Did Jagan Govt Mortgage 480 acres of land  in Amaravati? The Story behind it

The YSRCP government has mortgaged 480 acres of lands in Amaravati to acquire a fresh loan of Rs. 3,000 crore, said a media report. Sources further claim that AP government mortgaged the land for Capital  Region Development Authority (CRDA) and for the same, the registration of the lands were also done in a surreptitious manner. 

During the weekend, the AP government employees were observing a pen-down protest and from the high level, there was a pressure on registration employees to do the documentation for the mortgage. But, there is still no information on which bank provided this loan facility and what is the purpose of the loan. The mortgaged registration happened at Mandadam registration office and several officials have acknowledged the same.

Here’s how the state government under Y.S. Jaganmohan Reddy clandestinely carried it out: Guntur Collector was summoned to check the availability of land in the capital region. Then, there were enquiries about these lands’ value in the open market. The lands that were mortgaged were marked and a survey was also held discreetly.

Apparently, sources said that the loan amount falls in CRDA’s account but is this a fresh loan or is to relieve the land that is already mortgaged to clear that loan of HUDCO where an MIG Smart township is being planned, is something not known yet. For the construction of the capital, HUDCO had offered Rs. 1,250 crore loan and CRDA had mortgaged the layout at Navaluru near Mangalagiri.

The AP government has restricted the infrastructure works in CRDA and was estimating a loan of Rs. 3,000 crore. The AP government ordered the CRDA to prepare a Detailed Project Report (DPR) and last month on the 9th, the DPR was submitted. The DRP had details of repaying the loan amount from the third year of the mortgage and by the 17th year, the land value could be around Rs 17.74 crore.

But, this latest report from a media house has startled not just the government officials but political parties and even, Amaravati Farmers who seem to be confused and shocked. Whose lands have been mortgaged? Are Farmers’ lands part of this deal for state’s loan? What will happen to the money loaned in the name of these lands and for what purpose will it be used, is something that Jagan and his team is not revealing. 

Looks like there’s a new land scam brewing under the YSRCP government where innocent citizens’ lands are being grabbed and mortgaged for politicians’ hunger for power and more money! 

Tejaswini Pagadala

Communications Consultant: TEJASWINI PAGADALA is an independent communications consultant. She has previously worked with the Andhra Pradesh Chief Minister’s Office as the Communications Officer where she has written English speeches for the CM, managed English media communication from the CMO and handled social media accounts of Andhra Pradesh Chief Minister and the Government.
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