Properties near metro stations can be turned commercial soon

by Paul Joseph on January 1, 2014 · 0 comments

HYDERABAD: Land owners having properties within 300 metres of the proposed Hyderabad metro rail stations would soon be able to utilize their properties as per the new guidelines on Transit Oriented Development (TOD) prepared by the Hyderabad Metropolitan Development Authority (HMDA). Under the new rules, owners can use their property for developing malls, office spaces, hotels, restaurants, service apartments, hospitals, health clubs, high street retail business, entertainment zones or hostels, apart from residential purpose. Officials said 19 locations have been identified for such development – Miyapur, Kukatpally, Balanagar, Moosapet, Bharatnagar, Ameerpet, Punjagutta, Erramanzil, Khairatabad, Nampally, Nagole/Uppal, Tarnaka, Mettuguda, Parade Grounds, Rasoolpura, Hitec City, Raidurg, LB Nagar and Moosarambagh. The guidelines

[via Real Estate News from India and Discussion Forums]

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