Amaravati a 'Mega Real Estate Scam', Public Money Looted: YSR Congress MP Midhun Reddy

• YSR Congress MP Midhun Reddy alleged Amaravati is a massive real estate scam driven by benamis and backdoor dealings.
• He claimed insider trading occurred before the capital announcement, with land bought from farmers at throwaway prices.
• Reddy questioned the irrational scale of land acquisition (1 lakh acres vs. Delhi's 10,500 acres) and inflated construction costs.
• He highlighted financial irregularities, stating construction costs claimed are Rs. 12,000 per sq ft compared to Delhi's Rs. 4,000.
• YSRCP opposes the amendment bill, citing betrayal of farmers and misuse of public funds, advocating for decentralization.