Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

HMDA to issue notification for auction plots soon

Comments(2) Sub Category:Hyderabad,Real estate trends,Realty News Posted On: Jun 18, 2012

The Hyderabad Metropolitan Development Authority (HMDA) has decided to issue a notification for auctioning plots soon.

The auction will be conducted through e-bidding, where people will have to quote their price online.

The HMDA authority would put up 44 plots in the proposed auction. The plots will be put for auction in leftover areas like Nallagandla, Miyapur, Ramachandrapuram, Tellapur and Gopanpally.

P Krishna Mohan Reddy, HMDA member told the date of auction and price for each plot will be finalised by the metropolitan commissioner on Monday.

The minimum price of plots is likely to be Rs 10,000 per sq yard. Officials were considering reducing prices of plots which are less in demand, said sources.

The HMDA is expected to raise about Rs 355 crore through sale of land and plots.

To read more real estate stories:

Declining Cost of apartments in Hyderabad

Boulder Hill project construction will remain on Hold

Source: The Times of India

2 Responses to “HMDA to issue notification for auction plots soon”

  1. Castner says:

    This is a really neatly written article. Thanks for the post. I’ll certainly comeback.

  2. [...] HMDA to issue notification for auction plots soon [...]

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!