Hyderabad is at the heart of Telangana’s growth, and the recent announcement by Finance Minister Mallu Bhatti Vikramarka underscores this with a substantial allocation of Rs.10,000 crore for the city’s development. This strategic investment aims to enhance the city’s infrastructure, transportation, and overall quality of life for its residents. Let’s have deep look in Major Allocation’s in Hyderabad budget 2024
A New Hyderabad
The proposed budget for Hyderabad marks a significant step towards transforming the city into a world-class metropolis. With a focus on infrastructure, transportation, water management, and environmental sustainability, the government aims to enhance the quality of life for its citizens and propel Hyderabad to new heights of development.
Economic Growth and Quality of Life
The government’s vision extends beyond infrastructure and utilities. The budget includes provisions for creating economic zones, improving living standards, and preserving the city’s rich heritage. The Musi Riverfront project is expected to become a major tourist and commercial hub, generating employment opportunities and boosting the city’s economy.
Hyderabad budget 2024: Major Allocations for Hyderabad’s Development
1. Greater Hyderabad Municipal Corporation (GHMC):
- Budget Allocation: Rs. 3,065 crore
- Purpose: To improve urban infrastructure, road networks, and civic amenities within the city.
2. Hyderabad Metropolitan Development Authority (HMDA):
- Budget Allocation: Rs. 500 crore
- Purpose: To plan and oversee the urban development projects and ensure sustainable growth.
3. Hyderabad Metro Water Works:
- Budget Allocation: Rs. 3,385 crore
- Purpose: To enhance drinking water supply and sewage management systems across Hyderabad.
4. Hyderabad Urban Disaster Risk Reduction and Management Agency (HYDRA):
- Budget Allocation: Rs. 200 crore
- Purpose: To establish dedicated units for asset protection and disaster management, aiming to mitigate urban disasters effectively.
Also read: Union Budget 2024-25 Telangana: Key Allocations & Strategic Investments for Telangana’s Future
5. Hyderabad Metro Expansion:
- Total Allocation: Rs. 1,100 crore
- Airport Extension: Rs. 100 crore
- Old City Expansion: Rs. 500 crore
- General Metro Development: Rs. 500 crore
- Purpose: To extend metro connectivity, easing traffic congestion and improving public transit options.
6. Outer Ring Road (ORR):
- Budget Allocation: Rs. 200 crore
- Purpose: To enhance road infrastructure, facilitating smoother transit around Hyderabad.
7. Multi-Modal Transport System (MMTS):
- Budget Allocation: Rs. 50 crore
- Purpose: To develop a comprehensive suburban rail transport system, connecting various parts of the city efficiently.
8. Musi Riverfront Development Project:
- Budget Allocation: Rs. 1,500 crore
- Purpose: To revitalize the Musi River, creating recreational zones, plazas, children’s theme parks, and entertainment zones, transforming the riverfront into a vibrant economic and cultural hub.
| Category | Budget Allocation | Purpose |
|---|---|---|
| Greater Hyderabad Municipal Corporation (GHMC) | Rs. 3,065 crore | To improve urban infrastructure, road networks, and civic amenities within the city. |
| Hyderabad Metropolitan Development Authority (HMDA) | Rs. 500 crore | To plan and oversee urban development projects and ensure sustainable growth. |
| Hyderabad Metro Water Works | Rs. 3,385 crore | To enhance drinking water supply and sewage management systems across Hyderabad. |
| Hyderabad Urban Disaster Risk Reduction and Management Agency (HYDRA) | Rs. 200 crore | To establish dedicated units for asset protection and disaster management. |
| Hyderabad Metro Expansion | Total: Rs. 1,100 crore | To extend metro connectivity, easing traffic congestion and improving public transit options. |
| – Airport Extension | Rs. 100 crore | |
| – Old City Expansion | Rs. 500 crore | |
| – General Metro Development | Rs. 500 crore | |
| Outer Ring Road (ORR) | Rs. 200 crore | To enhance road infrastructure, facilitating smoother transit around Hyderabad. |
| Multi-Modal Transport System (MMTS) | Rs. 50 crore | To develop a comprehensive suburban rail transport system, connecting various parts of the city. |
| Musi Riverfront Development Project | Rs. 1,500 crore | To revitalize the Musi River, creating recreational zones, plazas, children’s theme parks, and entertainment zones. |
Hyderabad budget 2024: Regional Ring Road (RRR) Development
In addition to the Rs. 10,000 crore for Hyderabad, an extra Rs. 1,525 crore is proposed for the Regional Ring Road (RRR) project. This ambitious plan includes:
1. Northern Segment:
- Route: Sangareddy-Toopran-Gajwel-Choutuppal
- Length: 158.6 km
- Cost: Rs. 13,522 crore
- Purpose: To upgrade and declare this segment as a National Highway, ensuring it meets expressway standards.
2. Southern Segment:
- Route: Choutuppal-Shadhnagar-Sangareddy
- Length: 189 km
- Cost: Rs. 12,980 crore
- Purpose: Similar to the northern segment, to upgrade to an expressway standard with the potential for future expansion to 8 lanes.
Regional Ring Road Budget Allocations for Hyderabad
| Segment | Route | Length | Cost | Purpose |
|---|---|---|---|---|
| Northern Segment | Sangareddy-Toopran-Gajwel-Choutuppal | 158.6 km | Rs. 13,522 crore | To upgrade and declare this segment as a National Highway, ensuring it meets expressway standards. |
| Southern Segment | Choutuppal-Shadhnagar-Sangareddy | 189 km | Rs. 12,980 crore | Similar to the northern segment, to upgrade to an expressway standard with potential for future expansion to 8 lanes. |
Socio-Economic Impact
The primary objectives of these developments are:
- Economic Growth: Establishing economic zones and improving living standards.
- Heritage Protection: Preserving the cultural heritage of Hyderabad.
- Infrastructure Improvement: Upgrading urban infrastructure to support the city’s growth.
- Enhanced Connectivity: Improving road networks and public transportation to reduce congestion and enhance mobility.
A socio-economic survey involving 33 teams from the Revenue department is underway to assess the impact and benefits of these projects, ensuring that they align with the needs and expectations of Hyderabad’s residents.
Frequetnly Asked Questions:
A1: The total budget allocated for Hyderabad’s development is Rs. 10,000 crore.
A2: Rs. 3,065 crore has been allocated to the GHMC
A3: The Rs. 500 crore allocation to the HMDA is intended for urban planning and sustainable development projects in Hyderabad
A4: A total of Rs. 1,100 crore is designated for the Hyderabad Metro expansion, which includes Rs. 100 crore for the airport extension, Rs. 500 crore for general development, and Rs. 500 crore for expanding the metro in the Old City.
A5: The goal of the Musi Riverfront Development Project, with an allocation of Rs. 1,500 crore, is to revitalize the Musi River by creating recreational zones, plazas, children’s theme parks, and entertainment areas
Suggested Articles:
Union Budget 2024-25: Key Allocations for Andhra Pradesh
Union Budget 2024-25 Telangana: Key Allocations & Strategic Investments for Telangana’s Future
Union Budget 2024: Overview of the union budget Impact on Real Estate
