“Hyderabad will be developed as ‘Global Smart City’”

September 1, 2014

Minister for Irrigation T. Harish Rao said the government was committed to develop Hyderabad as a ‘Global Smart City’ and showcase as an ‘investor-friendly’ destination by implementing the assurances made by Chief Minister K. Chandrasekhar Rao to CREDAI (Confederation of Real Estate Developers’ Associations of India).

At the concluding ceremony of the 3{+r}{+d}edition of CREDAI Hyderabad Property Show, 2014 on Sunday, he said the State welcomed all communities to stay in Hyderabad and that in two years, the government could assure 365 days of power and water supply. “We will issue the GO on rationalised seigniorage fee to Rs. 3 per square foot of built-up area very soon. We can see a boom in the real estate sector in Hyderabad from 2015 onwards,” he said.

National president CREDAI, Shekar Reddy said Telangana had set an example for other States to follow, with Chief Minister K. Chandrasekhar Rao’s assurance to remove unwanted NOC, single window approval and removal of VAT and Non-Agriculture Tax (NALA) too.

Source:The Hindu