The Hyderabad Metropolitan Development Authority (HMDA) hosted a pre-bid meeting at T Hub for the Neopolis Phase-II Kokapet plots auction on Thursday. The meeting was attended by over 100 firms, real estate developers, and builders, while others joined online.
The Telangana government, through the HMDA, is set to auction seven plots, ranging from 3.6 acres to 9.71 acres, with a total extent of 45.33 acres on August 3. The auction will take place in two sessions: from 11 a.m. to 2 p.m. for four plots, and from 3 p.m. to 6 p.m. for three plots. In preparation for the auction, the HMDA organised the pre-bid meeting, allowing prospective bidders to seek clarifications, obtain plot details, and understand the e-auction process for participation on the auction date.
Special Chief Secretary Arvind Kumar, who also serves as the Metropolitan Commissioner of the HMDA, personally addressed queries regarding the opportunity during the pre-bid meeting. He welcomed the investors and highlighted the success of the Phase 1 launch of Neopolis, along with the proposed investment of up to ₹450 crore by the HMDA for infrastructure development.
