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
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000