Shocked at the new Mokila HMDA auction rates.. 1 Lakh+ per sqyd?!

Just saw a poster floating around on WhatsApp about the Mokila Phase 3 e-auction that wrapped up recently. Honestly, I'm completely shocked at these numbers. They sold out all 100 plots and the highest bid apparently touched almost 1.1 Lakh per sq yard! Even the average bidding rate was somewhere around 75k. I remember few years back when people used to talk about Mokila as this far away affordable area near Shankarpally where you could easily get clean plots for 35k or 40k.

Now if the government layout land itself is averaging 75k, private developers in that same stretch will easily start demanding 90k or 1 Lakh plus for gated ventures. Who is actually buying at these rates? By the time you buy a 300 sqyd plot and construct a decent villa there, the total budget will cross 4Cr easily. Is it even sustainable for Mokila or are people just blindly FOMOing because of the Neopolis growth nearby? Maybe I'm wrong and the connectivity to Financial District makes it worth it, but 1L+ per sqyd feels a bit crazy for that distance. Anyone else tracking this auction?