It looks like the rate per Square yard of land in Hyderabad might reach a lakh of rupees. In the areas of Manikonda and Gachchbowli it is already one lakh per square yard with good Vaastu. If it is a North East plot then there is no limit for the rate.
So one has to grab the land whichever comes in your way. Grab it first think about the rate later.
In connection with e-Auction Phase-I & II Uppal Bhagayath as expected by the HMDA Officers, positive response from the bidders.
The first session of the auction was conducted from 9:00 a.m. to 4:00 p.m. for 29 No. of plots with an average of 6623.5 Sq.Yds in total for the first session. The plot No.1302 consisting of 166 Sq.Yds. fetched Rs.77,000/- per square yard which is the highest bid of the day.
The total revenue for the first session in Rs.40,04,06,200/-.
The second session of the auction was conducted from 2:00 p.m. to 7:10 p.m. for 29 No. of plots with an average of 32,821.5 Sq.Yds in total. The plot No.105 consisting of 822 Sq.Yds fetched Rs.76,600/- per square yard which is the highest bid for the second session. The total revenue for the second session is Rs.132,22,96,250/-.
The total income for day one is Rs.172,27,02,450/-