In a fresh bid to fill its cash reserves, the government has proposed to restart sale for more than 2,200 acres of unused land worth Rs. 20,000 crores. The lands had earlier been assigned to various government departments. Now, this land would be handed over to the Telangana State Industrial Infrastructure Corporation (TSIIC) to pave the way for subsequent auctions.

Telangana Govt Plans to Sell Lands

Officials said although the government has begun to find specific land for sale in February but the process could not continue due to the COVID 19 pandemic. The revenue department had identified the assigned land provided to farmers a few months ago in prime areas, especially in Rangareddy and Medchal and offered to sell the land at market rate. The allocated land was given to farmers several decades ago for cultivation purposes, and they cannot enjoy ownership rights. The government is now planning to take over the land by paying compensation to the farmers and sell it later.

List of Government Identified Land 

• 77 acres in the villages of Khanamet and Budvel in Rajendranagar
• 600 acres in Kokapet
• 1,450 acres vacant land in Kongara Khurd, Thummaloor, Raviryal (near Shamshabad airport) villages in Maheshwaram mandal, Madhapur in Kandukur mandal and Rayannaguda in Shamshabad mandal. 
• 2,080 acres of allocated land to Deccan Infrastructure and Land Holdings Limited (DILHL) in areas include Qutbullapur, Hayatnagar, Moinabad, Koheda, Shamshabad, Ghatkesar, Ibrahimpatnam, Keesara, Medchal, and Saroornagar. 

The state government has already intimated that it would get rid of unutilised and non-performing assets by selling them and use the amount for projects development and implement schemes. 

With government plans to auction vacant lands in Telangana are expected to generate required cash flow to the distressed economy and boost the real estate sector in Hyderabad.

By: Shailaja K