KCR on Telangana Real Estate!

Telangana Rashtra Samithi president K Chandrasekhar Rao on Sunday sought to dispel any apprehensions that the real estate prices would crash in and around Hyderabad after Telangana state is created. “On the contrary, the real estate would see a boom with prices skyrocketing,” KCR stated.

Speaking at a function to welcome members of the Communist Party of India (Marxist) in the Trs fold, KCR said that Hyderabad would be recognised as a ‘happening’ city on the international map. He said that with the influence of leaders from Seemandhra regions coming to an end after the formation of Telangana, investors would not hesitate to come to the city and the newly carved state would see dramatic development.

Reminding that the erstwhile Nizam’s Dominion was the richest in the world, the Trs chief said that the Seemandhra rulers had over the years exploited the region and made money for themselves. Promising the people of the region that they would be greatly benefitted, the Trs chief reminded that taxes paid by them to the Nizams had made the region the wealthiest in the world. The same situation can be replicated after Telangana is formed, he stated.

Claiming that the Telangana region was neglected ‘totally’ after the formation of Andhra Pradesh on November 1, 1956, KCR said that the sustained exploitation had resulted in Mahabubnagar district alone losing about Rs one lakh crore in revenues.

The Trs chief also pointed out that former prime minister Jawaharlal Nehru had assured the Telangana people that they can take ‘divorce’ from Andhra Pradesh as and when they chose to. He said that the time has come to end the ‘unholy matrimony.’