Economy
HMDA mortgages land parcels to raise ₹10,000 crore
The Hindu2h
THE BRIEF
1
The Hyderabad Metropolitan Development Authority is raising ₹10,000 crore through loans by mortgaging 817 acres of land across 10 locations as security.
2
The funds will support infrastructure projects including two greenfield radial roads and two elevated corridors, with total project costs pegged at ₹24,000 crore.
3
The opposition BRS raised concerns about the transparency of the transaction and demanded that the government disclose valuation reports and agreements.