Tag: Musi rejuvenation project

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Telangana Housing Minister: 2BHK Homes for Musi Oustees

HYDERABAD: Telangana’s revenue and housing minister, Ponguleti Srinivas Reddy, has instructed officials to allocate 2 BHK homes to families displaced by the Musi rejuvenation project. He emphasized that the state government is committed to providing lawful compensation and necessary rehabilitation for those who relinquish their lands. Srinivas Reddy convened a review meeting regarding the Musi project’s rehabilitation and land acquisition in the Secretariat on Monday. “Our vision is to restore the Musi River as part of a broader ambition to elevate Hyderabad into a world-class city, transforming the river into a center for tourism, employment, and economic progress,” he noted.…

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Hyderabad: GHMC’s 15 Lakh Sq Yards of TDR Raises High-Rise Costs

HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) has over 15 lakh square yards (equivalent to 316 acres) of Transferable Development Rights (TDRs) valued at ₹2,000 crore. Builders and developers believe these TDRs can satisfy Greater Hyderabad’s construction demands for the next two to three years. The state government intends to issue additional TDRs to property owners affected by land acquisitions for projects like the Musi rejuvenation, flyovers, road expansions, and lake development. The GHMC has issued TDRs amounting to 51.83 lakh square yards (about 1,070 acres) to property owners since 2017 after acquiring land for road widening and other public…