Friday, 4 August 2017

Telangana State to auction Rajiv Swagruha flats Online

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Telangana State to auction Rajiv Swagruha flats Online


Rajiv Swagruha flats online auction from month-end | Rajiv Swagruha flats in city to be sold online to government employees | Govt. fixes price for Bandlaguda, Pocharam Rajiv Swagruha flats | Rajiv Swagruha flats to govt. staff at concessional price | Flats at 50% discount for government staff

The State Government has decided to sell 3,719 flats constructed under Rajiv Swagruha Scheme at Bandlaguda and Pocharam to Government Employees through Online Auction.


Telangana State to auction Rajiv Swagruha flats Online Rajiv Swagruha flats online auction from month-end | Rajiv Swagruha flats in city to be sold online to government employees | Govt. fixes price for Bandlaguda, Pocharam Rajiv Swagruha flats | Rajiv Swagruha flats to govt. staff at concessional price | Flats at 50% discount for government staff The State Government has decided to sell 3,719 flats constructed under Rajiv Swagruha Scheme at Bandlaguda and Pocharam to Government Employees through Online Auction./2017/08/telangana-state-to-auction-rajiv-swagruha-corporation-flats-online-booking-open-pocharam-bandlaguda-flats-to-government-employees.html
Telangana State to auction Rajiv Swagruha flats Online
At Bandlaguda and Pocharam Under a Scheme of Rajiv Swagruha 3,719 flats were constructed to sell to  Government Employees .The Auction process would commence from August last week through open booking online.The Govenment aims to generate Rs 545 crores through the sale of these flats .
2,245 flats at Bandlaguda and 1,474 flats at Pocharam are likely to go under the hammer under the firsthe first phase.
Out of 2,245 flats at Bandlaguda ,316 flats are ready for occupying and the rest 1,929 flats require minor works.Auctioneers who bag the flas will have to take up the minor works on their own.
In the same way 1,474 flats at Pocharam, 969 flats are ready to occupy and the rest 505 flats require minor works.

The Government has fixed the prices in this way:
  1. Bandlaguda-Rs 1,900 per square feet for the flats which are ready to occupy.
  2. Bandlaguda -Rs 1,700 per square feet for semi-finished flats.
  3. Pocharam--Rs 1,700 per square feet for the flats which are ready to occupy.
  4. Pocahram -Rs 1,500 per square feet for semi-finished flats.
Housing Minister Indarakaran Reddy here on Thursday had said that to ensure transparency in transactions and selling the flats, an exclusive website is being prepared on behalf of Rajiv Swagruha Corporation.
 The previous Government had constructed these flats without clearly estimating the market demand. They have invested heavily on these flats. Despite most of the flats being ready to occupy , they did not get buyers. This apart, the government also failed to pay interests on the loans obtained from different banks, the Minister said. This resulted in an additional financial burden on the Telangana Rajiv Swagruha Corporation.
After bifurcation, Telanagana Government had to bear Rs 1,069 crore and of these, our C.M
K. Chandrashekar Rao had permitted clearing Rs 820 crore. The rest Rs 259 crore too would be cleared at the earliest and all measures were being taken accordingly,said Reddy.
After a series of meetings held by the senior authorites with the bank Officials and assured to clear the loans, the financial institutions have approved the online auction of the flats ,said a press release.
Click Here for


Open booking online( August Last week..  )

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