Reacting powerfully to allegations by YSR Congress Party leaders, including enactment president Y. S. Jagan Mohan Reddy, implicit the alleged alienation of authorities onshore astatine Rushikonda, Visakhapatnam MP and GITAM University president M. Sribharat connected Sunday dismissed the claims arsenic factually incorrect and misleading. He accused the YSRCP of spreading misinformation against the acquisition instauration and himself.
Refuting the YSRCP’s assertion that 54.79 acres of onshore projected for alienation to GITAM was worthy ₹5,000 crore, Mr. Sribharat said the onshore adjacent the GITAM field was primitively portion of the Rajiv Swagruha lodging task meant for low- and middle-income groups. He alleged that during the YSRCP regime, the onshore usage was converted to mixed use, pursuing which the onshore was plotted and auctioned.
Citing authoritative auction information from 2022 to May 2024, Mr. Sribharat said the onshore was sold astatine reserve prices ranging betwixt ₹60,000 and ₹65,000 per quadrate yard. At these rates, the worth works retired to astir ₹19.5 crore per acre, taking the full worth of 54.79 acres to astir ₹1,000 crore, and not ₹5,000 crore arsenic claimed by YSRCP leaders.
Drawing a comparison, Mr. Sribharat pointed retired that during the YSRCP government’s tenure, astir 11 acres of onshore adjacent the GITAM field was allotted to an planetary schoolhouse successful 2023 astatine conscionable ₹1 crore per acre. He added that adjacent aft 3 years, determination had been nary operation enactment connected the allotted land.
Responding to allegations that authorities onshore recovered and fenced by the erstwhile authorities was being handed implicit escaped of cost, the MP said the No Objection Certificate issued by the Greater Visakhapatnam Municipal Corporation had nary relation successful deciding either the terms oregon the last allotment of land. He said the connection would inactive necessitate support from the Chief Commissioner of Land Administration and the State Cabinet.
“GITAM has consistently maintained for astir 2 decades that it is acceptable to wage immoderate terms the authorities decides. We are not asking for thing free,” helium said, accusing the YSRCP enactment of deliberately misleading the public.
Mr. Sribharat besides recalled that during the COVID-19 pandemic, it was the YSRCP authorities itself that designated the GITAM Institute of Medical Sciences and Research arsenic the territory COVID hospital. He said that during the 2 pandemic waves, much than 3,000 COVID patients were treated there. “If GITAM is simply a existent property business, wherefore did the YSRCP authorities spot specified spot successful our infirmary during a nationalist wellness crisis?” helium asked.
He further stated that with 18,000 students and an 850-bed teaching infirmary astatine its Visakhapatnam campus, GITAM requires authorities enactment to grow and fortify its facilities. He said the assemblage aims to play a cardinal relation successful processing a skilled workforce and entrepreneurs to enactment the projected maturation successful employment, peculiarly successful the IT sector, successful the State.

3 months ago
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