Business EconomyPosted at: Dec 10 2025 2:28AM


Developers of “The Cascades Neopolis” win Telangana’s 2nd highest land bid ever for Rs 151.25 crore per acre

Hyderabad, Dec 9 (UNI) GHR Infra, Lakshmi Infra, and Urbanblocks Realty developers further strengthened their realty leadership in Hyderabad by jointly securing Neopolis Plot 15, a premium 4.03 acre northeast corner land parcel with two 150 ft road frontages, at the highest bid of Rs 151.25 crore per acre.
This bid was part of Phase 3 auction conducted recently by the Hyderabad Metropolitan Development Authority (HMDA).
While this is Telangana’s second highest bid till date and the highest ever in Neopolis so far, the only other higher bid the state recorded was in October this year, which was in Raidurg, Hyderabad Knowledge City, at Rs 177 crore per acre, the company said in a release here today.
This successful bid further consolidates the developers’ presence in Neopolis, Hyderabad’s futuristic and most closely watched growth corridor.
In June this year, they announced the launch of "The Cascades Neopolis," a Rs 3,169-crore luxury residential project that is set to redefine opulent living in Hyderabad.
This project, with its five 63-storey towers and 217m in height, is poised to become an iconic landmark, offering a sublime blend of contemporary design, sustainable living, and home automation systems. Since the launch, it has seen strong reception from homebuyers and channel partners, who recognise Neopolis as the next address for high-rise luxury living in Hyderabad.
"Neopolis Plot 15 (our newly acquired land parcel) a rare canvas on which we can explore differentiated product configurations and deepen our commitment to future-ready realty. Master planning and concept development for Plot 15 are currently in progress. Details of the proposed mixed-use development, configurations, and timelines will be shared after design finalisation and completion of statutory processes,” read a joint statement released by Karteesh Reddy M (representing GHR Infra), Lakshmi Narayana G (representing Lakshmi Infra), and Sharat V, (representing Urbanblocks Realty).
For the uninitiated, in August 2023, the same developers created a joint consortium, GHR Lakshmi Urbanblocks Infra LLP, which had won the bid for Plot 14 in Neopolis, a sprawling 7.34 acres land parcel for Rs 70 crore per acre.
The Cascades Neopolis, the mega residential project is being built at the same location with targeted handover to buyers by March 2030.
UNI KNR SS
Please log in to get detailed story.
Tags: #Developers of “The Cascades Neopolis” win Telangana’s 2nd highest land bid ever for Rs 151.25 crore per acre
More News

NITES complains to Centre over Wipro hiring

19 Jan 2026 | 9:41 PM

Bengaluru, Jan 19 (UNI) The Nascent Information Technology Employees Senate (NITES) has formally submitted a complaint to the union Labour Minister Mansukh L Mandaviya against Wipro Limited, citing serious recruitment irregularities affecting over 250 selected fresh graduates across multiple states.

see more..

New IBM platforms lets businesses, govts control AI workloads locally

19 Jan 2026 | 9:25 PM

Bengaluru, Jan 19 (UNI) IBM has launched a new software called IBM Sovereign Core, designed to help businesses, governments, and service providers manage AI workloads securely while keeping full control over their technology.

see more..

UP secures Rs 9,750 cr MoUs at Davos

19 Jan 2026 | 9:16 PM

Davos/ Lucknow, Jan 19 (UNI) The Uttar Pradesh Government delegation, led by state finance and parliamentary affairs Minister Suresh Kumar Khanna, began its engagements at the World Economic Forum (WEF) meeting in Davos with a strong focus on forging global partnerships and securing high-impact investments.

see more..

Arya Omnitalk CEO backs CCPA crackdown on illegal walkie-talkies

19 Jan 2026 | 9:13 PM

Bengaluru, Jan 19 (UNI) The Central Consumer Protection Authority's (CCPA) crackdown on the illegal sale of walkie-talkies on e-commerce platforms is timely and essential to protect both consumer safety and national security, Arya Omnitalk CEO Paresh Shetty said on Monday.

see more..

Nifty falls below 25,500 amid weak global cues

19 Jan 2026 | 7:37 PM

New Delhi, Jan 19 (UNI) The Indian stock market on Monday began the week on a subdued note. Nifty fell below 25,500 intraday amid weak global cues triggering broad-based profit booking.

see more..