A 5.25-acre plot in Hyderabad’s Raidurg area has been sold for INR1,386 crore, fetching a record INR264 crore per acre in an e-auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC), according to a statement issued by the state-run infrastructure body on August 21, 2026.
The TGIIC generated INR1,386 crores from the auction of plot no.1, spread across 5.25 acres of prime multi-use land, the statement said.
According to the statement, the land parcel, was auctioned through an e-auction and fetched a 50.9% premium over its reserve price.
TGIIC had set a reserve price of INR175 crore per acre for the Raidurg plot. The final bid of INR264 crore per acre translates into a total consideration of INR1,386 crore for the 5.25-acre parcel.
The latest auction also marks a sharp rise in land values in the Raidurg corridor. TGIIC’s previous auction in the area had fetched ₹237 crore per acre in May 2026. The latest transaction surpassed that price by INR27 crore per acre, indicating continued demand from developers for land in the strategic Hyderabad business district.
In October 2025, a plot of 7.67 acres at Raidurg in Hyderabad’s IT corridor was auctioned by the state government for INR1,358 crore at the rate of INR177 crore per acre, and this sets a new record in land value in Telangana.
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, the statement said.
According to TGIIC, the auction was conducted through the MSTC e-Auction platform, with JLL appointed as the exclusive transaction adviser. The process was designed to ensure transparency and facilitate competitive participation from leading national developers, the authority said in a statement.
“The successful outcome of the plot auction speaks volumes about the confidence and conviction that the developer community places in Telangana’s future. 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,” said K. Shashanka, Vice Chairman and Managing Director of TGIIC. (Source HT)
