Telangana Government Supports Realty Sector and Green Initiatives
Hyderabad: The state government is committed to helping realtors and builders overcome challenges in order to save the real estate industry from crisis. Deputy Chief Minister Bhatti Vikramarka assured builders of the government’s support and warned that strict action would be taken against those spreading false propaganda about the real estate sector.
Speaking at the Telangana Builders Green Summit on Saturday, the Deputy Chief Minister emphasized that builders and real estate developers are valued citizens who contribute to the state’s growth. He assured them of the government’s full cooperation. He also warned that anyone spreading misinformation to harm the real estate industry would face strict action.
Vikramarka highlighted Hyderabad’s potential for builders, describing the city as an ideal place for development. He noted that by signing the Net Zero city agreement, Hyderabad is sending a strong message to the world about its commitment to sustainable development. He also pointed out that Telangana’s policies and decisions are being closely observed globally.
The state government is implementing several policies to make Hyderabad a greener city. The Deputy Chief Minister mentioned that cities like Delhi have faced serious environmental challenges, which forced people to migrate during certain seasons. To prevent such a situation in Hyderabad, the government is taking necessary measures.
One of the key initiatives is the gradual transition of all diesel vehicles in the city to electric vehicles. The government has also reduced registration charges on electric vehicles, despite the potential revenue loss, to encourage their use. The ultimate goal is to make Hyderabad a pollution-free city.
Vikramarka stressed that the health of Hyderabad’s residents is more important than government revenue. To support the city’s development, the state has allocated ₹10,000 crore in a single year. This is the largest budget ever set aside for Hyderabad’s growth and modernization, placing the city on a path toward becoming a leading urban center.
