Hyderabad: The Telangana Industrial Infrastructure Corporation recorded a strong response to its land auction held in Hyderabad on Thursday, April 23, fetching a total of Rs 768.36 crore from the sale of prime land parcels at Osmannagar in Tellapur.
According to a report by Eenadu, two plots with a combined extent of 15.81 acres were auctioned in two sessions, drawing aggressive bidding from leading real estate firms.
Also Read
Hyderabad plots auction sees record bids, prices hit Rs 1.76 lakh per sq yard Plot detailsPlot No. 1, measuring 10.09 acres, was acquired by Rajapushpa Properties for Rs 517 crore, translating to a record Rs 51.25 crore per acre. The price was significantly higher than the base value of Rs 39 crore per acre, marking an increase of around 30 per cent.
Meanwhile, Plot No. 6, spread across 5.72 acres, was bagged by Brigade Enterprises at Rs 44 crore per acre, taking its total value to approximately Rs 251.36 crore.
Overall, the auction averaged about Rs 48.6 crore per acre.
Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS.
-
Steam Controller price leaks as Steam Machine release date rumours gain momentum
-
'Most Trashed Beach': Foreign Tourist Reacts To Indians Carelessly Littering In Public Spaces; Calls It 'Shameful'
-
A silent crisis: scorching heat, rising UVI
-
Strictly hosts Tess and Claudia's replacements 'decided' - and it is two huge names
-
Meet the Mystery Girl of CSK: Tabassum Khan
