TGIIC eyes high returns from Sangareddy land auction
TGIIC notified the auction of over 15 acres at Osman Nagar in Sangareddy on April 23, a month after postponing earlier plans. TGIIC attempts to acquire lands for establishment of industrial parks at other places triggered protests and objections from farmers.
Hyderabad: The Telangana Industrial Infrastructure Corporation Limited (TGIIC) has issued a fresh notification to auction more than 15 acres of land at Osman Nagar in Sangareddy district.
The move comes months after the corporation auctioned two prime plots spread across 18.67 acres at Raidurg in October last year.
The latest notification follows the postponement of an earlier plan to auction seven plots in Osman Nagar last month. The corporation had developed nine plots under the multi-use zone in Survey No. 30 at Osman Nagar in Ramchandrapuram.
Earlier, plots 1, 2, 3, 4, 6, 7 and 9 were identified for auction. However, the process was deferred without an official explanation. In the new notification, TGIIC has put up two plots for auction. Plot 1 measures 10.09 acres, while plot 6 spans 5.72 acres. The auction will be held on April 23 in two sessions.
The upset price has been fixed at Rs.39 crore per acre. The minimum bid increment is Rs.25 lakh per acre or in multiples of it. Officials expect the final bids to range between Rs.50 crore and Rs.60 crore per acre, based on prevailing market trends.
In October 2025, TGIIC generated Rs.3,155 crore by auctioning two plots at Raidurg. An 11-acre parcel fetched Rs.1,556.5 crore at Rs.141.5 crore per acre, with five bidders participating. Another 7.67-acre plot drew 12 bidders and was sold for Rs.1,358 crore at Rs.177 crore per acre. Officials said the entire amount was received from the successful bidders.
The corporation has, however, faced criticism in recent months over land acquisition for industrial parks in Rangareddy, Vikarabad and other areas. Farmers and landowners have protested against the acquisition of their lands. In one instance at Lagacherla village, the corporation had to withdraw its notification following strong opposition.
Plans to develop an IT park over 400 acres in Kancha Gachibowli in Serilingampally also triggered widespread protests over environmental damage. The issue drew national attention and eventually reached the Supreme Court, which directed the State government to maintain the status quo.
