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KTR Alleges Multi-Crore Scam Behind Pharma City Cancellation

TPN, Telangana: BRS Working President and Sirisilla MLA KTR has claimed that a scam worth thousands of crores is behind the cancellation of Hyderabad Pharma City, calling it a “genuine real estate scam.” He made these remarks while addressing the media at BRS Bhawan in Rajanna Sirisilla.

KTR accused the Congress party of misleading the public and the judiciary. He recalled that, before the elections, several Congress leaders, including Revanth Reddy and Komatireddy Venkat Reddy, had announced plans to cancel Pharma City and return the lands to the farmers. However, KTR pointed out that after coming to power, the Congress government did not cancel Pharma City, leading some farmers to seek legal recourse.

He questioned the government’s intentions, asking if they have acquired even a single acre for their proposed “Fourth City,” “Future City,” and “AI City” projects. KTR accused the government of attempting to repurpose the Pharma City lands for these projects without any proper land acquisition.

KTR warned that farmers would not remain silent if their lands were diverted for real estate benefits. He urged the government to clarify its stance in court, questioning whether it intends to build Pharma City, which was expected to generate employment for lakhs of people, or repurpose the land for other projects. He also alleged that the government is planning to profit by diverting the 14,000 acres acquired under the Pharma City project to various real estate ventures, calling it a massive real estate scam. He demanded that the government either continue with the Pharma City project on the 14,000 acres or return the land to the farmers.

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