Tag: Hyderabad

CommercialLatest Stories

Executive Centre Secures 200,000 Sq Ft in HITEC City, Hyderabad

The Executive Centre India has secured a lease for 200,000 sq ft of premium office space in the Avance Business Hub (H09), HITEC City, Hyderabad, from Phoenix Infocity Private Limited. This agreement, formalized in a lease deed on February 6, 2026, and registered on February 20, 2026, highlights the growing need for flexible workspaces in major IT hubs across India, according to documents from Propstack. The lease encompasses the third and fourth floors (office levels 8 and 9) of the warm-shell condition building in Gachibowli Village, Serilingampally Mandal. With a base rent of ₹110 per sq ft per month, the…

CommercialLatest Stories

WeWork India to Add 7,700 Desks in Hyderabad, Pune, Bengaluru

NEW DELHI: WeWork India Management has announced plans to expand into Hyderabad, Pune, and Bengaluru, adding approximately 7,700 desks as part of its growth strategy. According to a regulatory filing, the company has signed a sub-lease agreement for 145,114 sq ft in Hyderabad, which will add roughly 2,100 desks. This center is expected to become operational by July 2026, with an estimated investment of ₹32 crore, funded through internal accruals and debt. Additionally, WeWork has entered into a leave-and-license agreement for 162,665 sq ft in Pune, projected to introduce around 2,500 desks by August 2026, involving an investment of about…

Latest StoriesRera

Telangana RERA Fines Bagiratha Builder ₹3,000 Daily for Green Space

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a daily penalty of Rs 3,000 on a real estate developer for failing to comply with a previous order. This action stems from a complaint lodged by Ch Venkateswara Rao from Khajaguda, Hyderabad. The complaint pertains to the Green Space Bagiratha project in Aurangabad village, Medak district, covering a layout of 4 acres. The complainant demanded that the project be completed according to the brochure specifications, obtain the necessary NOC, and display the DTCP draft layout plan with the TLP number. TGRERA indicated that the developer did not pay the…

IndustryLatest Stories

Hyderabad’s Property Tax Arrears Exceed ₹3,000 Crore

HYDERABAD: Property tax arrears in the three municipal corporations of Greater Hyderabad have surpassed an alarming ₹3,000 crore, exceeding both the current fiscal’s collections and its target. By the time the ongoing one-time settlement (OTS) scheme—offering a 90% waiver on accumulated interest on arrears—expires on March 31, the total arrears may likely escalate to over ₹5,000 crore. Before the trifurcation of the Greater Hyderabad Municipal Corporation (GHMC), the property tax collection target for this financial year was set at ₹3,000 crore. Thus far, the GHMC, Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MMC) have collectively managed to gather only…

InfrastructureLatest Stories

Telangana to Revamp Debt, Monetise Land for Hyderabad Metro I

HYDERABAD: The Telangana government has initiated the intricate process of acquiring the 69-km Hyderabad Metro Rail network from Larsen & Toubro in a transaction worth ₹15,000 crore, marking a significant state government acquisition. The state will officially take control of phase I of the metro from April. However, officials indicate that the transition hinges on three essential areas: financial restructuring, asset and liability transfer, and the maintenance of uninterrupted operations. On Monday, the state cabinet approved the acquisition of a complete 100% equity stake in phase I from L&T. The project, estimated at ₹15,000 crore, includes a debt component of…

IndustryLatest Stories

Telangana Housing Board makes ₹34 crore from Hyderabad land auction

HYDERABAD: Recent auctions of Telangana Housing Board land parcels have seen impressive prices, reaching ₹1.76 lakh per square yard in Gachibowli and ₹1.64 lakh per square yard in Kukatpally. The total revenue generated from Monday’s land sales stood at ₹34.27 crore. The Board released a notification on February 9 to auction off 14 land parcels in Gachibowli, Bowrampet, Balaji Nagar, Chintal, and other areas across the city. Approximately 50 bidders participated in the auction held at the KPHB community hall on Monday. All plots sold were in the MIG and HIG categories, with the exception of a plot in Bowrampet…

IndustryLatest Stories

Telangana Aims to Raise ₹3,500 Crore from Osman Nagar Auctions

Representative image HYDERABAD: Following record revenue from land sales in key western sectors, the Telangana government is focusing on the next growth area on Hyderabad’s outskirts, auctioning valuable land parcels in Osman Nagar near Tellapur. After successful auctions in high-end locations such as Raidurg, Kokapet, Gopanpally, Gachibowli, and Budwel, the government is now offering approximately 48 acres of land in Osman Nagar, conveniently situated near the Financial District and Outer Ring Road. Sources indicate that the government has resumed land auctions after a three-month hiatus to raise funds between ₹4,000 crore and ₹5,000 crore for welfare initiatives like Rythu Bharosa…

Latest StoriesRera

Telangana RERA Cautions Developers on Pre-Launch Ads

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has issued a warning to promoters, developers, real estate agents, and advertising channels regarding misleading pre-launch advertisements targeted at homebuyers, which lack valid TG-RERA registration. The authority stressed that enticing buyers or soliciting investments before obtaining formal registration is a direct violation of the Act. According to the Real Estate (Regulation and Development) Act, 2016, all real estate projects exceeding 500 sq m and apartments with more than eight units must be registered with TG-RERA. Developers can only advertise, market, or sell units after the Authority has thoroughly examined the project details…

IndustryLatest Stories

Hyderabad’s Bharathi Builders Allegedly Dupes Investors

HYDERABAD: A private employee from Chikkadpally has approached the Cyberabad EOW, claiming that a real estate company and its executives defrauded him and other investors of several crores through a pre-launch offer for a project at Bhanur in Sangareddy district. After the accused failed to deliver on their promises, he filed a cheating complaint with the police. The complainant, P. Kishore Kumar, 45, reported that he and roughly 300 other buyers were persuaded to invest in Bharathi Green Empire Heights, a real estate project promoted by Bharathi Builders India. The company’s chairman, Dupati Nagaraju; managing director, Mulpury Siva Rama Krishna;…

Latest StoriesRera

Bhuvanteza Infra Fined by Telangana RERA for Unauthorized Sales

HYDERABAD: The Telangana State Real Estate Regulatory Authority (TGRERA) has imposed a penalty of ₹43.7 lakh on Bhuvanteza Infra Project Private Limited, based in Banjara Hills, for unauthorized allotment of units in its ‘Tulasi Lake Front’ project located in Suraram, Medchal–Malkajgiri district. This decision was made on December 1, 2025, following two separate complaints by customers. The first complaint was lodged by Maheshwaram Padma, a resident of Chintal, Tirumalagiri. The Authority found that the company had violated statutory regulations by allotting a flat without proper legal entitlement, misrepresenting ownership, collecting amounts without authority, and engaging in unfair trade practices, violating…