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The Hindu-Government is simplifying regulations to boost realty sector in Andhra Pradesh, says Municipal Administration Minister

Municipal Administration and Urban Development (MAUD) Minister P. Narayana has said that the State government wants to give a fillip to the real estate sector in the State and as part of this regulations are being simplified. He said that construction and layout approvals are being simplified adding that the new building construction regulations will be issued next Thursday. The Minister urged builders to cooperate with the government at a special meeting organised on the pending Real Estate Regulatory Authority (RERA) applications, here on Monday.

 

Mr. Narayana said that a committee would be set up to simplify RERA regulations and that the process of issuing RERA permits would be done online.  All pending TDR bonds will be issued by the end of January. Due to irregularities in Tanuku and Tirupati, the issuance of TDR bonds was temporarily halted in all areas. Recently, the issuance was resumed in all areas except one or two places, he said.

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