Synopsis : In an auction, one acre of land in Raidurg’s Knowledge City fetched a record-breaking ₹177 crore per acre, the highest ever in Telangana’s history. Officials described the results as a turning point for Hyderabad’s real estate market.
Land prices in Hyderabad touched a new high. In a landmark auction held on Monday, 6 October, one acre of land in Raidurg’s Knowledge City fetched a record-breaking ₹177 crore per acre, the highest ever in Telangana’s history.
The auction, conducted by the Telangana State Industrial Infrastructure Corporation (TSIIC), involved two prime plots in the heart of Raidurg. The prices achieved have even surpassed those in Mumbai and Delhi.
Real estate experts attributed the price on account of buoyancy in the market, the charm Hyderabad holds for inve