The Telangana State Industrial Infrastructure Corporation (TGIIC) auctioned land in Raidurg at a record price of ₹264 crore per acre, according to a report by The Hindu.
The auction marks one of the highest per-acre valuations for industrial land in the Hyderabad region. Raidurg, located in the western part of the city, has emerged as a prime commercial and technology corridor, hosting major IT parks, financial institutions, and infrastructure projects.
TGIIC, the state government’s nodal agency for industrial infrastructure development, conducts periodic land allotments through transparent bidding processes. The latest auction underscores sustained demand for strategically located land parcels in Hyderabad’s growth corridors, despite broader economic headwinds.
Details on the total acreage auctioned, the number of bidders, and the identities of successful applicants were not immediately disclosed in the initial report.
Analysis: The ₹264 crore per acre price reflects the premium commanded by well-connected land in Hyderabad’s knowledge-economy zones. Raidurg’s proximity to the Outer Ring Road, Metro connectivity, and concentration of technology campuses have driven valuations upward over the past decade. For the state government, such auctions represent a significant non-tax revenue stream while also signaling investor confidence in Telangana’s industrial policy framework.
Sources
– The Hindu: https://www.thehindu.com/news/national/telangana/tgiic-auction-fetches-264-crore-per-acre/article71374509.ece
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Story synopsis gathered from: The Hindu – National — source
