Tepid response to Swagruha flats’ sale in Hyderabad | Hyderabad News

Rajiv Swagruha sale falls flat

HYDERABAD: The much-hyped sale of Rajiv Swagruha flats at Bandlaguda and Pocharam has turned out to be a dud affair with only 50% of the allottees paying the initial amount – that too after extension of deadline by the authorities.
While about 3,900 flats were allotted to the applicants after they evinced interest in taking them last month, only 1,900 allottees have paid the amount.
The Hyderabad Metropolitan Development Authority (HMDA) had sold 2,237 flats in Bandlaguda and another 1,458 flats in Pocharam constructed by Rajiv Swagruha Corporation more than a decade ago.
There was an overwhelming response with about 39,000 applications for the 3,900 flats, especially for three BHK flats at Bandlaguda. In the last week of June, the HMDA allotted flats by way of lottery.
Official sources said the allottees, who got flats, were supposed to pay the initial amount Rs 3 lakh for 3BHK, Rs 2 lakh for 2BHK and Rs 1 lakh for 1BHK within one week of issuance of allotment letter.
But it has been a month and only 1,900 have paid the initial amount even as the deadline ended on July 31. Those who paid the initial amount, will have to pay the balance amount within 90 days.
Sources said one of the reasons for the tepid response is that many people from the same family have applied for flats as the government only asked Aadhar number for applying along with application fee of Rs 1,000.
If more than one person in the same family got the allotment, they paid the initial amount for one flat.
“Some people were facing issues in getting bank loans due to poor CIBIL score and some were waiting for clarity on amenities being provided in the Sadhbahvana and Sahabhavana apartments complexes at Bandlaguda and Pocharam,” an assistant general manager of Rajiv Swagruha said. Some could not take the flats due to Vastu issues also, he said.
As there were no takers for the flats, the HMDA has sent a proposal to the state government for cancellation of allotment to those who did not pay the initial amount.
Municipal administration special chief secretary Arvind Kumar said the HMDA has moved a proposal to dispose of the balance by collecting a higher initial amount on first-come first-served basis. “We are awaiting government’s decision on this,” he said.