Hyderabad: Taking a cue from cities like Bengaluru, the state government last year came up with the 'growth in dispersion' policy to decentralise the presence of IT corridors in the city.
This was done as Hyderabad was lagging behind in implementing the hub and spoke model, representatives of the Confederation of Real Estate Developers' Associations of India (Credai) said on Thursday.
With a large pool of information technology workforce from other parts of the city commuting to their offices in western Hyderabad on a daily basis, the policy offers incentives for setting up offices in north-eastern parts of the city, said Aditya Gowra, treasurer, Credai-Hyderabad.
Addressing the media, P. Rama Krishna Rao, president of Credai, announced that the eleventh edition of Credai-Hyderabad property show will be held between February 11 and 13. “In recent times, we observed that buyers increasingly prefer homes with larger spaces and slightly away from the city,” he said.
Rama Krishna Rao explained that due to the work from home scenario, people prefer to buy larger homes as there is a need for extra space for work. "The property show will help buyers identify the best of Real Estate Regulatory Authority (RERA) approved projects in the city,” he said.
Rama Krishna Rao cautioned: “Some unscrupulous players are trying to sell non-RERA registered properties, increasing the risk for home buyers. We recommend that home buyers choose from projects, which are all RERA approved, at the property show."
Admitting that there were some teething troubles in the TS-bPass initiative, the government’s attempt to rationalise rules for builders, the Credai-Hyderabad president said it is an evolving process. Although permissions are approved in a quick timeframe, there are certain issues that need to be fixed, he added....