Medipally auction brings home ₹120 crore for govt (opens original article in a new tab)

The government collected ₹120 crore from the e-auction of 63 residential plots in Medipally, with prices rising significantly compared to a previous auction three years ago.

• Government earned ₹120 crore from e-auction of residential plots in Medipally
• Highest price per square yard was ₹80,000, up from ₹50,000 three years ago
• 63 out of 68 plots sold in the auction
• Average bid rate was ₹56,260 per square yard