Telangana IAS officers go outskirts for investing into real estate deals
Hyderabad: The city’s outskirts seem to be the most preferred areas for investing into real estate deals of IAS officers in the Telangana cadre.
As per the Immoveable Property Returns filed by IAS officers for 2015, several officers purchased agriculture land, plots and flats in Hyderabad and surrounding districts like Ranga Reddy, Medak and Mahbubnagar.
Chief Secretary Rajiv Sharma declared 5 acres in Shamshabad owned by his wife. CMO additional secretary Smitha Sabharwal, Mr Navin Mittal and Mr Burra Venkatesham declared that they did not own any asset.
Most properties appeared to be grossly under-valued going by the market rate prevailing in these areas.
Mr Rajiv Sharma owns a house on a 502-sq. yard plot in Prashasannagar in Jubilee Hills, a 222-sq. yard plot in Medchal and a 600-sq. yard plot in Maheshwaram. The value of the plot in Medchal has been shown as Rs 1,400 per sq. yard. Maheshwaram plot is Rs 1,300 per sq. yard.
The 5.3 acres land owned by his wife Smita Sharma in Shamshabad has been valued at Rs 8 lakh per acre.
Senior IAS officer Ajay Mishra owns properties in nine locations including flats, plots and agriculture lands, according to his submission.
He owns a 500-sq. yard plot in Jubilee Hills; a flat in Dwarka, New Delhi; agriculture dry land on the city outskirts – Shankarpally (5 acres), Kondapur, Medak (8.27 acres), Kandhukur (0.20 guntas), Edula Nagulapally (0.23 guntas), and a 1,000 sq. yard plot in Shamshabad.
Mr Ajay Sharma has also declared a 1,117-sq. yard plot in Medchal, a 2,240-sq. ft flat in Sanskriti Township, Singapore City, RR district, registered in the name of his wife and IAS officer Shalini Mishra.
Ms Shalini Mishra declared a 660-sq. yard plot in Saroornagar, a 497-sq. yard plot in Rajendranagar, a 1,500-sq. ft flat in Mansarovar Heights in Balanagar, two plots of 566 sq. yard and 550 sq. yard in Medchal, a penthouse flat of 2235 sq. ft in APHB Sanskruthi project and 4 acres in Erravelli in Medak, where Chief Minister K. Chandrasekhar Rao has his farm.
Suspended IAS officer Y. Srilakshmi declared a plot of 896 sq. yards in Serilingampally and 37 guntas agriculture land in Shamirpet. Mr Rajeshwar Tiwari owns half-an-acre of agriculture land in Dundigal, and Mr S.P. Singh owns 14 acres in Kothur mandal in Mahbubnagar district.
