BRS raises concerns over ‘mortgaging’ land to raise ₹10,000 crore by Government

BRS leader Manne Krishank showing documents about HMDA funds in Hyderabad on October 9, 2026. Photo: Special Arrangement

HYDERABAD

Spokesperson of the Bharat Rashtra Samithi (BRS) and former chairman of the Mineral Development Corporation, Manne Krishank, has alleged that the State Government had raised ₹10,000 crore by using (mortgaging) 817 acres of valuable government land as security.

Speaking to newspaper reporters in Hyderabad on Friday (October 10, 2026), he asked the government to disclose details of the land transaction, the valuation of the land and the agreements under which it was reportedly pledged. He said the public deserved clarity about government decisions involving land in areas including Hitec City, Miyapur, Shankarpally, Patancheru, Hayathnagar and Jawaharnagar.