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Key Points

The Telangana government just made history with a massive land auction in Raidurg. Two prime plots brought in a staggering Rs 3,135 crore, setting new benchmarks for India's real estate sector. The auction saw fierce competition with up to 12 bidders vying for these premium commercial spaces. This success story really shows how Hyderabad is becoming a major investment magnet in the technology and business world.

Key Points: Telangana Raidurg Land Auction Sets Record at Rs 3135 Crore

  • Second 11-acre plot sold for Rs 1,556 crore with five bidders participating
  • First 7.67-acre parcel fetched Rs 1,358 crore amid competition from 12 bidders
  • Total revenue includes auction proceeds plus stamp duty and registration fees
  • Plots located in prime Hyderabad Knowledge City near HITEC City and Gachibowli
2 min read

Raidurg land auction sets record as Telangana earns Rs 3,135 cr from two plots

Telangana earns Rs 3,135 crore from a landmark Raidurg land auction, with two plots fetching record prices, highlighting Hyderabad's booming real estate market.

"The auction's outcome reflects Hyderabad's growing appeal as a key investment hub - Press Release"

New Delhi, October 7

The Telangana government has achieved a benchmark in India's real estate sector, with the second parcel of land at Raidurg fetching around Rs 1,556 crore in an auction held on Monday.

This takes the total revenue from two parcels of land to nearly Rs 3,135 crore, marking one of the biggest auctions in Hyderabad's history.

According to a press release, the Telangana Government, through the Telangana State Industrial Infrastructure Corporation (TGIIC), conducted the auction for two land parcels in Raidurg, located within Hyderabad Knowledge City.

The second parcel, an 11-acre plot, recorded a winning bid of Rs 141.5 crore per acre, totalling Rs 1,556.5 crore with participation from five bidders. Earlier in the day, the first parcel, measuring 7.67 acres, fetched Rs 1,358 crore, translating to approximately Rs 177 crore per acre, following competition among 12 bidders.

The release stated that, apart from the auction proceeds, the state will also earn additional income through registration fees and stamp duties, bringing the total estimated revenue to Rs. 3,135 crore. The land parcels, situated near HITEC City and Gachibowli, are among the most sought-after commercial zones in Hyderabad.

The auction's outcome, according to the press release, reflects Hyderabad's growing appeal as a key investment hub and highlights the city's rapid expansion as a business and technology centre. The Raidurg plots, part of the larger Hyderabad Knowledge City project, are expected to host major commercial developments that will further boost the region's infrastructure and employment prospects.

The Telangana Government credited the success to its transparent and investor-friendly approach. The statement also highlighted the leadership of Chief Minister A. Revanth Reddy and Industries Minister D Sridhar Babu for shaping policies that attract large-scale investments into the state.

The Vice Chairman and Managing Director of TGIIC expressed gratitude to the government for entrusting the corporation with this landmark auction. He thanked all the bidders for their participation and faith in Telangana's growth story. He also appreciated the work of the TGIIC team, along with JLL and MSTC, for the smooth and transparent conduct of the auction.

- ANI

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Reader Comments

P
Priya S
While this is impressive, I hope the government uses this massive revenue for public welfare projects and not just corporate development. The common citizens should benefit from such windfall gains through better schools, hospitals, and public transport.
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Arjun K
₹177 crore per acre?! That's insane pricing! Shows how much demand there is for prime commercial space in Hyderabad. The HITEC City-Gachibowli corridor continues to be the gold standard for IT infrastructure in India.
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Sarah B
As someone working in the real estate sector, this sets a new benchmark for land valuations across Indian metros. Other state governments should learn from Telangana's transparent auction process. Well done!
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Michael C
Great achievement, but I'm concerned about the rising property prices in Hyderabad. This record auction might make housing even more unaffordable for middle-class families in the surrounding areas.
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Kavya N
Hyderabad is truly giving tough competition to Bengaluru as India's tech capital! The strategic location near HITEC City makes this a win-win for both investors and the state's economy. More power to Telangana! 💪

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