The increasing demand for land in Raidurgam area of Hyderabad is once again in the news. The government has earned more than Rs 14.90 crore from the auction of plot number 1A and 1/F in Raidurgam Makt Prime Area. This huge amount has created new excitement in the real estate market of Telangana.
New auction will start from June 1
Now Telangana State Industrial Infrastructure Corporation i.e. TGIIC is preparing to auction 5.09 acres of additional land in the same area. This process will start from June 1. It is believed that huge interest from investors can be seen in this auction also.
Hyderabad became the first choice of investors
According to real estate experts, investors are considering Hyderabad as one of the safest investment options in the country. The biggest reasons for this are rapidly developing infrastructure, expansion of IT sector and expectation of better returns on investment. This is the reason why big businessmen and investors are continuously showing interest in buying land here.
Increased recognition of Raidurgam and Kokapet
Raidurgam Knowledge City and Kokapet are no longer names limited to Hyderabad only. Due to the record breaking auction of land, the recognition of these areas is reaching the international level. The prices of these areas are continuously increasing due to IT companies, corporate offices and luxury projects.
New records are being made in the real estate market
TGIIC’s consistently successful auction processes are creating new records in the real estate sector of Telangana. Experts believe that in the coming times, Hyderabad may become one of the most expensive and fastest growing real estate hubs of the country.
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