Overview

• TGIIC’s 7.67-acre parcel at Raidurg drew a top bid of Rs 177 crore per acre, totaling Rs 1,357.59 crore in proceeds.
• The adjacent 11-acre plot secured a winning price of Rs 141.5 crore per acre for Rs 1,556.5 crore, with five bidders participating.
• Combined auction proceeds reach roughly Rs 2,914 crore, with the government estimating total receipts of about Rs 3,135 crore after duties and fees.
• JLL India and MSTC managed the auction as exclusive advisers, and officials said leading national and regional developers participated.
• The new benchmark eclipses the 2022 HMDA Kokapet high of Rs 100.75 crore per acre, extending a rise from about Rs 42.59 crore per acre in 2017.