Raidurg Wins Rs.177cr Acre Bid, Sets Record
In a landmark auction for Hyderabad’s prime land, MSN Realty secured a 7.67-acre parcel in Raidurg at an astonishing ₹177 crore per acre, setting a new high for Telangana’s government land sales. The total transaction amount reached ₹1,357.59 crore, surpassing the previous record of ₹100.75 crore per acre established in 2022 at Neopolis, Kokapet. This dramatic surge underlines investor confidence in Hyderabad’s real estate potential and reinforces Raidurg’s role as the heart of the city’s Knowledge City initiative. The auction, conducted by the Telangana Industrial Infrastructure Corporation (TGIIC) with partners JLL India and MSTC, attracted top regional and national developers. Officials attributed the success to transparent policies, strong governance, and a favorable investment climate under the current Telangana administration. In a related move, the Telangana Housing Board also saw robust demand in Chintal, where open plots fetched up to ₹1.14 lakh per square yard—another sign of Hyderabad’s expanding property boom.
The Key points
- Record-setting price: ₹177 crore per acre for 7.67 acres in Raidurg.
- Total deal value: ₹1,357.59 crore in all.
- Previous benchmark broken: Surpassed Neopolis, Kokapet’s ₹100.75 crore/acre mark from 2022.
- Major bidder: MSN Realty won the plot.
- Auction partners: TGIIC led the sale with JLL India and MSTC as advisers.
- Investor confidence: Strong developer participation from national and local players.
- Policy boost: Seen as validation of Telangana’s pro-investment approach.
- Hyderabad value rise: Reflects steep growth in central land values.
- Supplemental sale: Telangana Housing Board sold Chintal plots at record rates.
- Emerging trend: Suburban and growth zone lands also gaining momentum.
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