A recent E-auction of 218 prime plots in Bachupally, near the Outer Ring Road (ORR), and Medipally layouts, both located in the Medchal-Malkajgiri district, will be held by the HMDA.
The E-auction comprises 373 residential plots in Manneguda, Munaganoor, Kawadipally, and Chandanagar.
They will be taken up by the Rangareddy district administration in collaboration with the Telangana State Industrial Infrastructure Corporation (TSIIC) and HMDA.
An amount of Rs. 450-Rs. 500 crores will be generated from these E-auctions while the HMDA plans to announce another e-auction of plots in Shabad and Mokila in the Rangareddy district.
The HMDA has entrusted MSTC Limited, a Government of India enterprise, with auctioning these plots.
Rs. 25,000 per sq. yd for Bachupally plots and Rs. 32,000 per sq. yd for Medipally plots, with an increment bid of Rs. 500 per sq. yd set by the authority.