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After the recent record-breaking land auctions in Hyderabad’s Kokapet Neopolis layout, the Hyderabad Metropolitan Development Authority (HMDA) is preparing to put another 70 acres on the block. The government expects this round to generate at least ₹7,000 crore, and possibly cross ₹8,000 crore, depending on developers’ response.
In the first phase held in November, HMDA auctioned 29 acres in three rounds, achieving unprecedented prices.
Highest bid: ₹151 crore per acre
Total revenue: ₹3,862.8 crore
The unexpectedly strong response from developers has encouraged the government to move ahead with another major sale in the same premium location.
The land now being readied for auction was allotted a decade ago for an IT Special Economic Zone (SEZ). Eleven companies were granted long-term leases, but none established operations on the site.
Some firms have already withdrawn from their leases
The original lease period has expired
HMDA has now regained full control over the entire 70-acre stretch
The area already has major infrastructure — wide roads, power supply, and other essential amenities.
HMDA officials have begun engaging with the companies that previously held leases to formally complete cancellation procedures. Once this is done, the land will be eligible for public auction without any legal complications.
With Kokapet emerging as one of India’s most expensive real estate zones, HMDA is confident of achieving high bids:
Base expectation: ₹100 crore per acre
Total estimated revenue: ₹7,000 crore
Real estate analysts say that if competition intensifies—like in the previous auction—the total could cross ₹8,000 crore.
The government plans to use the proceeds to finance key infrastructure and mobility projects under the ‘Rising Telangana 2047’ vision.
Priority funding areas include:
Hyderabad Metro Rail expansion
Bus Rapid Transit System (BRTS)
Elevated corridors and traffic improvement works
Officials also argue that keeping large government-owned land parcels vacant increases the risk of encroachments — as seen in Miyapur and Jawaharnagar — making timely auctions the preferred choice.
The recent auctions have reaffirmed Kokapet as Hyderabad’s hottest real estate market:
In the latest round, one parcel touched ₹131 crore per acre, another sold for ₹118 crore per acre
Eight acres together fetched close to ₹1,000 crore
Industry experts say the steep rise in land prices at Neopolis will significantly boost investor sentiment across Hyderabad’s real estate market.
Kokapet Neopolis Phase 3 E-Auction: Plot No.19 sold at ₹131 crore/acre, Plot No.20 at ₹118 crore/acre; 8.04 acres fetch massive revenue for HMDA
Hyderabad:
Beating its Nov 24 record, the Neopolis auction hit a new high on Friday as a 4.03-acre land parcel here went for a staggering ₹151.25 crore per acre, adding ₹609 crore (approx.) to the state’s revenue.
The second 5.03-acre land too fetched the Hyderabad Metropolitan Development Authority (HMDA) a handsome ₹147.75 crore per acre — the two collectively raising ₹1,352 crore.
During the previous round of Neopolis auctions held earlier this week, the highest bid stood at ₹137 crore.
On Friday, plot no. 15 (4.03 acres) was jointly secured by Lakshmi Narayana Gummadi, Karethesel Reddy Madgula, Bharat Ventrapragada, and Shyam Sunder Reddy Vangala.
The other plot (no. 16) was picked up by Godrej Properties Limited.
HMDA’s combined revenue from the three Neopolis auctions has now touched ₹2,708 crore.
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