The Metropolitan Development Plan -2031 for Hyderabad Metropolitan Region (HMR) along with Zoning and Development Promotion Regulations has been sanctioned by the State government this week. The Plan with all details will be put on display at the Hyderabad Metropolitan Development Authority (HMDA) office, Tarnaka, from February 1 on all working days between 11 a.m. to 4 p.m.

The display will be available for general public till the Metropolitan Development Plan-2031 is made available for sale as soft copy.

It can also be viewed on the HMDA website ‘www.hmda.gov.in’.

Realtors hail RBI decision to cut policy rates

Realty developers and property consultants have hailed the RBI’s decision to cut key policy rates, saying that it is a positive step that will boost housing demand and encourage foreign investment in the sector.

The Reserve Bank of India (RBI) recently cut short-term lending rate, called repo, by 0.25 per cent to 7.75 per cent and Cash Reserve Ratio (CRR) by a similar margin to 4 per cent, releasing Rs 18,000 crore primary liquidity into the system.

Developers and consultants expect the move would lead to reduction in interest rates for buyers as well as builders.