The Hyderabad Metropolitan Development Authority or HMDA needs to find 20000 crore rupees in the next year and a half for city improvements like a new cable bridge over Mir Alam Tank. The state government can’t give them the money this time so they’re looking at other ways to get it. They plan to sell bonds which is like borrowing money from people who buy them.
To start HMDA wants to get 5000 crore rupees in the next four months. They’re picking someone to be their advisor. This person will help them with selling the bonds and make sure it’s done right. It shows they’re serious about getting the money and know what they’re doing.
Choosing to sell bonds shows that HMDA is changing how they pay for big projects. They can’t always rely on the government. Getting help from an advisor is a big step and sets things up for how they’ll handle money in the future to keep developing the city.