Latest news with #NAREDCOTelangana
Time of India
23-04-2025
- Business
- Time of India
Ensure effective implementation of Bhu Bharati: NAREDCO to state govt
Hyderabad: Extending its support to Bhu Bharati and BuildNow, the National Real Estate Development Council (NAREDCO) has urged the Telangana govt to ensure effective implementation and continuous stakeholder engagement to unlock the full potential of both applications. NAREDCO Telangana stated that Bhu Bharati enhances transparency with verified land data, accelerates approvals through faster mutation and registration processes, and mitigates legal uncertainty through defined appeal mechanisms and jurisdiction rules based on land market value. "The linkage between land valuation and administrative authority further strengthens clarity in project budgeting and pricing. The portal is expected to open up new development zones, especially in rural and semi-urban regions, fostering real estate expansion beyond urban centres," said Vijaya Sai Meka, President of NAREDCO Telangana.
The Hindu
23-04-2025
- Business
- The Hindu
NAREDCO Telangana backs government's Bhu Bharati and BuildNow initiatives
The National Real Estate Development Council (NAREDCO) Telangana has extended its support to the Telangana government's recently launched Bhu Bharati portal and the BuildNow application, hailing them as transformative steps towards strengthening land governance and accelerating real estate growth, especially in rural and semi-urban parts of the State. Expressing appreciation for the government's proactive approach during a press conference held in Hyderabad on Wednesday, NAREDCO Telangana said the Bhu Bharati portal aims at addressing long-standing land-related challenges in Telangana. 'The Bhu Bharati initiative marks a significant stride toward a transparent and efficient land administration system in Telangana. It will reduce legal uncertainty, simplify property transactions and open up new development zones, particularly in semi-urban and rural areas,' said Vijaya Sai Meka, president of NAREDCO Telangana. In addition, NAREDCO Telangana lauded the government's efforts to simplify the building approval process through the BuildNow application, which replaces the existing TG-BPASS system. 'The BuildNow application is a milestone that will further ease project execution and enhance the ease of doing business in Telangana. By involving industry stakeholders during development, the government has shown commendable foresight,' he said.
