No takers for Swagruha flats at auction

Hyderabad: There were no takers for the Rajiv Swagruha flats which were up for auction on Thursday. The

Hyderabad Metropolitan Development Authority

(HMDA) has put 2,246 flats in Rajiv Swagruha Corporation’s Sahabhavana Township in Bandlaguda near Nagole and Jalaja Township in Khammam district for sale. For the first time, the state had placed auction of flats in block and cluster-wise and invited bids from the builders, developers and contractors instead of individuals. The contractors, who purchase the flats, would renovate or complete them and sell them. Municipal administration department special chief secretary

Arvind Kumar

said auctions were meant for builders and there were no buyers on Thursday. tnn
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