Hyderabad: Farmers, who will lose their land due to the proposed Pharma City, are worried over the Rs 12.5 lakh per acre compensation offered by the Telangana government. Vinod Reddy, a farmer from Kurmidda, said that land rates in villages were in the range of Rs 20 to 30 lakh per acre.
“We wanted to buy alternate lands. But everywhere they are asking Rs 20 lakh per acre. The rate offered under the compensation is just over 50 per cent of the market rate,” he said.
Meanwhile, some locals expressed concerns over losing livelihood due to the proposed Pharma City.