Tag: Raidurg

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SBI Accepts Alternate Plots After Raidurg Land Dispute Resolution

Representative image HYDERABAD: The ongoing dispute between the Telangana government and the State Bank of India (SBI) over a prime five-acre parcel in Raidurg’s Knowledge City is nearing resolution, as the SBI board has approved the government’s offer of alternative land. This approval paves the way for the likely withdrawal of the pending case before the Telangana High Court, removing a significant obstacle related to one of the city’s most valuable land parcels. Government sources revealed that the SBI board approved the proposal during a meeting on June 30, and the official resolution should reach local bank officials in the…

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Hyderabad: Second Raidurg land parcel sold for ₹204 crore/acre

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) achieved a remarkable Rs 204 crore per acre for a 5.09-acre plot at Raidurg during Monday’s e-auction. Reports indicate that Vamsiram builders acquired the prestigious plot for a total of Rs 1,040 crore. Last week, another plot measuring 6.29 acres was sold in the same area for Rs 237 crore per acre. Collectively, the two parcels totaling 11.38 acres have generated an impressive revenue of Rs 2,529 crore for the government. During Monday’s auction, the government secured a significant 46.8% premium over the reserved price of Rs 139 crore.…

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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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TGIIC to Auction 11 Acres in Raidurg at ₹139 Crore/Acre

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) is preparing for a new land auction in Raidurg Panmaktha (Knowledge City), with a record upset price set at Rs 139 crore per acre. Officials estimate that the government could generate around Rs 2,000 crore from the sale of approximately 11 acres. TGIIC announced the auctions on Thursday. One plot, identified as survey no 83/1 and measuring 6.29 acres, will be auctioned on May 28, while another plot of 5.09 acres from the same survey number will be sold on June 1. In October 2025, a previous auction achieved…