1 hr ago
KPHB Plot Fetches ₹2.70 Lakh Per Square Yard
The Housing Board held an auction for open plots in KPHB Colony.
People bid money to buy the plots.
One plot sold for ₹2.70 lakh for each square yard.
Another sold for ₹2.36 lakh per square yard.
Two more plots sold for ₹2.06 lakh per square yard.
The starting minimum price was ₹1.60 lakh per square yard.
The auction brought in about ₹47.14 crore.
Nineteen bidders took part.
Officials said the auction was conducted transparently and the plots had amenities and no disputes.
A KPHB Colony plot sold for ₹2.70 lakh per square yard in a public auction.
Another plot fetched ₹2.36 lakh per square yard, while two sold at ₹2.06 lakh.
The Housing Board set the minimum price at ₹1.60 lakh per square yard.
The auction generated approximately ₹47.14 crore in revenue, officials said.
Nineteen bidders participated, and officials said the plots were developed, amenity-equipped and dispute-free.
- Who
- The Housing Board and 19 bidders participated; Housing Board vice chairman V.P. Gautham announced the results.
- What
- Open plots were sold through a public auction, with the highest price reaching ₹2.70 lakh per square yard.
- Where
- Kukatpally Housing Board Colony in Hyderabad, Telangana.
- When
- The auction was held on Wednesday; the response notification was issued on August 10.
- Why
- The Housing Board conducted the auction for developed, amenity-equipped plots that officials said were free from disputes.
Key facts
- Highest price
- ₹2.70 lakh per square yard
- Second-highest price
- ₹2.36 lakh per square yard
- Other sale prices
- Two plots sold at ₹2.06 lakh per square yard
- Minimum price
- ₹1.60 lakh per square yard
- Auction revenue
- Approximately ₹47.14 crore
- Number of bidders
- 19
- Average price
- Approximately ₹1.79 lakh per square yard
Quotes
Housing Board officials
Officials associated with the Telangana Housing Board auction
“Plots were well-developed, equipped with amenities and free from disputes.”
deccanchronicle.com
Sources
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