Land grab on rise in Andhra Pradesh
land worth Rs 200 crore changed hands in Pedakakani mandal in the last fortnight through fake title deeds and other forged documents
Aug 16, 2014
Source : The Times of India

 

 

Spurt in land value, particularly after the state government's plans to locate the temporary capital between Vijayawada and Guntur, has given rise to increasing cases of land grabbing and disputes with regard to registrations and agreements. Taking a serious note of this, cops have now decided to open rowdy-sheets against those involved in such cases.

While refusal of local landlords to execute the sale deed based on old prices is believed to be the prime reason for disputes, attempts of middlemen to illegally encroach lands of aged landlords by creating fake agreements has taken the police by surprise. Complaints regarding threats by local goons for sale of lands are also pouring in aplenty. Some people residing in Guntur have also complained about encroachment of lands with bogus title deeds.

In fact, newly appointed police superintendents Rajesh Kumar (Guntur urban) and PHD Ramakrishna (Guntur rural) were surprised at the sheer number of land grabbing and fake registration complaints.

According to sources, land worth Rs 200 crore changed hands in Pedakakani mandal in the last fortnight through fake title deeds and other forged documents. Some registration officials are allegedly helping the land mafia to complete registration process illegally in lieu of money. Middlemen and rowdy-sheeters are also making huge money by selling vacant lands of non-residents by creating fake documents.

In fact, Mangalagiri police had unravelled a similar racket involving a local tehsildar who tried to transfer land worth Rs 20 crore to unauthorised persons recently. The tehsildar and two VROs were sent to judicial remand.

"We will not tolerate unlawful activities and land grab. We will open rowdy-sheets against those involved in fake registration and land grabbing," warned newly-appointed police superintendent (Guntur urban) Rajesh Kumar. He has asked cops to be alert, especially in Mangalagiri, Tadikonda, Tadepalli and Pedakakani, where land prices have skyrocketed in the recent past.

Latest Realty News

Donald Trump: 'India's real estate market will pick up'
Aug 16, 2014
In the world of luxury property there are few more famous faces than Donald Trump - the multi-billionaire who built his fortune through New York real estate.
India real estate funds look to raise $1 bn from overseas
Jul 29, 2014
Indian real estate-focused private equity (PE) funds are hoping to raise around $1 billion from overseas investors, two people familiar with the matter said. Last year, realty funds managed to mop up close to $370 million from international markets, data from VCCEdge shows. Among the key realty funds that are in the market for money include Red Fort Capital, ASK Group, HDFC Property Fund and JP Morgan, these people said.
Realty, infra gain as RBI signals cheaper loans to priority sector
Jul 16, 2014
Shares of real estate and infrastructure companies are trading higher by up to 6% after the Reserve Bank of India (RBI) said banks would not have to maintain cash reserve ratio (CRR) or statutory liquidity ratio (SLR) and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to these sectors.
CREDAI expects 'Acche Din' for Real Estate Sector with the budget
Jul 11, 2014
Hyderabad: The real estate industry which has been looking forward for rapid development and growth in the real estate sector and infrastructure space since the NDA government has taken over at the centre, gets a place of importance in this budget.
Reliance Infrastructure hopes Telangana government to give to its Rs 7,000 crore project
Jul 09, 2014
HYDERABAD: A Telangana government entity has approved a restructuring plan by consultancy firm EY for a project that includes a 100-storey trade tower in Hyderabad. Reliance Infrastructure, the company which was to implement the Rs7,000-crore project, is hoping that the government will give the plan its go-ahead to the stalled venture.
Construction industry in Telangana, Andhra to stop cement purchase
Jul 07, 2014
HYDERABAD: Real estate developers and builders in both Telangana and Andhra Pradesh have decided to stop purchase of cement from July 5 to 12 if cement companies fail to roll back the steep hike in prices.
Housing Prices Can Fall on Transparency, Timely Approvals: HDFC
Jun 20, 2014
Calling for major reforms in housing sector, HDFC chairman Deepak Parekh has said transparency and timely approvals from different authorities can reduce home prices by almost 20 per cent.
Brahma Management to invest Rs 3,000 crore in Indian real estate sector
Jun 20, 2014
Nine years after it was formed, New York-based Brahma Management has lined up big investments for the Indian real estate market . Brahma, an FDI-funded investment and asset management company, has already invested around Rs 2,500 crore in the sector and has plans to put in another Rs 3,000 crore over the next two years.
Mahindra Lifespaces ventures into affordable housing segment
Jun 20, 2014
Mahindra Lifespaces Developers, the real estate arm of the Mahindra group, on Monday launched its new business vertical 'Happinest' that will focus on developing affordable housing projects.
Hyderabad: Churning the wheels of growth
Jun 14, 2014
HYDERABAD: A few days ago when Hyderabad city had a black out for few hours, the segment which suffered the most were the manufacturing units, which are totally dependent on power supply. Land, power and water are the three vital factors for an industrial area. Due to its huge tracks of land and scope of expansion, Hyderabad is one of the suitable options for setting up manufacturing business. However, from past few years the heavy industries are seen settling down more in Maharashtra, Chennai o

Latest Realty News Of State

Realty Talk's