Prominent Hyderabad-based developer Vamsiram Builders bought the 0.97-acre plot for a total of ₹172.45 crore, including stamp duty and registration. The land parcel will be used for a premium mixed-used development project.
This land auction in Hyderabad’s Knowledge City Layout signals the state’s continued push to monetize high-value land amid surging investor demand in the city’s western corridor. The auction was conducted by the Telangana Industrial Infrastructure Corporation (TGIIC).
Premium demand drives prices up
Hyderabad has seen a spate of high-value land auctions in recent weeks. In October, Bengaluru’s Prestige Group bought an 11-acre plot via a TGIIC auction for ₹1,556.5 crore, at around ₹141.5 crore an acre. In the same month, MSN Labs bought 7.76 acres in Raidurg at ₹177.7 crore per acre.
Monday’s land auction was done on a per square yard basis, fetching a price of ₹3,40,000 per square yard. A previous auction conducted on a per square yard basis, in 2017, was at ₹88,000 per square yard, showing a four-fold increase in prime land value over the last eight years. An acre is a unit of measurement for land, equivalent to 4,840 square yards.
“The consistent high performance of these auctions, particularly suited for boutique multi-use development, demonstrates the exceptional depth and maturity of Hyderabad’s economic growth. Developers are strategically investing at a premium to secure prime inventory in the city’s most elastic and high-return business corridor,” said K. Shashanka, vice-chairman and managing director at TGIIC.
Mint could not immediately reach out to Vamsiram Builders. JLL was the exclusive transaction advisor for TGIIC.
“The outcome of this auction, achieving ₹3.4 lakh per square yard, validates the market’s specific need for premium, smaller-format land parcels suitable for niche commercial developments. This value realization underscores Hyderabad’s status as a top-tier investment destination and its growing prominence as a global hub for business,” Sandip Patnaik, senior managing director, Hyderabad, India at JLL, a property advisory, told Mint.
