Telangana Eyes ₹2,000+ Crore Revenue as Raidurg Land Parcels Set for October Auction

The Telangana government has announced plans to auction two prime land parcels in Raidurg Knowledge City, totaling 18.67 acres, with ambitious revenue expectations exceeding ₹2,000 crore. The auction, scheduled for October 6, represents the state's strategic move to monetize premium real estate assets in Hyderabad's thriving IT corridor.

Government Sets Ambitious Base Price at ₹101 Crore Per Acre

According to official sources, the state has set the upset price at ₹101 crore per acre for the two land parcels measuring 11 acres and 7.67 acres respectively. However, government officials expressed confidence that the final auction prices could reach between ₹130 crore to ₹150 crore per acre, significantly exceeding the base price. This optimistic projection stems from the strategic location and multi-use development potential of the land.

Strategic Location Offers Multiple Development Advantages

The land parcels are situated in Raidurg Knowledge City, which currently accommodates over 100 companies across approximately 470 acres dedicated to business and IT operations. The location benefits from excellent connectivity, including proximity to major metro links, the Outer Ring Road, and Hyderabad airport. Officials highlighted that the land is earmarked for comprehensive multi-use development encompassing commercial, residential, recreational, hospitality, and entertainment facilities without requiring additional land-use change approvals.

Stringent Payment Terms for Successful Bidders

The government has established strict timelines for successful bidders. Winners must accept the letter of award within one week of notification and complete full payment within 90 days of the auction. These terms reflect the state's commitment to ensuring swift transaction completion and revenue realization.

Market Context Shows Strong Real Estate Performance

Industry experts noted that the last comparable major land deal in Telangana occurred two years ago when one acre in Neopolis Phase II, Kokapet was sold for ₹100.75 crore. The current Raidurg auction is being viewed as a crucial test of real estate demand in Hyderabad's western corridor, which has experienced some market softening recently. The government's decision to conduct the auction during the October-December period aligns with traditionally favorable conditions for real estate investment.

IT Hub Status Drives Investment Interest

Real estate analysts suggested that the presence of numerous established companies in the Knowledge City enhances the investment appeal of these parcels. The area's status as a proven IT and business hub, combined with its infrastructure advantages, positions it as an attractive proposition for developers and investors seeking premium real estate opportunities in Hyderabad.

The auction represents a significant opportunity for both the state government to boost its revenue and for private developers to acquire prime real estate in one of Hyderabad's most sought-after business districts. With the multi-use development permissions already in place, successful bidders can proceed with their projects without bureaucratic delays related to land-use approvals.

Disclaimer: This news article is based on available information at the time of publication. Readers are advised to verify auction details and terms directly with official government sources before making any investment decisions. The actual auction results may vary from government expectations.