HMDA to raise Rs 600 crore via e-auction of lands
Plot sizes ranging from 300 to 10,000 square yards will be subject to e-auction
Hyderabad: The Hyderabad Metropolitan Development Authority (HMDA) is planning to e-auction 1.20 square yards or roughly 25 acres of land in Ranga Reddy, Sangareddy, and Medchal-Malkajgiri districts, which is likely to fetch Rs 600 crore.
The HMDA announced that plot sizes ranging from 300 to 10,000 square yards will be subject to e- auction, with the minimum price per square yard ranging from Rs 2,400 to Rs 1.5 lakh. The land parcels will be put up for e-auction on January 18 after the registration deadline of January 16.
Around 13 land parcels totaling 11,132 square yards would be the subject of the online auction in Ranga Reddy district. Around 16 land parcels totaling
25,228 square yards will be up for e-auction in Sangareddy district.
The HMDA would also e-auction nine land parcels in Korremula, Bachupally,
Moosapet, Bowrampamma, Bowrampet and Suraram. The land parcels with a total extent of 28,044 square yards would be e-auctioned in Isnapur, Velimela, Madaram, Ameenpur VI, Patelguda, and Sultanpur areas.
The HMDA would host a pre-bid meeting at the Ranga Reddy district collectorate on January 4, Sangareedy on January 5, and Medchal-Malkajgiri on January 6. A registration cost of Rs 1,180, including GST, must be paid by bidders (non-refundable) The deadline for registrations is January 16, on January 17 and 18, the earnest deposit (EMD) for pre-bids must be submitted by 5 pm. Auction details can be accessed on www.mstcecommerce.com
Land parcels up for grabs
Puppalguda: 11,132 sq yards
Bairagiguda: 3,388 sq yards
Manchirevula: 13,038 sq yards
Peeramcheruvu: 4,477 sq yards
Kokapet: 22,000 sq yards
Nallagandla: 7,260 sq yards
Dargah Hussain Shahwali: 3,630 sq yards
Chandanagar: 1,694 sq yards