Hyderabad Raidurg Land Auction Sets New Record at 264 Crore Per Acre

A 5.25-acre plot in Hyderabad’s Raidurg area has fetched a record ₹264 crore per acre in an e-auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC), highlighting the intense demand for prime land in one of the city’s key business corridors.

The plot, identified as P1 in Survey No. 83/1 at Raidurg Panmaktha, was sold for a total of ₹1,386 crore, according to an official release cited by PTI and reported by ETRealty. The land had a reserve price of ₹175 crore per acre, meaning the winning bid was 50.9% above the reserve.

The transaction also surpassed the previous record for land in the same layout. In May 2026, an auction had fetched ₹237 crore per acre. The latest sale therefore represents another sharp rise in the value being placed on premium land in the Raidurg corridor.

The auction was conducted through the MSTC e-auction platform, with JLL acting as the exclusive transaction adviser, ETRealty reported. The successful transaction involved competition from national-level developers, with MSN Realty emerging as the successful bidder, according to The New Indian Express.

Raidurg is part of Hyderabad’s wider western business district, where commercial development, technology companies and large-scale infrastructure have pushed up demand for strategically located land. The latest auction provides a direct measure of how much investors are willing to pay for limited parcels in established business corridors.

TGIIC vice-chairman and managing director K Shashanka said the auction reflected confidence in Telangana’s future and its infrastructure and investment environment, according to ETRealty.

The record could also prove short-lived. Another 5.38-acre parcel in the same Raidurg Panmaktha layout is scheduled for auction, with officials indicating that bidding could potentially exceed the latest ₹264 crore-per-acre benchmark, The New Indian Express reported.

For Hyderabad’s property market, the significance extends beyond one government land sale. The successive records show that premium land in established commercial corridors is commanding increasingly aggressive bids, even as developers compete for sites capable of supporting high-value commercial and mixed-use projects.

Source: https://realty.economictimes.indiatimes.com/amp/news/industry/hyderabads-raidurg-land-price-hits-record-264-crore-per-acre-in-e-auction/133416829