TGIIC auction fetches ₹264 crore per acre in Raidurg

Underscoring Hyderabad’s emergence as one of India’s most dynamic real estate markets, plots auctioned by the Telangana Industrial Infrastructure Corporation (TGIIC) were sold at ₹264 crore per acre.The TGIIC achieved a strong outcome through its e-auction of Plot No. P1 in Raidurg, generating ₹1,386 crore from 5.25 acres of prime multi-use land. Plot No. P1 (5.25 acres) was auctioned against a reserve price of ₹175 crore per acre - a 50.9% premium over the reserve price.The auction also marks an increase from TGIIC’s previous Raidurg auction in May 2026, when land was sold at ₹237 crore per acre. The latest transaction has taken the price to ₹264 crore per acre.The auction was conducted through the MSTC e-Auction platform, with JLL acting as the transaction advisor. The process saw partic