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    HomeHyderabadProspective buyers meet with HMDA for pre-bid discussions

    Prospective buyers meet with HMDA for pre-bid discussions

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    Prospective buyers of plots in Mokila layout phase-II in Shankarpally mandal of Rangareddy recently attended a meeting to learn about the registration and bidding process. The meeting was held by HMDA, and the auction will take place on the e-auction platform of MSTC Limited. The auction will be held from August 23 to 29.

    During the meeting, a representative from MSTC, K Anuraag, gave a presentation explaining the auction process and answered questions from participants. He highlighted that the entire bidding process would take five days, with 60 plots going up for bidding each day.

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    In total, there are 300 plots available for auction in phase II of the Mokila layout. The last date for registration is August 21. The starting price for the e-auction is Rs 25,000 per square yard, with an increment of Rs 1,000 per square yard during bidding. A deposit of Rs 1 lakh is required to participate in the e-auction.

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    Officials reported that there was a strong response to the pre-bid meeting held near the site. HMDA is developing a residential layout with a total of 1321 plots in 165 acres of land, and 300 plots are being auctioned as part of phase-II.

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    The meeting was attended by several officials, including HMDA secretary P Chandraiah and chief information officer S K Meera.

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