Online auction completed for Thorrur plots

Response was lukewarm for the plot sale on HMDA’s Thorrur site on Monday, the third and final day of online auctions. Of the 48 plots put up for sale, only twelve plots were successfully auctioned.

During the morning session, bids were received for five plots out of 25, and the evening session saw bidding for seven plots out of a total of 23. The highest quote received was ₹30,000 per square meter, while the lowest was ₹20,500 per square. court. Revenue generated was ₹8.1 crore.

In total, for 140 plots auctioned in Thorrur, bids have only been received for 86. and Pocharam, to pay the token advance by July 12 for confirmation of the award.

For 3BHK and 3BHK Deluxe, the token amount is fixed at ₹3 lakh. For 2BHK it is ₹2 lakh and for 1 BHK it is ₹1 lakh. The amount must be paid by bank transfer or online, to the account mentioned in the letter of intimation, an informed press release.

An “Award Letter with Confirmation” will be issued upon payment of the token advance and recipients will be required to pay 80% of the total lump sum cost within 60 days and the balance within 30 days, together with parking fees, applicable development fees and corpus funds.

If the nominal advance is not paid by the due date, the award will be forfeited, the note says.

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