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Real Estate Forum on Hmda Updates

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Q: I heard they the HMDA has come up with a installment scheme for big builders. What is this about? How does it work?
Latest Answer: Municipal Administration and Urban Development Department (MA&UD) was the one that came up with this idea as they allowed HMDA to do this back in 2009 by issuing a GO (MS No 583). Back then, the developmental charges could have been paid by three equal installments through a post dated cheques.
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Q: Hello, I read that 23 lakes will be protected in Hyderabad city. How true is this? Is this really happening?
Latest Answer: A couple years ago in 2012 government has issued a circular restricting any building activity in the FTL area and had suggested to build a recreational centre or green buffer zone. Also it was said that any building must be destroyed without any hesistation if they violated the law.
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