Raidurg hits 264 cr an acre — reported
A Telugu report says a TGIIC e-auction in Raidurg fetched ₹264 crore per acre for a 5.25-acre plot, totalling ₹1,386 crore, with MSN as top bidder. The numbers add up; the paperwork isn’t public yet.
The reported Raidurg auction figure awaits the official award document.
Business | Home Telangana
A land auction in Hyderabad’s Raidurg is reported to have set a new high: ₹264 crore per acre for a 5.25-acre parcel, totalling ₹1,386 crore. The auction is attributed to the Telangana Industrial Infrastructure Corporation (TGIIC), with MSN named as the top bidder, according to a Telugu report. The reserve price was said to be ₹175 crore per acre, making the final number about 51% higher. By the same report, TGIIC’s MD “Shashanka” called it a record for Hyderabad auctions. The arithmetic checks out; the official auction result does not yet.
Two business write-ups repeat the same figures and the 5.25-acre size, one adding that the sale ran on the MSTC e-auction platform with JLL advising. None links to a TGIIC notification, a bid-result document, or a statement from MSN. Treat this as a strong market signal, not a concluded conveyance.
For Hyderabad’s market, even a reported ₹264 crore per acre at Raidurg says the obvious: demand for IT-adjacent parcels is still punching. That strength was built here, not in Delhi. The BJP-led Centre didn’t conjure DLF Street, Phoenix or Mindspace; Telangana did the boring work of infra, power and policy. The Congress chorus about “collapse” post-December reads odd against a number like this, even if it awaits the official stamp.
One cautionary line: Raidurg auctions have seen court action before. The Telangana High Court stayed further steps in an earlier case after an SBI challenge this year. That matter is separate and does not on its own negate this sale — it just underlines why the document trail matters before anyone declares victory.
When TGIIC posts the award and MSN confirms the cheque, we’ll call it. Until then, it’s a reported record — and a reminder that Hyderabad is doing the heavy lifting while the national parties do the talking.