Telangana’s ‘BuildNow’ Initiative: Accelerating Infrastructure and Real Estate Growth

Introduction

Telangana’s ‘BuildNow’ initiative aims to streamline the process of obtaining approvals for construction projects, ultimately boosting infrastructure and real estate development in the state. By reducing bureaucratic hurdles and increasing transparency. This initiative is expected to attract more investments and spur economic growth in Telangana.

Table of Contents

• Overview of Telangana’s ‘BuildNow’ Initiative
• Key Objectives of the Telangana’s ‘BuildNow’ Initiative
• Impact on Infrastructure Development in Telangana
• Role of ‘BuildNow’ in Boosting Real Estate Growth
• Top Infrastructure Projects Under the ‘BuildNow’ Initiative
• How ‘BuildNow’ is Supporting Affordable Housing Projects?
• Promoting Sustainable and Green Infrastructure in Telangana
• BuildNow: Faster, Smarter, Unified Approvals
• Tech-Driven Transparency and User Empowerment
• Opportunities for Investors in Telangana’s Real Estate Sector
• ‘BuildNow’ and Improved Connectivity Across Telangana
• Frequently Asked Questions

Overview of Telangana’s ‘BuildNow’ Initiative

Telangana’s ‘BuildNow’ initiative is a key policy launch to promote and accelerate the construction and real estate sectors in the state. The initiative is designed to streamline processes, provide incentives, and foster a conducive environment for rapid infrastructure development.

By simplifying the approval and regulatory mechanisms for construction projects, the state government aims. Ensure that real estate and infrastructure development is faster and more efficient. The ‘BuildNow’ initiative is part of the state’s broader vision to enhance urban development, boost employment, and attract investments in the infrastructure sector.

Key Objectives of the Telangana’s ‘BuildNow’ Initiative

• Easing Regulatory Bottlenecks: One of the key goals of ‘BuildNow’ is to eliminate the traditional delays and red tape that hinder construction projects. By offering online platforms and digital solutions, the initiative enables faster processing of approvals for land acquisition, building permits, and other essential permits.
• Affordable Housing Revolution: Telangana is committed to ensuring affordable housing becomes a reality for its citizens. The initiative facilitates the construction of more affordable homes, addressing the needs of lower- and middle-income groups, which in turn helps to meet growing urbanization demands.
• Sustainable Development: The initiative promotes sustainable construction practices, encouraging the use of green technologies and renewable energy in the building sector. This move is crucial for minimizing environmental impact and promoting long-term growth in both urban and rural areas.
• Economic Growth Through Employment: By prioritizing construction projects, the ‘BuildNow’ initiative is expected to generate thousands of jobs. From construction workers to architects, engineers, and urban planners, further boosting the state’s economy.
• Attracting Investments: Telangana’s favorable business environment, enhanced by the ‘BuildNow’ initiative. Makes it a prime destination for real estate and infrastructure investments, both from domestic and international markets.

Impact on Infrastructure Development in Telangana

• Expedited Urban Transformation: Hyderabad, the state capital, has seen rapid improvements in its infrastructure, such as improved roads, public transport, and urban amenities. The ‘BuildNow’ initiative helps meet the demands of a growing population by modernizing infrastructure at an accelerated pace.

• Revitalization of Rural Areas: While urban centers benefit from the initiative, rural areas have not been left behind. Through investments in road networks, water management systems, and power infrastructure, rural Telangana is experiencing significant transformation, making rural life more convenient and productive.

• Smart City Projects: As part of Telangana’s push towards a digital future, the ‘BuildNow’ initiative is contributing to the establishment of smart cities within the state. These cities incorporate advanced technologies to improve the quality of life through better waste management, enhanced security systems, and optimized resource usage.

• Green Infrastructure and Eco-Friendly Projects: The initiative encourages developers to incorporate eco-friendly materials, energy-efficient solutions, and environmentally conscious designs in their construction projects. Green buildings, solar-powered infrastructures, and sustainable public spaces are becoming integral parts of the landscape.

• Enhanced Connectivity: One of the core components of the initiative is improving transportation networks. Whether through building new roads, flyovers, or expanding the metro system. This increased connectivity boosts trade, improves commute times, and creates a more interconnected region.

Role of ‘BuildNow’ in Boosting Real Estate Growth

BuildNow, with its potential to usher in rapid real estate acceleration in Telangana, simplistically assists in bringing about regulations and acceleration of the construction work process. This initiative resolves long-standing grievances like bureaucratic snags, transparency in approvals, and a comprehensive issue surrounding the good old approval. The process slows down the pace of proceeding with real estate projects.

It removes all obstacles in the way of the developers for them to approach large-scale housing and commercial projects by granting a plug-and-play model for approvals. In addition, it opened up the sector for maximum private sector participation. The drawing investments and promoting real estate as yet another rapidly growing sector in Telangana.

Top Infrastructure Projects Under the ‘BuildNow’ Initiative

Through the ‘BuildNow’ Initiative, a range of infrastructure initiatives are being implemented to enhance connectivity. Improve urban living and positively impact the economy. Several of the most impressive initiatives comprise.

With its position as one of the biggest pharmaceutical manufacturing centers. Hyderabad Pharma City’s project aims to establish a world-class infrastructure that supports the life sciences industry. Advanced facilities for research, development, and manufacturing will be provided. ‘BuildNow’ has been the driving force behind the implementation of several road widening and flyover projects, with the goal of decreasing traffic congestion and improving connectivity. These involve the building of elevated corridors and road improvements to connect key business hubs to major cities.

Under the initiative, the Hyderabad Metro Expansion will be expanded with new lines connecting urban areas to commercial and residential areas. Which will also promote sustainable public transport and reduce travel times. The ‘BuildNow’ initiative is helping to transform various cities in Telangana into smart cities, according to reports. The use of advanced technologies like IoT, data analytics, and automated systems is incorporated in these projects to improve services like waste management or traffic control.

How ‘BuildNow’ is Supporting Affordable Housing Projects?

The ‘BuildNow’ Initiative aims squarely at increasing the availability of affordable housing in the state of Telangana. With lessening regulatory bottlenecks and financial incentives to the developers, the state will encourage them to proceed with the construction of budget-friendly housing units. Some forms of support for affordable housing including:

• Subsidized Land Cost: Subsidized land rates are charged by the state from the developers willing to build affordable housing units, lessening the overall construction cost.
• Faster Approvals for Low-Cost Housing: The permits and regulatory approvals concerning affordable housing would be processed more quickly. Which would enable developers to undertake construction activities with minimal delays.
• Public-Private Partnerships (PPP): The government will develop public-private partnerships, through the ‘BuildNow’ initiative. In which private developers and government bodies collaborate to create additional affordable housing stock.
• Tax Breaks and Incentives: The government provides exemption from taxes, reduced stamp duties, and a variety of other incentives for affordable housing projects. Thus, ensuring that developers generate maximum returns while simultaneously delivering housing into the hands of those who need it.

Promoting Sustainable and Green Infrastructure in Telangana

Telangana is promoting sustainable and green infrastructure through initiatives in renewable energy, tree planting, and urban planning. 

Renewable energy 

• Solar and wind power: Telangana has policies that encourage renewable energy projects, including incentives, streamlined permissions, and infrastructure support.
• Wind-solar hybrid parks: The state government plans to establish wind-solar hybrid parks to diversify its renewable energy portfolio.
• Biomass and waste-to-energy: Telangana is using agricultural residues and urban waste to generate energy.
• Green Energy Fund: The state government announced a fund to support research and innovation in renewable energy technologies.

Tree planting 

• Telangana Ku Haritha Haram: This flagship program aims to increase the state’s tree cover from 24% to 33%.
• Vertical gardens: The program includes planting vertical gardens under flyovers.
• Avenue plantations: The program includes planting trees along avenues.

Urban planning 

• Green belt initiative: This initiative aims to preserve urban greenery and improve environmental quality.
• Zoning regulations: The initiative may restrict development near green belt areas, but it also creates opportunities for sustainable projects.

BuildNow: Faster, Smarter, Unified Approvals

The BuildNow system will be live on February 1, 2025, after the training of architects, government officials, and resident welfare associations. The new system will reduce the approval time for high-rise complex buildings from weeks to minutes. BuildNow can scrutinize buildings with 3 towers each with over 40 floors in 2 minutes. Earlier TG-bPASS used to take 2-30 days, depending on the project size, for such approvals.

TG-bPASS required users to switch between multiple platforms. BuildNow has a single portal for application submission, status tracking, and fee payment. For smaller projects, BuildNow will reduce the application time. For non-high-rise buildings, approvals will take 15 days instead of 21. Occupancy certificates will be issued in 10 days.

Tech-Driven Transparency and User Empowerment

According to the municipal administration department, the platform has an AI-driven virtual assistant. It will guide the user through the application process, answer queries, and provide personalized support. One of the key features of BuildNow is its integration with Telangana Real Estate Regulatory Authority (TG RERA). It will provide the buyer with accurate and accessible information on building permissions and hence more transparency.

It also has 3D visualization and augmented reality (AR) tools. Users can see the proposed buildings and layouts in the real world. Officials said BuildNow fills the gaps in accountability of the previous system. It has more transparency in building approval details and transaction visibility.

Opportunities for Investors in Telangana’s Real Estate Sector

Telangana has already captured the investor’s eyes with growing commercial, residential, and various other properties within emerging suburbs.

Commercial real Estate

• Demand for office spaces: There is increase the demand for rented office spaces, retail units, and also mixed-use developments.
• Strategically positioned establishments: Properties located on strategic city sites provide high negotiation potential.
• High initial investment: Investing in commercial real estate requires large capital.

Residential real estate

• Luxury homes: The luxury-residential-type properties in the preferred areas are in great demand.
• Affordable properties: These are affordable properties in upcoming areas, such as Tellapur and Manikonda, which provide good value for money.
• Stable rental properties: Such properties for rent generate steady rental income in areas such as IT-centric Kondapur and HITEC City.

Emerging areas

• Tellapur: Located on the outskirts of Hyderabad, this area is now on the rise because of lower property prices and planned infrastructure developments.
• Tukkuguda: This area is on the rise presently and is likely to see increased demand for real estate to follow soon.
• Shamshabad: In the years to come, this locality is expecting to witness a growth spurt in the demand and value of its real estate.

‘BuildNow’ and Improved Connectivity Across Telangana

BuildNow will improve the entire connectivity across the state of Telangana and connect the urban forts and rural habitations. It will accelerate connectivity through strong transportation and allow fast and efficient movement of people and goods.

Key Connectivity Projects Under BuildNow

• Strategic Road Development: This project will widen roads, build flyovers and bypass roads to overcome bottlenecks in major urban clusters like Hyderabad.
• Metro Rail: BuildNow will support the extension of Hyderabad Metro to the connecting areas to business districts and reduce daily commutes.
• Logistics and Industrial Corridors: New corridors will be create for industrial hubs to ports and adjoining states to boost trade and economy.
• Rural Access Roads: Building main roads to remote villages will ensure balanced development and equal access to services.

Conclusion

Telangana’s “BuildNow” scheme is set to fast-track the process of securing construction permissions and approvals to boost infrastructure and real estate projects in the state. It is likely to attract more investments and accelerate economic growth in Telangana. The BuildNow initiative aims to create a more conducive environment for developers and investors by simplifying and speeding up the approval process. For more information, visit openplot.

Also read Advantages and Disadvantages of the Real Estate Regulatory Authority (RERA) Act The Real Estate Regulatory Authority Act has been praised for bringing transparency and accountability to the real estate sector and protecting the interests of homebuyers. However, critics argue that the stringent regulations and compliance requirements. RERA Act has increased project costs and slowed down development processes. RERA Act: Impact on Investing in Indian Real Estate The Real Estate (Regulation and Development) Act is commonly known as the RERA Act. This was implemented in India in 2016 to regulate the real estate sector and protect the interests of homebuyers. This act has brought transparency, accountability, and efficiency to the industry. They are making it a more attractive option for investors looking to capitalize on the growing Indian real estate market. Telangana RERA Fines DLF Gayatri and Krithika Developers Telangana RERA has imposed fines on DLF Gayatri and Krithika Developers for violating regulations related to real estate projects. The fines were levied due to non-compliance with transparency and accountability measures set forth by the RERA Act.

Frequently Asked Questions