Telangana Rashtra Samithi (TRS) President K Chandrasekhar Rao on Sunday sought to dispel apprehensions that the real estate prices will crash in and around Hyderabad after Telangana state is created.
“On the contrary, the real estate will see a boom with the prices sky-rocketing,” KCR said. Speaking at a function to welcome the members of the Communist Party of India (Marxist) in the TRS fold, KCR said that Hyderabad will be recognized as a ‘happening’ city on the international map.
He said that the influence of leaders from the Seemandhra regions will come to an end after the formation of Telangana. As a result, investors will not hesitate to come to the city, and the newly carved state will see dramatic development.
Recalling that the erstwhile Nizam’s dominion was the richest in the world, the TRS chief said that over the years, the Seemandhra rulers had exploited the region and made money for themselves.
Claiming that the Telangana region was totally neglected after the formation of Andhra Pradesh on November 1st, 1956, KCR said that the sustained exploitation had resulted in Mahabubnagar district alone losing around 1 lakh crores in revenue.
The TRS chief also pointed out that former Prime Minister Jawaharlal Nehru had assured the Telangana people that they can take ‘divorce’ from Andhra Pradesh as and when they choose to. He said that the time has come to end the ‘unholy matrimony.’
