Raidurg to see fresh land auctions with record upset price

Hyderabad: The Telangana State Industrial Infrastructure Corporation (TGIIC) is gearing up for another land auction in Raidurg Panmaktha (Knowledge City), with a record upset price of Rs 139 crore per acre. Officials told TOI the govt was expecting to pocket around Rs 2,000 crore by auctioning about 11 acres.TGIIC issued a notification for the auctions on Thursday. While one plot in survey no 83/1 measuring 6.29 acres will be auctioned on May 28, another 5.09-acre plot in the same survey number will be auctioned on June 1.Land auctions held here in Oct 2025 had fetched a record Rs 177 crore per acre with TGIIC getting Rs 3,135 crore. The upset price at the time was Rs 101 crore per acre. The second auction for one plot of less than one acre had seen an upset price of 3.10 lakh per sq yard and was sold for Rs 3.40 lakh per sq yard giving TGIIC another Rs 160 crore.There is huge demand for the Raidurg land as it is home to some of the largest global corporates. T-Hub and T-Works are also located in the area. Proximity to Outer Ring Road and the Rajiv Gandhi International Airport (RGIA) adds to its lure.The state govt owns about 470 acres of land in the Knowledge City and has sold about 200 acres in past auctions. Official sources said about 70 acres of land in Raidurg is caught up in legal cases.