BRS raises concerns over ‘mortgaging’ land to raise ₹10,000 crore by Government

The Bharat Rashtra Samithi (BRS) spokesperson, Manne Krishank, expressed concerns over the state government's alleged practice of using government land as collateral to raise ₹10,000 crore. Krishank alleged that 817 acres of valuable government land were mortgaged as security. He called for transparency on the land transaction, valuation, and agreements involved in the pledged land.

Krishank specifically requested details about the land parcels in areas like Hitech City, Miyapur, Shankarpally, Patancheru, Hayathnagar, and Jawaharnagar. He questioned the valuation of land in these high-value areas at around ₹15 crore per acre and asked for the valuation reports, explaining the determination of these figures.

Krishank also pointed out an increase in HMDA-related bank balances from approximately ₹275 crore in March 2026 to around ₹10,000 crore in June 2026. He demanded clarification on the source of these funds and publication of the related agreements and valuation reports. Krishank specifically highlighted the case of Survey No. 12/P in Jawaharnagar, where about 50 acres of land were reportedly assigned to Genpact in 2008 at ₹25 lakh per acre.

He sought information about the process of identifying and pledging the 817 acres of land, including the agencies involved, government approvals, and the purpose of raising the ₹10,000 crore through the HMDA program.