Eyeing Realty Expansion, Hyderabad To Stip Two Lakes Of Drinking Water Source Tag
With the bifurcation of Andhra Pradesh, the demand for housing has grown significantly in Hyderabad. So much so, that authorities are forced to discover new ways to find land for redevelopment. The likely move to de-notify two lakes of their current status of being drinking water sources is a move in that direction.
In a step to facilitate urban expansion, authorities have reportedly decided to de-notify two of Hyderabad's lakes — Osmansagar and Himayatsagar — as the city's drinking water sources. Once the process to do the same is complete, the land along the two lakes would be used for recreational and commercial developments. So far, commercial activity within the radius of 10-km of the lakes was strictly prohibited under the provisions of the government order 111.
As the cities need of drinking water will be met by the two rivers — the Krishna and the Godavari — the city's water needs will be taken care of. According to media reports, in October last year, authorities stopped drawing water from the two lakes for meeting the drinking water needs for the city dwellers.
However, authorities will have to ensure no illegal construction mushroom along the lakes and no dumping activities take place either.
Over the past decade, prices of the land along the two shot up significantly. For instance, you have to shell out up to Rs 4 crore to buy a villa in area where construction is not prohibited. With the lifting of the prohibition, prices of the land close to the lakes will increase further. Areas that are likely to see an appreciation in their values include Shabad, Shamshabad, Shankarpally, Moinabad Rajendranagar and Chevella Mandals.