Friday, June 21, 2024
    HomeTelanganaMokila e-Auction Phase-II brings in Rs 595 cr, contributing to HMDA's overall...

    Mokila e-Auction Phase-II brings in Rs 595 cr, contributing to HMDA’s overall revenue of over Rs 700 cr

    Related stories

    Pocharam Srinivas Reddy, Former Telangana Speaker and MLA, Joins Congress

    Former Telangana Speaker and MLA Bharata Pocharam Srinivas Reddy...

    KTR warns companies against participating in mines auction

    The BRS working president KT Rama Rao warned companies...

    Kishan and Bandi express gratitude to supporters and citizens

    BJP MP Dr K Laxman in Hyderabad saluted the...

    Custom-milled rice delivery deadline set for September by CSC

    The Civil Supplies Corporation in Hyderabad is cracking down...

    The Hyderabad Metropolitan Development Authority (HMDA) earned a total of Rs 713.39 crore from the e-Auction of residential plots in Mokila village near Shankarpally. The phase-II of the auction concluded on Tuesday and generated a revenue of Rs 595 crore.

    In total, 346 plots measuring 113,325 square yards were e-auctioned in two phases over a period of 6 days. The average price per square yard was Rs 63,216. The plots available for auction were of various sizes ranging from 240 to 500 square yards.

    - Advertisement -

    During the phase-II auction, 300 plots measuring 98,975 square yards were auctioned in the past five days. On the last day, the auction generated a revenue of Rs 102.73 crore. The highest bid was Rs 64,000 and the lowest bid was Rs 49,000. The overall weighted average price during phase-II was Rs 60,575. In comparison, during phase-I, the weighted average price was Rs 80,397.

    Also read:  Collector Priyanka Ala Bids Farewell

    Phase-I of the auction took place on August 7 and earned a revenue of Rs 121.40 crore from the sale of 50 plots measuring 15,800 square yards.

    - Advertisement -

    During phase-II, a total of 60 plots were sold through e-Auction. The first three days of the auction saw a good response, with the HMDA earning more than Rs 120 crore on average between August 25 and 27.

    - Advertisement -
    Rajesh M
    Rajesh M
    Latest News from Hyderabad, Telangana, India & World!

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here