Govt intends to place Hyd amongst leading 30 cities in globe, claims KTR

Hyderabad: The Telangana government intends to place Hyderabad amongst leading 30 cities worldwide, state Municipal Administration and Urban Development Minister KT Rama Rao stated on Friday.

“We are not competing with any other city in India – our aim is to put Hyderabad among the top 30 cities in the world so far as quality of life and economic competitiveness is concerned,” he stated while launching the yearly record of the division.

KTR, as the leader is famously recognized, mentioned that Mercer has actually ranked Hyderabad as the very best city in India in the “Quality of Living Index” for 6 years back to back. Hyderabad remains to be primary, be it acquiring power index, security index, health care index, price of living index, building cost to revenue proportion index, web traffic commute time index, air pollution index or the environment index.

On the real estate circumstance, he stated that Hyderabad has actually been the very best carrying out domestic market in 2021 with development in sales by 142 percent year- on-year “Hyderabad is the only city among the 8 metros, as per the study done by Knight Frank, that has not had a single year of price decline since 2014,” he stated.

The minister pointed out that real estate supply overhang decreased from 53 months in the very first quarter of 2021 to 27 months in the exact same duration in 2022 – a substantial 26 months decrease.

As per Anarock Report, Hyderabad stays one of the most budget friendly domestic market amongst the leading 7 cities, with typical price of Rs 4,450 per square feet. So much as industrial room is worried, Hyderabad has actually fallen Bengaluru as India’s leading commercial real estate location in regards to gross workplace last year.

As per the Telangana Socio-Economic Outlook 2022, the share of city populace in Telangana is 46.8 percent versus the nationwide standard of 31.16 percent. Telangana amongst the leading 3 urbanised states in the country and also contrasts positively with city populace of Tamil Nadu at 48.45 percent, Kerala at 47.23 percent, and also Maharashtra at 45.23 percent.

NITI Aayog CEO Amitabh Kant had actually lately pointed out that India is most likely to have 50 percent of its populace as city by 2050. Telangana is much in advance of this fad as it is positioned to have 50 percent of its populace in city locations by 2025 itself, he included.

After the development of Telangana, the complete variety of Urban Local Bodies (ULBs) enhanced from 69 to 142. The complete location under 142 ULBs comprises much less than 3 percent of state’s land mass yet they add near to two-thirds of the state’s GDP.

During 2021-22, monetary help of Rs 2,062 crore was offered to 142 ULBs under the Pattana Pragathi Programme which is focused on enhancement of hygiene and also framework in ULBs.