High profile Real Estate ventures In Hyderabad Under Risk of HYDRA’s Demolition Drive

Thursday, November 14, 2024

Revanth Reddy government’s aggressive demolition drive under HYDRA is so far confined to some individual properties and residential localities of the poor, who are residing for a long time. But, hardly any high-profile real estate venture is seen to be targeted in this drive.

But a recent report from the Telangana Remote Sensing Application Centre (TGRAC), along with statements from Deputy Chief Minister Mallu Bhatti Vikramarka revealing that High Profile Real Estate Projects are allegedly under FTL. Moreover, all these projects already have obtained RERA and HMDA permissions.

Now, the rampant encroachment on Full Tank Level (FTL) water bodies by major real estate developments in Hyderabad became clear. The report reveals that more than 170 lakes have been affected since 2014, with around 386 acres near the Outer Ring Road (ORR) lost to construction activities.

Despite receiving official permissions, several residential and commercial projects are suspected of violating regulations regarding encroachments on water bodies.

Key residential complexes such as Candeur Skyline in the Financial District, Vertex Viraat in Miyapur, Sumadhura Palais Royale in Puppalaguda, Cybercity Oriana, Pooja Magic Breeze in Neknampur, SMR Vinay Boulder Woods in Bandlaguda Jagir, Vajram Ixora in Gopanpally, and Honer Signatis, Kukatpally have been cited for encroaching on lakes.

Commercial projects, including Phoenix 285 and Phoenix 25/Triton in Puppalaguda, and Vaishnavi Cymbol, are also flagged as significant violators. Lake encroachment typically involves constructing or extending buildings onto lake shorelines, clearing vegetation, and developing urban infrastructure like roads or parks within lake boundaries, contributing to environmental degradation.

The report further highlights that lakes in areas like Kistareddypet, Kuntloor, Shaikpet, Gopanpally, Bachupally, Poppalguda, Peeranchervu, Uppal Bhagat, Rampally, and Alwal have experienced complete encroachment over the past decade due to Hyderabad’s rapid real estate boom.

The real estate sector is said to be facing setbacks with the downfall in the market after the formation of the Revanth Reddy government in Telangana. Now, will his government dare enough to target such top builders in its pursuit for HYDRA drive?

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