Hyderabad: Khanamet land auction by TSIIC under progress

The upset price per acre is fixed at Rs.25 crore and the increment bid is Rs.20 lakh in the bidding process.

Hyderabad: After the auction of eight prime plots at Kokapet, which generated a record Rs.2,000 crore revenue for the government on Thursday, e-auction of five plots at Khanamet is under progress.

Telangana State Industrial Infrastructure Corporation (TSIIC) is conducting the e-auction of these plots, which are spread over 15.01 acres. The upset price per acre is fixed at Rs.25 crore and the increment bid is Rs.20 lakh in the bidding process.

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The auction is scheduled till 12 noon today but will be continued if the bidding goes on, said a senior official from TSIIC, which has roped in MSTC, a central government organization for conducting the auction.

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