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Hyderabad's Metro Phase 2 expansion achieved a key milestone with the distribution of INR 20 crore in compensation to 41 property owners in the Old City. Transport Minister Ponnam Prabhakar and MP Asaduddin Owaisi led the cheque distribution, marking progress on the seven-and-a-half-kilometre stretch of Corridor-6, estimated at INR 2,741 crore. Authorities determined a compensation rate of INR 81,000 per square yard, with additional rehabilitation benefits under the Relief and Rehabilitation Act. Chief Minister Revanth Reddy instructed officials to expedite the project, expected to enhance connectivity to iconic locations like Charminar. Groundwork, including barricade installation and utility relocation, is underway.
Hyderabad's Metro Phase 2 expansion achieved a significant milestone last week with the distribution of compensation cheques to property owners impacted by the project in the Old City. Transport Minister Ponnam Prabhakar and MP Asaduddin Owaisi handed over the initial batch of cheques at the district collector's office. The government disbursed INR 20 crore as compensation to 41 property owners across 34 affected sites. To enhance connectivity and convenience, modern amenities such as skywalks and footpaths will link metro stations to key tourist attractions, including Charminar, Lad Bazaar, and Salar Jung Museum. Advertisement
Authorities plan to complete the seven-and-a-half-km Old City Metro stretch within four years, with an estimated cost of INR 2,741 crore. Overall, the project involves compensations amounting to approximately INR 1,000 crore for 1,100 properties. NVS Reddy, Managing Director of Hyderabad Airport Metro Limited (HAML), disclosed that 169 of the 1,100 property owners along the MGBS-Chandrayangutta route have already submitted consent letters. He stated that most property owners have willingly accepted the terms, but joint ownership properties may cause delays.
Reddy explained in detail the negotiation process, stating that they initially offered INR 65,000 per square yard, while property owners demanded INR 1.5 lakh. After thorough discussions, they determined the compensation rate at INR 81,000 per square yard. In addition to financial compensation, the package includes rehabilitation benefits in compliance with the Relief and Rehabilitation Act. The district administration has completed ownership verification for 40 properties, enabling these owners to receive immediate compensation. Reddy pointed out that they strictly follow the provisions of the Land Acquisition Act for all disbursements.
Reddy outlined upcoming activities, stating that they will begin erecting barricades along the median at Falaknuma and start identifying and relocating utilities in the next few days. These steps signify the start of on-ground construction for the much-anticipated metro extension. Chief Minister Revanth Reddy has directed authorities to expedite this critical phase of the MGBS-Chandrayangutta corridor, also known as Corridor-6. Once completed, the project will significantly enhance connectivity within the Old City area.
District Collector Anudeep Durishetty, who played a pivotal role in determining the negotiated compensation rates, was also present at the cheque distribution ceremony. Authorities anticipate that more property owners will come forward to claim compensation in the coming weeks, ensuring the smooth progress of the metro project.
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