“NAREDCO urges state government to ensure successful implementation of BHU-Bharati for effective urban development.”

Real estate industry body National Real Estate Development Council (NAREDCO) has urged the state government to ensure effective implementation of the Building Regularisation Scheme (BHU Bharati) in Hyderabad. NAREDCO emphasized the need for streamlining the process to facilitate the regularization of unapproved and illegal constructions in the state. The organization highlighted the importance of providing relief to property owners who have inadvertently or unintentionally violated building regulations. NAREDCO also stressed the significance of protecting the interests of homebuyers and promoting a transparent regulatory framework in the real estate sector. The call for efficient implementation of the BHU Bharati scheme comes in the wake of increasing demand for regularization of unauthorized constructions in Hyderabad. By addressing the concerns related to illegal structures and unapproved layouts, the state government can ensure compliance with building norms and enhance the overall development of the real estate sector in the region. NAREDCO’s advocacy for effective implementation of the scheme aims to create a conducive environment for property owners, developers, and investors while upholding regulatory standards. The real estate industry body’s recommendations align with the government’s efforts to promote sustainable urban development and improve the ease of doing business in Hyderabad. With collaborative efforts between stakeholders and authorities, the regularization process can contribute to the growth and stability of the real estate market in the state.

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