Unperturbed by the poor response to its earlier auction drives, the Hyderabad Metropolitan Development Authority is preparing for a fresh round of auctions. This time the HMDA has decided to auction a few more sites along with those which were not bought earlier. In September, the HMDA put up as many as 99 plots for e-auction of which tenders only 17 were finalised.
Now, HMDA is planning to sell 82 plots, including some new plots in hyderabad. The new sites have been added to the list as a special attraction to woo builders and developers who have not been evincing keen interest in investing in real estate sector off late. Plots up for grabs are located at Nandgiri Hills layout, Asifnagar new layout, Huda Techno Enclave, Madhapur (SectorI), Ramchandrapuram (chandanagar), Tellapur Residential Complex, Nallagandla Residential Complex, Vansthalipuram Residential Complex, Miyapur Residential Complex, Asifnagar(old) Residential complex and Mushk Mahal Residential Complex.
“This time we are adding additional infrastructure features to the land area and auctioning those plots so that people can apply tenders in large numbers. Earlier, plots were auctioned without any infrastructure specifications which yielded a very poor response. The formalities of on-line auctioning will be completed in two days before opening on-line auction in the coming week.
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