+
Hyderabad: Auction Of 1,400 Shops In 2BHK Colonies
Real Estate

Hyderabad: Auction Of 1,400 Shops In 2BHK Colonies

The Telangana government will commence open auctions from April nine for more than 1,400 shops located in two BHK (two-bedroom, hall and kitchen) housing colonies within the Telangana Core Urban Region (TCUR). The shops are situated across 36 colonies in Hyderabad, Ranga Reddy, Medchal–Malkajgiri and Sangareddy districts, and district collectors have issued notifications to conduct the sales. The programme is intended to regularise commercial activity within residential layouts while enhancing convenience for residents.

As part of the first phase, auctions for 273 shops in eight colonies of Ranga Reddy district will be held on April nine and ten. Further auctions are scheduled on April 15 and 16 for Hyderabad district covering 10 colonies and 77 shops, on April 15 and 17 for Medchal–Malkajgiri district covering 12 colonies and 892 shops, and on April 15 to 18 and 21 for Sangareddy district covering six colonies and 372 shops. The shops range from 60 to 400 square feet and have been constructed within residential colonies to meet daily requirements and promote local business activity.

The Housing Corporation managing director has indicated that the shops will be sold on an as is where is basis with minimum prices set below prevailing market rates to encourage participation. Prospective bidders are required to visit colonies to select suitable premises and to register for auctions by submitting the prescribed earnest money deposit at the relevant revenue divisional office before 11:00 AM on the scheduled dates. Registration formalities and auction procedures will be overseen by district officials to ensure transparency.

Proceeds from the sales will be utilised exclusively for the development and maintenance of the respective housing colonies, and the creation of shop premises is expected to generate employment opportunities for local residents. Officials have emphasised that the initiative aims to ensure easy access to essential goods and services within colonies while strengthening community infrastructure. District Housing Project Directors have been named as points of contact for further information.

The Telangana government will commence open auctions from April nine for more than 1,400 shops located in two BHK (two-bedroom, hall and kitchen) housing colonies within the Telangana Core Urban Region (TCUR). The shops are situated across 36 colonies in Hyderabad, Ranga Reddy, Medchal–Malkajgiri and Sangareddy districts, and district collectors have issued notifications to conduct the sales. The programme is intended to regularise commercial activity within residential layouts while enhancing convenience for residents. As part of the first phase, auctions for 273 shops in eight colonies of Ranga Reddy district will be held on April nine and ten. Further auctions are scheduled on April 15 and 16 for Hyderabad district covering 10 colonies and 77 shops, on April 15 and 17 for Medchal–Malkajgiri district covering 12 colonies and 892 shops, and on April 15 to 18 and 21 for Sangareddy district covering six colonies and 372 shops. The shops range from 60 to 400 square feet and have been constructed within residential colonies to meet daily requirements and promote local business activity. The Housing Corporation managing director has indicated that the shops will be sold on an as is where is basis with minimum prices set below prevailing market rates to encourage participation. Prospective bidders are required to visit colonies to select suitable premises and to register for auctions by submitting the prescribed earnest money deposit at the relevant revenue divisional office before 11:00 AM on the scheduled dates. Registration formalities and auction procedures will be overseen by district officials to ensure transparency. Proceeds from the sales will be utilised exclusively for the development and maintenance of the respective housing colonies, and the creation of shop premises is expected to generate employment opportunities for local residents. Officials have emphasised that the initiative aims to ensure easy access to essential goods and services within colonies while strengthening community infrastructure. District Housing Project Directors have been named as points of contact for further information.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code