Land auction fetches ₹264 crore per acre in Hyderabad’s Raidurg
In a significant development, the Telangana Industrial Infrastructure Corporation (TGIIC) achieved a record high price at a plot auction in Hyderabad's Raidurg region. The plot, Plot No. P1, measuring 5.25 acres, was sold for ₹264 crore per acre, surpassing the previous high of ₹237 crore per acre set in May 2026. This sale generated a total of ₹1,386 crore from the e-auction process, conducted on the MSTC e-Auction platform with JLL as the transaction advisor.
The impressive auction price reflects the confidence of the developer community in Telangana's growth trajectory and positions Hyderabad as a prime business destination.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
