Latest news with #RajivSwagruha
Time of India
06-07-2025
- Business
- Time of India
Telangana to put up long-vacant Rajiv Swagruha flats for sale, expects to raise Rs 1,000 crore
The Telangana government is selling Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam, and Gajularamaram to generate over ₹1,000 crore, offering affordable housing built 15 years ago. With prices ranging from ₹2,500 to ₹4,000 per sq ft, allotment will be decided by a draw. HYDERABAD: As the real estate market in and around the city picks up, the state govt has put the Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam and Gajularamaram townships up for sale, expecting to raise over ₹1,000 crore. As many as 159 flats in Sahabhavana township in Bandlaguda, 601 flats in Sadbhavana township in Pocharam and 418 flats in unfinished 9- to 14-storey towers - all of which are located within Medchal-Malkajgiri district - were put up for sale. Interested parties must submit their applications, with allotment to be decided by a draw on July 30, Aug 1, 2 and 20, if there are multiple bids for each property. For details, people and builders can visit You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad These flats and towers were built 15 years ago, but many remained unsold and have now been put up for sale. The flats range in size from 520 sq ft to over 1,600 sq ft, with an upfront price ranging from 2,500 to 4,000 per sq ft. These constructions were undertaken with the objective of offering affordable housing to the middle classes in urban areas and on the outskirts of cities under the Rajiv Swagruha scheme. However, hundreds of flats and thousands of plots remained unsold during the last six phases of the auction since the scheme was launched in 2007 in the combined state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Having already raised ₹142.78 crore from the sale of 18 open plots in Phase-7 of Kukatpally Housing Board Colony, which saw one plot fetch a record 2.98 lakh per sq yd, and earning 65.02 crore through the auction of open plots and flats in Gachibowli, Chintal, and Nizampet, the Housing Board has now notified a fresh auction of its commercial plots-KPHB commercial plots, and Nampally commercial plot. Telangana Housing Board Vice-Chairman V OP Gautham said all sales will be conducted through a transparent e-auction process, ensuring a level playing field for all bidders. The final e-auction is scheduled for July 30. Interested parties can also visit They can also reach out to the Office of the Vice-Chairman.
New Indian Express
08-06-2025
- Business
- New Indian Express
Telangana to auction Rajiv Swagruha and Housing Board properties to raise funds for development
HYDERABAD: To mobilise funds for developmental activities, the state government has decided to auction open plots and properties under the Rajiv Swagruha scheme and the Housing Board. Following the Cabinet sub-committee's approval, both Rajiv Swagruha Corporation and the Housing Board will issue a notification regarding this on June 20. The government has identified flats in both completed and unfinished Rajiv Swagruha apartment projects across 11 areas, as well as open plots under the Housing Board in four areas, for auction. In the Rajiv Swagruha scheme, the government will auction 514 open plots in Torrur, 20 in Kurmalguda and three in Chandanagar of Rangareddy district. Additionally, it will put up for sale 159 completed flats in Bandlaguda, 601 in Pocharam, five unfinished towers in Gajularamaram, and six unfinished towers and 69 open plots in Bahadurpally. Other properties include 111 open plots in Potulamadugu village and 45 in Amistapur of Mahbubnagar district, and eight unfinished towers and 3.38 acres of open land in Polepally of Khammam district. For the unfinished towers in Gajularamaram, Pocharam and Polepally, the government plans to treat each tower — comprising 100 to 150 flats — as a single unit for auction. As for Housing Board properties, the auction will include 7.33 acres of vacant land in Phase-IV of Kukatpally Housing Board Colony, along with two open plots measuring 4,598 and 2,420 Additional plots include 1,148 in Nampally and 2,605 in SR Nagar. The revenue generated from the auction will be used to support various housing schemes around ORR and other areas.
