800 properties listed for Metro rail phase 2 acquisition
By : DC Correspondent
Update: 2024-12-21 17:12 GMT
Hyderabad: The land acquisition process for Hyderabd Metro Rail Phase-2 along Corridor 4, from MGBS to Chandrayangutta, is progressing quickly. Notifications have been issued to acquire 800 properties along this route.
After discussions with property owners, authorities have set the compensation rate at ` 81,000 per square yard, along with the value of the building on the property.
The property owners have to visit Metro Bhavan in Rasoolpura, Begumpet, to give their consent for the acquisition. Officials have promised to pay the full compensation amount by cheques within 10 days of receiving consent.