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HomeNewsReal EstateTelangana eyes Rs 13,000 crore in land sale

Telangana eyes Rs 13,000 crore in land sale

It had also put Rajiv Swagruha flats for auction in Bandlaguda and Pocharam areas. In the current financial year (2022-2023), however, it could mop up revenue of just 6,900 crore against its set target of 10,000 crore.

To fund various welfare schemes and projects, the Telangana government has decided to mobilise about 13,000 crore by selling land and also regularise encroached government land parcels in the next few months.

The government has been auctioning unutilised government land for the past one year not only in Greater Hyderabad, but also in various districts. It had also put Rajiv Swagruha flats for auction in Bandlaguda and Pocharam areas. In the current financial year (2022-2023), however, it could mop up revenue of just 6,900 crore against its set target of 10,000 crore.

Chief secretary Santha Kumari is working on increasing non-tax revenue, which generally comes from auctioning land parcels and other resources, and also held a meeting with officials.

A cabinet sub-committee recently held a meeting with district collectors, revenue, finance, stamps and registration department officials in HMDA limits and discussed about non-tax revenue mobilisation. Tax revenue comes from GST collection, property registration and excise duty, etc. Till January, the government had collected about 92,000 crore.

Official sources said the district collectors have already identified land parcels, which could be auctioned especially in the surrounding areas of the city.

The auctioning process would be continued this year too. The sub-committee reportedly discussed about revenue that could be generated by way of regularising encroached government land under GO 59 and also layout regularisation scheme (LRS).

“The officials are serving notices on applicants of GO 59, whose encroached land are regularised on payment of market value. Nearly 14,000 applications are pending with the government. But some applicants are crying foul as the government is planning to collect the amount on present market values, which should be actually on the rates prevailing in 2014,” sources in the state government said.

The officials said the state government is keen on revenue mobilisation as this is the election year and continue to implement welfare schemes such as Rythu Bandhu, Rythu Bima and other schemes. The government had enhanced budget for the schemes apart from allocating about 12,000 crore for 2-BHK and other schemes.

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