Hyderabad, Jan. 26 -- The Metro Rail project in the Old City of Hyderabad is gaining momentum as the Telangana government plans to generate funds through the auctioning of open plots in the Uppal Bhagayat Layout.

The funds that will be raised by auctioning the plots will be used to fund land acquisition for the 7.5 km Metro corridor from Mahatma Gandhi Bus Station (MGBS) to Chandrayangutta.

Funding land acquisition for Hyderabad's Old City Metro Corridor

According to a report published in TNIE, in order to facilitate the land acquisition for the Metro Rail project, the state government aims to raise Rs 600 crore through the auction of open plots managed by the Hyderabad Metropolitan Development Authority (HMDA).

The total cost of land...