Raidurg land fetches ₹177 crore per acre, boosts HMDA morale
HYDERABAD: A record breaking land auction in Raidurg, where an acre fetched ₹177 crore, has renewed optimism within the Hyderabad Metropolitan Development Authority (HMDA). The Telangana Industrial Infrastructure Corporation (TSIIC) recently conducted the e-auction that set this benchmark, signalling a buoyant real estate market in Hyderabad’s western corridor.
HMDA eyes new layout sales
HMDA holds several high-value land parcels across Rangareddy, Medchal–Malkajgiri, and Medak districts. Encouraged by the Raidurg auction, officials are preparing to auction leftover plots in existing layouts through phased e-auctions. Officials said the authority will soon revise the base price per square yard, depending on prevailing local market rates.
Although online auctions held earlier drew poor response—mainly because upset prices were set nearly three times higher than market valueofficials now believe investor confidence has returned.
Real estate activity picks up
The number of applications for building and layout permissions has been rising steadily, pushing HMDA’s annual revenue beyond ₹700 crore this year. Officials expect continued demand for plots near Outer Ring Road and IT hubs, with several layouts already under development in these zones.
A senior HMDA official said, “The recent Raidurg auction has restored confidence in the market and assures us that demand remains strong.”
Prime land holdings
| Location | Survey No. | Area (sq yd) |
|---|---|---|
| Bairagiguda | 57 | 2,420 |
| Kokapet | 144 | 8,591 |
| Chandanagar | 174 | 484 |
| Puppalaguda | 146 | 1,400 |
| Bachupally | 363 | 2,299 |
| Bowrampet | 694 | 2,420 |
| Bowrampet | 130 | 530 |
| Bowrampet | 130 | 1,500 |
| Bowrampet | 130 | 666 |
| Chengicherla | 33/1 | 1,210 |
| Suraram | 166, 167 | 4,840 |
Officials say these holdings will be developed or auctioned in phases, depending on demand and urban growth patterns.
Market sentiment remains strong
Analysts say the ₹177 crore per acre deal confirms that Hyderabad’s property market remains resilient despite national slowdowns. “This outcome proves there is no threat to the city’s real estate stability,” said a senior realtor.
