₹78 Crore Raised from Nagole, Ghatkesar Housing Sales; 189 Hyderabad Outskirts Plots Up for Auction

Fast Summary

• Telangana Rajiv Swagruha Corporation raised ₹78 crore through the sale of 401 flats in pocharam (Ghatkesar) and Bandlaguda (Nagole).
• A notification for the flat sale was issued on July 4, with lotteries held for properties that had multiple applicants. Sole applicants were directly allotted flats.
• The sale generated ₹26 crore through 131 Bandlaguda flats, while the remaining revenue came from Pocharam. Both projects followed a “no profit no loss” pricing model.
• Due to public requests, the submission deadline for unoccupied flats in both projects was extended to August 8, with allocation based on a “first come first serve” basis for 1 and 2 BHKs.
• The corporation plans a three-day auction of open plots (over 200 square yards) starting August 4:

– Kurmalguda (20 plots) on August 4.
– Bahadurpally (69 plots) on August 5.
– Thoroor (100 plots) on August 6.

Indian Opinion Analysis

The Telangana Rajiv Swagruha Corporation’s approach exemplifies efficient asset monetization by leveraging existing real estate without incurring losses or excessive profits. by addressing public demand with extensions like the new deadline and adopting transparent lottery processes,such initiatives confirm compliance with people-centric governance practices.

The staggered auctioning of open plots could further boost government revenue while potentially aiding urban sprawl development around Hyderabad.However, proper planning will be essential to ensure infrastructural readiness in these expanding suburbs to make them livable hubs rather than isolated townships. this initiative signals a pragmatic step toward enduring urban housing expansion.Read More