KPHB plots, flats fetch record bids in open auction
HYDERABAD: Kukatpally Housing Board (KPHB) plots and flats drew record bids at an open auction held on Friday.
The auction covered four open plots in Phases 1 and 2 of Dharmareddy Colony and eight flats in Sampoorna Apartments in Phase 15.
In an official release, Telangana Housing Board vice-chairman V P Gautam said 40 buyers participated in the auction.
“The minimum price for an LIG category plot was set at ₹1.30 lakh per square yard, but one plot was sold for ₹2.65 lakh per square yard, while another fetched ₹2.41 lakh per square yard,” he said.
For vacant flats in Sampoorna Apartments, the upset price was fixed at ₹90 lakh.
Buyers bid up to ₹1.10 crore for a 1,400 sq ft flat. Other flats were sold for ₹1.08 crore, ₹1.07 crore and ₹1.06 crore, Gautam added.
The Housing Board generated about ₹24.26 crore through the auction. This included ₹15.81 crore from open plots and ₹8.45 crore from flats in Sampoorna Apartments, the release said.
