Hyderabad

HMDA bags ₹155 cr. on first day of Uppal Bagayat auction

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On the first day of e-auction of plots in its Uppal Bagayat layout on Saturday, HMDA got the highest price of ₹77,000 per square yard for a 166-square-yard residential plot.

HMDA has garnered over ₹155 crore by way of the auctions on the first day.

A total of 58 plots were up for auction, conducted in two sessions. Four plots received only a single bid and hence will be cancelled, while two plots did not have any takers.

The lowest price was ₹30,200 for a plot of 1,775 square yards. The average price realised in the first session for 29 plots was ₹60,452 per square yard, and in the second session, it was ₹46,588 per square yard. During the first level of e-auction in April this year, the highest price realised was ₹73,900 per square yard, and the average bid was for ₹51,516 per square yard.

The e-auction will go on for two more days.

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Printable version | Jan 28, 2020 9:45:11 PM | https://www.thehindu.com/news/cities/Hyderabad/hmda-bags-155-cr-on-first-day-of-uppal-bagayat-auction/article30308221.ece

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