Kokapet Neopolis has rapidly become one of Hyderabad’s most prestigious commercial real estate destinations, with developers showing strong appetite for large-scale Grade A projects. In the latest HMDA Phase 3 e-auction held on November 24, 2025, land prices crossed ₹137 crore per acre, setting a new benchmark in the city’s commercial land market.
Upcoming auctions on November 28, December 3, and December 5, 2025, are expected to draw equally aggressive bidding.
Table of Contents
Phase 3 Overview and Strategic Importance
Neopolis Phase 3 includes approximately 25 to 27 acres of prime commercial land, located near the Financial District, the Outer Ring Road, and key infrastructure corridors. It follows the successful completion of:
- Phase 1 in 2021
- Phase 2 in 2023
Across all three phases, Neopolis auctions will cumulatively reach about 120 acres, making it one of Hyderabad’s largest planned commercial clusters. Over 80 to 100 developers and institutional investors have actively participated in pre-bid engagements, reflecting strong demand for high-rise office, retail, and mixed-use development opportunities.
24 November 2025 Auction Highlights
Two prominent parcels, Plot 18 and Plot 17, were auctioned in this first Phase 3 round:
| Plot | Size | Final Price per Acre | Buyer |
|---|---|---|---|
| Plot 18 | 5.31 acres | ₹137.25 crore | MSN Urban Ventures LLP |
| Plot 17 | 4.59 acres | ₹136.5 crore | Vajra Housing Projects LLP |
Total revenue from these two plots reached approximately ₹1,356 crore for the Telangana government.
Additional Key Insights
- Bidding continued beyond the scheduled 3 hours due to active competition from about 10 major national and local developers.
- The pricing reflects an 87 percent jump from 2023 auctions, where average land values were around ₹73 crore per acre.
- These plots are located in a multi-use zone with no height restrictions, making them ideal for iconic high-rise commercial towers and integrated office campuses.
- Proximity to the IT and Financial Districts continues to elevate demand and investor confidence.
Upcoming Neopolis Auction Dates
November 28, 2025
- Two plots
- Sizes: approximately 4.03 acres and 5.03 acres
- Upset price: ₹99 crore per acre
- Auction timing: 11 AM to 2 PM
December 3, 2025
- Two plots
- Sizes: approximately 4 acres and 4.04 acres
- Same upset price and timing
Given the November 24 outcome, market expectations indicate bids may again surpass ₹130 crore per acre.
Golden Mile Auction on December 5, 2025
In the prestigious Kokapet belt adjoining Neopolis:
- One commercial plot in the Golden Mile layout
- Approximately 1.98 acres
- Upset price: ₹70 crore per acre
- Auction timing: 11 AM to 2 PM
On the same day from 3 PM to 6 PM, HMDA will also auction Moosapet parcels in Kukatpally. These belong to a different micro-market and pricing bracket.
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Why Neopolis Continues to Attract Investors
Key Growth Drivers
- Direct access to major corporate zones and upcoming infrastructure
- Strong demand for commercial leasing in Hyderabad
- Multi-use zoning and no floor limit encouraging vertical growth
- Future-ready environment for tech and financial institutions
The steep rise in land prices confirms Hyderabad’s growing position as a top-performing commercial real estate hub in India.
Market Impact and Outlook
These auctions will likely influence land and property valuations across:
- Kokapet
- Narsingi
- Financial District
- Broader western Hyderabad corridors
Premium developments, improved connectivity, and institutional investments are expected to propel long-term appreciation in both commercial and residential segments.
Neopolis Phase 3 is set to shape Hyderabad’s future skyline with landmark corporate towers and next-generation mixed-use business districts.
Conclusion
The Neopolis Phase 3 auctions mark a turning point for Hyderabad’s commercial real estate landscape. With prices touching new national records and participation from top developers, Kokapet is evolving into a premium global business district. The upcoming auctions on November 28, December 3, and December 5 are expected to maintain the same momentum, reinforcing the area’s investment strength and long-term value potential. As infrastructure continues to expand and commercial demand rises, Neopolis will remain a focal point for high-growth opportunities in Hyderabad’s property market.