Naidu acting as real estate broker, says Raghuveera
Chandrababu Naidu was acting as a ‘real estate broker’ for the private firms of Singapore and Japan, as alleged
Jan 13, 2015
Source : The Hindu


NIDAMARRU (GUNTUR): Pradesh Congress Committee president N. Raghuveera Reddy on Monday launched a scathing attack on Chief Minister N. Chandrababu Naidu, alleging that the latter was acting as a ‘real estate broker’ for the private firms of Singapore and Japan.

Accusing the government of hell-bent on pooling of the best of farm land at villages in Krishna riverbed for capital region, Mr. Reddy said Mr. Naidu’s actions would spell doom for ecology and food security of the region. “Andhra Pradesh has around 1.6 crore acres of land and I have no doubt that the land in these villages are the most fertile. There are only few thousands of fertile lands left in the State and Mr. Naidu is acting as mercilessly in acquiring those and giving them away to foreign firms,’’ Mr. Reddy said, while addressing farmers at Penumaka and Nidamarru.

Mr. Reddy said that a few thousands of acres were sufficient to build a capital. “The Centre will provide financial support for building capital . What legal sanctity does land pooling has ?,” he asked.

The PCC chief accompanied by senior Congress leaders in Guntur and Krishna visited Undavalli, Penumaka and Nidamarru villages in the proposed capital region. Mr. Reddy also came down heavily on allegations of police atrocities in these villages. Reacting to farmers’ plea that police forces had been preventing them from entering their fields during night, he said that a four-member panel would be formed to respond to people’s plea. He said that the issues relating to livelihood of the farmers would be raised in Parliament too.

Latest Realty News

UP announces reservation for NRIs in housing schemes
Jan 13, 2015
LUCKNOW: The UP government has announced reservation for NRIs in housing schemes and plots ahead of the state's first NRI Divas which will begin on February 20
DDA Housing scheme: 1,500 allottees return flats
Jan 13, 2015
New Delhi: One would like to believe that landing a Delhi Development Authority (DDA) flat is a dream come true for anyone but for 1,500 lucky allottees, that is not the case it seems
Yoga, medical tourism push Mysuru realty prices up
Jan 13, 2015
MYSURU: Guess what's pushing up rentals and property prices in Mysuru? Yoga and medical tourism
For banks, home loan portfolio is losing sheen
Jan 13, 2015
MUMBAI: The retail loan portfolio of banks is seeing a marginal shift away from housing and towards unsecured and consumption-based lending
Residents up in arms over illegal construction
Jan 12, 2015
CHENNAI: Residents of Kalaimagal Nagar in Kolathur are up in arms over illegal construction of a balcony which is encroaching on the public road
Soon, no residences in Bengaluru's industrial zones
Jan 12, 2015
BENGALURU: Industry bodies don't want residential structures to come up on land earmarked for industry
Nine landowners control a fifth of Mumbai's habitable area
Jan 12, 2015
MUMBAI: Who owns Mumbai, a city where land is scarce and where every square foot of space fetches a huge premium?
Foreign investors add Indian online property portals to shopping cart
Jan 12, 2015
NEW DELHI: Indian businessman Navin Bhartia's Internet habits make him a dream customer for billionaire foreign media moguls like Rupert Murdoch
Poor land valuation resulting in black money in Delhi: CIC
Jan 12, 2015
NEW DELHI: Difference in real value of land and circle rates in the national capital is not only facilitating black money inflow in the property market but also causing revenue loss to the exchequer
CBI mulling option of closing probe into Tata-Unitech deal
Jan 12, 2015
NEW DELHI: After re-opening a probe into whether funds from the Rs 1,700 crore Tata Realty-Unitech land deal were diverted for spectrum purchase, the CBI is mulling the option of closing the case again

Latest Realty News Of State

Realty Talk's