Tag: Hyderabad real estate

Industry

Telangana housing board auctions a plot for ₹2.9 lakh per sq yard

Representative Image HYDERABAD: A land auction conducted by the Telangana Housing Board on Wednesday for 18 vacant plots in Phase 7 of the Kukatpally Housing Board Colony in Greater Hyderabad saw Plot Number 22 sold for a record price of 2.98 lakh per square yard. Officials stated that this reflects the current boom in the city’s real estate sector. The Housing Board’s Vice Chairman, VP Gautam, said the auction would generate revenue of 142.78 crore. A total of 6,232 square yards across the 18 plots were auctioned, with the average price per square yard reaching 2.38 lakh. Buyers are required…

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Hyderabad development body plans new round of land auction at Neopolis in Kokapet

Representative Image HYDERABAD: After almost two years, the Hyderabad Metropolitan Development Authority (HMDA) is gearing up for land auctions at Neopolis in Kokapet. Along with this, it has identified plots that can be sold. Earlier, the previous BRS govt had auctioned about 95 acres at Neopolis in two phases – June 2021 and Aug 2023. The state govt has already decided to go for land auctions across the state as part of resource mobilisation to fund various projects. Since there is a slump in the real estate sector, agencies such as HMDA and Telangana State Industrial Infrastructure Corporation (TGIIC) have…