Archive · 3 Sep 2026
KPHB Housing Board Plot Auction Raises ₹47.14 Crore
The Housing Board held an auction to sell 16 plots in KPHB.
An auction is when people compete by offering money for something.
The starting price was ₹1.60 lakh for each square yard.
One plot received the highest offer of ₹2.70 lakh per square yard.
Another plot sold for ₹2.36 lakh per square yard.
Two more plots sold for ₹2.06 lakh per square yard each.
Nineteen people took part in the auction.
The sale brought about ₹47.14 crore to the Housing Board, and officials said the plots had amenities and no disputes.
The Housing Board auctioned 16 MIG plots in Phase 7 of KPHB.
The highest bid reached ₹2.70 lakh per square yard.
One plot sold for ₹2.36 lakh per square yard, while two fetched ₹2.06 lakh each.
The upset price was fixed at ₹1.60 lakh per square yard.
Nineteen bidders participated, generating approximately ₹47.14 crore in revenue.
- Who
- The Housing Board and 19 bidders participated; Housing Board Vice-Chairman V.P. Gautham announced the results.
- What
- Sixteen MIG plots were sold through a public auction, with the highest price reaching ₹2.70 lakh per square yard.
- When
- The auction was held on Wednesday; officials referred to a response notification issued on August 10.
- Where
- Phase 7 of Kukatpally Housing Board Colony in Hyderabad, Telangana.
- Why
- The Housing Board conducted a public auction to sell the developed plots, generating revenue of approximately ₹47.14 crore.
- Plots auctioned
- 16 MIG plots
- Location
- Phase 7, Kukatpally Housing Board Colony
- Highest bid
- ₹2.70 lakh per square yard
- Second-highest bid
- ₹2.36 lakh per square yard
- Other sale prices
- Two plots sold at ₹2.06 lakh per square yard each
- Upset price
- ₹1.60 lakh per square yard
- Auction revenue
- Approximately ₹47.14 crore
- Participants
- 19 bidders
