand image in mind, do take measures to ensure that residents living in their projects have access to uninterrupted supply of water, most developers move on after having completed a project, leaving residents to suffer. This is particularly rampant in areas such as Tellapur, Narsingi, Ballaguda and Appa Junction, where many land parcels are available for cheaper rates. While the prices in Madhapur stand at Rs 6,000 per square feet, in these areas, it is just about Rs 3,500 per square feet,” said a developer, who has built properties in Tellapur and Appa Junction.
Meanwhile, C Shekar Reddy, former national president, Confederation of Real Estate Developers’ Associations of India (CREDAI), strongly condemned the state government and urban development authorities for having failed to fulfil their responsibilities.
“The government has to sanction permissions for development projects and lay the necessary infrastructure, keeping the master plan in mind. However, this has not been the case along the city’s western corridor, where building permissions are given to almost any developer. Instead of building infrastructure to make space for development, the state government is working in reverse,” said Reddy, adding, “This is why areas such as Kismatpura, Krishnapura, Nallagandla and other regions on the periphery of the western corridor, while being a hub of new real estate projects, do not have the basic infrastructure in place.”
The blame also equally lies with developers, argued Patlolla Dasharath Reddy, president of the Telangana Real Estate Developers Association, pointing out how builders today are “blindly going about constructing houses along the IT corridor owing to the growing presence of the industry there”.
“And they are doing so without scientifically analysing the ground reality. This is why areas such as L B Nagar and Nagole, in spite of having the basic infrastructure in place, do not see as many projects as the western corridor does,” he said.
Credits ET Realty