5,000 acres of DILL land cancelled in Hyderabad

The APHB had a stake of 57.44 per cent and the state 42.56 per cent

Hyderabad: The Telangana government on Saturday cancelled the 4,999 acres allotted to the Deccan Infrastructure and Land Holdings Limited (DILL) in four districts surrounding Hyderabad.

The company had failed to utilise the land given to it by the Y.S.R government in Nalgonda, Medak, Ranga Reddy and Mahbubnagar districts.

DILL was floated by the state government as a subsidiary of the AP Housing Board. The APHB had a stake of 57.44 per cent and the state 42.56 per cent. The equity holding of the APHB and government had come by way of transferring their land holdings.

DILL was set up to construct integrated townships, leverage its land holdings to other companies for development of integrated townships in the PPP model, form joint ventures for value addition in the construction sector such as pre-cast technologies, furniture, furnishing and interior decorations and developing urban infrastructure projects.

DILL could not achieve its objectives due to the slowdown in the realty sector after 2008 on account of global factors and political uncertainty over the Telangana issue.

The land, lying unused for years, became soft targets for encroachers. The TS government has decided to take back the land and allot it to industries and units that are being approved under the state’s industrial policy, TS-iPASS.

Revenue officials in these districts had submitted a report to the Chief Commissioner of Land Administration over non-utilisation of land which was referred to the State Land Management Authority. The SLMA recommended that the TS government take back the lands, following which the government issued orders on Saturday to this effect.

( Source : deccan chronicle )
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