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Government earns ₹120 crore from Medipally residential plot auction

On Wednesday, government of India generated ₹120 crore from an e-auction featuring 68 residential plots in Medipally, Hyderabad. With 63 plots sold, the highest bid soared to ₹80,000 per square yard, showcasing robust demand in local real estate market.

BRIC Team
BRIC Team
Jun 24, 2026 · 1 min read · 5 views
Government earns ₹120 crore from Medipally residential plot auction

Key Takeaways

  • •The e-auction in Medipally raised ₹120 crore, indicating strong demand for residential plots in Hyderabad.
  • •The highest bid reached ₹80,000 per square yard, a significant increase from ₹50,000 three years ago.
  • •Out of 68 available plots, 63 were successfully auctioned, reflecting overwhelming interest from bidders.
  • •The average bid was ₹56,260 per square yard, showcasing a robust real estate market in the area.
  • •The auction was conducted by the Hyderabad Metropolitan Development Authority on Wednesday, marking phase-III of the project.

Government of India secured ₹120 crore from e-auction of residential plots in Medipally,eastern Hyderabad, on Wednesday . Hyderabad Metropolitan Development Authority (HMDA) ran this auction as part of phase-III at site,which has seen property values rise sharply since last auction three years ago.

Highest bid hit ₹80,000 per square yard,while average was ₹56,260 per square yard. Big leap from previous auction where top bid was ₹50,000 per square yard. HMDA noted strong interest from home buyers,investors,showing solid demand in real estate market.

Of 68 plots,63 were auctioned off,showing high interest in event. Enthusiasm among bidders indicates positive trend in local property sector,as more look to invest in residential real estate in area…

#Telangana

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