HMDA Plans to Raise Rs 200 Bn For Infrastructure Projects In Hyderabad

23 Jan 2025 CW Team

The fund-starved Hyderabad Metropolitan Development Authority (HMDA) is now scouting to raise Rs 200 billion to undertake various infrastructure projects across the city. The authority recently invited expressions of interest (EOI) to appoint an advisor-cum-merchant banker to facilitate the process within 18 months, extendable by a year if necessary.

HMDA is also prepared to pledge its properties and lands to secure the funds for projects, including two elevated corridors (Paradise to Shamirpet and Paradise to Old Dairy Farm, connecting NH 44), a cable bridge at Mir Alam Tank, and nine greenfield radial roads linking the proposed Regional Ring Road (RRR).

This is not the first time HMDA has pledged its properties for loans. Previously, lands at Kothwalguda were mortgaged for projects like the PVNR Expressway and ORR Phase I, said sources adding that the authority requires Rs 5,000 crore within the next four to five months to begin the work.

"Initially, the state govt planned to auction urban lands to raise funds but shelved the idea due to weak real estate market conditions. The only viable option now is raising funds through bond issuance, managed by an experienced advisor," a senior HMDA official told TOI.

The bidding document stated that the selected advisor will oversee fund mobilisation, structuring, credit enhancement, tax implications, and placement (public or private). They will also assist in selecting legal counsel and rating agencies and manage the issuance and post-issue formalities.

Building Material

08 Apr 2026

Jindal Aluminium Marks 56 Years of Industrial Leadership

Jindal Aluminium Limited has marked its 56th Inception Day, celebrating a legacy built on vision, resilience and manufacturing leadership. Founded in 1968 and incorporated in 1970 by Padma Bhushan Dr Sitaram Jindal, the company has grown into a major force in India’s downstream aluminium sector under the leadership of Pragun Jindal Khaitan.The company is India’s largest manufacturer of aluminium extruded products and the second-largest producer of aluminium flat-rolled products. With a turnover of around Rs 5,500 crore and a workforce of over 4,000, Jindal Aluminium continues to strengthen..

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..