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on 2007/3/19 1:50:47
The price of chicken has shot up sharply in the recent past. Chicken was being sold at Rs 25 a kg last year when the bird flu epidemic first came to light. The price has gradually gone up. However, over he past one week, the price has almost doubled and chicken is now sold at well over Rs. 115 a kg. The traders say that the real estate boom is the culprit.
The soaring land prices around the twin cities have left many poultry owners out of business. An acre of land which cost just about Rs. 40,000 not long ago now goes for anywhere between 40 lakh and 75 lakh. This has resulted in many farmers selling off their land and shifting to new businesses.
The booming real estate boom has also led to a rise in the prices of vegetables. Many farmers are selling off heir lands as the prices have shot up to Rs one crore per acre at many places.
Hyderabad is on the fast track to becoming a city on par with Singapore. The state government has initiated several steps to improve infrastructure and other amenities in Hyderabad. The roads are being widened; underground cable work is in progress and the city will soon get Godavari water as well.
The outer ring road will speed up development in the adjoining areas. Many big names are setting up hotels in the city. So is the case with pharma companies. An underground aquarium ala Singapore will be established near Mir Alam Tank. The government has decided to improve MMTS services with an outlay of Rs 8,600 crore.
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