Hyderabad's Kokapet Layout Land Goes for Rs 100 Cr an Acre

Aug 05, 2023

RESIDENTIAL

We are thrilled to share an exciting milestone in the world of real estate! 

Record Sale at Neopolis Layout, Kokapet, Hyderabad

In a groundbreaking e-auction held on Thursday, an acre of prime land at the prestigious Neopolis layout in Kokapet was sold for an astounding Rs 100.75 crore! This monumental sale has set a new benchmark, showcasing the immense value and potential that this exceptional location holds.

Unprecedented Auction Success 

The auction featured a total of 45.33 acres within the Neopolis layout, thoughtfully divided into different plot sizes. The results surpassed all expectations, with the government raking in an impressive Rs 3,319.6 crore, a remarkable achievement well beyond the initial upset price of Rs 1,586.50 crore. This resounding success is a testament to the high demand and strong confidence in the future of this vibrant area.

Even the least valued plot could fetch the government Rs 506.39 crore: APR Group bid for Plot 11, measuring 7.53 acres, Rs 67.25 crore per acre.

In the first round of auctions for 49.949 acres at Neopolis on July 16, 2021, the government had earned Rs 2,000.37 crore. Thursday’s auction constituted the second round.

The layout has been developed by HMDA with modern infrastructure, 36- and 45-metre wide roads. The plots are meant for high rise buildings with unlimited floor space index. HMDA said the auction was widely publicized to attract the interest of real estate developers.

Golden harvest

The government hit pot gold in its auction of land at Neopolis.

Area: 45.33 acres

Highest bid: Rs 100.75 per acre

Lowest bid: Rs 67.25 cr per acre

Total: Rs 3.319.6 crore

The record-breaking sale at Neopolis Layout, Kokapet, is more than just a transaction; it is a testament to the power of vision, innovation, and collaboration.

As the sun sets on this monumental achievement, it rises on a future brimming with potential, promise, and endless horizons.


Why Now is the Perfect Time to Invest in Hyderabad Real Estate?

In the realm of investment, timing often plays a pivotal role in determining the success of your ventures. For those considering their options, the current juncture presents an exceptional opportunity to dive into the dynamic and burgeoning real estate market of Hyderabad. With a confluence of factors aligning favorably, now is undoubtedly the prime time to make your mark in this thriving city's property landscape.

Booming Economic Prospects:

Hyderabad has evolved into a magnet for global businesses, earning its reputation as India's leading tech hub. The city's robust economic growth translates into increased job opportunities, attracting a steady influx of professionals seeking quality housing. By investing now, you position yourself to cater to this growing demand, setting the stage for substantial rental yields and property appreciation.

Infrastructure and Connectivity Surge:

Hyderabad is undergoing a remarkable transformation, with massive infrastructural advancements propelling it to new heights. The development of metro lines, road networks, and transportation hubs enhances accessibility and convenience for residents. As the city expands its connectivity, areas once considered on the outskirts are now becoming prime real estate zones. Investing at this juncture ensures you ride the wave of progress.

Favorable Government Policies:

The Indian government has instituted a range of pro-real estate policies aimed at stimulating growth and transparency. Initiatives like the Real Estate (Regulation and Development) Act (RERA) provide a safety net for buyers and investors, boosting confidence in the market. By capitalizing on these regulations, you secure a protected and regulated investment environment.

Competitive Property Prices:

The current market presents an equilibrium between demand and supply, resulting in competitive property prices. This sweet spot allows you to acquire prime real estate at advantageous rates, optimizing your potential returns. As the city's popularity continues to soar, these prices are poised to appreciate, ensuring a profitable future.

High Rental Demand:

Hyderabad's role as a tech and business hub ensures a steady stream of professionals relocating to the city. This influx drives a significant demand for quality rental properties. By investing now, you tap into this vibrant rental market, reaping consistent income from your investment.

Future-Proof Investments:

The real estate market's long-term nature aligns perfectly with your future financial goals. Investing now not only ensures immediate gains but also fortifies your wealth portfolio against inflation and market fluctuations


So what are you waiting for? Visit www.zoltanproperties.com to connect with our experts today!

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