Hyderabad: The Kokapet land auction created another sharp upswing in Hyderabad’s real estate market on Friday. HMDA set a new benchmark in the Golden Mile layout when bidders pushed prices to levels never previously reached. Plot No. 15 attracted the highest bid of the day. The per-acre price reached ₹151.25 crore, marking the latest peak in the region’s land value.
GHR Infra secured the 4.03-acre parcel after a round of aggressive bidding. The firm paid a total of ₹609.55 crore for the plot. The figure reinforced Kokapet’s position as one of the costliest real estate zones in the state. Developers said the demand reflected strong market confidence and rising expectations around Neopolis.
The Kokapet land auction also saw strong interest in Plot No. 16, with Godrej Properties submitting the winning bid at ₹147.75 crore per acre. The margin between the two top plots remained narrow, indicating a high level of competition among premium developers. Many participants expected such pricing because the area has emerged as a preferred site for large commercial projects.
Investor activity has risen sharply in recent months. Developers believe the region will see rapid growth due to upcoming infrastructure and corporate expansion. New roads, wider connectivity and proximity to the IT corridor continue to attract long-term capital. Several firms are exploring mixed-use projects involving offices, luxury residences and retail spaces.
Kokapet land auction boosts confidence in Hyderabad market
The Kokapet land auction has increased curiosity about future price levels. HMDA will complete the remaining auction rounds on December 3. Officials expect more competitive bids because the recent spike has influenced investor sentiment across the sector. Many developers have already indicated renewed interest in the final phase.
Market analysts said the sharp rise showed that Hyderabad continues to draw large investments despite national market fluctuations. They added that Kokapet’s growth has now set a benchmark for premium land pricing in the region. The sector is tracking every auction closely to see how far the record will stretch.
Real estate firms said several internal assessments supported aggressive bidding. They pointed to business hubs, upcoming towers and strong demand for Grade-A office spaces. The expectation of faster approvals also encouraged participation. HMDA’s transparent process further increased confidence among investors and developers.