Latest news with #TelanganaHousingBoard
The Hindu
05-07-2025
- Business
- The Hindu
7.3 acres land abutting KPHB-Hitec City corridor to be auctioned by Telangana Housing Board
The Telangana Housing Board, which auctioned land parcels in prime real estate locations in and around Hyderabad, announced on Saturday (July 5, 2025) that it would soon auction around 7.3 acres land abutting the KPHB- Hitec City corridor. The exact location was not mentioned in the press release. However, It was mentioned that the land parcel is just minutes from Hitec City, Financial District, and Gachibowli. 'This parcel occupies a high-potential zone with seamless access to major business districts, IT parks, international schools, world-class healthcare, and upcoming metro infrastructure,' as per the press release. Besides this, the board has also announced a fresh auction notification for three premium commercial plots in Kukatpally Housing Board (KPHB) and Nampally: plots of extent 4598 Sq. Yards and 2420 Sq. Yards in KPHB, and a commercial plot of 1148.30 sq. yards in Nampally. 'The final e-auction is scheduled for 30th July 2025. All sales will be conducted through a transparent e-auction process, ensuring a level playing field for all bidders,' as per the press note. Details and registration process would be available at the board's official portal . Or, people can approach the office of the vice-chairman of the Board for personalized assistance and site inspections. The vice-chairman, V.P. Gautham, said that this is an opportunity for developers and investors to acquire landmark plots in the most happening areas of Hyderabad. He said that the State government has permitted to utilise the revenue generated for affordable housing schemes such as Indiramma Houses.
New Indian Express
24-06-2025
- Business
- New Indian Express
TGHB rakes in Rs 65 crore from plot, flat auctions
HYDERABAD: The Telangana Housing Board (TGHB) has netted Rs 65.02 crore through the auction of open plots and flats in Gachibowli, Chintal and Nizampet. An open plot measuring 1,487 sq. yds in Gachibowli fetched Rs 33.01 crore, with the bidding soaring to Rs 2.22 lakh per nearly double the upset price of Rs 1.20 lakh, setting a new benchmark in price per square yard. Another plot in the same area, measuring 1,206 was auctioned for Rs 13.51 crore against the upset price of Rs 80,000 per ultimately selling for Rs 1.12 lakh per The TGHB auctioned a total of 14 open plots (3,271 across Gachibowli and Chintal and eight flats in Nizampet, under the jurisdiction of the north division of TGHB. The auction was conducted at the community hall in KPHB Colony (Phase I & II). All four plots in Gachibowli were auctioned, while only three out of 10 plots in Chintal and four out of eight flats in Nizampet made the cut. According to officials, approximately Rs 56 crore was raised from the Gachibowli plots alone. The remaining Rs 9 crore came from Chintal and Nizampet sales. In total, 53 applications were received, and the auction was conducted smoothly and transparently under TGHB supervision. Earlier on June 11, the TGHB raised Rs 142.78 crore from the sale of 18 open plots in Phase-7 of Kukatpally Housing Board Colony. That auction saw one plot fetch a record Rs 2.98 lakh per
Time of India
24-06-2025
- Business
- Time of India
Real estate resurgence in Hyderabad: Commercial plot in Gachibowli fetches Rs 2.2 lakh per square yard, goes for Rs 33 crore
H YDERABAD: In a sign of a revival of the real estate boom in the city, the Telangana Housing Board sold a commercial plot for Rs 33 crore and another plot for Rs 11 crore in Gachibowli. The board auctioned plots in Gachibowli, Chintal, Nizampet, and other places on Monday, generating a total of Rs 65 crore. According to Telangana Housing Board (THB) commissioner VP Gautam, of the 11 plots auctioned, one commercial land parcel measuring 1,487 square yards in Gachibowli was sold at Rs 2.20 lakh per square yard, thereby fetching Rs 33 crore. The govt had fixed Rs 1.20 lakh per square yard as the upset price for the land. In the same locality, land earmarked for schools, for which the govt fixed Rs 80,000 per square yard, was sold for Rs 1.12 lakh per yard. Additionally, two Middle Income Group (MIG) plots in the area were sold for Rs 1.86 lakh and Rs 1.32 lakh per square yard, respectively. Officials said that auctions in Gachibowli alone fetched Rs 56 crore for the board. Plots in Chintal and Qutubullapur also fetched good prices. Of the 10 plots in Chintal, three plots — Nos. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo 113, 114, and 115 — fetched Rs 8.11 crore. The board also earned Rs 70 lakh from the sale of four plots in Bachupally and Nizampet. A few weeks ago, the THB had auctioned plots in KPHB, where one square yard fetched a record Rs 2.98 lakh. In Phase 7 of KPHB, 18 plots were auctioned, generating Rs 142 crore for the board. One land parcel — No. 22 — fetched the highest price of Rs 2.98 lakh per square yard. On average, the board earned Rs 2.38 lakh per square yard for the 6,232 square yards sold. As per the norms, successful bidders must pay 25% of their bidding amount to the THB immediately, and the balance can be paid later.
Time of India
23-06-2025
- Business
- Time of India
Commercial plot in Gachibowli fetches Rs 2.2 lakh per square yard, goes for Rs 33 crore
H yderabad: In a sign of a revival of the real estate boom in the city, the Telangana Housing Board sold a commercial plot for Rs 33 crore and another plot for Rs 11 crore in Gachibowli. The board auctioned plots in Gachibowli, Chintal, Nizampet, and other places on Monday, generating a total of Rs 65 crore. According to Telangana Housing Board (THB) commissioner VP Gautam, of the 11 plots auctioned, one commercial land parcel measuring 1,487 square yards in Gachibowli was sold at Rs 2.20 lakh per square yard, thereby fetching Rs 33 crore. The govt had fixed Rs 1.20 lakh per square yard as the upset price for the land. In the same locality, land earmarked for schools, for which the govt fixed Rs 80,000 per square yard, was sold for Rs 1.12 lakh per yard. Additionally, two Middle Income Group (MIG) plots in the area were sold for Rs 1.86 lakh and Rs 1.32 lakh per square yard, respectively. Officials said that auctions in Gachibowli alone fetched Rs 56 crore for the board. Plots in Chintal and Qutubullapur also fetched good prices. Of the 10 plots in Chintal, three plots — Nos. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 42-year-old woman changed drastically in a few months! "This" sold at Watsons is too effective Body Design News Learn More Undo 113, 114, and 115 — fetched Rs 8.11 crore. The board also earned Rs 70 lakh from the sale of four plots in Bachupally and Nizampet. A few weeks ago, the THB had auctioned plots in KPHB, where one square yard fetched a record Rs 2.98 lakh. In Phase 7 of KPHB, 18 plots were auctioned, generating Rs 142 crore for the board. One land parcel — No. 22 — fetched the highest price of Rs 2.98 lakh per square yard. On average, the board earned Rs 2.38 lakh per square yard for the 6,232 square yards sold. As per the norms, successful bidders must pay 25% of their bidding amount to the THB immediately, and the balance can be paid later.
The Hindu
23-06-2025
- Business
- The Hindu
₹2.22 lakh per square yard for commercial plot in Gachibowli; Telangana Housing Board generates ₹65 crore through auction of plots and flats
Telangana Housing Board has generated income of ₹65.02 crore through the auction of its plots and flats in Gachibowli, Chintal of Quthbullapur and Nizampet on Monday, June 23. The auctioned properties include 3271 square yards in Gachibowli, 799.88 square yards in Chintal and 1653 square feet flats - each measuring 413 feet - in Nizampet. A total of 55 people participated in the auction which was held at a Community Hall in Kukatpally Housing Board (KPHB), said vice chairman and commissioner of the Housing Board, V.P. Gautham. In Gachibowli, the commercial land measuring 1487 square yards was auctioned for ₹2.22 square yard earning around ₹33 crore. And, a 1200 square yard plot attracted ₹1.2 lakh earning ₹13.4 crore to the Housing Board. Two MIG plots, auctioned at ₹ 1.86 lakh and ₹1.32 lakh per square yard, earned the Housing Board ₹4.50 crore. The income only from the properties in Gachibowli was ₹55,56,84,000 (Rs 55.56 crore) .The Board on June 11 auctioned a plot in Kukatpally for ₹2.98 lakh per square yard.
