Land prices in Kokapet have soared again, and you now see the highest demand around Neopolis. Media reports confirmed that an acre touched Rs 137.25 crore, setting a new record and pushing the area back into the spotlight.
HMDA auctioned Plot No 17 and Plot No 18. Plot No 17 had 4.59 acres, and each acre sold for Rs 136.50 crore. Plot No 18 had 5.31 acres, and each acre reached Rs 137.25 crore. In total, 9.90 acres were sold for Rs 1355.33 crore, while the remaining land will be auctioned on November 28.
Neopolis layout draws strong interest because of its high-quality infrastructure. Builders also prefer it as there is no limit on the number of floors. This freedom has brought top realtors to the area and increased competition for prime land.
With no height restrictions, developers use the land for commercial and residential projects. The ORR sits on one side, and Rayadurgam on the other. Its closeness to major IT companies is pushing the prices even higher, earning Kokapet the nickname ‘kotlapet’.
