Revanth Reddy eyeing 21 industrial estates in Hyderabad to convert them into personal goldmines, says KTR

BRS working president KT Rama Rao has accused Chief Minister A. Revanth Reddy of attempting to convert 9,300 acres of Hyderabad’s prime industrial land into real estate ventures under the proposed Industrial Land Transformation Policy. He alleged that the move would benefit cronies while depriving citizens of essential infrastructure.

Hyderabad: Warning of irreversible damage to the city of Hyderabad with the Congress government’s proposed Industrial Land Transformation Policy, BRS working president KT Rama Rao on Tuesday said that Chief Minister A Revanth Reddy was eyeing 21 prime industrial estates as part of his master ‘loot plan’.

Unveiling the Deeksha Diwas poster in the city on Tuesday, he said Revanth Reddy was converting 9,300 acres of prime industrial land of Hyderabad into personal goldmines to fill his family coffers for the next three generations. Even his grandson would be able to live off the wealth sought to be amassed by the Chief Minister, he said.

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Addressing party workers, he said the Congress government agenda was ‘no development’. The party was out to unleash its disruptive potential. While common people are left without parks, parking spaces, graveyards or hospitals in the city, Revanth Reddy is out to benefit his cronies, he said, vowing that the BRS would not remain a mute spectator to this ‘generational robbery’.

Calling upon party workers and functionaries to shoulder the task of safeguarding the resources of the State, Rama Rao also took a dig at the approach of a section of media towards such serious issues facing the State, adding that he did not expect support from the mainstream media.

He exhorted partymen to make use of social media available to them. The role that partymen play in such issues would shape the future leadership of the party, he said, asserting that BRS party president K. Chandrashekhar Rao had emerged as the architect of the State as he had shouldered the task of fighting for Statehood.

He recalled that consecutive governments in the State had given lands at concessional rates only to promote industries, employment and tax revenues. Thousands of acres were allotted at highly concessional rates with the sole purpose of setting up industries and not real estate ventures.

Major industrial estates including Jeedimetla, Mallapur, Katedan and Balanagar were promoted as part of the initiative. The land value at Balanagar was over Rs 1.5 lakh per square yard and over Rs 72 crore per acre. However, the Revanth Reddy government plans to facilitate land conversion by charging just 30 percent of the registration value as against the 100 to 200 percent mooted by the previous BRS government.

‘When people approached us for industrial lands to construct apartments, we firmly refused. We wanted them to use the land for IT and other non-polluting industries. That is how we protected these lands,” he said.