KTR Criticizes Govt Plan To Mortgage Land

Hyderabad, July 10 (Maxim News): BRS Working President KTR has strongly criticized the state government’s decision to mortgage government lands. Through a statement on X, he condemned the Congress government’s actions, stating that the BRS is firmly against such pledging of lands. KTR described the move to mortgage 400 acres of land as ill-advised.

Click Here To Join Us On WhatsApp

He targeted Chief Minister Revanth Sarkar, accusing him of mismanaging the state’s financial sector and opting for a dangerous way to raise funds. According to KTR, there is information that 400 acres of government land, worth 20,000 crores and belonging to the Telangana Industries Department, are being mortgaged to private finance companies, with an expected collection of 10,000 crores.

Media reports indicate that a merchant banker has been appointed as an intermediary to mortgage the lands to private finance companies, with a commission of 100 crores being promised. KTR warned that this reckless action would permanently cripple Telangana’s progress, hindering new investments, industries, and job creation, and jeopardizing the education of future generations.

Click Here To Join Us On WhatsApp

KTR specifically criticized the decision to mortgage land in key industrial areas like Kokapet and Rayadurgam, calling it an ill-advised move. He noted that the state’s industrial sector has been stagnant for the past seven months, with no new investments since the Congress government took power.

He further alleged that even existing companies are not receiving proper support, as the Congress party prioritizes political purposes over industrial development. KTR questioned the future of companies looking to invest in the state and how the youth will secure new jobs without such investments (Maxim News).


Next Story :

  • Uttam Kumar Reddy Meets NDSA Chairman And Experts In New Delhi

    Uttam Kumar Reddy Meets NDSA Chairman And Experts In New Delhi

    New Delhi: Irrigation Minister Uttam Kumar Reddy, Advisor Aditya Nath Das, IAS officers Shri Rahul Bojja and Shri Prashant Patil, Engineer-in-Chief Nagender Rao, and Kaleshwaram Chief Engineer Sudhakar Reddy met with National Dam Safety Authority Chairman Shri Anil Jain and other experts at the NDSA office to discuss the progress of measures for the Medigadda,…


  • Incessant Rain In Hyderabad

    Incessant Rain In Hyderabad

    Hyderabad, July 20 (Maxim News): it is raining continuously in Hyderabad.  It has been raining across the city since Saturday morning in Banjara Hills, Jubilee Hills, Kondapur, Ameerpet, Panjagutta, Khairatabad, Nampally, Koti, Malakpet,  Dilsukhnagar, LB Nagar, Vanasthalipuram, Hayathnagar, Uppal, Secunderabad, Kukatpally, SR nagar, ECIL, Tarnaka. Due to this, the roads got waterlogged, low low-lying areas…


  • Commissioner Amrapali Who Inspected The Bonala Festival Arrangements

    Commissioner Amrapali Who Inspected The Bonala Festival Arrangements

    On Sunday, Hyderabad, July 20: On the occasion of Secunderabad Ujjain Mahankali Bonala, GHMC Commissioner Amrapali Kata inspected the arrangements. Routes related to Ujjain Mahankali temple and other temples were examined.


  • CS Directed Officials To Give Full Replies On Questions Raised By Members In Assembly

    CS Directed Officials To Give Full Replies On Questions Raised By Members In Assembly

    Hyderabad, July 20 (Maxim News): Chief Secretary Santhi Kumari conducted a meeting with senior officials in connection with the budget session which is to begin on July 23.


Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe.  Click to follow Indtoday’s Facebook pageTwitter and Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.