Azamabad land: ₹500 crore claim, ₹87 crore price
BRS leader T. Harish Rao has asked Chief Minister A. Revanth Reddy to stop an alleged transfer involving Telangana Oilfed land. The transaction itself is not independently established in the records reviewed.
The documents needed to settle the valuation dispute have not been made public.
BRS leader T. Harish Rao has alleged that a proposed transfer of Telangana Oilfed land in Hyderabad’s Azamabad Industrial Area values the property at ₹87.44 crore, even though he says its open-market value is about ₹500 crore. In an open letter to Chief Minister A. Revanth Reddy, Rao asked the government to stop the proposal. The claim was reported on August 30, 2026. [Source: NTV Telugu]
The land is near RTC Cross Roads. Reports give the newer parcel size as 15,984 square yards, while an earlier legal history concerns 17,261 square yards. The Telangana High Court’s April 3, 2024 judgment records that plots measuring 2.366 acres were leased for industrial use and that the lease terms allowed resumption for violations. It does not establish the alleged ₹500-crore valuation, ₹87.44-crore transfer, payment, or current recipient. [Source: Telangana High Court judgment]
A December 2022 High Court order directed the government to consider a representation, while expressly deciding no entitlement. The government has not publicly answered the allegations in the material reviewed. The documents that would settle the matter—valuation, payment and transfer records—remain absent. For now, the headline numbers have a politician behind them, but no public file behind the price.