The Telangana government is eyeing a record windfall from its upcoming land auction in Raidurg Knowledge City, with expectations of earning more than ₹2,000 crore from the sale of two prime parcels. The Telangana State Industrial Infrastructure Corporation (TSIIC) has fixed the upset price at ₹101 crore per acre, hoping that competitive bidding will push the final price to as much as ₹150 crore per acre.
The auction, scheduled for October 6, covers 18.67 acres divided into two plots of 11 acres and 7.67 acres. Based on the minimum upset price, the government stands to generate over ₹2,000 crore, a figure that could rise significantly if developers bid aggressively.
The move comes exactly two years after the Hyderabad Metropolitan Development Authority (HMDA) sold a one-acre plot at Neopolis Phase II in Kokapet for ₹100.75 crore, setting a new benchmark for Hyderabad’s real estate market. Officials said the Raidurg auction will serve as a key indicator of current market sentiment, particularly in the city’s western corridor, which has been the focal point for IT and commercial expansion.
Raidurg Knowledge City, spread across 470 acres, is home to over 100 companies including Apple, JP Morgan, and several multinational technology and financial firms. The plots on auction are located close to these established hubs and benefit from strong metro connectivity as well as links to the Outer Ring Road and the international airport.
“The land parcels are earmarked for multi-use purposes, covering commercial, residential, hospitality, recreational, and entertainment development. This removes the need for change of land use, making them highly attractive to developers,” an official explained.
Real estate players said the government’s timing is notable. The sector has experienced a slowdown over the past two years, but October to December is traditionally considered a favourable season for investments. By choosing this window, authorities are hoping to maximize participation from developers and institutional investors.
The TSIIC has clarified that successful bidders must accept the letter of award within a week of the auction and complete full payment within 90 days. This condition, officials said, is designed to ensure faster project take-off and avoid delays in realizing revenues.
While the upset price has been set at ₹101 crore per acre, expectations are that bidding could take the price closer to ₹130–150 crore per acre, depending on market appetite. Analysts said that even at the lower end of the range, the government would secure one of its highest-ever revenues from land auctions.
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