HYDERABAD: The e-auction of an acre of open commercial land held by the Telangana Housing Board fetched the state govt over Rs 65.3 crore. The auction for plot number 1 in Phase 4 of the Kukatpally Housing Board, held on Wednesday, attracted 11 bidders.
The Institute of Chartered Accountants of India (ICAI), a statutory body that governs the chartered accountancy profession in the country, won the bid among the four online bidders.
VP Gautham, vice-chairman of the Telangana Housing Board, said that the identities of the parties involved in the auction were not disclosed until the end of the online bidding. He also announced that the state govt earned revenues amounting to Rs 26 crore by selling Rajiv Swagruha Corporation flats in Bandlaguda on Wednesday.
On Wednesday, 131 of the 159 remaining flats at Rajiv Swagruha Corporation at its Bandlaguda township were sold and allotted to middle-class beneficiaries through a lottery, said Gautham, the managing director of Rajiv Swagruha Corporation.
Meanwhile, on June 11, the Housing Board conducted a land auction for 18 vacant plots in Phase 7 of the Kukatpally Housing Board Colony in Greater Hyderabad. Plot number 22 was sold at a record price of Rs 2.98 lakh per square yard, with officials claiming that the city’s real estate sector is booming. A total of 6,232 square yards were auctioned for these 18 plots, with an average price of Rs 2.38 lakh per yard, and the highest price of Rs 2.98 lakh was paid for Plot number 22.
Furthermore, Gautham said that the main purpose of the auction was to provide affordable housing to middle-income groups on a no-loss-no-profit basis, in line with the state govt’s aim of providing housing at affordable rates in urban areas for the middle classes.
The unsold flats included 19 one-bedroom apartments and nine flats for senior citizens. According to sources, this could be due to inappropriate Vastu and entrance. The govt will make a final decision on the remaining flats. Five auctions have been held in over a decade to sell the 2,700-odd 3-BHK, 2-BHK and 1-BHK flats, as well as flats for senior citizens, in Bandlaguda township. Only 28 flats remain. The auction and draw of lots for the flats in Pocharam township will be held on Aug 1 and 2.
