TGIIC auction fetches ₹264 crore per acre in Raidurg
The Telangana Industrial Infrastructure Corporation (TGIIC) auctioned a 5.25-acre plot in Raidurg for ₹264 crore per acre, totaling ₹1,386 crore. This record-breaking sale highlights the high demand and growth of the real estate market in Hyderabad.
Why it matters
The auction results serve as a key indicator of investor confidence and the economic health of the commercial real estate sector in India's major business hubs.
Underscoring Hyderabad’s emergence as one of India’s most dynamic real estate markets, plots auctioned by the Telangana Industrial Infrastructure Corporation (TGIIC) were sold at ₹264 crore per acre.
The TGIIC achieved a strong outcome through its e-auction of Plot No. P1 in Raidurg, generating ₹1,386 crore from 5.25 acres of prime multi-use land. Plot No. P1 (5.25 acres) was auctioned against a reserve price of ₹175 crore per acre - a 50.9% premium over the reserve price.
The auction also marks an increase from TGIIC’s previous Raidurg auction in May 2026, when land was sold at ₹237 crore per acre. The latest transaction has taken the price to ₹264 crore per acre.
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