Hyderabad’s real estate market has once again proved its dynamism, with the Telangana Housing Board’s transparent e-auctions generating a record-breaking ₹617 crore in a single day. The development reflects the surging demand for land in the city’s prime zones and highlights the Revanth Reddy government’s proactive approach towards leveraging real estate revenues for public welfare.
Kukatpally Land Auction Breaks Records
At the heart of Wednesday’s auction was a 7.8-acre land parcel in Kukatpally Housing Board Colony (KPHB), which fetched an unprecedented ₹547 crore, setting a new benchmark of ₹70 crore per acre.
Officials explained that the base price was fixed at ₹40 crore per acre, but the competitive spirit of bidders pushed the value up dramatically over 46 rounds during a three-and-a-half-hour auction. This record transaction underlines the confidence that developers and investors have in Hyderabad’s long-term growth story.
The land is strategically located near Hitech City, one of the fastest-growing technology and business hubs in the country. With numerous high-rise residential and commercial projects already present in the area, the latest deal is expected to add further momentum to urban expansion, premium housing projects, and infrastructure development.
Revanth Reddy Govt’s Housing Vision
Housing Board Vice Chairman V.P. Gautham confirmed that the revenue earned will be channelled towards housing schemes for poor and middle-class families, in line with Chief Minister Revanth Reddy’s broader vision of “Housing for All”.
The government has been emphasising socially inclusive urban development, ensuring that while Hyderabad attracts global real estate giants, the benefits also flow to ordinary citizens. “This auction revenue will directly strengthen state housing projects, making affordable homes a reality for thousands of families,” an official said.
Rajiv Swagruha Towers Auction Adds ₹70.11 Crore
In another significant development, the government also earned ₹70.11 crore through the allotment of incomplete multi-storey towers under the Rajiv Swagruha Corporation.
- In Pocharam Township, 72 flats were allotted to the NTPC Employees Association for ₹13.78 crore, while 122 flats went to the Gayatri Education & Cultural Trust for ₹30 crore.
- In Gajularamaram, a 112-flat tower was allotted to the FCI Employees Association for ₹26.33 crore.
The flats were priced at ₹1,650 per sq. ft. in Pocharam and ₹1,995 per sq. ft. in Gajularamaram, and allotments were made transparently through a lottery system, ensuring fairness and accessibility.
Hyderabad’s Realty Sector on an Upward Trajectory
Real estate analysts say that the success of these auctions reflects a larger trend: Hyderabad is fast emerging as India’s most stable and high-growth property market. With robust IT expansion, investor-friendly policies, and a proactive state government, the city is increasingly attracting both domestic and international developers.
Unlike other metros where land saturation and policy hurdles often slow down growth, Hyderabad continues to offer transparent processes, affordable entry points, and high returns — making it a magnet for realty investors.
Balancing Growth with Welfare
What sets Telangana apart is the government’s approach of balancing luxury real estate expansion with welfare-driven housing schemes. The Revanth Reddy government’s decision to reinvest auction proceeds into housing for the poor and middle-class demonstrates its commitment to inclusive development.
This dual strategy is not only boosting confidence among developers but also ensuring that the real estate boom translates into tangible benefits for ordinary citizens.
Looking Ahead
With such record-breaking auctions and rising investor confidence, Hyderabad is poised to strengthen its reputation as a national real estate hub. The latest revenue milestone of ₹617 crore in a single day is more than just a financial achievement — it represents a model of transparent governance, economic growth, and social responsibility.