Hyderabad Land Prices Soar: Record Rs 2.98 Lakh per Sq Yard at Auction
Hyderabad, Telangana: In a striking testament to the city’s booming real estate market, Hyderabad witnessed a record-breaking land deal during a recent auction held by the Hyderabad Metropolitan Development Authority (HMDA). A prime land parcel in Kokapet, part of the prestigious Golden Mile Layout, was auctioned for an astonishing Rs 2.98 lakh per square yard—shattering previous benchmarks across South India.
The plot, covering 2.70 acres and identified as Plot No. 5 in the Kokapet layout, fetched a staggering Rs 353.98 crore. Conducted by MSTC Limited on behalf of HMDA, the auction drew nationwide attention from real estate majors, private developers, and high-profile investors. With this sale, Hyderabad has firmly placed itself on the map as a high-value real estate destination.
Out of the seven plots offered in the Golden Mile layout, six were successfully auctioned, garnering a collective revenue of Rs 3,319 crore. This grand total far surpassed HMDA’s expectations and reflects the growing investor confidence in Hyderabad’s economic and infrastructural prospects.
The lowest successful bid among the auctioned plots stood at Rs 1.05 lakh per square yard, still substantially higher than previous auctions. Notably, land prices in Hyderabad have surged significantly in the past few years, particularly in western parts of the city like Kokapet, which is strategically located near the IT corridor and the upcoming financial district.
Industry experts attribute this exponential rise to several factors: robust infrastructure, proactive governance, political stability, and a strong influx of IT and fintech companies establishing regional bases in Hyderabad. The adjacent Outer Ring Road, proximity to the Rajiv Gandhi International Airport, and quality residential and commercial developments have further fueled demand.
Analysts believe this is just the beginning. The Telangana government’s effective urban planning and clarity in land titles have created a trustworthy ecosystem for investors and developers alike. With ongoing infrastructure projects like the Regional Ring Road and metro expansions, the appetite for Hyderabad real estate—especially in prime locales like Kokapet—is only expected to grow.
However, the soaring prices have also sparked conversation around affordability and equitable urban development. Experts warn that while high-end auctions reflect investor confidence, there is a need for balanced growth that includes affordable housing to cater to the diverse population of the city.
For now, Hyderabad’s property market is enjoying its moment in the spotlight, with the record-setting Rs 2.98 lakh per square yard sale serving as a landmark event in India’s real estate history.
