The Telangana Municipal Administration and Urban Development (MA&UD) department has proposed a ‘Self-Certification’ grant system for structures built on plots up to 200 sq.mts (250 sq. yards). This proposal has been made based on the success of Telangana State Industrial Project Approval Self Certification System (TS-iPASS)

The purpose of this kind of self-certification system of building approvals is initiated to curb the corruption involved at various levels and expedite the property permissions process.

Prerequisites for the ‘Self-Certification’ grant system:

As per the proposal, following will be the perquisites for the ‘Self-Certification’ grant system:

• Property owners or builders have to upload all the relevant documents online and pay the required building fee to avail the approval.

• Occupancy Certificate (OC) would not be needed for plots up to 200 sq. mt (250 sq. yards).

• The government plans to establish a seven-day deadline for scrutiny of the documents. If the concerned authorities fail to respond within the stipulated time, the permission would be considered granted and the applicant can begin construction on the applied land.

• The property owners have to give a declaration that they would be held responsible and accountable and legal action could be initiated against them.

Advantages of the Self-Certification’ Proposal

All these ‘self-certification’ grant steps will allow the applicant to get speedy processing of his/her property application. It will also help in reducing the chances of corruption involved in the whole property approval process. We the people as a common small property owner will be benefit at last.

Stringent Actions for Fraudsters: 

The authority is planning to put stringent actions for those involved in illegal activities. It is proposed that if any property owner is found engrossed in illegal development, then he/she would be prosecuted (jail) for three years or fined 10% of the building value under Section 250, of the proposed Municipal Act.

Along with this, the civic bodies would be given the authority to revoke the illegal construction and anyone who tries to continue construction on the land or break the seal would be severely punished.

Incorporation of the Proposal in the Act:

It is reported that provisions like self-certification for up to 200 sq. meter plots would be incorporated in the Municipal Corporations Act and GHMC act.

More Plans Underway:

The GHMC commissioner has announced that, there would be a single application process for all departments like GHMC, fire services and Airport Authority of India (AAI) - especially for high rise building permission, etc. This will help the real estate builders and construction companies to launch their realty projects quickly.

The Greater Hyderabad Municipal Corporation (GHMC) was also interested in implementing self-certification for building permission in approved layouts. This will benefit independent small property builders a lot and the cost saved can be passed on to the property buyers.

Final words:

This proposal can help immensely to curb corruption in the town planning wings across the state. The small size property owners can quickly have hassle-free building permissions and start their home construction on the plots, early. This will help in saving cost and time of the property builder.  

The ‘Self-Certification’ property grant system proposal can go a long way for benefiting small and middle-class salaried property owners. This will reduce the nitty-gritty’s of involved civic bodies and they will be able to own a dream house constructed in a much easier way. 

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We all know that our Hyderabad city is more affordable as compared to other metro cities of India. Also, the city’s market is much more mature in terms of both commercial and residential aspect. This is evident from the fact that even after the bifurcation of the state the city has thrived well and improved its overall infrastructure, health, education sectors and job market scenario. 

The global multi-national companies of all sectors – Retail, IT, ITeS, Pharma, Automobile, Hospitality, Education, etc. continue to setup their regional headquarters in Hyderabad for regional expansion. You can easily find large number of affordable flats and apartments in Hyderabad for sale and rents, which makes it possible even for an average salaried person to live here happily.

Real Estate on Upswing in Hyderabad’s Real Estate Market

Knight Frank in its half-yearly report states that Hyderabad city is currently witnessing a huge surge in the volume of the residential units - in its first quarter of 2019 it rose by 47%. The commercial office space transaction volume has also surged by 43% in the same period.

It is interesting to know that the property prices in Hyderabad city rose by 9% on an average Rs. 4373 whereas all other cities have witnessed a decrease in real estate prices – Chennai, Kolkatta, Pune, Delhi, etc.

Top Preferred Areas of Hyderabad

The maximum sales of units occurred in the West Hyderabad which includes areas like – Madhapur and Kokapet (both accounted for 63% of the overall sales). North Hyderabad is faring well and one can see a lot of traction in areas like Kompally, Qutubullapur, Alwal, etc.

You could notice a huge number of new launches from reputed builders for residential flats in Hyderabad, in areas like Bolarum, Bachupally, Pragathinagar, Tellapur, Kokapet, Yapral, Shadnagar, Nanakramguda, Shankarpally and Bandlaguda. The homebuyers are giving preferences to ready to move apartments in Hyderabad or those to be completed within six months.

Property Price Trends of the Hyderabad City

The property prices in the city vary with the differences in the kind of connectivity, infrastructure, demand and supply in the given locality. We have listed here some of the preferred localities of Hyderabad with their prevailing price tags (approximate). The rates of between the 1BHK, 2BHK and 3BHK flats in Hyderabad may vary differential.

Real Estate price trends in Hyderabad as in April – June 2019 period: