TUDA Towers Units in Tirupati Open for E-Auction Registration

Swift Summary:

• TUDA Vice-Chairman Shubam bansal announced the registration process for an e-auction of commercial shops,office space,and residential flats at TUDA Towers in Tirupati.
• TUDA Towers is a ₹345 crore project built on 3.60 acres near Annamaiah Circle with a total built-up area of 7.64 lakh sft.
• Facilities include:

– Basement parking.
– 1.17 lakh sft of commercial space across ground and frist floors.
– 88,000 sft office space on floors two to four.
– 206 residential flats on floors two through twelve (40 two-BHK,138 three-BHK,and 28 four-BHK).

• The e-auction will take place:

– september 26 and September 27 for commercial shops/office spaces.- September 29 to October 14 for residential flats.

• Earnest Money Deposit (EMD): ₹3 lakh for commercial/shop spaces; ₹2 lakh for residential flats.
• Potential revenue from sales is estimated at ₹150 crore, expected to be reinvested in urban/rural infrastructure under TUDA jurisdiction.

Indian Opinion Analysis:

The launch of e-auctions for real estate units at TUDA Towers signals a critically important urban development effort in Tirupati’s prime area near Annamaiah Circle. With varied offerings such as commercial spaces, offices, and residences catering to diverse needs, the project reflects both ambition and scalability within Andhra Pradesh’s urban planning framework.

The estimated revenue generation of ₹150 crore highlights not just financial opportunities but also the intent to channel funds toward improving infrastructure in surrounding areas under TUDA’s jurisdiction-a move likely welcomed by both residents and businesses alike.TUDA’s adherence to clear processes like online auctions may enhance trust among potential investors while supporting broader regional economic growth goals. However, success will depend on active participation during the e-auction period starting September-end as well as subsequent efficient utilization of funds raised.

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