Hyderabad, Aug. 28 -- Telangana Government's strategic land monetisation programme has received a major boost with two e-auctions at Raidurg generating Rs 2,833.22 crore, underscoring strong investor appetite for premium commercial real estate in Hyderabad.
The two plots, spread over 10.63 acres, together fetched an average realisation of around Rs 266.53 crore per acre, with both auctions recording prices above Rs 260 crore per acre within a span of one week, Telangana Industrial Infrastructure Corporation (TGIIC) said in a release here on Friday.
In the latest auction, 5.38-acre Plot P2 was sold for Rs 1,447.22 crore, translating into a record realisation of Rs 269 crore per acre and a premium of around 52.3 per cent over the reserve pr...