TGIIC’s Raidurg e-auction sets record with Rs 237 crore per acre bid

TGIIC’s e-auction of a 6.29-acre land parcel at Knowledge City, Raidurg fetched a record Rs 237 crore per acre, generating nearly Rs 1,490 crore overall. Officials said the auction reflected strong investor confidence in Telangana’s growing real estate and investment ecosystem

Hyderabad: Telangana Industrial Infrastructure Corporation’s (TGIIC) e-auction of a plot at Knowledge City, Raidurg on Thursday bid a record price of Rs 237 per acre. The marquee e-auction commanded an exceptional price of approximately Rs 237 crore per acre, marking a substantial 70.5 percent surge above the reserve price of Rs 139 crore per acre. It set a new record for the region, officials said.

The TGIIC stated that e-auction for plot no. 1A &1/F, a prime 6.29-acre multi-use land parcel, was conducted on Thursday. The high-profile auction witnessed extraordinary participation and intense competitive bidding from leading national developers, culminating in a staggering overall transaction value of nearly Rs 1,490.73 crore, the TGIIC announced.

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This bid surpassed the previous benchmark from TGIIC’s 2025 auction, where prime land reached Rs 177 crore per acre. The auction was conducted through MSTC e-Auction platform, ensuring a transparent, robust, and highly competitive digital bidding process. JLL acted as exclusive transaction advisor for the landmark transaction.

TGIIC VC & MD K Shashanka said, “Achieving a historic price discovery of approximately Rs 237 crore per acre for this marquee multi-use land parcel marks a defining moment in the State’s growth journey and demonstrates the immense strength of Telangana’s investment ecosystem.”

Another e-auction for plot no P4 spanning 5.09 acres in the same area is scheduled on June 1.