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Traffic near Indira Gandhi Statue Junction at Prasad's IMAX, Hyderabad

I'm sure pretty much everyone who lives in Hyderabad must have experience the hefty traffic delay at Indira Gandhi Statue junction at the intersection of Prasad's IMAX road & Necklace road.
Specially at peak times during mornings & evenings of weekdays it becomes a pain crossing this intersection. Even traffic police are helpless at times.
The GHMC may have future plans for a Flyover connecting the bridge from Khairtabad junction to road for NTR gardens, this is both expensive & time-consuming outcome.
A simple, quick & cost-effective solution should be lifting the Indira Gandhi's statue 20-25 feets of the ground & completely removing the huge round circle (with grass grown garden), & installing intersection traffic control lights. The time consuming round circle, with messed up vehicles can be avoided & a regulated flow of traffic will be arranged.