Auction of plots at Madhurawada conducted by the Visakhapatnam Urban Development Authority (VUDA) on Thursday fetched Rs 356.6 crore. The total extent of plots sold was 73.79 acres. According to a press release, Finishing Touch Developers Pvt Ltd (New Delhi) purchased 19.53 acres at Rs 5.15 crore per acre, which was the highest price realised per acre in the area. Aditya HIDCO, Hyderabad, bought a plot of 28.31 acres at Rs 4.78 crore per acre, another 10 acres at Rs 5.015 crore per acre and a third of 1.25 acre at Rs 10,101 per square metre. Seven Hills Logistics System, Hyderabad, bought 3.5 acres at Rs 4.005 crore per acre, Neptune Developers (Mumbai) 5.90 acres at Rs 4.51 crore per acre and Berggen Real Estate (Mumbai) 5.30 acres at Rs 4.51 crore per acre.
Courtesy : Business Line
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