Representative picture | PHOTO CREDIT: SIVAKUMAR PV
The unnatural run of real estate, promoted by the state government over the last decade with regard to income profits, returned home to ROOST. Real estate owners are more determined to move heaven and country at their required price than to give up the prices offered by the government in terms of real estate acquisition.
Greater Hyderabad Municipal Corporation (GHMC), who have the task of acquiring assets to facilitate various infrastructure projects, have the most difficult time to convince real estate owners to give up the prices offered to fair compensation and transparency in attorney, rehabilitation and resettless of the 2013 Act.
The law offers twice the market value of land, as the government is fixed and revised from time to time, instead of staying property. While the act was considered in 2013 to be a converter for the benefit of farmers who decided to give up their land for development, it is now considered a raw agreement and owners of urban real estate with respect to the steep value of real estate, the officials say.
“Do you remember Lagaccharlo? Isn’t one owner willing to accept the prevailing rates, rightly given the values of real estate,” says the clerk on condition of anonymity and reminds the protests of farmers in the village in the district of Vkarabad, who successfully frustrated the Pharma City project.
Also in the city, the market value of the land according to the registration department for compiling approximately 64 000 GBP per square yard, but on the ground, real estate prices per square yard hovering the market value of the land according to the registration department.
With several infrastructure projects that have been lined up in these divisions in the framework of innovative and transformation infrastructure (H-CITI) in Hyderabad, GHMC officials are helpless about the journey before acquiring real estate.
The awards at the 760 GBP Crore melody on the component of the Strategic Road Development Plan (SRDP) and other projects of expansion of roads are already waiting for lack of funds. At least 100 crore of this is the price that the owners got after resorting to legal means.
“Even owners of real estate who accept the price do it in protest so that they can have freedom to approach the court at a higher price. The supporters advise money and demand 50% of increased compensation,” the official said.
They are looking for a higher price by law, with the argument that the last revision of the market value was carried out three years ago, which forced the courts to grant 30-50% more than compensation.
A total of 264 properties are in various stages of processing, only to facilitate overpasses and underpass planned around the Brahmananda Reddy National Park. Together with the rest of the components designed under the H-citi, the number of requested properties crosses 1100.
Published – 14 June 2025 21:05
