Monday, 19 December 2016

Land prices in Hyderabad - highest is Rs. 29 crores per acre (near Gachibowli and Hitech city)

Land prices in Hyderabad - Rs. 29 crores per acre (2015)


Aurobindo pharma purchased 5 acres in Raidurgam (near IT hub of Gachibowli and Hitech city) at a price of Rs. 29 crores per acre in a government auction.

Aurobindo purchased another parcel of the land in the same area at a price of Rs. 24 crores per acre.

Naya Infra purchased two acres of land in Raidurgam at a price of Rs.24.20 crore per acre.

Saimed Labs paid Rs.22.02 crore per acre for a three acre parcel.

Officials said this broke all previous records. Even during the boom time in 2007-08, the auction of government land in Raidurgam had only fetched Rs.18 crore to Rs.23 crore per acre.

The companies, which purchased the land in the auction conducted by Telangana State Industrial Infrastructure Corporation (TSIIC), plan to build world-class corporate headquarters.

The government body also auctioned lands in Manikonda and Kokapet areas for residential use. The price also broke previous records. A real estate company paid Rs.12.63 crore for an acre in Manikonda while an acre land in Kokapet fetched Rs.6.05 crore to the government.


http://www.mid-day.com/articles/land-price-in-hyderabad-breaks-all-records-an-acre-fetches-rs-29-crore/16715172

Land prices near Navi Mumbai airport - Rs. 10 crores to Rs. 20 crores per acre

http://timesofindia.indiatimes.com/city/mumbai/Land-given-to-villagers-near-new-airport-selling-for-20cr-an-acre/articleshow/51354081.cms

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