HMDA garners ₹101.51 crore from auctions
The Hyderabad Metropolitan Development Authority (HMDA) conducted an e-auction for residential plots in the Mokila and Bachupally layouts, generating ₹101.51 crore in revenue. Of the 70 plots offered, 57 were sold on Wednesday, with an average auction price of ₹63,511 per square yard. In the Mokila layout, 32 plots were auctioned, with the highest bid reaching ₹87,500 per square yard, leading to an average of ₹66.48 crore in revenue.
The Bachupally layout saw 25 sales, with the top bid at ₹67,500 per square yard, resulting in ₹35.03 crore in revenue. The auction attracted a strong response from homebuyers and investors, including numerous bidders from Hyderabad and nearby regions.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
