Story highlights
- The dispute over 5.09 acres of land in Hyderabad's Rayadurgam Knowledge City has led to tension between the Telangana government and the State Bank of India (SBI).
- The government recently auctioned this land, generating a revenue of over ₹1,038 crore.
- However, SBI has approached the High Court claiming that it has the right to the land.
The dispute over 5.09 acres of land in Hyderabad’s Rayadurgam Knowledge City has led to tension between the Telangana government and the State Bank of India (SBI). The government recently auctioned this land, generating a revenue of over ₹1,038 crore. However, SBI has approached the High Court claiming that it has the right to the land. With this, the government is reportedly considering the possibility of transferring its accounts and deposits in SBI to other banks. The government is arguing that the bank has not undertaken development work even though the land was originally allocated for the construction of a corporate office. The issue has also become a topic of discussion in state politics.
