HYDRAA’s Buffer Zone Crackdown Sparks Panic Among Homebuyers
A few owners are taking to social media to invite suggestions from real estate experts.
image for illustrative purpose
With HYDRAA intensifying its operations in both Hyderabad and Secunderabad, there is a sense of panic among homeowners in the twin cities.
They have been calling builders to inquire whether their properties were built in FTL or buffer zones.
A few owners are taking to social media to invite suggestions from real estate experts, while others are busy visiting government departments such as revenue, municipalities, GHMC, and others.
Not just homeowners, but people who have bought flats and are yet to go for registration are also worried, as they are skeptical about their handover timelines as promised.
In particular, people who have purchased homes close to water bodies are expressing concerns.
HYDRAA has already impacted the real estate sector.
People are thinking twice before buying homes located close to water bodies.
Recently, HYDRAA Commissioner AV Ranganath said that they will not demolish houses already built but will only demolish new constructions built in FTL and buffer zones.
The Commissioner also suggested that people be conscious before making a purchase.
