After mopping up ₹ 2,729 crore through sale of 65 acres of prime land in the limits of Greater Hyderabad Municipal Corporation last year, the Telangana government has embarked upon one more round of land auction for 1,408 plots mainly in nine districts other than GHMC to raise about ₹800 crore.
The lands to be auctioned were open-plots left unused in the Rajiv Swagruha housing scheme for middle income groups in the previous Congress regime. The then government had proposed to fix the land price at 25 per cent less than the market value, construct houses and allot them to targeted groups at fifteen locations, including GHMC, but the programme fell through with large tracts of open spaces and houses abandoned either at construction stage or after completion.
Therefore, the government has now come up with layouts for 1,405 house sites of smaller sizes in nine districts and three sites of 6,500 sq yds each for apartments and commercial complexes in Serilingampalli zone of GHMC. The auctions to take place from March 13 to 17 will be supervised by Hyderabad Metropolitan Development Authority and Telangana State Industrial Infrastructure Corporation (TSIIC) in view of their experience in e-auction of lands at Khanamet, Kokapet, Uppal Bhagayat and Puppalaguda of GHMC that earned record earning for government last year. .
