Rajasthan's RIICO land auctions attract 128 bidders, raise ₹569 crore

The Rajasthan Industrial Infrastructure Development Corporation (RIICO) has concluded a significant round of land auctions that generated ₹569 crore in revenue from 128 investors, according to officials managing the state's industrial infrastructure programmes.

Two specially designated plots at Maal ki Toos in Udaipur garnered particular attention during the bidding process, with approximately 68 entrepreneurs competing for the parcels. The locations, earmarked for tourism-related activities, reflected strong investor appetite for commercial ventures in the state's emerging leisure and hospitality sectors.

The successful auction demonstrates growing investor confidence in Rajasthan's industrial and commercial landscape. RIICO, the state agency responsible for developing and managing industrial estates and special economic zones, periodically conducts land sales to support infrastructure development and attract private sector participation.

The funds generated through these auctions typically support the corporation's ongoing efforts to develop and maintain industrial infrastructure across the state. Officials indicated that the level of participation in the latest round exceeded expectations, suggesting sustained interest from domestic investors seeking expansion opportunities in Rajasthan's growing markets.