Sources said the govt resumed land auctions after a three-month gap to mobilise funds of ₹4,000 crore to ₹5,000 crore for welfare commitments, including Rythu Bharosa, and other public expenditures. The parcels will be auctioned on March 10, 13 and 16, with an upset price of ₹39 crore per acre. Officials estimate the sales could generate between ₹3,000 crore and ₹3,500 crore in revenue. “For the first time, Osman Nagar lands were put for auction. In Raidurg, the govt sold one acre of land for a staggering Rs 177 crore, and it was Rs 152 crore in Neopolis in Kokapet. Osman Nagar land prices are around Rs 40 crore to Rs 50 crore per acre,” a senior official of Telangana Industrial Infrastructure Corporation said. Seven major land parcels ranging from 4 to 10 acres each will be offered. Officials noted that several big developers, including Rajpushpa, have already launched residential projects in the Osman Nagar-Tellapur belt, boosting investor interest. The plots fall under a mixed use zoning category, allowing commercial, residential, retail, healthcare and entertainment development. Their proximity — about two minutes from the ORR, 15 minutes from Financial District and 30 minutes from Hi-Tec City — is seen as a major draw.
