The Greater Hyderabad Municipal Corporation (GHMC) has proposed to construct around 600 houses in the restricted area on the Hussainsagar lake bed and catchment areas, despite court’s orders against putting up permanent structures there.
A housing project, proposed by the Hyderabad corporation, is supposed to come up near Prasads on the Hussainsagar lake area. Last Month Andhra CM, Y S Rajasekhara Reddy had instructed the GHMC to build houses for the weaker sections under the JNNURM scheme replacing the slums abutting the lake.
Hussainsagar in Hyderabad was a beautiful 1,300 acre lake, but after encroachments and illegal constructions it has shrunk to only 900 acres now.
Under JNNURM scheme, for the beneficiary of each house it costs about Rs 2.67 lakh INR. but he has to contribute Rs 5,000, the rest of the amount is being provided as bank loan from state govt and the Indian Govt contribution.