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The Hyderabad Metropolitan Development Authority (HMDA) is intensifying its land pooling initiatives to bolster revenue and streamline urban planning. Currently, three projects encompassing approximately 300 acres are underway in Pratap Singaram, Lemur, and Inmulnarva. Additionally, four more schemes covering 540 acres are slated for launch in Qutubullapur, Thimmaiguda, Korremula, and Kurmalguda. These projects aim to provide farmers with 60% of the developed plots, while HMDA retains 40%, ensuring mutual benefits. The land pooling model has led to significant appreciation in land values, with prices in Inmulnarva soaring from INR 8,000 to INR 20,000 per square yard post-development. This approach not only offers farmers higher returns but also facilitates efficient infrastructure development without the need for government land acquisition.
Land pooling schemes are being actively advanced by the Hyderabad Metropolitan Development Authority (HMDA) in an effort to improve revenue generation and encourage planned urban development. Currently, approximately 300 acres are being developed in Pratap Singaram, Lemur, and Inmulnarva, with plans to initiate four additional projects covering 540 acres in Qutubullapur, Thimmaiguda, Korremula, and Kurmalguda. Advertisement
In the initial phase, HMDA is focusing on 150 acres in Pratap Singaram, strategically located near the Outer Ring Road, alongside 31 acres in Inmulnarva and 39 acres in Lemur. The subsequent phase will involve larger layouts exceeding 100 acres each, including 156 acres in Thimmaiguda, 130 acres in Qutubullapur, 138 acres in Korremula, and 115 acres in Kurmalguda.
The land pooling model adopted by HMDA operates on a 60:40 sharing mechanism, where landowners receive 60% of the developed plots, and HMDA retains 40%. This equitable arrangement ensures that farmers obtain higher value for their land, with legal clarity and protection from exploitation, while enabling HMDA to develop infrastructure efficiently.
For instance, in Inmulnarva, prior to the development, land prices were around INR 8,000 per square yard. Following the development of roads and infrastructure, and before the plots were handed back to the farmers, land prices surged to INR 20,000 per square yard. Additionally, the state's 'Future City' initiative for the southern region of Hyderabad has further augmented land value in these areas.
This strategic shift towards land pooling schemes comes in response to a slowdown in the traditional real estate market. HMDA is now focusing on identifying key villages near the Outer Ring Road and inviting landowners to participate voluntarily, thereby eliminating the need for the government to acquire high-value land in prime zones.
However, challenges persist. A minimum of 30 acres is required to initiate a layout development, with 50 acres being ideal for viability. Despite these challenges, HMDA's proactive approach aims to transform land pooling into a sustainable model for urban development, benefiting both landowners and the city's infrastructure growth.
By fostering collaboration with landowners and focusing on infrastructure development, HMDA is paving the way for a more organized and efficient urban landscape. This model not only enhances revenue generation but also ensures that the benefits of development are equitably shared, contributing to the overall growth and prosperity of the region.
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