HYDERABAD: As legal issues have arisen over Kokapet land sale, the state government has decided to go slow on land auctions. It is reliably learnt that the government may postpone the second phase of auctions to the year-end.
The auctioning of 49 acres of land in Kokapet and Khanamet had fetched a record Rs 2,000 crore for the government. Overwhelmed by the response, the government had planned the second phase of auctions in August-end or September in HMDA jurisdiction and even told senior officials to get ready to conduct them. But, the series of legal wrangles on Kokapet land auction forced the government to apply brakes, sources revealed.
Sources said the high court’s warning of opening an escrow account to keep the Kokapet auction money has also made it tough for the government to go ahead with auctions.
A senior official said: “The government’s target is to mobilise about Rs 20,000 crore through sale of unutilised government land in the current financial year. This money is needed to implement various welfare schemes such as loan waiver and Dalit Bandhu.”
He further said: “Going by the current situation, the government may not even reach half of its target.”
Some officials also cast doubts on the response from bidders to the auctions, especially in HMDA limits, due to frequent legal issues. Some officials said they were motivated and meant to create hurdles to the government. “The government will continue to prepare the ground for auctions in the identified land parcels. The auctions will be conducted at an appropriate time,” a senior HMDA official said.
Officials said the HMDA was planning to complete auctioning of leftover plots in Uppal Bhagat layout near Nagole metro station and a stretch of land near Miyapur. The HMDA owns 105 acres of land in Miyapur. Of this, 55 acres was earlier allotted for development of an integrated bus terminal, the plan of which, however, did not materialise.
In another survey number, the HMDA has 270 acres, a part of which is caught in legal issues. The government was also planning to auction land in survey numbers 20 and 28 in Miyapur.
Apart from this, about 1,500 acres of land was identified in erstwhile Rangareddy district for auctioning. These land parcels are located in Jawaharnagar, Budwel, Raviryal, Kongara Khurd, Thummaloor and Maheshwaram.
Amidst confusion over the auctions, the Telangana State Industrial Infrastructure Corporation (TSIIC) has been tasked to identify big land parcels suitable for mega projects and Special Economic Zones.