In a significant move reflecting Hyderabad’s booming real estate sector, the Telangana State Industrial Infrastructure Corporation (TGIIC) has announced an auction of prime land parcels in Osman Nagar scheduled for April 23.
Initially, the agency planned to auction six plots spanning 48 acres. However, due to regulatory uncertainties and market considerations, the plan has been revised to include two parcels—one measuring 10 acres and the other 5.72 acres.
The upset price has been set at ₹39 crore per acre, indicating strong confidence in the area’s development potential. Located near key hubs such as the Financial District, Hi-Tech City, and the Outer Ring Road, Osman Nagar has emerged as a strategic location for mixed-use development.
Officials stated that the land is designated for residential, commercial, retail, healthcare, and entertainment projects, making it attractive for investors and developers alike. The outcome of this auction is expected to influence future phases, with additional parcels likely to be offered depending on market response.
Earlier auctions in nearby areas such as Raidurg and Neopolis saw strong demand and high valuations, setting a benchmark for this upcoming sale.
Experts believe that Hyderabad’s consistent infrastructure growth and investor-friendly policies continue to drive demand in the real estate market. The Osman Nagar auction is seen as another indicator of the city’s expanding urban footprint and economic momentum.
News as reported
