e-auction to fetch 3200 Crore in Telangana!

Telangana government is in search of new finances in order to fund its ambitious programs. The state government had decided to sell 7911 acres of government lands in phases to make money.

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The government is expecting 3200 Crore by the sale of undisputed lands. There are 9.5 acres of such land in Hyderabad through which government is expecting to make 700 Crores.

The district collectors were asked to prepare guidelines for the e-auction of these lands and then the government will give out a notification. The Chief Minister also ordered the official machinery to speed up and solve the legal tussles so that more lands can be put up for sale.