Tag: Hyderabad

IndustryLatest Stories

Telangana Government Plans Land Value Revision Guidelines

Representative AI image HYDERABAD: Following the cabinet sub-committee’s request for the registration department to revise land values for property registrations, the registration and stamps (R&S) department has initiated guidelines for market value revisions. Sources indicate that the state government has yet to decide if the changes will apply statewide or just within Greater Hyderabad Municipal Corporation (GHMC), Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MCMC). Given the substantial disparity between current government land valuations and market rates, plans are underway to increase these values by 30% to 50% in certain areas. Official sources revealed that, after generating ₹15,200 crore…

IndustryLatest Stories

Telangana Fire Dept Meets Builders on Fire Services Act Changes

HYDERABAD: On Friday, state fire department officials convened a consultative meeting with members of the builders and developers association to discuss proposed amendments to the Telangana Fire Services Act of 1999. The proposed amendments aim to modernize regulations to address urban infrastructure risks, improve safety standards, and enhance enforcement powers. Once finalized, these changes will allow fire department regulations to cover buildings under 15 metres high, as most fire incidents occur in these smaller, often crowded structures. The meeting was held at the fire department’s headquarters in Nanakramguda and included representatives from the Confederation of Real Estate Developers’ Associations of…

Latest StoriesResidential

Telangana property registration values set to rise in May

HYDERABAD: In a key initiative to enhance resource mobilisation, the state government has announced that property registration values will be revised starting the first week of May. The registration department has been instructed to make the necessary preparations for this change. This decision, made by the cabinet sub-committee on resource mobilisation, ends a year-long pause on the proposed increase. Initially planned for last year, the revision was delayed due to a downturn in the real estate sector and persistent requests from real estate associations for a postponement. However, with market conditions showing signs of stability, the government has decided to…

Latest StoriesRegulatory

EOW Files Case Against Four for Selling Land to 80 Buyers

HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated a criminal case against four individuals accused of fraudulently selling assigned land to 80 buyers, valued at Rs 3.48 crore. The complainant, a coconut vendor from Allapur in Borabanda, claims the accused befriended him and presented an opportunity to purchase plots in Patancheru. The complaint states that Nagesh Goud and Ravi Goud convinced him they were the landowners, while G Vara Prasad, P Shivaram, and Satyanarayana acted as brokers. They informed the complainant they would seek permission for the layout and offered him a chance to buy plots at a discounted…

IndustryLatest Stories

Osman Nagar Land Auction in Hyderabad Sells for ₹51 Crore/Acre

Representative Image HYDERABAD: Osman Nagar near Tellapur has become Hyderabad’s latest real estate hotspot, with the first land auctions in the area yielding impressive bids. An acre of land sold for Rs 51.25 crore, which is nearly 30% above the reserve price of Rs 39 crore. The Telangana Industrial Infrastructure Corporation (TGIIC) generated Rs 768 crore from the auction of two prime land parcels, indicating a strong demand for strategically located urban land. Leading developer Rajapushpa acquired a 10.09-acre parcel for Rs 51.25 crore per acre, while Brigade Group bought another 5.72-acre parcel at Rs 44 crore per acre. TGIIC…

InfrastructureLatest Stories

Telangana Unveils First Land Registration with Survey Map

HYDERABAD: In a significant move to modernise land records and minimize property disputes, Revenue Minister Ponguleti Srinivas Reddy announced that the government is safeguarding farmers’ land rights through reforms introduced under the Bhu Bharati land portal. The initiative provides permanent land rights supported by a survey map and Bhudhar number, offering farmers confidence and security about their future. On Tuesday, the first land registration utilizing a survey map was successfully completed in Kusumanchi mandal, Khammam district. The minister remarked that the integrated Bhu Bharati portal would be a national model. In Kusumanchi, farmer Bhagam Kishan Rao from Motapuram village sold…

IndustryLatest Stories

Telangana’s TDR Policy Causes Price Surge, Builders Object

HYDERABAD: A recent policy aimed at compensating landowners and fostering urban growth has sparked fresh controversy in Telangana’s real estate sector. Following the state government’s announcement last month mandating the use of transferable development rights (TDR) for certain high-rise buildings and allowing their use for setback relaxations, TDR prices have surged significantly across Greater Hyderabad. Builders, developers, and everyday property owners are now voicing concerns over what they view as an artificial price spike and potential market manipulation. TDR serves as a certificate awarded to landowners who relinquish property for public use, such as road expansion or infrastructure projects. Instead…

Latest StoriesRegulatory

Telangana HC Grants Week for Gov’t to Respond in GHMC Merger Case

HYDERABAD: The Telangana High Court has granted the state government one last opportunity to submit its responses to a series of petitions challenging the merger of panchayats, municipalities, and municipal corporations within the Outer Ring Road limits into the GHMC. The bench, led by Chief Justice Aparesh Kumar Singh and Justice GM Mohiuddin, stated, “As a final indulgence, the respondents (state) are allowed one week to file a counter-affidavit.” The court also granted an additional week for the petitioners to respond to the state’s counters and adjourned the matter for further hearings. Among the petitioners is 98-year-old farmer MA Shareef…

Latest StoriesRera

Telangana RERA Launches Grievance and Guidance Cell

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has established a Public Grievance and Guidance Cell aimed at improving stakeholder engagement and enhancing grievance resolution mechanisms across the state. Launched on Thursday at the Administrative Staff College of India in Hyderabad, this initiative aligns with national discussions and the Ministry of Housing and Urban Affairs’ recommendations for better grievance handling. “The PGGC is designed to bolster grievance redressal and enhance engagement among stakeholders in the real estate sector throughout the state,” TG-RERA Chairman N Satyanarayana stated in an official press release. The Cell will provide guidance to stakeholders regarding their…

Latest StoriesResidential

Firm Accused of Cheating Customers in Kollur Villa Scheme

HYDERABAD: Customers have accused a construction firm of fraud after it allegedly failed to deliver villas in Kollur despite collecting substantial deposits. The company reportedly enticed clients with a ‘pre-launch offer’. A criminal complaint has been filed by the Economic Offences Wing (EOW) of Cyberabad police against the company’s management under Sections 316 (criminal breach of trust) and 318 (cheating) of BNS. Authorities stated that one victim was approached by a firm representative named Rajesh, who claimed the company was launching a villa project in Kollur and invited him to their office. They detailed the project and attracted the victim…