Integrated township policy for Hyderabad approved
Township Policy to decongest Hyderabad, by encouraging real estate development beyond the Outer Ring Road (ORR), has been approved
WAREHOUSING & LOGISTICS

Integrated township policy for Hyderabad approved

Approval of the recently proposed integrated township policy by the state government has made way for the decongestion of Hyderabad and paved the path for the growth of the IT sector in the region, particularly in the northern and eastern parts.

The announcement was made by Industries, IT, and Municipal Administration and Urban Development Minister KT Rama Rao on Wednesday. Rao stated that the policy had been undertaken to encourage real estate development beyond the Outer Ring Road (ORR). With a view to improve balanced development, the policy intends to ease congestion in the core city of Hyderabad primarily by incentivising realtors to set up a greater number of satellite townships.

The Minister who is in the city for the inauguration of Knight Frank India’s new office further added that one of the foremost objectives behind implementing the integrated township policy is to foster the philosophy of “Live, Work, Learn and Play” self-contained townships that aim to drastically reduce traveling to the city. Following Cabinet approval, post which he had signed the policy on Tuesday, the Minister also said that the salient features of the policy will be made public knowledge shortly.

The mention of the policy came in the light of the Minister highlighting other pertinent measures aimed at developing new roads and flyovers such as the strategic road development. Additionally, he also underlined Hyderabad’s booming prospectivity in terms of investment of infrastructure, citing developments such as the setting up of the metro rail network and the proposed elevated bus corridor from Kukatpally to Western Hyderabad to corroborate his statement. While stating the expansion of the metro rail network, the Minister further added that the plight of crumbling infrastructure under the aggression of rapid urbanisation is a major challenge that plagues most cities in the country.

Highlighting the need for good public transportation in large cities and self-contained suburban townships, the Minister vocalised the government’s desire to achieve this very same objective for Hyderabad via the integrated township policy. Keeping in mind the flourishing IT hub in the western parts of the city, he further said that among the primary objectives to decongest the city was a vision of encouraging the growth of the IT sector in the eastern and northern parts of Hyderabad. Since the formation of Telangana in 2014, Hyderabad’s IT exports have more than doubled from Rs 56,000 crore to Rs 128,000 crore. Ranked second in the country in terms of office space absorption, the move and measures to decongest the city assume added significance with respect to these contexts.

The state’s policies continue to attract not only IT collaborators but also shareholders from the fields of aerospace, defence, life sciences, textiles, logistics as well as food processing sectors. Citing the fact that the city is responsible for the manufacture of one-third of vaccines across the globe, the Minister stated that Hyderabad is poised to play a pivotal role at the time of development of the Covid-19 vaccine as well.

Approval of the recently proposed integrated township policy by the state government has made way for the decongestion of Hyderabad and paved the path for the growth of the IT sector in the region, particularly in the northern and eastern parts. The announcement was made by Industries, IT, and Municipal Administration and Urban Development Minister KT Rama Rao on Wednesday. Rao stated that the policy had been undertaken to encourage real estate development beyond the Outer Ring Road (ORR). With a view to improve balanced development, the policy intends to ease congestion in the core city of Hyderabad primarily by incentivising realtors to set up a greater number of satellite townships. The Minister who is in the city for the inauguration of Knight Frank India’s new office further added that one of the foremost objectives behind implementing the integrated township policy is to foster the philosophy of “Live, Work, Learn and Play” self-contained townships that aim to drastically reduce traveling to the city. Following Cabinet approval, post which he had signed the policy on Tuesday, the Minister also said that the salient features of the policy will be made public knowledge shortly. The mention of the policy came in the light of the Minister highlighting other pertinent measures aimed at developing new roads and flyovers such as the strategic road development. Additionally, he also underlined Hyderabad’s booming prospectivity in terms of investment of infrastructure, citing developments such as the setting up of the metro rail network and the proposed elevated bus corridor from Kukatpally to Western Hyderabad to corroborate his statement. While stating the expansion of the metro rail network, the Minister further added that the plight of crumbling infrastructure under the aggression of rapid urbanisation is a major challenge that plagues most cities in the country. Highlighting the need for good public transportation in large cities and self-contained suburban townships, the Minister vocalised the government’s desire to achieve this very same objective for Hyderabad via the integrated township policy. Keeping in mind the flourishing IT hub in the western parts of the city, he further said that among the primary objectives to decongest the city was a vision of encouraging the growth of the IT sector in the eastern and northern parts of Hyderabad. Since the formation of Telangana in 2014, Hyderabad’s IT exports have more than doubled from Rs 56,000 crore to Rs 128,000 crore. Ranked second in the country in terms of office space absorption, the move and measures to decongest the city assume added significance with respect to these contexts. The state’s policies continue to attract not only IT collaborators but also shareholders from the fields of aerospace, defence, life sciences, textiles, logistics as well as food processing sectors. Citing the fact that the city is responsible for the manufacture of one-third of vaccines across the globe, the Minister stated that Hyderabad is poised to play a pivotal role at the time of development of the Covid-19 vaccine as well.

Next Story
Infrastructure Transport

LT considers exit amid free rides

Larsen & Toubro (LT), the infrastructure giant, is contemplating exiting the Hyderabad Metro project due to significant revenue losses attributed to free bus rides. The potential departure of LT from this vital infrastructure initiative could have profound implications for the city's public transportation landscape.

The Hyderabad Metro, a joint venture between LT and the Hyderabad Metro Rail Limited (HMRL), has been instrumental in easing commuting woes since its inception. However, the provision of complimentary bus services alongside metro rides has substantially impacted LT's reven..

Next Story
Infrastructure Transport

L&T optimistic about Hyderabad Metro ridership post IT Sector return

Larsen & Toubro (L&T) is optimistic about an increase in ridership on the Hyderabad Metro once employees from the Information Technology (IT) sector return to their offices. The company anticipates that the resumption of regular office operations will lead to a surge in metro commuters, boosting the system's ridership and revenue.

The Hyderabad Metro, operated by L&T, has witnessed a decline in ridership during the COVID-19 pandemic, primarily due to remote work arrangements and reduced office occupancy. With many IT companies transitioning to remote work policies and implementing flexi..

Next Story
Infrastructure Urban

Piramal Funds Hyderabad Villa Project

Piramal Capital & Housing Finance has committed a substantial investment of nearly ?3 billion towards the ambitious villa development project spearheaded by Cybercity Builders & Developers in Hyderabad.

Cybercity Developers, in a strategic move, acquired land from Phoenix Group, a notable real estate entity. Notably, one of Phoenix Group's subsidiaries had previously procured the land from Gulf Oil India, a prominent company under the Hinduja Group umbrella.

The investment from Piramal Capital not only underscores confidence in Cybercity's project but also reflects the growing a..

Next Story
Infrastructure Urban

Kerala Boosts Logistics Capability to Enhance Economic Infrastructure

Kerala is intensifying efforts to bolster its logistics capabilities, aiming to fortify economic infrastructure and stimulate growth across various sectors. The state government's proactive measures include strategic investments and infrastructure enhancements to streamline transportation and logistics operations.

With a focus on improving connectivity and efficiency, Kerala plans to optimize existing logistics networks while developing new infrastructure projects. This initiative aims to reduce transit times, lower operational costs, and facilitate smoother movement of goods within and..

Next Story
Infrastructure Urban

KSH Logistics Expands Chennai Facility

KSH Logistics, a prominent player in the logistics and warehousing sector, has announced a significant expansion of its operations in Chennai. The company has augmented its multi-client facility, increasing its total capacity to a substantial 25,000 square feet. This expansion marks a strategic move by KSH Logistics to bolster its presence and enhance its service offerings in the vibrant logistics landscape of Chennai.

Chennai, often hailed as the 'Gateway to South India,' holds immense significance as a logistics hub due to its strategic location and robust infrastructure. With an aim..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram