Godrej Properties acquires Plot 16; total revenue reaches Rs.2,708 crore across both auction rounds
Hyderabad, November 28, 2025 – The Neopolis e-auction continued its record-breaking streak with two more premium plots commanding extraordinary prices, cementing the area’s position as Hyderabad’s most expensive real estate destination.
Auction Results
Plot 15: Sold at Rs.151.25 crore per acre Buyers: Lakshmi Narayana Gummadi, Kartheesh Reddy Madgula, Sharath Ventrapragada, and Shyam Sunder Reddy Vangala
Plot 16: Sold at Rs.147.75 crore per acre Buyer: Godrej Properties Ltd
Financial Summary
- Total revenue from these two plots: Rs.1,352 crore
- Combined revenue from both auction rounds: Rs.2,708 crore
- Average price this round: Rs.142.83 crore per acre
The average price of Rs.142.83 crore per acre represents one of the highest ever seen in Hyderabad’s land market, demonstrating sustained strong demand for premium land in the Kokapet corridor.
Market Significance
Plot 15’s price of Rs.151.25 crore per acre marks a new benchmark, surpassing expectations and confirming investor confidence in Neopolis despite already elevated price levels.
Godrej Properties’ Entry
The acquisition by Godrej Properties Ltd signals major developer interest in the location, with the company likely planning a premium residential or mixed-use project befitting the area’s stature.
The entry of individual investors for Plot 15 through a consortium demonstrates that demand extends beyond institutional players to high-net-worth individuals seeking prime land assets.
HMDA’s Revenue Success
With Rs.2,708 crore raised across both auction rounds so far, HMDA is well on track toward its target of Rs.4,000-5,000 crore from the mega land auction announced earlier.
The sustained high prices validate HMDA’s strategy of releasing premium land parcels in phases, maintaining scarcity value while maximizing revenue.
Neopolis Phenomenon
The Neopolis area has consistently commanded the highest land prices in Hyderabad due to:
- Strategic location near HITEC City and Financial District
- Excellent connectivity via Outer Ring Road
- Presence of major IT companies and premium residential projects
- Limited availability of large contiguous land parcels
With average prices now exceeding Rs.142 crore per acre, Neopolis has firmly established itself as Hyderabad’s most premium address for large-scale development.
