Hyderabad: The grand plans of the Hyderabad Metropolitan Development Authority to become self-sustainable through e-auction and Land Pooling Scheme has encountered a problem ever since the dissolution of the state assembly. This has had a major impact on the several developmental activities that had been taken up by the Authority.
The HMDA had set a target of Rs 2,000 crore revenue generation for the current financial year in order to take up several developmental activities including Inter City Bus Terminal (ICBT) at Miyapur, Night Safari, transit-oriented growth centres and others. However, realtors, mostly politicians, were not ready to participate in the bidding or give their consent to the land pooling to HMDA.
Officials claimed that the poll impact was clearly evident in the e-auction with lukewarm response from bidders despite extending the registration date by 10 days.
E-auction involves selling 95 plots to garner about Rs 550 crore.
Officials said that both e-auction and land pooling were time consuming processes and once they had invested as bidders/property owners, they were not able to sell them during an emergency, particularly during the poll season. Highly placed sources in the HMDA said that the poll season had badly affected revenue sources of the Authority.
The HMDA had decided to mop up Rs 550 crore by auctioning plots spread over 1.44 lakh square yards. The HMDA had decided to e-auction the Uppal Bhagat plots in three phases.
During the first phase, there were as many as 67 plots (1.31 lakh square yards) in survey numbers 390,391/P, 392, 393, 394/P, 402, 403/P to 407/P, 408, 409/P to 411/P, 412 to 414,416,417,420,421 to 423, 424/P and 425 to 429. Besides this, the Authority also had decided to auction six plots in Mailardevpally, two plots in Neknampur residential complex, two in Attapur residential complex, two in Anantaram, two in Bachupally, seven in Dhulapally and others in Tellapur residential complex, Vanastalipuram residential complex, Nallagandla residential complex and Chandanagar residential complex. The HMDA had fixed an upset price of Rs 28,000 and the bidder who was participating in the auction had to quote Rs 100 more than the upset price.
Citing the lukewarm response from the bidders, the HMDA had even extended the e-auction registration date by 10 days. The HMDA had extended the last date for registration and payment of earnest money deposit (EMD) for e-auction of Uppal Bhagat and other plots to September 18 till 5 pm....