KCR government beats all major states in asset development.
Throughout the last eight years, the BRS government has presided over a tremendous expansion in asset development. The government owned structures totalling 60 lakh square feet when it was founded in 2014. It has increased to 2.30 crore sq. ft. in eight years.
The new Secretariat alone takes up around 8.50 lakh square feet of this. The construction of new, integrated district collectorate complexes, educational facilities, and hospitals has resulted in significant asset development.
According to the Telangana Socio-Economic Survey 2023, which was presented during the current budget session of the Legislature, Telangana ranks first in the nation in terms of per capita development expenditure for building assets, surpassing Goa if all states are taken into account.
The creation of assets totaling more than 40 lakh square feet has been made possible by Chief Minister K. Chandrashekar Rao’s decisions to increase the number of districts from 10 to 33, build integrated district collectorate complexes in each district, build a new Secretariat, and build a cutting-edge police command control Centre in Hyderabad.
The department of roads and buildings is in charge of the majority of these projects. Prashanth Reddy, a minister for R&B, said: “The Chief Minister has prioritised asset building. I am lucky to be in charge of the R&B division, which has been tasked with creating assets. They stated it resembled the state secretariat when the Chief Ministers of Delhi and Punjab recently visited Khammam to take part in the complex’s opening for the integrated district collectorate. It’s the greatest compliment I’ve ever had.”
The state government spent Rs. 617 crores to build an 8.50 lakh square foot secretariat, Rs. 585 crores to build a 5.06 lakh square foot police command and control centre, and Rs. 1,600 crores to build 32 lakh square foot integrated district collectorate complexes.
Aside from this, the initiative of IT Minister K.T. Rama Rao to construct Hyderabad’s largest incubator, “T-Hub 2.0,” and to spread the IT industry to tier-II cities by constructing IT Towers has resulted in the construction of assets totaling 10,68,850 sq.ft.
While T-Hub 2.0 was constructed for around Rs. 400 crore and has a built-up area of 5.83 lakh sq. ft., 4,85,850 sq. ft. of assets were created by building IT towers in eight districts. At Warangal, Khammam, Nizamabad, Karimnagar, Mahbubnagar, Siddipet, Nalgonda, and Adilabad, IT towers have been built.
With a 24-story hospital facility and a price tag of Rs. 1,200 crore, Warangal’s Health City will produce an asset measuring 16.5 lakh square feet. The construction is moving very quickly, and the opening is anticipated by year’s end.
In Banjara Hills, Banjara Bhavan, measuring 61,544 square feet, and Adivasi Bhavan, measuring 82,009 square feet, were both inaugurated by Chandrashekar Rao in September.
Every district headquarters now has an additional 32 lakh square feet of assets because to the addition of a medical college and hospital. The $2,000 billion project to build three TIMS (Telangana Institute of Medical Sciences) facilities at three different places in the city is moving along quickly. This will produce assets measuring 41 lakh square feet. Three new TIMS hospitals with 1,000 beds each are being built at Alwal, Gaddiannaram, and Erragadda for a combined price of around Rs. 900 crores.
The long-delayed MLA and MLC apartments in Hyderabad were finished by the BRS administration in 2019. 2.88 lakh square feet worth of assets have been created from about 120 2,400 square foot units. An additional 4.23 lakh sq/ft was added as a result of the choice to construct camp offices for MLAs in each of the 119 seats.
Asset generation, however, is not just limited to building construction. Mission Bhagiratha and the Kaleshwaram lift irrigation project were built by the state government for roughly Rs. 35,000 crore and Rs. 1 lakh crore, respectively.