Raju's land deals go beyond Hyderabad

HYDERABAD: The Raju family's hunger for land even outside Hyderabad has now started surfacing. They bought 1,500 acres in Nalgonda district
alone. Investigations now reveal that the Maytas Hill County Developers (MHCD) bought the land at Rachakonda near Malkapuram village in Nalgonda district, which is located 40 kms from Hyderabad.

This new revelation comes as a surprise. Initially, it was believed that the Maytas groups and Satyam former chairman Ramalinga Raju purchased land mainly in the neighbouring Ranga Reddy district, his native West Godavari district and Visakhapatnam district.

There have been reports that high profile land broker Akula Rajaiah bought hundreds of acres land through general power of attorney (GPA) in Rachakonda area from gullible tribals and sold it to Ramalinga Raju and his family members.

The MHCD represented by its director D V S Subba Raju, also made land transactions in the same area in February and March last year, investigations by the stamps and registration departments have revealed. A total of 11 transactions involving purchase of 1500 acres from farmers by Maytas were recorded in the Choutuppal sub registrar office.

According to officials of the registration and stamps department, through one transaction, the firm bought 784 acres in Malkapuram village for a total government value of Rs 98 lakh. Similarly in February 2008, the firm purchased 491 acres for Rs 14.34 crore in survey no. 167 of the same village limits.

In other transactions, MHCD bought 187 acres for Rs 2.33 crore in survey no. 248 and 108 acres for Rs 1.8 crore. There were transactions for 87 acres, 46 acres, 52 acres and 17 acres in the village.

Interestingly, Maytas has two transactions pertaining to land development in Pulivendula of Kadapa district as well. The Pulivendula assembly constituency is being represented by chief minister Y S Rajasekhara Reddy.

In one transaction, Maytas made a lease deed for development of six acres land. The lease agreement was made between Tera Ramachandra Reddy and Maytas NCC Joint venture. In the same village another agreement was made by the same parties for another piece of land.

In Banjara Hills, Maytas Housing Pvt Ltd entered into an agreement for developing one lakh square feet built-up area on Road No 2.

The registration and stamps department found several land dealings in the name of the Byrraju Satyanarayana Raju Charitable Trust. The transactions were found in Bhatna village in West Godavari district, Vedireshwaram near Ravulapalem, Chinakondepudi of Seethanagaram mandal of Guntur district and Rushikonda area of Visakhapatnam city.

Officials said Ramalinga Raju's relatives live in the areas where the land has been purchased in the name of charitable trust.

Ramalinga Raju's wife Nandini Raju and mother Appala Narsamma made 260 transactions in Jeedimetla village of Medchal for selling flats in Sundaram apartment and Rama Raju Nagar.

Nandini Raju made transactions of Satyam Enclave in Pet Basheerabad of Ranga Reddy district. One M Nagaraju represented Nandini Raju for all these transactions.