Telangana deputy chief minister Bhatti Vikramarka announced that the state government has set aside Rs 20,000 crore for Hyderabad’s development over the next two years, according to an official release.Addressing the CREDAI Property Exhibition Show at HITEX last week, he noted that several projects under this funding have already been completed, while others are underway. “Such a massive allocation of funds, exclusively for Hyderabad’s development, has never occurred in the state’s history,” he said, as quoted by ANI.
Of the total allocation, Rs 1,950.52 crore has been assigned for works within the GHMC limits, Rs 12,500 crore for projects under the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB), and Rs 4,365 crore under the Hyderabad Metropolitan Development Authority (HMDA).On the city’s growth prospects, Bhatti Vikramarka said, “Hyderabad is competing not only with other Indian cities but also with leading global cities for investment, talent, and quality of life.” He called the merger of 27 surrounding urban local bodies into the Greater Hyderabad Municipal Corporation a landmark step, which allows for integrated planning, consistent civic services, and a unified vision for development within the Outer Ring Road region.
