Medipally auction brings home ₹120 crore for govt
The Hyderabad Metropolitan Development Authority successfully auctioned 63 residential plots in Medipally, generating ₹120 crore in revenue. The results show a significant increase in land prices compared to an auction held three years ago.
Why it matters
Reflects the rising real estate values and economic growth in the Hyderabad metropolitan area.
The government has raked in ₹120 crore from the e-auction of developed residential plots at Medipally on the Eastern part of the city on Wednesday. The auction was conducted by the Hyderabad Metropolitan Development Authority in phase-III at the location.
The article reports on local government auction results using factual data.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in