The Hyderabad Metropolitan Development Authority (HMDA) raked in ₹231.65 crore by way of auction of plots in phase-3 of its Mokila layout on Tuesday.

All 100 residential plots put up for auction in the third phase were sold. The highest bid recorded was ₹1,09,500 per square yard, while the average bid stood at ₹75,640 per square yard, a statement from HMDA informed. The auction witnessed intense competition among bidders, with several plots attracting multiple bids, the note said.