Mokila Plot Sale in Hyderabad Brings in ₹231 Crore for HMDA
Representative AI image HYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) achieved a record bid of ₹1.09 lakh per sq yard in its Mokila layout auction, conducted over two days. This highest bid more than doubled the government-fixed upset price of ₹50,000 per sq yard, enabling the authority to collect ₹231 crore from the sale of 100 residential plots. The HMDA carried out the e-auction in two phases, auctioning 50 plots each on Monday and Tuesday. Officials noted that while the peak bid reached ₹1.09 lakh per sq yard, the average bid was ₹75,640 per sq yard, underscoring strong demand for…