Kokapet Neopolis Land Auction Surges to Rs 1,353 Crore for 9.06 Acres
Hyderabad: Land prices in Kokapet, located in Gandipet mandal of Rangareddy district, have reached an unprecedented high with a record-breaking Rs 151.25 crore per acre fetched at an electronic auction conducted by the Hyderabad Metropolitan Development Authority (HMDA) on Friday. This auction was held at the prestigious Neopolis Layout, reaffirming Kokapet’s position as one of the most sought-after real estate destinations in Hyderabad.
The government earned a massive Rs 1,353 crore by auctioning just 9.06 acres across two prime plots, creating significant ripples across the real estate sector. The auction saw intense competition among leading developers, with the base price for these plots set at Rs 99 crore per acre.
Top developers grab prime plots In the e-auction, Laxminarayana Company acquired Plot No. 15, measuring 4.03 acres, at the highest-ever rate of Rs 151.25 crore per acre. Godrej Properties secured Plot No. 16, spanning 5.03 acres, at Rs 147.75 crore per acre. The bidding began at 11 am and extended till 6 pm, reflecting the keen interest and fierce competition among the participants.
New record in Hyderabad’s Real Estate History This sale marks the highest-ever per-acre land price in Hyderabad’s history. Just four days earlier, on November 24, land in the same Neopolis Layout (Plot No. 18) fetched Rs 137.25 crore per acre. The sharp rise to Rs 151.25 crore within days highlights the rapid appreciation of premium land in the Kokapet corridor. Real estate experts say this will boost market sentiment and push up surrounding property values significantly.
More high-value auctions on the way HMDA has lined up more major land auctions in the Neopolis and surrounding areas. Over 8 acres in Plots 19 and 20 will be auctioned on December 3. Another 1.98 acres in the Kokapet Golden Mile will go under the hammer on December 5. These upcoming auctions are expected to generate substantial additional revenue.
HMDA revenues surge with rising approvals The number of applications for building permissions and layout approvals under HMDA has been steadily increasing. So far this year alone, HMDA has generated over Rs 1,000 crore in revenue. In the coming year, high-value land parcels located in Bayragiguda, Chandanagar, Puppalaguda, Bachupally, Bowrampet, Chengicherla, and Suraram across Rangareddy, Medchal–Malkajgiri, and Medak districts will be auctioned. HMDA expects these sales to generate an estimated Rs 10,000 crore in revenue.
The success of the recent Kokapet Neopolis auction is a clear indication of the strong demand for prime real estate in Hyderabad. This momentum is expected to continue, driving further development and investment in the region.
