Telangana govt plans to sell 2,200 acre land parcels
These land parcels would be handed over to TSIIC to pave the way for auctions
The government of Telangana has decided to resume sale of over 2,200 acre of unutilised land worth Rs 20,000 crore. The land parcels had earlier been allotted to various government institutions.
These land parcels would be handed over to the Telangana State Industrial Infrastructure Corporation (TSIIC) to pave the way for auctions soon.
The government has started identifying land suitable for sale from February itself this year, but it could not go ahead with the exercise due to the Coronavirus pandemic in the last three months.
The revenue administration has identified 2,080 acre allotted to Deccan Infrastructure and Land (DILHL) in various areas like Qutbullapur, Hayatnagar, Moinabad, Koheda, Shamshabad, Ghatkesar, Ibrahimpatnam, Keesara, Medchal and Saroornagar.
Of the total land, only four acre was utilised and the rest of the land is still vacant. Apart from this, 77 acre in Khanamet and Budvel villages in Rajendranagar will be transferred to TSIIC from HMDA and Vdotc, a gated community.
The government has already indicated that it will get rid of unutilised and non-performing assets by selling them and use the amount for projects and implement schemes.
The revenue department had identified assigned land given to farmers in prime areas, especially Rangareddy and Medchal a few months ago and auction the land at market rate. The assigned land was given to farmers several decades ago for cultivation purpose but they could not enjoy ownership rights. The government is now planning to take over the land by paying compensation to the farmers and sell it later.
The Rangareddy administration has identified 1,450 acre in Kongara Khurd, Thummaloor, Raviryal (near Shamshabad airport) villages in Maheshwaram mandal, Madhapur in Kandukur mandal and Rayannaguda in Shamshabad mandal. The land is worth about Rs 3,580 crore. HMDA is also planning to auction 600 acre in Kokapet.