Rs 2.98 lakh per sq yard in KPHB!

The Telangana Housing Board auctioned vacant plots belonging to the Housing Board along the main road of KPHB–Hitec City, and the prices fetched were record-breaking. A total of 87 participants took part in the auction held for 18 house plots in this colony. The plots ranged from 198 to 987 square yards. Officials estimate that the revenue from the auction will be around Rs 150 crores. The total revenue generated for 6,237 square yards was Rs 141.36 crores. Housing Board officials stated that this is the first time in recent times that prices have reached such levels. The highest bid was Rs 2.98 lakh per square yard, while the lowest bid was Rs 1.70 lakh per square yard. Since this auction was conducted under some special circumstances, it should be noted that this rate will not apply throughout the KPHB area, and this price is not standard.