Has Hyderabad Set a New Record in Real Estate with Rs 177 Crore per Acre?
Click to start listening
Synopsis
Hyderabad's real estate market has witnessed a groundbreaking auction where an acre of land sold for a record-breaking Rs 177 crore. This auction, conducted by TGIIC, reflects immense investor confidence and sets a new standard for land values in Telangana, showcasing the city's growth and potential. Discover the implications of this record-setting auction.
Key Takeaways
- Record auction price: Rs 177 crore per acre.
- Location: Raidurg, Hyderabad Knowledge City.
- Previous record: Rs 100.75 crore at Neopolis.
- Strong investor interest: Attracted national and regional developers.
- Government support: Policy backing enhances investor confidence.
Hyderabad, Oct 6 (NationPress) A remarkable milestone has been achieved in the real estate sector of Hyderabad, as an acre of government land was auctioned for an astounding Rs 177 crore.
The Telangana Industrial Infrastructure Corporation (TGIIC) has established a new benchmark with its recent auction of 7.67 acres at Raidurg, within the Hyderabad Knowledge City, setting a new standard for land prices in Telangana.
According to officials, this represents the highest price per acre ever attained in any government-led auction in the state, exceeding the previous record of Rs 100.75 crore per acre for 3.60 acres set during auctions organized by the Hyderabad Metropolitan Development Authority (HMDA) in 2023 at Neopolis, Kokapet.
The government noted that the Raidurg auction attracted significant interest from top national and regional developers, reflecting strong investor confidence in Hyderabad’s ongoing development and the transparency of the auction process. This also highlights the comprehensive policy support from the government.
The auction was effectively conducted by JLL India & MSTC as the auction partner, who served as the exclusive transaction advisor to TGIIC, ensuring a transparent and competitive bidding environment that maximized value for the state.
“The remarkable success of the Raidurg auction marks a proud moment for Telangana. The record price of Rs 177 crore per acre illustrates the strong confidence investors and developers have in Hyderabad’s long-term potential and the vision of Telangana Rising-2047,” stated K. Shashanka, VC & Managing Director of TGIIC.
He emphasized that this result reaffirms the State Government’s vision under Chief Minister A. Revanth Reddy’s leadership to foster a transparent, business-friendly, and high-growth environment. This achievement at Raidurg further solidifies Hyderabad’s reputation as one of India’s most appealing and competitive investment locations, he added.
“Achieving Rs 177 crore per acre at Raidurg—almost 75 percent higher than the Rs 101 crore per acre benchmark at Neopolis—demonstrates Hyderabad’s remarkable market strength, robust investor sentiment, and the city’s transformation into a genuine global business hub,” remarked a spokesperson from JLL India.
Point of View
The record-setting auction in Hyderabad is a testament to the region's economic vitality and investor confidence. Such milestones not only enhance Telangana's real estate landscape but also reflect a broader trend of growing investment in India's urban centers. The success of the auction emphasizes the need for continued transparency and supportive policies to sustain this growth trajectory.
NationPress
06/10/2025
Frequently Asked Questions
What is the significance of the Rs 177 crore auction?
The auction represents the highest price ever achieved for government land in Telangana, indicating strong investor confidence and setting a new benchmark for land values.
Who managed the auction process?
The auction was successfully managed by JLL India & MSTC, who acted as exclusive transaction advisors to TGIIC.
How does this auction reflect Hyderabad's growth?
The auction attracted participation from leading developers and investors, showcasing Hyderabad's potential as a thriving business hub and its appeal in the real estate market.
