KTR questions CM over Telangana’s deteriorating revenue

BRS working president KTR cited various news reports on the deteriorating State revenue including a steep fall in Hyderabad's realty market.

Hyderabad: With the State revenue witnessing a clear dip, BRS working president KT Rama Rao questioned Chief Minister A Revanth Reddy about the latter’s failed policies affecting the State revenue. He cited various news reports on the deteriorating State revenue including a steep fall in Hyderabad’s realty market.

In a statement, Rama Rao charged the Chief Minister with failing to protect Hyderabad, the economic growth engine of Telangana, and instead instilling fear among the common people through reckless actions like bulldozer politics and demolition of properties in the name of HYDRAA.

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“Hyderabad’s real estate collapsed in just two months, and registrations have fallen sharply. The revenue has decreased. Chief Minister, if you’re not capable of generating new revenue, at least protect the existing income streams,” he remarked, questioning Revanth Reddy’s ability to manage the State’s finances effectively.

He also took aim at the government’s focus on developing the Future City, calling it a pet project of the Chief Minister and his brothers, hinting at favoritism and misplaced priorities. “You seem to be planning to create an artificial real estate boom in the name of Future City, but how can a boom happen without the common people buying and selling? How will the revenue increase?” he asked, casting doubts on the Chief Minister’s agenda.