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Hyderabad News.Upcoming Land Auction by HMDA in Khanamet and Puppalaguda - Hyderabad. 54th Sept Last Date for Bids


(Excl Ventures News.)Telangana government is looking at e-auctioning a total of 35 plots spread across 117.35 acres in Khanamet (near Hitex) and Puppalaguda (near ORR) with an upset price of Rs 35- Rs 40 crore per acre. This is expected to fetch the government a minimum of Rs 4,000 crore depending on the outcome.

While 22.79 acres of land parcels will be e-auctioned at Khanamet on September 27, the Puppalaguda land parcels will be spread across 94.56 acres and e-auction will happen on September 28.
The last date for registration and last date of payment of EMD or pre-bid amount for the both the sites are set for September 25. Prospective buyers can visit the site from September 1 to September 24.

Located closer to the Outer Ring Road (ORR) in the heart of West Hyderabad, the land parcels are surrounded by commercial hubs, recreational zones and transportation facilities.

The notification also mentioned that both the sites are in the heart of the central business district (CBD) and can be auctioned for multiple uses ranging from office space to residential to institutions to commercial and mixed purposes.

In the previous e-auction held in July, a total of 13 land parcels spread over 64.93 acres were e-auctioned and the government had garnered Rs 2,700 crore.
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