Plots auctioned by the APHB fetches good price
Hyderabad- With a positive response towards the auctioned plots, the Andhra Pradesh Housing Board (APHB) has generated about Rs. 12 crore.
This auction by the APHB was held after a gap of four years and got Rs 51,333 per square yard against the upset price of Rs 40,000 for a 252-sq yard plot at Phase-9 of Kukatpally Housing Board (KPHB).
About 14 plots of different dimensions, differentiating from 60 sq yards to 647 sq yards in KPHB phases 4, 6, 9 and 15 areas were displayed by the APHB out of which, there were 9 plots which were situated in KPHB Phase-15 in proximity to the Hi-Tec City. The rest plots were from Phase-9,Phase-6 and Phase-4.
All these plots were equally divided among the high income group (HIG), middle income group (MIG) and low income group (LIG). There was however, not much publicity by the APHB regarding the event except for posting details on their website and issuing mandatory notification.
Also the names of the successful bidders were not revealed too. The highest bid amount was for the 252-sq yard plot in Phase-9 , while the lowest was Rs 25,100 for a 60-sq yards plot in phase 15.
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Andhra Pradesh Housing Board (APHB), High Income Group (HIG), Hyderabad real estate, hyderabad real estate sector, Kukatpally Housing Board (KPHB), low-income group (LIG), middle income group (MIG), Phase-4, Phase-6, Phase-9, Real estate in Hyderabad, Realty News
