Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

Real estate, contracts, finance companies

In 1980 and 90’s, the investors from Andhra Pradesh settled in Telangana and Hyderabad and earned crores of rupees in real estate business. And secured government contracts and set up several construction companies.

  • N.T.R have indirectly assisted the group of people in liberalization of alcohol sales, allowing private investment in education and for setting up corporate hospitals.
  • With this the contracts, the land mafia and the entire film industry went into the hands of Andhra investors. As the media gave enough publicity, the investment class of Andhra region has grown day by day.

Some Real Estate companies of Andhra Region:

  •  Narne Real estate – Colonel Ranga Rao (Kurnool)
  •  Punyabhoomi Real estate – Ram Murthy Naidu
  •  Green city township – Srinivasa Rao
  •  Jayabheri Real estates – Murali Mohan  Lahari estates – Krishna Reddy
  •  G.P.R – Ghanta Punna Rao

Problems arise due to Real estate:

  • The Andhra colonists for the construction on the lands they occupied, have leased lands in the vicinity of Hyderabad and excavated the soil to a depth of 10 feet to 20 feet and made bricks with it. They benefited from this industry also.
  • Due to digging of soil till depth, the lands in Narsapur, Sangareddy, Medchal, Bhuvanagiri, Ghatkesar, Serilingampally and surrounding areas were turned into barren lands.
  • Similarly, the sand required for these constructions was illegally moved to Hyderabad from the ditches present in the districts surrounding Hyderabad such as Mahbubnagar, Medak and Nalgonda.
  • The ditches and ponds were dried up due to excessive digging of soil. The local people were left without drinking and irrigation water and the agricultural sector also fell into crisis.
  • The people of Telangana, who suffered drought due to lack of water, have sold their cattle to slaughter houses. They sold their land to real estate traders at low prices for their needs.
  • Similarly, the Manjeera project and the Singur project, which were useful for Medak farmers, were diverted to Hyderabad to provide drinking water to Andhra migrants.
  • Due to this, Medak district farmers were left without water for agriculture and they committed suicides. The real estate traders occupied the tanks lands and dried up the tanks without water. As a result, the tanks in the city of Hyderabad were destroyed and left as Musi canal from river stage.
  • Hundreds of tanks and gardens around the Hyderabad city disappeared due to the greed of realtors.
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