Hyderabad, Aug. 3 -- The Rajiv Swagruha Corporation has successfully allotted 401 affordable flats in Hyderabad and gears up for the auction for unsold units.

The allotted apartments which are located in Pocharam and Bandlaguda were sold below market rates as part of the government's initiative to provide budget-friendly housing options.

Revenue from auction of flats in Hyderabad

Under the no-profit-no-loss model, the corporation generated approximately Rs 78 crore from the flat allotments.

The selection process began after a July 4 government notification. The beneficiaries were chosen through a lottery system.

In Pocharam, most flats received single applications, while heavily demanded units were allotted via random draw. A 3BHK fl...