Uppal Bagayat auction breaks all records
The Hindu
Land sold at ₹1.01 lakh per sq yd
The e-auction of HMDA’s Uppal Bagayat layout on December 2 has broken all the previous records, and yielded the highest price of ₹1,01,000 per square yard for a residential plot.
The last record of highest price was ₹79,000 per square yard, recorded during the previous session of e-auction.
A total 23 plots ranging from 150 square yards to 1,787 square yards, totalling to 19,719 square yards were auctioned online on Thursday, in two sessions, yielding close to ₹142 crore for the urban development authority.
Everyone talks about the Airport Metro, but one look at the pillars and completion seems nowhere in sight. Meanwhile, a faster, cheaper, roomier alternative called the Suburban Rail Airport Corridor is finally getting off the drawing board. This dedicated corridor with its specialised coaches will link the airport to vast stretches of Bengaluru, where the metro connection is still years away.