Lulu encroaches 12.52 acres of land in Vizag


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Uploaded on Oct 22, 2020

The former CM of Andhra Pradesh and the one who is 420 in AP gifted away valuable land of Rs 905 crores to Lulu Group, which a business conglomerate based in the UAE that was interested in investing in the sector of hospitality.

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Lulu encroaches 12.52 acres of land in Vizag

Lulu encroaches 12.52 acres of land in Vizag Who is 420 in AP https://420inap.com/ Introduction The former CM of Andhra Pradesh and the one who is 420 in AP gifted away valuable land of Rs 905 crores to Lulu Group, which a business conglomerate based in the UAE that was interested in investing in the sector of hospitality. The UAE group approached the AP government and proposed a plan for the fabrication of a five-star rated hotel, along with a shopping mall and convention hall in the prime location of Vishakapatnam. Typically, the government should allocate backward regions that require invigoration, and with such projects, it is attainable. But, in this case, Mr. Naidu’s government prime land, which was already in demand. This shows how the government was corrupted and involved with a private organization to steal the money of the state. Continue reading to know the details. • https://420inap.com/ How AP government favored Lulu? A cabinet meeting was conducted in which the former CM –the one who is 420 in AP personally resided; a decision was made to hand over 12.52 acres of prominent land towards the forefront of RK Beach to the UAE-based business –Lulu. And the shocking part is such a valuable land was handed over to the private project at a nominal value of no more than Rs. 50 lakhs. The land originally belonged to APIIC (AP Industrial Infrastructure Corporation) and was of value Rs. 905 crores. https://420inap.com/ The Wheeling and Dealing done by former CM Initially, the Lulu project group from UAE made propositions of establishing a five-star hotel with a convention hall and mall over the area of 9.12 acres and had a budget of Rs. 750 crores. Before initiating the project, the former CM personally visited the already- built project by the Lulu group in Kochi, and then Chandrababu Naidu conducted negotiations with the business. https://420inap.com/ Conclusion After Babu made negotiations with Lulu Group, he decided to have a talk with the CMR group and acquire more 3.40 acres of land from them and then hand it over to the UAE-based business. This suggests that the CM was personally interested in the matters as he would benefit from the transactions done by Lulu Group. Also, this shows that the one who is 420 in AP was more interested in conducting businesses than taking care of his state –AP. THANK YOU CONTACT US https://420inap.com/