Hyderabad development body’s land auctions collected Rs. 137 crores

On Thursday, in land auctions conducted by HMDA, one plot in Turkayamjal was sold for Rs 62,500 per sq. yard against the set up price of Rs 40,000.

HYDERABAD: Eastern and northern parts of Hyderabad proved to be the best for realtors together with the western part of the city, where the real boom happens.

On Thursday, HMDA conducted e-auctions for 85 plots including 34 plots in Turkayamjal and 51 plots in Bahadurpally. The auctions fetched about 137 crores to the government.

HMDA metropolitan commissioner and special chief secretary Arvind Kumar informed that 85,73 valid bids including 50 in Bahadurpally and 23 in Turkayamjal. There were no valid bids for 10 plots in Turkayamjal.

On Friday, the government decided to continue e-auctions in Thorrur in two sessions

The lowest bid amount in Turkayamjal and Bahadurpally was Rs 40,500 and Rs 29,000 per sq yard respectively. In Bahadurpally, located near Dundigal,  the government put Rs 25,000 per sq yard as the basic price, the highest quoted amount was Rs 42,500 per sq yard.

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