In a record-breaking land auction, prices of plots in Thorur, Hyderabad recently soared to ₹45,500 per square yard. It was a government-backed auction that again highlighted the city’s booming real estate industry. The strong response has strengthened Hyderabad’s position as India’s most popular real estate destination.More information about auctionThe auction was conducted by Rajeev Swagrih Nigam Limited (RSCL) for 85 open plots in Thorur, Kurmalguda and Bahadurpally. Thorur was the main attraction and a plot reached ₹45,500 per square yard. Bahadurpally also saw impressive bidding with prices reaching ₹40,500 per square yard. Around 150 bidders participated which shows the demand for government approved land parcels in Hyderabad.ThoroorThorur near Hayathnagar is one of the most sought-after residential investment destinations. The area enjoys strategic connectivity with ORR and Vijayawada Highway. According to real estate analysts, buyers are showing interest in plotted developments in peripheral areas due to rising apartment prices within the city and long-term appreciation potential of landed property.The results of the latest auction are significant as the base prices were much lower a few years ago. Earlier in the HMDA-linked auction at Thorur, prices had started around ₹20,000-₹25,000 per square yard. All this is happening due to the expansion of Hyderabad’s infrastructure. The surrounding areas of Kokapet, Neopolis, Budvel and Thorur are experiencing significant boom and rapid appreciation. Metro expansion plans, road connectivity and IT-driven housing are in demand.

Government-backed auctions are also gaining popularity as it is a relatively safe investment for buyers. HMDA and related agencies are actively monetizing land banks through auctions. However, the Thoroor auction has sparked discussion in real estate circles as observers have noted that land prices on the outskirts of Hyderabad have been rising.Real estate consultants say the surge in demand reflects confidence in Hyderabad’s long-term expansion. The city is benefiting from strong IT employment growth, robust infrastructure spending and relatively streamlined approvals compared to many other Indian cities.With new infrastructure projects, metro connectivity plans and new commercial centres, experts believe that more planned developments near ORR will remain in high demand. Hence the Thoroor auction could mark another milestone in the city’s fast-evolving real estate story.Source: Economic Times Realty, Times of India, HMDA, The New Indian Express.