In a move that could significantly bolster the construction and real estate industry in Telangana, the state government has amended Transferable Development Rights (TDR) norms. The latest amendments to the Telangana Building Rules, 2012 classify buildings measuring 21 meters or more as high-rise structures.
Representatives from CREDAI National, CREDAI Hyderabad, and NAREDCO Telangana have expressed their appreciation for these reforms in a joint statement, thanking Chief Minister Revanth Reddy for his progressive approach to urban development. The revised TDR rules are expected to benefit multiple stakeholders including landowners, developers, homebuyers, and urban local bodies.
The amendments offer greater flexibility to developers as they can now construct up to 11 floors, an addition of three floors compared to the previous regulations. This height allowance could potentially stabilize and reduce apartment prices, making housing more affordable for buyers, according to Gummi Ram Reddy, President-Elect of CREDAI National.
Industry leaders anticipate a significant increase in demand for TDR as these reforms take effect. Previously, due to limited demand, TDR was traded at around 25% of its market value. However, with the new changes, this is expected to rise to 50–70%, depending on location.
The amendments also create a more enabling environment for real estate growth by removing earlier constraints and allowing for improved infrastructure development on roads of 40, 60, and 80 feet in width. These changes are expected to promote sustainable and planned urban growth across the state.
