Kurmalguda Plots Auctioned in Rangareddy for ₹21,500-₹28,500 per Sq. Yard

Fast Summary

• Telangana Rajiv Swagruha Corporation auctioned 15 open plots in Kurmulaguda near Thukkuguda, Rangareddy district, generating ₹9.6 crore in revenue.
• Plots measured between 260 square yards and 300 square yards; offset price was ₹20,000 per square yard. During the auction held on Monday (August 4), prices ranged from ₹21,500 too ₹28,500 per square yard.
• A total of 34 individuals participated in the bidding for these plots.
• Upcoming auctions were announced:

– August 5: Auction of 68 open plots in Bahadurpally, Medchal-Malkajgiri district (sizes ranging from 200 to 500 square yards).
– August 6: Auction of additional plots located in Thorrur, Rangareddy district.

Indian Opinion Analysis
The triumphant auction conducted by Telangana Rajiv Swagruha Corporation reflects growing demand for real estate ownership in suburban areas near Hyderabad and Rangareddy districts.Higher-than-offset prices indicate competitive interest among buyers as urban expansion continues to push demand into surrounding regions like Thukkuguda and Bahadurpally.

The strategy to auction both smaller-sized plots (200-300 sq yards) and larger ones aligns with varied buyer preferences-from individual homeowners seeking residential options to developers exploring larger-scale projects. The sequential sale spread across multiple days suggests an organized approach aimed at capitalizing on growing interest while facilitating better participation.For the state-driven corporation managing these assets, such auctions could contribute meaningful revenues that might potentially be reinvested into public infrastructure or related development initiatives across Telangana-potentially benefiting local communities directly tied to these expanding hubs.

Read more at The Hindu.