Telangana Housing Board Earns ₹9 Crore from Auction of 21 Plots

Quick Summary

• Telangana Housing Board Auction: Generated ₹8.97 crore income through the auction of 21 land parcels in Housing Board Colony near nalgonda-Devarakonda on July 8, 2025.
• Land Details: The auctioned area totaled 4,660 square yards, with plots categorized into High Income Group (HIG) and Middle Income group (MIG).
• Pricing:

– offset price for HIG plots: ₹15,000/sq. yard; MIG plots: ₹13,000/sq. yard.
– Maximum bid prices:
– HIG: ₹28,500/sq. yard (highest), followed by ₹25,500 and ₹24,000.
– MIG: ₹23,500/sq. yard for a 220 sq. yard plot.

• Participation: Over 50 individuals took part in bidding for the total of 27 available plots.

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Indian Opinion Analysis

The results from the Telangana Housing Board auction indicate strong demand in real estate markets outside major urban centers like Hyderabad. The high participation rate and competitive bidding demonstrate citizens’ willingness to invest substantially in owning land assets despite elevated prices per square yard reaching up to nearly double their offset values.

This trend perhaps reflects broader confidence in Telangana’s economic advancement and infrastructural projects surrounding such areas. For policymakers and planners managing urban expansions or housing schemes, this highlights the importance of balancing affordability with sustained property market growth while catering to both high-income and middle-income demographics.