+
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
Real Estate

Mumbai Central Emerges as a New Luxury Residential Corridor

Mumbai Central is emerging as a growing premium residential micro-market in South Mumbai, supported by improved connectivity, new redevelopment projects and proximity to major business districts.Residential capital values in the area are currently estimated at around ₹50,000-₹85,000 per sq ft, compared with ₹85,000 to more than ₹1.5 lakh per sq ft in parts of Worli, according to market estimates cited by industry players. The area has also recorded annual appreciation of around 14-18 per cent, although transaction activity and pricing vary across projects and locations.The area's chang..

Next Story
Technology

Bridgestone India Opens New Select Store in Pune

Bridgestone India has opened a new Bridgestone Select Store at Hinjewadi Phata in Pune, strengthening its retail presence in the city and Maharashtra.The new outlet, Deepraj Tyres, is located at Hinjewadi Phata/Wakad Bridge. Designed as a one-stop destination for passenger vehicle owners, the store offers tyres, expert guidance and wheel care services supported by modern equipment.“Pune is an important market for Bridgestone. The opening of this Select Store in the city reflects our commitment to offering customers easy access to premium products and trusted services. Our focus is on buildin..

Next Story
Infrastructure Transport

VECV, Rosmerta Partner for Authorised Vehicle Scrapping in NCR

VE Commercial Vehicles (VECV) and Rosmerta Auto Recycling Pvt Ltd (RARPL) have entered into a strategic partnership to facilitate the authorised scrapping and recycling of end-of-life (ELV) commercial vehicles across the National Capital Region (NCR).The collaboration will provide Eicher Trucks and Buses dealers and customers with access to a structured, transparent and compliant vehicle scrapping process. It aims to help commercial vehicle owners retire ageing trucks and buses through authorised channels while supporting fleet renewal and responsible resource recovery.The partnership comes as..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code