HMDA Plans to Raise Rs 200 Bn for Urban Infra Projects
ECONOMY & POLICY

HMDA Plans to Raise Rs 200 Bn for Urban Infra Projects

The Hyderabad Metropolitan Development Authority (HMDA) has outlined plans to raise Rs 200 billion over the next 18 months through bond issuance to fund key urban infrastructure projects in the city. The funds will be used for several high-priority projects, including two elevated corridors, greenfield radial roads, an iconic bridge across Mir Alam Tank, and flyovers. In the first four months, HMDA intends to raise Rs 50 billion. This bond issuance is being pursued due to the state government’s inability to finance these critical projects.

The projects aim to significantly enhance the city's transportation network. For instance, one elevated corridor will stretch 18.12 km from Paradise junction to Outer Ring Road, at an estimated cost of Rs 36.20 billion. Another corridor from Paradise junction to Military Dairy Farm Road will cover 5.4 km and cost Rs 1,580 crore. Additionally, nine new greenfield radial roads are planned to connect Hyderabad’s Outer Ring Road to the regional ring road (RRR), spanning 215 km with an estimated cost of Rs 2,000-3,000 crore. A new cable bridge across Mir Alam Tank, estimated at ?363 crore, is also part of the plan.

The Hyderabad Metropolitan Development Authority (HMDA) has outlined plans to raise Rs 200 billion over the next 18 months through bond issuance to fund key urban infrastructure projects in the city. The funds will be used for several high-priority projects, including two elevated corridors, greenfield radial roads, an iconic bridge across Mir Alam Tank, and flyovers. In the first four months, HMDA intends to raise Rs 50 billion. This bond issuance is being pursued due to the state government’s inability to finance these critical projects. The projects aim to significantly enhance the city's transportation network. For instance, one elevated corridor will stretch 18.12 km from Paradise junction to Outer Ring Road, at an estimated cost of Rs 36.20 billion. Another corridor from Paradise junction to Military Dairy Farm Road will cover 5.4 km and cost Rs 1,580 crore. Additionally, nine new greenfield radial roads are planned to connect Hyderabad’s Outer Ring Road to the regional ring road (RRR), spanning 215 km with an estimated cost of Rs 2,000-3,000 crore. A new cable bridge across Mir Alam Tank, estimated at ?363 crore, is also part of the plan.

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?