Fresh case against ‘HMDA official’


Realty firm lodges complaint

A fresh case of criminal misconduct has been booked by Anti Corruption Bureau against suspended director of Hyderabad Metropolitan Development Authority (HMDA) K. Purushotham Reddy and his brother-in-law B. Srinivas Reddy on charges of pressurising a real estate firm to sell a flat in a high rise tower at Kondapur at a throwaway price. Against the sale price of ₹5,850 per sq.ft., the firm gave away the flat at ₹2,091 per sq.ft., out of the consideration to avoid any trouble from Mr. Reddy, who was occupying a high position in HMDA and deals with the building construction permission.

The firm had agreed to sell the flat at a revenue loss of ₹1.13 crore.

Based on the complaint lodged by vice-president of the Prestige Estates Projects Limited, the ACB conducted a preliminary verification, found the facts genuine and registered a case.

“The complainant was constrained to comply with the same as non-compliance would affect their future permissions and agreed to sell the flat, and Reddy sent Srinivas Reddy to enter into an agreement,” the officials said.

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Printable version | Jan 26, 2020 12:05:50 PM | https://www.thehindu.com/news/cities/Hyderabad/fresh-case-against-hmda-official/article22921275.ece

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