HMDA Approved Open Plots auction in Hyderabad

HMDA Open Plots for Sale by Auction in Hyderabad

The Hyderabad Metropolitan Development Authority (HMDA) has issued a notification for the auctioning of plots. The Municipal Administration Minister Mr. KT Rama Rao released an e-auction and e-tender brochure for a total of 229 plots from 31 layouts consisting of a total area of 1.16 lakh sq. yds. on Monday. Of the 229 plots, HMDA got 88 plots through gift deeds from private developers, and 141 plots from HMDA layouts.

The media was informed about the e-auction on Tuesday in Budda Poornima project office by the estate officer Mr. Gangadhar and HMDA Commissioner Mr. T. Chiranjeevulu. The announcement of the e-auction was made to ensure transparency and accountability in the sale of lands.

The participants are required to log in to the website www.mstcecommerce.com and file an e-tender by quoting the price for the desired plot. The auction process will be held by the Central Government unit M.S.T.C Limited, without any interference by HMDA.

The buyers who are participating in e-auction can know in detail about the process of registrations through the website without visiting to HMDA office.

For more details on this registration process, the buyer can call MSTC Additional General Manager, Renu Purushotham (Ph: 8884406412), Senior Manager Jameel Akhtar (Ph: 9391057727), Managers, Anirudh (Ph: 9177067332) and Krishna (Ph: 8330336366). And also contact MSTC office over (Ph: 040-23301049/39).

The buyers who to take part in e-auction will have to register themselves through buyer registration manual in the website. He informed if a buyer has any doubts they can contact in Tarnaka, HMDA helpline office.

E-Auction Schedule:

S.No Auction NO. Start Date and Time Location and Village
1 560 23-04-2018 ; 09:00:00 Bachupally, Dulapally, Mankhal
2 580 23-04-2018 ; 13:00:00 Ameenpur
3 592 23-04-2018 ; 17:00:00 Anatharam, Bhongiri, Ghatkesar, Pocharam
4 606 24-04-2018 ; 09:00:00 Saroornagar, Jalpally / Papayya Kumundam, Mamidipally,
5 704 24-04-2018 ; 13:00:00 Shaikpet, Tellapur, Vanasthalipuram, Shankarpally
6 735 24-04-2018 ; 17:00:00 Attapur, Mushk Mahal, Mailardevpally, Neknampur

HMDA Commissioner Mr. Chiranjeevulu said, "During the e-auction, the participants are required to quote a price more than the optional value. It can be 1.5 to 3.5 times more than the value quoted at the Sub-Registrar Office in that area. If there is only one bid, the auction for that particular plot will be cancelled, and MSTC will start the bidding afresh. The sale of plots is being done through e-auction. The bidding process will be held from 10 April 2018 to 12 April 2018 in three time-slots, 7.00 am to 10.00 am, 11.00 am to 2.00 pm, and 4.00 pm to 7.00 pm.

HMDA Plot Locations:

HMDA has developed 19 layouts consisting of 80,556.36 sq. yds. of land area with 141 open plots in prime localities. HMDA Plots are in areas like Bachupally, Tellapur, Mylardevpally, Gopanpally, Jubilee Hills, Neknampur, Vanasthalipuram, Saroornagar, Miyapur, Attapur, Chandanagar, Shaikpet, Shankarpally, Mamidipally, Buvanagiri, Mankhal, and Ameenpur.

Further, an online auction of plots in Uppal Bhagath layout will be held in next month by the Hyderabad Metropolitan Development Authority (HMDA). The layout has a total land area of 1.10 lakh square yards with 300 plots. With this auction they are expecting to generate Rs 300 crore on issued plots. A notification in this auction will be issued shortly.

Plot auction dates increased by HMDA:

With the appeals from prospective home buyers, especially from other States and the NRIs, Hyderabad Metropolitan Development Authority (HMDA) has extended the dates of open plots auctioning.

The notification of HMDA open plots layout auction known by many parts of the city so it has extended the registration date and payment of EMD to April 18. Based on that, the e-auction will be conducted from April 20 to 22 against the before announced dates (April 10 to 12).

HMDA plots are available in different sizes and are affordable. It will cater the budgets of low and middle-class segments. The buyer can choose depending on plot sizes and locations. Know more about HMDA plots auction brochure.

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By: Shailaja K