Overview
- The Telangana Industrial Infrastructure Corporation ran an MSTC e-auction on Thursday that produced a winning price of about ₹237 crore per acre for a 6.29-acre parcel, equal to roughly ₹1,490.73 crore in total.
- TGIIC said the final price was 70.5% above the reserve of ₹139 crore per acre and that JLL acted as the exclusive transaction advisor for the digital, competitive sale.
- Reports differ on the buyer’s identity: several outlets say the winner has not been publicly confirmed while at least one publication names Gowra Ventures, so the purchaser remains unsettled in coverage.
- TGIIC has scheduled another 5.09-acre e-auction in the same Raidurg area for June 1, and officials and market observers say the result raises expectations for higher bids on nearby government lots.
- Raidurg’s status as a prime IT and commercial corridor and prior TGIIC benchmarks—most recently ₹177 crore per acre in 2025—help explain why developers aggressively pursued the litigation-free, ready-to-build parcel and why the sale could speed state revenue and development plans.