Telangana eyes Rs 3,000 crore from prime land auctions
It is preparing to auction 66 acres of prime land, including—for the first time—plots in Osman Nagar — in a move that could fetch the exchequer up to Rs 3,000 crore.
Tired of too many ads? go ad free now
Seventeen land parcels are up for grabs, with four in upmarket Raidurg and the rest in fast-developing Osman Nagar. The TGIIC recently floated a request for proposal, seeking transaction advisors to assist with the auction process. Bids for advisors must be submitted by Aug 8.
This follows the govt's failed attempt to auction 400 acres at Kancha Gachibowli earlier this year. Learning from that, officials are now targeting smaller, high-value plots to attract serious investors, sources said.
The transaction advisor will be finalised by mid-Aug, setting the stage for one of the biggest land auctions in the state's recent history.
The Raidurg parcels, close to Hyderabad's tech corridor, are expected to be hotly contested. One 7.67-acre plot carries an upset price of Rs 50 crore per acre (market value is Rs 71 crore), while an 11-acre parcel is priced at Rs 44 crore per acre (market value is Rs 63 crore). The govt expects bidding to push prices beyond Rs 100 crore per acre.
Two smaller Raidurg plots are expected to fetch Rs 2.16 lakh per sq y, well above their Rs 1.55 lakh upset price, thanks to their proximity to metro access and IT hubs, and institutional zones. The area is home to global capability centres and top tech firms.
Meanwhile, Osman Nagar, located near Kokapet and Mokila, is emerging as a new growth zone. With fewer land-use restrictions due to its proximity to the GO 111 conservation zone, it's drawing developer interest. TGIIC has identified 13 parcels here, priced at Rs 16 crore per acre (market value Rs 24 crore). Officials believe competitive bidding could push prices up to Rs 30 crore per acre.
The largest plot in Osman Nagar is 17 acres, with others ranging down to just one acre.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
20 minutes ago
- Business Standard
Mindspace Reit raises Rs 550 cr via sustainability-linked bonds from IFC
K Raheja Corp-backed Mindspace Business Parks real estate investment trust (Reit) has raised Rs 550 crore through sustainability-linked bonds (SLBs) from the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group. This follows the Reit's initial Rs 650-crore SLB issuance in June 2024, bringing the total SLB issuance to Rs 1,200 crore. The Rs 650-crore bond was also subscribed by IFC. This is the first SLB issuance by an Indian Reit under the new environment, social and governance (ESG) framework introduced by the Securities and Exchange Board of India (Sebi) in June 2025, the Reit said. The allotted SLBs have a tenure of eight years and are rated 'AAA (Stable)' by Icra, a ratings agency. In May 2025, Mindspace Reit had approved raising Rs 1,800 crore through a fresh issuance of non-convertible debt securities or commercial papers in one or more tranches. Ramesh Nair, managing director and chief executive officer, Mindspace Reit, said: 'With this issuance, we're taking a big step forward on our sustainability journey. Being the first Reit to raise sustainability-linked bonds under Sebi's new ESG framework shows our intent to lead from the front. Partnering with IFC gives us global backing, and it will help us drive energy efficiency, add more green-certified space, and build a portfolio that's ready for the future.' The SLB is directly tied to measurable ESG performance targets, ensuring accountability and impact. These include a reduction in greenhouse gas (GHG) emissions, an increase in the share of green-certified areas under management, and a reduction in energy intensity. Imad Fakhoury, regional director for South Asia, IFC, said: 'IFC is pleased to deepen its partnership with Mindspace Reit through an additional investment, fuelling the growth of Reits as an asset class and strengthening India's real estate sector. By championing sustainable buildings and innovative financing, we are creating opportunities for developers, investors and communities. This investment will accelerate the development of world-class office infrastructure that generates jobs, attracts global capability centres and top employers, and strengthens India's business environment.'
New Indian Express
31 minutes ago
- New Indian Express
Post real money gaming bill, questions aplenty for Indian cricket
IPL may feel aftershocks One of the knock-on effects of a blanket ban could be felt by Indian cricket, especially the lucrative Indian Premier League (IPL). Various IPL teams as well as the competition itself are tied up with various real money gaming firms, including Dream XI and My11Circle. Even if Indian cricket will not have a lot of problems onboarding new sponsors — if they want to go down that path — there may be some short term pain. "Fantasy gaming platforms like My11Circle and Dream11 have become heavyweight backers of Indian sports," said Santosh N, managing partner of D & P Advisory, an independent valuation company. "My11Circle has committed Rs 625 cr for an IPL associate sponsorship slot, while Dream11 has consistently backed franchises such as Punjab Kings, Gujarat Titans, and Sunrisers Hyderabad as title or principal sponsors. My11Circle is currently an IPL associate sponsor at the league level, contributing a large share of central sponsorship revenue. Separately, Dream11 has team-level sponsorships, serving as Title Partner and Principal Partners for some teams. Together, fantasy sports brands account for hundreds of crores in sponsorship inflows, making IPL one of the most exposed properties to a potential ban." Dream11, as it stands, is the Indian team's 'lead sponsor' but that is scheduled to end after next year's men's T20 World Cup. "Banning it would strip IPL and many smaller leagues of vital funding, compress marketing budgets, and likely curb the steady upward trend in sponsorship revenues." Santosh added. My11Circle also counts a number of active Indian cricketers as their brand ambassadors. Per the bill, they can't endorse any of these products. Set for a challenge? If and when it becomes law, the gaming companies may decide to challenge its constitutionality. Sports lawyers this newspaper spoke to said that fantasy games like Dream11 are 'games of skill' according to a Supreme Court judgment a few years earlier. A Dream11 spokesperson 'declined to comment' for multiple questions raised by this mast. The bill caught a lot of industry stakeholders off guard, especially because this government's previous moves with respect to the online gaming industry was seen as favouring them. It's been reported that the government are now citing national security as well as social issues for this step.
The Print
an hour ago
- The Print
KVN Properties plans to raise Rs 1,000 cr to expand business
According to sources, KVN Properties is in talks with Kotak Realty Fund to raise Rs 1,000 crore for growth capital. Bengaluru-based KVN Properties is a newly established real estate company by Venkat K Narayana, a former CEO of Prestige Estates Projects Ltd. New Delhi, Aug 19 (PTI) Realty firm KVN Properties plans to raise Rs 1,000 crore from Kotak Realty Fund to expand business, according to sources. The company plans to raise this fund through issue of debentures, they added. KVN Properties declined to comment. The fundraise will enable KVN Properties to expand its land parcel footprint in prime locations across India. These land parcels will get developed through joint development agreements (JDA) or joint ventures (JV) with leading property developers. The company aims to make land parcel with development potential of 10 million sq ft available for development by 2025-26. Recently, KVN Properties finalised a joint venture with the Puravankara Group to develop a 24.59-acre land parcel in North Bengaluru and also entered into the development management arrangement with Assetz Group to develop a 5.67-acre land parcel in North Bengaluru. These projects will have a projected gross development value (GDV) of over Rs 4,300 crore. PTI MJH HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
