Hyderabad's real estate sector is in turmoil as the non-availability of TDR certificates fuels a black market and stifles small builders. Allegations of political interference and hoarding have driven certificate premiums to record highs. With GHMC halting new issuances and government directives freezing pending applications, the construction industry faces mounting debt and uncertainty.

Hyderabad: Non availability of Transfer of Development Rights ( TDR ) certificates has sparked a big controversy in Hyderabad’s real estate sector. Certificates meant to be accessible to all sections of society are being deliberately blocked by certain influential individuals in the government, creating an artificial scarcity that has fueled a rampant black market.

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