Hyderabad July 25: Telangana Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka proposes Rs 10,000 crore for Hyderabad’s development in the 2024-25 budget. Learn about the major allocations and projects aimed at boosting the city’s growth and infrastructure.
In a significant move to boost the development of Hyderabad, Telangana Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka proposed a substantial allocation of Rs 10,000 crore in the state budget for 2024-25, presented in the Assembly on Thursday. Vikramarka emphasized that Hyderabad’s growth is central to the overall development of Telangana, and this massive budget allocation is a testament to the government’s commitment to the city’s integrated growth.
Highlighting the unprecedented nature of this allocation, Vikramarka pointed out that the outskirts of Hyderabad hold immense potential to become self-sustainable areas, reducing the pressure on civic bodies. “Our aim is to promote the development of satellite townships around Hyderabad. We will encourage the construction of affordable houses at reasonable rates and strive to provide all kinds of amenities in these townships, including parks, community halls, commercial centres, and schools,” he stated.
The minister also announced Rs 1,525 crore for the Regional Ring Road (RRR), designed to connect Hyderabad to other parts of the state. The northern segment from Sangareddy-Toopran-Gajwel-Choutuppal spans 158.6 km, while the southern segment from Choutuppal-Shadhnagar-Sangareddy covers 189 km. Both segments are slated for upgrades to national highway standards, initially as four-lane highways with plans to expand to eight lanes to accommodate increased traffic. Land acquisition for this project is already underway, with estimated costs of Rs 13,522 crore for the northern part and Rs 12,980 crore for the southern part.
Further budget allocations include Rs 3,065 crore to the Greater Hyderabad Municipal Corporation (GHMC), Rs 500 crore to the Hyderabad Metropolitan Development Authority (HMDA), and Rs 3,385 crore to Metro Water Works. Additionally, Rs 200 crore is proposed for the newly created HYDRAA (Hyderabad Disaster Relief and Asset Protection Agency), responsible for the Core Urban Region (CUR) up to the Outer Ring Road, which houses 48.6% of the state’s population and plays a crucial role in the state’s economy and GSDP growth.
Addressing the rapid urbanization in Hyderabad’s outskirts due to the proliferation of IT, pharma, defence, and aerospace industries, Vikramarka noted that the urban growth rate in Telangana is 3.2%, higher than the national average.
One of the government’s main priorities, the Musi Riverfront development project, received a proposed allocation of Rs 1,500 crore. This project aims to revive the ecosystem around the Musi River and improve 110 km of urban area, enhancing infrastructure facilities in an environmentally friendly manner. The project will feature recreation zones, peopleโs plazas, children’s theme parks, and entertainment zones.
Additional allocations include Rs 100 crore for extending the Metro to the airport, Rs 200 crore for the Outer Ring Road, Rs 500 crore for the Hyderabad Metro Rail, Rs 500 crore for extending the Metro to the old city, and Rs 50 crore for the Multi-Modal Transport System (MMTS).
These proposed allocations and projects underscore the Telangana government’s commitment to fostering Hyderabad’s growth and transforming it into a self-sustaining and thriving urban hub.
