Hyderabad, May 28 -- The most-awaited Raidurg e-auction of plots has fetched an exceptional price of approximately Rs 237 crore per acre on Thursday, May 28.

The auction marked a substantial 70.5 percent surge above the reserve price of Rs 139 crore per acre, setting a new all-time record in the auction of plots in the thriving Raidurg growth corridor.

The spectacular outcome was achieved for Plot No 1A and 1/F, a prime 6.29-acre multi-use land parcel located in Raidurg.

The auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC) witnessed extraordinary participation and intense competitive bidding from leading national developers, culminating in a staggering overall transaction value of nearly Rs 1,490.73 cror...