Hyderabad: While conditions set by Singapore companies — like mortgaging land to raise loans — has baffled the AP government, legal experts say that the Andhra Pradesh Capital Region Act and agreements with farmers and land owners in the land pooling scheme gives rights to the government to do whatever it wants with its share of land. The supplementary agreement and land pooling agreements give full rights to the state government to mortgage or sell its share. It also has the right to lease or sell land to third parties like the Singapore entities.
The supplementary agreement’s clause 4 states that the CRDA is entitled to sell or lease or license the areas allotted to it, without any further reference to the original land owner or farmer. CRDA is also entitled to avail a project loan by securing the areas allotted to it from banks and financial institutions by depositing the original principal agreement and other documents by way of equitable mortgage by depositing the title deeds and register the same before the concerned sub-registrar by exercising the power of attorney mentioned in clause 17 of the principal agreement.
However, the principal agreement says the location of plots shall be closer to the lands of farmers, which is against the proposals of Singapore companies. “The locations of the ‘reconstituted plot’ will be retained close to its original locations unless a specific planning concern warrants its shift. In such cases CRDA reserves the right to locate the reconstituted plots and evolve a policy duly discussing the same with the owner of the original plot.”
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