Kokapet Neopolis plot sold at unprecedented Rs 137.25 crore per acre in latest HMDA auction
The auction covered plots in Survey Nos. 17 and 18, where the base price was fixed at Rs 99 crore per acre.
By Newsmeter Network
Hyderabad: Land prices in the city have surged to a new record as a parcel in Kokapet Neopolis sold for Rs 137.25 crore per acre during Hyderabad Metropolitan Development Authority’s (HMDA) latest online auction.
The auction covered plots in Survey Nos. 17 and 18, where the base price was fixed at Rs 99 crore per acre. The final bid for Survey No. 17 significantly exceeded expectations, marking one of the highest per-acre land transactions in Telangana to date.
Rs 1,355 crore realisation for 9.9 acres
Two plots, 4.59 acres (Plot No. 17) and 5.31 acres (Plot No. 18), were auctioned, totalling 9.9 acres. Together, they fetched Rs 1,355.33 crore, reflecting sustained interest from developers targeting land near the Financial District, Outer Ring Road and the expanding IT cluster.
Momentum continues after Raidurg auction
The record bid follows another high-value transaction earlier this month when the Telangana State Industrial Infrastructure Corporation auctioned 7.67 acres in Raidurg for Rs 1,357 crore.
There too, bids climbed steeply from the Rs 101 crore base price to Rs 177 crore per acre, signalling accelerated demand across Hyderabad’s western corridor.
Upcoming auctions scheduled
HMDA will continue auctioning additional land parcels on November 24, November 28 and December 3. Plots coming up include:
Golden Mile (Site-2): 1.98 acres, base price Rs 70 crore/acre
Moosapet: 11.48 acres, base price Rs 75 crore/acre
Additional plots: 3.18 acres, base price Rs 75 crore/acre.
Officials expect competitive participation given recent bidding trends.
The government focus on value maximisation
The government has opted for a transparent online auction model to extract maximum value from prime urban land. Real estate experts attribute the rising prices to rapid infrastructure development, strong commercial demand and Kokapet’s emergence as a high-value investment hub adjoining the city’s technology belt.
