Amid the controversy that the State govt will takeover 11 acres land from it to shelter the poor, the Osmania University has decided to review the status of its lands and reframe lease agreements.
About 20 institutes including the English and Foreign Languages University (EFLU), National Institute of Nutrition, Institute of Public Enterprise (IPE), Centre for Economic and Social Studies (CESS), Andhra Mahila Sabha and the Forensic Laboratory, are functioning on lands leased by the OU.
In addition to these Institutes, the OU has also given its lands on lease to the SBH, Indian Oil Corporation, Transco, CPDCL and others. It has given about 200 acres on lease while cases pertaining to 100 acres are pending in courts.
“Earlier lands were given on lease at very cheap prices. In some cases, lands were given at the nominal price of one rupee per acre. These lease agreements were never reviewed. In the changed circumstances, where land has become very valuable, we want to rewrite all the lease agreements according to the latest lease rates fixed by the government,” said N Venkateshwarlu, joint director, estate cell, Osmania University.
OU is entitled to renegotiate its lease agreements at any point of time. The varsity officials have already communicated their decision to the parties concerned. The review may begin in a week.