TGIIC auctions land in Raidurg for record Rs 3.4 lakh per sq yard
The one-acre plot in Raidurg, a hub for IT and commercial activity, drew intense competition due to its strategic location and potential for mixed-use development.
By Newsmeter Network
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Hyderabad: The Telangana Industrial Infrastructure Corporation (TGIIC) has auctioned a boutique-sized land parcel in Hyderabad’s Knowledge City at an unprecedented Rs 3,40,000 per square yard.
Prime location sparks developer interest
The one-acre plot in Raidurg, a hub for IT and commercial activity, drew intense competition due to its strategic location and potential for mixed-use development.
The price smashed the previous record of Rs 88,000 per square yard set in 2017, signalling a dramatic rise in premium property valuations in Hyderabad’s core business district.
Developers bet big on Hyderabad’s growth
TGIIC Vice Chairman and Managing Director K Shashanka said the overwhelming response reflects the strong confidence developers have in Hyderabad’s growth trajectory.
"The high demand for boutique mixed-use lots highlights the maturity of the city’s economic expansion. Developers are willing to invest at a premium to secure prime assets in one of India’s fastest-growing business corridors," he noted.
Government policies drive investment confidence
Officials credited the successful auction to the Telangana government’s pro-development approach. The ‘transformative vision’ of Chief Minister A Revanth Reddy and Industries Minister D Sridhar Babu has fostered a transparent, investor-friendly environment, attracting significant capital inflows into the state.
Hyderabad emerges as top investment hub
The Raidurg deal underscores Hyderabad’s status as a leading destination for IT and commercial real estate investment. Limited availability of high-quality land parcels continues to generate exceptional value, reinforcing the city’s position as one of India’s most sought-after business and investment centres, real estate experts said.
