The Revanth Reddy government came under fire from the opposition BRS, for resorting to risky measures by mortgaging prime lands to raise funds for fulfilling electoral promises. The party leadership further expressed concerns about the appointment of a merchant banker as an intermediary, reportedly receiving a commission of Rs 100 crore.
According to media reports, the State government is planning to mortgage 400 acres of government land, worth Rs 20,000 crore, to private finance companies to secure a loan of Rs 10,000 crore. This land, belonging to the Telangana State Industrial Infrastructure Corporation (TSIIC), is primarily located in the economically significant areas of Kokapet and Raidurg.