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Open plots and residential flats in the Kukatpally Housing Board Colony (KPHB) were sold at record prices at a public auction conducted by the Telangana Housing Board in the past week, signalling robust demand for government-owned real estate in the western corridor of Hyderabad. A 1 square yard parcel achieved a top bid of INR 2.65 lakh, well above the upset price of INR 1.30 lakh, while another plot fetched INR 2.41 lakh per square yard. Eight flats at Sampoorna Apartments in Phase-15 of KPHB also commanded strong bids, with the highest unit selling for INR 1.10 crore against a base price of INR 0.90 crore. In total, the auction generated approximately INR 24.26 crore. The results underscore growing investor interest in housing board assets offering clear titles and developed infrastructure in established urban localities.
Properties in the Kukatpally Housing Board Colony (KPHB) attracted record prices at a public auction conducted recently by the Telangana Housing Board in Hyderabad, reflecting strong competition for government-owned land and residential assets in the city's western suburbs. Advertisement
The auction, held on Friday under an open bidding process, included four open plots in Dharmareddy Colony (Phases I and II) and eight residential flats in Sampoorna Apartments, Phase-15 of KPHB. According to officials, buyers outbid upset prices by significant margins, particularly for plots in well-located zones. A square yard of land fetched a record INR 2.65 lakh, more than double the base level of INR 1.30 lakh, while another plot went for INR 2.41 lakh per square yard.
Residential flats in Sampoorna Apartments also saw robust bidding. The upset price for the units was set at INR 0.90 crore, but competitive offers pushed the highest sale to INR 1.10 crore for a roughly 1,400 sq ft unit. Other flats sold in the range of INR 1.06-1.08 crore, indicating strong buyer interest in ready-to-move properties with clear titles in an established residential precinct.
The combined auction proceeds amounted to about INR 24.26 crore, with approximately INR 15.81 crore coming from open plots and INR 8.45 crore from the sale of flats. VP Gautam, Vice-Chairman of the Housing Board, noted the competitive participation of buyers and the premium prices achieved for both land and residential assets.
The outcome comes amid continued momentum in Hyderabad's real estate market, where housing board auctions have in recent months generated notable interest from investors and homebuyers alike. Earlier, broader land auctions across the region, including plots in Gachibowli and Bowrampet, also recorded healthy bids and underscored strong demand for well-located residential plots.
The performance of KPHB properties at auction highlights sustained confidence in urban land assets with developed infrastructure, clear titles and proximity to employment hubs. For government bodies such as the Housing Board, these auctions are increasingly important revenue streams and a barometer of investor sentiment in Hyderabad's buoyant real estate market.
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