The specialty of Osman Sagar and Himayat Sagar reservoirs is that they provide fresh water to four lakh families without any emissions. These reservoirs can be said to be a zero emission climate friendly urban water system. There are no reservoirs in the world that supply fresh water for only five paise. And, don’t we really want the waters of Gandipet, the glory of Hyderabad? Is 111 GO being lifted for the real estate community? What is the damage to the real estate sector due to the announcement of 111 GO’s cancellation?
Experts estimate that around 25 thousand flats will be sold in Hyderabad real estate every year. Let’s say each flat is around 1500 square feet. If some builders think that they will build 2 lakh square feet per acre, at least 750 acres of land will be required per year. Experts estimate that the share of western Hyderabad is more and it will be up to 500 acres. Several builders construct ten million square feet of IT space per year. At least 75 acres are needed every year to build these.
It can be said that 25 acres is needed every year to build commercial complexes and shopping malls. In total, around 800 acres are required every year to build apartments and IT complexes in Hyderabad real estate. Suppose we add 200 acres to this and the total is 1000 acres. Let’s assume that after the removal of 111 GO, only 65 thousand acres will be available. That is, it can be said that enough land will be available for the next sixty five years.
