The Neopolis layout at Kokapet has epitomised the staggering proportions of realty market in the city on Thursday, when HMDA collected a windfall of a whopping ₹3,320 crore from the auction of land parcels in the layout.
The highest price bid was ₹100.75 crore per acre for a 3.6 acre land by Rajapushpa Properties Private Limited. It is said to be a record in the history of HMDA, and of Hyderabad.
Average price yielded in the auction was ₹73.23 crore per acre, while the lowest was ₹67.25 crore.