Tag: Gachibowli

IndustryLatest Stories

HMDA Aims to De-Notify Kokapet IT SEZ for Land Unlocking

Representative AI image HYDERABAD: Almost two decades after designating 117 acres in Kokapet for a prominent information technology special economic zone (IT SEZ), the Hyderabad Metropolitan Development Authority (HMDA) has decided to terminate the project and prepare the valuable land for auction, potentially yielding around Rs 12,000 crore. HMDA has requested the Centre to de-notify the IT SEZ, allowing the state government to reallocate the land for generating revenue. Officials revealed that approximately 90 to 95 acres of the original designation are currently available and could be auctioned following the necessary approvals. The planned SEZ was first proposed by the…

Latest StoriesResidential

Cyberabad’s Co-Living Spaces Experience Rapid Growth

HYDERABAD: As housing rentals rise consistently, the western corridor has become a popular area for co-living spaces, experiencing a tenfold growth in the past four years. According to the IT Corridor Hostels Association, Hyderabad saw its co-living facilities surge from about 20 during the pandemic to over 250 today. This increase is largely due to shifting accommodation preferences among young professionals, with over 90% located in key IT hubs like Gachibowli, Hitec City, Kondapur, Kukatpally, and Miyapur. Transitioning from PGs to co-living spaces Co-living spaces now constitute nearly 5% of around 4,500 hostels serving both men and women in the…

CommercialLatest Stories

Hyderabad Office Market to Gain 18-19 Million Sq Ft by FY27: ICRA

NEW DELHI: The office market in Hyderabad is projected to welcome 18-19 million square feet of new Grade-A supply between Q4 FY26 and FY27, according to the rating agency, ICRA. Occupancy rates are expected to remain stable at approximately 82.5-83% by March 2027, driven by consistent demand from IT-BPM and BFSI sectors. Notably, around 23% of the forthcoming supply is already pre-leased. Leasing activity in Hyderabad has demonstrated resilience during the first nine months of FY2026. Within this timeframe, the city added 8.4 million sq ft of new Grade-A office space, with net absorption slightly outpacing supply at 8.5 million…

CommercialLatest Stories

Apple Expands Hyderabad Office to 6.3 Lakh Sq Ft at WaveRock

BENGALURU: Apple India has signed a new office lease for over 65,000 square feet at the WaveRock IT campus in Hyderabad’s Financial District. This brings its total area in the Xander-owned property to nearly 630,000 square feet, according to documents obtained by the publication. The recent lease covers 65,168 square feet and was finalized earlier this week between Apple India Private Limited and TSI Business Parks (Hyderabad) Private Limited, the landlord of WaveRock. This follows a previous lease of 64,125 square feet signed in July 2025, resulting in an overall expansion of approximately 130,000 square feet for Apple in 2025.…

Latest StoriesResidential

Telangana Housing Board Launches LIG Flats Sale in Hyderabad

Representative Image HYDERABAD: The Telangana Housing Board has introduced one-bedroom flats aimed at the Lower Income Group (LIG) in Gachibowli and several other locations. According to V P Gautam, the board’s vice-chairman, a total of 339 flats are available in Hyderabad, Khammam, and Warangal at competitive market prices. These flats are situated in gated communities where many families reside, specifically allocated for the LIG category to ensure access to quality housing. Positioned in well-developed and sought-after areas, the flats are offered at prices that are substantially lower than those in the open market. Officials highlighted that the flats are designated…

Latest StoriesRegulatory

Hyderabad Builder Ordered to Refund Buyer for Undelivered Plot

HYDERABAD: The Ranga Reddy District Consumer Disputes Redressal Commission has mandated a real estate company to refund ₹42.04 lakh, along with interest, to a homebuyer after the firm failed to deliver a promised residential plot in a pre-launch project. The complainant, Gaurav Khandelwal, 43, from Gachibowli, reported that he paid ₹32.34 lakh in 2022 for a 308-square-yard plot in a proposed layout. Per the agreement, the company was required to obtain HMDA approval, develop the site within a year, and register the plot in his name. They also provided a buy-back option with a 30% return if the project didn’t…