Telangana government moves to take over Hyderabad Metro assets
HYDERABAD: The process to take over the Phase-I Metro Rail project has gathered pace. All land parcels linked to the project are set to revert to the state government as it assumes control from L&T Metro Rail (Hyderabad).
Officials are holding discussions to complete the takeover by March 31. Meetings were held with the Chief Secretary at the Secretariat on Wednesday morning and later with Metro officials at the Metro Rail Bhavan in Begumpet.
Most land used for depots, malls and commercial complexes
The government had allotted about 269 acres for the first phase of the project. Of this, around 212 acres across three corridors were earmarked for Metro depots and another 57 acres for parking and circulation areas near stations.
Two acres were not handed over due to a dispute. An agreement allowed the company to use 267 acres for Metro infrastructure and commercial development. About 104 acres were utilised for the Uppal depot and 96 acres for the Miyapur depot.
The company also developed Metro malls and commercial complexes at Punjagutta, Erramanzil, Musarambagh, Madhapur–HITEC City and Raidurg. A separate commercial building was constructed at Raidurg. Officials said some land there was given to private firms on long-term lease.
Unutilised parcels remain near depots and key junctions
At Raidurg, nearly 15 acres were sub-leased for about 50 years as the company lacked funds to develop the land. It reportedly raised around ₹1,200 crore through this arrangement for the Metro project. Private real estate firms have since begun construction activity on the site.
Metro officials said some parcels under transit-oriented development remain vacant. More than 10 acres are available near the Miyapur depot, while over an acre is with the company opposite Sarathi Studios in Ameerpet.
Future expansion likely after project comes under state control
With the decision to take over the project, all movable and immovable assets of the company are expected to be transferred to the government. Officials believe that bringing Phase-I under state control could help speed up future expansion plans.
