Hyderabad, Aug.21 (RAHNUMA): The Telangana Industrial Infrastructure Corporation (TGIIC) has achieved a strong outcome through its e-auction of Plot No. P1 in Raidurg, generating Rs.1,386 crore from 5.25 acres of prime multi-use land.
The result underscores Hyderabad’s emergence as one of India’s most dynamic real estate markets and confirms Telangana’s strategic approach to infrastructure-led growth.
Plot No. P1 (5.25 acres) was auctioned against a reserve price of Rs.175 crore per acre, achieving a final realisation of Rs. 264 crore per acre—a 50.9% premium over the reserve price. 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 result marks a sharp escalation in Raidurg land values. TGIIC’s earlier auction fetched Rs. 237 crore per acre in May 2026, a figure Plot P1 has now surpassed at Rs. 264 crore per acre in August 2026, underscoring the sustained intensity of investor demand for the corridor’s premium plots.
The auction was conducted through the MSTC e-Auction platform with JLL serving as exclusive transaction advisor, ensuring transparency, and enabling competitive participation from leading national developers.
K. Shashanka, Vice Chairman & Managing Director of TGIIC, stated that “The successful outcome of the Plot P1 auction speaks volumes about the confidence and conviction that the developer community places in Telangana’s future. What we’re 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,”.
“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,” he said.
K. Shashanka thanked Chief Minister A. Revanth Reddy and Minister for IT and Industries D. Sridhar Babu for their visionary leadership in creating a transparent, business-enabling environment and said that these results position Hyderabad decisively among India’s premier investment destinations.
He further stated that TGIIC continues to drive Telangana’s industrial and infrastructure development through strategic land monetization, transparent allocation processes, and world-class infrastructure delivery.
