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05/02/2012 - HMDA plans Toll Tax on ORR from May
05/02/2012 - CBI Action on IAS officers, impacts Governance. Expect indecision by IAS officers on all matters. Project Approvals to be affected
04/02/2012 - Govt. may relax GO111 regulations in certain areas
30/01/2012 - BP Acharya Arrested by CBI in Emmar - APIIC Scam
28/01/2012 - Building Penalisation Scheme (BPS) may be extended
24/01/2012 - Cisco evaluates Hyderabad for Development Center
24/01/2012 - HMDA to take up Shaikpet to Kokapet ORR Radial Road work soon.
20/01/2012 - Andhra Pradesh seeks a stringent real estate Act
20/01/2012 - Infor Global Solutions eyes $70 mn from Hyerabad centre of excellence (CoE)
19/01/2012 - AP Govt seeks a stringent real estate regulatory Act
15/01/2012 - Kukatpalli to Hi Tec City in 2 Minutes- Rail Over Bridge to be ready by May 2012
12/01/2012 - Yash Birla to set up sports university near Hyderabad
12/01/2012 - KBR Park Prime Property Project by ICICI & NCC may be converted to Luxury Residential Apartments
12/01/2012 - Andhra Pradesh bags Rs.5.57 lakh crore investment projects
01/01/2012 - MGF may get the Boot as EMMAR Pleads to Let it Complete the Project, with 26% APIIC Stake Restored
01/01/2012 - LRS (Plot Regularization) Scheme is BACK! Regularize Your Plots till 30 June 30,2012.
20/12/2011 - GHMC undertakes Demolition of illegal buildings in LB Nagar
20/12/2011 - EMMAR - Govt Duel. EMMAR said to have agreed to restore 26% Stake of Govt in APIIC
19/12/2011 - Lanco Hills News. Apartment registrations under hold as legal battle rages in court.
19/12/2011 - LRS Deadline may be extended. But Eligibility Cut Off Date may remain December 31, 2007.
15/12/2011 - LIG - EWS Reservation in Real Estate Projects. 10% of the built-up area or 25% of its total units to be reserved
15/12/2011 - Mayo Clinic to Fly into Shamshabad? Joint venture planned by GMR, Apollo and Mayo Clinic
11/12/2011 - Hyderabad Real Estate scene looking up with Telangana movement factored!
10/12/2011 - DLF Commercial Project on Road No2 Banjara Hills in trouble. Cheating case against DLF honchos
07/12/2011 - GO111 Impact. Govt Cancels 227 Layouts in Moinabad, Shamshabad, Chevalla, Shankarpalli, Shabad Mandals
04/12/2011 - HMDA Plans Plot Auction in Jawaharnagar and elsehwere
21/11/2011 - Split or No Split? Solving the Hyderabad Puzzle.
21/11/2011 - LRS likely to be back again! Plot Regularization Could Still be Posiible!
17/11/2011 - US Company Siemon relocationg India Center from Delhi to Hyderabad!
06/11/2011 - Boulder Hills Plot Deals. Emaar, Stylish Homes deal a fraud,says CBI
06/11/2011 - Centre Plans to Go with Telangana Regional Council.
06/11/2011 - Hyderabad Real Estate Prices on Upward Move after an Year of Stagnation. Unresolved GO45 issue has potential to raise price by 20% overnight
06/11/2011 - Occupancy Certificate Needed for New Water Connections
05/11/2011 - GHMC Plans Green channel nod for high-rises soon
04/11/2011 - Rape of Kondapur Botanical Garden. HC issues notice to Govt and MOEF
02/11/2011 - 423 Acres Plotted Land Near Ramoji Film City. Wakf Board claims encroachment and issues notices to about 2000 plot owners
01/11/2011 - HMDA Plans Land Auction in Hyderabad to Raise Funds for ORR Works. 60 Leftover Plots and 3 Acres New Layout in Gopanpally to be auctioned
26/10/2011 - Bangalore Metro Runs while L&T to Rthink on Hyderabad Metro Project, in the wake of inability of Govt, to handover land
26/10/2011 - No one to Toll You on ORR! Toll Collection Postponed.
26/10/2011 - RBI raises hikes Repo Rate by 0.25 basis points. SB accounts to fetch more interest. Home loan Rates Unlikly to increase
25/10/2011 - Telangana News. SAMME ends after 42 days. Govt Staff to resume duty
22/10/2011 - ACB seeks info on illegal buildings in Kukatpally, Serilingampally and Rajendranagar municipal circles
22/10/2011 - Saab India Technology Centre opens in Hyderabad
21/10/2011 - Boulder Hills News. Plot buyers coerced to lie before CBI by
20/10/2011 - No Prepayment Penalty on Home Loans taken from HDFC, LIC, DHFL etc
19/10/2011 - Telanga Agitatiion Pauses for Breath. Govt Staff continues stir
19/10/2011 - AP among top five investment destinations notwithstanding Telangana Agitation
19/10/2011 - Decision on Telangana likely by month-end
18/10/2011 - GHMC sister city pacts a farce! Just a ploy to get Govt sponsored Foreign Tours!
18/10/2011 - Hyderabad Metro. Delay in Land Acquisition makes L&T jittery

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Hyderabad News.Emmar Gachibowli Project Land Deal. Heat gets to Bosta

Hyderabad News. TOI 12.08.2010

(Excl Ventures News.)

Barely 24 hours after allegations of politician-bureaucrat nexus in the APIIC-Emaar deal flew thick and fast in the media,panchayat raj minister Botsa Satyanarayana rushed to Delhi on Wednesday for a meeting with the Congress bosses who sought complete details of the Rs 2,400-crore loss to the state exchequer.


Congress sources said the decision was taken after chief minister K Rosaiah,a few close followers,Botsa and some top officials held a closed-door meeting on Tuesday evening to gauge the gravity of the situation.


It is learnt that the then industries minister Botsa informed the CM that he was unaware of the issue as the matter was never brought to his notice nor was it ever discussed by APIIC officials.He said matters relating to the transfer of profits by Emaar properties to its parent group were neither brought to his notice nor ever listed on the agenda of the APIIC board meeting.


In fact,it is reliably learnt that the chief minister has been asked by his Delhi bosses to spare none however big they are either in the Congress or bureaucracy.The CM is learnt to have told the high command that two top APIIC officials who took the decisions were totally responsible for all the transactions and file notings made by all officials associated with the project were being verified.
The sources said the CM was waiting for a nod from the Congress high command before officially writing a letter to CBI asking it to probe the Emaar deal,as the parent company is based in Dubai.

They said there was every possibility of the state government seeking a CBI probe into all the APIIC deals with other private companies since 2002,with specific focus on dilution of its stake in various projects without the knowledge of the government.


The sources said the enquiry would also cover the agreement APIIC had with a prominent Mumbai-based builder and developer,which set up an IT park near Hitec City and later diluted its stake to help the private player.


Two legislators and close followers of Congress MP Y S Jagan Mohan Reddy C Adinarayana Reddy and G Srikanth Reddy questioned the timing of the controversy.


 


Why was the issue not raised earlier Why selective leaks are being made to the media We want the CBI to probe the issue thoroughly.There is a systematic campaign being run to tarnish the image of YSR and his family.Is it fair on the part of a few Congress leaders to cast aspersions on a great leader like YSR, they said.

Panchayat raj minister Botsa Satyanarayana on Wednesday said his two successors in the industries department and the two chairmen of APIIC were competent enough to answer queries on Emaar Properties and other related issues.

He told the media that the entire issue was precipitated by two APIIC officials who acted independently without taking requisite permissions from the government. The Emaar controversy began after I left the industries department.There were two other ministers who headed the department after I left, he said.The minister said his visit to Delhi was personal.My wife and daughter are in Delhi and I have come here to spend time with my daughter,who is celebrating her birthday on Thursday, he said.

Earlier in the day,industries minister Kanna Lakshminarayana who too was in Delhi told the media that he had asked a senior official of his department to submit a detailed report on the issue.I will be in a position to answer only after I receive a report on the subject, he said


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