Actor and politician Nandamuri Balakrishna
Hyderabad: Construction of a 4.3-km-long, six-lane elevated corridor connecting Muffakham Jah College with Jubilee Hills checkpost is progressing rapidly, with actor Nandamuri Balakrishna , voluntarily parting with over 800 square yards of land at his residence to facilitate expansion of Road no 45 junction. The expansion is part of a ₹1,090-crore project that involves a steel flyover designed to speed up construction while reducing environmental disruption. 1. Bhavya Constructions handed over 341.33 square yards of land in exchange for TDR While Shabdalaya Studios handed over 608 square yards of land in exchange for TDR. Land in the area is valued at approximately ₹4 lakh to ₹5 lakh per square yard.
A dedicated connecting ramp is also being constructed to link the elevated corridor with Banjara Hills Road No. Apart from Balakrishna, Shabdalaya Studios and Bhavya Constructions have also agreed to part with land portions of their properties in the larger public interest. Given the prime location and commercial and residential importance of these properties, the land contributions have been significant for the ongoing infrastructure works. The owners opted for transferable development rights (TDR) instead of monetary compensation.
Balakrishna agreed to surrender approximately 862.77 square yards of land at his residence in Jubilee Hills. NTR built the house for Balakrishna in 1982, and it has remained his residence for decades. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad Stay updated with the latest Hyderabad news.
The ongoing works will affect more than half of one of the buildings on the property, necessitating relocation, the chief minister’s office said in a statement. The residence carries considerable historical and emotional significance for the Nandamuri family. It has also hosted family celebrations and served as a place where NTR met his fans. Despite this attachment, Balakrishna agreed to part with the land without seeking monetary compensation, opting instead for TDR. Download the TOI App.