Telangana Govt e-auction 13 Prime Plots

On behalf of the State government, the Hyderabad Metropolitan Development Authority (HMDA) and Telangana State Industrial Infrastructure Corporation (TSIIC) are all set for mega e-auctioning of 13 prime plots in Kokapet and Khanamet. The layout is named as ‘Neopolis Layout’.  Through e-auctioning of plots, the HMDA is expecting to raise anywhere between Rs 2,000 crore and Rs 2,500 crore through 13 plots spread over of 64.93 acres of land. The HMDA has put up its eight plots (49.91 acres) in Kokapet and five plots in Khanamet (15.01 acres) belonging to TSIIC for auctioning. The e-auctioning of Kokapet plots will be held on July 15 while Khanamet plots will be on July 16. The amount that will be realised from e-auction will be handed over to the State government. The move to auction the government lands comes after the State Cabinet directed concerned departments to take immediate action on the sale of vacant government lands. HMDA has spent Rs 300 crore towards infrastructure development for plots in ‘Neopolis Layout’. The project highlights include 100 per cent clear assured title of the government land, absolute ownership of the land, time-bound fast-track approvals in single window, unlimited FSI, multiple use zone for office space, IT, residential, institutional, commercial and mixed use.