Hyderabad real estate development has taken the market by a storm with buildings built one after another.
The boom in Hyderabad development in general has made metros the need of the hour. Also, increased
traffic and the expansion has sped up the work leading to the inception of a well connected metro system
that makes travelling a piece of cake. Soon after the inception of the idea, the pandemic made the ongoing
projects come to a standstill thus incurring losses. Additionally, the change in the pattern of work i.e
working from office to work from home and now hybrid work culture has largely impacted the rider traffic
in the metros thus adding to the losses.
With Telangana Government agreeing to provide 3000 crores soft loan to L&THMRL (Hyderabad Metro Rail
Limited) was like a ray of hope for the company thus aiding Hyderabad development. The government also
allowed the L&THMRL to sell or lease land parcels to continue the work. As per resources, the Government
is said to give 1000 crores upfront and another 2000 crores in tranches. L&THMRL has a debt burden of
13000 crores and the interest free loan from the government is expected to reduce the debt to 8000 crores
thus supporting Hyderabad real estate development. As per the planning, additional funds of about 2000
crores will be collected by selling the land parcels in the coming one to one and a half year. This soft loan
will not only keep the project ongoing but will largely aid Hyderabad development and will also facilitate
the completion the metro work between Mahatma Gandhi bus station and Falaknuma.
This loan to L&THMRL came like a blessing to let the city experience the interrupted blooming!
Rs 3,000 crore loan for metro from Telangana Government
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