Hyderabad metro Phase-2: Compensation cheques to be distributed on Monday

So far, 169 owners have submitted their consent letters and ownership verification has been satisfactorily completed for over 40 of these properties

Hyderabad: Clearing the path for commencement of Phase-2 Metro works in the old city, the government has finalised the schedule to compensate affected property owners, said Hyderabad Airport Metro Limited (HAML) Managing Director, NVS Reddy.

There are 1,100 affected properties along the MGBS to Chandrayangutta route in Corridor-6 and a significant number of these property owners are voluntarily coming forward to provide their land for road widening and Metro rail construction, he said in a statement issued here on Sunday.

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So far, 169 owners have submitted their consent letters and ownership verification has been satisfactorily completed for over 40 of these properties, Reddy said. On Monday, the compensation cheques will be given by Transport and BC Welfare Minister and Hyderabad in-charge Minister Ponnam Prabhakar along with Hyderabad Member of Parliament, Asaduddin Owaisi.

District Collector Anudeep Durishetty has already determined a negotiated rate of Rs 81,000 per square yard as a consent award for affected properties. In addition, as per the Relief and Rehabilitation Act, eligible property owners will also be provided rehabilitation compensation and reimbursement for dismantled structures, he said.

Reddy emphasised that all compensations are being disbursed as per the Land Acquisition Act and based on the district collector’s decisions.