Tag: Hyderabad

IndustryLatest Stories

Hyderabad: Banjara Hills ₹1,000 Crore Land Auction Dispute

Representative image HYDERABAD: A significant land auction organized by the Hyderabad Metropolitan Development Authority (HMDA) in Banjara Hills has sparked controversy, with two claimants asserting that part of the high-value government land slated for auction overlaps with their properties. The contention revolves around an 8.24-acre parcel in survey No. 102/1 of Hakeempet village, which HMDA intends to auction on June 19. This land is among the most sought-after in the city, with an estimated valuation of nearly Rs 1,000 crore. HMDA has set a base price of Rs 99 crore per acre, anticipating bids between Rs 130 crore to Rs…

CommercialLatest Stories

Incuspaze Purchases iKeva

NEW DELHI: Incuspaze, a provider of managed workspaces, has completed a 100% acquisition of iKeva, a workspace operator with locations in Hyderabad and Bengaluru. This strategic move is expected to contribute approximately ₹100 crore to the company’s revenue. iKeva operates 18 centers, totaling five lakh square feet across Hyderabad and Bengaluru. Incuspaze plans to expand its office space by an additional five lakh square feet by FY27. The company aims for a revenue target of ₹1,000 crore by FY28–29 and is set to prepare for an IPO within the next 24 to 36 months. Published On Jun 8, 2026 at…

InfrastructureLatest Stories

Telangana Selects Singapore Firm for Future City Plan

HYDERABAD: In a significant development for Telangana’s Bharat Future City (BFC), the state government has appointed Singapore-based DP Architects as the consultant to craft the master plan for the Future City Development Authority (FCDA). After evaluating bids from six firms, DP Architects was selected as the lowest bidder, with the formal contract to be awarded during the inauguration of the BFC office in Meerkhanpet on June 10, according to official sources. The appointed consultant is expected to finalize the master plan within nine months. The FCDA’s focus will initially be on 30,000 acres out of a total area of nearly…

Latest StoriesResidential

Villages Safe as Rural Registrations Rise in Telangana

Representational Image HYDERABAD: The Telangana government has significantly revised land rates near Hyderabad’s Outer Ring Road, with some increases reaching 100%. However, many rural areas have been exempt from steep rises in property registration charges. The new rates took effect statewide starting Friday. The minimum rate has surged from ₹1.75 lakh per acre to ₹2.75 lakh, signaling a major change in land valuation. In contrast to urban adjustments, the increases for residential flats and open plots in rural towns and district headquarters were kept moderate, ranging from 10% to 20% of existing rates. Officials organized the assessment for rural, urban,…

IndustryLatest Stories

Registration Fees Rise in Hyderabad’s Key Growth Areas

HYDERABAD: The western corridor of the city, known for rapid real estate growth over the past decade, is facing a significant increase in property registration fees. From Friday, the Telangana state government’s updated land rates have been implemented, affecting both agricultural and non-agricultural land. The steepest increases were observed in the western areas, with surrounding neighborhoods seeing hikes of 25% to 75%. Several core city areas experienced less severe adjustments, with residential zones limited to a 25% rise. The most notable change occurred in Raidurg Panmaktha, where the price for one acre recently soared to Rs 237 crore. The registration…

Latest StoriesRegulatory

Telangana HC Questions Accountability for Officials Clearing Illegal Buildings

HYDERABAD: The Telangana High Court has inquired whether any action has been taken against government officials who allegedly sanctioned illegal constructions and provided civic amenities like water and electricity to structures that were later demolished by the HYDRAA for encroaching on government land. A vacation bench led by Justice Nagesh Bheempaka posed this question while hearing petitions from over 20 residents of Patelguda village, located on the outskirts of Hyderabad. The residents claimed that their homes were demolished in September 2024 without notice, leaving them homeless. The petitioners informed the court that a subsequent survey, conducted on the court’s orders,…

Latest StoriesRegulatory

HYDRAA Alerts Telangana HC on Realty Firm in Kukatpally

HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) informed a vacation bench of the Telangana High Court on Thursday that it is not interfering with a 13.17-acre land in Kukatpally currently possessed by NVN Constructions Pvt Ltd. HYDRAA claimed that the site was part of a waterbody and proceeded to demolish the compound wall, security guard rooms, cut electricity supply, and damage equipment on the premises. Subsequently, after the firm filed a contempt case, the High Court issued interim directives on May 29, instructing HYDRAA and other government bodies to restore the site to its original condition by…

Latest StoriesResidential

Telangana to Update Property Registration Rates on June 5

HYDERABAD: Telangana is set to implement new land values for property registrations statewide starting June 5, marking the first significant rate update in nearly a year. This decision comes after extensive field surveys and data from sub-registrar offices (SROs), with officials stating that the revision aims to align government-notified rates with current market values. Revision Overview: The new rates will be categorized into four tiers—25%, 50%, 75%, and 100% increases on existing registration values for both agricultural and non-agricultural lands. Most property rates will fall within the 25%, 50%, or 75% categories, with only a few areas in prime urban…

Latest StoriesResidential

Rental Prices Surge Near Hyderabad IT Hubs

BY: Kolakaluri Lavanya Chopra HYDERABAD: The increasing rents are significantly altering living conditions in Hyderabad. As prices rise in neighborhoods like Madhapur, Gachibowli, Kondapur, and HiTec City along the IT corridor, many residents are resorting to shared flats, crowded PG accommodations, and longer commutes. For many professionals, finding housing has shifted from being a matter of comfort to a balancing act between costs and time management. Shakina Fatima, an employee in Jubilee Hills, remarked, “Due to traffic, it used to take me nearly an hour to commute from Kondapur. I’ve since moved to Banjara Hills, where I pay ₹26,500 for…

IndustryLatest Stories

Hyderabad: Second Raidurg land parcel sold for ₹204 crore/acre

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) achieved a remarkable Rs 204 crore per acre for a 5.09-acre plot at Raidurg during Monday’s e-auction. Reports indicate that Vamsiram builders acquired the prestigious plot for a total of Rs 1,040 crore. Last week, another plot measuring 6.29 acres was sold in the same area for Rs 237 crore per acre. Collectively, the two parcels totaling 11.38 acres have generated an impressive revenue of Rs 2,529 crore for the government. During Monday’s auction, the government secured a significant 46.8% premium over the reserved price of Rs 139 crore.…