FIRST Construction Council experts debate Hyderabad's FSI policy

June 13, 2022 23:30 IST | ANI Press Release
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FIRST Construction Council experts debate Hyderabad's FSI policy

After a tremendous feat in Ahmedabad, Bengaluru and Delhi - FIRST CONSTRUCTION COUNCIL with CONSTRUCTION WORLD made successful inroads in Hyderabad and organised the CONSTRUCTION WORLD Design-Build Conclave and Awards. Held recently at Hotel Hyatt Gachibowli Hyderabad, the event catered to the who's who of the design and build industry - real estate builders and developers, architectural firms, design firms, government and industry.

The event was graced by Guest of Honour and Padma Shri BVR Mohan Reddy, Founder Chairman and Board Member, CYIENT, and he was also felicitated for his contributions to Telangana. While thanking CONSTRUCTION WORLD, he stated, "The IT sector and innovation hubs are the way to go to grow Hyderabad into an economic powerhouse." Vidyadhar Rao, Director of Town and Country Planning (DTCP), Government of Telangana, and Secretary RERA, presented the awards to architects and builders.

While this set the perfect tone for the event, Pratap Padode, Founder, FIRST Construction Council, presenting facts and figures on real estate scenario in Hyderabad informed that, "Hyderabad has the highest share in demand and supply among all south Indian cities and sales have crossed pre-pandemic levels by 20 per cent." JVS Ramakrishna, Business Leader - Smart Cities and Smart Utilities, L & T, delivered the Keynote Address on his perspective on the 'Current Scenario of the Real Estate Sector'. Further, addressing the 'Impact of Metro on the Real Estate Market in Hyderabad' was P Ravi Shankar, Vice President and Head of Transit-Oriented Development, Project Control and Contracts - L & T Metro Rail (Hyderabad), in his Keynote.

Deliberating on the need of rethinking and improving architectural methodology in the pursuit of better work was the panel discussion on 'Rethinking Architectural Methodology'. Moderated by Ajay Kumar, Senior Executive Director, CBRE - the speakers discussed the current design practices and how lean architecture is the key for design-build success in India. The eminent panel included Ar Ramakrishna Shenoy, Principal Architect, Arkade Sign Studio; Ar Rupam Dey, Director, SEP Architects; Ar Rajeev Kumar Sharma, Managing Director, Designhaaus; and Ar Raj Amudula, Principal Architect, Raj Architects.

This was followed by a highly interactive panel discussion on 'Builders Connect: Real Estate Market in Hyderabad Set to Boom'. Moderated by Sreekanth Reddy, Sr Director, Cushman and Wakefield, the speakers conversed on best practices for design-build procurement, contracts, and project delivery in India - specially in Hyderabad. Eminent speakers included B Sunil Chandra Reddy, President, NAREDCO - Telangana Real Estate Developers Association; Nanda Kishore M, Managing Director, Ramky Estates and Farms; SP Reddy, Chairman and Managing Director, Terminus Group; Shivani Reddy, Managing Partner, Rami Reddy Constructions; and Shahab Naqvi, B2B and B2G Head, Panasonic.

B Sunil Chandra Reddy let the cat among the pigeons when he raised the hotly debated topic of FSI in Hyderabad. While Sreekanth Reddy asked the Hyderabad builders how they visualised the growth of real estate in Hyderabad, Reddy recounted that the Minister of Urban Development KT Rama Rao has exhorted builders and developers not to compare Hyderabad with other cities in India but with the top 25 cities in the world, as he aims to belong to that prestigious club of cities.

In India, Hyderabad is the only city which has FSI anywhere between 9 and 13, with an average hovering in the range of 6 to 7, whereas the national average ranges between 2 and 2.5. While developers like Nanda Kishore from Ramky Estates, seemed bullish about the prospects of making Hyderabad among the top Alpha cities of the world, architects Ramakrishna Shenoy and Rajeev Sharma expressed concerns on sustainability. SP Reddy from Terminus Group, equated Hyderabad's offerings to those among the cities in the US and also lauded the government's delivery in support services.

The event also witnessed independent Partner Presentations by Dheerendra Srivastava, Head (AF star), MS Agarwal Foundries; Sudhir Namboodiri, Specification Manager-South India, Bostik India; and Dinesh Aggarwal, Joint Managing Director, Panasonic Life Solutions. As part of his presentation, Aggarwal offered, "We would like to build smart cities on the lines we have built in Japan's Fujisawa along the various corridors and expressways that are being built to connect cities and populous areas with our technological life solution products."

The event concluded with the CONSTRUCTION WORLD Design-Build Awards that recognised the "Stalwarts of the South - Hyderabad". The awards brought together Architects, Builders and Contractors to a common platform to recognise their noteworthy achievements. The evening was also graced by Surat Singh Malhotra, Honorary Consul, Honorary Consulate of the Kingdom of Lesotho. Suresh Chukkapalli, Honorary Consul, Republic of South Korea was also felicitated as Founder Chairman of Phoenix Group.

Vidyadhar Rao, Director of Town and Country Planning (DTCP), Government of Telangana, and Secretary RERA, who presented the awards to architects and builders. emphasised on the various initiatives taken by them to promote Hyderabad, which follows an unlimited FSI since the past 15 years, where developers can construct as per their choice. Referring to SP Reddy's appreciation on the state government's delivery in support services, he added that the government is coordinating the preparation of about 30 to 35 master plans, which have already been completed and are awaiting state clearance.

The Winners of Stalwarts of the South - Hyderabad

(Alphabetically listed and in no order of ranking)

- Aparna Constructions and Estates

- Arkade Sign Studio

- BSCPL Infrastructure

- DesignHaaus

- F+S Designs

- FHD India Consultants

- Genesis Planners

- Phoenix Group

- Rami Reddy Constructions

- Ramky Estate and Farms

- SEP Architects

The CONSTRUCTION WORLD Design and Build Conclave and Awards was Powered by Panasonic, with the Conclave Partner being MS Agarwal Foundries, Co-Partnered by Bostik India; Associate Partner - TATA Pravesh and MYK Arment; Luxury Partner - Mercedez Silver Star; Knowledge Partner - REA INDIA - Housing.com; Association Partner - NAREDCO - Telangana Real Estate Developers Association, Builders Association of India - Telangana, and Telangana Realtors Association.

FIRST Construction Council

FIRST Construction Council (FCC) is an infrastructure think-tank, registered as a Trust under the Bombay Public Trust Act 1950, focused on providing the latest updates on the construction industry in India, and dedicated to promoting its causes and needs. FCC provides a platform to promote the adoption of best practices and be the torchbearer for all policy initiatives that are needed to enhance the importance and welfare of the construction industry and the industry's unified voice.

Founder and President: Pratap Padode

Board of Governors

- Architect Hafeez Contractor

- DK Sen, Director, L & T

- Pradeep Singh, Former Vice Chairman and MD, IDFC Projects

- Sumit Banerjee, Former Vice Chairman, Reliance Infrastructure

- Sandeep Singh, MD, Tata Hitachi

- Sanjay Seth, CEO, GRIHA Council

- Subodh Dixit, Executive Director, Shapoorji Pallonji

Visit FIRST Construction Council website: (https://firstconstructioncouncil.com)

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


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