Hyderabad metro corridor to see realty boom
Hyderabad-In a recent developmental report in the city of Hyderabad, project developer L&T has decided to develop in six million square feet in the next 5-6 years. The project will include shopping malls, multiplexes, office space and retail chains spread over 18.5 million square feet.
The project planning has been done in order to make the metro financially viable and the project will spread along the 72-km Hyderabad Metro Rail corridors.
L&T also has plans to execute Transit-Oriented Development (TOD) along the metro rail routes alongside the depots at Nagole, Miyapur and Falaknuma. However, the company is paying attention on the real estate development which can generate some capital for the metro as the government has set a minimum metro rail ticket fee.
A sum of Rs. 2,243 crore has been set by L&T for realty development alone as part of TOD apart from Rs. 14,132 crore on the metro rail project.
city of Hyderabad, developmental report, Falaknuma, Hyderabad, Hyderabad metro, Hyderabad metro corridor, Hyderabad Metro Rail, Hyderabad Metro Rail corridors., Hyderabad real estate, L&T, metro financially viable, Metro Rail Project, Miyapur, Miyapur and Falaknuma, Multiplexes, Nagole, Office space, office space and retail chains, project developer L&T, Shopping malls, Transit-Oriented Development (TOD)
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[...] Hyderabad metro rail project is one of the largest urban infrastructure projects in India which is under public-private partnership. This rail project will run along 71.16km distance with three corridors having 66 stations. [...]
[...] Hyderabad metro rail project is one of the largest urban infrastructure project in India which is under public-private partnership. This rail project will run along 71.16km distance with three corridors having 66 stations. It is expected that this project will be completed by July 2017. [...]
[...] Managing Director of Hyderabad Metro Rail (HMR) assured that they will try to compensate for the overhead traction line with improved design. [...]