Raidurg Land goes for ₹237 crore/acre in TGIIC e-auction

The numbers coming out from the Raidurg TGIIC e-auction is absolutely insane if you look at the growth trajectory. Plot 1A and 1/F totaling 6.29 acres went for ₹237 crore per acre against a reserve price of ₹139 crore. That is a massive 70.5% premium, bringing the total transaction value to nearly ₹1,490.73 crore for just one single land parcel.

If you compare this with the previous benchmark from October 2025, the highest bid back then was ₹177 crore per acre for a similar plot in Raidurg, which itself was considered a peak because it was 34% over its ₹101 crore upset price. Now within less than a year, it jumped by another ₹60 crore per acre. Gowra Ventures apparently won this one for a massive IT tower and mixed development project, but recovering that ₹1,490 crore land asset cost through commercial rent or residential carpet area sales seems like a huge stretch.

With the next 5.09 acre plot going under the hammer on June 1st next week, it will be interesting to see if the market sustains this momentum or if the infrastructure lag, especially the daily traffic bottlenecks near T-Hub and constant reliance on water tankers finally forces a correction. The math just looks very tight for any sort of reasonable appreciation from here on.