The Hyderabad Metropolitan Development Authority (HMDA) concluded its latest land auction phase with the sale of the Golden Mile site. COEUS Education Management Pvt. Ltd. acquired the 1.98-acre parcel at Rs 77.75 crore an acre.
The Hyderabad Metropolitan Development Authority (HMDA) has realised Rs 3,708 crore from three phases of the Neopolis auction series, with the latest phase concluding on Wednesday. Focus now shifts to the Golden Mile auction on December 5, expected to sustain developer enthusiasm.
Two plots at Kokapet’s Neopolis fetched record bids of Rs 151.25 crore and Rs 147.75 crore per acre during HMDA’s second round of e-auctions. The competitive bidding, which lasted over seven hours, reflects soaring demand in Hyderabad’s land market.
