Hyderabad Disaster Management and Asset Protection Agency (HYDRAA) on Friday, November 21, reclaimed nearly 4 acres of land meant for public utilities in Kondapur.
The Sri Venkateswara HAL Colony was developed over 57.20 acres, comprising 627 plots. The layout had also accommodated 1.20 acres each for two parks, 2 acres for another park and 1,000 square yards for public-utility spaces.
Presently, the land prices in the area are reaching Rs 200 crore per acre placing the value of the reclaimed land at around Rs 700
crore.
However, according to the Telangana CMO, these open spaces had been under encroachment for years after they were illegally converted into plots and sold using bye-numbers.
The Sri Venkateswara HAL Residents’ Welfare Association recently approached HYDRAA’s Prajavani,

Etemaad Daily News

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