The HMDA
(Hyderabad Metropolitan Development Authority) has finalised plans to sell
plots through electronic bidding and sealed tender approach.
The HMDA has
notified that 42 plots are located in the prime areas of the twin cities of
Hyderabad & Secunderabad at Nandagiri Hills, Tellapur, Gopannpally,
Miyapur, the latter three close to IT hubs and other locations.
These plots are
meant for residential, group housing, commercial use & for service
establishments.
The upset price
for Nandagiri plots of land is ranging from Rs. 9,000 to Rs. 25,000 for a
square yard and for one acre site the starting price for bid is Rs. 18 crore
for an acre.
According to the
notification, the proposed plots of land for bidding are in well developed
layouts with all basic amenities and will be sold as is where is basis.
Those interested
can either access information through the authority website & follow up the tender process or directly get
in touch with certain designated officers including Estate Officer &
Assistant Town Planning Officer. The date of commencement of the process has
been notified as July 14, 2012. While the time for closure is August 7, 2012
the bids will be opened on August 8, 2012. These interested have to deposit
earnest money of 10% of the total upset price.
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