HYDERABAD: In one of its biggest land monetisation drives in recent years, the Telangana government has put two prime multi-use land parcels in the prestigious Knowledge City layout at Raidurg Panmaktha, Serilingampally, up for e-auction with an upset price of Rs 175 crore per acre.
The auctions, scheduled for August 17 and 21, are expected to attract major real estate developers and institutional investors, with the state government hoping to mobilise Rs 2,000–2,500 crore.
The Telangana Industrial Infrastructure Corporation (TGIIC) will auction the two adjoining plots, measuring 5.25 acres (Plot P1) and 5.38 acres (Plot P2), together spanning 10.63 acres in Survey No. 83/1, through MSTC Ltd. The minimum bid increment has been fixed at Rs 1 crore per acre, while the earnest money deposit (EMD) is Rs 10 crore per plot. A pre-bid meeting will be held at T-Hub, Raidurg, on August 11.
The land parcels are located in Hyderabad’s fast-growing Knowledge City, which has emerged as a major commercial hub alongside HITEC City, Madhapur, Gachibowli, Kokapet, Financial District and Nanakramguda.
The auction follows the record sale of a 6.29-acre government land parcel in Raidurg in May this year, which fetched Rs 237 crore per acre — the highest price realised for government land in Telangana. Officials expect the upcoming auctions to generate intense competition and potentially surpass that benchmark, citing sustained demand for premium commercial land in the area.
According to TGIIC, the plots are free from litigation and encumbrances, have unlimited floor space index (FSI), fall under a multi-use zone and are ready for immediate construction. The corporation said the properties offer excellent road connectivity and will receive time-bound approvals through the state’s single-window clearance system.
The government views the auction as a significant revenue-generating exercise while reinforcing Hyderabad’s position as a preferred destination for technology companies, institutional investors and large-scale real estate development.