Nandagiri Hills
The income tax department conducted the raid on the residence of real estate businessman G Amarender Reddy. During the raid the IT department seized incriminating documents related to the huge cash transactions outside the books. Mr. Amarender Reddy is a close friend of former chief minister N Kiran Kumar Reddy. Mr. Reddy is the chairman [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) has collected Rs 125 crore through the auction of 42 plots in the city. The HMDA got Rs 84.74 crore for over four acres of land in Nandagiri Hills, the most prized possession of the authority. NetNet Ventures Pvt Ltd,bought the plot for Rs 18.5 crore per acre against [...] Continue Reading »
Auctions taken up recently by government agencies – the A.P. Housing Board and Hyderabad Metropolitan Development Authority (HMDA) included 42 plots in the city and the suburbs. As per plan, the HMDA has come up with a round of auctions that has placed the plots under the hammer and the civic body expects to raise [...] Continue Reading »
Hyderabad Metropolitan Development Authority (HMDA), which is undergoing a major fund crisis at present, hopes to raise Rs. 120 crore through auction of 42 plots. The authority which is in dire need of funds for even its own ongoing projects, has ruled out the possibility of fund transfer realized through auction to the government. However, [...] Continue Reading »
