Hyderabad: BRS spokesperson Manne Krishank alleged lack of transparency in the valuation of public assets and demanded that the Congress govt explain the reported use of 817 acres of valuable govt land as security to raise approximately ₹10,000 crore. He asked the govt to disclose the process followed to identify and pledge the land, along with the details of the agreements and govt approvals involved. He also questioned which agency had valued the land, why the valuation reports had not been made public, and how the HMDA intended to utilise the funds.
Krishank questioned whether it was reasonable to value land in some of Hyderabad’s most valuable areas at approximately ₹15 crore per acre. Citing documents available to him, he said the parcels had been assigned an aggregate market value of approximately ₹12,818 crore.
He said the public deserved clarity on govt decisions involving land in areas including Hitec City, Miyapur, Shankarpally, Patancheru, Hayathnagar and Jawaharnagar. Chief Minister Revanth Reddy has a responsibility to answer these questions,” Krishank said. “Why should Telangana’s public assets be pledged without the people being informed? What is the value of the land, how much has been raised against it, and how will the funds be used?
Addressing the media at Telangana Bhavan on Friday, Krishank called on the govt to disclose details of the transactions, the land valuation and the agreements under which the land was reportedly pledged.