The Durgam Cheruvu lakefront in Hyderabad is set for integrated development and rejuvenation through a proposed Special Purpose Vehicle (SPV), covering approximately 140 acres. The proposal was approved by the Cyberabad Municipal Corporation (CMC) Standing Committee on Monday, allowing the project to be treated separately and potentially access loans after the SPV is constituted.
The SPV, also known as a Special Purpose Entity, is intended to provide a separate framework for the lakefront’s development and revival. The Standing Committee approval establishes the institutional route for the project, although the report did not specify the proposed entity’s ownership structure, financing amount, implementation timeline or detailed scope of lakefront works.
The decision was among several urban infrastructure proposals cleared by the committee. The meeting was chaired by Jayesh Ranjan, Special Chief Secretary for the metropolitan area and urban development within HMDA limits. CMC commissioner G. Srijana and other officials also attended.
The committee approved construction of the remaining stretch of a box drain from Trendz Junior to Vashinavi Pride Apartment. The drain will connect with the existing box drain under Kukatpally Zone and will be developed under the Strategic Nala Development Programme (SNDP) at an estimated cost of ₹5.95 crore.
Lake restoration was also included in the approved works. The rejuvenation and development of Chintal Kunta Lake, including desilting, embankment protection and water quality restoration, was approved at an estimated cost of ₹21.59 crore. The proposal also includes construction of a box drain at Narlakunta Lake.
Other approvals covered the construction of the Gajularamaram Circle Office building at an estimated cost of ₹5.18 crore and development of a model road from Hindu Muslim Graveyard to Allwyn Colony Circle Border at an estimated cost of ₹2.95 crore. The committee also ratified a Memorandum of Understanding with T-Works Foundation for innovation, prototyping and technology-led solutions to address municipal challenges.
The wider set of decisions included proposals on construction and demolition waste management, biodiversity, municipal infrastructure, energy management and civic services. Measures relating to the Jeedimetla construction and demolition waste processing facility and the reconstitution of Biodiversity Management Committees at the municipal level were among those passed.
The next formal step for the Durgam Cheruvu project is the constitution of the SPV. The committee’s approval indicates that the lakefront rejuvenation will be pursued as a separate project, with loan financing identified as a possible funding route after the entity is formed.
