Hyderabad: HMDA e-auctions nine plots, earns Rs 195.24 crore

Hyderabad: The Hyderabad Metropolitan Development Authority (HMDA) generated a revenue of Rs 195.24 crore through the e-auctioning of nine plots.

The plots are spread over 32,730 square yards in Ranga Reddy, Medchal-Malkajgiri, and Sanga Reddy districts.

The highest bid was Rs 11,000 per square yard.

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The union government enterprise, Metal Scrap Trade Corporation Limited, supervised the auction.

On behalf of the state government, HMDA auctioned 38 land parcels on Wednesday. The phase 2 notification announcement of the stray bits will be made in the next three days.