Massive land scam in Visakhapatnam land allotments

Visakhapatnam, July 29: Speaking to the media at the YSRCP city office in Visakhapatnam, KK Raju stated that a massive land scam involving Chief Minister Chandrababu Naidu, allotting highly valuable lands to his associates at throwaway prices. He demanded the immediate cancellation of these allotments, claiming companies like Lulu, Satva, Kapil Group, Ursa, and ANSR are involved in shady deals with Naidu. Raju criticized the government for neglecting North Andhra's development and exploiting its valuable public lands, warning of potential unrest.

Raju highlighted that lands worth thousands of crores are being handed over to Naidu’s allies, with Visakhapatnam’s development sidelined to favor Amaravati’s real estate growth. Specifically, he pointed out the allocation of 13.83 acres worth Rs. 3,000 crore near RK Beach to Lulu Mall for just Rs. 1.50 per square foot for 99 years, questioning the minimal job creation and a quid pro quo. Similarly, lands in Yendada, valued at Rs. 100 crore per acre, were allotted to real estate firms like BVM Energy at Rs. 1.5 crore per acre, while an IT company was charged Rs. 4.5 crore per acre, indicating favoritism.
Raju also questioned excessive subsidies to Satva Developers, a real estate firm, under IT policies, despite no direct job creation. In contrast, he praised the YSRCP’s transparent handling of the Inorbit Mall project, which secured Rs. 133 crore in advance lease payments and is nearing completion. The project, involving 17 acres of port land, includes a mall and IT development, adhering to international standards and creating jobs. Raju emphasized that such transparent agreements, unlike the current government’s questionable allotments, reflect a genuine commitment to development and employment.