Overview
- TGIIC raised ₹1,447.22 crore by selling a 5.38‑acre plot at Raidurg at a rate of ₹269 crore per acre.
- A week earlier TGIIC sold a 5.25‑acre plot for ₹1,386 crore, and the corporation has received 25% of that amount as the first‑stage payment.
- The two auctions together brought in ₹2,833.22 crore from 10.63 acres, an average realisation of about ₹266.53 crore per acre and a roughly 52.3% premium over reserve prices.
- Both sales were run on the MSTC e‑auction platform with JLL as the transaction adviser, and media reports identify Vamsiram Builders as the buyer of the 5.38‑acre parcel.
- TGIIC and state officials say the results show strong investor confidence in Hyderabad and should boost non‑tax revenue for Telangana as the government seeks to unlock value from public land.