The Hyderabad Metropolitan Development Authority (HMDA) has successfully raised approximately ₹101.51 crore from the e-auction of residential plots in the Mokila and Bachupally layouts. The auction saw high participation from investors and homebuyers.
- HMDA garnered approximately ₹101.51 crore from recent residential plot auctions.
- 57 out of 70 plots were successfully sold in the Mokila and Bachupally layouts.
- Mokila layout saw the highest bid of ₹87,500 per square yard.
- The auction received significant interest from both investors and homebuyers.
The Hyderabad Metropolitan Development Authority (HMDA) has achieved a significant financial milestone through the e-auction of residential plots. The authority reported a total revenue of approximately ₹101.51 crore from the sale of plots in the recently developed Mokila and Bachupally layouts. The auction, which concluded on Wednesday, saw a high success rate with 57 out of the 70 available plots being sold.
Detailed Breakdown of Auction Results
The Mokila layout emerged as the primary revenue driver during this auction cycle. A total of 32 plots were sold in this area, generating roughly ₹66.48 crore. The demand in Mokila was particularly intense, with the highest bid reaching a staggering ₹87,500 per square yard. The average auction price for this layout settled at ₹63,511 per square yard.
In the Bachupally layout, 25 plots were successfully auctioned, contributing ₹35.03 crore to the total revenue. The highest bid in Bachupally was recorded at ₹67,500 per square yard, while the average price per square yard stood at ₹51,991. The high volume of sales indicates a robust appetite for residential land in the outskirts of Hyderabad.
Why This Matters
BozokMedia analysis shows that these auction results underscore the rapid urbanization and the expanding footprint of Hyderabad. The massive influx of capital into HMDA projects suggests that institutional and individual investors view these planned layouts as high-yield assets, which in turn fuels the state's infrastructural growth.
The high bidding rates in Mokila and Bachupally reflect a strong confidence in Hyderabad's suburban real estate expansion.
| Layout Name | Plots Sold | Highest Bid (per sq. yard) | Total Revenue (Approx) |
|---|---|---|---|
| Mokila | 32 | ₹87,500 | ₹66.48 Cr |
| Bachupally | 25 | ₹67,500 | ₹35.03 Cr |
Frequently Asked Questions
Question 1: How much total revenue did HMDA collect from this auction?
Answer: HMDA collected approximately ₹101.51 crore from the auction of plots in Mokila and Bachupally.
Question 2: Which layout saw the highest per-square-yard price?
Answer: The Mokila layout saw the highest bid of ₹87,500 per square yard.
