The Hyderabad Metropolitan Development Authority (HMDA) has announced a plan to raise ₹10,000 crore for infrastructure projects by mortgaging public land across the city. The authority has already secured ₹9,700 crore through bonds and debentures by using parcels totalling more than 817 acres as collateral.
The mortgaged lands include 26.5 acres in Izzat Nagar and 105 acres in Miyapur, both in Serilingampally mandal, 41 acres in Mokila of Shankarpally mandal, 27.5 acres in Isnapur and 17.5 acres in Patancheru of Patancheru mandal, nearly 45 acres in Gajularamaram in Qutbullahpur, 22 acres in Injapur of Hayatnagar, 49 acres in Chilkur, and two parcels of 449 acres and 35 acres in Jawaharnagar village of Kapra mandal.
The funds will finance two greenfield radial roads, one from the Raviryal exit of the Outer Ring Road to Amangal and another from Shamshabad to Pargi, as well as two elevated corridors on National Highway 44 and State Highway 01. The total estimated cost of these projects is ₹24,000 crore.
Bharat Rashtra Samithi (BRS) has criticised the move, questioning how land worth over ₹12,818 crore was pledged for a loan of ₹10,000 crore. BRS spokesperson Manne Krishank demanded the government disclose the valuation reports and agreements, and asked Chief Minister Revanth Reddy to explain the use of 817 acres as collateral. HMDA Commissioner Sarfaraz Ahmed said the mortgages complied with SEBI and RBI regulations and that the security offered was 1.25 times the bond value, with fair market value determined by Cushman & Wakefield.
