A day after e-auction of Uppal Bhagat lands fetched Rs 141.61 crore, 21 medium and bigger size plots that went under the hammmer on the second day of auction fetched Rs 333 crore for the Hyderabad Metropolitan Development Authority on Friday.
The Hyderabad Metropolitan Development Authority was richer by Rs 474 crore revenue in two days of auction.
Officials were enthused by the good response to the auction as it fetched Rs 474 crore for a single layout at Uppal Bhagat. In the earlier auction from the same layout, the HMDA earned Rs 1,000 crore revenue.
Sources said buoyed by the response to the land auctions, the HMDA is planning to conduct auctions in identified layouts in the western part of the city soon.
HMDA officials said the highest bid was Rs 1.01 lakh per square yard as againgst the upset price of Rs 35,000 per square yard while the lowest bid stopped at Rs 36,000. On Thursday, the HMDA got the same highest amount of Rs 1.01 lakh per square yard while the lowest bid was Rs 53,000 per square yard. In the two days of auction, the average bid amount was Rs 55,000 per square yard.
The 21 plots, totalling 1,15,689 square yards, auctioned on the second day were in the range of 150 square yards to 15,149 square yards. Sources said the notified plots include residential plots (21), shopping-cum-entertainment (four) and multi-purpose use (15).
The successful bidder will have to pay 25% of the bid amount within one week after getting the allotment letter and clear the balance in phases.
