TGIIC auction fetches ₹264 crore per acre in Raidurg

TGIIC auction fetches ₹264 crore per acre in Raidurg Updated – August 21, 2026 09: 24 pm IST – HYDERABAD.

Key points

• 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.
• When land was sold at ₹237 crore per acre, the auction additionally marks an rise from TGIIC's previous Raidurg auction in May 2026.
• The TGIIC achieved a solid outcome through its e-auction of Plot No.
• The auction was conducted through the MSTC e-Auction platform, with JLL acting as the transaction advisor.
• Shashanka, remarked the auction result reflects the confidence of the developer community in Telangana's development aims.

Notably, the TGIIC achieved a solid 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 cost of ₹175 crore per acre – a 50.9% premium over the reserve rate.

When land was sold at ₹237 crore per acre, the auction additionally marks an rise from TGIIC's previous Raidurg auction in May 2026. The latest transaction has taken the cost to ₹264 crore per acre.

For context, the auction was conducted through the MSTC e-Auction platform, with JLL acting as the transaction advisor. The process saw participation from developers seeking land along Hyderabad's business and infrastructure corridors.

Vice Chairman and Managing Director of TGIIC, K. Shashanka, remarked the auction result reflects the confidence of the developer community in Telangana's development aims. He remarked the participation and competition during the process demonstrated market interest in Hyderabad as a business destination.

Taken together, the developments around TGIIC auction fetches ₹264 crore per acre in Raidurg point to a situation that is still moving, and the coming days should bring more clarity.