Hyderabad's Raidurg land auction faces SBI legal challenge
Hyderabad, June 18 -- Hyderabad's largest land auction in recent years has run into legal trouble after the State Bank of India (SBI) claimed ownership rights over a portion of the prime land sold in Raidurg.
The Telangana High Court is scheduled to hear the dispute on Thursday, June 18.
The dispute involves around five acres of a 6.29-acre property auctioned by the Telangana Government Industrial Infrastructure Corporation (TGIIC) on May 28.
The state government generated Rs 1490.73 crore by giving the land to Hyderabad-based Gowra Ventures Pvt Ltd.
SBI claims ownership over Hyderabad's Raidurg land
According to a petition filed before the High Court, SBI stated that the land was originally allotted to the erstwhile State Bank of Hy...
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