Townships have no land in Hyderabad

Released on: October 13, 2008, 1:40 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: Twenty-two satellite townships planned to be set up around
the Outer Ring Road have remained on paper three years after the erstwhile Hyderabad
Urban Development Authority announced them.

Press Release Body: Twenty-two satellite townships planned to be set up around the
Outer Ring Road have remained on paper three years after the erstwhile Hyderabad
Urban Development Authority announced them. The reasons are said to be many: Slump
in the real estate market; problems in land acquisition and widespread agitations by
farmers and political parties.Efforts by the government to rope in private parties
and get the townships started in the public private partnership mode also fell
through, with real estate giants keeping away. The HMDA, the successor of Huda,
tried its best to raise money by auctioning land but builders and developers stayed
away.

The townships were planned at Medchal, Goudavelli, Dommara Pochampally, Bowrampet,
Aliyapur, Sultanpur, Khardanur, Paatighanpur, Edulanagulapalli, Kollur, Balapur,
Nadargul, Thorrur, Munaganuru, Kuntluru, Korremul, Rampalli, Cheryala, Dharmaram and
Shamirpet. With land owners, particularly farmers, objecting to land acquisition by
the HMDA, the officials announced a change in some sites. The new sites are at
Mankhal, Adibatla, Raviryal, Srinagar, Turka-yamjal, Injapur, Tellapur and
Gacchibowli where the government has acquired about 3,000 acres of land.

Work was supposed to start on these projects within six months after they were
announced but not a brick has been set till date. The government announced that it
will come up with a township policy which would propose handsome compensation to
land owners, particularly farmers, from the benefits to be accrued out of township
projects."The government is sitting on the policy. Unless the government announces
the policy, townships cannot be started," sources said. Mr Sridhar Chitturi, officer
on special duty (OSD), on the Outer Ring Road, HMDA, told this correspondent that it
would be feasible to start work on townships after the new policy is announced.
According to him, the policy is likely to offer land owners 50 per cent share in the
benefits accruing from townships..........

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