Telangana sets Rs 25 cr as upset price for land auction in Greater Hyd
Real Estate

Telangana sets Rs 25 cr as upset price for land auction in Greater Hyd

For the first phase of land auctions in Kokapet and Khanamet, Greater Hyderabad, the state government has set an upset price (minimum price to be quoted) of Rs 25 crore per acre.

While the total upset price for the 65 acres is Rs 1,625 crore, the government expects to net around Rs 3,000 crore from the e-auctions on July 15.

The Hyderabad Metropolitan Development Authority (HMDA) and the Telangana State Industrial Infrastructure Corporation (TSIIC) have announced the sale of 13 land parcels in Kokapet and Khanamet's Neopolis and Golden Mile projects.

MSTC Ltd will assist the state government with the e-auctions. While registrations began on June 15, there will be a pre-bid meeting on June 25.

Among the plots slated for auction, the smallest of the plots up for auction is a one-acre plot in Neopolis, while the biggest is an 8.94 acre plot in Neopolis.

The government stated that prospective bidders must quote a minimum of Rs 20 lakh over the upset price.

TSIIC and HMDA bid participants have fixed the EMD at Rs 5 crore and the registration fee at Rs 23,600 and Rs 11,800 respectively.

Since the bidding amount is huge, the government has decided to allow successful bidders to pay in instalments. The notification said, bidders will pay 33% of the total bidding amount as a first instalment within seven days, another 33% as a second instalment within 60 days, and the final and balance amount before October 25.

Image Source


Also read: CIDCO to auction plots for residential, commercial development in Mumbai

Also read: Pimpri Chinchwad Municipal Corporation to add 1,300 hectares of land

For the first phase of land auctions in Kokapet and Khanamet, Greater Hyderabad, the state government has set an upset price (minimum price to be quoted) of Rs 25 crore per acre. While the total upset price for the 65 acres is Rs 1,625 crore, the government expects to net around Rs 3,000 crore from the e-auctions on July 15. The Hyderabad Metropolitan Development Authority (HMDA) and the Telangana State Industrial Infrastructure Corporation (TSIIC) have announced the sale of 13 land parcels in Kokapet and Khanamet's Neopolis and Golden Mile projects. MSTC Ltd will assist the state government with the e-auctions. While registrations began on June 15, there will be a pre-bid meeting on June 25. Among the plots slated for auction, the smallest of the plots up for auction is a one-acre plot in Neopolis, while the biggest is an 8.94 acre plot in Neopolis. The government stated that prospective bidders must quote a minimum of Rs 20 lakh over the upset price. TSIIC and HMDA bid participants have fixed the EMD at Rs 5 crore and the registration fee at Rs 23,600 and Rs 11,800 respectively. Since the bidding amount is huge, the government has decided to allow successful bidders to pay in instalments. The notification said, bidders will pay 33% of the total bidding amount as a first instalment within seven days, another 33% as a second instalment within 60 days, and the final and balance amount before October 25. Image Source Also read: CIDCO to auction plots for residential, commercial development in Mumbai Also read: Pimpri Chinchwad Municipal Corporation to add 1,300 hectares of land

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?