In a major decision, the Cabinet has decided to file a petition in the High Court urging it allow the State government to auction the properties of AgriGold.
Addressing a press conference on Monday, Information and Public Relations (I&PR) Minister Perni Venkatramaiah said that the government would auction the prime properties if the High Court gave its permission.
The AgriGold land would be developed into layouts. There may not be many prospective buyers if the properties as such were auctioned.
So, the government proposes to sell them as housing sites.