The two parcels of land together brought in ₹3,135 crore, giving the state a huge boost at a time when it is desperate for funds for rolling out its welfare schemes.
Published Oct 07, 2025 | 11:30 AM ⚊ Updated Oct 07, 2025 | 12:52 PM
The land parcels that were auctioned in Hyderabad.
Synopsis: In an auction, one acre of land in Raidurg’s Knowledge City fetched a record-breaking ₹177 crore per acre, the highest ever in Telangana’s history. Officials described the results as a turning point for Hyderabad’s real estate market.
Land prices in Hyderabad touched a new high. In a landmark auction held on Monday, 6 October, one acre of land in Raidurg’s Knowledge City fetched a record-breaking ₹177 crore per acre, the highest ever in Telangana’s history.
The auction, conducted by the Telangana State Industrial Infrastructure Corporation (TSIIC), involved two prime plots in the heart of Raidurg. The prices achieved have even surpassed those in Mumbai and Delhi.
Real estate experts attributed the price on account of buoyancy in the market, the charm Hyderabad holds for investments because of its strategic location in the country, less seismic vulnerability, pleasant weather and no possibility of cyclones as it is quite far away from the sea coast.
The auction took place at T-Hub, Raidurgam, between 3 pm and 6 pm on Monday, and witnessed intense bidding from both national and regional developers. The process was managed by JLL India as the transaction advisor and MSTC Limited, a Government of India enterprise, as the e-auction partner.
The plots are located in Survey No. 83/1 of the Knowledge City layout. They are multi-zone plots, allowing flexible development for commercial, residential, retail, hospitality, healthcare, and entertainment projects — no additional permissions are needed.
Parcel 1: 7.67 acres (37,153.67 sq. yards)
This plot was won by Hyderabad-based MSN Realty at ₹177 crore per acre, totalling ₹1,357.59 crore.
Twelve bidders competed fiercely, pushing the price 75 percent above the reserve price of ₹101 crore per acre set by HMDA.
The winning price equals ₹3.65 lakh per sq. yard or ₹40,556 per sq. ft., making it one of the most expensive pieces of real estate in the country.
Parcel 2: 11 acres (53,243.50 sq. yards)
This plot was acquired by the Prestige Group, headquartered in Bengaluru, for ₹141.50 crore per acre, amounting to ₹1,556.50 crore. Five bidders took part, driving the price well above expectations.
Pre-bid registrations closed on 1 October, following a preparatory meeting held on 10 September. The successful bidders must accept their letters of award within a week and make full payment within 90 days. The government had estimated revenue between ₹2,500 crore and ₹3,000 crore, but the final outcome exceeded even the highest projections.
Officials described the results as a turning point for Hyderabad’s real estate market. The city, once seen as an IT backwater, has now emerged as a global business hub with land values that rival the biggest metros.
K Shashanka, Vice-Chairman and Managing Director of TSIIC, called it “a proud moment for Telangana.” He said the record prices reflected the “strong confidence investors have in Hyderabad’s long-term potential.” He added that the auction “further strengthened Hyderabad’s position as one of India’s most attractive and competitive investment destinations.”
Tracing the rapid appreciation in land values, Shashanka noted that in 2017, land parcels in Raidurg fetched ₹42.59 crore per acre for 2.84 acres. In 2022, Neopolis, Kokapet, saw prices hit ₹100.75 crore per acre for 3.60 acres. Now, in 2025, the new benchmark of ₹177 crore per acre represents a fourfold increase in just eight years.
In a parallel auction, the Telangana Housing Board also recorded record-breaking sales. At an open auction for residential plots in Chintal, under Quthbullapur limits, land prices touched ₹1.14 lakh per square yard.
According to Housing Board Vice Chairman VP Gautam, an HIG open plot measuring 513 sq. yards was sold at ₹1.14 lakh per sq. yard, against an offset price of ₹80,000. Another plot measuring 389 sq. yards fetched ₹1 lakh per sq. yard, he said.
A total of 18 open plots and four flats were auctioned, earning around ₹44.24 crore in revenue for the Housing Board. Twenty-seven bidders participated, with an average price of ₹91,947 per sq. yard.
Official sources said that while such high prices are usually seen around Gachibowli, the fact that Chintal plots also crossed the ₹1 lakh mark shows the strong demand for residential land across all parts of Hyderabad.
(Edited by Muhammed Fazil.)
