HMDA to once again monetize plots in Bahadurpally of Medchal-Malkajgiri district and Thorrur of Ranga Reddy district.
The auction process is done outside GHMC limits and the responsibility is given to HMDA who has expertise in auctioning and selling the lands and monetizing and filling the exchequer.
A total of 324 plots in both the areas of which 101 plots in Bahadurpally and 223 plots of Thorrur of Medak district. HMDA proposes to develop a total of 1,000 plots in Thorrur and 210 plots in Bahadurpally. Both the layouts are in the multipurpose zone, to be developed by HMDA. Bahadurpally layout will be developed in 40 acres, and Thorrur in 117 acres of land.
E-auction for the Bahadurpally layout is scheduled for March 14 and 15, while the same for Thorrur will be conducted on March 14, 15, 16, and 17.
The online auction will be conducted through the platform of MSTC, a central government undertaking. The minimum upset price for Bahadurpally is fixed at 25,000 and for Thorrur, it is ₹20,000. The minimum bid increment is ₹500 per square yard or multiples thereof.
HMDA’s online auctions have fetched thousands of crores of rupees for the State government. The auction of plots started with plots at Uppal Bagayat layout, extended to the auction of plots at Kokapet and Khanamet areas, together with the TSIIC.