The Hyderabad Metropolitan Development Authority (HMDA) has issued a notification on Saturday for a fresh e-auction of lands and plots under its jurisdiction. The authority has again fixed record minimum prices in Kokapet and Moosapet.
In Kokapet, 459 acres in survey numbers 239 and 240 of the Neopolis Layout are up for sale again. The minimum price is Rs. 120 crore per acre. This land was offered earlier, but the bid was rejected after only a single bid was received. In Moosapet, 3.15 acres will be sold at a minimum price of Rs. 99 crore per acre.
HMDA has also divided land in Kokapet, Rayadurg, Naukhalsa, Capra, Bachupalli and Aminpur into 9 plots. The plots range from 302 square yards to 8,591 square yards. They will be sold through e-auction at minimum prices ranging from Rs. 30,000 to Rs. 1.50 lakh per square yard.
In the HMDA layout in Farooqnagar mandal of Rangareddy district, 45 plots are available, ranging from 185 to 300 square yards. The minimum price is Rs. 15,000 per square yard. Earlier, 50 plots were auctioned here, and the highest price was Rs. 20,000 per square yard.
In the HMDA layout at Bachupalli in Medchal-Malkajgiri district, 50 plots of 266 to 499 square yards are on offer at a minimum price of Rs. 45,000 per square yard. Another 8 plots are up for auction at Hakimpet in Sheikhpet mandal. They range from 1,084 to 1,437 square yards, with a record minimum price of Rs. 2 lakh per square yard.
HMDA said the e-auction will be conducted from the 12th to the 27th of next month. Bidders must first register on the HMDA website by paying Rs. 1,180, and then pay the prescribed EMD for each plot to take part. Winners must pay 25 percent of the sale value (excluding EMD) within seven days. The remaining amount, along with the EMD, must be paid within 60 days, followed by registration. For details, call 7416835522 or 7601063358.
