The Greater Hyderabad Municipal Corporation (GHMC) requires about Rs 586 crore to construct six multi-level flyovers around KBR National Park. However, property acquisition, especially one particular property near Jubilee Hills checkpost, is expected to cost about Rs 1,500 crore towards compensation.
Worried over the compensation being demanded by Mantri Developers, the private property owner, the state government has constituted a high-level committee including chief secretary Rajiv Sharma, special chief secretary MG Gopal and principal secretary, industries, Arvind Kumar, to negotiate with the developer.
The GHMC needs four of the total six acres that Mantri Developers owns in the area. Incidentally, this piece of land was auctioned by the government in 2006. A consortium of Nagarjuna Construction Company, ICICI Ventures and Maytas Properties had purchased the land for Rs 1.42 lakh per square metre and the state government had earned Rs 334 crore. Now, the property is with Mantri Developers.
“The committee was constituted to look into various issues, including the one relating to Mantri Developers land issue. The committee has not met yet,” special chief secretary MG Gopal told TOI.
Official sources said 57 properties need to be taken over for the multi-level flyover at six places around KBR Park the park entrance, Maharaja Agrasen Junction (Road No. 12), Cancer Hospital junction (Road No. 10), Jubilee Hills checkpost junction, Film Nagar junction and Road No. 45 junction. At Jubilee Hills checkpost, 22 properties, of which 21 are privately owned, have to be acquired.
Apart from constructing flyovers, the GHMC has also proposed to widen the road and pedestrian facilities, build exclusive bus bays, jogging track and lay utility ducts.
“Of the total 57 properties required, six property owners at Maharaja Agrasen junction and KBR entrance have given consent. Efforts are being made to convince other owners to part with their land,” GHMC chief city planner, S Devender Reddy, told TOI on Thursday.
Overall, under Phase I of SRDP, flyovers, skyways and junction developments were proposed at 18 areas, including around KBR, Mind Space, Madhapur and L B Nagar. About 319 properties need to be acquired to take up the projects, which were awarded under Engineering Procurement and Construction (EPC) basis by dividing them into five packages.
As per the plan, works on SRDP was supposed to begin this month. Since property acquisition is posing challenges, plans are on to first take up work on flyovers that do not face any such hurdles.
Among the other concerns facing SRDP include presence of religious structures at eight locations. Dealing with this, officials say, is expected to be a big task.
Credits ET Realty