<p>Hyderabad: Realtors and builders in Telangana are optimistic that Global Capability Centers (GCCs) will serve as a game changer for Hyderabad's real estate growth story. </p><p>With water crisis looming large, expensive spaces, and traffic congestion plaguing cities like Bengaluru, GCCs are increasingly looking toward Hyderabad as an attractive alternative, which is expected to spur significant growth in the region, said National Real Estate Development Council (NAREDCO) Telangana Secretary General K Sridhar Reddy.</p><p>Industry stakeholders are also encouraged by new infrastructure projects such as the Regional Ring Road (RRR) and the planned Future Fourth City, which they believe will further bolster the real estate sector across the state.</p><p>"What the IT sector and pharma manufacturing had done to propel the growth of Hyderabad, we are expecting the same with GCCs. Now, even if there is a need for one lakh sq ft space, it is readily available in Hyderabad and it's affordable too, unlike cities like Bengaluru where everything is expensive besides issues like traffic congestion and water crisis," said Sridhar Reddy on Wednesday.</p><p>Speaking to reporters, NAREDCO representatives expressed confidence that several development initiatives by the current government will transform Hyderabad and accelerate growth.</p>.New age careers in banking sector.<p>"NAREDCO Telangana predicts that the much-needed thrust given by the state government with 5D's—five development initiatives of the Government of Telangana—will greatly help real estate growth, GDP, and tourism in the coming years. Allocation of Rs 10,000 crores to Hyderabad city for infrastructure improvement, metro expansion in all directions, Musi River Front Development, development of Fourth City, and formation of the new 350-km Regional Ring Road are the 5D's of Government of Telangana," said NAREDCO Telangana President Vijaysai Meka.</p><p>He felt that the newly introduced Bhu Bharati portal and BuildNow applications will play a key role in planned urban growth and increased investor confidence, especially in emerging and semi-urban corridors of Telangana. Bhu Bharati is a newly launched digital land records portal designed to bring greater clarity, transparency, and trust to land transactions. It serves as a restructured and more efficient version of the former Dharani portal, addressing past challenges by simplifying processes, correcting legacy errors, and improving public confidence in land ownership records.</p><p>"The Bhu Bharati initiative marks a significant stride toward a transparent and efficient land administration system in Telangana. Alongside this, the BuildNow application is set to streamline building and layout approvals, further easing project execution for developers. NAREDCO Telangana believes this initiative will bring immense value to developers, investors, and buyers alike. NAREDCO Telangana is committed to working closely with the government to ensure that the real estate sector maximizes the benefits of this progressive reform," added Vijaysai.</p>
<p>Hyderabad: Realtors and builders in Telangana are optimistic that Global Capability Centers (GCCs) will serve as a game changer for Hyderabad's real estate growth story. </p><p>With water crisis looming large, expensive spaces, and traffic congestion plaguing cities like Bengaluru, GCCs are increasingly looking toward Hyderabad as an attractive alternative, which is expected to spur significant growth in the region, said National Real Estate Development Council (NAREDCO) Telangana Secretary General K Sridhar Reddy.</p><p>Industry stakeholders are also encouraged by new infrastructure projects such as the Regional Ring Road (RRR) and the planned Future Fourth City, which they believe will further bolster the real estate sector across the state.</p><p>"What the IT sector and pharma manufacturing had done to propel the growth of Hyderabad, we are expecting the same with GCCs. Now, even if there is a need for one lakh sq ft space, it is readily available in Hyderabad and it's affordable too, unlike cities like Bengaluru where everything is expensive besides issues like traffic congestion and water crisis," said Sridhar Reddy on Wednesday.</p><p>Speaking to reporters, NAREDCO representatives expressed confidence that several development initiatives by the current government will transform Hyderabad and accelerate growth.</p>.New age careers in banking sector.<p>"NAREDCO Telangana predicts that the much-needed thrust given by the state government with 5D's—five development initiatives of the Government of Telangana—will greatly help real estate growth, GDP, and tourism in the coming years. Allocation of Rs 10,000 crores to Hyderabad city for infrastructure improvement, metro expansion in all directions, Musi River Front Development, development of Fourth City, and formation of the new 350-km Regional Ring Road are the 5D's of Government of Telangana," said NAREDCO Telangana President Vijaysai Meka.</p><p>He felt that the newly introduced Bhu Bharati portal and BuildNow applications will play a key role in planned urban growth and increased investor confidence, especially in emerging and semi-urban corridors of Telangana. Bhu Bharati is a newly launched digital land records portal designed to bring greater clarity, transparency, and trust to land transactions. It serves as a restructured and more efficient version of the former Dharani portal, addressing past challenges by simplifying processes, correcting legacy errors, and improving public confidence in land ownership records.</p><p>"The Bhu Bharati initiative marks a significant stride toward a transparent and efficient land administration system in Telangana. Alongside this, the BuildNow application is set to streamline building and layout approvals, further easing project execution for developers. NAREDCO Telangana believes this initiative will bring immense value to developers, investors, and buyers alike. NAREDCO Telangana is committed to working closely with the government to ensure that the real estate sector maximizes the benefits of this progressive reform," added Vijaysai.</p>