Hyderabad plots sold at record ₹100 cr per acre, fetch govt ₹3k crore
1 year, 4 months ago

Hyderabad plots sold at record ₹100 cr per acre, fetch govt ₹3k crore

Hindustan Times  

Hyderabad The Hyderabad Metropolitan Development Authority, which conducted the auction, said that the bid for a 3.60-acre plot was bagged by Hyderabad-based Rajapushpa Properties Private Ltd for the highest bid of ₹ 362.70 crore at the rate of ₹ 100.75 crore per acre The e-auction of seven prime open plots spread over 45.33 acres at Kokapet on the outskirts of Hyderabad on Thursday fetched a huge revenue of ₹3,319.60 crore to the Telangana government, with one of the plots being sold out for a whopping ₹100.75 crore per acre. The Hyderabad Metropolitan Development Authority, which conducted the auction at the Neopolis layout, said in a statement that the bid for a 3.60-acre plot was bagged by Hyderabad-based Rajapushpa Properties Private Ltd for the highest bid of ₹362.70 crore at the rate of ₹100.75 crore per acre. The second highest bid of ₹75.50 crore per acre was also from Rajapushpa Properties, which offered a record ₹494.53 crore for 6.55 acres. In terms of the maximum total revenue invested in the e-auction, the Brigade Enterprises Limited has spent ₹660.28 crore for 9.71 acre of land with a bid price per acre of ₹68 crore.

Hyderabad Price Telangana Auction Crore Bid Hmda Acre Rajapushpa Properties  3k  bid  acre  layout  plots  govt  highest  auction  sold  cr  price  record  crore  development  hyderabad  fetch

History of this topic

GMADA Bags a Record-Breaking ₹1,893 Crore from Property Auction
1 month, 3 weeks ago

GMADA Bags a Record-Breaking ₹1,893 Crore from Property Auction

Hindustan Times  

GMADA generates a record-breaking revenue of ₹1,893.80 crore from the property auction held during Diwali. The authority sold 345 properties, with residential sites fetching the highest revenue at ₹1,153 crore. Commercial sites and SCOs also generated significant earnings, with the commercial site in Sector 68 fetching the highest price at ₹66.39 crore. The auction also saw a successful conclusion for …

Hyderabad records over 54,000 home sales worth more than ₹33,000 crore so far in 2024: Report
3 months ago

Hyderabad records over 54,000 home sales worth more than ₹33,000 crore so far in 2024: Report

Hindustan Times  

Hyderabad has registered a total of 54,483 homes sales valued at ₹33,641 crore between January-August 2024. While this reflects a 17% year-on-year growth in the value of homes during the month, the number of registrations recorded a 1% moderation, said an analysis by real estate consultancy Knight Frank India. The Hyderabad residential market encompasses four districts - Hyderabad, Medchal-Malkajgiri, Rangareddy, …

Hyderabad real estate market: Housing sales touch ₹58,000 crore in H1 2024
4 months, 2 weeks ago

Hyderabad real estate market: Housing sales touch ₹58,000 crore in H1 2024

Hindustan Times  

Hyderabad recorded a five-year high during the first half of 2024 with ₹58,481 crore in total home sales value, according to a joint report by CRE Matrix and Credai Hyderabad. The two brackets accounted for ₹4,727 crore and ₹4,861 crore respectively in home sales value during H1 2024. The under ₹1 crore segment saw the highest number of units sold …

Hyderabad Homebuyers Drive ₹58,841 Crore Market in H1 2024
4 months, 2 weeks ago

Hyderabad Homebuyers Drive ₹58,841 Crore Market in H1 2024

The Hindu  

During the first half of 2024, Hyderabad homebuyers bought 38,660 properties for Rs. Locality Wise Share by Hyderabad Homebuyers: In North West Hyderabad consisting of Serilingampally, Kukatpally, and Patancheru, 25,909 units worth ₹36,276 crores were bought by Hyderabad Homebuyers. Out of the total Hyderabad Homebuyers, South West Hyderabad region covering Mehdipatnam, Rajendra Nagar and Shamshabad sold 4,957 units accounting for …

Hyderabad's property registrations touch ₹12,000 crore in Q2 2024
4 months, 3 weeks ago

Hyderabad's property registrations touch ₹12,000 crore in Q2 2024

Hindustan Times  

Hyderabad's property registrations increased 11% year-on-year to 19,574 transactions, amounting to a total of ₹11,953 crore during the April-June period of 2024, according to a report released by proptech firm Square Yards on July 25. Homebuyers in Hyderabad are opting for bigger and costlier homes, report says The registered home sales value grew 27% annually while the number of transactions …

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY
5 months, 1 week ago

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY

Hindustan Times  

Hyderabad registered a total of 7,014 residential properties amounting to ₹4,288 crore in the month of June 2024, according to a report released by property consultancy Knight Frank India on July 15. Hyderabad registers 7,014 housing units worth ₹ 4,288 crore in June 2024 During the first half of the year, a cumulative 39,220 residential units worth ₹24,287 crore were …

Hyderabadis Buying Costly Properties
9 months, 2 weeks ago

Hyderabadis Buying Costly Properties

Deccan Chronicle  

The Hyderabad residential market includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. In February 2024, 45 per cent properties were in the price category of Rs 25-50 lakh, making it the single largest category of the property registered in Hyderabad. Properties priced below Rs 25 lakh constituted 14 per cent of the total registration. The share of the registration …

Hyderabad sees 6,938 property registrations worth ₹4,247 crore in February
9 months, 2 weeks ago

Hyderabad sees 6,938 property registrations worth ₹4,247 crore in February

The Hindu  

Residential property registrations in Hyderabad surged in February 2024, with 6,938 properties registered, marking a 21% increase Year-on-Year and a 27% Month-on-Month rise, according to the latest report by property consulting firm Knight Frank India. In February 2024, properties priced between ₹25 lakh and ₹50 lakh dominated, comprising 45% of total registrations, while those below ₹25 lakh accounted for only …

Godrej Properties wins bid for group housing plot for ₹506 crore in Noida
9 months, 3 weeks ago

Godrej Properties wins bid for group housing plot for ₹506 crore in Noida

Hindustan Times  

Listed real estate developer Godrej Properties has won the bid for a 6.45-acre group housing plot in Noida for a total bid value of ₹506 crore, Lokesh M, chief executive officer of the Noida Authority confirmed to HT on February 26. Godrej Properties wins bid for group housing plot for ₹ 506 crore in Sector 44, Noida, The real estate …

Delhi lawyer buys Dawood’s property, pays 1,300 times reserve price in land deal
11 months, 2 weeks ago

Delhi lawyer buys Dawood’s property, pays 1,300 times reserve price in land deal

Live Mint  

A Delhi-based lawyer on Friday acquired two agricultural plots in Khed taluka of Ratnagiri, originally owned by Amina Bi, the mother of fugitive terrorist Dawood Ibrahim. Notably, the smallest plot among the four, with an initial reserve price of ₹15,440, was auctioned for over ₹2 crore, marking a substantial increase of approximately 1,300 times the reserve price, TOI reported. In …

Residential sales in Hyderabad hit a new high of 32,880 units in 2023
11 months, 2 weeks ago

Residential sales in Hyderabad hit a new high of 32,880 units in 2023

Deccan Chronicle  

Hyderabad: Residential sales in Hyderabad rose 6 per cent on an annual basis to hit a historic high of 32,880 units in 2023. Hyderabad also recorded 88 lakh sqft office transactions in 2023 led by Global Capability Centres Residential launches in the city increased by 7 per cent to 46,985 units in 2023, which is also a new high. The …

Hyderabad s Kokapet Layout Land Goes for Rs 100 Cr an Acre
1 year, 4 months ago

Hyderabad s Kokapet Layout Land Goes for Rs 100 Cr an Acre

Deccan Chronicle  

Hyderabad: An acre at the Neopolis layout of Kokapet was sold for a record Rs 100.75 crore, at an e-auction conducted here on Thursday. The auction of 45.33 acres in the layout, divided into different plot sizes, fetched the government Rs 3,319.6 crore, against the upset price of Rs 1,586.50 crore. The second highest bid was by Navatris Investments at …

HMDA to hold e-auction of pooled lands, looks to generate Rs 250 cr
1 year, 11 months ago

HMDA to hold e-auction of pooled lands, looks to generate Rs 250 cr

Deccan Chronicle  

Hyderabad: The HMDA would sell 81 acres at Lemoor and 96 acres in Inmulnarva villages to generate Rs 250 crore through an auction, as per a notification issued by the authority. The urban authority’s share would be 40 per cent, while 60 per cent would be the landowners’ share. A senior official said that the e-auction would be held next …

HMDA to raise Rs 600 crore via e-auction of lands
2 years ago

HMDA to raise Rs 600 crore via e-auction of lands

Deccan Chronicle  

Hyderabad: The Hyderabad Metropolitan Development Authority is planning to e-auction 1.20 square yards or roughly 25 acres of land in Ranga Reddy, Sangareddy, and Medchal-Malkajgiri districts, which is likely to fetch Rs 600 crore. The HMDA announced that plot sizes ranging from 300 to 10,000 square yards will be subject to e- auction, with the minimum price per square yard …

Telangana: HMDA to sell 3,786 plots to fill State coffers
2 years, 5 months ago

Telangana: HMDA to sell 3,786 plots to fill State coffers

Deccan Chronicle  

Hyderabad: The Municipal Administration and Urban Development department is on an auction spree. The department through Hyderabad Metropolitan Development Authority has issued a notification to auction as many as 233 prime plots in Turkayamjal, Thorrur, and Bahadurpally layouts on June 30. Ambedkar Open University, where the allotment of Bandlaguda flats was held on Monday, barring Bachupally e-auction the HMDA would …

HMDA plans smaller plots to woo middle class buyers
2 years, 9 months ago

HMDA plans smaller plots to woo middle class buyers

Deccan Chronicle  

HYDERABAD: After realtors and developers shied away from the recent land auction by the Hyderabad Metropolitan Development Authority, the urban planning authority is said to be contemplating to divide 600 square yards and above plots to 150 square yards to 300 square yards to make it affordable for the middle class. The municipal authority earmarked 600 square yards for constructing …

Uppal Bhagayath lands in Hyderabad collect Rs 141 crore on day 1 of auction
3 years ago

Uppal Bhagayath lands in Hyderabad collect Rs 141 crore on day 1 of auction

India Today  

The e-auction taken up by the Hyderabad Metropolitan Development Authority for Uppal Baghayath plots fetched Rs 141.61 crore for the government on the first day on Thursday. The auction of 44 developed plots spread over 1,35,408 square yards located in the eastern part of the city was held by the Hyderabad Metropolitan Development Authority on the online platform managed by …

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