Open plot in Hyderabad fetches record price

By Author  |  Published: 14th Jun 2018  7:15 pm
Gachibowli area (Representational Image)

Hyderabad: An open plot at Gachibowli which was put up for auction by the Telangana Housing Board on Thursday received the highest bid of Rs 1.06 lakh per square yard.

Five bidders participated in the auction of the plot, which measured 348.33 square yards with the final bid promising to make the Housing Board richer by Rs.3.69 crore.

According to a press release issued here on Thursday, the plot auction was conducted at the Housing Board office in Gruhakalpa building with an upset price of Rs 55,000 per square yard under the observance of Venkateshwarlu, Land Acquisition Officer, Vimala, Estate Officer, Krupanand, Executive Engineer, North Division and Vasu, Assistant Estate Officer.

The press release said it was for the first time that the Telangana Housing Board was successful in getting a bid of Rs.1.06 lakh per square yard.