Tag: HMDA auction

IndustryLatest Stories

HMDA to Auction 44 Acres in Kokapet, Moosapet for ₹5,000 Cr

HYDERABAD: Following the Telangana State Industrial Infrastructure Corporation’s (TSIIC) record land auctions in Raidurg, the Hyderabad Metropolitan Development Authority (HMDA) has announced plans for e-auctions of 44 acres of government land in Kokapet and Moosapet, aiming to generate approximately ₹5,000 crore in revenue. The HMDA has set the minimum bid price at ₹99 crore per acre for the Neopolis layout in Kokapet, ₹70 crore per acre for the Golden Mile layout also in Kokapet, and ₹75 crore per acre in Moosapet. This will be the third phase of auctions in Neopolis and the second phase in Golden Mile. Auctions for…

IndustryLatest Stories

Telangana aims for ₹2,000 crore per acre in Raidurg auction

HYDERABAD: Two years ago, the Hyderabad Metropolitan Development Authority (HMDA) made headlines by selling a one-acre plot in Neopolis Phase II in Kokapet for an astounding Rs 100.75 crore, which significantly impacted the real estate landscape in Hyderabad. Currently, the Telangana government aims to achieve a similar success with the auction of two land parcels totaling 18.67 acres in Raidurg Knowledge City. The Telangana State Industrial Infrastructure Corporation (TGIIC) has set an upset price of Rs 101 crore per acre for these prime plots located in Hyderabad’s bustling business and IT zone. This area houses over 100 companies across approximately…