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HMDA back with auction of plots

After a couple of failed initiatives to fill its coffers through sale of plots, the Hyderabad Metropolitan Development Authority (HMDA) is back with auction of left over plots.

When real estate boom reigned high and every one was desperate to acquire a slice of property, the HMDA auctions did fetch it high revenues.

But once the boom evaporated, there has been little interest evinced in property buying and this forced the authority rationalise the pricing. Will the new price tags bring in customers or will the wait and watch game continues in the hope of more rationalisation and further drop in the prices.

Let's wait and watch.

T. LALITH SINGH

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