Hyderabad

Fresh case against ‘HMDA official’

more-in

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.

Why you should pay for quality journalism - Click to know more

Related Topics Hyderabad
Recommended for you
This article is closed for comments.
Please Email the Editor

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

Next Story