A Hyderabad land valuation controversy has intensified after BRS spokesperson Manne Krishank demanded that the Telangana government disclose how 817 acres of public land were valued and reportedly pledged to raise approximately ₹10,000 crore. He sought the valuation reports, approvals, agreements and details of how the funds would be used by the Hyderabad Metropolitan Development Authority (HMDA).
Addressing the media at Telangana Bhavan on Friday, Krishank alleged that the Congress government had not provided sufficient transparency on transactions involving valuable government land. He asked the government to identify the agency that assessed the parcels, explain the process followed to select and pledge them, and make the related valuation reports public.
The land parcels cited by him are spread across locations including Hitec City, Miyapur, Shankarpally, Patancheru, Hayathnagar, Jawaharnagar, Izzatnagar and Mokila. According to Krishank, documents available to him assign the parcels an aggregate market value of approximately ₹12,818 crore. He questioned whether land in some of Hyderabad’s most valuable areas could reasonably have been valued at about ₹15 crore per acre.
Krishank also referred to information indicating that HMDA-related bank balances increased from approximately ₹275 crore as of March 31, 2026, to around ₹10,000 crore as of June 30, 2026. He demanded that the government clarify the source of the funds and publish the agreements and valuation reports connected with the reported fundraising.
The BRS spokesperson said the public should be told how much money had been raised against the land, what value had been assigned to each parcel and how the proceeds would be spent. The questions place the focus on the administrative chain behind public-asset financing: the agency responsible for valuation, the approvals required for pledging land, the terms of the agreements and the authority overseeing the resulting funds.
Krishank further alleged that about 50 acres in Jawaharlal Nehru Technological University? No. Need avoid. The source says Jawaharlnagar, use exact.
Krishank further questioned the allotment of about 50 acres in Jawaharnagar at a reported price of ₹25 lakh per acre, which he said was substantially below the market rate. He also said no official order for the allotment was available. The report does not include a response from the Telangana government or HMDA to the allegations.
He called on Chief Minister Revanth Reddy to explain the reported transactions and release the relevant records. The next public step sought by the BRS is disclosure of the valuation reports, government approvals, land-pledge agreements and the proposed utilisation of the funds.
