Across all 27 acres auctioned in the three phases, the revised average realisation stood at ₹137.36 crore per acre, a testament to the micro-market's magnetic pull.
Published Dec 05, 2025 | 8:56 AM ⚊ Updated Dec 05, 2025 | 8:56 AM
Kokapet Neopolis. (Creative Commons)
Synopsis: The HMDA recently completed a three-phase land auction in the Hyderabad suburb of Kokapet. The auction fetched an impressive ₹3,708 crore for the land parcels, underscoring a dramatic increase in land values and investor fervour.
Hyderabad is truly becoming India’s premier real estate destination. The Hyderabad Metropolitan Development Authority (HMDA) completed the third and final phase of its high-stakes land auctions in the upscale Kokapet suburb’s Neopolis layout, netting a staggering ₹1,000 crore.
This latest windfall elevates the cumulative haul from the three-phase series to an impressive ₹3,708 crore, underscoring a dramatic increase in land values and investor fervour.
The auctions, which unfolded over the last fortnight, have not only broken the previous benchmarks but also highlighted Kokapet’s evolution from a peripheral enclave to a coveted corridor for luxury commercial and residential developments.
Strategically nestled adjacent to the Financial District and the Outer Ring Road, Neopolis has captivated major players in the real estate sector, drawn by its proximity to IT hubs, world-class infrastructure, and untapped potential for high-rise townships.
The inaugural phase, which kicked off on 24 November, set the tone with two premium plots spanning approximately 9.9 acres, fetching a record ₹1,356 crore. Bidding wars peaked at ₹137.25 crore per acre for one parcel, eclipsing the 2023 cycle’s average of ₹73 crore per acre by nearly 88 percent — a clear barometer of renewed market confidence post-pandemic recovery.
Hot on its heels, the second phase on 28 November delivered equally electrifying results, with another duo of plots totalling 9.06 acres commanding ₹1,352 crore. Here, the competition propelled prices to an unprecedented ₹151.25 crore per acre for a 4.03-acre plot (No. 15), acquired by a consortium of developers, while an adjoining 5.03-acre site (No. 16) went for ₹147.75 crore per acre.
Cumulatively, these two phases alone injected ₹2,708 crore into HMDA’s coffers, surpassing initial projections and fueling optimism for the series.
The third phase auction on 3 December, was on similar lines. Land of 8.04 acres across two plots — measuring 4 acres (No. 19) and 4.04 acres (No. 20) — garnered nearly ₹1,000 crore. Alhough slightly tempered compared to prior highs, bids averaged at ₹124.5 crore per acre, with Yula Constructions and Globus Infracon LLP clinching the first at ₹131 crore per acre, and Brigade Enterprises securing the second at ₹118 crore per acre.
Across all 27 acres of land auctioned in the three phases, the revised average realisation stood at ₹137.36 crore per acre, a testament to the micro-market’s magnetic pull.
The jaw-dropping auctions paint a vivid portrait of Hyderabad’s ascent as a global city-state, where land isn’t just sold — it’s invested in future. The 87 percent year-on-year surge in per-acre valuations from 2023 reflects a confluence of factors: Robust economic tailwinds.
(Edited by Muhammed Fazil.)
