GHMC issues 864 TDRs to bag 350 acres land for road projects in Hyd
Real Estate

GHMC issues 864 TDRs to bag 350 acres land for road projects in Hyd

The Greater Hyderabad Municipal Corporation (GHMC) has released 864 Transfer Development Rights (TDR) certificates towards cash compensation to procure 350 acres of land for several road projects.

On October 9, GHMC commissioner Lokesh Kumar had examined the progress of the procurement of properties with all its wings.

GHMC informed the media that given the surged compensation value, it has started the TDR Policy for taking over the properties with minimum burden on the exchequer.

The property owners are willing to part with their land while getting TDR certificates instead of cash compensation, as the demand for issue and usage of TDR has grown rapidly.

Concerning land obtained in the past five years, the civic body authorities said that 89 roads have been undertaken for road widening, out of which 55 roads have been built, and 1,805 properties have been procured.

Under the SRDP category, the GHMC obtained 1,100 properties and 192 properties under the missing or slip roads category, and the remaining 511 properties under the general road widening category.

A few major road widening or link roads, where the procurement of properties has been done comprise Shilparamam RUB, Bio-Diversity Flyover, Road No.45, Rajiv Gandhi Flyover at JNTU, Stay Cable Bridge (Durgam Cheruvu), RUB at Hitech City, Underpass at Bairamalguda to Chintalkunta check-post and flyovers in different places.

Image Source

Also read: Karnataka initiates revision in transit-oriented policy in Bengaluru

The Greater Hyderabad Municipal Corporation (GHMC) has released 864 Transfer Development Rights (TDR) certificates towards cash compensation to procure 350 acres of land for several road projects. On October 9, GHMC commissioner Lokesh Kumar had examined the progress of the procurement of properties with all its wings. GHMC informed the media that given the surged compensation value, it has started the TDR Policy for taking over the properties with minimum burden on the exchequer. The property owners are willing to part with their land while getting TDR certificates instead of cash compensation, as the demand for issue and usage of TDR has grown rapidly. Concerning land obtained in the past five years, the civic body authorities said that 89 roads have been undertaken for road widening, out of which 55 roads have been built, and 1,805 properties have been procured. Under the SRDP category, the GHMC obtained 1,100 properties and 192 properties under the missing or slip roads category, and the remaining 511 properties under the general road widening category. A few major road widening or link roads, where the procurement of properties has been done comprise Shilparamam RUB, Bio-Diversity Flyover, Road No.45, Rajiv Gandhi Flyover at JNTU, Stay Cable Bridge (Durgam Cheruvu), RUB at Hitech City, Underpass at Bairamalguda to Chintalkunta check-post and flyovers in different places. Image Source Also read: Karnataka initiates revision in transit-oriented policy in Bengaluru

Next Story
Infrastructure Urban

Centre Clears Power Distribution Upgrade for Uttar Pradesh

The Central Government has approved power distribution projects worth Rs 407.39 billion for Uttar Pradesh under the Revamped Distribution Sector Scheme (RDSS). The investment will be used to modernise the state's electricity distribution infrastructure and strengthen network capacity across urban and rural areas. The package targets one of the country's largest distribution networks as the state experiences rapid urbanisation and rising electricity consumption. Planned interventions include the strengthening of distribution lines, modernisation of substations, replacement of ageing electrical ..

Next Story
Infrastructure Energy

India Data Centres To Consume 191 TWh By 2040 Driving Renewables

A Wood Mackenzie report says India's operational data centre capacity is projected to increase more than fivefold to 12 gigawatt (GW) by 2030 from 2.2 GW in 2025 as artificial intelligence (AI) and cloud computing drive demand. It projects electricity consumption to rise from 10 terawatt-hour (TWh) in 2025 to 191 TWh by 2040. The study forecasts a compound annual growth rate of around 40 per cent and notes AI-dedicated capacity will surge nearly 24-fold from 275 megawatt (MW) in 2025 to 6,546 MW by 2030. The report places India's digital economy at Rs 32 trillion (tn) in 2025 and says it contr..

Next Story
Infrastructure Transport

Hydrogen Train Completes 1,200 Kilometres Of Trials

India's first hydrogen train was flagged off between Jind and Sonipat on July 17 and has travelled over 1,200 kilometres in trials, saving diesel consumption of more than 3,200 litres, a Railway Ministry press release said. The deployment marks the introduction of a zero-emission fuel cell train into route testing and represents a milestone in domestic rail innovation. The train generates electricity onboard through a chemical reaction between hydrogen and oxygen, producing electricity to propel the vehicle while emitting only water vapour as a by-product. There is no smoke and no tailpipe car..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement