The completion of 30,000 two-bedroom apartments (2BHKs) in Hyderabad hangs in the balance as the Greater Hyderabad Municipal Corporation (GHMC) awaits a fund infusion of Rs 15 billion to finish pending construction. The uncertainty surrounding the availability of funds has left the fate of these residential units in limbo.
The GHMC had initiated the construction of these 2BHK units as part of a housing scheme to provide affordable housing options to citizens. However, the lack of adequate funds has led to a delay in completing the pending work, leaving thousands of homebuyers in a state of uncertainty.
The 2BHK housing project is a significant initiative aimed at addressing the housing needs of the urban population in Hyderabad. The delay in its completion not only affects the homebuyers eagerly awaiting possession but also impacts the broader objective of providing affordable housing solutions in the city.
The GHMC's plea for a fund infusion of Rs 15 billion emphasises the financial challenges faced in executing large-scale housing projects. The resolution of this funding issue is crucial for ensuring the timely completion of the 2BHK units, allowing homebuyers to take possession of their homes and realising the broader vision of affordable housing in Hyderabad.
