Telangana CM wants to add skyscrapers to Hyderabad city
Asks officials to identify locations for building 60-100 storied structures
Nov 13, 2014
Source : Business Standard


Hyderabad: Telengana chief minister K Chandrasekhar Rao wants to add to the Hyderabad skyline around the historic Hussain Sagar as a step to improve the overall appeal and image of the city.

The chief minister, who held a review meeting on this matter, instructed officials to identify possible locations besides gathering the land particulars of those sites for building the 60-100-storied structures around the lake as a first step in this direction.

He also directed the officials to drain all the water of the lake into nalas in the summer to clean up the lake bed so as to make it a freshwater body as part of the plan.

According to the chief minister’s office, the government would decide at a later date whether to involve the private sector directly in building these structures or to take up on its own before leasing them out to private players for hotels, offices and entertainment activities  among other purposes.

“Skyscrapers are an important attraction of the global cities like Singapore and Hyderabad, which has all the traits of a global city, should also have such buildings,” Rao said.All the drainage systems and nalas connected to Hussain Sagar will no longer release the polluted water into the lake, according to him.

Latest Realty News

Realty sector wants stimulus package
Nov 13, 2014
Tiruchirapalli:The Confederation of Real Estate Developers Association of India (CREDAI) has urged the government to come up with a stimulus package for rejuvenating the realty sector
Protest against smart city plan
Nov 13, 2014
Imphal: The Manipur government’s decision to acquire land at Haollenphai village — in Moreh town bordering Tamu of Myanmar — to set up International Township, a “smart city”, is facing stiff opposition from Thadou students
Land must be given to landless: NHRC
Nov 13, 2014
Bhubaneswar: National Human Rights Commission (NHRC) directed the state government to give physical possession of land to the landless who have been allotted plots under various government schemes
House tax in Ghaziabad to increase by 10 per cent from April 2015
Nov 13, 2014
GHAZIABAD: Property owners in the city will have to shell out more from next financial year as Ghaziabad Nagar Nigam (GNN) has decided to increase the house tax by 10 per cent
Affordable housing momentum gains in Pune
Nov 13, 2014
Pune: Affordable housing segment that saw a dip of 52 per cent in third quarter of 2014 across India, has seen a healthy growth in Pune
No need to tweak housing society by-laws to undertake redevelopment
Nov 13, 2014
MUMBAI: A housing society is not required to change its by-laws before undertaking redevelopment of its premises, the HC has ruled
Guidance value set to rise in Bengaluru, citizens rush to register
Nov 12, 2014
BENGALURU: Long queues were seen at sub-registrar offices in the city ahead of an increase in guidance value for properties by 15-30%
Haryana Urban Development Authority houses 60% cheaper than DDA’s: Experts
Nov 12, 2014
NEW DELHI: Even as more than 10 lakh applicants continue to wait for the lucky draw results for 25,000 housing units Delhi Development Authority (DDA) housing scheme, real estate experts feel there is no need for despair for those who miss the opportunity
BDA Plans Market Complex in Khurda
Nov 12, 2014
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has proposed to set up a multi-storey market complex and launch a housing scheme in Khurda
S&P, MSCI to make real estate a new index industry sector
Nov 12, 2014
A change in the way publicly traded companies are categorized will result in the creation of a separate real estate sector

Latest Realty News Of State

Realty Talk's