A government land parcel in Hyderabad’s Raidurg is sold for a record Rs 264 crore per acre. The auction covers a 5.25-acre plot, which MSN Realty buys for Rs 1,386 crore, breaking the previous highest rate recorded at the same site.
The Telangana State Industrial Infrastructure Corporation conducts the successful e-auction, according to reports. Both outlets say the new figure surpasses an earlier top bid of about Rs 237 crore per acre at Raidurg. While the focus of the coverage is largely on the record price achieved, they also frame it as an indicator of demand for land in the area, described in one report in the context of Knowledge City.
Across sources, the deal terms and the previous benchmark are consistent: the parcel size, the winning bidder, the total price, and the per-acre record rate.
