HILT policy to generate ₹10,776 crore: Deputy CM Bhatti Vikramarka

Deputy Chief Minister Mallu Bhatti Vikramarka informed the Assembly that the State government had introduced the Hyderabad Industrial Land Transformation (HILT) policy, to be implemented within a six-month timeframe, and that it was designed to generate ₹10,776 crore.

Speaking during a short discussion on the HILT Policy in the Assembly on Tuesday, he said the government was ready to subject all transactions from 2014 up to the present HILT policy to any inquiry by any agency.

Criticising BRS leaders, the Deputy Chief Minister said they were making such statements without regard for the State’s interests and were attempting to deflect attention from their own actions, prioritising personal interests over those of the State.

The previous government, he alleged, had granted ownership rights to private individuals over leased government lands and allowed such rights to be regularised at sub-registrar office (SRO) rates. While the earlier regime handed over government lands to private individuals, the present government has ensured that even where private ownership rights already exist, the State derives financial benefit.

Referring to environmental concerns, Mr. Vikramarka said pollution levels in Hyderabad had reached severe proportions. He recalled that in 2012, the then Congress government had constituted a committee to shift industries out of the city, which submitted its report in 2013.

He said the BRS government had decided to convert industrial parks into IT parks, allocating 50% for IT use and permitting the remaining 50% for commercial purposes. Although land conversion was allowed by paying 30% extra over SRO rates, no one came forward, he added.

Before the HILT Policy, land conversion required a payment of only ₹12 lakh per acre. With the introduction of the new policy, the government will now receive an additional ₹7 crore per acre into the State treasury, he said.