Tag: Hyderabad land auction

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Record Land Auction in Raidurg: 1 Acre Sells for ₹237 Crore

Representative Image HYDERABAD: In a record-breaking e-auction held by the Telangana State Industrial Infrastructure Corporation (TSIIC) on Thursday, an acre of land in Raidurg was sold for an astonishing Rs 237 crore. This sale surpassed previous records, with Gowra Ventures Pvt Ltd acquiring 6.29 acres for the development of an IT office tower and mixed-use projects. Earlier, the TSIIC had auctioned a parcel in October 2025 in the same area for Rs 177 crore per acre. The recent bid exceeded the reserved price of Rs 139 crore by 70%, resulting in approximately Rs 1,490 crore for the state government. The…

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Hyderabad: 4 Acres in Neopolis Sold for ₹609 Crore

HYDERABAD: Setting a new record beyond its previous high on Nov 24, the Neopolis auction saw a remarkable land sale on Friday. A 4.03-acre plot fetched an astounding Rs 151.25 crore per acre, contributing approximately Rs 609 crore to the state’s revenue. Additionally, another 5.03-acre parcel generated Rs 147.75 crore per acre for the Hyderabad Metropolitan Development Authority (HMDA), bringing the total to Rs 1,352 crore. During this week’s earlier Neopolis auction, the highest bid was Rs 137 crore. Plot no 15, measuring 4.03 acres, was secured by Lakshmi Narayana Gummadi, Karteesh Reddy Madgula, Sharat Ventrapragada, and Shyam Sunder Reddy…

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Raidurg Land Auctions in Hyderabad Yield ₹177 Crore/Acre

Representative Image HYDERABAD: A record was set in Hyderabad on Monday with the auction of a 7.67-acre plot in Raidurg’s Knowledge City for an extraordinary Rs 177 crore per acre, marking the city’s most expensive real estate deal. Another 11-acre plot fetched Rs 141.5 crore per acre, totaling nearly Rs 3,000 crore (approximately) for the Telangana State Industrial Infrastructure Corporation (TGIIC), which conducted the auction. The previous high for Greater Hyderabad was in 2023, when a 3.6-acre land parcel in the prestigious Neopolis area of Kokapet was sold for Rs 100.75 crore per acre by the Hyderabad Metropolitan Development Authority…

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Hyderabad Auction Today: 7.5 Acres Expected to Fetch ₹500 Crore

Representative image created by AI HYDERABAD: The Telangana Housing Board is set to auction over 7.5 acres of prime land located in the Kukatpally Housing Board (KPHB) colony on Wednesday, anticipating nearly 500 crore in revenue from the sale. The starting price has been set at 40 crore per acre, with the e-auction scheduled to begin at 3 PM. Alongside this, 618 unfinished 3BHK flats in high-rises of nine and twelve stories at Pocharam and Gajularamaram will also be auctioned this Wednesday. The board’s confidence in achieving close to 500 crore stems from previous e-auctions, where a single quarter of…