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HMDA to Auction Plots to Bail Out Cash-starved State Govt
The Hyderabad Metropolitan Development Authority is making all preparations for the e-auctioning of as many as 233 prime plots.
G
Guru Prasad
Hyderabad
Fri Jun 03 2022
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HMDA to Auction Plots to Bail Out Cash-starved State Govt
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The state government, which claims to be in a dire financial situation, is now in a bid to auction plots to ease the fluidity crunch. The Centre has restrained any borrowings as the state has already exceeded its FRMB limit.


The Hyderabad Metropolitan Development Authority (HMDA) is making all preparations for the e-auctioning of as many as 233 prime plots in Turkayamjal, Thorrur, and Bahadurpally layouts to raise Rs 500 crore.


The HMDA has put up 34 new plots at Turkayamjal within ORR, 148 plots in Thorrur, and 51 plots in Bahadurpally. The notifications have already been issued by HMDA. The plots will be e-auctioned by MSTC Limited, a Government of India Enterprise. The auction at Turkayamjal will happen on June 30 in two sessions, and Thorrur layouts will be auctioned on July 1,2, and 4.


The e-auction bidding starts from an upset price of Rs 40,000 per square yard with an increment bid at 500 sq yards or multiple thereof. E-bidding for Thorrur will start at Rs 20,000 per q yard, and for Bahadurpally layout, it will be Rs 25,000 per sq yard. Pre-bid meetings will be held on June 6 and 18.


Both the layouts happen to be in the multi-purpose zone. A notification for over 100 plots in Thorrur layout and new and few leftover plots in Bahadurpally will be issued this week. Last March, when plots were put up for sale, HMDA made Rs 152.02 crore in Thorrur and Rs 146.55 crore in Bahadurpally.


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