Hyderabad: BRS spokesperson Manne Krishank on Friday demanded that Chief Minister A. Revanth Reddy disclose details of the reported 817 acres pledged to raise around Rs.10,000 crore. He alleged that the government had not ensured transparency in transactions involving Telangana’s public assets.
At a press conference at Telangana Bhavan, Krishank sought valuation reports, official approvals and agreements for land parcels in Hitech City, Miyapur, Shankarpally, Patancheru, Hayathnagar and Jawaharnagar. He urged the government to release these records and explain the terms of the reported transactions.
He also questioned the reported valuation of some parcels at around Rs.15 crore per acre. According to documents he cited, the land’s combined market value stood at approximately Rs.12,818.63 crore. In addition, Krishank sought an explanation for the reported rise in HMDA-related bank balances from Rs.275 crore on March 31, 2026, to around Rs.10,000 crore by June 30, 2026.
817 acres pledged raises questions over Jawaharnagar land
Turning to Jawaharnagar, Krishank questioned the status of 50 acres in Survey No.12/P. He alleged that KLSR Infratech was using or accessing land allotted to Genpact in 2008. Therefore, he sought clarification on the company’s rights, the permissions granted and compliance with the original allotment conditions.
Krishank also raised questions about Medicover, MindVault and MaxBien Pharma. These included alleged business connections and possible conflicts of interest involving the Chief Minister’s family. He presented these concerns as issues requiring answers from the government.
Referring to the earlier Kancha Gachibowli land controversy, Krishank said authorities should support decisions involving public land with proper valuations, transparent procedures and public disclosure. Accordingly, he demanded the release of documents relating to the reported transactions.
He further called on the government to explain how it planned to use the funds raised. He also urged it to consider an independent inquiry into the transactions. Krishank maintained that Telangana’s public assets belonged to its people and said the BRS would continue to demand accountability.