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Hyderabad News.Another Mega Plot Auction in Uppal near Nagole. HMRL to auction part of the Precast Concrete Yard
(Excl Ventures News.)Hyderabad Metro Rail Limited (HMRL) will auction 42 acres of land in Uppal Bhagat and mop up Rs 600 crore. The nodal agency has floated tenders for development of the project.
HMRL used the site to prepare pre-cast structures such has viaducts and pillars for the Metro Rail corridors. The agency will conduct e-auction for about one lakh square yards dividing them into blocks of 200, 300 and 600 square yards.
HMRL will develop 20 acres of land in phase 1 and 22 acres in phase 2. It has started laying 40, 60 and 100 feet roads at the site. Providing amenities like green avenues, public parks and drinking water and sewerage connections are in the pipeline.
The the market price of a square yard in the locality is Rs 60,000. The company is targeting to mop up 300 crores by auctioning the Phase 1 land Comment :
Keyword Tags Hyderabad News,Uppal Bhagath, Nagole HMRL land Auction
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