This is the story of the government’s 42 acres piece of land which falls under the Urban Land Ceiling Act 1975. As per the records, the land was registered under survey numbers 35, 37, 40, 42 to 47, 53 in the Gachibowli village revenue.
It was during the construction of the Hi-tech City in the ’90s, many leaders from the then ruling party eyed this land. Registrations were made under the name of Mahadevi Co-operative Society without even mentioning the extend of land sanctioned to Dalits. The government even dispersed registration documents to many including senior politicians and freedom fighters who have no idea where their allotted lands are till date.
The negligence of the then government resulted in the kabza of 95 acres of the total 137 acres of the same land. However, what remained clear is that the Telangana government in December 2019 stating that it was handing over 42 acres to three companies, including Phoenix Groups.
Between 2013-2020 the land rate increased unpredictably while the construction and sales with a single clearance can bring over Rs 10,000 crore of profit now. No sooner did the ruling party leaders of AP and Telangana managed to join their benamies in the board of directors who now have up to 75 percent stake. If this is believed to be true, the leaders can reap over Rs 10,000 crores profit through the project.
There is doubt that the real beneficiaries would get the land back given a tough fight. But is Telangana government, which is accused of joining hands with private big heads ready to take the right side? Is Gachibowli Phoenix just a tip of hundreds of land dealings under TRS government’s umbrella since it assumed the office? Why are the board of directors changed?
What is this deal cracked between an Andhra Pradesh Minister and Telangana young Minister? Keep following ToliVelugu stories for the dark truth behind government land dealings in Gatchibawli from 1996 to 2021.