Hyderabad's real estate sector has experienced remarkable growth, with a 29% increase from April to November this year, compared to the same period in the previous year. This growth comes despite the negative publicity surrounding the sector. According to Chief Minister A. Revanth Reddy, the city's development plays a key role in this positive shift, and he credited the real estate growth to the progressive policies under the leadership of the Bharat Rashtra Samithi (BRS).
Chief Minister Revanth Reddy was speaking at an event where he inaugurated and laid the foundation for several Municipal Administration and Urban Development projects. During his address, he emphasized the importance of securing more central funds for Telangana's development and challenged G. Kishan Reddy, Union Minister and Telangana BJP chief, to prove his commitment to the state's growth by securing additional financial support from the central government.
Despite the challenges posed by negative publicity, Hyderabad’s real estate market has shown resilience. The city’s real estate development is growing at a remarkable pace, providing numerous opportunities for investors, developers, and homeowners. This growth comes amidst the ongoing efforts to boost local infrastructure, which includes a wide range of projects aimed at improving the city's urban landscape and living conditions.
The Chief Minister also brought attention to the growing needs for infrastructure investments in Hyderabad, estimating a requirement of Rs 1.50 lakh crore for local development. This call for funds highlights the scale of ambition to improve infrastructure and make the city more accessible and sustainable. Revanth Reddy also issued a warning through the Hyderabad Disaster Response and Asset Monitoring and Protection Agency (HYDRAA) to curb illegal encroachments on water bodies, underlining the importance of maintaining the city’s environmental health alongside its real estate growth.
With these ongoing developments, Hyderabad’s real estate sector continues to thrive, showing that, even in the face of challenges, the city remains an attractive and lucrative market for real estate investment. The government’s efforts, backed by a clear vision for infrastructure development, are contributing to the overall growth and modernization of the city, further enhancing its appeal to residents and investors alike.
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