Tag: Banjara Hills

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Telangana HC Delays Hearing; Hakimpet Auction Stalled

Telangana High Court HYDERABAD: The Telangana High Court has postponed the hearing on a series of petitions contesting the e-auction of an 8.24-acre land parcel in Hakimpet, Banjara Hills, effectively pausing the auction process. The auction was initially set for June 19, but was delayed to July 2 due to claims of ownership raised by certain parties in the High Court. During the hearing, Justice NV Shravan Kumar ordered the appointment of two advocate commissioners, one representing the petitioners and the other for the state government. “They are to inspect the lands and submit a report to the court,” stated…

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Medipally Auction by Hyderabad Body Nets ₹120 Crore Amid Demand

HYDERABAD: The recent land auction by the Hyderabad Metropolitan Development Authority in the Medipally layout garnered a strong response, with the sale of 68 plots bringing in almost ₹120 crore on Wednesday. Bidding exceeded the reserve price of ₹45,000 per square yard, reaching as high as ₹80,000 per square yard. The average bid landed at ₹56,260, highlighting the increasing demand for HMDA-developed areas. As part of a phased auction process, further plots in Mokila, Chandanagar, Bairagiguda, Narsingi, and Bowrampet will be sold by June 30. However, the auction faced challenges, including a Telangana High Court order that temporarily halted the…

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Hyderabad: Banjara Hills ₹1,000 Crore Land Auction Dispute

Representative image HYDERABAD: A significant land auction organized by the Hyderabad Metropolitan Development Authority (HMDA) in Banjara Hills has sparked controversy, with two claimants asserting that part of the high-value government land slated for auction overlaps with their properties. The contention revolves around an 8.24-acre parcel in survey No. 102/1 of Hakeempet village, which HMDA intends to auction on June 19. This land is among the most sought-after in the city, with an estimated valuation of nearly Rs 1,000 crore. HMDA has set a base price of Rs 99 crore per acre, anticipating bids between Rs 130 crore to Rs…