Hyderabad: In a significant move aimed at boosting resource mobilisation, the state govt has announced that property registration values will be revised from May first week. The govt has directed the registration department to make necessary arrangements for implementation.The decision, taken by the cabinet sub-committee on resource mobilisation, marks the end of a year-long pause on the proposed hike. The revision, originally planned last year, was deferred due to the slowdown in the real estate sector and repeated appeals from real estate associations to postpone the hike. With market conditions stabilising, the govt has now decided to move ahead without further delay. Alongside the registration value revision, the govt also discussed the Hyderabad Industrial Land Transformation (HILT) Policy, which will now be implemented. First announced six months ago, the policy had been pending due to the absence of clear guidelines. The HILT policy allows industrial landowners to change land use by paying a prescribed fee to the govt.Deputy chief minister Bhatti Vikramarka, joined by ministers N Uttam Kumar Reddy, Sridhar Babu, Jupally Krishna Rao, and others, chaired a review meeting on Friday. They said that the policy would be implemented in a democratic manner, with consultations involving industrial associations to balance the interests of Hyderabad and the state. Representatives from various industrial estates also participated, offering their perspectives. Industry concerns Several industrial representatives raised concerns about pollution and land use. Some suggested relocating polluting industries beyond the Outer Ring Road (ORR), a proposal welcomed by the deputy CM, who assured that all opinions would be considered. Under the undeveloped land (UDL) policy, Bhatti highlighted the need for joint development efforts involving the Centre, state, and industrial park representatives. Suggestions included setting up industrial parks between the ORR and the Regional Ring Road, modelled on China’s approach. The deputy CM welcomed these ideas, stressing that the govt’s priority is development, not disruption. Sridhar Babu added that industries must thrive while ensuring minimal pollution. He noted that the govt remains flexible on the HILT policy and revealed that the new industrial policy mandates dormitory facilities for workers. Looking ahead The govt has reiterated that before finalising HILT guidelines, inputs from industrial associations will be incorporated. With property registration values set to rise from May 1 and the HILT policy moving towards implementation, the state is signalling a decisive push toward resource mobilisation and industrial transformation, experts said.
