Kokapet Auction: Land Prices Hit ₹137 Crore per Acre

Kokapet land prices have once again skyrocketed into the hundreds of crores! In the latest auction, HMDA recorded massive bids, surpassing the previous benchmarks set two years ago.

 Latest Kokapet Auction Highlights

• Record Price: This time, land in Kokapet fetched ₹137 crore per acre.

• Total Revenue: HMDA earned ₹1,356 crore from auctioning 9.9 acres.

• Two Years Ago: The highest price was ₹100.75 crore per acre, with an average of ₹73 crore per acre.

• Now: The average price has jumped to ₹136.75 crore per acre — a stunning 87% increase.

 Auction Details

• The auction was conducted online by MSTC e-commerce from 11 AM to 4 PM.

• Over 10 top national and local real estate developers participated.

Plot No. 18 – 5.31 acres

• Sold for ₹137.25 crore per acre

• Buyer: MSN Urban Ventures LLP

• Total: ₹728 crore

Plot No. 17 – 4.59 acres

• Sold for ₹136.50 crore per acre

• Buyer: Vajra Housing Projects LLP

 Real Estate Impact

• The sharp rise in pricing shows the strength and stability of Hyderabad’s real estate market.

• Developers are celebrating the surge, viewing Kokapet as one of the most premium investment zones.

• MSN Urban Ventures had previously bought 7 acres here for ₹73 crore per acre and plans to build a corporate office. Now they acquired an additional 5.31 acres.

 Payment Rules

• After deducting the ₹5 crore deposit, buyers must pay 25% of the plot price within 7 days.

• The remaining 75% should be paid in the final installment.

• Failure to pay the first installment within a week will cancel the allotment, and the deposit will not be refunded.

 Upcoming Auctions

• Nov 28: Plots 15 & 16

• Dec 3: Plots 19 & 20