Once again, the Telangana government is eyeing the e-auctioning of plots by developing 40 acres of land in the Uppal Bhagayat Layout. The HMDA has been instructed to develop the plots by the end of this year, and the government is hoping to rake in Rs 700 crore from the auction.
The plots will fall under Uppal Bhagayat Layout Phase I and Phase II near Nagole Metro Station. HMDA will be laying bitumen roads, providing external water supply, drainage lines, street lights, greenery, and footpaths. The process is likely to take about eight to nine months.
The HMDA has set a target of Rs 25 crore, and they are asking for tenders so the works can start in a month or two. Incidentally, this is the last parcel of land available in the Uppal Bhagayat layout. In the past, about 413 acres of land were auctioned in which a majority of plots went to the farmers under the land pooling scheme. In the second auction, 72 acres of land were auctioned. Incidentally, Uppal Bhagayat is the first layout in the state to be developed under a land pooling scheme.
Already the area is well developed and has multi-storeyed apartments, commercial complexes, shopping malls, multiplexes, and commercial activities. Now HMDA is looking at developing it into a techno-commerce hub along the lines of HITEC city.
In the past, the government acquired 733 acres of land and gave 143 acres of land to Metro Rail and 100 acres to HMWS&SB. The rest of the 413 acres were given to farmers. In phase 2, different plots were sold at different times, and HMDA developed 70 acres as a multi-purpose zone and auctioned it for a huge sum.