BRS alleges India’s biggest ever land scam in Telangana

BRS accused the Revanth Reddy-led Congress government of orchestrating a Rs 5 lakh crore industrial land scam in Telangana, alleging undervaluation and illegal conversion of 9,292 acres. The party contrasted it with its transparent industrial land allotments during its tenure.

Hyderabad; The main opposition party Bharat Rashtra Samithi has accused the Congress government of setting the stage for ‘India’s biggest ever land loot’ in Telangana under the leadership of the Chief Minister A. Revanth Reddy.

The serious allegation came at a news conference addressed by the party working president K T Rama Rao at Telangana Bhavan on Friday. He accused the administration of orchestrating a Rs 5 lakh crore land scam involving the illegal conversion, undervaluation and reallocation of approximately 9,292 acres of prime industrial lands across Hyderabad and its surrounding areas.
Rama Rao alleged that the unfolding scam was intended to benefit Revanth Reddy personally besides his inner circle friends, family members, loyalists, in-laws, and brokers.

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He vowed that the BRS would not relent and warned buyers of such land to expect consequences. He contrasted this with the BRS’s decade-long tenure, during which concessional lands were allotted to industries transparently to attract private investment without favoritism or conversions.

He accused the Revanth Reddy government, which was in power since December 2023, of reversing the status of Industrial lands through the “Hyderabad Industrial Land Transformation Policy,” unveiled in a recent cabinet meeting. This policy, he claimed, was intended to facilitate the conversion of industrial estates into high-value private assets in 45 days.

Lands were provided by the successive governments over the past 50 to 60 years at concessional rates for industries, inviting and encouraging private investments. Because of such incentives, over the past decade, numerous companies approached Telangana, leading to robust industrial expansion without corruption.

The BRS “did not entertain conversions of the land status facilitating repurposing industrial or government lands. But Revanth Reddy has now set the stage for converting the status of industrial lands for commercial and real estate purposes. This policy would ensure conversion of public assets that served the goals of Industrial development for real estate purposes.

The Congress Government is out to allow regularization by paying just 30per cent of the government registration value. When the previous BRS government proposed paying a minimum of 100 per cent to a maximum of 200 per cent of the SRO rates if any such conversion was to be considered, the Congress party has now brought a new policy saying that paying just 30% is enough.

Such conversions were being entertained by the Congress government in view of its huge potential for levy of RR tax ( Revanth and Rahul Tax). Revanth Reddy would be eyeing up to Rs 40,000 crore to Rs 50,000 for himself under the conversion policy that is in active consideration, he alleged.