Land available in 10 areas on Nov 14
Hyderabad: For the very first time, Telangana Government has actually made a decision to adopt synchronised public auction of prime buildings in 10 areas on a solitary day, November 14. The Government anticipates to wipe up around Rs 2,000 crore from this public auction. The cash-strapped Government has actually determined stories and also designs in the areas and also anticipates a huge feedback for land sales.
In Karimnagar area alone, 590 stories will certainly be placed on public auction. Vacant government lands in Turkayamjal, Chandanagar and also Kavadiguda in the Greater Hyderabad limitations remain in high need. The base rate for these lands in the Rangareddy area has actually been dealt with at Rs 40,000 per sq lawn.
State Special Chief Secretary to Municipal Administration and also Urban Development Arvind Kumar assessed the plans made by the area Collectors, HMDA (Hyderabad Metropolitan Development Authority) and also TSIIC (Telangana State Industrial and also Investment Corporation) for the public auction.
The notice for the public auction of 19 buildings in 10 areas will certainly be released on October 11 and also the real public auction of the lands will certainly be done on November 14 in both– physical and also e-auction layout.
The Collectors of Adilabad, Kamareddy, Mahbubnagar, Nizamabad, Nalgonda, Karimnagar and also Vikarabad notified the Secretary their preparedness to auction the lands.
HMDA and also TSIIC will certainly carry out the public auction of the lands in the GHMC limitations.
Arvind Kumar advised the authorities to quicken the pending authorizations, development operates in the determined lands and also make sure the information of the stories, designs, website brows through, public auction treatments and also various other vital details pertaining to the suggested public auctions must be published on the web sites.
Officials stated that cash made via land public auctions will certainly be made use of for the Dalit Bandhu plan which got on hold for the previous 4 months in the state as a result of absence of funds.
