Hyderabad: 1,800 acres lie unused as TG, AP fight it over in court
3 months, 3 weeks ago

Hyderabad: 1,800 acres lie unused as TG, AP fight it over in court

Deccan Chronicle  

Hyderabad: Over 1,800 acres of land belonging to Deccan Infrastructure and Land Holdings Limited, a company owned by the Telangana Housing Board, have remained unutilised and prone to encroachments as the governments of Telangana and Andhra Pradesh are locked in a legal dispute over its ownership. It was registered under the Companies Act and land belonging to the Housing Board was transferred to it with 56 per cent share for it and the state government gave land for its 44 per cent portion. The land parcels belonging to the state government, it is said, were given in lieu of the Rs 2,416 crore taken from the board to mobilise funds for the Jalayagnam scheme of the Rajasekhar Reddy government. In its common order dated February 20, 2020, it was held that liability to pay full pension and pensionary benefits to all the retired employees rested with the Telangana Housing Board and should be borne by it exclusively as long as it retained exclusive control over 96 per cent of moveable and immoveable assets belonging to the erstwhile APHB and enjoy its income.

History of this topic

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