Hyderabad: Breaking all records, an acre of land in Hyderabad has fetched Rs.29.28 crore to the Telangana government in an e-auction conducted on Wednesday.

Aurobindo Pharma bought the prime land of five acres at the highest rate in Raidurgam close to the IT clusters of Hitec City and Gachibowli. The same company purchased another parcel of 3.65 acres in the same area at a price of Rs.24.88 crore per acre.