Five bidders participated in this landmark sale. (Image: Representative/Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Telangana government, through the Telangana State Industrial Infrastructure Corporation (TGIIC), made history on Oct. 6 by concluding a blockbuster land auction in Raidurg, Hyderabad Knowledge City, garnering an unprecedented Rs 3,135 crore from two prime parcels.

The total proceeds have shattered all previous land value records in the region, marking one of India's costliest land deals. The second and larger parcel, an 11-acre plot, concluded the day by fetching a staggering Rs 1,556.5 crore at a rate of Rs 141.5 crore per acre.

Five bidders participated in this landmark sale. Earlier in the day, the first parcel, a 7.67 acre plot, set an

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