Overview
- HMDA said Plot 19 went to Yula Constructions LLP and Globus Infracon LLP for ₹524 crore and Plot 20 to Brigade Enterprises Ltd for ₹476.72 crore in the December 3 round.
- Third‑phase bids cleared at ₹131 crore and ₹118 crore per acre against an upset price of ₹99 crore per acre for the Neopolis multi‑use plots.
- Across all phases, the auction raised ₹3,708 crore, confirming significantly higher land valuations compared with the previous cycle.
- Earlier rounds peaked at ₹151.25 crore and ₹147.75 crore per acre on November 28 after a ₹137.25 crore per‑acre high in the November 24 opener.
- Focus now shifts to the Golden Mile auction scheduled for December 5, with developers watching whether the pricing momentum holds.