Hyderabad: Telangana Housing Board (THB) sold a land parcel for a record ₹2.18 lakh per square yard at an auction in Kukatpally Housing Board.
The housing board auctioned 21 land parcels in Phase XV, of which 11 were sold on Thursday. the lowest was ₹1.56 lakh per sq yard While the highest was ₹2.18 lakh per sq yard. THB said through the land auctions, the board got ₹33.11 crore in revenue. With 23 participants actively taking part in the bidding process, 11 out of the 21 properties offered, including 10 residential plots and one land parcel, received successful bids.
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“Generating a revenue of ₹33.11 crore, this successful auction marks an important step in our continued efforts to unlock the value of vacant land assets through transparent and competitive bidding,” the board said. Download the TOI App.