The Hindu 24.08.2012
HMDA plans commercial complex
The Hyderabad Metropolitan Development Authority (HMDA)
is planning to construct a modern commercial complex of international
standards with access to the nearest metro rail station at its 24 acre
site in Moosapet. The site was restored to HMDA after the proposal to
construct an agriculture complex project landed in a controversy.
Prime property
Having
taken possession of the site valued anywhere between Rs.350 crore to
Rs.400 crore, ideas are being worked out on best way of utilising it.
Biggest
advantage of this prime property is its location on the Mumbai Highway
road and also proximity to the metro rail station.
HMDA officials are mulling to make at least part use of the massive land for the complex if not the entire area.
“The
proposal is still at a conceptual stage. We are considering the
possibility of using at least the front part of the site for this
project. The complex be of international standards and then access can
pe provided to the elevated metro rail. We will also discuss the issue
with metro rail authorities also,” says Neerabh Kumar Prasad, HMDA
Commissioner.