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Updated: July 14, 2012 08:20 IST

HMDA plot auctions in Hyderabad from today

Special Correspondent
Comment (1)   ·   print   ·   T  T  
The Hindu

Interested bidders would have to deposit 10 per cent of the total plot value as earnest money deposit and bids would be opened on August 8.

A total of 42 plots located in different parts of the city and suburbs go under the hammer from Saturday with the cash-strapped Hyderabad Metropolitan Development Authority (HMDA) hoping to generate around Rs.120 crore through their auction.

The schedule announced here on Friday provides the option of both online bidding and submission of sealed tenders with the last date for bidding being August 7.

Interested bidders would have to deposit 10 per cent of the total plot value as earnest money deposit and bids would be opened on August 8.

Announcing the details, HMDA Commissioner Neerabh Kumar Prasad said the plots were located at Nallagandla, Tellapur, R.C.Puram, Gopanapally, Miyapur, Asifnagar and Nandagiri Hills.

Those preferring to participate in e-bidding have been provided with facilities to upload necessary documents and also online transfer of the EMD. Successful bidders, with certain conditions, would be given 90 days time to take care of complete payment. “This time, we are providing all relevant details such as dimension of plots, facing, access road width, setbacks and height restrictions on our website and there is a FAQ column with a dedicated email for queries,” said Mr. Prasad. NRIs making bids for these plots would have to provide details about their authorised representative here.

In case of more than one bid made with same amount, an auction would be held to declare the successful bidder. Mr. Prasad assured that the unsuccessful bidders would be returned their EMD within two working days after the opening of the bids.

According to a new provision, the second and third bidders in the list could opt to keep their EMD with the HMDA and be in the contention if the first successful bidder fails to make payment in the prescribed time limit.

Nandagiri Hills plot measuring 4.695 acres has been put for auction at an upset price of Rs.18 crore per acre as against Rs.23 crore per acre which failed in last auction. The Metropolitan Commissioner said the idea of breaking it into smaller pieces was not found feasible by the engineering team.

Mr. Prasad also made it clear that the plots came with a clear title and a team of officials from town planning, engineering and revenue went through each of the plot to verify and inspect all aspects.

Keywords: HMDAplot auction

More In: Hyderabad

Sir,It is welcome that,theHMDA,has made all arrangements for the auction,and has provided, additional,information such as,Dimentios of plots,size,and facing etc this time.Still,itis felt that,it would have been more convenient,had the HMDA,published the location of site area map of for understanding and to deceide, whether it would be usefull to him,and to go in for auction or not.Take the,example,of Asif Nagar.,the HMDA says the plot is in the new lay out.Unless,the prospective bidder knows,old lay out,how can he know the new layout. untill, he sees the plot,location,environment,soilconditions, neighbourhood,proximity to road etc,he, is going to purchase,he will bein a dialima.In the Asif Nagar,plot case,as already said un-less, old phase is known,it isdifficult toidentify,A resident ofout side Asif Nagar,can not decide its utility or other wise,simply going by HMDA information.Hope it is clear,for the HMDA,to catch,the pulseof public,and act. It maybe taken as an advice.

from:  R.N.Dandu
Posted on: Jul 14, 2012 at 14:04 IST
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