IndustryLatest Stories

Telangana to Raise Property Registration Values After Deadlock

HYDERABAD: After a year of indecision and industry resistance, the state government has opted to revise market values—the official ‘government value’ for property registration—within the core urban area (CUR). This highly sought-after zone, which encompasses approximately 27 local bodies within the Outer Ring Road, is responsible for nearly 60% to 70% of the annual revenue from the registration and stamps department. The proposed increase is significant, ranging from 30% to 50% above current rates, with the intention of bridging the gap between official registration values and existing market prices. Once enacted, this initiative is projected to generate an additional ₹2,000…

Latest StoriesResidential

Telangana to Sell Long-Vacant Rajiv Swagruha Flats for ₹1,000 Cr

Representative image created by AI HYDERABAD: With the real estate market in and around the city gaining momentum, the state government has put Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam, and Gajularamaram townships up for sale, with expectations of raising over ₹1,000 crore. A total of 159 flats in Sahabhavana township (Bandlaguda), 601 in Sadbhavana township (Pocharam), and 418 flats in 9- to 14-storey towers—located in the Medchal-Malkajgiri district—are now available for purchase. Interested buyers must submit applications, and allotments will be decided by a draw scheduled for July 30, August 1, 2, and 20, if there are multiple bids…

CommercialLatest Stories

Shortage of Grade-A Office Space Hampers Hi-Tech City, Hyderabad

HYDERABAD: Heineken’s decision to establish a global capability center (GCC) in Hyderabad with an investment of nearly Rs 3,000 crore has proven challenging, as securing space in the bustling IT hub of HITEC City has become increasingly difficult. Sources indicate that this trendy area, often compared to San Francisco’s Bay Area, is almost fully leased out in terms of Grade A office space. Notable developments in HITEC City include Sattva Group’s Knowledge Park and Knowledge City, RMZ’s Nexity, Raheja Mindspace, and CapitaLand Park, along with individual projects by Auro Realty and My Home Group. Recently, McDonald’s acquired approximately 200,000 sq…