The Telangana Industrial Infrastructure Corporation (TGIIC) land auction at Raidurg in Hyderabad Knowledge City fetched a record Rs 177 crore per acre, generating Rs 1,357.59 crore in total. The bid surpassed the previous benchmark set at Neopolis, Kokapet

Hyderabad: The Telangana Industrial Infrastructure Corporation (TGIIC) auction of 7.67 acres of land at Raidurg in Hyderabad Knowledge City fetched a record-breaking bid of Rs 177 crore per acre.

The land auction brought a total of Rs 1,357.59 crore to the TGIIC. This bid surpassed the earlier Neopolis, Kokapet benchmark of Rs 100.75 crore per acre for 3.60 acres achieved in auctions conducted by the Hyderabad Metropolitan Development Authority (HMDA).

Interestingly, the auction was conducted for two plots, plot no. 19 covering 11

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