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« Suven Life Sciences To Build New Discovery Site At Nandigama Village On The Outskirts Of Hyderabad | Home | Godrej Properties Eyes Hyderabad, May Sign Deal Soon »

HC To Huda: Maintain Status Quo On Kokapet

Posted by Pradeep Sadanapalli | August 30, 2006 | 347 views

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A division bench of the Andhra Pradesh High Court on Monday directed the State government to maintain status quo on Kokapet lands which the Hyderabad Urban Development Authority (Huda) recently auctioned for Rs 703 crores. The court said the order will not preclude the successful bidders from depositing the bid amount as per the terms of the Huda auction. Our correspondent reports that the Huda, which has collected Rs 430 crores from the bidders, has fixed a September 30 deadline for depositing the remaining amount. “The bidders were supposed to pay the entire amount in three instalments, and two of those instalments are already up. On request from the bidders we have extended the deadline for the final payment from August 24 to September 30,” Huda secretary P. Venkatarama Reddy told this newspaper.The civic body is now preparing to file a counter before September 11.The Huda is of the view that the auction was to mobilise resources for mega infrastructure projects and was in tandem with the earlier observations of the court that the best way of disposing government lands was through open auctions. The High Court bench issued the status quo orders following a writ appeal filed by one K.S.B. Ali. Mr Ali complained that the government had auctioned the lands without having valid titles and ownership. Mr Ali had earlier filed a writ claiming that he was the owner of 1,635 acres in Kokapet including the one auctioned by the Huda. A single judge had dismissed the petition on the ground that a disputed question of fact in regard to the title cannot be decided by the High Court. “Mr Ali has been fighting against the government and private land owners since 1954 and at no stage were his claims entertained by the government,” Mr Venkatarama Reddy told this newspaper.

Sources:
AndhraVision.com

Topics: Govt Failures, Real Estate, Infrastructure |

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