Pressmediaofindia
Related Articles
Hyderabad; July 16 ( PMI ): The State government has garnered Rs 2,000.37 crore in the e-auction of eight plots measuring 49.951 acres of HMDA lands at Kokapet in competitive bidding. The government after getting a green signal from the High Court took up the auction on Thursday. The e-auction was taken up by the MSTC India. According to HMDA officials, the price per acre in the auction was between Rs 31.2 crore and Rs 60.2 crore.
On an average, the bidders spent Rs 40.05 crore per acre in the auction. The plot number 2/P West Part measuring Rs 1.65 acres was quoted highest with Rs 60.2 crore by the Rajapushpa Realty LLP. To overcome the losses due to corona pandemic, the state government had decided to sell lands and mop up revenue. The government would take up the second round of auction of 14.92 acres of land at Khanamet.
