HYDERABAD: The state government has put two prime land parcels in Raidurg up for auction. Telangana Industrial Infrastructure Corporation (TGIIC) will conduct e-auctions on May 28 and June 1.

The parcels measure 6.29 acres and 5.09 acres. Developers are expected to show strong interest. The location in Raidurg adds value. The government has also allowed multi-use development.

6.29-acre parcel auction on May 28

The 6.29-acre plot lies in Survey No. 83/1. It covers 30,452.61 sq. yd. TGIIC will auction it on May 28.

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5.09-acre parcel auction on June 1

The 5.09-acre plot measures 24,672.28 sq. yd.

Both parcels allow multi-use development. Buyers can build residential, commercial, retail, and hospitality projects. They do not need reclassification approval.

Upset price set at ₹139 crore per acre

The government has fixed the upset price at ₹139 crore per acre. This is higher than the ₹101 crore benchmark from the October 2025 auctions.

Officials expect bids to reach ₹200 crore per acre. That would break the earlier record of ₹177 crore per acre.

Pre-bid meeting at T-Hub

TGIIC will hold a pre-bid meeting at T-Hub in Raidurg on May 18. The registration deadline is May 26. The EMD deadline is May 29. The EMD amount stands at ₹10 crore.

Strong land monetisation continues