Vamsiram Builders wins 5.38-acre Raidurg plot for ₹1,447 crore in record Hyderabad auction
Vamsiram Builders has secured a 5.38-acre land parcel in Hyderabad's Raidurg (Knowledge City) for ₹1,447 crore at a government auction, achieving ₹269 crore per acre. The price sets a new record for the precinct, surpassing the ₹264 crore per acre paid by MSN Realty just a week earlier.
HYDERABAD – Vamsiram Builders, a Hyderabad-based developer, has won a 5.38-acre land parcel in Raidurg (Knowledge City) for ₹1,447 crore at an auction conducted by the Telangana State Industrial Infrastructure Corporation (TGIIC) on Friday (28 Aug 2026). The bid price of ₹269 crore per acre is a new record for the precinct, surpassing the ₹264 crore per acre that MSN Realty paid for a 5.25-acre site on 21 Aug 2026.
The two auctions held this month have collectively generated ₹2,833 crore from 10.63 acres, at an average rate of ₹266 crore per acre, according to TGIIC officials. The reserve price for the latest auction was ₹175 crore per acre, meaning the winning bid represents a 52 per cent premium. The previous benchmark in Knowledge City was ₹237 crore per acre, recorded in an auction in May 2026.
TGIIC has already received the first 25 per cent instalment from the 21 Aug auction, officials said. The state agency adopted a strategy of conducting two separate auctions rather than offering all available land at once, a move a government official said “helped enhance the bid amount in every auction and build confidence among companies”.
K Shashanka, whose remarks were reported by the state government, said the “outcome further reinforces Hyderabad’s position as one of India’s most dynamic real estate markets”. “The exceptional price discovery reflects strong confidence among leading developers in Hyderabad’s long-term growth prospects, supported by its expanding business ecosystem, robust infrastructure connectivity and growing stature as a major business and investment destination,” he added.
Government officials described the latest auction as the “mother of all land auctions” in response to the level of bidding activity.
