Raidurg auction sets record Rs 237 cr per Acre

metro india news  I hyderabad

In a landmark achievement for Telangana’s real estate and investment landscape, the Telangana Industrial Infrastructure Corporation (TGIIC) created history by achieving an unprecedented land valuation of nearly Rs 237 crore per acre in the prestigious Raidurg e auction conducted on Wednesday.

The record breaking bid was secured for Plot No. 1A and 1/F, a prime 6.29 acre multi use land parcel located in Hyderabad’s fast growing Raidurg corridor. The auction witnessed intense participation from leading national developers and investors, resulting in a total transaction value of nearly Rs 1,490.73 crore.

The final bid price marks a massive 70.5 percent increase over the reserve price of Rs 139 crore per acre. It also surpasses the previous benchmark set during TGIIC’s 2025 auction, where land prices touched Rs 177 crore per acre, reflecting an additional rise of around 34 percent.

The auction was conducted through the MSTC e Auction platform, ensuring a transparent and highly competitive digital bidding process. International property consultant JLL served as the exclusive transaction advisor for the landmark sale.

Officials said the extraordinary response reflects the growing confidence of investors and developers in Hyderabad and Telangana as premier destinations for large scale investments, infrastructure development, and innovation driven growth.

Speaking on the occasion, K. Shashanka, IAS, Vice Chairman and Managing Director of TGIIC, said, “The phenomenal response to the Raidurg e auction is a reflection of the extraordinary confidence that investors and developers have in Hyderabad and Telangana. Achieving a historic valuation of approximately Rs 237 crore per acre for this marquee multi use land parcel marks a defining moment in the state’s growth journey.”

He further added, “We express our sincere gratitude to Chief Minister A. Revanth Reddy and Industries and Commerce Minister D. Sridhar Babu for their visionary leadership and unwavering support in creating a transparent, investor friendly, and future ready business environment.”

TGIIC stated that it will continue to play a key role in accelerating industrial and infrastructure led growth across Telangana through strategic land development, transparent allocation mechanisms, and world class infrastructure creation.