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A land auction in Hyderabad’s Osman Nagar has set a new benchmark, with bids reaching INR 51.25 crore per acre, well above the base price. Conducted by the Telangana Industrial Infrastructure Corporation, the sale of two land parcels generated around INR 768 crore, showing strong developer participation. The location’s connectivity to the Outer Ring Road and Financial District supported demand. The outcome highlights steady investor confidence in Hyderabad’s real estate market and indicates growing interest in emerging micro-markets beyond established prime locations.
Hyderabad’s Osman Nagar has recorded a new high in land pricing after a government-led auction saw bids reach INR 51.25 crore per acre. The auction was conducted by the Telangana Industrial Infrastructure Corporation (TGIIC) and involved two land parcels, generating a total revenue of around INR 768 crore. Advertisement
The highest bid was for a 10.09-acre parcel, which was sold at INR 51.25 crore per acre, about 30 percent higher than its base price of INR 39 crore per acre. Another parcel measuring 5.72 acres was sold at INR 44 crore per acre. The overall weighted average price from the auction stood at around INR 48.6 crore per acre, reflecting strong competition among bidders and clear price discovery.
Developers including Rajapushpa and Brigade Group emerged as key buyers. Rajapushpa acquired the larger parcel and is expected to align it with its existing township project in the area. The company indicated that the land would be used for a mixed-use development comprising a premium retail mall along with a gated residential project, adding scale to its current developments in the micro-market.
The strong response was largely supported by Osman Nagar’s location advantage. The area is close to the Outer Ring Road, Financial District, Neopolis and major IT corridors, making it suitable for both residential and commercial projects. The availability of flexible land use, allowing mixed-use developments, also contributed to higher participation from developers.
This auction is among the early large-scale land transactions in Osman Nagar, which has been gradually gaining attention as a growth corridor. The state government had earlier planned phased land monetisation in this area with an expected revenue target of around INR 3,000 crore to INR 3,500 crore, aimed at supporting infrastructure development and public spending.
Hyderabad has previously seen strong land pricing in established locations such as Raidurg and Neopolis, where values have reached higher levels. While Osman Nagar is still comparatively more affordable, the recent auction indicates that developer interest is expanding into nearby emerging locations with similar infrastructure advantages.
Officials noted that the outcome reflects continued confidence in the city’s real estate market, supported by infrastructure growth and transparent auction processes. The strong bidding is also likely to encourage more land auctions in the area going forward, as the government looks to monetise land parcels in a structured manner.
For more similar or related stories, you can check the links below.
https://propnewstime.com/getdetailsStories/Mjg2NjA=/tgiic-to-auction-prime-osman-nagar-land-parcels-on-april-23
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