HYDERABAD

Working president of Bharat Rashtra Samithi (BRS) K.T. Rama Rao alleged serious financial irregularities in the tender process for the proposed PM Ekta (Unity) Mall at Raidurg here and demanded the immediate cancellation of the tender and an independent inquiry into the transaction.

In a letter addressed to Union Minister of Finance Nirmala Sitharaman, he urged the Centre to immediately stop further release of funds for the project and intervene before any irreversible decisions are taken. He alleged that the Congress government in the State had framed questionable tender conditions that could result in disproportionate benefits to a private developer at the cost of public resources.

He stated that the proposed project has an estimated cost of about ₹2,060 crore excluding the value of land and has received around ₹202 crore in Central assistance. The project is proposed on approximately 6.3 acres of prime land at Raidurg with a built-up area of about 27 lakh square feet.

The biggest concern relates to the distribution of commercial space as the government’s minimum share in the project is only around 9 lakh sft and the private developer is entitled to a minimum of 18 lakh sft, he pointed out. The BRS leader sought to know how a private developer could receive about double the government’s minimum built-up area in the project being developed on valuable public land with substantial Central assistance.

He explained that the selected developer consortium comprises Vamsiram Builders & Developers as the lead member and Aparna Infra-housing as the partner. The consortium has been offered an additional 18,000 sft of Grade-A commercial office space over the minimum government entitlement, taking the government’s total built-up area to about 9.18 lakh sft.

However, the private developer continues to have a minimum entitlement of 18 lakh sft, besides the possibility of additional area arising through future planning efficiencies or permissible FSI. He demanded that the Congress government explain why such extensive commercial rights have been provided to a private developer when the project involves valuable public land and Central financial assistance.

Mr. Rama Rao sought to know whether Telangana is receiving adequate value in return for the public resources being committed to the project. He raised serious questions over the project’s financial model too and pointed out that the ₹200 crore interest-free loan sanctioned under the Special Assistance to States for Capital Investment (SASCI) scheme for the PM Unity Mall is proposed to be routed through the Telangana Trade Promotion Corporation Limited (TGTPC) to the developer.

He demanded that the complete DPR, financial model, land valuation, tender documents and bid evaluation records be made available for public scrutiny.

Published - August 10, 2026 09:10 pm IST