A plot in Raidurg area in the IT hub of the city, was sold for a record ₹264 crores per acre through an e-auction conducted by Telangana Industrial Infrastructure Corporation, officials said on Friday.
The TGIIC generated ₹1,386 crores from the auction of plot no.1, spread across 5.25 acres of prime multi-use land, an official release said.
The Plot No P1 (5.25 acres) was auctioned against a reserve price of ₹175 crore per acre, achieving a final realization of ₹264 crores per acre—a 50.9% premium over the reserve price, it said.
1 August 2026
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This outcome reflects the intensifying competition among premier developers and the market's increasingly bullish outlook on Hyderabad's strategic corridors, confirming Telangana's position as a high-growth destination for institutional real estate capital, it added.
The result marks a sharp escalation in Raidurg land values. TGIIC's earlier auction fetched ₹237 crore per acre in May 2026, a figure Plot P1 has now surpassed at ₹264 crore per acre in August, underscoring the sustained intensity of investor demand for the corridor's premium plots.
The auction was conducted through the MSTC e-Auction platform with JLL serving as exclusive transaction advisor, ensuring transparency, and enabling competitive participation from leading national developers.
TGIIC Vice Chairman and Managing Director K Shashanka said the successful outcome of the Plot P1 auction speaks volumes about the confidence and conviction that the developer community places in Telangana's future.
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"What we are witnessing is not just strong pricing, but a clear endorsement of the state's development philosophy—one rooted in transparency, infrastructure excellence, and creating genuine value for all stakeholders," Shashanka said.
The official thanked Chief Minister A Revanth Reddy and Minister for Industries and Commerce D Sridhar Babu, for their visionary leadership in creating a transparent, business-enabling environment.
TGIIC continues to drive Telangana's industrial and infrastructure development through strategic land monetization, transparent allocation processes, and world-class infrastructure delivery, the release added.
