Land auctions in Telangana

Abstract

Auctions are conducted for the sale of goods across the world for a variety of things - treasury bills, Liquor licenses, land, spare parts, luxury goods, art, memorabilia and so on. They are usually conducted by the Government or private players to maximise revenue and allot resources efficiently. In India, both the State and the Central Governments conduct auctions for a variety of materials – from scrap, sand, spectrum licenses, spare parts, land. Perhaps the most famous is the Treasury Bill auctions conducted by the RBI, and the auction for IPL players held frequently.