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The event will examine the historical significance of the Musi river to Hyderabad, its present deteriorated condition and the potential environmental and urban risks it poses to the city.

The land will be transferred to the Musi Riverfront Development Corporation Limited (MRDCL) for the Musi Riverfront Development Project (MRDP).

To prevent unauthorised development, restrictions have been imposed on areas within 50 to 100 metres from the river boundary (100 metres, including the buffer zone).

Deputy Chief Minister Mallu Bhatti Vikramarka assured builders of the government's support in addressing challenges while promoting the expansion of Hyderabad as a global city.

Dana Kishore said that most of the residents were willing to move into 2BHK houses

With the MRDP project, more employment opportunities would be created as tourism would be developed to a large extent, the minister said.