+
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
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code