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Hyderabad News.Supreme Court asks the current Telangana Govt to refund Rs.165 Crore with interest to Unitech for the 2008 misdeeds of erstwhile HUDA
(Excl Ventures News.)The #SupremeCourt on Wednesday directed the #Telangana State Industrial Infrastructure Corporation (TSIIC) to refund Rs 165 crore with interest to cash-strapped real estate firm #Unitech, in connection with development of an integrated township project in Budvel in Ranga Reddy district.
This is a very curious case. The erstwhile HUDA, during the times of Congress Rule in the undivided Andhra Pradesh had blatantly invited bids for encumbered land. Many non Hyderabad companies from Delhi, Mumbai and Bangalore were duped into depositing hundreds of crores, in scam auctions. (The Golden Mile project in Kokapet being the most notorious scams of the erstwhile HUDA. The proposed 400 acre Tishman Speyer project in Tellapur was another big land scam by HUDA )
Read the complete story of the then govt sponsored land scam trap!
APH267: GACHIBOWLI - Buy 1000sft Units in IT Park - Commercial Space in upcoming A class Highrise building before Gachibowli Junction, Hyderabad
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