A 5.25-acre plot in Hyderabad’s Raidurg area has been sold for ₹1,386 crore, fetching a record ₹264 crore per acre in an e-auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC), according to a statement issued by the state-run infrastructure body on August 21, 2026.
The TGIIC generated ₹1,386 crores from the auction of plot no.1, spread across 5.25 acres of prime multi-use land, the statement said.
According to the statement, the land parcel, was auctioned through an e-auction and fetched a 50.9% premium over its reserve price.
TGIIC had set a reserve price of ₹175 crore per acre for the Raidurg plot. The final bid of ₹264 crore per acre translates into a total consideration of ₹1,386 crore for the 5.25-acre parcel.
Raidurg land auctions: What other plots have sold for
The latest auction also marks a sharp rise in land values in the Raidurg corridor. TGIIC’s previous auction in the area had fetched ₹237 crore per acre in May 2026. The latest transaction surpassed that price by ₹27 crore per acre, indicating continued demand from developers for land in the strategic Hyderabad business district.
In October 2025, a plot of 7.67 acres at Raidurg in Hyderabad's IT corridor was auctioned by the state government for ₹1,358 crore at the rate of ₹177 crore per acre, and this sets a new record in land value in Telangana.
{{/usCountry}}In October 2025, a plot of 7.67 acres at Raidurg in Hyderabad's IT corridor was auctioned by the state government for ₹1,358 crore at the rate of ₹177 crore per acre, and this sets a new record in land value in Telangana.
{{/usCountry}}Also Read: ₹177 crore per acre to govt">Land auction conducted in Hyderabad fetches ₹177 crore per acre to govt
This outcome reflects the intensifying competition among premier developers and the market's increasingly bullish outlook on Hyderabad's strategic corridors, confirming Telangana's position as a high-growth destination for institutional real estate capital, the statement said.
According to TGIIC, the auction was conducted through the MSTC e-Auction platform, with JLL appointed as the exclusive transaction adviser. The process was designed to ensure transparency and facilitate competitive participation from leading national developers, the authority said in a statement.
“The successful outcome of the plot auction speaks volumes about the confidence and conviction that the developer community places in Telangana's future. What we are witnessing is not just strong pricing, but a clear endorsement of the state's development philosophy, one rooted in transparency, infrastructure excellence, and creating genuine value for all stakeholders," said K. Shashanka, Vice Chairman and Managing Director of TGIIC.
"The quality of participation and the competitive spirit displayed throughout the auction reflect a market that recognizes Hyderabad's transformation into a truly world-class business destination.”
The strategic location of Raidurg in the city's IT corridor, coupled with seamless connectivity to HITEC City, has positioned these plots as benchmarking real estate for marquee commercial developments, according to government officials.