Raidurg land dispute: Telangana government and SBI agree alternative allotment plan

The Telangana government and the State Bank of India (SBI) agreed on a mutually acceptable way forward on Saturday. The understanding followed fresh talks over a disputed five-acre land parcel in Hyderabad. Officials said both sides settled on an amicable solution. The next steps depended on statutory procedures and actions linked to ongoing court matters.

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The meeting on Saturday continued discussions that began on June 22. Chief Secretary K Ramakrishna Rao led the state team in talks with SBI representatives. An official release said the bank reviewed alternative land options. SBI had visited the locations suggested by the government on June 23 before accepting the alternative proposals.

Telangana government and SBI talks on land dispute

According to the release, SBI agreed to the alternative proposals after assessing the sites. SBI officials said further action would follow once the bank’s board granted approval. The release added that steps would also be taken in line with the court proceedings. Officials said the matter would be closed quickly after required statutory formalities.

Telangana government and SBI row linked to Raidurg land

The dispute centred on a five-acre parcel at Raidurg. Reports said the then Congress government allocated the land to SBI in 2010. The allotment was meant for the bank’s corporate headquarters. SBI did not build the facility, which later became a point of disagreement with the state.

Telangana government and SBI dispute after TGIIC auction move

The Telangana Industrial Infrastructure Corporation (TGIIC) later auctioned the same land. The auction reportedly fetched more than Rs 200 crore per acre. SBI approached the court against the auction. The bank also secured a stay from the Telangana High Court on TGIIC’s auction proceedings.

After the stay order, reports said the state government threatened to move all its accounts out of SBI. Officials later indicated a softening of positions after the June 22 talks. Saturday’s meeting built on that progress, with both sides agreeing to settle the issue through approvals and legal steps already in motion.

With inputs from PTI