Telangana Chief Minister Admits Musi Rejuvenation Project as Real Estate Initiative

Telangana Chief Minister Revanth Reddy has admitted that the River Musi Rejuvenation project is a real estate initiative aimed at promoting investments and employment. He defended the project, rejecting allegations that it targets the poor and emphasizing that the Detailed Project Report (DPR) would be discussed in the Assembly.

Revanth Reddy, speaking at a meeting to unveil the DPR, argued that promoting the real estate sector is essential for securing investments and boosting development. He maintained that the project is not against any section of society and is being planned for the next generation.

The Chief Minister stated that if one Global Capability Centre were to be constructed, it would attract significant investment, and the government must promote real estate to support this goal. He emphasized that the state government is also promoting medical tourism, the pharma sector, and IT, and it is the government's responsibility to promote real estate as well.

Revanth Reddy sought to clarify that his government is not working against the interests of the poor or aligning with real estate companies for financial gains. Instead, the aim is to develop Hyderabad as a financially strong city. He questioned the opposition's motives, suggesting that they might benefit from false campaigns or personal gains.

He acknowledged the public opposition in areas like Lagacherla, Kancha Gachibowli, and Velugumatla, where the government had to shelve or delay land acquisition plans. However, he argued that the government has not lost touch with the human element and is considering the needs of all stakeholders.

Revanth Reddy also addressed the cost of the project, stating that the 21-km section of the Musi River project would cost around Rs 6,500 crore to Rs 7,000 crore, with the Gandhi Sarovar project constituting just two percent of the total cost. He highlighted that few Chief Ministers have achieved recognition for their policies and growth initiatives, and he sees this project as an opportunity to rewrite history.

The DPR presentation by the Musi Riverfront Development Corporation Limited (MRDCL) MD, EV Narasimha Reddy, detailed commercial structures and facilities proposed on the riverbanks, confirming the commercial nature of the project. Revanth Reddy maintained that the debate should focus on the broader benefits and not just the concerns of a few areas.

He called on the opposition to stop spreading conspiracy theories and to come up with constructive suggestions. He invited them to discuss the DPR in the Assembly and sought their cooperation. Revanth Reddy also praised the success of Operation Sindoor and the Miss World competitions, emphasizing Hyderabad's safety and appeal.

In conclusion, Revanth Reddy appealed to the opposition to stop the project if they genuinely believe it is not in the public interest. He expressed his willingness to consider all viewpoints and ensure a transparent and inclusive process.