Tirupati Urban Development Authority (TUDA) Vice-Chairman Shubam Bansal connected Saturday announced the commencement of the registration process for information successful the e-auction for the merchantability of commercialized shops, bureau abstraction and residential flats astatine TUDA Towers successful Tirupati.
This prestigious task was taken up by the TUDA successful an grade of 3.60 acres adjacent Annamaiah Circle, a premier locality successful the city, astatine a task outgo of ₹345 crore with a built-up country of astir 7.64 lakh sft.
It features an ample parking country successful the basement, on with a commercialized abstraction of 1.17 lakh sft connected the crushed and archetypal floors, and partial bureau abstraction of 88,000 sft connected the second, third, and 4th floors.
Along with these, the gathering besides has 206 residential flats, including 40 two-BHK flats, 138 three-BHK flats and 28 four-BHK flats successful the 2nd to 12th floor.
TUDA Secretary N.V. Sreekanth Babu urged the bidders to enactment wide successful the online auction process.
“If each the units successful the TUDA Towers are sold, it volition make an expected gross of astir ₹150 crore, which volition beryllium utilised for the enhancement of basal Infrastructural facilities successful the municipality and agrarian areas nether the jurisdiction of the TUDA,” helium said.
TUDA Land Acquisition Officer S. Sujana said that the e-auction would beryllium conducted connected September 26, 27 for the commercialized shops oregon bureau spaces, portion the aforesaid volition beryllium done for the residential flats from September 29 to October 14.
The bidders indispensable wage Earnest Money Deposit (EMD) of ₹3 lakh for the commercialized shops oregon bureau abstraction and ₹2 lakh for the residential flats.
