Hyderabad – The Telangana Housing Board’s recent land auction in Gachibowli has sparked renewed optimism in the city’s commercial real estate sector. The headline sale: a 1,487‑yard commercial plot fetched a record price of ₹2.22 lakh per square yard, amounting to a total of approximately ₹33 crore.
Auction Highlights:
- Flagship Sale: The prime plot in the Gachibowli Housing Board Colony sold for ₹2.22 lakh per square yard, totaling nearly ₹33 crore, signaling strong buyer confidence in Grade‑A commercial assets.
- Additional Sale: A second plot in the same area was sold for ₹11 crore.
- Aggregate Forecast: The auction, covering multiple sites across Gachibowli, Chintal, Nizampet, and other locales, generated a substantial ₹65 crore in total bids.
What This Means for Hyderabad:
- Investor Sentiment: The strong per‑yard price reflects robust investor interest in Hyderabad’s commercial zones, particularly in tech‑centric hubs like Gachibowli.
- Growth Momentum: The high take‑up rate across the Telangana Housing Board’s portfolio – especially in strategic locations – suggests a wider rebound in the city’s realty market.
- Future Outlook: Analysts anticipate that demand for quality office and commercial space will continue to rise, driven by the city’s expanding IT and financial services industries.
Also Read: Telangana to Build 20 Lakh Homes Under Indiramma Housing Scheme
About Gachibowli
Gachibowli, located in the western part of Hyderabad, is a leading IT, financial, and residential district that has experienced rapid transformation over the past two decades. It lies just a few kilometers from HITEC City and is part of the city’s broader IT corridor.
This bustling locality is home to several global tech giants such as Microsoft, Amazon, Google, Wipro, and Infosys, making it one of India’s premier IT destinations. In addition to corporate campuses, Gachibowli also houses key financial institutions, MNCs, and co-working spaces, contributing to a vibrant economic ecosystem.
Connectivity is one of Gachibowli’s major strengths. It enjoys seamless access to the Outer Ring Road (ORR), ensuring fast transit to the Rajiv Gandhi International Airport. It is also well-connected to other parts of the city via expressways, metro expansion plans, and well-developed road networks.
The area features excellent social infrastructure, including reputed schools like Delhi Public School and Oakridge International, hospitals like AIG and Continental, shopping malls, and high-end residential developments. With strong infrastructure, proximity to workplaces, and a cosmopolitan lifestyle, Gachibowli continues to attract both homebuyers and commercial investors.
Expert Insight
This auction outcome mirrors broader trends in India’s commercial real estate, where institutional and retail investors are increasingly vying for modern, well‑connected assets. The ₹2.22 lakh per square yard price tag underscores Hyderabad’s growing stature alongside Delhi NCR, Mumbai, and Bengaluru.
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