An Acre in Raidurg Sold For Record ₹ 237 Crore
The auction was conducted through the MSTC e-Auction platform, ensuring a transparent, robust, and highly competitive digital bidding process
Hyderabad: The marquee Raidurg e-auction commanded an exceptional price of Rs 237 crore per acre, marking a substantial 70.5 per cent surge above the reserve price of Rs 139 crore per acre, setting a new record for the region. Gowra Ventures was the successful bidder.
The spectacular outcome was achieved for Plot No. 1A & 1/F, a prime 6.29-acre multi-use land parcel located in Hyderabad’s thriving Raidurg growth corridor.
The auction witnessed extraordinary participation and intense competitive bidding from leading national developers, culminating in a staggering overall transaction value of nearly `1,490.73 crore. The surge generally ranges between 30 per cent and 40 per cent maximum, reaching 50 per cent from the reserve price. However, this auction stood out with a 70.5 per cent surge due to the land being in a prime location and falling into the multi-use category.
Compared to earlier auctions, this is a landmark achievement for Telangana's real estate sector. This also asserts that the Telangana Industrial Infrastructure Corporation (TGIIC) has established an unprecedented benchmark in land value realisation.
Surpassing the previous benchmark from TGIIC’s 2025 auction, where prime land reached `177 crore per acre, this transaction marks a further increase of 34 per cent, thereby setting a new high standard for land pricing in Hyderabad and reinforcing Telangana’s emergence as one of India’s most attractive investment destinations
Commenting on the successful auction, K. Shashanka, vice-chairman and managing director of TGIIC, said that the phenomenal response to the Raidurg e-auction is a reflection of the extraordinary confidence that investors and developers have in Hyderabad and Telangana.
“Achieving a historic price discovery of `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,” he said.
“We express our sincere gratitude to the Chief Minister A. Revanth Reddy and industries and commerce D. Sridhar Babu, and the government of Telangana, for their visionary leadership,“ he added.
The auction was conducted through the MSTC e-Auction platform, ensuring a transparent, robust, and highly competitive digital bidding process. In this e-auction, JLL acted as the exclusive transaction advisor for the landmark transaction.
According to TGIIC, this record-shattering result is a strong testament to Telangana’s visionary governance, progressive industrial policies, world-class infrastructure creation, and Hyderabad’s growing stature as a global investment and innovation hub.
TGIIC stated that the unwavering support and relentless focus on creating a transparent, investor-friendly, and future-ready business environment are roping in investors and resulting in real estate flourishing.
According to TGIIC, this landmark achievement further reinforces Hyderabad’s position among the most preferred global destinations for investment, infrastructure, and large-scale development.
TGIIC officials said that the Industrial Infrastructure Corporation continues to play a pivotal role in catalysing industrial and infrastructure-led growth across Telangana through strategic land development, transparent allocation mechanisms, and world-class infrastructure creation.
There is another auction scheduled on June 1. This land parcel measuring 5.09 acres is located in the same area – Raidugam, also known as Raidurg Panmaktha (as per revenue records).