HYDERABAD: The Telangana Housing Board‘s auction for open plots in Kukatpally Housing Board (KPHB) on Friday saw a square yard of land being sold for a record 2.65 lakh, against the upset price of 1.30 lakh per square yard.
A total of four open plots in Phases I and II of Dharma Reddy Colony and eight flats in Sampoornam Apartment, Phase-15 of KPHB, were put up for auction. While 2.65 lakh was the highest price per square yard of land, another plot was sold at 2.41 lakh per square yard.
Similarly, a flat in Sampoornam apartment fetched 1.10 crore, against the upset price of 90 lakh. Other flats sold for between 1.08 crore and 1.06 crore.
Housing Board vice-chairman VP Gautham said the Board earned a total of 24.26 crore through the public auction, including 15.81 crore from open plots and 8.45 crore from flats in Sampoornam apartments.
