In a landmark e-auction conducted by the Telangana State Industrial Infrastructure Corporation (TGIIC) on Thursday, one acre of land in Raidurg was sold for Rs 237 crore, shattering previous records. The 6.29-acre land parcel was acquired by Gowra Ventures Pvt Ltd for the development of an IT office tower and mixed-use project, according to sources.
Record-Breaking Bid Details
The winning bid of Rs 237 crore per acre is 70% above the reserved price of Rs 139 crore per acre. This translates to a total transaction value of approximately Rs 1,490 crore for the entire 6.29-acre plot. The previous record for land in the same Raidurg area was set in October 2025, when TGIIC sold one acre for Rs 177 crore, which was 34% above the upset price of Rs 101 crore per acre.
Additional Land Parcel Up for Auction
The state government had put up two land parcels in Raidurg for auction: one measuring 6.29 acres and another of 5.09 acres. While the first was e-auctioned on Thursday, the second 5-acre plot is scheduled for auction on June 1.
Why Raidurg Land Commands Premium
Officials attributed the spectacular outcome to the prime location of the land, situated in the heart of Hyderabad's thriving Raidurg growth corridor. The area is home to some of the largest global corporations, along with T-Hub and T-Works. Proximity to the Outer Ring Road and Rajiv Gandhi International Airport (RGIA) further enhances its appeal. Intense competitive bidding from leading national developers drove the price to record levels.
Government's Response
TGIIC Vice Chairman and Managing Director K Shashanka stated, “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 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.” He added that this landmark achievement reinforces Hyderabad’s position among the most preferred global destinations for investment, infrastructure, and large-scale development.
Implications for Hyderabad Real Estate
This record auction underscores the surging demand for prime real estate in Hyderabad, particularly in the Raidurg corridor. The successful bid reflects investor confidence in the region's growth potential and infrastructure connectivity. The upcoming auction of the second land parcel on June 1 is expected to attract similar interest.
