Land sale proceeds to fund Keshavnagar slum project

February 19, 2013 12:42 am | Updated November 16, 2021 12:18 pm IST

The GHMC is awaiting the government’s permission to sell a piece of land in Serilingampally circle to take up the ‘in situ’ development of Keshavnagar slum by raising new ground plus one, two or three storied dwellings, Commissioner M.T. Krishna Babu informed the council on Monday.

Addressing members during the budget meeting, Mr. Krishna Babu admitted that there was a delay in finalising the plan for the redevelopment of the slum as part of the Centre-sponsored Rajiv Awas Yojana (RAY). The revised scheme guidelines call for reconstructing the slum on the site itself so that ‘pattas’ or land ownership documents can be issued. Funds accrued from the plot sale could help in the redevelopment, he explained.

Detailed project reports for reconstruction of the dwellings in the slums dotting the city are getting ready, he said. Detailing the road map for developing the city’s civic infrastructure in the coming months, the Commissioner stated that 80 per cent of the works proposed to be taken up under the Greater Hyderabad Development Plan (GHDP) have reached the execution stage after tenders finalisation.

Several key roads, flyovers and other major infra works have been proposed under the plan. The civic body was in a comfortable financial position though there was a reduction in the projected capital receipts during the financial year. From taking a Rs. 400 crore overdraft, it is now in a position to make some deposits.

Expected capital receipts was not realised because of the Rs. 450 crore expected for road widening work for the metro rail corridors, about Rs.150 crore came because of the municipal corporation having single land acquisition unit. The government permission is awaited for two more.

The 13th Finance Commission has halted disbursal of funds to the State because of lack of elected local bodies to the tune of Rs. 107 crore but now after a representation, it has agreed to release the funds as GHMC has an elected body. A total of Rs. 787 crore is expected as capital receipt by the year end and it could help in taking up the major storm water drains repair too. Modern signages in 22 traffic corridors and new synchronised traffic lights project were on the anvil, he added.

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