Telangana Chief Minister K.Chandrasekhar Rao earlier announced that he will build a Pharma City and a Cinema City on outskirts of Hyderabad city after coming to power in June'14. He also conducted lots of aerial surveys in three helicopters which is accompanied by industrialists. 


More than thousands of acres of lands were identified during this survey. So far none of them knew what happened to these projects. KCR is also tight-lipped. But as he won the elections, he is trying to fulfill the promises. 


In this case, a team of real estate developers has met KCR and asked him to ensure that real estate sector is booming in Hyderabad. Past six years the real estate is down due to lots of political uncertainties and bifurcation process. The sector is sluggish. They also asked KCR to provide  certain incentives and concessions to revive the sector. 


Now KCR has asked the builders to develop a new city at Outer Ring road at a space of 4000 acres. This has shocked builders as they were wondering the project will take a long time to complete and it is still vacant without any takers.



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