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38 open plots to be auctioned by the HMDA

#Taxation & Finance News
Last Updated : 9th Jan, 2023
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Synopsis

The Hyderabad Metropolitan Development Authority (HDMA) has announced it would be conducting an of auction of 38 open plots, located at the periphery of the city via sessions scheduled for 18th January 2023. The pre-bid meeting was held earlier this month which was attended by over 100 prospective bidders. The plot sizes range from 252 square meters to 800 square meters and have a total revenue potential over almost Rs 1,000 crores. The plots are in areas such as Nallagandla, Isnapur, Ameenpur, Patelguda, Sultanpur, Bachupally and Moosapet to name a few.

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The Hyderabad Metropolitan Development Authority (HDMA) has announced it would be conducting an of auction of 38 open plots, located at the periphery of the city via sessions scheduled for 18th January 2023. The pre-bid meeting was held earlier this month which was attended by over 100 prospective bidders.




The plot sizes range from 252 square meters to 800 square meters, and have a total revenue potential over almost Rs 1,000 crores. The prices for these plots will range from Rs 10,000/- to Rs 1,50,000/- per square meter depending upon the location of it. The plots are located in areas such as Nallagandla, Isnapur, Puppalguda, Chandanagar, Kokapet, Ameenpur, Patelguda, Sultanpur, Bachupally and Moosapet to name a few.



The Hyderabad Metropolitan Development Authority (HMDA) is a government agency responsible for the planning and development of the Metropolitan region of Hyderabad, India. It was formed in 2008, and its jurisdiction includes the city of Hyderabad and parts of the surrounding districts. The HMDA's responsibilities include the preparation of development plans, the regulation of land use, the provision of infrastructure, and the promotion of sustainable development in the region.
Next (RBI reports 3.1% rise in India�s housing prices with Kolkata in the lead)

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