Section 6 in Hyderabad Metropolitan Region, Disposal of Stray Bits and Land of Hyderabad Metropolitan Development Authority Rules, 2017
6. Mode of Payment.
(1)Upon confirmation of the allotment, the allottee shall pay 25% of the bid amount within one week and the balance amount shall be deposited within two months.(2)The successful bidders who want to avail installment facility shall pay the following interest:-(i)with 10% simple interest up to 90 days excluding initial 60 days.(ii)12% interest upto 180 days excluding initial 60 days.(iii)15% interest upto one year excluding initial 60 days.(3)All payments or deposited will be accepted in the shape of Demand Draft (DD's) or Real Time Gross Settlement (RTGS) / National Electronic Funds Transfer (NEFT), e-payment, in favour of the Metropolitan Commissioner, Hyderabad Metropolitan Development Authority, no cheques and cash will be entertained.
