Hyderabad: The Telangana government has made the quota for economically weaker sections / lower income groups in housing projects optional. Earlier it was mandatory for builders to provide a quota, which was introduced by the Congress government in 2011.
The government has also proposed to allow multiplexes on major roads/junctions and remove height restrictions in Banjara Hills and Jubilee Hills areas. However, an expert committee under the chairmanship of the GHMC commissioner and members from HMDA, Water Board, city police commissioner (Hyderabad / Cyberabad) has been constituted to give specific recommendations on this. Also, to encourage high-rise buildings, the slabs to impose impact fees have been decreased from four to two.
These were part of 24 sops announced by the TS government on Monday to facilitate “ease of doing business” for the realty sector after they were ratified by the Cabinet on January 2. With regard to layouts with open plots, providing EWS/LIG has been made optional.
The representation of the real estate sector, to collect shelter fees from housing projects on lands having an area of more than two hectare / five acre, has been agreed to. With this decision, the government will get additional revenue of '30 lakh per five acre of development in GHMC area and '16 lakh in HMDA area.
The city level infrastructure impact fee has been reduced to encourage high-rise buildings and accordingly, only two slabs have been fixed as against the existing four slabs. One slab is up to 17 floors and the second slab is for above 17 floors. The rates will range from '500 per square metre to '1500 per square metre in the GHMC area and 175 per square metre to '500 per square metre in HMDA.
Collection of VAT of '100 per square metre in the CDA (Cyberabad Development Area) has been withdrawn to avoid double taxation. However, in the remaining Manikonda area, which is not covered by GHMC, it will be charged. A fast track on-line approval system has been introduced to eliminate delays and hassles in giving approvals. Also, instead of providing three per cent built-up space for common amenities as is now being insisted on, it will now be up to three per cent or 50,000 square feet, whichever is lower.
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