Latest news with #RajivSwagruhaCorporation
Hans India
a day ago
- Business
- Hans India
Affordable dream homes: Rajiv Swagruha flats sell like hot cakes
Hyderabad: There is a huge demand for flats in Rajiv Swagruha gated communities in the city as large number of applications are being received for one, two and three BHK flats in Bandlaguda and these flats were allotted through a completely transparent system of lottery. To fulfill the dream of owning a home for the middle class, the government constructed 1 and 2 BHK flats available at affordable prices of Rs 15-18 lakh, which received a huge response from the denizens. The Rajiv Swagruha Corporation conducted a lottery in the presence of Corporation, Revenue and Police officials till late night and completed the process of allotment of flats. On this occasion, the entire Bandlaguda main road was seen bustling with applicants. Rajiv Swagruha Managing Director VP Gautam said that there was an opportunity to apply for flats in Pocharam area as well, without getting disappointed if anyone could not get a flat in Bandlaguda area, with the receipt here. It is noteworthy that a huge number of 1,325 applications were received for 3 BHK flats, of which only eleven flats were available. Similarly, 525 people applied for 2 BHK flats, of which only 19 flats were available. As many as 234 applications were received for 105 single bedroom flats. Despite such a large number of applications, only one application was received for some flats, and the flats were allotted to them. The Rajiv Swagruha Corporation has constructed a total of 2,746 flats of various types in the Bandlaguda area. Applications were invited through a notification in the first week of July for the sale of 159 vacant flats. Out of these, 131 flats were allotted to the beneficiaries on Wednesday. Except for nine flats reserved for senior citizens and 19 flats in 1 BHK, all the remaining flats were purchased by the people. With the intention of providing 1 and 2 BHK flats to the middle class sections, the government invited applications for the sale of these flats with an income limit and with the condition that they should not have their own house in the city, and there was a huge response from the denizens. Presently, the Rajiv Swagruha Corporation received an income of about Rs 26 crore through sales. Initially, it started with the allocation of special flats for senior citizens, and then the process of allocating single bedroom, double bedroom and triple bedroom flats was taken up. The officials said that in the Ghatkesar Pocharam area, 255 flats were available at a price of Rs 13 lakh for a 1BHK flat and 340 flats at a price of Rs 19 lakh for a 2BHK. The deadline to apply for the purchase of these flats is July 31, and the flats will be allotted through a lottery on August 1 and 2.
Time of India
2 days ago
- Business
- Time of India
Telangana Housing Board sells acre land in KPHB for over Rs 65 cr
Hyderabad: The e-auction of an acre of open commercial land held by the Telangana Housing Board fetched the state govt over Rs 65.3 crore. The auction for plot number 1 in Phase 4 of the Kukatpally Housing Board, held on Wednesday, attracted 11 bidders. Tired of too many ads? go ad free now The Institute of Chartered Accountants of India (ICAI), a statutory body that governs the chartered accountancy profession in the country, won the bid among the four online bidders. VP Gautham, vice-chairman of the Telangana Housing Board, said that the identities of the parties involved in the auction were not disclosed until the end of the online bidding. He also announced that the state govt earned revenues amounting to Rs 26 crore by selling Rajiv Swagruha Corporation flats in Bandlaguda on Wednesday. On Wednesday, 131 of the 159 remaining flats at Rajiv Swagruha Corporation at its Bandlaguda township were sold and allotted to middle-class beneficiaries through a lottery, said Gautham, the managing director of Rajiv Swagruha Corporation. Meanwhile, on June 11, the Housing Board conducted a land auction for 18 vacant plots in Phase 7 of the Kukatpally Housing Board Colony in Greater Hyderabad. Plot number 22 was sold at a record price of Rs 2.98 lakh per square yard, with officials claiming that the city's real estate sector is booming. A total of 6,232 square yards were auctioned for these 18 plots, with an average price of Rs 2.38 lakh per yard, and the highest price of Rs 2.98 lakh was paid for Plot number 22. Furthermore, Gautham said that the main purpose of the auction was to provide affordable housing to middle-income groups on a no-loss-no-profit basis, in line with the state govt's aim of providing housing at affordable rates in urban areas for the middle classes. Tired of too many ads? go ad free now The unsold flats included 19 one-bedroom apartments and nine flats for senior citizens. According to sources, this could be due to inappropriate Vastu and entrance. The govt will make a final decision on the remaining flats. Five auctions have been held in over a decade to sell the 2,700-odd 3-BHK, 2-BHK and 1-BHK flats, as well as flats for senior citizens, in Bandlaguda township. Only 28 flats remain. The auction and draw of lots for the flats in Pocharam township will be held on Aug 1 and 2.
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.
