Hyderabad: Sharks eye Rs 8-crore park land

Hyderabad: Encroachers have been trying to grab a parcel of land worth Rs 8 crore in Sri Krishna Colony in Musheerabad, residents allege.

The GHMC had earmarked the land spread over 1,087 square yards for a park. Residents claimed that land-grabbers had moved court and secured a status quo and had applied for a keeping by keeping vacant land as collateral.

They claimed that they had taken the issue to the notice of senior GHMC officers but there had been no response,

Sri Krishna Colony Residents Welfare Association president V.M. Yadagiri said the GHMC had earmarked the land for a park in 1980 but there was no work till 2014. That year, land sharks entered the scene and the matter went to court.

Mr Yadagiri said nine cases on the land had gone in favour of the GHMC. Challenging the judgements, the encroachers filed a status quo petition in the High Court. In the meanwhile, land-grabbers had the land evaluated by a consultant at Rs 8,80,47,000 and allegedly applied for a loan of Rs 6 crore at the SBI, Bible House branch. When residents intervened, they approached a private bank, Mr Yadagiri said.

He said the problem would not be resolved until a compound wall was constructed around the land. He said that the corporation had earlier constructed a wall on three sides, leaving one side open with an estimated cost of '15 lakh. 

Residents have asked the civic body to file a petition to secure vacation of the stay and construction the wall and instal a gate to protect the land.

Asked about the issue, GHMC chief city planner S. Devender Reddy said he would depute field staff to look into the issue and resolve it.