The Real Estate Value of Hyderabad will be revealed in a week as Telangana State Industrial Infrastructure Corporation (TSIIC) has decided to take up an auction of big land parcels, especially in the upmarket areas of the city.
Six big land parcels totaling 15 acres have been identified in Raidurg, Hi-Tec City and Khanamet areas for the e-auction to be held on May 18. TSIIC is hoping for a whopping 1000 Crore revenue from this auction and if it reaches there, the real boom can be considered intact.
But then, the government’s reserve price is too high and is even more than the market price in some cases, this may prevent people from bidding. Many people prefer buying government land as the title will be clear and it is free from litigation.
