HYDERABAD: A month from now, the government will conduct the first phase of eauctions of land on July 15 and is expecting to generate Rs 3,000 crore.
Short on revenues during the pandemic, the state had decided to sell unutilised prime government land to mobilise resources.
In the first phase, 64 acres in Kokapet and Khanamet would be up for sale.
Of the thirteen plots identified for auction, eight plots (49 acres) belonging to Hyderabad Metropolitan Development Authority (HMDA) in neopolis layout and golden mile layout and five plots (15 acres) owned by the Telangana State Industrial Infrastructure Corporation (TSIIC) will be up for grabs.
While a notification for auction will be issued on June 15, a pre-bid meeting will be conducted on June 25.
The last date for submitting bids is July 13 and the auction will be conducted on July 15.
Officials sources said the land plots were chosen from the western parts of the city with a view to rake in more moolah.
They are not only located in a prime area, are close to the outer ring road and financial district, but the land is also useful for setting up IT offices, residential and commercial purposes.
“Instead of smaller plots, big plots between one acre and nine acres will be auctioned as they will be useful for big firms and bigger projects,” sources said.
Also, these plots were chosen in the first phase of auction as both HMDA and TSIIC have developed the layouts, while other layouts need more time to be developed.
Sources said these land plots were selected so that the government will get an idea about real estate boom in the city during the auction.
The government is hopeful of getting a good response to its auction as it is aware of the fact that developers will look for a clear title of the land.
“The government land has 100 per cent clear title.
They (developers) will get single-window clearances for development and get unlimited FSI for their projects, ” a senior HMDA official said.
The erstwhile Hyderabad Urban Development Authority (Huda) conducted land auction in Kokapet under golden mile project in July 2006.
The bidders had paid Rs 678 crore for 166 acres as advance of the total Rs 1,700 crore.
The auction landed in legal wrangles, which were cleared by the Supreme Court three years ago.
Some of the bidders have taken back their advance.
Meanwhile, the government has asked the district collectors to send the lists of unutilised government lands available at the earliest.
Some collectors like Rangareddy collector have already provided the list to the government.