Blown away! What exactly justifies ₹177 crore/acre as the cost of land in Raidurg?:

Hyderabad land prices have going wild over the last few years, but 177 crore per acre damn

For context , As per multiple posts on X and Insta, MSN snapped up a plot in the Raidurg at a jaw-dropping ₹177 crore per acre. Let that sink in.

Which means surpassing the ₹100.75 cr/acre price bid by Rajapushpa for Neopolis which itself was a history created

What I don't understand is the reason behind it either it is an exceptional land parcel(which I would love to know the reason behind), or a new bubble popping.

Nearby plot was taken by pharma giant ART group.

What do you all think?

• Are these numbers meant to increase already high real estate price?

• Will this also trigger a price hike ripple through adjacent zones

Also most imp, I believe this is just crazy

What happens to housing affordability if ₹177 cr/acre becomes the new benchmark?

Some people are saying it reflects

•⁠ ⁠The strength of the IT & commercial real estate market

•⁠ ⁠Investor confidence at a national level

Would love to hear you opinion on this?

But for sure, this auction is going to have aftershocks.