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Hyderabad Metro Rail will acquire 188 properties in Hyderabad

No Comments Sub Category:Cities,Hyderabad,Real estate trends,Realty News Posted On: Jun 07, 2012

hyderabad-metroHyderabad Metro Rail authorities will acquire 188 properties in Hyderabad which are falling in the line of alignment of the elevated metro rail across the three corridors where the project is being built.

As the metro project needs 100 ft wide roads, it was decided to increase road width to 150 ft to facilitate traffic movement during the construction stage and as per the master plan.

In the master plan 1244 properties were identified to be removed for the construction of the railway project.

Most of the properties were acquired through generous financial packages sanctioned by the government and negotiations were at an advanced stage in several other cases.

In those 188 properties which are still pending from acquisition, 155 properties are government structure and 33 are private properties.

The metro rail authority is confident about the execution of the project in right time.

To read more real estate stories:

Home buyers have high expectations

Hyderabad metro became an obstacle for traffic situation

Source: The Hindu

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