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Saroornagar Land Parcel Fetches ₹71.44 Crore at Auction
A government development authority auctioned a piece of land in Saroornagar.
The land covered 4,356 square yards.
It was auctioned on Monday.
The winning bid brought in ₹71.44 crore.
The highest bidder offered ₹1.64 lakh for each square yard.
The starting price set by the authority was ₹1.5 lakh per square yard.
Many people were interested because the land is close to important roads and neighborhoods.
Its location near LB Nagar, Dilsukhnagar, and other city hubs could make it useful for future development.
A 4,356-square-yard land parcel in Saroornagar was auctioned on Monday.
The auction generated total revenue of ₹71.44 crore.
The highest bid reached ₹1.64 lakh per square yard.
The Hyderabad Metropolitan Development Authority had set an upset price of ₹1.5 lakh per square yard.
The site attracted strong interest because of its connectivity and nearby commercial, residential, and social infrastructure.
- Who
- The Hyderabad Metropolitan Development Authority conducted the auction.
- What
- A 4,356-square-yard land parcel was auctioned for ₹71.44 crore.
- Where
- Saroornagar village and mandal in Rangareddy district, near Hyderabad.
- When
- The auction took place on Monday.
- Why
- The site attracted competitive bidding because of its connectivity to major transportation corridors and nearby commercial, residential, and social infrastructure.
Key facts
- Auction authority
- Hyderabad Metropolitan Development Authority
- Location
- Saroornagar village and mandal, Rangareddy district
- Plot size
- 4,356 square yards
- Auction revenue
- ₹71.44 crore
- Highest bid
- ₹1.64 lakh per square yard
- Upset price
- ₹1.5 lakh per square yard
- Nearby connectivity
- LB Nagar, Dilsukhnagar, the Inner Ring Road, and key commercial and residential hubs
Sources
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