NIMZ-Zaheerabad to Boost Narayankhed Real Estate: Government to Acquire 7,000 More Acres

Government Requires Additional 7,000 Acres for NIMZ-Zaheerabad, Says Health Minister

Sangareddy: The Telangana government will acquire another 7,000 acres of land to advance the National Investment and Manufacturing Zone (NIMZ) in Zaheerabad, announced Health Minister Damodara Rajanarasimha. Speaking at a cheque distribution program in Jharasangam mandal headquarters, the Minister confirmed that 5,000 acres had already been acquired by the Revenue Department, and ₹22.72 crore in compensation was handed over to 229 farmers for 500 acres of land.

Economic and Real Estate Growth

The NIMZ project, with a massive investment of ₹50,000 crore, is projected to generate ₹1.20 lakh crore in revenue and create employment for 2.5 lakh people. Minister Rajanarasimha emphasized that the project would transform the economic landscape of Zaheerabad and Narayankhed, significantly boosting infrastructure and industrial activity.

The anticipated development has already sparked interest in the Narayankhed real estate market. The demand for residential and commercial properties is expected to surge as the project progresses, attracting investors and businesses to the area. “The face of Zaheerabad and Narayankhed assembly segments will change dramatically once this project is completed,” the Minister said.

Fair Compensation for Land Acquisition

Highlighting the government’s commitment to fair practices, the Minister assured that assigned landholders are being compensated on par with registered landowners. This equitable approach has been instrumental in maintaining trust and cooperation among farmers during the acquisition process.

Officials and Dignitaries in Attendance

The event was attended by prominent officials, including Collector Valluru Kranthi, MLA K Manik Rao, NIMZ Special Officer Ravindar Reddy, Deputy Collector Nagalakshmi, and RDO Raju.

As the NIMZ-Zaheerabad project takes shape, the ripple effects on employment, industrial growth, and real estate development in the region are expected to drive unprecedented growth, solidifying Telangana’s position as a hub for industrial excellence and investment.