Telangana government’s Hyderabad Industrial Land Transformation Policy (HILTP) aims to convert 9,292 acres of industrial land around the Outer Ring Road into mixed-use urban zones. This land is valued at around ₹5 lakh crore. The policy seeks to boost the local economy by allowing residential, commercial, and tech park developments. Under HILTP, landowners will pay a development fee: 50% of the land cost if it borders roads over 80 feet wide, and 30% for smaller roads. Revenue will be split between Telangana Industrial Infrastructure Corporation (25%) and the State treasury (75%). The government says this will modernize outdated industrial zones now engulfed by Hyderabad’s growth. These zones, created 50 to 60 years ago, have become part of the city's core and need repurposing. It also hopes to generate non-tax revenue amid slowing finances, as Telangana collected only ₹94,555 crore by October, far below budget targets. Opposition parties Bharat Rashtra Samiti (BRS) and BJP allege the policy is a sneaky financial deal favoring the ruling party's associates. They raised concerns about wide gaps in land valuation. For example, Nacharam land is valued at ₹32,881 per square yard by TGIIC but only ₹21,000 by the sub-registrar office (SRO). Similar disparities appear elsewhere, suggesting undervaluation risks. BRS leader K.T. Rama Rao called this a "huge financial irregularity in the making," accusing Chief Minister Revanth Reddy of attempting to hand over industrial land cheaply to private individuals. BJP leader G. Kishan Reddy criticized the lack of consultation with landowners and workers and noted no studies on the impact on thousands of industrial workers employed in these zones. Experts warn the policy lacks protections for workers and the environment. Public policy expert D. Narasimha Reddy called it an administrative order, missing clear plans for relocation and social safeguards. Government officials defend the plan, citing decades-old mandates to move polluting units outside Hyderabad’s core. They argue many industries have shut or become unviable due to rising costs and urban pressure. Modern parks are being developed to host relocated industries. Officials claim land values managed by TGIIC still lag market prices, which have climbed sharply near transport hubs. The government states the policy will unlock Hyderabad’s growth potential by creating new urban spaces with housing, schools, hospitals, parks, and tech centers. Ministers say the opposition’s critiques are "baseless" and accuse them of mudslinging. They also note the land was bought by industries long ago and that converting its use acknowledges current realities. Meanwhile, the premature leak of policy details triggered an internal probe. The government plans to disclose past land deal irregularities, adding fuel to the ongoing political tussle.