Tag: Telangana State Industrial Infrastructure Corporation

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Telangana: TGIIC to Auction Osman Nagar Land on April 23

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) is set to auction land in Osman Nagar on April 23. The auction will feature only two parcels of land: a 10-acre site and a 5.72-acre plot, as opposed to the initially planned six parcels. Originally, the auctions were scheduled for March 10, 13, and 16 in Osman Nagar, encompassing 48 acres. However, TGIIC postponed the auction due to various factors, including confusion regarding the utilization of transferable development rights (TDR), assembly budget sessions, and uncertainties in the real estate market. The state government has set the upset price…

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Hyderabad: ORR’s Challenged Industries Can Alter Land Use

Representative AI image HYDERABAD: The state government has rolled out the Hyderabad Industrial Lands Transformation Policy (HILTP) 2025, allowing industries within the Outer Ring Road (ORR) that are no longer economically viable due to outdated technologies to shift land use for residential and commercial purposes, upon payment of a fee. This change aims to generate revenue for the government. The cabinet approved this policy on November 17. Officials noted that this policy will affect approximately 10,000 acres in industrial estates, parks, and auto nagars managed by the Telangana State Industrial Infrastructure Corporation (TGIIC) and related authorities, as well as standalone…

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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…