HMDA conducted e-auction of open plots pertaining to Neopolis @ Kokapet Phase –II, Gandipet Mandal, Rangareddy district through MSTC. The Auction of plots was widely published to attract the investors and real estate developers across the metro cities of Mumbai, Bangalore, Chennai etc, and Including Hyderabad. The entire layout is developed with most modern infrastructure 36 and 45 mtrs wide road and the plots are meant for high rise buildings with unlimited FSI.
The layout is very close to the social infra, connectivity to the main parts of the city through ORR and Other connecting roads. Total (07) plots raining from 3.60 Acres to 9.71 Acres at Kokapet an extent of 45.33 Acres were auctioned. The upset price value for the above plots was 1586.50 crores. The total revenue to be received through auction for the above plots Crores Rs. 3319.60. Highest price received was Rs. 100.75 per Acre which is all time High Record in the State. The upset price fixed was Rs. 35.00 Crores per acre whereas the average bid price per acre is Rs. 73.23 Crores.
