The Telangana Housing Board (TGHB) has successfully auctioned a prime 7.8-acre residential land parcel in Hyderabad’s Kukatpally Housing Board (KPHB) Colony, generating ₹547 crore in revenue. Godrej Properties secured the plot with a winning bid of ₹70 crore per acre, significantly surpassing the base price of ₹40 crore per acre.

A High-Stakes Bidding War

The auction saw intense participation from leading developers including Aurobindo Realty, Prestige Estates, and Ashoka Builders. However, it was Godrej Properties that emerged victorious, reinforcing its growing footprint in the Hyderabad real estate market.

The land parcel is strategically located next to a 60-foot-wide road, which is set to be expanded to 120 feet as part of upcoming infrastructure improvements. Its proximity to HITEC City and key IT corridors made it one of the most sought-after real estate offerings in recent times.

Godrej Properties' Vision for the Site

Godrej Properties is expected to launch a premium residential project on the site, with an estimated revenue potential of ₹3,800 crore. The company will receive the official allotment following completion of formal procedures. The project's upscale development plans aim to leverage the area's excellent connectivity and rising housing demand.

A Windfall for Public Housing

For the Telangana Housing Board, the ₹547 crore windfall represents one of its highest-ever earnings from a single land auction. Officials confirmed that the proceeds will be channelled into affordable housing programs, including the Indiramma Housing Scheme—targeted at providing quality homes for economically weaker sections and middle-income families across the state.

KPHB: Hyderabad's New Real Estate Hotspot

This latest auction surpasses recent high-value sales in the area. In earlier rounds:

• A commercial plot in KPHB Phase 4 sold for ₹65.3 crore per acre just a few weeks ago.
• In June 2025, smaller plots in Phase 7 fetched up to ₹2.98 lakh per square yard—equivalent to about ₹660 crore per acre in smaller units.

While those sales were remarkable in per-square-yard terms, the current deal stands out for its sheer scale and total transaction value.

Market Implications

This high-value land sale highlights the extraordinary growth and investor confidence in Hyderabad’s real estate market, particularly in well-connected urban pockets like KPHB. For developers, the transaction signifies both opportunity and competition, while for the state, it offers a valuable infusion of funds to address housing needs.