The governments plans to mobilise Rs 10,000 crore to Rs 15,000 crore by selling governmentlandappears to have gone awry for the second consecutive year. Though the government has identified some land parcels in the city and surrounding Rangareddy district to raise Money by auctioning the land, it could not go ahead thanks to the first wave of Covid-19 and now the second wave.
Senior officials are worried as the third wave of pandemic is likely to hit sometime in the third quarter of the year and land auctions may not be held this year too. Land auction was last conducted in December 2019 by the Hyderabad Metropolitan Development Authority (HMDA), the Telangana State Industrial Infrastructure Corporation (TSIIC) was held in May 2017.
The Telangana government is badly requiring funds as it had allocated nearly Rs 50,000 crore for various welfare schemes such as Rythu Bandhu, Rythu Bima, Pensions, Agriculture-notes-for-state-psc-exams”>Agriculture loan waiver, Kalyana Lakshmi-Shaadi Mubarak and KCR Kits etc in the 2021-2022 financial year.