Osman Nagar Land Auction in Hyderabad Sells for ₹51 Crore/Acre
Representative Image HYDERABAD: Osman Nagar near Tellapur has become Hyderabad’s latest real estate hotspot, with the first land auctions in the area yielding impressive bids. An acre of land sold for Rs 51.25 crore, which is nearly 30% above the reserve price of Rs 39 crore. The Telangana Industrial Infrastructure Corporation (TGIIC) generated Rs 768 crore from the auction of two prime land parcels, indicating a strong demand for strategically located urban land. Leading developer Rajapushpa acquired a 10.09-acre parcel for Rs 51.25 crore per acre, while Brigade Group bought another 5.72-acre parcel at Rs 44 crore per acre. TGIIC…