The City Hyderabad, the capital city of the state of Telangana, is one of the fastest growing metros in India. The core area of the city covers about 625 sq. km (under the jurisdiction of the Greater Hyderabad Municipal Corporation). Apart from being the centre for pharma and some other traditional industries, the city has now emerged as a major IT, ITES and other service sector industries hub. With a number of universities, R&D institutions and other centres of higher education, modern corporate hospitals and a world-class new international airport, the city is a thriving urban agglomeration.
The city's strategic geographical location, image as a multilingual cosmopolitan city and the pro-active policies of the state government are making it an attractive destination and a flourishing centre of trade and commerce. The population of the city, which is currently around 8 million, is projected to grow to 13.6 million by 2021.
Traffic & Transportation scenario of the city
In the absence of a comfortable and efficient public transportation system, the traffic and transportation scenario of the city is a matter for concern. The existing public transport in the city is mainly the buses run by the State Road Transport Corporation, a public sector undertaking of the state government. Out of about 8 million motorized trips in the city, the share of public transport is only about 44%.
The rapid growth of the city, the rising income levels and the lack of a good public transportation system are resulting in phenomenal increase in private vehicles, causing frequent traffic jams and high pollution levels in the city. Presently there are over 3 million vehicles and about 0.2 million vehicles are getting added every year.
Real Estate Development
To enhance the financial viability and bankability of the project, the Concessionaire is allowed to undertake real estate development through commercial exploitation of air space over the lands provided for creation of project facilities such as depots and parking and circulation areas at select stations. The real estate development can be undertaken by the Concessionaire above the ground floor at the three depots at Miyapur (99 acres), Nagole (96 acres) and Falaknuma (17 acres) and above the parking and circulation areas at 25 select stations (57 acres at Category I, Category II and Category III Stations) in accordance with the provisions of the Concession Agreement, Applicable Laws and Good Industry Practice.
The cumulative built up area to be utilized for real estate development is 18.5 million sq. ft. (about 12.5 million sq. ft. over the 3 depots and 6 million sq. ft. at the 25 select stations). The ownership of the land will always remain with GoT. The built up area can only be used for rentals during the Concession Period and it will have to be handed over to GoT at the end of the Concession Period in accordance with the provisions of the Concession Agreement.
With a view to providing a single point nodal agency to coordinate with various government, semi-government and private agencies and facilitating implementation of the project by the Concessionaire, Government has established a Special Purpose Vehicle (SPV) in the form of Hyderabad Metro Rail Ltd. (HMR) as it's fully owned undertaking. Consisting of a small but highly motivated group of experienced engineers and senior government officers, HMR has initiated several measures for acquisition of the required lands, identification of obstacles, R&R, obtaining right of way for the three corridors, etc. The Heads of utilities in the city, such as Hyderabad Metro Water Supply & Sewerage Board (HMWSSB) and the Southern Power Distribution Company of Telangana, and other connected senior officers of the government are on the Board of Directors of HMR.