The TGIIC has raised Rs 2,833.22 crore from two successive land auctions at Raidurg, underscoring Hyderabad’s growing appeal as a business hub. Plot P2 alone fetched Rs 1,447.22 crore at Rs 269 crore per acre, surpassing last week’s record bid for Plot P1.
TGIIC’s e-auction of Plot No. P1 at Raidurg fetched a record Rs. 264 crore per acre, generating Rs 1,386 crore from 5.25 acres. The bid marked a 50.9 percent premium over the reserve price and underscored the rising demand for prime land in Hyderabad.
