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Andhra Pradesh govt to auction nine land parcels

The reserve price of the identified parcels is pegged at Rs 208.62 crore

Andhra Pradesh, Ministry of Housing and Urban Affairs, Visakhapatnam, Guntur, Mission Build Andhra Pradesh, Promote infrastructure, NBCC (India), Central Public Sector Undertaking, Nallapadu, Srinagar Colony, Chinagadli, Agnampudi

The government of Andhra Pradesh intends to auction nine land parcels as part of its ‘Mission Build Andhra Pradesh’ initiative to promote infrastructure development and resource mobilisation.

The e-auction will be held on 29 May 2020, and the reserve price of these land parcels has been fixed at Rs 208.62 crore. Land parcels in Visakhapatnam and Guntur will be up for auction in Phase-I. A part of the revenue generated will be used to fund the state government’s flagship programmes such as Navaratnaly and Naadu-Nedu, and the rest will be used to develop infrastructure in the state.

The state government, along with with NBCC (India), a Central Public Sector Undertaking under the Ministry of Housing and Urban Affairs, is auctioning vacant government land parcels through e-auction on an ‘as is where is’ basis in phases. Six land parcels in Visakhapatnam and three in Guntur have been identified for sale in Phase-I. Any individual can participate in the auction and the highest bidder will get the land parcel after paying the amount.

The reserve price of the identified parcels is pegged at Rs 208.62 crore and the government is expecting more than this in the auction. The land in Guntur is in Nallapadu, Srinagar Colony and Main GT Road, and in Vizag, it is in Chinagadli, Agnampudi and Fakirtakia.

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June 2020
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