HYDERABAD: The
Hyderabad Metropolitan Development Authority (
HMDA) has issued a notification for auctioning of 229 open plots in various layouts developed by the authority and also acquired through gift deeds. The sale of plots is being done through eauction from April 10-12.
HMDA metropolitan commissioner
T Chiranjeevulu on Monday said they are expecting to raise ?300 crore through the sale of plots and use the money for developmental projects. HMDA will soon auction developed plots in
Uppal layout near
Nagole.
He said prospective buyers can download tender documents and applications till April 7. “Those who want to take part in the e-auction can register themselves by paying ?10,000,” he said.
Chiranjeevulu said the upset price fixed for each plot is less than the market price. If there is just one bid, auction for that particular plot will be cancelled. Municipal administration minister
KT Rama Rao and principal secretary
Arvind Kumar released the ebrochure on the auction.
Representative image 
