A plot auctioned by the Telangana Housing Board in Kukatpally Housing Board has fetched a record ₹2.18 lakh per square yard, as the state agency generated ₹33.11 crore from the sale of 11 land parcels in Phase XV.
The Housing Board auctioned 21 properties in total, including 10 residential plots and one other land parcel that received successful bids. The 11 properties sold on Thursday attracted 23 active participants, according to the Telangana Housing Board.
The highest successful bid was ₹2.18 lakh per square yard, while the lowest was ₹1.56 lakh per square yard. The reported spread in bidding values reflects the prices achieved for the parcels that received successful bids, although the supplied report does not provide the individual plot sizes, reserve prices or the locations of each property within Phase XV.
The auction is significant for the Housing Board because it converts vacant land assets into revenue through competitive bidding. The agency said the proceeds from the auction amounted to ₹33.11 crore and described the sale as part of its continuing effort to unlock the value of vacant land through a transparent process.
“Generating a revenue of ₹33.11 crore, this successful auction marks an important step in our continued efforts to unlock the value of vacant land assets through transparent and competitive bidding,” the board said.
The results also indicate that demand was concentrated in part of the auction inventory. While 21 land parcels were offered, successful bids were received for 11, leaving 10 properties unsold in the reported auction. The source report does not specify whether the remaining parcels will be offered again, nor does it provide details of the next auction schedule.
The Kukatpally auction adds to the continuing role of public land sales in Hyderabad’s real-estate market. For the Housing Board, the immediate outcome is measurable in the revenue generated and the price achieved for the highest-selling parcel. For prospective buyers and market observers, the final values provide a current reference point for land bidding in the Kukatpally Housing Board area, though the absence of plot-wise details limits direct comparison across the properties.
The Telangana Housing Board has not, in the supplied announcement, released further details on the successful bidders, the dimensions of the individual plots or the implementation timeline for the remaining 10 properties. The next publicly reported step will be whether those parcels are re-auctioned and how the board accounts for the auction proceeds.
