Planning experts and real estate majors say that the state government should encourage Special Residential Zones on the lines of Special Economic Zones in Hyderabad outskirts. They also urged the government to develop social infrastructure in the suburbs to decongest the core city. The Confederation of Real Estate Developers Association of India (CREDAI) recently suggested that SRZs would solve the housing problem in urban areas and would bring real estate within the reach of all and not just the privileged.
SRZs may be given special incentives and tax breaks like SEZs and this would encourage real estate developers to foray into the segment of affordable housing in a big way. "Rich people are able to purchase homes in cities and the government is taking care of the poor through Indiramma houses," said Mr Ramakant Dande, director of SLV Estates. "Middle class sections are totally neglected." He urged the Chief Minister, Dr Y.S. Rajasekhar Reddy to look into the SRZ proposal, to solve this problem.
"It is high time the government improved social infrastructure such as hospitals and educational institutes in the outskirts where construction activities are taking place in a big way," said Mr G. Yoganand, secretary of the AP Builders Forum. The GHMC commissioner, Mr S.P. Singh, told this correspondent that it would take at least two years for the improvement of amenities in the outskirts on par with the core city. "We are giving top priority for developing a drainage system with Rs 1,500 crore," he said.
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