Categorical Information Service
HYDERABAD: The State authorities, which is in monetary dire straits, is hastening the method of auctioning of plots to ease the fluidity crunch with the Centre restraining it from getting into for market borrowings on this fiscal on the bottom that it had exceeded its FRMB restrict already.
The Hyderabad Metropolitan Growth Authority (HMDA) is now making al preparations for e-auctioning of as many as 233 prime plots in Turkayamjal, Thorrur, and Bahadurpally layouts to lift about Rs 500 crore and extra.
The HMDA has put up as many as 34 new plots at Turkayamjal inside Outer Ring Street (ORR), Thorrur (148 plots), and Bahadurpally (51 plots) for which notifications have been issued by the HMDA.
The plots shall be e-auctioned by MSTC Restricted, a Authorities of India Enterprise. The 34 prime plots in Turkayamjal and 51 plots in Bahadurpally shall be on e-auctioning on June 30 in two periods. The 148 plots in Thorrur structure will go below the hammer on July 1, 2, and 4.
Sources mentioned that 34 plots in Turkayamjal is a multi-purpose zone they usually have been divided in various sizes, viz 14 plots in 600-700 sq. yds, 10 plots (701-800 sq.yds), 5 plots (800-850 sq.yds) and 5 plots (900-1000 sq. yds).
The e-auction bidding begins from a minimal upset worth of Rs 40,000 per sq. yard with an increment bid @ 500 per sq. yard or a number of thereof. Pre-bid conferences shall be held on June 4 and 16. The Thorrur structure is split in various sizes from 300 sq. yds to 325 sq. yds
The e-auction bidding begins from a minimal upset worth of Rs 20,000 per sq.yd with an increment bid at Rs 500 per sq yard or a number of thereof. Pre-bid conferences shall be held on June 9 and 20. The Bahadurpally structure has been divided into sizes starting from 290 sq. yds to 529 sq. yds.
Bidding begins from a minimal upset worth of Rs 25,000 per sq. yd with an increment bid @ Rs 500 per sq. yard or a number of thereof. Pre-bid conferences shall be held on June 6 and 18. HMDA is growing a complete of 1,000 plots at Thorrur in Rangareddy district in 117 acres of land and 210 plots at Bahadurpally in 40 acres in Medchal district.
Each the layouts are within the multipurpose zone. A notification for over 100 plots in Thorrur structure and new and some leftover plots in Bahadurpally shall be issued this week. In March this 12 months, it has put up for public sale about 223 plots in Thorrur and 101 plots in Bahadurpally. It generated Rs 152.02 crore in Thorrur adopted by Bahadurpally (Rs 146.55 crore).