The Hyderabad Metropolitan Development Authority (HMDA) had recently received Rs. 33.06 crores as revenue through the e-Auction of plots at the Shabad layout. 

The amount generated was more than two times its base value, said the HDMA. 

The HMDA had proposed a residential layout of 100 acres, 2 km from the Shabad town in Ranga Reddy district. 

During the online bidding process, a total of 50 open plots were put to e-Auction through M/s MSTC. 

The plots ranged from 300 sq yards, and the total area put to e-auction on two sessions was 15,000 sq yards. 

The upset price for the e-Auction was Rs. 10,000 per sq yard with bidding multiples of Rs. 500 per sq yard. 

Also, the total anticipated, estimated value of the saleable area as per the upset price was Rs. 15 crores.