Hyderabad Metropolitan Development Authority bags Rs 155 crore on day one of e-auctioning plots

Hyderabad | Sunday | 15th December, 2019

Summary:

As against the expected Rs 98 crore, the HMDA bagged a whopping Rs 155 crore on day one. While the upset price the HMDA fixed for residential plots was Rs 30,000 per sq yard, the highest bid was Rs 77,000 per sq yard, while the lowest amount at which a plot was e-auctioned was Rs 30,200 per sq yard. Most remaining plots fetched between Rs 60,000 and Rs 70,000 per sq yard. The upset price for residential and multi-purpose plots is Rs 30,000 per sq yard, and for commercial amenities it is Rs 40,000 per sq yard. There are 21 plots less than 300 sq yards, 37 between 300 and 500 sq yards, 13 between 500 and 1,000 sq yards, 32 between 1,000 and 2,000 sq yards, and 21 larger than 2,000 sq yards..