HMDA achieves record-breaking bid of Rs 137.25 crore in first set of Neopolis e-auctions

The first e-auctions for Neopolis conducted by HMDA saw Plot 17 and 18 sold at record prices, generating Rs 1,356 crore for Telangana. MSN Urban Ventures and Vajra Housing secured the plots, reflecting an 87 per cent surge in land valuations

Hyderabad: The Hyderabad Metropolitan Development Authority (HMDA) commenced the first set of e-auctions for Neopolis on Monday, delivering landmark results with two marquee land parcels fetching record prices.

Two land parcels, Plot 17 (4.59 acres) and Plot 18 (5.31 acres), closed at record prices of Rs 136.50 crore per acre and Rs 137.25 crore per acre, respectively.

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Plot 18 was the first to be secured by MSN Urban Ventures LLP, followed shortly thereafter by Vajra Housing Projects LLP, which emerged as the winner of Plot 17. Together, the two auctions generated impressive Rs 1,356 crore in monetised revenue for the government of Telangana, HMDA release stated.

The current auction results represent an 87 per cent escalation in land valuations, HMDA said in a press release on Monday.

The momentum generated since the issuance of the e-auction notification on 3 November 2025, followed by the well-attended pre-bid meetings held on 17 November (offline) and 20 November (online), culminated today in results worthy of a billboard overlooking the Neopolis skyline.

With this, the upcoming e-auctions on November 28, December 3 (Neopolis), and December 5 (Golden Mile) are poised to attract elevated interest and competitive bidding from across the real estate and development community, release stated.