A land auction conducted by the Telangana government in Hyderabad’s IT corridor has fetched record-breaking bids, with one plot selling for ₹177 crore per acre, the highest ever in the state’s land value history.
According to officials, a 7.67-acre land parcel at Raidurg, located near the bustling HITEC City, was auctioned for ₹1,358 crore, setting a new benchmark for land values in Telangana. The auction was conducted by the Telangana Industrial Infrastructure Corporation (TGIIC) on Monday and attracted participation from 12 bidders, including several leading developers and investment firms.
Another 11-acre plot in the same locality fetched ₹1,556.5 crore at ₹141.5 crore per acre, with five bidders taking part in the process. Together, the two transactions generated nearly ₹2,900 crore in direct auction proceeds.
In addition to the sale value, the state exchequer is expected to earn an estimated ₹3,135 crore from associated revenues such as stamp duty, registration fees, and other statutory charges linked to the transactions, the official release said.
Officials said the outcome of the auction underscores the growing investor confidence in Hyderabad’s commercial real estate market, particularly in the western corridor where major technology companies, global capability centers, and commercial developers continue to expand their footprint.
The government described the event as “historic,” noting that such high valuations reflect the strategic appeal of Raidurg and its surrounding areas, which have rapidly emerged as one of the country’s top real estate destinations. The location’s proximity to major IT hubs, metro connectivity, and social infrastructure has significantly driven demand and land appreciation.
The state government stated that the outcome of the auction highlights Hyderabad’s rising status as a major investment destination and reinforces Telangana’s transparent and investor-oriented policy framework. The administration attributed the achievement to initiatives led by Chief Minister A Revanth Reddy and Industries Minister D Sridhar Babu, aimed at promoting competitive land monetisation and strengthening public revenue generation.
The Raidurg area, which lies adjacent to HITEC City and Financial District, has been witnessing consistent interest from developers looking to build large-scale office complexes, mixed-use towers, and data centre facilities. Analysts note that such high bids are driven by the scarcity of land parcels in the IT corridor and continued demand from global companies seeking Grade A office space.
In recent years, Hyderabad has maintained a steady position among India’s top-performing real estate markets, both in commercial and residential segments. The latest auction is expected to further boost the city’s image as a magnet for institutional investment.
The state government plans to channel the revenue from the auction into infrastructure development, including new industrial corridors and urban expansion projects, to support continued economic growth.
Officials said the strong response to the Raidurg plots has prompted the government to consider additional land auctions in key locations over the coming months.
.png)