3 weeks ago

HMDA to auction prime Kokapet land for Rs 3,000-5,000 crore

HMDA to auction prime Kokapet land for Rs 3,000-5,000 crore
HMDA to take up fresh auction to rake in Rs 3,000 cr to Rs 5,000 cr · thehansindia.com

There is a big organization called HMDA that takes care of a large city called Hyderabad.

HMDA owns pieces of land in the city.

It sells some of that land to people who want to build homes or offices.

Before selling, HMDA holds an auction, where buyers compete and offer money.

The land in an area called Kokapet is very expensive, with one acre priced as high as Rs 120 crore.

HMDA wants to earn Rs 3,000 to Rs 5,000 crore from this new round of selling.

The money will be used to build roads, water lines, and other things the city needs.

HMDA has done this before and earned over Rs 1,000 crore in December 2025.

The new auctions will happen in late August and early September.

This way, the city can get new infrastructure without spending its own savings.

Key facts

Authority
Hyderabad Metropolitan Development Authority (HMDA)
Target revenue
Rs 3,000 crore to Rs 5,000 crore
Neopolis offset price
Rs 120 crore per acre
Golden Mile offset price
Rs 70 crore per acre
Previous Neopolis auction revenue
Over Rs 1,000 crore (December 2025)
Revenue from three earlier auctions
Around Rs 3,708 crore
Auction dates
August 24 to September 9
Kokapet parcels
Neopolis 4.59 acres; Golden Mile 0.70 acres

Sources

Related news