Andhra Pradesh   

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

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Rain-soaked
Caught in the act
One arrested in BHEL robbery case
Health matters
Man slits throat of girls, ends life
Party issues are resolved: Ashok
Police inaction alleged
Knee-deep
Hi-tech help for fishermen
Kishan Reddy flays PCC chief's statement
Trying his luck
‘Podu' effect
In the dock
Move to hike power tariff draws flak
Third swine flu death in A.P.
Swine flu scare returns
On a roll
Big B tweets for ‘Raavan'
Football scores over cricket!
Football mania grips twin cities
Couplets and verses
HMDA back with auction of plots
Correction
Hot favourite
Vijayanagara coins, antiques to be on display
Traces of Neolithic civilisation found
‘Future warfare between machines'
MP says PCC chief's views on Telangana not official line
DS not to contest ‘if TRS can get Telangana'
Praja Rajyam not to contest Telangana bypolls
Kakatiya monuments in state of neglect
AICC secretary flays Naidu for ‘outburst' on new excise policy
DS treads cautious path

Copyright © 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu