Hyderabad: Civic body is left only with Rs 15 crore for roads
5 years, 9 months ago

Hyderabad: Civic body is left only with Rs 15 crore for roads

Deccan Chronicle  

Hyderabad: The state government’s flagship Strategic Road Development Plan could grind to a halt as the corporation is running out of money. An official said the corporation had utilised Rs 380 crore which was raised through municipal bonds, with the government standing security, to build skyways, grade separators and rotaries. Under the SRDP, the corporation has to construct seven skyways, develop 11 major and 68 minor corridors and 54 grade separators at an estimated cost of Rs 2,631 crore. Sources said that the corporation had only cleared bills of about Rs 380 crore for work worth Rs 855 crore. When asked about the finances, a senior GHMC official said the civic body has raised Rs 395 crore from the bond market and utilised Rs 380 crore.

Work Corporation Srdp 380 Crore 15 Crore  elections  corporation  work  srdp  civic  bonds  hyderabad  rs  body  left  code  utilised  15  crore  380  roads

History of this topic

Govt. accords administrative sanction to 20 engineering works costing ₹11,468 crore in Amaravati
1 day, 4 hours ago

Govt. accords administrative sanction to 20 engineering works costing ₹11,468 crore in Amaravati

The Hindu  

The Government of Andhra Pradesh on January 8, 2025 accorded administrative sanction to 20 engineering works in the capital city Amaravati valued at ₹11,468 crore. The CRDA had so far approved capital works costing approximately ₹50,000 crore and it was in the process of mobilising funds from the World Bank, Asian Development Bank, HUDCO and other lending agencies. had been …

Andhra Pradesh approves Rs 24,276 crore for Amaravati infrastructure projects
3 weeks, 2 days ago

Andhra Pradesh approves Rs 24,276 crore for Amaravati infrastructure projects

India Today  

The Andhra Pradesh Capital Region Development Authority, chaired by Chief Minister N Chandrababu Naidu, has approved infrastructure projects worth Rs 24,276 crore for the development of greenfield capital Amaravati, Municipal Minister P Narayana announced on Monday. "The 43rd CRDA meeting approved Rs 24,276 crore funds for the construction of trunk roads, layouts, and iconic bhavans in Amaravati capital," he stated. …

Hyderabad: BRS, AIMIM find civic body’s Budget estimates unrealistic
1 month, 1 week ago

Hyderabad: BRS, AIMIM find civic body’s Budget estimates unrealistic

New Indian Express  

They said after the draft estimates were given to them on Thursday, another two documents were given to them with changes in figures which did not tally and the figures were not realistic in nature, the MIM Standing Committee members said. As the state government in its budget 2024-25, announced `3,375 crore plus grant to the GHMC, but hardly released …

GHMC proposes Rs 8,340cr Budget for 2025–26
1 month, 1 week ago

GHMC proposes Rs 8,340cr Budget for 2025–26

New Indian Express  

HYDERABAD: The Greater Hyderabad Municipal Corporation has drafted an annual Budget estimate of Rs 8,340 crore for the financial year 2025–26, reflecting a rise of nearly Rs 400 crore compared to the 2024-25 Budget of Rs 7,937 crore. Additionally, a separate Rs 300 crore Budget has been allocated for projects of other corporations managed by GHMC, including the Telangana Housing …

GHMC Seeks Rs 10,500 Crore Grant from Finance Commission
4 months ago

GHMC Seeks Rs 10,500 Crore Grant from Finance Commission

Deccan Chronicle  

Hyderabad: The GHMC has urged the 16th Finance Commission to allocate Rs.10,500 crore to scale up the city's infrastructure and enhance municipal services. In a letter to the Dr Arvind Panagariya-led Finance Commission, which is in Hyderabad, the GHMC said the estimated population in its jurisdiction was 1.4 crore and growing. The GHMC said that it had spent around Rs.18,000 …

GHMC collects a windfall of Rs 1,917 crore in property tax
9 months, 1 week ago

GHMC collects a windfall of Rs 1,917 crore in property tax

New Indian Express  

HYDERABAD: The Greater Hyderabad Municipal Corporation has collected Rs 1,917 crore in property tax, which is Rs 257 crore more compared to the previous fiscal. Property tax collection for the previous year was around Rs 1,660 crore. The OTS scheme offered a waiver of 90% of the accumulated interest on property tax arrears, provided the taxpayers clear the principal amount …

Delhi Budget: Outlay for civic bodies increases to Rs 8,423 crore
10 months ago

Delhi Budget: Outlay for civic bodies increases to Rs 8,423 crore

New Indian Express  

NEW DELHI: The Delhi government has allocated an outlay of Rs 8,423 cores for civic bodies in its budget for the year 2024-25, a slight increase from the Rs 8,241 crore allocated in the previous year. Finance Minister Atishi said, “No state can make progress unless its local body is strong.” Of the total allocation, Rs 3,153 crore is earmarked …

Tax dues from govt agencies hold back civic body
1 year, 9 months ago

Tax dues from govt agencies hold back civic body

Deccan Chronicle  

HYDERABAD: The Greater Hyderabad Municipal Corporation, faced with a funds shortage, is carrying out a fine balancing act to pay staff salaries and take up infrastructure works, even as Central and state government agencies, besides individual taxpayers, owe Rs 8,000 crore in property taxes. Many dues have not been cleared for years, with the civic body stating that it was …

Even with Rs 1500 crore in kitty, GHMC unable to resolve traffic woes in city
2 years, 4 months ago

Even with Rs 1500 crore in kitty, GHMC unable to resolve traffic woes in city

Deccan Chronicle  

Hyderabad: The GHMC borrowed another Rs 1,500 crore to complete its ongoing projects. Officials said that the corporation cannot borrow more as it has already raised Rs 4,000 crore from banks and another Rs 1,000 crore through municipal bonds for the phase I SRDP. To begin the phase II works, the corporation has to depend on the state government for …

Telangana government owes GHMC Rs 5,258 cr towards property taxes
2 years, 7 months ago

Telangana government owes GHMC Rs 5,258 cr towards property taxes

Deccan Chronicle  

HYDERABAD: It seems government departments are not far behind in evading taxes if a piece of information furnished by the Greater Hyderabad Municipal Corporation is anything to go by. According to information obtained by an RTI activist, the state government has to clear a whopping Rs 5,258 crore pertaining to property tax in the city. This apart, an amount of …

GHMC sends SOS to state government for SRDP funds
2 years, 8 months ago

GHMC sends SOS to state government for SRDP funds

Deccan Chronicle  

Hyderabad: The Greater Hyderabad Municipal Corporation is sceptical about taking up works under the Strategic Road Development Plan phase-2 in view of its financial crunch and the state government’s apathy to bankroll its civic projects. Under the SRDP phase 2, the corporation had planned to take up the road-widening works of the Bengaluru Highway to Shastripuram Junction with an estimated …

GHMC approves Rs 6,150 crore budget
2 years, 9 months ago

GHMC approves Rs 6,150 crore budget

Deccan Chronicle  

Hyderabad: The Greater Hyderabad Municipal Corporation has approved the Rs 6,150 crore budget for the financial year 2022-23. As per the budget, capital expenditure covering road infrastructure, sanitation, illumination, greenery, drains, construction of pavements and other developmental works is Rs 3,350 core while revenue is put at Rs 3,434 crore. Apart from the Rs 6,150 crore budget there is a …

Telangana owes property tax worth Rs 678 crore to GHMC
3 years, 6 months ago

Telangana owes property tax worth Rs 678 crore to GHMC

Deccan Chronicle  

HYDERABAD: The Greater Hyderabad Municipal Corporation has a big headache – to recover over Rs 678 crore pending property taxes – that too from a defaulter against whom the civic body cannot do anything – the government of Telangana! Officials of the property tax wing of the GHMC said a whopping Rs 678.64 crore, out of a total Rs 714 …

Agencies executing 2BHK houses threaten to stall work across Hyderabad
4 years, 2 months ago

Agencies executing 2BHK houses threaten to stall work across Hyderabad

Deccan Chronicle  

Hyderabad: The Greater Hyderabad municipal corporation has been asking for Rs 490 crore immediately to continue the construction of 2BHK houses, apart from another Rs 1500 crore by first week of November to deliver the 85,000 2BHK houses prior to the election. With Rs 3,518.02 crore bills piled up, the corporation has set an immediate target to complete 23,076 2BHK …

Lenders refuse GHMC money to acquire land
4 years, 11 months ago

Lenders refuse GHMC money to acquire land

Deccan Chronicle  

Hyderabad: In a bad setback to the Greater Hyderabad Municipal Corporation, the financial agencies that have been funding the major infrastructure projects in the city have refused to release money for land acquisition. The corporation had grand plans to expedite the ongoing Strategic Road Development Plan, and expected `160 crore for the land that would have to be acquired during …

Telangana leaves GHMC fund-starved
5 years ago

Telangana leaves GHMC fund-starved

Deccan Chronicle  

Hyderabad: The Greater Hyderabad Municipal Corporation is heading toward a deep financial crisis as its income is dwarfed by its expenditure. The civic body's finance department officials lament that within less than two months, the corporation might not be able to pay salaries to its employees and it has no option but to depend on loans to take up the …

Hyderabad: Fund-starved SRDP to borrow Rs 2,500 crore
5 years, 1 month ago

Hyderabad: Fund-starved SRDP to borrow Rs 2,500 crore

Deccan Chronicle  

Hyderabad: With the Strategic Road Development Plan mired without funds, the government on Tuesday issued an order to borrow a rupee term loan of Rs 2,500 crore. The corporation raised only about Rs 100 crore at 10 per cent interest, against the Rs 200 crore needed. Against this backdrop, the corporation is depending on the RTL loan worth Rs 2,500 …

GHMC spending Rs 2,100 crore on roads
5 years, 2 months ago

GHMC spending Rs 2,100 crore on roads

Deccan Chronicle  

Hyderabad: The Greater Hyderabad Municipal Corporation has spent Rs 2,100 crore on city roads and sanitation in a year, though both are in pathetic condition. The civic body claimed it had spent Rs 1,200 crore for maintenance of roads and Rs 900 crore on sanitation. According to highly placed sources in the corporation, GHMC has been paying Rs 168 crore …

Hyderabad: Commuters to suffer as SRDP faces fund crisis
5 years, 2 months ago

Hyderabad: Commuters to suffer as SRDP faces fund crisis

Deccan Chronicle  

HYDERABAD: The state government’s flagship Strategic Road Development Plan to ease traffic snarls in the state capital has once again run short of funds. Though the Greater Hyderabad Municipal Corporation had earlier raised Rs 100 crore through municipal bonds, the amount was sufficient only to clear the pending bills. Work on SRDP has already been put on hold temporarily till …

GHMC asks Rs 1,350 crore, govt. gives Rs 25 crore
5 years, 3 months ago

GHMC asks Rs 1,350 crore, govt. gives Rs 25 crore

Deccan Chronicle  

Hyderabad: Monday’s state Budget was keenly watched for the allocations to the infrastructure projects in the city which need a total of Rs 30,000 crore. In the near term, the city needs about Rs 10,000 crore for ongoing projects like the Strategic Road Development Plan, the Musi Riverfront Development and Beautification project, the 2BHK housing project for the urban poor, …

GHMC turns to city outskirts for tax boost
5 years, 3 months ago

GHMC turns to city outskirts for tax boost

Deccan Chronicle  

Hyderabad: In order to enhance revenues for the second half of the year, the Greater Hyderabad Municipal Corporation has decided to form special task force teams to mop up Rs 1,800 crore in property tax during the current financial year. In August, the civic body prepared a list of assessments to be re-verified and notified 2,199 structures whose annual property …

Timely tax collection can fill GHMC coffers
5 years, 5 months ago

Timely tax collection can fill GHMC coffers

Deccan Chronicle  

Hyderabad: Due to rampant corruption at the ground level, the GHMC has been losing out on Rs 4,000 crore in the form of property tax. Corporation officials said that if the property tax is assessed accurately and collected timely, the civic body can fund infrastructure projects and regular maintainance works on its own. Highly-placed sources said that the civic body …

Hyderabad: High cost of funds puts off road projects
5 years, 5 months ago

Hyderabad: High cost of funds puts off road projects

Deccan Chronicle  

Hyderabad: Market fluctuations after the Union Budget was presented to Parlia-ment on July 5 and inc-essant rain in Mumbai have badly affected work on the Strategic Road Development Plan. The Greater Hyderabad Municipal Corporation which has raised Rs 395 crore from the market at 8.9 per cent and 9.38 per cent interest plans to borrow another Rs 300 crore. In …

Centre gave only Rs 7,907 crore to Andhra Pradesh
5 years, 6 months ago

Centre gave only Rs 7,907 crore to Andhra Pradesh

Deccan Chronicle  

Vijayawada: While BJP leaders have been claiming that the Centre had released abundant funds to Andhra Pradesh that has been facing worst financial crisis due to bifurcation, an analysis of the data acces-sed from the Union finance ministry shows that the state has received only Rs 7,907 crore in the first three years as central assistance under the AP Reorganisation …

Hyderabad: Fund crunch; 2-bedroom house project hits a wall
5 years, 7 months ago

Hyderabad: Fund crunch; 2-bedroom house project hits a wall

Deccan Chronicle  

Hyderabad: The Telangana state government has spent about Rs 5,500 crore towards its flagship 2BHK project, most of the money coming from the Housing and Urban Development Corporation Limited. The government has now run out of funds and has bills worth Rs 350 crore to be paid towards the construction of 2 lakh BHK houses. Although the government had earmarked …

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