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Articles: TP Features | Land Matters
- Mr. Sreenivas YL
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In fact, both the chief minister Shri Y.S.Rajasekhar Reddy, and the Revenue Minister Sri Dharmana Prasada Rao have been on record stating that the government policy is to sell the land to generate revenue.
What is the impact of such a policy on the people? The Hyderabad-Cyber bad experience reveals the pernicious implications of practicing such a policy .Prices of the land have gone up in an unprecedented manner in and around Hyderabad. When the prices are going beyond the control, everyone expects the government to intervene critically into the market to regulate prices, for regulating prices or curbing unwarranted escalation of price is the constitutional responsibility of the government. But what has happened in Andhra Pradesh is something different. It is apt here to consider situation in share-market. RBI and SEBI regulate the share-market to prevent abnormal growth. Share-Market is not left to the will of the brokers but the government closely monitors its growth and fall. The government of Andhra Pradesh doesn’t think of its constitutional responsibility of protecting the land or its obligation of critical intervention into the market to regulate the price but allows the land price to increase rapidly and when the prices reach its crescendo it puts its own land on sale. No one has ever heard of government auctioning acres and acres of people’s land. What further surprised everyone was the way the government auctioned its land. The minimum price fixed per acre was 4.5 crores but went up to 14.5 corers in the auction. The government paid only 11 lakhs per each acre to the land that it acquired from farmers during the same time and in the same area. What would people think about a government which pays 11 lakhs per acre, and offers the same land for sale to the landlords for 14.5 crores? This is sheer conversion of the government into a real-estate agency.
What is the fall-out of this on the people? The prices of land have gone up from 5 thousand to 30 thousand per square yard and prices of the flats have gone up to a minimum of 2,500 even in the remote areas. In the posh areas of Jubilee hills it is more than 3 thousand and touches even 5,000 which means that a Class I officer working in the government of Andhra Pradesh with a net salary of 25,000 rupees per month cannot think of buying a flat or plot in Hyderabad. Middle level employees and the poorer sections cannot think of a house. If this trend continues during next two years there would be clear cleavage between the few who can afford a flat of a plot and scores of those who cannot afford. Unless the employees resort to corruption there is no way that they can have a plot or flat in Hyderabad.
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