1.77 Billion per Acre: Hyderabad Rewrites India’s Realty Map
Real Estate

1.77 Billion per Acre: Hyderabad Rewrites India’s Realty Map

The Telangana government, through the Telangana Industrial Infrastructure Corporation (TGIIC), has completed a record land auction in Hyderabad’s IT corridor. A 7.67-acre plot at Raidurg was sold for Rs 13.58 billion, equivalent to approximately Rs 1.77 billion per acre. The auction had a total of 12 bidders.

In a separate transaction, another 11-acre land in the same area was auctioned for Rs 15.56 billion, or about Rs 1.42 billion per acre. The auction attracted five qualified bidders, reflecting continued interest from large developers and institutional investors in Hyderabad’s commercial real estate market.

Together, the two auctions are expected to generate overall revenue of about Rs 31.35 billion for the state, including proceeds from stamp duty, registration fees, and related charges. The results mark one of the highest valuations ever recorded for government-owned land in Telangana.

Located within the city’s growing technology and business hub, Raidurg has rapidly evolved into a key destination for office, retail, and mixed-use development. The strong response to the auction highlights the area’s infrastructure advantage, strategic location, and high demand from the IT and services sectors.

The Telangana government, through the Telangana Industrial Infrastructure Corporation (TGIIC), has completed a record land auction in Hyderabad’s IT corridor. A 7.67-acre plot at Raidurg was sold for Rs 13.58 billion, equivalent to approximately Rs 1.77 billion per acre. The auction had a total of 12 bidders.In a separate transaction, another 11-acre land in the same area was auctioned for Rs 15.56 billion, or about Rs 1.42 billion per acre. The auction attracted five qualified bidders, reflecting continued interest from large developers and institutional investors in Hyderabad’s commercial real estate market.Together, the two auctions are expected to generate overall revenue of about Rs 31.35 billion for the state, including proceeds from stamp duty, registration fees, and related charges. The results mark one of the highest valuations ever recorded for government-owned land in Telangana.Located within the city’s growing technology and business hub, Raidurg has rapidly evolved into a key destination for office, retail, and mixed-use development. The strong response to the auction highlights the area’s infrastructure advantage, strategic location, and high demand from the IT and services sectors.

Next Story
Infrastructure Transport

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Next Story
Infrastructure Urban

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Next Story
Infrastructure Urban

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement