A 6.29-acre land parcel bound on two sides by a road in the western part of the city was auctioned for ₹237 crore per acre on Thursday, creating a new benchmark.
The final bid price of ₹237 crore was 70.5% higher than the reserve price of ₹139 crore per acre. The identity of the successful bidder is not yet known.
The e-auction saw intense bidding from national realty players as the plot has 45-metre wide road on either side with T-Hub and My Home Bhooja in the vicinity. The plot of land has been developed by the Telangana Industrial Infrastructure Corporation Limited (TGIIC).
The overall transaction value of the deal is about ₹1,490.73 crore with the bidder.
The e-auction was conducted through the MSTC platform, ensuring a transparent and competitive digital bidding process, while realty major JLL functioned as the transaction advisor.
With this deal, the eyes are now set for another 5.09 acre land parcel of TGIIC that is set to go under the hammer on June 1. The plot is U-Shaped in the neighbourhood of Sattva Knowledge City, ITC Kohenur and Durgam Cheruvu.
In October 2025, the TGIIC created a record when another 7.6 acre land parcel was sold for ₹133 crore per acre. While the 2025 land deal moved the euphoria away from the ₹100.75 crore per acre land in Kokapet Neopolis, Thursday’s successful auction is more than twice the amount.
Published - May 28, 2026 08:22 pm IST
Source: The Hindu - India News
