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The Addis Ababa City Government Land Holding Registration and Information Agency announced unregistered land in 230 places in the 10 sub cities of Addis Ababa measuring 101 hectares.

According to the agency the unregistered land is neither occupied by the government or any individuals.

Gifawossen Desissa Director of the agency said during a meeting organized by Fana Broadcasting Corporate on October 27, that the land will be put in to the City Land Bank.

“We will register the land properly and transfer it either for development or to sell it through an auction,” he said.

The Addis Ababa land area covers approximately 52,000 hectares, and the City Administration established a land bank in 2013 to facilitate the lease process overseen by the City Cabinet, the highest executive body of the Administration.

The registration process of illegally occupied land has already begun; this process is applicable for land grabbed between May 1996 and April 2005; these are plots of land occupied without permission from the city administration, illegally expanded land and land occupied by farmers for residential purposes.

In related news the 24th Addis Ababa Land Management Bureau which is open from November 3 to 5 is expected to attract high prices.

The land lease auction will float 117 plots of land in major business areas.

The famous business center Addis Ketema Sub city offered 6 places while Kolfe, Nifias Silkand Akaki present 70, 14  and 20 places respectively.

Two places around Kirkos and five places in Lideta  are awaiting the highest price offer.

Last year a staggering 555,000 birr was offered for one square meter of land by Siket International PLC in the 15th round of land lease auction. The price offer was made for a plot of 240 square meters of land located at the main trade center in Merkato behind Yirga Haile Commercial Center.