SBI Claims Ownership in Telangana Land Row Amid Auction Defense
HYDERABAD: The Telangana High Court has issued a three-week stay on all proceedings regarding the recent auction of a 6.2-acre land parcel in Knowledge City, Raidurg. The land was purchased by Gowra Ventures Pvt Ltd for a staggering Rs 237 crore per acre (totaling Rs 1,490 crore) on May 28. Justice NV Shravan Kumar made this ruling while addressing a series of petitions from the State Bank of India, which asserted that 5 acres of the auctioned land had been allotted to it in 2010 and has remained in its possession ever since. The state contended that it proposed a…