The Hyderabad Metropolitan Development Authority’s e-auctions of prime land parcels in Kokapet saw record bids, with Golden Mile Site-1 fetching Rs 115 crore per acre and Neopolis Layout’s Plot No. 17 receiving Rs 120 crore per acre.
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.
