Telangana Govt to monetise Miyapur lands worth ₹50,000 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Telangana Chief Minister A Revanth Reddy said the government will monetise Miyapur lands worth ₹50,000 crore after a Supreme Court verdict confirmed state ownership.
- ✓Reddy said, “We will discuss the matter in the Cabinet and decide on the sale.” The funds will support development in irrigation, education, and healthcare sectors.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
, Oct 30:
Telangana Chief Minister A Revanth Reddy on Friday welcomed the Supreme Court’s verdict affirming the State Government’s ownership of Miyapur lands valued at ₹50,000 crore.
The Chief Minister thanked the Supreme Court for the verdict and alleged that former Chief Minister K Chandrashekar Rao (KCR), his relative Damodar Rao and Goldstone Prasad had attempted to grab the valuable Miyapur lands.
He alleged that KCR, his family members and BRS leaders had attempted to encroach upon valuable government lands in Hyderabad and other parts of Telangana.
The Chief Minister said the State Government had put forward strong arguments before the court to protect the lands. Following the favourable verdict, he had directed officials to take appropriate measures to safeguard the property.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.