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

Aryan_Patra · 2026-05-29T00:00:00.000Z

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.

Shashimathur

This is completely out of control now. Who is going to pay rent to cover 237 crores per acre? Some builder wins a bid and suddenly all the local owners in Gachibowli and Kondapur think their 2 BHK is worth 2 crores. I am trying to buy a decent flat for last 18 months and every time I save some downpayment the market jumps by 20 lakhs. If commercial is this high, residential will also touch sky. But salary is not increasing by 70% no?

Seka_chandra

Exactly bro, my broker was telling me yesterday that after this news came out, some local landlords in Narsingi have already hiked their rate by 1000 rupees per square feet. They don't even know what is commercial or residential, they just see 237 crore headline and increase price.

patelraunak

But you have to see the location also. It is next to Knowledge City and ITC Kohenur. Companies want to be exactly there only, not in Narsingi or Tellapur. Demand is there for grade A space.

Manjot18

Demand is okay but 237 cr is crazy. How will they exit? If market slows down even a little bit their whole math will collapse. Too much risky.

SaltTap

Insane numbers.

Avano86

People are complaining about bubble since 2020 when Kokapet was 40 crores, then it became 100 crores and now Raidurg is 237 crores. Hyderabad is growing like anything. The height restrictions are also relaxed now by AAI so they can build 40-50 floors easily. It's a premium spot, Gowra knows what they are doing. Glad I bought my flat in 2023 only, otherwise would have been stuck forever.