+
CREDAI Hyderabad Seeks Cut in Permit Mortgage
ECONOMY & POLICY

CREDAI Hyderabad Seeks Cut in Permit Mortgage

The Confederation of Real Estate Developers' Associations of India (CREDAI) Hyderabad sought the state's intervention to remove the 10 per cent building permit mortgage requirement for real estate projects or reduce it to five per cent, saying the move would release capital for developers. The demand was raised at the inauguration of the CREDAI Hyderabad Property Show 2026 at the HITEX Exhibition Centre, where more than 300 Real Estate Regulatory Authority (RERA)-approved projects from over 60 developers were on display. CREDAI Hyderabad president N Jaideep Reddy led the representation to officials and stakeholders.\n\nThe three-day property show, themed Rate Aagadhu, Demand Thaggadhu, was held from August 28 to 30 and was inaugurated by Chief Secretary Sanjay Jaju. The event brought together developers, financial institutions and other stakeholders and provided a platform for prospective homebuyers to evaluate projects across Hyderabad. Organisers said the showcase aimed to boost transparency and connect demand with credible supply.\n\nN Jaideep Reddy sought release of mortgage components, with particular emphasis on the NALA-linked component, and noted there was already a policy direction to release five per cent for earlier approvals while retaining the remaining five per cent. He urged the government to expedite implementation of that direction to free up funds for ongoing projects and to reduce financing pressures on builders. He also proposed a mechanism to allow developers to pay the applicable NALA fee along with the building approval process to improve efficiency and clarity in approvals.\n\nChief Secretary Jaju said Hyderabad was witnessing strong growth in its business environment and attracting increasing interest, and that real estate and property development were important components of economic growth. He indicated the government was committed to working with the industry to promote trustworthy and transparent development and would continue to collaborate to ensure the sector remained a strong growth driver for Telangana and contributed towards the vision of Telangana 2047.

The Confederation of Real Estate Developers' Associations of India (CREDAI) Hyderabad sought the state's intervention to remove the 10 per cent building permit mortgage requirement for real estate projects or reduce it to five per cent, saying the move would release capital for developers. The demand was raised at the inauguration of the CREDAI Hyderabad Property Show 2026 at the HITEX Exhibition Centre, where more than 300 Real Estate Regulatory Authority (RERA)-approved projects from over 60 developers were on display. CREDAI Hyderabad president N Jaideep Reddy led the representation to officials and stakeholders.\n\nThe three-day property show, themed Rate Aagadhu, Demand Thaggadhu, was held from August 28 to 30 and was inaugurated by Chief Secretary Sanjay Jaju. The event brought together developers, financial institutions and other stakeholders and provided a platform for prospective homebuyers to evaluate projects across Hyderabad. Organisers said the showcase aimed to boost transparency and connect demand with credible supply.\n\nN Jaideep Reddy sought release of mortgage components, with particular emphasis on the NALA-linked component, and noted there was already a policy direction to release five per cent for earlier approvals while retaining the remaining five per cent. He urged the government to expedite implementation of that direction to free up funds for ongoing projects and to reduce financing pressures on builders. He also proposed a mechanism to allow developers to pay the applicable NALA fee along with the building approval process to improve efficiency and clarity in approvals.\n\nChief Secretary Jaju said Hyderabad was witnessing strong growth in its business environment and attracting increasing interest, and that real estate and property development were important components of economic growth. He indicated the government was committed to working with the industry to promote trustworthy and transparent development and would continue to collaborate to ensure the sector remained a strong growth driver for Telangana and contributed towards the vision of Telangana 2047.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

MMRDA Targets Completion of Projects by December 2028

The Mumbai Metropolitan Region Development Authority (MMRDA) is targeting the completion of all its ongoing infrastructure projects by December 2028, a year ahead of its December 2029 deadline, Metropolitan Commissioner Dr Sanjay Mukherjee has said.Speaking at the sixth edition of the Real Estate & Infrastructure Investors' Summit (REIIS) 2026 in Mumbai, Mukherjee said the authority was developing an integrated network of roads, tunnels, sea links and Metro corridors under its broader vision of “Mumbai in 59 Minutes”.The objective is to improve east-west and north-south connectivity an..

Next Story
Building Material

High-Performance Façades Gain Ground in Indian Buildings

High-performance façades are gaining greater importance in Indian architecture as developers and architects increasingly focus on energy efficiency, thermal comfort and building performance, according to Shankar Fenestrations & Glasses.The company said modern façade systems are increasingly being considered as part of a building's overall performance strategy rather than being used primarily as aesthetic elements.High-performance glass, curtain wall systems and structural glazing can contribute to thermal regulation, solar control, daylight management and indoor comfort. Their growing ad..

Next Story
Technology

SPML Infra's 104.4 kWh BESS Battery Pack Clears Global Tests

SPML Infra has announced that its proprietary 104.4 kWh Battery Energy Storage System (BESS) battery pack has completed key international safety, performance and transportation testing and certification requirements, marking a step towards its commercial deployment.Developed under the company's own intellectual property, the battery pack has completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2, IEC 61000-6-4 and UN38.3 standards.The testing covers areas including thermal runaway safety, battery performance, system functional safety, electromagnetic compatibility..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code