HMDA raises plot prices ahead of e-auction
HYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) has increased the reserve prices of plots scheduled for online auction next month amid strong demand from buyers in India and abroad. Buyers continue to show interest in HMDA layouts because of confidence in clear titles and the absence of legal disputes.
At Mokila, where HMDA is developing a large layout spread across 165 acres along the Hyderabad–Shankarpally main road, the reserve price has been doubled to ₹50,000 per square yard from ₹25,000 fixed three years ago.
The authority is developing the layout with international-standard infrastructure. The project includes 1,321 plots and wide internal roads. An additional 80 acres have recently been added, with officials envisioning a mini-city on the lines of the Financial District.
In the first phase of auctions held three years ago, 50 plots were offered and received a strong response. Against a reserve price of ₹25,000 per square yard, bids crossed three times that level. The highest bid touched ₹1.05 lakh per square yard, while the lowest was ₹72,000. The average price stood at ₹80,397 per square yard.
The sale of 48 plots generated ₹121 crore for the government. Encouraged by the response, HMDA later auctioned 300 more plots, with prices continuing to remain in the lakh-rupee range.
Medipally plots set for fresh auction
HMDA has also developed a 55.12-acre layout with 434 plots at Medipally along the Hyderabad–Warangal National Highway.
The authority is providing roads, street lighting, drinking water pipelines, tanks and drainage infrastructure. More than 350 plots have already been sold in earlier phases. The remaining plots will be offered through an online auction next month.
Officials have fixed the reserve price at ₹45,000 per square yard for the upcoming Medipally auction, compared with ₹25,000 per square yard during auctions conducted three years ago.
Hakimpet land valued at Kokapet levels
HMDA has also fixed a reserve price of ₹99 crore per acre for land at Hakimpet, matching valuations seen earlier in Kokapet auctions.
The online auction process is scheduled to begin on June 17.
Kokapet emerges as Hyderabad’s next economic hub
Kokapet has evolved from a suburban locality into one of Hyderabad’s fastest-growing business and residential destinations. Integrated with the Information Technology corridor, the area is emerging as a major employment and commercial centre.
Large-scale real estate projects, expanding office spaces and infrastructure investments are driving demand. Experts believe Kokapet is positioned to become a key economic hub for Hyderabad in the coming decade.
Metro, rail and road projects boost connectivity
The proposed second phase of Hyderabad Metro includes an 11-km corridor from Raidurg Metro Station through Gachibowli, Nanakramguda and the Financial District to Neopolis in Kokapet.
The proposed Mumbai–Pune–Hyderabad high-speed rail corridor is also planned up to Kokapet. The Telangana government is exploring an extension to Shamshabad Airport and has indicated its willingness to allocate around 500 acres for a high-speed rail network hub.
The locality already benefits from connectivity through the Outer Ring Road (ORR), including dedicated interchanges and trumpet connections to Neopolis.
Luxury housing and corporate growth drive demand
Corporate offices, luxury residential developments and commercial projects are expanding rapidly between Gachibowli, the Financial District and Kokapet.
Developers are launching ultra-luxury residential projects priced between ₹5 crore and ₹25 crore in and around Gandipet, Manchirevula, Narsingi, Mokila, Kollur, Vattinagulapally and Shankarpally.
Many residents from Banjara Hills and Jubilee Hills are also shifting to gated communities in the Kokapet region.
Global firms strengthen Kokapet’s profile
Several global technology companies, including Google, Microsoft, Amazon and Apple, operate in the surrounding Information Technology corridor.
Neopolis, a 534-acre layout developed by HMDA, is expected to become a major commercial destination with high-rise developments and large office projects. Developments such as My Home Grava and Rajapushpa West Avenue are expected to create employment opportunities across software, finance, banking, insurance and management sectors.
Experts say Kokapet’s infrastructure, connectivity and commercial growth could place it among India’s most significant urban business districts in the years ahead.
