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Hyderabad’s Raidurg Panmaktha, now part of the Knowledge City corridor, has emerged as a major revenue generator for Telangana, with government land auctions bringing more than INR 10,000 crore into the state exchequer over the past two decades. Nearly INR 8,000 crore has been realised in the last two-and-a-half years as demand for premium land accelerated. The latest auction of a 5.25-acre plot fetched INR 1,386 crore, or INR 264 crore per acre, setting a new benchmark. The surge reflects strong investor demand for strategically located land along Hyderabad’s western IT corridor.
Hyderabad’s Raidurg Panmaktha tract has emerged as one of Telangana’s most valuable government land assets, generating more than INR 10,000 crore for the state exchequer over the past two decades through a series of land auctions. The pace of revenue generation has accelerated considerably in recent years, driven by rising demand for premium land in the city’s western IT and commercial corridor.
The 420-acre tract, now widely associated with Hyderabad’s Knowledge City, has seen particularly strong activity over the last two-and-a-half years. Nearly INR 8,000 crore has been realised by the government during this period, reflecting the sharp increase in land values as the surrounding western corridor developed into a major business and technology destination.
The latest auction underlined the strength of this demand. A 5.25-acre multi-use plot offered by the Telangana Industrial Infrastructure Corporation (TGIIC) was sold for INR 1,386 crore, translating into a record INR 264 crore per acre. The winning bid was around 50.9 per cent above the reserve price of INR 175 crore per acre.
The transaction also surpassed the previous Raidurg benchmark of INR 237 crore per acre, recorded in May 2026 for a 6.29-acre parcel. That auction generated nearly INR 1,491 crore. Another transaction in June fetched INR 204 crore per acre, indicating how quickly price discovery has moved upwards in the corridor.
Official data cited in reports show that TGIIC earned nearly INR 7,000 crore between January 2024 and 2026 by auctioning around 40 acres in the Knowledge City area. The average realisation during this period reached about INR 179 crore per acre, a substantial increase from earlier auction cycles. Between 2007 and 2014, the average rate was around INR 19.5 crore per acre, while the 2014-2023 period recorded an average of INR 22.9 crore per acre.
The sharp escalation has been closely linked to the transformation of Hyderabad’s western corridor. Raidurg’s proximity to major IT and commercial clusters, established corporate occupiers and high-value development zones has strengthened its appeal among investors and developers seeking strategically located parcels.
The government has also attributed the strong auction outcomes to competitive bidding and measures designed to maintain transparency in the process. TGIIC has introduced safeguards intended to prevent bidders from forming syndicates or influencing the auction process.
The revenue trend could receive another boost shortly. TGIIC is scheduled to auction another parcel measuring about five acres in the same Survey No. 83/1 on August 28. The upcoming sale will provide another indication of whether the elevated price levels established by recent transactions can be sustained.
For Telangana, the Raidurg auctions demonstrate how strategic land monetisation can become a significant source of non-tax revenue while capitalising on Hyderabad’s expanding commercial ecosystem. For the real estate market, however, the successive price records also underline the extraordinary premium investors are placing on scarce land in the city’s established western growth corridor.
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