TeluguPeople
  are the trend-setters


News: Special Stories

TS will notify real estate rules soon: KTR


 
Hyderabad, April 26 (INN): The Telangana Government will soon notify the Real Estate (Regulation and Development) Rules, said Municipal Administration and Urban Development Minister K Tarakarama Rao here on Wednesday.

The Minister held detailed discussions with Municipal Administration Secretary Navin Mittal and other senior officials on the issues. He directed the officials to prepare draft rules and submit to the government for approval. 'The government is closely studying all the rules notified by various state governments and also the rules notified by the centre for the union territories,' he said.

KTR said that protecting the interest of the buyer was of paramount importance for the government. However, he felt that the genuine concerns of the real estate sector which is a huge provider of employment should also be addressed duly protecting buyers while framing the rules.

'Hyderabad is one of the fastest growing and happening cities in the country and the government is committed to ensure the growth of the city. During 2016-17 permissions were issued to 8,704 buildings and Rs 526.64 Crores has been collected. These include 26 residential, 21 commercial, 5 IT office space and 3 Multiplex cum Malls projects have been permitted. A total of 23 million square feet of built up area is being developed in the city,' KTR said.

The RERA Act mandates the setting up of the real estate regulation authority and the appellate tribunal. The Act also mandates all builders to register their projects with a state level regulatory authority. To do this the state government has to prepare its own version of the rules and place it in the legislature in the next session. The drafting of the bill has already been initiated.

One of the most far reaching pro consumer and pro industry initiative, the RERA will bring unregulated real estate sector under its domain. It will also curb unscrupulous elements in the real estate business.




 
News Posted: 27 April, 2017
 

 

Headline News
Metro on Ameerpet-Hitech City Stretch
Over 10,000 participate in She Teams Run
YSRCP gave tickets to 41 BCs, Jagan
HRD Training to ASEAN Officials
TS discuss Draft Agriculture Policy
Tearful Farewell to Vivekananda Reddy
Voter enrolment to end on 15th in TS
Another Congress MLA to join TRS
TDP Leaders met Chief Election Commissioner
Vote for Change, requests Jagan
Congress decides to boycott MLC polls
Two more Congress MLAs to join TRS?
AP, Telangana Polls on April 11th
YSRCP Bans TV5 Channel
Governor greets and wishes Women
More Headline News...
Entertainment
Nani's Jersey confirms April 19 release
Mahesh Babu's Maharshi postponed
Chandamame Video Song from 118
Durmargudu Official Trailer
Sony to produce Major with Mahesh Babu
Kalyan Ram's 118 Full Songs
Jr.NTR as Parle Brand Ambassador
Anjali CBI releasing on Feb 22nd
NTR Mahanayakudu got Clean U
RP's Roobaroo Hindi Song Video
More Entertainment...
Crime News
Eight killed in road accident in Nalgonda
Jayaram case shifted to Hyderabad Police
Action assured in Kamatipura Rape Case
Four persons commit suicide
Banker injured in firing
Rs 2K fake notes seized, six arrested
Two convicts escape from Warangal prison
'Humiliation' drives two women to suicide
Student drowns in Kapra Lake
Man found murdered in Shamshabad
More Crime News...
Special Stories
Metro Rail Medical Emergency Services
Madarsa to Modern Education
Social Media Workshop at MANUU
Invention keeps the World moving, Prof. Azhar
Crowdfunded Sanjivani needs Equipment
Kinnera helps 4 Children for Leukemia
Inter exams begin in Telangana
JEO inspects works at Vontimitta
Meeting on Tiger Conservation held
Bill on NRI Marriages Introduced
More Special Stories...
 
Business
Business Mint Nationwide Awards-2019
RERA registration with penalty till 15th
NMDC wins 5 PRCI Excellence Awards
Safran Aircraft Plant in Hyderabad
HDFC Bank opens 5,000th branch
USD 2 million for Innovation under IIGP
HCL new office in The Hague
Annapurna Finance raised 137 cr from ADB
Valvoline Cummins sold 100 million liters in 2018
BMW X4 launched in India
More Business...
Sports
Golconda Masters 2019 from Today
MANUU cricket team beats HCU
Rahul Gandhi congratulates P.V. Sindhu
Sports should be Part of Education: VP
Karna Kadur, Nikhil Pai clinch Coffee Day India Rally title
India beats China 2-1, wins Asian Trophy
Sindhu enters final, assured a medal
30th Sailing Championship from July 15
Pratyusha crowned with International Title
First match: Reigning Champs KKR to face Mumbai
More Sports...
Devotion
Balaji as Sri Rama, on the Float
Vontimitta Brahmotsavams from April 13th
Sri Lanka PM Wikramasinghe in Tirumala
Radhotsavam in Srinivasa Mangapuram
TTD Silk Vastrams to Srisaila Mallanna
Sri Govindaraja Swamy Teppotsavam
Amaravati SV Temple in Two Years
Chandra Babu at Komaravolu Temple
Srivari Kumbhabhishekam in Kanyakumari on 27th
Sahasra Chandi Yagam 4th Day
More Devotion...
NRI News
TAGC Womens Day Celebrations
ATA International Womens Day in NJ
TAGC Sankranti and Republic Day Event
NATA Immigration Conference Call Today
NATA Executive Committee for 2019-20
NATS raised 600k in Kick-Off Event
Parmesh Bheemreddy new ATA President
Meet Times Teen Kavya Kopparapu on 14th
Canada Sankranthi Sambaralu Today
NJTA Sankranthi Sambaralu on 19th
More NRI News News...



 
Advertisements
Advertisements
Advertisements
Get the best Results!
Reach potential customers thru TeluguPeople.com, advertise with us!!
Beauty and Skin Care
For all your favorite branded products of Beauty, Skin Care, Perfumes, Makeup and more!
College Admissions in USA
Guaranteed Admissions or Processing Fee will be refunded. At USAdmissions.com
EducationAndhra.com
One-stop Destination for Information on Educational Resources related to Andhra Pradesh
News
Headline News
Cinema News
Business
Special Stories
Devotion
NRI News
Social Media
Facebook
Movie Gallery
Devotional Gallery
Twitter
Photo Galleries
News Gallery
Cinema Gallery
Beauty Gallery
Fashion Gallery
Sports Gallery
Travel Gallery
Devotion
Classifieds
Jobs
Real Estate
Automobile
Personals

Search TeluguPeople.com

(C) 2000-2019 TeluguPeople.com, All Rights Reserved.