Telangana, SBI Settle for Alternative Land
The dispute dates back to August 6, 2010, when the then Andhra Pradesh government allotted five acres in Survey No.83/1 at Raidurg to the erstwhile State Bank of Hyderabad (SBH) at a concessional price of ₹13.30 crore for an office complex.
Hyderabad: The long‑running dispute between the Telangana government and the State Bank of India (SBI) over prime Raidurg land has moved towards settlement, with both sides agreeing in principle to resolve the issue through allotment of an alternative parcel.
The breakthrough came at a meeting in the Secretariat on Saturday chaired by chief secretary K. Ramakrishna Rao, attended by finance principal secretary Sandeep Kumar Sultania, TGIIC vice‑chairman and MD K. Shashanka, and senior SBI officials including deputy MD G.S. Rana, CGM Neelesh Dwivedi and AGM G. Poovazhagi. SBI is expected to withdraw its petition in the High Court against the Raidurg auction soon.
The discussions followed a June 22 meeting where the government proposed alternative sites. SBI representatives inspected them on June 23 and conveyed acceptance. The bank said it would act after Board approval and take necessary steps in line with court proceedings. Both sides agreed to conclude the matter expeditiously after statutory formalities.
The dispute dates back to August 6, 2010, when the then Andhra Pradesh government allotted five acres in Survey No.83/1 at Raidurg to the erstwhile State Bank of Hyderabad (SBH) at a concessional price of ₹13.30 crore for an office complex. Possession was handed over in January 2011, but construction never commenced. APIIC issued notices from 2012 onwards and later proposed cancellation.
TSIIC finally cancelled the allotment on January 22, 2021, and resumed possession on February 1. After SBH merged with SBI, the bank challenged the cancellation in the High Court. During litigation, the government offered alternative land at Osmannagar and Gandipet, while the court directed reconsideration of SBI’s representations.
The issue resurfaced this year after TSIIC issued an e‑auction notification for the Raidurg land in May. SBI opposed the auction, but the High Court adjourned the case on June 22. The government reiterated that the bank had failed to utilise the land despite repeated opportunities and maintained its offer of an alternative site.
