Hyderabad’s Raidurg land fetches record Rs 264 crore per acre

A land parcel in Hyderabad’s Raidurg has fetched a record Rs 264 crore per acre, setting a new high for land prices in the area.

The 5.25-acre parcel was sold for Rs 1,386 crore to MSN Realty in an e-auction conducted by the Telangana State Industrial Infrastructure Corporation (TGIIC) on Friday, August 21.

The parcel is located in Knowledge City, one of Hyderabad’s prominent real estate corridors.

The reserve price for the auction was Rs 175 crore per acre, meaning the final bid represented a 50.9 per cent premium over the reserve price.

“Given the controversy over the land parcel being covered in heritage rocks, there was concern about the response to the auction. But the result has been overwhelming,” an official said.

The previous highest bid at the same Raidurg site was Rs 237 crore per acre, recorded in May 2026 when TGIIC auctioned a 6.29-acre parcel.

That sale was followed by another transaction at Rs 204 crore per acre in June.

TGIIC vice-chairman and managing director K Shashanka said the latest auction “underscore[s] the sustained intensity of investor demand for the corridor’s premium plots”.

He added that the auction further positions Raidurg “as one of India’s most dynamic real estate markets”.

The Times of India reported that TGIIC will conduct another auction for a land parcel measuring approximately five acres in the same Survey No. 83/1 on August 28, 2026.