"tgiic"

The TGIIC has raised Rs 2,833.22 crore from two successive land auctions at Raidurg, underscoring Hyderabad’s growing appeal as a business hub. Plot P2 alone fetched Rs 1,447.22 crore at Rs 269 crore per acre, surpassing last week’s record bid for Plot P1.

The Yelgoi gram panchayat in Sangareddy has opposed orders seeking transfer of certain panchayat powers under NIMZ Zaheerabad to NICZISCL and TGIIC. It demanded pending rehabilitation compensation, employment for locals and continuation of panchayat rights over 1,356 acres.

TGIIC’s e-auction of Plot No. P1 at Raidurg fetched a record Rs. 264 crore per acre, generating Rs 1,386 crore from 5.25 acres. The bid marked a 50.9 percent premium over the reserve price and underscored the rising demand for prime land in Hyderabad.

Gram panchayats in the Zaheerabad NIMZ area have opposed the Telangana government's move to transfer certain panchayat powers to NICZISCL and TGIIC. Haddanur and Yelgoi gram panchayats have passed resolutions rejecting the proposed transfer of powers.

The Telangana High Court directed TGIIC to file its counter with photographs in a writ petition challenging the auction of two land parcels at Raidurg Panmaktha, alleged to fall within a heritage and rock-preserved area. The matter was adjourned to August 20.

Chief Minister A Revanth Reddy’s August 15 visit to Sangareddy has raised speculation over the renomination of T Nirmala, wife of TPCC Working President T Jagga Reddy, as TGIIC chairperson after her two-year tenure ended on July 11.

The Telangana Government plans to auction 10.63 acres at Panmaktha village in Raidurg near Durgam Cheruvu. BRS leader T Harish Rao opposed the proposed auctions, citing alleged heritage, ownership, Waqf and legal disputes over the land.

The Telangana government is planning to auction eligible government lands reclaimed by HYDRAA to boost revenue. Officials are scrutinising dispute-free parcels, while HMDA and TGIIC are expected to conduct phased auctions as part of the State's broader land monetisation strategy.

Former minister T Harish Rao on Saturday accused the Congress government in Telangana of spreading "false propaganda" on the State’s debt burden to divert attention from governance failures and corruption.

Senior BJP leader Ponguleti Sudhakar Reddy has urged Union Minister Chirag Paswan to intervene in alleged irregularities in land allocations at Buggapadu Mega Food Park in Khammam, questioning transparency, investments, employment generation and the project's benefits to local farmers.

A major controversy has erupted in Khammam over the allotment of land at Buggapadu Mega Food Park to an Andhra-based company at rates far below market value. Allegations of a scam have surfaced, with opposition leaders demanding an enquiry into the role of Minister Tummala Nageswara Rao.

The Telangana government is weighing the option of withdrawing deposits and discontinuing services with the State Bank of India after the bank challenged the Raidurg land auction in the High Court. The dispute centres on five acres originally allotted to the erstwhile State Bank of Hyderabad, with the court staying further proceedings.

The Telangana High Court stayed further proceedings relating to the Raidurg land auction after SBI challenged the State's decision to auction land originally allotted to the bank. The Court sought clarification on the public purpose behind the auction and granted interim relief.

The Telangana government has operationalised the Hyderabad Industrial Land Transformation Policy (HILTP) with detailed guidelines and launched a dedicated online portal to facilitate relocation of polluting industries from the city’s core urban region.

The Telangana State Industrial Infrastructure Corporation (TGIIC) e-auction at Osman Nagar saw unprecedented bidding, with plots fetching up to 30% above reserve prices. Plot No 1 achieved Rs 51.25 crore, while Plot No 6 secured Rs 44 crore.

TGIIC notified the auction of over 15 acres at Osman Nagar in Sangareddy on April 23, a month after postponing earlier plans. TGIIC attempts to acquire lands for establishment of industrial parks at other places triggered protests and objections from farmers.

More than two years after the Congress government took office in Telangana, expansion of the Medical Devices Park at Sultanpur has not progressed. Officials are still identifying land even as the existing facility remains nearly fully occupied.

Hyderabad’s IT corridor is set to see smoother traffic flow with the widening of three key stretches in Madhapur, covering 1.2 km. The project, taken up by TGIIC at a cost of Rs 9 crore, aims to ease congestion for thousands of techies commuting daily from Kondapur, Hitec City, Gachibowli, and Kukatpally.

Telangana DGP B. Shivadhar Reddy reviewed security and logistical arrangements for the upcoming Global Summit at Future City, Kandukur. Accompanied by senior officials, he inspected the venue and emphasised flawless coordination. To manage traffic, 1,000 personnel will be deployed with diversions planned to ease congestion.

The Congress government in Telangana is facing criticism over its Hyderabad Industrial Lands Transformation Policy (HILTP), which allows conversion of industrial lands within the Outer Ring Road. Industries Minister D. Sridhar Babu defended the policy, citing demand for land and examples from other States.