Swanky Shilpa Layout flyover ready; cars set to zoom on new path soon

Hyderabad: The state-of-the-art Outer Ring Road to Kondapur flyover – Shilpa Layout Phase 2, which promises to ease the traffic woes of commuters in the IT Corridor, has been completed and is planned to be inaugurated soon. The flyover was constructed worth Rs 178 crore.
On Tuesday, GHMC Commissioner RV Karnan reviewed key safety features on the flyover, such as road markings and rumble strips as per IRC standards. The Commissioner ordered the engineering officers to install the rumble strips as per the IRC norms. He also visited the proposed inauguration site and instructed officials to expedite the final works, including road painting and Urban Biodiversity (UBD) plantation along the central median. The commissioner said, 'All civil work has been completed at the flyover, and only beautification and greenery work remain. The flyover, constructed from ORR to Gachibowli for Rs 178 crore, will soon be open for traffic.' The Commissioner was accompanied by Project CE Bhaskar Reddy, Deputy EE Harish, Zonal SE Shankar Nayak and others.
Built under the Strategic Road Development Programme (SRDP), the six-lane flyover spans 1.2 kilometers and is 24 meters wide. It is the third-level flyover at the location, built above the existing Gachibowli Junction and Shilpa Layout Phase 1 flyovers.
According to GHMC, its unique feature lies in being a third-level structure constructed atop two pre-existing flyovers. Below, the Gachibowli Junction Flyover, with the Shilpa Layout Phase 1 Flyover situated above it, and now the newly constructed Phase 2 Flyover has been added on top.
The flyover will reduce the severe traffic snarls at Gachibowli Junction to a large extent. The new structure is designed to streamline traffic from the ORR towards Kondapur and Hafeezpet, reducing travel time and bypassing frequent bottlenecks at Gachibowli. It will also facilitate smoother travel between Kondapur and Shamshabad Airport, offering a more direct and less congested route to the Financial District and HITEC City.
Later, the commissioner inspected various areas in Hafizpet. During the inspection, he instructed the officers to remove the waste under the Hafizpet flyover and make it suitable for sports.
Furthermore, he instructed the officers to inspect the Eerla Cheruvu drainage diversion works and complete all pending works.
The Commissioner was accompanied by Corporator Jagadish Goud, Zonal SE Shankar Nayak, Lakes EE Narayana, Deputy Commissioner and others.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Business Standard

17 minutes ago

• Business Standard

Yes Bank extends CEO's tenure by 6 months: Move to help SMBC steer strategy

The six-month extension given to Yes Bank chief Prashant Kumar aims to give incoming shareholder, Sumitomo Mitsui Banking Corporation (SMBC), room to decide the lender's leadership and strategy once the ownership changes, said industry insiders. The private-sector lender last week told exchanges the Reserve Bank of India (RBI) had approved Kumar's extension as managing director (MD) and chief executive officer (CEO) till October 6. However, Yes Bank did not say how long an extension it had sought for Kumar. Kumar has led the bank since its reconstruction in March 2020. He was first appointed the bank's administrator and later made the MD & CEO. Before that, he was deputy MD and chief financial officer of State Bank of India (SBI). Kumar received his first extension as Yes Bank MD & CEO in October 2022 for a three-year period. ALSO READ: RBI gives Yes Bank MD & CEO Prashant Kumar 6-month extension: Lender After SMBC announced that it will buy a 20 per cent stake in the private lender from SBI and others, reports said that Yes Bank's board is considering appointing a new MD & CEO and has engaged a headhunting agency to assist in the search. (SBI and other lenders had chipped in to reconstruct Yes Bank for over Rs 13,000 crore.) Kumar, over five years, has shifted the bank's focus from 'affluent' to 'mass affluent' customers and transformed its corporate-heavy book into largely retail, including MSME. Retail and SME books together constitute 60 per cent of its total loan book, compared to 36 per cent in March 2020. The bank's asset quality has improved with gross non-performing assets at 1.6 per cent at the end of March 2025, compared to almost 17 per cent at the end of March 2020. 'We are talking about the next five years because we have made the balance sheet strong enough, where the future earnings are not going to be impacted because of any past impact,' Kumar told 'Business Standard' last month. The RBI is allowing leeway for new shareholders to take their call about the bank's management, according to Abizer Diwanji, founder of NeoStrat Advisors LLP. The expectation seems to be that regulatory approvals will be secured in six months, allowing the new ownership (along with their representatives on the bank's board) to decide the bank's leadership. 'Under Kumar, the bank's retail strategy is yet to play out well. The cost-to-income ratio remains elevated, highlighting the need for more corrective measures on the retail front. Additionally, priority sector lending obligations have put pressure on margins, and key metrics like return on assets (RoA) and return on investment have shown limited improvement. That said, Kumar's conservative approach has helped keep asset quality at a manageable level,' said Diwanji. The bank aims to have a RoA of 1 per cent by FY27. In FY25, the RoA was at 0.6 per cent. It hopes to reach 1.5 per cent RoA in the next four-five years, Kumar had said previously. 'The bank has performed reasonably well, with shareholders — including SBI and other private sector banks — doubling their investment over the past five years. The six-month extension granted to the current MD & CEO provides flexibility to the new shareholder, SMBC, to decide on the leadership that will drive their strategic vision for the bank going forward,' said an industry expert, who did not wish to be named. 'Therefore, the shorter extension for the incumbent MD & CEO is likely not a reflection of performance, but rather a move to allow the new stakeholder greater flexibility in shaping the bank's future,' said the expert.

Time of India

18 minutes ago

• Time of India

Campus Fund launches $100 million third fund

Synopsis This is the largest fund so far of the Campus Fund, which invests in student-led startups. The fresh funds will be used to invest in 60-80 startups in the next four years, with initial cheques ranging from Rs 21 crore to Rs 28 crore. About 50% of the fund will be earmarked for follow-on investments.

Time of India

18 minutes ago

• Time of India

Mohali to get ‘Jail Bhawan' soon

1 2 3 Mohali: In a major step toward modernising Punjab's prison administration, the state government will construct a state-of-the-art head office for the jail department, named Jail Bhawan, in Mohali. Jail minister Laljit Singh Bhullar laid the foundation stone of the project on Friday. Speaking at the ceremony, Bhullar said the new headquarters would streamline administrative operations and centralise policymaking. "This is part of a broader reform agenda. While we continue to upgrade jails across Punjab with modern technology and infrastructure, a dedicated head office will significantly boost operational efficiency and coordination," he said. The Jail Bhawan will be in Sector 68, Mohali, on a one-acre plot, with a covered area of approximately 83,947 square feet. The project is estimated to cost Rs 35 crore. Although the scheduled completion date is April 2027, the minister has directed the contractor, ASC Builder, to complete the project by Dec 2026. The five-storey building, including a basement, will feature ultra-modern amenities such as escalators, lifts, firefighting and alarm systems, a local area network (LAN), central air conditioning, solar power generation units, and a sewage treatment plant (STP). It will also include parking space for up to 115 vehicles. Highlighting the financial prudence of the initiative, Bhullar noted that the new facility will save the department Rs 7 lakh per month, or Rs 84 lakh annually, currently spent on office rentals. "Beyond cost savings, this initiative represents a qualitative leap in how the jail department will operate going forward," he said. The minister reiterated that this would provide a modern and efficient working environment for jail officers and staff, reflecting the government's commitment to upgrading infrastructure for law enforcement and administrative departments.