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• Telangana State Industrial Infrastructure Corporation (TGIIC) has announced fresh land auctions for nearly 11 acres in Hyderabad’s Raidurg Knowledge City area.
• The upset price has been fixed at INR 139 crore per acre, with the government expecting revenue of nearly INR 2,000 crore from the auctions.
• The land parcels are located in one of Hyderabad’s most active commercial and IT corridors near HITEC City and Financial District.
• The auctions follow last year’s record land sales in Raidurg, where bids touched nearly INR 177 crore per acre.
• Developers are expected to show strong interest again due to increasing demand for mixed-use and commercial developments in the micro-market.
The Telangana State Industrial Infrastructure Corporation (TGIIC) has announced fresh auctions for premium land parcels in Hyderabad’s Raidurg Panmaktha area, continuing the state government’s push to monetise high-value land in the city’s fast-growing commercial corridor. The auctions involve nearly 11 acres of land in Knowledge City, with the upset price fixed at INR 139 crore per acre. Advertisement
According to the notification issued recently, a 6.29-acre parcel in Survey No. 83/1 will be auctioned on May 28, while another 5.09-acre plot in the same survey number will go under the hammer on June 1. The government is expected to generate close to INR 2,000 crore through the proposed sales.
The land parcels fall under multiple-use zoning regulations, allowing developers to build residential, commercial, retail and hospitality projects without requiring fresh land-use conversion approvals. This flexibility is expected to attract participation from large real estate developers, institutional investors and commercial property players looking to expand in Hyderabad’s western corridor.
Raidurg has emerged as one of the city’s most expensive and active real estate micro-markets over the last few years due to rapid infrastructure development and strong demand from technology companies. The location sits close to HITEC City, Financial District and Outer Ring Road, while also offering direct connectivity to Rajiv Gandhi International Airport. The area also houses several major technology campuses, innovation centres and office developments including T-Hub and T-Works.
The latest auctions come after TGIIC recorded historic land sale values in the same area during auctions conducted last year. A 7.67-acre parcel in Raidurg had attracted bids of nearly INR 177 crore per acre, setting a record for government land auctions in Hyderabad. Another nearby 11-acre plot fetched around INR 141.5 crore per acre. Together, the earlier auctions generated more than INR 3,135 crore for the state government through the sale of 18.67 acres.
Market experts believe the current auctions could witness aggressive bidding again due to limited availability of large land parcels in established commercial districts. Reports suggest that some developers expect the bidding values to cross INR 200 crore per acre if competition remains strong during the auction process.
TGIIC has also scheduled a pre-bid meeting at T-Hub on May 18 for interested participants. The earnest money deposit for participation has been fixed at INR 10 crore. Registration for the auction process is expected to close shortly before the scheduled bidding dates.
The Telangana government has been actively monetising land assets across Hyderabad over the last few years to strengthen revenues and support infrastructure investments. Reports indicate that the government owns nearly 470 acres in Knowledge City, out of which around 200 acres have already been monetised through earlier auctions. However, around 70 acres in Raidurg are currently involved in legal disputes.
Apart from Raidurg, the government recently auctioned land parcels in Osman Nagar near Tellapur, where bids reportedly crossed expectations and generated nearly INR 768 crore. Several established developers, including Brigade Group and Rajapushpa Realty, participated in those auctions, highlighting continued confidence in Hyderabad’s residential and commercial real estate market.
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