Unity Mall math needs sunlight
BRS flags the Raidurg PPP: land, loans, 18,000 sq ft sweetener — and a Congress government that won’t show its homework.
The proposed Unity Mall PPP’s financial and tender records remain under scrutiny.
K. T. Rama Rao has asked for the brakes on the Union-funded “Unity Mall Twin Towers” at Raidurg and the lights on. In a letter he says he sent to Union Finance Minister Nirmala Sitharaman, the BRS working president alleges the Congress government in Telangana tilted the PPP tender in favour of a private developer, and wants the award cancelled and probed. “Public assets of Telangana cannot be used for private bargaining, and public money cannot become the foundation for private enrichment,” he is quoted as saying.
What is on the record: Telangana State Trade Promotion Corporation (under Industries and Commerce) issued a joint-development PPP tender titled “Development of Unity Mall Twin Towers” at Raidurg, with bid dates running from February into April 2026, and an EMD of roughly Rs 20.6 crore. A tender listing records Aparna Infrahousing as the successful bidder and notes an accepted offer figure of Rs 18,000 on July 25, 2026 — a number that means nothing without the bid formula and the JDA. The project cost cited in reports is about Rs 2,059.81 crore (excluding land), with roughly Rs 202 crore in Central assistance separately noted.
What BRS alleges and wants tested: that the state’s minimum share was around 9 lakh sq ft versus 18 lakh sq ft for the developer; that the selected consortium sweetened the state’s take by 18,000 sq ft; that an interest‑free Rs 200 crore SASCI loan would be routed via the state corporation; and that pre‑development spends could be netted off. KTR has asked for the DPR, financial model, land valuation, tender documents and bid‑evaluation records to be published, and for audit, vigilance and investigative scrutiny — including by the CAG where applicable — before any more Union money moves.
Two things can be true at once: a PPP can legitimately trade built‑up rights for investment, and a Congress government that wants trust can publish the math — now. Telangana land and Union funds are not a private annex; the Congress government in Telangana has not bothered to answer with documents. The next move is theirs, on paper, not at a podium.