SOURCE :- SIASAT NEWS
Hyderabad: On May 28, the most-awaited Raidurg e-auction of plots sold for an incredible rate of about Rs 237 million per acre.
A significant 70.5 percent increase over the reserve price of Rs 139 billion per acre was witnessed at the bid, setting a fresh all-time record for the sale of storylines in the vibrant Raidurg growth corridor.
Plot Nos 1A and 1F, a perfect 6.29-acre multi-use land parcel in Raidurg, were the result of a spectacular outcome.
The Telangana Industrial Infrastructure Corporation ( TGIIC ) conducted an extraordinary auction that resulted in nearly Rs 1, 490,73 crore in extraordinary participation and fierce bidding from leading national developers.
The most recent auction has surpassed the 2025 bid, which saw the sale of perfect land for Rs 177 billion per acre.
The MSTC’s e-Auction portal, a federal government-owned organization, provided a clear, strong, and fiercely competitive electronic bidding process. A leading global provider of commercial real estate services and investment management, Jones Lang LaSalle Incorporated ( JLL), served as the transactional advisor for the landmark transaction.
The amazing trust that investors and developers have in Hyderabad and Telangana is reflected in the extraordinary reaction to the Raidurg e-auction. The discovery of this prestigious multi-use area parcel’s ancient discovery of Rs 237 million per acre is a defining time in the country’s growth trajectory and demonstrates the incredible strength of Telangana’s investment ecosystem, according to K Shashanka, Vice Chairman and Managing Director of TGIIC.
He claimed that the ground-breaking success strengthened Hyderabad’s position as one of the most popular international locations for investment, facilities, and large-scale development.
SOURCE : SIASAT
