Its final now. The Union Home Ministry has announced the Appointed Day of Telangana state as June 2nd 2014.
A gazette notification to this effect has been released yesterday.
The Union Government has taken this taken after much deliberation and weighing in all options it had. The government had to think hard as the Election Commission was on the verge of releasing the general election schedule
You can see the notification here: http://egazette.nic.in/WriteReadData/2014/158365.pdf