Telangana Housing Board Plot Fetches ₹2.18 Lakh Per Sq Yard

A plot auctioned by the Telangana Housing Board in Kukatpally Housing Board (KPHB) Colony, Hyderabad, has fetched ₹2.18 lakh per square yard.

The auction was part of the board's Phase XV land sale and generated a total revenue of ₹33.11 crore from 11 successfully auctioned properties.

According to the Housing Board, 21 properties were offered in the auction. These included residential plots and another land parcel. Successful bids were received for 11 properties, while the remaining 10 did not receive successful bids.

Housing Board Auction Attracts 23 Participants

The auction attracted 23 active participants, according to the Telangana Housing Board. The successful bidders secured 11 properties from the 21 parcels offered for sale.

The bidding results showed different price levels across the properties.

The highest successful bid reached ₹2.18 lakh per square yard, while the lowest successful bid stood at ₹1.56 lakh per square yard.

The auction generated ₹33.11 crore for the Housing Board. The agency said the sale was part of its efforts to unlock the value of vacant land assets through a transparent and competitive bidding process.

Key Details of the KPHB Phase XV Auction

The reported auction results provide the following details:

• Location: Kukatpally Housing Board Colony, Hyderabad.
• Auction authority: Telangana Housing Board.
• Properties offered: 21 land parcels.
• Properties successfully auctioned: 11.
• Active participants: 23.
• Highest successful bid: ₹2.18 lakh per square yard.
• Lowest successful bid: ₹1.56 lakh per square yard.
• Total revenue generated: ₹33.11 crore.

Also Read: Telangana Distributes Indiramma Housing Sanction Letters

Unsold Properties Remain After the Auction

Although the auction generated revenue from 11 properties, 10 of the 21 properties offered did not receive successful bids.

The available report does not specify whether these properties will be included in another auction.

It also does not provide individual plot dimensions, reserve prices or the identities of successful bidders.

Therefore, the reported highest and lowest bidding rates should not be treated as the prices of every property offered in the auction.

Also Read: Telangana Housing Board to Hold Indiramma Lottery on Nov 3

Housing Board Focuses on Unlocking Vacant Land Assets

The Telangana Housing Board described the auction as an important step towards generating revenue from its vacant land holdings.

The agency highlighted competitive bidding and transparency as key aspects of the sale process.

The results provide a recent reference point for land bidding activity in the KPHB area. However, individual plot characteristics, location and size are important when comparing auction prices.

The ₹33.11 crore revenue generated from the successful bids marks the outcome of this Phase XV auction.

Further details about the remaining properties and any future auction schedule have not been disclosed in the available report.

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