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The civic body expects to raise around Rs 2,000 crore from the auction of 114 land parcels across various locations, with Neopolis expected to be the biggest draw for investors and developers. For a 4.59-acre land parcel (plot No. 17) in the Neopolis layout, HMDA has fixed a reserve price of Rs 120 crore. Another 3.15-acre parcel in Moosapet, near Kukatpally, has been priced at Rs 99 crore. In previous land auctions in Neopolis, HMDA earned between Rs 4,000 crore and Rs 5,000 crore. 102/1) in Banjara Hills, a parcel that had earlier drawn objections from the Yamuna Nagar Society, HMDA has now notified eight plots ranging from 1,084 sq yards to 1,437 sq yards, with a reserve price of Rs 2 lakh per sq yard. In its June notification, HMDA had proposed the auction of eight acres in the same survey number at a reserve price of Rs 99 crore per acre. Excluding the Banjara Hills land, the highest reserve price among the notified plots is Rs 55,000 per sq yard, while the lowest is Rs 15,000 per sq yard in the Inmul Narva layout. The auctions are scheduled to be held on Nov 12, 20, 23, 25 and 27.
After the Telangana Industrial Infrastructure Corporation fetched record-breaking prices in a series of land auctions at Raidurg, the HMDA is returning to the market with a fresh round of auctions, led by prime parcels in its revenue-generating Neopolis layout at Kokapet. In Hakeempet village (survey No. However, the process was stalled after the society alleged an overlap with its land holdings. The revenue department denied the allegations. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad