The Bharat Rashtra Samithi (BRS) has accused the Congress government of setting the stage for "India’s biggest ever land loot" in Telangana under the leadership of Chief Minister A Revanth Reddy.
The serious allegation was made at a news conference addressed by party working president KT Rama Rao at Telangana Bhavan on Friday. He accused the administration of orchestrating a ₹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, alongside his inner circle of friends, family members, loyalists, in-laws, and brokers.
He vowed that the BRS would not relent and warned potential buyers of such land to expect consequences. He contrasted this with the BRS's decade-long tenure, during which he claimed concessional lands were allotted to industries transparently to attract private investment without favouritism or conversions.
He accused the Revanth Reddy government, which has been 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 just 45 days.
Lands were provided by successive governments over the past 50 to 60 years at concessional rates for industries to invite and encourage private investments. Because of such incentives, he noted, numerous companies approached Telangana over the past decade, leading to robust industrial expansion without corruption.
The BRS, he asserted, "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, he argued, would ensure the conversion of public assets that served the goals of industrial development for real estate purposes.
He highlighted a substantial disparity in conversion fees: "The Congress Government is out to allow regularization by paying just 30 per cent of the government registration value." He pointed out that the previous BRS government proposed paying a minimum of 100 per cent to a maximum of 200 per cent of the SRO (Stamp and Registration Office) rates if any such conversion were to be considered.
He alleged that such conversions were being entertained by the Congress government in view of the huge potential for the levy of "RR tax (Revanth and Rahul Tax)." Revanth Reddy, he claimed, would be targeting up to ₹40,000 crore to ₹50,000 crore for himself under the conversion policy that is currently under active consideration.
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