The Greater Hyderabad Municipal Corporation (GHMC) has issued a total of 864 Transfer Development Rights (TDR) certificates towards cash compensation to acquire 350 acres of land for various road projects.
On October 9, GHMC commissioner Lokesh Kumar had reviewed the progress of acquisition of properties with all its wings.
“In view of the increased compensation value, the GHMC has initiated TDR Policy in acquiring the properties with minimum burden on the exchequer. Moreover, the property owners are also willing to part with their land while obtaining TDR certificates in lieu of cash compensation, since the demand for issue and utilisation of TDR has increased rapidly,” read an official release issued by the GHMC on Friday.
Regarding land acquired in the last five years, the civic body officials said that a total of 89 roads have been taken up for road widening, out of which 55 roads have been constructed and 1,805 properties have been acquired.
Under SRDP category, the GHMC acquired 1,100 properties and 192 properties under missing/slip roads category, and remaining 511 properties under general road widening category.
A few major road widening/link roads, where acquisition of properties has been completed include Bio-Diversity Flyover, Shilparamam RUB, Rajiv Gandhi Flyover at JNTU, Road No.45, Stay Cable Bridge (Durgam Cheruvu), RUB at Hitech City, Underpass at Bairamalguda to Chintalkunta checkpost and flyovers in different areas.
GHMC issues 864 TDRs to acquire 350 acres of land for various road projects
"The property owners are also willing to part with their land while obtaining TDR certificates in lieu of cash compensation, since the demand for issue and utilisation of TDR has increased rapidly,” read an official release issued by the GHMC
RELATED ARTICLES
