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Telangana Housing Board to Auction Plots & Flats from Oct 6

HYDERABAD: The Telangana Housing Board is set to auction plots and flats within the GHMC limits, including locations such as Nizampet, Bachupally, and Chintal, starting Monday. Some properties will be auctioned publicly, while others will be available through e-auction. The Housing Board has been actively auctioning land over the past five months to support the Indiramma Housing Scheme for the underprivileged. Sources indicate that the corporation is expected to transfer ₹1,618 crore to the government for the Indiramma scheme. Officials announced that residential properties in Chintal, Nizampet, and Bachupally will be available for open auction, following a notification issued on…

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Gachibowli plot sells for ₹33 crore at ₹2.2 lakh/sq yard

HYDERABAD: The real estate market in Hyderabad shows signs of resurgence as the Telangana Housing Board successfully sold a commercial plot for Rs 33 crore and another for Rs 11 crore in Gachibowli. The board held an auction on Monday, offering plots in Gachibowli, Chintal, Nizampet, among others, generating a total revenue of Rs 65 crore. According to Telangana Housing Board (THB) commissioner VP Gautam, one commercial plot spanning 1,487 square yards in Gachibowli was sold at Rs 2.20 lakh per square yard, bringing in Rs 33 crore. The government had initially set an upset price of Rs 1.20 lakh…