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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code