HMDA rakes in Rs 3,625.73 cr from auction of 100 acres in Budwel

The HMDA on Thursday raked in Rs 3,625.73 crore from an e-auction of 100 acres in Budwel, with the highest per-acre price of Rs 41.25 crore.

The e-auction started at 11 am on Thursday.

There are a total of 14 plots in the layout, ranging from 3.47 acres to 14.33 acres, which are well-connected to the city through ORR and surrounding



roads.

While the upset price was fixed at Rs 2000.20 crore, the average bid price per acre was Rs 36.25 crore.

Officials said the layout is developed with the latest infrastructure, on par with Neopolis at Kokapet layout, including 36-metre and 45-metre-wide roads, with plots meant for high-rise buildings.