Hyderabad: HMDA set to auction open plots in Kokapet

Hyderabad: Hyderabad Metropolitan Development Authority (HMDA) is all set to conduct an e-auction of seven open plots in Kokapet on August 3, 2023. The pre-bidding meeting is scheduled to be conducted on July 20, 2023.

The minimum upset price is set at Rs. 35 crore per acre. The last date for registration for the open plots is July 31, 2023.

Who is eligible for the auction?
In order to take part in the auction process for open plots in Kokapet, individuals or companies need to satisfy certain conditions. They must be eligible to build/own commercial/multipurpose properties in India and must be competent to enter into the contract.

n the auction, Foreign Direct Investment (FDI) of up to 100 percent is permitted on automatic route.