HYDERABAD: Over 85 developers and real estate firms are interested in the upcoming four-day e-auction for Neopolis, Kokapet Phase-3, scheduled for the third week of November.
The Hyderabad Metropolitan Development Authority (HMDA) held pre-bid discussions with potential bidders and companies on Monday.
HMDA plans to auction plots in Neopolis, Kokapet, and the Golden Mile layout on November 24, 28, and December 3, 5, offering two plots each day.
During a nearly two-hour session, HMDA Commissioner Sarfaraz Ahmad clarified the e-auction process, compliance, zoning laws, and payment methods, addressing questions from bidders.
Cushman & Wakefield highlighted Hyderabad’s robust multi-asset growth, while MSTC covered the online bidding process. Representatives from major developers like Godrej, Sattva, My Home, Brigade, GHR, Megha Engineering, and MSN were present.
Ahmad showcased the advantages of Hyderabad as a rapidly growing cosmopolitan city. He assured attendees of a smooth and advantageous process, referencing successful past auctions.
