Hyderabad: Land Regularisation Scheme may see favourable tweak

Hyderabad: Close on the heels of reverting back to the old system of registration of non-agricultural properties, Chief Minister K Chandrasekhar Rao is now set to address the LRS (Land Regularisation Scheme) which drew strong criticism from all the sections mainly the realty industry.

Since the lands covered under the LRS scheme are not permitted to be sold and registrations have been stopped for the last four months, the Chief Minister wanted to find a solution to this problem. It is learnt that the Government will come with a new proposal in about two weeks' time. Sources said the LRS applicants are likely to get relief from the proposed hefty penalty on regularisation of lands.

KCR wants to find a solution to this problem well ahead of the by-election to Nagarjuna Sagar Assembly constituency, the two Graduates' Constituencies (Rangareddy- Hyderabad – Mahbubnagar and Khammam- Warangal – Nalgonda ) to elect the MLCs and the elections to the Warangal and Khammam municipal corporations which are slated to be held in 2021. The Chief Minister feels TRS already faced the ire of people who openly opposed the LRS scheme in the

just held GHMC elections.

A whooping 25.59 lakh applications have been received under the LRS after it was announced on September 1. More than 50 per cent of the applicants are from the main cities, including Hyderabad and poll-bound municipal corporations and the six districts which fall under the graduate constituencies.

Official sources said that KCR is reviewing the financial burden to be faced by the LRS applicants for the regularization of their lands based on the land prices in the open market.

The Government is planning to regularise the lands situated in the non-prime locations by collecting nominal LRS fee of not more than Rs 10,000. Officials said that the market value of the properties in the commercially grown areas are under study.

Once the reports are received, a final decision on the LRS fee to be collected from the applicants in different locations will be decided. Several sections mainly the Telangana State Realtors' Association (TSRA) already announced that it would take up different forms of protest till June 2021 against the LRS.

The Associations had submitted representations to Municipal Administration and Urban Development Minister KT Rama Rao. TSRA president N Praveen had even warned that if their demands were not met, the association would campaign against TRS in the coming elections.