Monday, May 23, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Hyderabad Realty Propel To The Top

Hyderabad realty propel to the top

By Nabinder Bommala
Published: Published Date - 06:51 PM, Fri - 18 March 22

Hyderabad: The various policies and measures of State government including Growth in Dispersion policy, Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) and Telangana State Building Permission Approval and Self-Certification System (TS-bPASS) apart from propelling Hyderabad realty to the top have also resulted in real estate growth in different parts of the State.
The e-auction that commenced on March 14 and concluded on March 17 is one such example where plots located in different parts of the State saw great demand. During the four-day auction, 1,356 plots went under the hammer and 1,227 plots were successfully bid promising to generate Rs 567.25 crore.

Though initial expectations were for Rs 399.46 crore through the auctions, the biddings went up and high to surpass the expectations and Rs 567.25 crore is promised to be generated through the auction of 3.32 lakh square yards in Bahadurpally, Thorrur, Nalgonda, Mahabubnagar, Jogulamba Gadwal, Kamareddy, Peddapalli, Adilaabad and Vikarabad.

In addition to government policies, the prevailing law and order situation in the State, a horde of developmental works, schemes for all sections of the society are also seen as the key factors for the realty growth, said real estate industry experts including members of Confederation of Real Estate Developers Association of India (CREDAI).

“The sale percentage of the auction is 90.49 per cent which is very impressive and the policies adopted by State government are also the reason for real estate growth. As the plots are encumbrance-free lands with clear titles owned by the State government the building permits are also granted easily contributing to the success of the auction,” said CREDAI general secretary V Rajashekar Reddy.
According to the Hyderabad Metropolitan Development Authority (HMDA), Rs 334.72 crore was generated from the auction of the plots located in Thorrur layout in the eastern parts of the city and Bahadurpally layout in the northern part of the city.

The highest revenue of Rs.194.49 crore was generated through the auction of 220 plots at Thorrur, followed by Rs.140.23 crore through the auction of 77 plots at Bahadurpally.

The average bid price in Thorrur was Rs.27,890 per square yard, while the average bid price in Bahadurpally was Rs.30,087.79 per square yard. Meanwhile, the highest of Rs 50,000 per square yard was bid for a plot in Thorrur and the second-highest bid of Rs 38,500 was for a plot in Bahadurpally.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • Adilaabad
  • Bahadurpally
  • CREDAI
  • Hyderabad

Related News

  • Hyderabad’s Malkam Cheruvu turns idyllic spot

  • Hyderabad: Swanky skywalk to ease pedestrian woes at Mehdipatnam

  • Hyderabad: Woman kills step son at Kachiguda

  • Siddipet: Two youth drown in Kondapochamma Sagar

  • MANUU to organise three-day national conference on Gender and Inclusion

  • YMCA Secunderabad enters semis of Hyderabad Open basketball tournament

Latest News

  • Sensex jumps 311 points in early deals; Nifty gains over 83 points

    14 mins ago
  • Ukrainian Parliament extends martial law by 90 days

    29 mins ago
  • India records 2,022 new COVID-19 infections, 46 fatalities

    44 mins ago
  • Will Smith discusses ‘trauma’ with David Letterman in interview shot before Oscars incident

    59 mins ago
  • Fake ornaments make bride in Uttar Pradesh throw a fit

    1 hour ago
  • Cannes 2022: Female protestors disrupt Red Carpet event, unleash smoke grenades

    1 hour ago
  • Vivo launches Y75 4G smartphone in India with MediaTek chipset

    2 hours ago
  • SSC exams commence at 2861 centres in Telangana

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam