Industrial Land Transformation Policy comes under fire as Opposition sees scope for irregularities

The Hindu
The Hindu
2M ago
The Hyderabad Industrial Land Transformation Policy is contentious, with stark price differences prompting allegations of irregularities. The ongoing debate highlights the tension between development goals and political accountability.
Industrial Land Transformation Policy comes under fire as Opposition sees scope for irregularities

Key insights

  • 1

    Significant Price Discrepancies: TGIIC prices are much higher than SRO valuations, raising concerns.

  • 2

    Political Accusations: Opposition claims the policy is a scheme for land exploitation.

  • 3

    Revenue Generation Debate: Government defends policy as a means to boost state revenue.

A What happened
The Hyderabad Industrial Land Transformation Policy (HILTP) is under scrutiny as opposition parties question its implementation. The policy seeks to convert approximately 9,292 acres of underutilized industrial land into various zones, including residential and commercial. However, the pricing discrepancies between the Telangana Industrial Infrastructure Corporation (TGIIC) and the sub-registrar office (SRO) have raised alarms. For example, in Nacharam, the TGIIC price is ₹32,881 per sq. yd, while the SRO value is only ₹21,000. Similar patterns are observed in Balanagar and Gandhinagar, where TGIIC prices are significantly higher than SRO valuations. Critics argue that the government's decision to adopt SRO values for conversion could lead to land exploitation. The ruling party defends the policy, stating it aims to generate revenue for the state, while opposition leaders accuse it of facilitating land looting and consolidating political power.

Topics

Business & Markets Real Estate Economy

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