Sri Venkateswara Swamy Temple, popularly known as Tirupati Temple, witnesses around 75,000 to 1,00,000 pilgrims everyday. Recently, the city of Tirupati, where the temple is located, has been selected as one of the smart cities to make the city more livable under PM Modi’s Smart City mission. Since the announcement, the city has been on a compete roll undertaking 77 projects worth Rs 1,600 crore. The pilgrim city has [already] identified three areas: residential, commercial and industrial.
Under this plan, the Tirupati Municipal Corporation (TMC) is planning for a major retrofit activity for all the bus stations under area-based development with a projected cost of Rs 300 crore on a public-private basis. V Vinay Chand, Commissioner, TMC, shares, “This project will require the redevelopment of bus stations by demolishing the entire existing structures to be transformed into a new multi-modal integrated hub.”
These bus stations, Chand explained, will be incorporated with features such as multi-layered parking, modern reservation counters, modern platforms with advanced public announcement and display, to name a few. The Corporation also plans to commission three- or five-star lodging facilities, entertainment zone and a medical facility, which will cater to the emergency needs of the passengers and visitors.
What’s more! Since the Corporation owns a substantial amount of land parcel, it has decided to develop four multi-level car parking (MLCP) projects with a total outlay of about Rs 200 crore.
That apart, the Corporation will be implementing a few unique projects, and one of them is an integrated command and collaboration centre. They are also planning to construct an art district, which is a five-storey structure with a mix of art, entertainment and skill. Each floor in this art district will be devoted to a particular activity that is yet to be decided. This project should see an investment of about Rs 150-200 crore.
The modernisation of the vegetable market is another project that will provide a good opportunity for the real estate sector. “Through this project, we will be tapping around two acres of prime land in the heart of the city. This vegetable market will fully air-conditioned,” added Chand.