Tag: Telangana government revenue

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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.…

IndustryLatest Stories

Hyderabad Land Auctions Fall Flat, Most Plots Remain Unsold

Representative AI Image HYDERABAD: The Telangana government is making efforts to increase revenue through land auctions, though the Hyderabad Metropolitan Development Authority (HMDA) encountered a tepid response for its recent offerings, with most plots remaining unsold. In Turkayamjal, only two bidders showed interest in the 12 available plots, indicating a lack of market enthusiasm. After a two-year pause, HMDA resumed land auctions, offering 93 open plots for bidding from September 17-19 across the city. This include 70 plots in Bachupally, 12 in Turkayamjal, and four each in Kokapet, Poppalguda, Chandanagar, and Bairagiguda in the Rangareddy district. An additional seven plots…