Hyderabad, April 7 -- The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) on Tuesday, April 7, fenced an eight-acre plot that was being claimed by construction companies in the IT corridor.

The estimated value of the land is said to be Rs 1,200 crore.

In Survey no 55, located in Khanamet village of Serilingampally mandal of Rangareddy district, 4.20 acre of government land was under the control of major real estate companies, HYDRAA said.

One Kolanu Sabita, daughter of a man identified as Kolanu Madhavareddy, had also taken possession of another four-acre land, the agency added.

On Tuesday, HYDRAA cleared all temporary sheds erected on government land, while Vasavi Construction Company voluntarily dismantled the rolle...