1 week ago
Raidurg Land Auction Sets Record at ₹264 Crore Per Acre
The Telangana government auctioned a large piece of land in Raidurg, Hyderabad.
The plot measured 5.25 acres.
MSN Realty offered the highest amount and won the entire plot.
It paid ₹1,386 crore in total.
That equals ₹264 crore for every acre.
The starting price had been ₹175 crore per acre.
The price was higher than the earlier record of ₹237 crore per acre in May 2026.
Officials said the result showed strong developer interest in Hyderabad and Telangana.
TGIIC auctioned a 5.25-acre multi-use plot in Raidurg for ₹1,386 crore.
MSN Realty, the real estate arm of MSN Group, was the highest bidder.
The final price of ₹264 crore per acre was 50.9% above the ₹175-crore reserve price.
The auction surpassed TGIIC’s previous Raidurg record of ₹237 crore per acre set in May 2026.
The e-auction was conducted on MSTC, with JLL as exclusive transaction advisor.
- Who
- The Telangana Industrial Infrastructure Corporation conducted the auction, and MSN Realty was the highest bidder.
- What
- A 5.25-acre multi-use plot, Plot No. P1 in Survey Number 83/1, was sold for ₹1,386 crore, or ₹264 crore per acre.
- Where
- Raidurg, Panmaktha, Hyderabad, Telangana.
- When
- The latest auction took place in August 2026, following a ₹237-crore-per-acre auction in May 2026.
- Why
- The auction formed part of Telangana’s strategic land monetization and infrastructure-development efforts, while strong demand drove the record price.
Key facts
- Winning bidder
- MSN Realty, the real estate arm of MSN Group
- Total sale value
- ₹1,386 crore
- Plot size
- 5.25 acres
- Final rate
- ₹264 crore per acre
- Reserve rate
- ₹175 crore per acre
- Premium
- 50.9% above the reserve price
- Previous record
- ₹237 crore per acre in May 2026
- Auction process
- MSTC e-auction, with JLL as exclusive transaction advisor
Quotes
K. Shashanka
Vice Chairman and Managing Director of the Telangana Industrial Infrastructure Corporation
“The successful outcome of the Plot P1 auction speaks volumes about the confidence and conviction that the developer community places in Telangana’s future. What we are witnessing is not just strong pricing but a clear endorsement of the state’s development philosophy—one rooted in transparency, infrastructure excellence, and the creation of genuine value for all stakeholders.”
thehansindia.com
“We thank Shri A. Revanth Reddy, Hon'ble Chief Minister, and Shri D. Sridhar Babu, Hon'ble Minister for Industries & Commerce, Government of Telangana, for their visionary leadership in creating a transparent, business-enabling environment.”
thehansindia.com
Sources
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