Raidurg auction sets record with ₹269 crore per acre

Raidurg beats its own record, sells at Rs 269cr an acre

Raidurg Knowledge City land auction: TGIIC sells 1 acre for Rs 269 crore; 10.63 acres fetch Rs 2,833 crore, a 52% premium over the reserve price.

Raidurg land auction breaks record, fetches Rs 269 cr per acre

Hyderabad: In just one week, Telangana Industrial Infrastructure Corporation (TGIIC) achieved another landmark in its Raidurg auction, with the 5.38-acre plot auction generating Rs 1,447.22 crore at Rs 269 crore per acre. On August 21, the previous such auction fetched Rs 264 crore per acre, generating Rs 1,386 crore in revenue. Twenty-five per cent of the auction value from this has already been received as the first-stage payment, a release fr…

Raidurg auction sets record with ₹269 crore per acre

Raidurg auction sets record with ₹269 crore per acre, raising ₹2,833.22 crore from two plots, highlighting strong investor demand.

TGIIC strikes gold again, sells land at whopping Rs 269 cr/acre

5.38-acre Plot P2 in Raidurg fetches Rs 1,447.22 crore It represents nearly 52.3% premium over reserve priceLast week, TGIIC sold land in e-auction at Rs 264 cr per acre

TGIIC Raidurg auction delivers Rs 2,833.22 crore in two land sales

The latest transaction involved Plot P2, measuring 5.38 acres, which was auctioned at ₹269 crore per acre, resulting in total proceeds of approximately Rs 1,447.22 crore.