The Telangana Industrial Infrastructure Corporation has raised ₹1,386 crore by auctioning 5.25 acres at Raidurg in Hyderabad at ₹264 crore per acre, a 51 per cent premium over the reserve price.
The Telangana Industrial Infrastructure Corporation (TGIIC) has raised the benchmark for premium land values in Hyderabad, securing ₹1,386 crore from the e-auction of 5.25 acres at Raidurg here on Friday.Plot No. P1 in Raidurg, which is close to the city’s IT hub, was offered at a reserve price of ₹175 crore per acre and eventually sold for ₹264 crore per acre, representing a 51 per cent premium over the reserve price.“The outcome signals strong investor confidence in Hyderabad’s strategic business corridors and Telangana’s infrastructure-led growth model,” TGIIC said in a release.New high for Raidurg corridorThe latest result also marks a significant jump from TGIIC’s previous Raidurg auction in May 2026, when land fetched ₹237 crore per acre.At ₹264 crore per acre, Plot P1 sets a new high for the corridor, underscoring sustained competition for scarce premium development land.JLL advises on e-auctionThe auction was conducted through the MSTC e-Auction platform, with JLL serving as the exclusive transaction advisor.TGIIC Vice Chairman and Managing Director K. Shashanka said the result demonstrated the developer community’s confidence in Telangana’s economic trajectory.“The successful outcome of the Plot P1 auction speaks volumes about the confidence and conviction that the developer community places in Telangana’s future,” the official added.Published on August 21, 2026
