The Telangana Government Property (Preservation, Protection and Resumption) Act, 2007
The Telangana Government Property (Preservation, Protection and Resumption) Act, 2007
The Telangana Government Property Act, 2007, regulates specific property transactions by canceling past sales, leases, or agreements where state-owned land was transferred to private parties. Applying to the Telangana government and affected private buyers, this law declares these deals void from their inception because they were deemed contrary to the public interest. It matters because it allows the state to immediately reclaim possession of public assets to protect public resources. To ensure fairness, the law requires the government to compensate the affected private parties by refunding their original payment along with twelve percent annual interest.
PDF: pending for this language.