New Record: Rs 237 Crore Per Acre In Hyderabad

Land prices in Hyderabad are reaching unbelievable levels and the latest government land auction has left everyone stunned. The Telangana capital, which is already known for its booming real estate market, has now created an all time record with land touching a massive Rs 237 crore per acre.

A few years ago, Kokapet land auctions shocked the country after government plots crossed the Rs 100 crore per acre mark. Now, within just two years, prices have more than doubled in some prime locations of the city.

The latest record came from Rayadurg near Gachibowli, one of Hyderabad’s biggest commercial hotspots. The Telangana government auctioned around six acres of land belonging to TGIIC, and the response was beyond expectations.

Real estate firm Gaur Ventures emerged as the winning bidder by quoting an eye watering Rs 237 crore per acre for the land. With this, all previous land price records in Hyderabad and even the Telugu states have been completely broken.

Interestingly, the same region had earlier seen government land auctions touching around Rs 177 crore per acre, which itself was considered unbelievable at that time. But the new auction has taken Hyderabad’s real estate craze to another level altogether.

The speed at which land prices are rising in Hyderabad is now becoming a major talking point in business and real estate circles. While investors see huge future potential in the city, common people are left shocked at how expensive land in Hyderabad has become within such a short period.