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Posted On August 4, 2023

Hyderabad's Real Estate Market Soars to New Heights

The Hyderabad Metropolitan Development Authority (HMDA) recently conducted an e-auction of seven land parcels in Kokapet, a prime real estate location in western Hyderabad. The auction was a huge success, with the seven plots fetching a staggering Rs 3,319 crore in revenue. This is more than double the expected price of Rs 1,586 crore.

The bids ranged from Rs 67 crore to Rs 100.75 crore per acre, reflecting the strong demand for land in this area. The highest bid was made by Rajapushpa Properties Private Ltd for a 3.60 acre plot, paying Rs 362.70 crore.

The average bid of Rs 73.23 crore per acre shows that there is strong market demand for land in Kokapet. This is a positive sign for the city's real estate market and is likely to attract more investors and developers.

The success of the recent auction is a testament to the city's growing economic strength and stability. Hyderabad is a major IT hub and is home to a number of multinational corporations. The city is also well-connected to other major cities in India and is a popular tourist destination.

The impressive results of the recent auction confirm Hyderabad's status as a premier real estate destination. The city's robust market is likely to continue to attract investors and developers in the years to come.

We have properties in all the major areas of east Hyderabad, including Madhapur, Gachibowli, Kondapur, and Begumpet. Our properties are all in prime locations, with excellent amenities and easy access to schools, hospitals, and other important facilities.

We also offer a wide range of payment options, so you can find a property that fits your budget. And if you're not sure where to start, our experienced agents can help you find the perfect property for your needs.

So what are you waiting for? Start your search for a new Lavish duplex  house in east Hyderabad today with Propertyz24!

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