Tag: HMDA

Latest StoriesRegulatory

Telangana HC asks HYDRAA, HMDA on three-year lake encroachment delay

HYDERABAD: The Telangana High Court on Thursday responded to allegations that authorities neglected encroachments and illegal constructions around Errakunta Lake, despite complaints over the past three years. The court has ordered the Hyderabad Disaster Response and Asset Protection Authority (HYDRAA) and the Hyderabad Metropolitan Development Authority (HMDA) to provide updates on measures taken to safeguard the water body. Justice B Vijaysen Reddy instructed both agencies to present their positions and announced an adjournment until July 16. The petition was brought forward by advocate Vijay Gopal, representing himself. He argued that HYDRAA displayed selective enforcement, claiming significant recoveries of government land…

IndustryLatest Stories

Mokila Plot Sale in Hyderabad Brings in ₹231 Crore for HMDA

Representative AI image HYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) achieved a record bid of ₹1.09 lakh per sq yard in its Mokila layout auction, conducted over two days. This highest bid more than doubled the government-fixed upset price of ₹50,000 per sq yard, enabling the authority to collect ₹231 crore from the sale of 100 residential plots. The HMDA carried out the e-auction in two phases, auctioning 50 plots each on Monday and Tuesday. Officials noted that while the peak bid reached ₹1.09 lakh per sq yard, the average bid was ₹75,640 per sq yard, underscoring strong demand for…

Latest StoriesResidential

Hyderabad: Medipally HMDA Owners Protest Prohibitory List

HYDERABAD: Plot owners who bought land in a Hyderabad Metropolitan Development Authority (HMDA) layout in Medipally, Medchal-Malkajgiri, are voicing their concerns over their plots being added to a prohibitory list and the authority’s failure to provide promised amenities after three years. As these plot owners express their worries, HMDA is preparing to auction more plots in the same area on June 24. Major issues reported include the inclusion of survey number 62 in the prohibitory list, ongoing legal disputes with land assignees, encroachments affecting the area (including religious structures), and the absence of a proper access road. These concerns remain…

IndustryLatest Stories

Hyderabad’s HMDA earns ₹3,862 crore from record auctions

HYDERABAD: The land market in Hyderabad continues its upward trend, with the Hyderabad Metropolitan Development Authority (HMDA) completing four auction phases in the Neopolis and Golden Mile layouts, fetching a total of ₹3,862 crore and indicating strong investor confidence in the city’s growth sectors. In the final phase held on Friday, COEUS Education Management Private Limited acquired a 1.98-acre plot in Golden Mile for ₹77.75 crore per acre—₹7 crore above the starting price of ₹70 crore per acre. Since November 24, the HMDA has raised ₹3,862.8 crore from these auctions, demonstrating substantial market interest in premium, strategically located land across…

IndustryLatest Stories

Hyderabad: 4 Acres in Neopolis Sold for ₹609 Crore

HYDERABAD: Setting a new record beyond its previous high on Nov 24, the Neopolis auction saw a remarkable land sale on Friday. A 4.03-acre plot fetched an astounding Rs 151.25 crore per acre, contributing approximately Rs 609 crore to the state’s revenue. Additionally, another 5.03-acre parcel generated Rs 147.75 crore per acre for the Hyderabad Metropolitan Development Authority (HMDA), bringing the total to Rs 1,352 crore. During this week’s earlier Neopolis auction, the highest bid was Rs 137 crore. Plot no 15, measuring 4.03 acres, was secured by Lakshmi Narayana Gummadi, Karteesh Reddy Madgula, Sharat Ventrapragada, and Shyam Sunder Reddy…

Latest StoriesRegulatory

Telangana HC Halts Ruling on Budwel Land E-Auction

HYDERABAD: In a significant development, the Telangana High Court has suspended a prior ruling that overturned the e-auction of 4.19 acres of land at Budwel, Rajendranagar, which was to be conducted by the HMDA. The court has allowed the HMDA to proceed with the auction while prohibiting the declaration of the highest bidder. The division bench, comprising Justices Moushumi Bhattacharya and Gadi Praveen Kumar, issued this directive on Tuesday during an appeal by the state government challenging the single judge’s decision made in May 2025. The bench also instructed the district collector of Rangareddy to address claims made by private…

Latest StoriesRegulatory

Hyderabad: Firm sued for duping nine flat buyers of ₹4 crore

HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated a cheating case against a construction company based in Jubilee Hills, accused of defrauding nine flat buyers of ₹4.41 crore linked to a stalled project in Tellapur. The complainants, K Mahesh, a 34-year-old employee of a Public Sector Undertaking (PSU), and his friend T Chandra Kiran Kumar began their home search in 2021. They were approached by a marketing executive named Bhargav, who offered an attractive early bird rate of ₹2,800 per square foot with a guaranteed buy-back option. Believing claims that the necessary land would be procured and that HMDA…

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…

Latest StoriesRegulatory

ED Investigates High-Rise Scam, Seizes Cash Linked to Official

HYDERABAD: The Enforcement Directorate (ED) has uncovered a series of questionable real estate transactions and seized Rs 72 lakh in unaccounted cash during investigations linked to the suspended HMDA director, Siva Balakrishna. The inquiry was triggered by an earlier FIR alleging illegal payments for the approval of a high-rise project by Udaya SSV Projects in Narsingi. This prompted the ED to carry out targeted searches, uncovering incriminating documents tied to several real estate deals and firms. The investigation is rooted in a disproportionate assets case initiated by the Anti Corruption Bureau. The latest searches took place on July 24 at…

Latest StoriesRera

Telangana RERA Fines Realty Firm for Mokila Layout Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has levied a fine of ₹38.5 lakh against a real estate firm for regulatory breaches and deviations from authorized plans at its villa project located in Westend Greens, Mokila, in Ranga Reddy district. The promoter was found guilty of violating Sections 11, 14, and 61 of the Real Estate (Regulation and Development) Act, 2016. TGRERA has ordered an immediate suspension of marketing or sale of villas until the project is officially registered with the authority. The complaint was jointly submitted by five Westend Greens residents: Tumpi Shome, Sailaja Nukala, Monika Singh R,…