The Telangana government is planning to bring in an Act on the lines of Telangana State Industrial project Approval and Self Certification System (TS-iPASS) with an aim to ensure transparency and also hassle-free permissions in the real estate and construction sector.
Chief minister K Chandrasekhar Rao announced this during a meeting with the builders and realtors at his camp office on Saturday and said the state government wants to provide services to the real estate sector under a ‘Business at Ease’ system. He called upon the realtors to take an active role in making Hyderabad a global city as they play an important role in any developing city.
The chief minister said the realtors and builders should come together and develop a satellite city in an extent of 3,000 to 4,000 acres around Outer Ring Road along with green activity. He also stressed the need of skyscrapers which indicate the development and financial strength of any city. Chandrasekhar Rao said the state government had already announced its plans to develop a health city, a pharma city and also a film city near Hyderabad. He also predicted that more IT firms will come to Hyderabad as Bangalore has become more congested.
He also asked the builders and realtors to give suggestions for integration of master plan being taken up by the Hyderabad Metropolitan Development Authority. He said the government would come up with a comprehensive policy for liberal and corruption-free permissions for layouts and buildings.
Chief secretary Rajiv Sharma, principal secretary of CMO Narsinga Rao, municipal administration principal secretary MG Gopal, GHMC commissioner B Janardhan Reddy and others were present.