TGIIC had last conducted a land parcel auction in Aug last week, which fetched the highest-ever Rs 269 crore per acre in the Raidurg Knowledge City area.
Sources said govt is planning to put up two land parcels, about six to seven acres, for auction next week and conclude the sale by Nov.
Hyderabad: Telangana State Industrial Infrastructure Corporation (TGIIC), which secured a windfall in earlier land auctions in Raidurg Panmakta, is now gearing up for another round of land sale.
TGIIC sources said a land parcel likely to go under the hammer is 3.70 acreswhich was earlier allotted to International Arbitration and Mediation Centre (IAMC) by the previous BRS govt five years ago. The land allotment was cancelled by the court as the BRS govt had allotted the prime land in survey number 83/1 in Raidurg free of cost in 2021 even without collecting market value and also announced Rs 3 crore financial assistance to the centre in 2022.
Govt also okayed the proposal and it is expected to clear the notification in a week’s time, a senior TGIIC official said. The corporation wrote to the state for taking over the land parcel from IAMC as the Supreme Court had upheld the cancellation of the allotment of the land to the centre.