State government conducted auction of land parcels on Wednesday that fetched huge revenues as an acre in Raidurg in different parcels fetched Rs 29.28 crore, Rs 24.88 crore, Rs 24.20 crore and Rs 22.02 crore. An acre in Manikonda fetched Rs 12.63 crore and in Kokapet Rs 6.05 crore.
Officials said the latest e-auction had once again proven the supremacy of the Hyderabad realty sector among other metros in the country and dispelled the myth that the sector had taken a hit after the state was bifurcated. Telangana State Industrial and Infrastructure Corporation (TSIIC) had issued the E-tender-cum-E-auction notification on October 30.
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