Hyderabad: The TS government is gearing up for a major land acquisition drive in Jubilee Hills area. The government has decided to construct multi-level flyovers around KBR Park at an estimated cost of Rs 586 crore to ease traffic congestion at all the major junctions in Jubilee Hills and it needs to acquire nearly 5 acre around the checkpost in different locations.
Municipal administration department officials, who drafted the plans, estimate that about 2 acre, belonging to Jubilee Hills Landmark Project, and some portion of land opposite it, owned by Congress leader from Kurnool and former minister Shilpa Mohan Reddy, need to be acquired for flyovers. The other sites identified for acquisition are located near Road No. 45, Film Nagar, KBR Park entrance and Maharaja Agrasen Bhavan. Offic-ials estimated that about 2-4 acre in each of these locations need to be acquired. “Once the designs are finalised, we will take up ground-level surveys to find out the exact amount of land that needs to be acquired,” said a senior official involved in the process. The land acquisition near the checkpost area is expected to push the long-delayed Jubilee Hills Landmark Project in a limbo again, where about one acre needs to be acquired, according to officials.
The project is coming up on a 5.7-acre prime location, with a five star deluxe hotel, service apartments, retail showrooms and premium residential spaces. It was supposed to start in 2006 and be completed in 2008, but could not take off due to various reasons. Originally, Maytas, Nagarjuna constructions and ICICI Ventures had bought 5.7 acre for the project from the state for Rs 335 crore in 2006, which is considered to be the most expensive realty deal in city. Mantri Developers replaced Maytas after the Satyam fraud in 2009.
At present, construction of premium residential buildings is going on and they are likely to be handed over to occupants in a year. However, the TS government’s plans to acquire one acre here at this stage has cast a shadow on this project again. The government had recently accorded administrative approval to build multi-level flyovers at all busy junctions to ease traffic congestion in the city with an expenditure of Rs 20,670 crore under the Strategic Road Development Programme (SRDP).
In the first phase, works will be taken up around KBR Park at a cost of nearly Rs 500 crore, for which the government needs to speed up land acquisition. The government is expected to call for bids from private players to take up these works in a week. The government has set up a committee headed by GHMC special officer Somesh Kumar to work out how much land was needed for the project....