TUDA to auction 145 acres of Surappakasam lands near Tirupati
Real Estate

TUDA to auction 145 acres of Surappakasam lands near Tirupati

The Tirupati Urban Development Authority (TUDA) is preparing to auction off Surappakasam lands, which span 145 acres in Renigunta Mandal near Tirupati, in a phased manner to collect Rs 300 crore.

TUDA vice-chairman S Hari Krishna told media that following the approval of TUDA chairman Dr Chevireddy Bhaskar Reddy and the state government of Andhra Pradesh, a total of 971 plots, including 876 residential plots and 95 premium plots, will be put up for e-auction in a transparent manner starting March 5.

Padmavathi Nagar TUDA township, which is only 10 km from Tirupati airport and 11 km from the railway station, has been named after the renowned township. The plots have been divided into six separate categories, with plots designated for both the economically disadvantaged and the high-income groups by TUDA.

While TUDA will commence an e-auction procedure to bid for the plots on March 5th, the full auction process will be carried out in stages to raise about Rs 300 crore.

TUDA wants to invest around Rs.100 crore to establish roads, build different amenities, and infrastructure within the township using monies raised from the sale of plots. The landscaping effort includes the creation of nine parks throughout the township.

The Tirupati Urban Development Authority, or TUDA, is a government entity that serves as the primary planning authority for Tirupati and its surrounding districts in Andhra Pradesh, India.

Image Source

Also read: SEBI extends properties auction deadline of Kerala Housing Finance

The Tirupati Urban Development Authority (TUDA) is preparing to auction off Surappakasam lands, which span 145 acres in Renigunta Mandal near Tirupati, in a phased manner to collect Rs 300 crore. TUDA vice-chairman S Hari Krishna told media that following the approval of TUDA chairman Dr Chevireddy Bhaskar Reddy and the state government of Andhra Pradesh, a total of 971 plots, including 876 residential plots and 95 premium plots, will be put up for e-auction in a transparent manner starting March 5. Padmavathi Nagar TUDA township, which is only 10 km from Tirupati airport and 11 km from the railway station, has been named after the renowned township. The plots have been divided into six separate categories, with plots designated for both the economically disadvantaged and the high-income groups by TUDA. While TUDA will commence an e-auction procedure to bid for the plots on March 5th, the full auction process will be carried out in stages to raise about Rs 300 crore. TUDA wants to invest around Rs.100 crore to establish roads, build different amenities, and infrastructure within the township using monies raised from the sale of plots. The landscaping effort includes the creation of nine parks throughout the township. The Tirupati Urban Development Authority, or TUDA, is a government entity that serves as the primary planning authority for Tirupati and its surrounding districts in Andhra Pradesh, India. Image Source Also read: SEBI extends properties auction deadline of Kerala Housing Finance

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?