365telugu.com online news,New Delhi,september 1st,2025: Mr. Sarfaraz Ahmed, Metropolitan Commissioner of the Hyderabad Metropolitan Development Authority (HMDA) and Managing Director of Hyderabad Growth Corridor Ltd., has called upon NAREDCO and other infrastructure developers to actively participate in shaping “New Hyderabad” through the development of roads and essential utilities.
Speaking on the second day of the NAREDCO 17th National Convention, Mr. Sarfaraz announced that Hyderabad’s master planners are set to begin work on a 350 km regional ring road, marking the first phase of the city’s expansion.
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“This Phase-I development will require about 1,000 acres of land, for which tenders have already been floated,” he noted. He also mentioned that metro rail and other infrastructure facilities in Andhra Pradesh will be expanded in parallel as part of this growth plan.
Outlining the long-term vision, Mr. Sarfaraz said nearly 30,000 acres would be needed to support the city’s expansion, with policymakers preparing a Master Plan 2050 to ensure systematic, sustainable, and future-ready development.
Adding to the discussion, Mr. G. Hari Babu, President of NAREDCO, urged state governments, including Andhra Pradesh, to reduce stamp duty to 1% for new city expansion projects. “Such a move will incentivize real estate developers to undertake large-scale development,” he said.
Mr. Hari Babu also called for substantial tax reductions in the real estate sector and pressed the Andhra Pradesh government to finalize plans for a new airport in Amaravati in consultation with the Centre, to complement the region’s growth.