Hyderabad’s booming real estate market added another milestone after the Hyderabad Metropolitan Development Authority wrapped up its three-phase land auction in Kokapet’s Neopolis layout. The numbers alone tell a story of a market operating in top gear: HMDA has collected an eye-popping Rs. 3,708 crore from just 27 acres of land. It is the kind of figure that signals more than a successful auction. It marks Hyderabad’s aggressive advance as one of India’s hottest and most resilient real estate destinations.
The final phase, held on December 3, brought in nearly Rs. 1,000 crore, sealing the series with strong demand and competitive bidding. This came on the heels of two previous phases that had already triggered headlines with their record-setting per-acre valuations. What began as a neighbourhood considered peripheral a few years ago has now become a prime stretch where both luxury developers and institutional investors are jostling for a foothold.
Neopolis lies at a location that reads like a checklist for any smart investor: next to the Financial District, right off the Outer Ring Road, and minutes from major IT hubs. This connectivity, paired with Hyderabad’s stable economic climate, strong job creation and reputation for ease of doing business, has created the perfect environment for sustained real estate demand. Developers now see Kokapet as one of the few micro-markets capable of absorbing high-end commercial, residential and mixed-use townships over the next decade.
The first phase of the auction on November 24 set the tone in dramatic fashion. Two plots measuring nearly 9.9 acres together fetched Rs. 1,356 crore. What stood out even more was the per-acre price: Rs. 137.25 crore for one of the parcels. This was almost double the average recorded in the 2023 cycle, which stood at Rs. 73 crore per acre. Such a sharp jump in a single year reflects the depth of investor confidence at a time when most global markets remain cautious.
If anyone thought the first phase was a flash in the pan, the second phase on November 28 offered a swift correction. Two more plots, spread across 9.06 acres, attracted bids worth Rs. 1,352 crore, matching the previous round almost to the decimal. Plot No. 15, a 4.03-acre site, stirred a bidding frenzy that pushed the rate to Rs. 151.25 crore per acre, the highest in the auction series. Its adjoining plot, No. 16, went for Rs. 147.75 crore per acre. Together, these two phases alone pumped Rs. 2,708 crore into HMDA’s account, comfortably beating internal revenue expectations.
The third and final phase was more measured but still robust. Held on December 3, it involved two plots measuring 4 acres and 4.04 acres. The combined value came close to Rs. 1,000 crore, with an average per-acre rate of Rs. 124.5 crore. Yula Constructions and Globus Infracon LLP bought the 4-acre Plot 19 at Rs. 131 crore per acre, while Brigade Enterprises captured Plot 20 at Rs. 118 crore per acre. Even though the numbers dipped slightly from the earlier peaks, they remained well above historical benchmarks and reaffirmed the strength of the Kokapet market.
Across all three phases, the average realisation per acre settled at Rs. 137.36 crore. This figure is extraordinary not only because of its scale but because it reflects a consistent rise in demand across weeks of auctions. The micro-market is clearly benefiting from a combination of strong infrastructure spending, corporate expansion, the city’s thriving tech ecosystem and investor preference for stable regulatory environments.
Hyderabad has long enjoyed a reputation for planned growth, relatively affordable home prices compared to other metros, and reliable civic infrastructure. Over the last decade, these factors have combined to create a virtuous cycle: companies continue to expand, professionals continue to migrate, and developers continue to launch large-scale projects. Kokapet represents the next frontier of this cycle, with vast potential for integrated townships, high-rise clusters, and Grade-A commercial districts.
What stands out about this auction series is not just the high bids, but the speed at which they were placed. The competition among bidders, including large developers, national real estate conglomerates, investment groups and consortiums, shows that Kokapet has moved beyond being a speculative bet. It has now entered the league of assured-growth corridors similar to Hyderabad’s Financial District, Bengaluru’s Whitefield, or Mumbai’s BKC in their formative years.
The 87 percent year-on-year rise in per-acre valuations from 2023 emphasises how sharply market sentiment has shifted. Analysts point to a mix of factors: strong job creation in the tech sector, Hyderabad’s stable governance model, expansion of the metro rail, increased interest from global companies and sustained infrastructure upgrades. Even in the face of global uncertainties, Hyderabad’s real estate has shown a rare buoyancy.
HMDA’s success with Neopolis has also provided a lucrative reminder of how urban planning and strategic land management can drive both revenue and growth. The auctions do more than fill government coffers. They help shape the future skyline of the city. With developers already scouting for approvals and partners, Kokapet is expected to see a flurry of project launches over the next one to two years.
