Land Prices On Outskirts Likely To Shoot Up

General | By mahendra | 2008 Trackbacks (0) Add comment   

Land price are set to rise in the 849 surrounding villages of the city with the formation of the Hyderabad Metropolitan Development Authority (HMDA). These villages were merged with the HMDA.Anticipating this, real estate players have already jacked up rates in some newly included areas of the HMDA. For instance, in Wargal mandal of Medak district about 50 km from the city the land price was Rs 1 lakh per acre until last year. But now the going rate is about Rs 10 lakh per acre.Similarly, the land values have sky-rocketed in neighbouring mandals like Shamirpet and Medchal in Ranga Reddy district, where the prevailing price is about Rs 2000 per square yard. Until last year, it was just about Rs 800 to Rs 1,000 per sq yard."The HMDA should concentrate on providing infrastructure in the surrounding areas, only then will the very purpose of forming a highest authority be served," city based architect D T Vinod Kumar told 'TOI'.

The HMDA had approved about 30 layouts in the last few months and another 70 are at different stages of preparation. Realty companies are selling plots claiming land prices would increase further in the metropolitan development area. Even officials concur that the land prices would eventually increase in HMDA area."Layout developers have to pay various charges, including development fee, to get approval. This will have an impact on land prices,'' a senior HMDA official said.After the formation of the HMDA, all other urban development authorities like Buddha Purnima Project Authority, Cyberabad Development Authority and Hyderabad Airport Development Authority have been abolished.

The HMDA covers Greater Hyderabad Municipal Corporation (GHMC), Sangareddy municipality, Bhongir municipality and 849 surrounding villages. The boundaries of the Hyderabad Metropolitan region have been fixed. In the north, its jurisdiction will extend up to Islampur village, Shadnagar in south, Bhongir municipality in east and Sangareddy municipality in west.In terms of area, the area of HMDA would be 7,073 square kilometres, including GHMC's jurisdiction of 625 sq km, 13.60 sq km of Sangareddy municipality, 96.30 sq kms of Bhongir municipality and 6337.70 sq km of 849 villages.

As of now, there is no master plan for the extended area of HMDA. The task of preparing a master plan for the extended area has been entrusted to the Centre for Environmental Planning, Ahmedabad. The HMDA is likely to issue orders in a day or two. It would prepare the master plan in 18 months."With the formation of HMDA, the entire metropolitan region will develop in a planned manner. Already sanctioned projects will be better integrated. The region will also attract more investments,'' HMDA secretary D Rama Rao told 'TOI'. For the convenience of people, the HMDA has proposed zonal offices at Kokapet, Kompally, Ghatkesar and Shamshabad. One more zonal office is yet to be decided. Apart from these zonal offices, 10 service centres are being proposed at Chevella, Sangareddy, Narsapur, Shamirpet, Keesara, Bhongir, Ibrahimpatnam, Pochampally, Maheshwaram and Kothur.

you visit the complete list of land prices in varioues areas in hyderabad 

Greater Hyderabad Is India's Second Largest Metropolitan Area

General | By mahendra | 2008 Trackbacks (0) Comments (1)   

Greater Hyderabad, which has become the second largest metropolitan area in India, will be developed as a world-class city and a model metropolis in the country

said Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Sunday.He asked officials of the newly constituted Hyderabad Metropolitan Development Authority (HMDA) toensure a scientific and regulated development in the metropolitan region.Last year 12 municipalities and several villages of the five surrounding districts were merged with Hyderabad to make it Greater Hyderabad. HMDA was formally constituted Saturday replacing Hyderabad Urban Development Authority (HUDA).The chief minister Sunday launched HMDA and laid foundation stone for the central office of the new body, which will have jurisdiction over an area of 6,856 square km, making it the second largest metropolitan area in the country after Delhi.The jurisdiction of the earlier body was 2,000 square km.

The population coverage has alsoincreased from 6.5 million to 7.8 million.The government issued orders posting Indian Administrative Service officer K.S. Jawahar Reddy as the metropolitan commissioner.The jurisdiction of HMDA covers 54 ‘mandals' (administrative blocks) in the five districts. It includes 16 ‘mandals' of Hyderabad, 10 of Medak, 22 of Rangareddy, two of Mahbubnagar and four of Nalgonda districts. As many as 849 villages of four districts were merged with Hyderabad.As the city is growing by leaps and bounds thanks to the IT boom of last one decade and consequent economic activity, the government felt the need to merge the surrounding municipalities with the capital region to ensure planned development and provide better infrastructure.

The new international airport at Shamshabad, about 30 km from the city, the ongoing world-class 160-km Outer Ring Road (ORR) project, mega townships along the ORR, over 30 IT Special Economic Zones (SEZs), major real estate projects, new campuses of IT and biotechnology majors, metro rail and other infrastructure projects areexpected to give further impetus to the growth.The chief minister asked officials to ensure that there was no deviation from the approved plans for any construction activity. He assured that the government would take all steps to provide better road connectivity, 24-hours water and electricity supply and other infrastructure to all the areas fallingunder metropolitan region.The missions of HMDA include promoting active participation of citizens in the process of planning and implementation of development plans, improve quality of life through planned growth and development and contribute to the creation of a cleaner and greener city.

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