Rs , sq ft

Removed from Shortlist

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

HMDA to solve financial crisis!

Comments(3) Sub Category:Community,Realty News Posted On: Mar 27, 2012

For the financial year 2012 and 2013 the Hyderabad Metropolitan Development Authority (HMDA) has new set of realty plans!

It has decided to sell plots and huge lands to dry out completely from financial crisis.

With the release of recent budget, the HMDA executive committee approved a budget outlay of Rs 2,938 crore.

Rs 973 crore has been granted as revenue receipts in which fund of Rs 212 crore will be diverted towards interest on loans and other debts taken by HMDA.

The HMDA chief officer say that budget has been prepared considering the factors of capital receipts, expenditure and revenue!

Source: The Times of India

3 Responses to “HMDA to solve financial crisis!”

  1. [...] Owners of adjoining sites can come together and pool their land. Further then it becomes easy for Hyderabad Metropolitan Development Authority (HMDA) to take a part of land for constructing public facilities like roads, parking, green spaces [...]

  2. [...] July 2006, the Hyderabad Metropolitan Development Authority (earlier called as HUDA) bidded 70 acres in Kokapet village of Rajendranagar mandal. This auction [...]

Leave a Reply



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