Buying an
acre of land in Hyderabad is going to be a distant dream for you all.
The Telangana Government recently had an e-auction and has made a
statement that an acre of land has fetched Rs.29.28 Crores to Telangana
Government. Aurobindo Pharma bought the prime land of five acres for a
whopping price in Raidurgam.
This is
close to Hitech City and Gachibowli. It has to be noted that the same
company purchased another 3.65 acres in same area for a price of
Rs.24.88 Crores per acre. Another company Naya Infra bought two acres of
land at Raidurgam at a cost of Rs.24.20 crores per acre.
Saimed
Labs paid a sum of Rs.22.02 Crore per acre for a three acre parcel. The
official persons said this has broke all the previous records. The
officials said even during the booming period in 2007-08 the auction of
Government fetched just 18 to 23 Crores per acre.
The
companies which bought the land are planning to build world-class
corporate head quarters.The Government body also auctioned lands at
Manikonda and Kokapet areas.