Hyderabad, July 1 -- Hyderabad's real estate market continued to witness strong demand as residential plot prices at the Hyderabad Metropolitan Development Authority (HMDA) layout in Mokila reached record Rs 1.09 lakh per square yard.

In Shankarpally mandal of Rangareddy district, HMDA auctioned 100 residential plots at its Mokila layout. On the first day, fifty plots were auctioned and the remaining 50 on the second day.

Rs 50,000 was the base price

The plots were auctioned with a base price of Rs 50,000 per square yard. On the first day, the highest successful bid reached Rs 1 lakh per square yard. On the second day, the top bid touched Rs 1,09,500 per square yard.

The lowest successful bid on the second day was Rs 66,500 per square...