₹237 crore per acre land deal near Raidurg shatters records
A land parcel in the western part of the city was auctioned for a record ₹237 crore per acre, setting a new benchmark. The final bid exceeded the reserve price by 70.5%, attracting intense competition from national realty players. This transaction, valued at approximately ₹1,490.73 crore, highlights the growing interest in prime real estate in the area.
- ▪The land parcel measures 6.29 acres and is located near T-Hub and My Home Bhooja.
- ▪The auction was conducted through the MSTC platform, ensuring transparency.
- ▪The previous record for land sales was set in October 2025 at ₹133 crore per acre.
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| Original publisher | The Hindu — Top |
| Canonical URL | https://www.thehindu.com/news/national/telangana/237-crore-per-acre-land-deal-near-raidurg-shatters-records/article71034027.ece |
| Publication time | Fri, 29 May 2026 00:55:00 +0530 |
| Retrieval time | 2026-05-28T19:37:21.026Z |
| Last seen | 2026-05-28T19:37:21.026Z |
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A 6.29-acre land parcel bound on two sides by a road in the western part of the city was auctioned for ₹237 crore per acre on Thursday, creating a new benchmark.The final bid price of ₹237 crore was 70.5% higher than the reserve price of ₹139 crore per acre. The identity of the successful bidder is not yet known.The e-auction saw intense bidding from national realty players as the plot has 45-metre wide road on either side with T-Hub and My Home Bhooja in the vicinity. The plot of land has been developed by the Telangana Industrial Infrastructure Corporation Limited (TGIIC).The overall transaction value of the deal is about ₹1,490.73 crore with the bidder.The e-auction was conducted through the MSTC platform, ensuring a transparent and competitive digital bidding process, while realty…
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