Now Reading: KTR alleges land grab by CM Revanth Reddy’s brother’s firm
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KTR alleges land grab by CM Revanth Reddy’s brother’s firm
BRS working president KT Rama Rao has accused the Congress government of allotting five acres in Raviryal village to Tesseract Advanced Systems, chaired by Chief Minister Revanth Reddy's brother Anumula Kondal Reddy,…
The Story in Brief
BRS working president KT Rama Rao has accused the Congress government of allotting five acres in Raviryal village to Tesseract Advanced Systems, chaired by Chief Minister Revanth Reddy's brother Anumula Kondal Reddy, at Rs 7 crore. KTR claims the land's true market value is Rs 200 crore, citing the company's annual report showing zero employees and share capital of only Rs 1 lakh as of March 31, 2025.
KTR also questioned how a company without manufacturing license from DPIIT could get subsidised land. Telangana Industries Minister D Sridhar Babu denied irregularities, saying the same land was sold for Rs 90 lakh per acre under the BRS and the current price after inflation would be about Rs 1.5 crore per acre. He called the allegations false and misleading.
The Indian Opinion
Both sides are playing the same old game of selective outrage. The BRS, which oversaw land deals for a decade, suddenly discovers purity. The Congress government says all is legal, but refuses to name the valuation method or produce the DPIIT license of Tesseract. The real test: will the state publish the actual sale deed and the expert valuation report for that Raviryal land? That number will cut through the noise.
Source: thenewsminute.com
This story was synthesised by AI from the source linked above.
