Raidurg P1 clocks ₹264 cr/acre
TGIIC says its 5.25-acre Plot P1 at Raidurg drew ₹1,386 crore via MSTC — topping the earlier ₹237 cr/acre Raidurg mark. The record claim rides on one published report; the official result notice and bidder name aren’t public yet.
Raidurg Plot P1’s reported price has arrived before the result paperwork.
Telangana’s land machine just posted another headline number. According to a release reported on August 21, the Telangana Industrial Infrastructure Corporation (TGIIC) says Plot P1 at Raidurg — an indicative 5.25 acres — fetched ₹264 crore per acre on MSTC’s e-auction, or ₹1,386 crore in all. The reserve was ₹175 crore per acre. Arithmetic: ₹264 × 5.25 = ₹1,386.
That rate sits above the ₹237 crore per acre realised in a Raidurg sale reported earlier this year, pushing the city’s benchmark up another notch. Pre-auction materials had flagged the layout (Knowledge City, Serilingampally), survey number (83/1), multi-use, and that the final area would be confirmed by joint survey — which matters for what ultimately gets paid. JLL is named as transaction adviser.
What is not yet on the public record: the official auction-result notice, the successful bidder’s legal name, whether this is provisional or final, and how much cash has actually landed. TGIIC MD K. Shashanka framed the price as a vote of confidence in Telangana’s transparency and infrastructure — which, to be fair, is what markets tend to reward when they see it.
The numbers still need the paperwork. Telangana delivering land auctions that clear above reserve is the story; the BJP-led Centre and the Congress won’t like the signal it sends about investor preference — competence travels faster than slogans.