| Indian Railways News => | Topic started by irmafia on Feb 18, 2013 - 12:00:03 PM |
Title - Right on trackPosted by : irmafia on Feb 18, 2013 - 12:00:03 PM |
|
|
The realty sector on the city outskirts has been showing significant appreciation in property prices of late, thanks to the Transit Oriented Development project being planned by the Hyderabad Metropolitan Development Authority keeping in view the upcoming Hyderabad Metro Rail (HMR) project.The metro rail project is being devised to boost the mobility and connectivity between core areas of the city and the outskirts.The idea is to decongest the city and give an option for people to move to the outskirts, who otherwise are hesitating to do so due to lack of good connectivity in the absence of an efficient public transport system. The HMDA has recently proposed Transit Oriented Development (TOD) and a Transit Oriented Greenfield Nodal Development in Greater Hyderabad limits on public private partnership mode (PPP).These TODs are being proposed at Moosapet and Saroornagar while Transit Oriented Greenfield Nodal Development is being planned at Khanamet on the city outskirts.As part of TOD projects, the HMDA also plans to develop larger land parcels available on the metro rail corridors at Moosapet and Saroornagar. |