The Telangana government has announced a substantial investment of Rs. 25,631 crore to enhance Hyderabad's infrastructure, aiming to support the city's rapid urbanization and bolster its real estate sector. This commitment underscores the government's dedication to sustainable urban development and economic growth.
Key Infrastructure Initiatives
- Water Supply and Sewerage Systems: A significant portion of the investment, ?11,927 crore, is allocated to improve water supply and sewerage systems. Additionally, proposals worth ?13,704 crore are under consideration to further enhance these essential services. The government has approved the establishment of 39 new Sewage Treatment Plants (STPs) to address the growing urban population's needs.
- Transportation Projects: To alleviate traffic congestion and improve connectivity, the government is undertaking major transportation projects. This includes a ?1,487 crore elevated corridor from Paradise Junction to the National Highway and road widening initiatives worth ?3,619 crore in Shamirpet. These projects aim to streamline traffic flow and reduce commute times for residents.
- Electric Vehicle (EV) Transition: In line with its commitment to environmental sustainability, the Telangana government plans to transition all public buses to electric vehicles. This move is supported by tax exemptions and is expected to contribute to cleaner air and reduced pollution levels in the city.
Impact on Real Estate Sector
The government's infrastructure initiatives are expected to have a significant positive impact on Hyderabad's real estate market. Recent land auctions have seen prices soar, with land in areas like Raidurg fetching ?177 crore per acre, indicating strong investor confidence. The development of infrastructure not only enhances the city's livability but also increases the attractiveness of real estate investments.
Telangana's strategic investment in Hyderabad's infrastructure is poised to transform the city into a more sustainable, connected, and investor-friendly metropolis. These developments are expected to stimulate economic growth, attract further investments, and elevate Hyderabad's status as a leading urban center in India.
