The Telangana government has sold less than an acre of land in Raidurg, within Hyderabad’s Knowledge City precinct, for Rs 1.60 billion, marking a new peak in land prices in the state and reinforcing the city’s standing at the centre of India’s commercial real estate surge.Hyderabad-based Vamsiram Builders acquired the 0.97-acre plot for Rs 1.72 billion including stamp duty and registration charges. The land parcel will be developed into a premium mixed-use project.The sale is part of Telangana’s continued effort to monetise high-value government land in the city’s western growth corridor. The auction was conducted by the Telangana Industrial Infrastructure Corporation (TGIIC).Premium demand drives prices higherHyderabad has witnessed a series of big-ticket land deals in recent weeks. In October, Bengaluru’s Prestige Group purchased an 11-acre plot via a TGIIC auction for Rs 15.56 billion, while MSN Labs bought 7.76 acres in Raidurg at Rs 17.77 billion per acre.Monday’s auction was conducted on a per-square-yard model, achieving a record Rs 3.40 lakh per square yard (Rs 3.4 million per 100 sq yards). By comparison, a similar auction in 2017 fetched Rs 88,000 per square yard, reflecting a four-fold rise in prime land values over eight years. One acre equals 4,840 square yards.K. Shashanka, vice-chairman and managing director of TGIIC, said the sustained high performance of premium land auctions demonstrates the depth and maturity of Hyderabad’s economic growth. Developers, he noted, are willing to pay a premium to secure prime assets in the city’s most lucrative business corridor.Sandip Patnaik, senior managing director for Hyderabad at JLL India, added that the auction’s outcome validates strong investor appetite for premium, smaller-format plots suited for boutique commercial developments. The price realisation, he said, reinforces Hyderabad’s position as a top-tier investment destination and an emerging global business hub.