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The Telangana government is fast-tracking affordable housing initiatives to counter Hyderabad's rising property prices. The Telangana Housing Board (THB) is leading the effort, utilizing 700 acres of its land and 900 acres from Deccan Infrastructure along the Outer Ring Road (ORR). Consultants have been invited to strategize the developments. The government has also accelerated the Indiramma Housing Scheme, aiming to build 25 lakh homes in five years, with financial aid for landowners and non-landowners alike. Future plans include acquiring land near the Regional Ring Road (RRR). These measures aim to create an inclusive housing market and curb real estate inflation.
As Hyderabad property prices continue to increase, the Telangana government has accelerated its initiative to offer cheap housing for middle- and lower-income groups. The Telangana Housing Board (THB) has been made the main implementing agency of the state's new affordable housing policy. According to internal sources, the policy is to be finalized in coming months. Advertisement
The first part of the project will involve coming up with residential units on THB-owned land in 700 acres. Next will be extending the project to the additional 900 acres owned by Deccan Infrastructure and Land Holdings Limited (DIHL) but all projects are to be carried along the Outer Ring Road (ORR). Ahead of that, THB has already asked for expressions of interest (EOI) from consultants to come up with an overarching strategy on how to undertake the housing developments.
Besides, the state government also hastened the Indiramma Housing Scheme for constructing 25 lakh houses in five years. In the first phase, starting earlier this year, 3,500 houses per Assembly constituency are being sanctioned. Land holding beneficiaries are sanctioned INR 5 lakh towards construction cost assistance, and others without land holding are sanctioned a plot of land along with an equal amount of financial assistance. The scheme has received widespread public attention, with approximately 80 lakh applications received to date.
The board's last housing project was in Raviryal in 2011-2012 when Telangana was yet to be formed as a separate state from united Andhra Pradesh. Since then, the board has moved towards joint venture projects, where private developers were allowed to build housing on its land through revenue-sharing deals. These ventures did not yield much revenue, and hence the board made a strategic change.
In the future, THB is planning to buy land between the ORR and the planned Regional Ring Road (RRR) to support the city's fast growth. Though THB will be majorly dealing in housing for middle-income segments, the housing corporation will still develop projects for lower-income segments and economically weaker sections.
The Telangana government's emphasis on affordable housing is an important step towards curbing the rising real estate rates in Hyderabad. Through the use of state-owned land, implementation of systematic policies, and incorporation of mega-housing schemes like Indiramma, the government hopes to develop a more inclusive housing market. Expansion along infrastructural corridors like the ORR and RRR marks a vision for Hyderabad's long-term development. If executed efficiently, these initiatives could significantly reshape the city's real estate landscape, making homeownership accessible to a broader demographic while setting a benchmark for affordable housing policies in India.
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