T
aj Banjara, a 3.5‑acre landmark in Hyderabad, was sold to Auro Realty for ₹315 cr after 40 years of operation by Taj GVK Hotels on leased land. The lease expired in 2023, and the landlord transferred the property to the developer, who is using a portion of the ₹2 000 cr raised for its real‑estate fund. The existing hotel will likely be demolished to make way for an ultra‑luxury high‑rise, though the old structure still holds some value. In Kokapet, undeveloped land fetches nearly ₹170 cr per acre, whereas Taj Banjara’s plot sells for about ₹95 cr per acre despite the hotel. The contrast is stark: Banjara Hills is a fully developed, premium zone, while Kokapet is still growing and will take time to match its activity. Hyderabad’s market continues to reveal such contradictions.