Hyderabad: Telangana government will be bringing stringent laws under the soon to be introduced GHMC Act. There will be specific laws on encroachment of lakes and nalas, said MA&UD Minister KT Rama Rao.
The new Act could be rolled out by the government by January-February period of 2021. The Minister said he has instructed the officials to take up detailed study on all the lakes and nalas in GHMC limits, keeping in mind the damage caused by the recent floods in Hyderabad, the worst ever in the last 104 years.
The government realises the need to find a solution to the encroachments that have led to the flooding in the city’s colonies. KTR said, cities such as Bengaluru, Chennai and Mumbai, which have seen rapid urbanisation in the past too have witnessed such crisis.
Meanwhile, KT Rama Rao appealed to real estate developers and industry leaders to keep the real estate prices affordable. Hyderabad has seen consistent growth in real estate and the city has been known for its best quality of living and affordable real estate. “Developers should ensure that we don’t lose the USP (unique selling proposition) of the city’s real estate as an affordable city. This will impact investments and buyer sentiment in future. Let us not rush and get into the rat race of hiking property prices. We will lose the advantage of being an affordable city,” KTR added.
Highlighting the recent Knight Frank report that showed Hyderabad’s office absorption quadrupling from 0.3 million sq m in 2014 to 1.4 million sq m in 2020, he said, Bengaluru saw a marginal growth from 0.9 million sq m in 2014 to 1.4 million sq m in 2020. Hyderabad certainly has an edge over other counterparts in India and the developers should help the State retain that, the Minister said.
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