3 weeks ago
KTR Demands Probe Into Land Allegedly Gifted to CM's Brother
A politician named K.T. Rama Rao says some very valuable land was given away for a very low price.
The land is in a place called Future City in Hyderabad, India.
Rama Rao says the Chief Minister, A. Revanth Reddy, gave five acres of this land to his own brother, A. Kondal Reddy.
The land is said to be worth about Rs 200 crore, but the brother's company paid only around Rs 7 crore for it.
The company is called Tesseract Advanced Systems, and Kondal Reddy is said to be its chairman.
Rama Rao says the company has almost no money, just Rs 1 lakh, and no workers.
He asked why such valuable land was given to that company for such a small amount.
He wants the government to show all the papers about the deal and to investigate it.
Rama Rao's party, the BRS, says it will ask the Governor and the Lokayukta to look into the matter.
These are allegations, and the articles do not include a response from the Chief Minister's side.
BRS working president K.T. Rama Rao accused Chief Minister A. Revanth Reddy of allotting nearly five acres of government land in the proposed Future City to his brother A. Kondal Reddy.
Rama Rao alleged the land, worth about Rs 200 crore, was allotted to Tesseract Advanced Systems, chaired by Kondal Reddy, for around Rs 7 crore (about Rs 3,700 per square yard).
He questioned how a company with a paid-up capital of just Rs 1 lakh and zero employees as of March 31, 2025, could receive such valuable government land.
Rama Rao disputed Minister D. Sridhar Babu's claim that Kondal Reddy had no connection with Tesseract, citing Kondal Reddy's LinkedIn profile and the US-India Strategic Partnership Forum.
The BRS said it will approach the Telangana Governor and the Lokayukta and pursue legal and constitutional remedies, while demanding all allotment documents be made public.
- Who
- BRS working president K.T. Rama Rao made allegations against Chief Minister A. Revanth Reddy and his brother A. Kondal Reddy.
- What
- Rama Rao alleged that nearly five acres of valuable land in the proposed Future City were allotted cheaply to Kondal Reddy's company, Tesseract Advanced Systems.
- Where
- Hyderabad, relating to land in the proposed Future City in Telangana.
- When
- Tuesday, when Rama Rao addressed reporters at the BRS headquarters in Hyderabad.
- Why
- Rama Rao alleged favoritism, questioning the land's valuation and the financial credentials of the beneficiary company.
KTR's Allegation
Minister's Position
Kondal Reddy's link to Tesseract
KTR's Allegation
KTR said Kondal Reddy is chairman of Tesseract Advanced Systems, citing his LinkedIn profile and the US-India Strategic Partnership Forum, and asked why he represented the company at meetings if he had no connection.
Minister's Position
Minister D. Sridhar Babu said Kondal Reddy had no connection with Tesseract Advanced Systems.
Key facts
- Accuser
- K.T. Rama Rao, BRS working president
- Accused
- Chief Minister A. Revanth Reddy
- Alleged beneficiary
- A. Kondal Reddy, the CM's brother, chairman of Tesseract Advanced Systems
- Land
- Nearly five acres in the proposed Future City, Hyderabad
- Alleged market value
- Around Rs 200 crore
- Allotment price
- Around Rs 7 crore (about Rs 3,700 per square yard)
- Company's financials
- Paid-up capital of Rs 1 lakh; zero employees as of March 31, 2025
- Planned BRS action
- Complaint to the Telangana Governor; approach Lokayukta and courts if needed
Quotes
K. T. Rama Rao
BRS working president and opposition leader
“"What exactly is Tesseract Advanced Systems, and what are its financial credentials? If Kondal Reddy has no connection with Tesseract, why was he presented as its chairman and why did he represent the company at meetings."”
deccanchronicle.com
“"How can a company with zero employees and ₹1 lakh paid‑up capital get five acres of government land worth ₹200 crore? Is this not a scam?"”
thehansindia.com
Sources
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