KTR Accuses Revanth Reddy of Masterminding Multi-Crore Land Scam
The Tejaswi Rao Nitin Gadkari (KTR) has accused Y.S. Jagan Mohan Reddy's brother, Revanth Reddy, of orchestrating a massive land scam worth thousands of crores through real estate brokers associated with him.
Land ScamAndhra PradeshKtrRevanth ReddyReal EstateReal EstateMar 10, 2025
According to KTR, four real estate brokers with close ties to Revanth Reddy have been systematically cornering the land market in various parts of Andhra Pradesh. These brokers, acting on behalf of Reddy, have been facilitating the purchase of large tracts of land at below-market rates, only to resell them at exorbitant prices, thereby making huge profits. KTR has alleged that this illegal activity has been ongoing for several years and has resulted in a loss of thousands of crores to the state exchequer.
In a series of tweets and press conferences, KTR has provided names and addresses of the real estate brokers involved, along with specific instances of land transactions that he claims are part of the scam. He has also accused the state government of turning a blind eye to these activities, suggesting a deeper level of complicity. The TRS leader has called for a thorough investigation by an independent agency to uncover the extent of the scam and bring those responsible to justice.
The allegations have sparked intense debate and controversy, with the YSR Congress Party (YSRCP) vehemently denying the claims. The party has accused KTR of propagating baseless allegations to create a political crisis. However, KTR has stood firm, urging the media and public to scrutinize the evidence he has presented. He has also called for a public debate on the issue, inviting Revanth Reddy and other YSRCP leaders to address the allegations head-on.
The land market in Andhra Pradesh has been a contentious issue for years, with several allegations of corruption and misuse of power. KTR's latest accusation has once again brought the spotlight on the state's real estate sector and the role of political figures in it. The TRS leader has urged the central government to intervene and ensure a fair and transparent investigation.
The impact of these allegations on the political landscape of Andhra Pradesh remains to be seen. KTR's accusations have the potential to disrupt the political equilibrium and could lead to significant changes in the way land transactions are regulated in the state. Meanwhile, the YSRCP has continued to defend its actions and has called for a calm and rational approach to the issue.
As the controversy unfolds, it is clear that the coming days will be crucial in determining the validity of KTR's allegations and the broader implications for the state's political and economic health. The public and the media will be closely watching for any developments that could shed more light on this complex and highly charged situation.
Frequently Asked Questions
Who is KTR in the context of this article?
KTR, or Kalvakuntla Taraka Rama Rao, is a prominent leader of the Telangana Rashtra Samithi (TRS) party and currently serves as the Cabinet Minister of Road Transport and Highways in India.
What is the main allegation against Revanth Reddy?
KTR has accused Revanth Reddy, the brother of Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy, of masterminding a multi-crore land scam through real estate brokers linked to him.
How much money is alleged to be involved in the land scam?
KTR has alleged that the land scam involves thousands of crores, making it a significant financial and political issue in Andhra Pradesh.
What evidence has KTR provided to support his allegations?
KTR has provided names and addresses of real estate brokers involved, along with specific instances of land transactions that he claims are part of the scam. He has called for a thorough investigation by an independent agency.
How has the YSR Congress Party responded to KTR's allegations?
The YSR Congress Party (YSRCP) has vehemently denied the allegations, accusing KTR of propagating baseless claims to create a political crisis. They have called for a calm and rational approach to the issue.
Related News Articles
Mumbai Weather Alert: Flight Operations Disrupted at Chhatrapati Shivaji Maharaj International Airport
Heavy rainfall in Mumbai affects flight operations at CSMIA, IndiGo, Vistara, SpiceJet flights impacted
New Tax Rule Closes Loophole in Property Sales, Bolstering Tax Collection
India's real estate market just got a bit more transparent for tax authorities, but this increased scrutiny can change the dynamics of property transactions.
MahaRERA's New Rule: What Home Buyers Need to Know About Realty Developers' Delivery Dates
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for real estate developers to mention the delivery date of amenities and occupation certificate in the agreement for sale.
India's Real Estate Association Makes Waves at International Conference
The Indian real estate association recently made a remarkable impact at The International Real Estate Conference (IREC) 2024, held in Kuala Lumpur.
Motilal Oswal Considers Selling Home Finance Subsidiary
Mumbai-based financial services group Motilal Oswal is exploring the sale of its home finance arm, Motilal Oswal Home Finance, which started operations in 2014 as Aspire Home Finance Corp. and has a loan book of ₹4,098 crore.
No Signs of Slowdown in the Real Estate Market: Strong Demand Across All Segments
Boman Irani, the managing director of a leading real estate company, has expressed confidence in the robust performance of the real estate market. Despite some concerns about a potential slowdown, he believes that sales remain strong and that projects acr