Skip to main content

Telangana government is now planning to auction the housing board lands?

The state government of Telangana has asked the housing board to hand over the land to HMDA for the auctioning which has leftover pockets of land.

The Telangana government is now eying Telangana Housing Board land to auction and make some money, same like it has done in the recent past the lands of kokapet, khanamet, puppalaguda, Uppal Bhagat, Neopolis and made some chunk of revenue in the form of the auction to the exchequer.

The state government has identified about 540 acres of land belonging to the Housing Board in Kukatpally, Pocharam, Raviryal which are leftover in and around the IT hub which may en masse the revenue to the government. From some sources, it is found that the government is expecting revenue to the tune of Rs 2000 cr to Rs 3000 cr Rs by the way of selling the land. Earlier it has earned Rs 3000 cr in the financial year 2021-2022.

The auctioning of the land is done as e-auction by HMDA which has prior experience to auction, the Housing Board has no authority to do so and the Government will take a final call on it. The housing board is giving 32 acres of land in kukatpally to the T-govt for auction after layout development. Kukatpally is very close to the HI-TECH city and connects metro and has a lot of demand to it. As per estimation, the T-Govt may fetch a minimum of Rs 1.50 lakh per sqyard and above.

Labels:

Comments

Post a Comment

Popular posts from this blog

What is Lavani Patta Land?

 In Telangana, there are different types of lands titles that provide land ownership. Here Lands are segregated into Private land and Government Assigned Land, and the land owned by an individual who has Record Of Rights ROR on his name, and has legal land title ownership. Whereas government-assigned land is allotted to any individual who belongs to a BPL Below Poverty Level family to elevate their economic standards is termed as Government Assigned Land. Here it has ownership land title on an individual’s name, but assigned lands cannot be sold or transferred to anyone. To obtain a Lavani Patta one can get it from the Revenue Department of the state. The Chief Commissioner of Land Administration (CCLA) is the chief controlling authority for the revenue administration. Usually, the Tahsildar is the competent authority to assign the lands. Here, 50 percent land is assigned to Schedule Castes, 10 percent to Schedule Tribe, 30 percent to the backward classes, and the res...
Post a Comment
Read more

Top 5 RERA Punishments every buyer must know.

PUNISHMENT PRESCRIBED FOR NON-REGISTRATION OF A PROJECT UNDER THE RERA ACT   ·           10 percent penalty of the estimated cost of the project.   ·          As per section 59, where under the Act, it is obligatory for the promoter to register a project with the Authority, and the promoter fails to do the same, he shall be liable to a penalty of up to 10 percent of the estimated cost of the real estate project.  Non-registration of the project may also liable for 3 years of punishment. ·         However, in the case of the promoter consistently defaults or does not comply with the directions/orders of the Authority as regards registration of the project with the Authority, he shall be liable to an additional fine of ten percent of the estimated cost of the real estate project or imprisonment up to 3 years or both.   Penalty for violation of section 4(App...
Post a Comment
Read more

Hibanama: A Universally Applicable Mechanism for Dispute Resolution

In the diverse fabric of India, the term “Hibanama” transcends religious boundaries, serving as a consensual mechanism for dispute resolution applicable to all communities. This blog explores the universality of Hibanama, debunking any misconceptions about its exclusivity to a particular religious group. Understanding Hibanama: Contrary to any misconceptions, Hibanama is not exclusive to the Muslim community but is a legal concept applicable to individuals of all religions in India. Rooted in the principles of voluntary resolution, Hibanama emphasizes mutual agreement and compromise in the face of legal disputes, irrespective of religious affiliations. Applicability to All Communities: Hibanama in Hindu Law: Hindu law recognizes the importance of amicable settlements, and Hibanama aligns seamlessly with this ethos. Parties involved in property disputes, family matters, or contractual disagreements within the Hindu community can opt for Hibanama to expedite justice. Hibanama...
Post a Comment
Read more