BRS spokesperson Manne Krishank has demanded that the Telangana government disclose how 817 acres of public land in and around Hyderabad were valued and reportedly pledged to raise approximately ₹10,000 crore, including the valuation reports, approvals and agreements involved in the transactions.
Addressing the media at Telangana Bhavan on Friday, Krishank alleged that the Congress government had not provided sufficient transparency on the use of public assets as security. He asked the government to identify the agency that valued the land, explain the methodology used and make the valuation reports available to the public.
The parcels under discussion are reported to be located in areas including Hitec City, Miyapur, Shankarpally, Patancheru, Hayathnagar, Jawaharnagar, Izzatnagar and Mokila. Krishank questioned whether land in some of Hyderabad’s high-value areas could reasonably have been valued at approximately ₹15 crore per acre. He said documents available to him placed the aggregate market value of the parcels at around ₹12,818 crore.
According to the claims cited in the report, the land was being used as security to raise funds linked to the Hyderabad Metropolitan Development Authority. Krishank also referred to information indicating that HMDA-related bank balances had increased from approximately ₹275 crore as of 31 March 2026 to around ₹10,000 crore as of 30 June 2026. He sought clarification on the source of the funds and how the authority intended to use them.
The dispute centres on two separate but connected public-interest questions: whether the land was valued through a documented and approved process, and whether the financial arrangements involving the parcels were authorised and disclosed. The supplied report does not include the Telangana government’s response to the allegations or independent confirmation of the reported valuation and bank-balance figures.
Krishank also questioned the reported allotment of about 50 acres in Jawaharlal Nehru Outer Ring Road-area Jawaharnagar at approximately Rs 25 lakh per acre. He alleged that the price was substantially below the prevailing market rate and said no official order for the allotment was available.
He called on Chief Minister A Revanth Reddy and the state government to publish the agreements, valuation reports and approvals connected with the reported fundraising. The documents sought by the BRS spokesperson would determine how the land was assessed, which public authority approved the arrangements and what safeguards were applied to public assets.
