New Delhi, Oct. 7 -- The Telangana government has achieved a benchmark in India's real estate sector, with the second parcel of land at Raidurg fetching around Rs 1,556 crore in an auction held on Monday.

This takes the total revenue from two parcels of land to nearly Rs 3,135 crore, marking one of the biggest auctions in Hyderabad's history.

According to a press release, the Telangana Government, through the Telangana State Industrial Infrastructure Corporation (TGIIC), conducted the auction for two land parcels in Raidurg, located within Hyderabad Knowledge City.

The second parcel, an 11-acre plot, recorded a winning bid of Rs 141.5 crore per acre, totalling Rs 1,556.5 crore with participation from five bidders. Earlier in the day, t...