Telangana government nets crores from plot auction in Mokila
Real Estate

Telangana government nets crores from plot auction in Mokila

Not just Kokapet, but even the nearby communities of Mokila appear to be seeing record real estate prices. The state government won a 165-acre plot at auction on Monday in Mokila village, close to the Narsingi-Shankarpally road, for three times the going rate per square yard.

The Hyderabad Metropolitan Development Authority (HMDA) held an auction for plots, with the highest bid reaching Rs. 1.05 lakh per square yard (for plot no. 242) and the lowest at Rs. 72,000 per square yard (for plots no. 266 & 311). Rs 80,397 was the average bid price per square yard.

In total, 48 of the 50 plots that were put up for sale and ranged in size from 300 to 500 square yards were sold by the state, bringing in a total of Rs 121 crore. Two plot auctions were canceled as a result of unusual or incorrect bids.

Not just Kokapet, but even the nearby communities of Mokila appear to be seeing record real estate prices. The state government won a 165-acre plot at auction on Monday in Mokila village, close to the Narsingi-Shankarpally road, for three times the going rate per square yard. The Hyderabad Metropolitan Development Authority (HMDA) held an auction for plots, with the highest bid reaching Rs. 1.05 lakh per square yard (for plot no. 242) and the lowest at Rs. 72,000 per square yard (for plots no. 266 & 311). Rs 80,397 was the average bid price per square yard. In total, 48 of the 50 plots that were put up for sale and ranged in size from 300 to 500 square yards were sold by the state, bringing in a total of Rs 121 crore. Two plot auctions were canceled as a result of unusual or incorrect bids.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code