- It decides to secure lands from farmers to develop layouts
- Plans to acquire 1000 acres
The HMDA, which is developing the lands in and around Hyderabad and earning sizeable amount through auction of the land parcels, has decided to kick off another novel programme to develop the ventures around the city and sell plots. The demand for its layout is very high because of the clear title and lands are free from any disputes. Moreover, the layout has all necessary approvals.
Hitherto the HMDA auctioned land parcels. But, hereafter it focussed its attention on development of the residential layouts. It has plans to acquire lands for residential layouts from the farmers. Later, it will develop them into multi-purpose use plots and sell them through online bidding.
In all, 60 % of the sites would be allotted to the farmers since the lands are being acquired from them. The HMDA will sell the rest of the 40% plots. Currently, the HMDA has acquired lands in Medchal, Rangareddy, Sangareddy and developing the amenities at a faster rate. On the outskirts of Hyderabad, it is holding negotiations with farmers in Kurmalguda, Pratapa Singaram, Dandu Malkapuram, Nadar Gul so on. Since the prices of the lands and residential plots are increasing, it is predicted that the HMDA ventures would get good support from customers.
