Musi riverfront project: Notification issued inviting affected land owners to seek TDRs
The Musi Riverfront Development Corporation Limited (MRDCL) has issued a notification inviting property owners in flood-prone and buffer zones to voluntarily surrender their lands in exchange for Transferable Development Rights (TDR).
Hyderabad: The Musi Riverfront Development Corporation Limited (MRDCL) has issued a notification asking the affected property owners to approach the corporation or GHMC and express their willingness for the issue of Transferable Development Rights (TDR) in lieu of surrendering their properties in the Maximum Flood Level (MFL) or Buffer zones of the River.
MRDCL is planning to develop the Musi Riverfront project spanning 55 kilometers from Gandipet to Gowrelly covering 46 villages in 14 mandals of Rangareddy, Hyderabad and Medchal Malkajgiri. The MRDCL proposed a comprehensive development covering a 50-metres buffer area on either side along the river.
Accordingly, it has now issued a notification asking the affected land and property owners in the MFL and buffer zones who are interested in seeking TDR to come forward. The land owners from Himayathsagar to Gandhi Sarovar (Phase I A) and Osman Sagar to Gandhi Sarovar (Phase IB) can avail of the TDR benefits in lieu of voluntarily surrendering their affected lands.
As per the notification, land owners in different survey numbers of Dargha Kaliskhan, Kismatpur, Hyderguda, Bandlaguda Jagir, Budvel and Upparpally have been invited to seek TDRs for the stretch from Himayathsagar to Gandhi Sarovar (Bapu Ghat) stretch covering 9.2 kms under Phase IA.
Similarly, land owners in different survey numbers of Gandipet, Narsingi, Manchirevula, Ibrahimbagh, Quilla Mohd Nagar, Gandhamguda, Hydershahkote, Hyderguda and Bandlaguda have been invited to seek TDRs for the stretch from Osman Sagar to Gandhi Sarovar covering 11.8 kms under Phase IB.
It may be recalled that the State government had announced that the Asian Development Bank (ADB) had agreed to fund Rs 4,100 crore for the Musi Rejuvenation project. In addition, the State government had also approached the Ministry of Jal Shakti for funding Rs 3,188 crore for the project under the National River Conservation Plan.
The entire project has been divided into five zones. The Musi Riverfront Development Corporation Limited (MRDCL) had engaged Meinhardt Singapore Private Limited, Cushman and Wakefield India Private Limited and RIOS Design Studio Private Limited consortium to prepare an “Aggregate Master Plan for Musi Riverfront Development” project.
