Hyderabad Sets New Real Estate Benchmark: One Acre of Govt Land Fetches Rs 177 Crore

In a significant milestone for the real estate market in Hyderabad, an acre of government land was auctioned for a staggering Rs 177 crore. The Telangana Industrial Infrastructure Corporation (TGIIC) conducted the auction of 7.67 acres at Raidurg, located in the Hyderabad Knowledge City, setting a new benchmark for land value in the state.

The auction, which drew participation from leading national and regional developers, marked the highest-ever price per acre realised in any government-led auction in Telangana. This achievement surpasses the previous record set in 2023 by the Hyderabad Metropolitan Development Authority (HMDA), which saw a price of Rs 100.75 crore per acre for 3.60 acres in Neopolis, Kokapet.

K Shashanka, the Vice Chairman and Managing Director of TGIIC, expressed his satisfaction with the outcome. “The overwhelming success of the Raidurg auction is a proud moment for Telangana. The record price of Rs 177 crore per acre reflects the strong confidence that investors and developers have in Hyderabad’s long-term potential and the Telangana Rising-2047 story,” he said.

The success of the auction is a testament to the state government’s efforts to create a transparent, business-friendly, and high-growth ecosystem. Under the leadership of Chief Minister A Revanth Reddy, Telangana has been working tirelessly to position itself as a leading investment destination in India. “This result at Raidurg further strengthens Hyderabad’s position as one of India’s most attractive and competitive investment destinations,” Shashanka added.

The Hyderabad Knowledge City, where the auction took place, is a key development area in the region, designed to foster innovation and economic growth. The area is expected to attract significant investments in various sectors, including IT, healthcare, and education. The high price per acre achieved in the auction underscores the growing demand for prime real estate in Hyderabad, particularly in strategic locations like Raidurg.

The auction’s success is also a reflection of the confidence investors have in the state’s governance and economic policies. Telangana has been consistently ranked among the top states in India for ease of doing business, and the government’s proactive approach in promoting infrastructure development has played a crucial role in attracting investments.

As the real estate market in Hyderabad continues to grow, the Raidurg auction is likely to set a new standard for future land sales in the region. The high price per acre achieved in this auction is expected to boost the overall value of land in the surrounding areas, making it a lucrative investment opportunity for developers and investors alike.

The Telangana government’s focus on creating a conducive environment for business and investment has been instrumental in driving the growth of the real estate sector. With initiatives like the Hyderabad Knowledge City, the state is poised to attract more investments and further solidify its position as a leading economic hub in the country.

In conclusion, the record-breaking auction of government land in Raidurg is a significant achievement for Telangana and a clear indication of the strong confidence that investors have in the state’s future growth potential. As Hyderabad continues to develop, it is likely to see more such landmark auctions, further enhancing its reputation as one of India’s most attractive investment destinations.