Tag: Hyderabad

InfrastructureLatest Stories

Telangana to Conduct Forensic Audit of Land Records

HYDERABAD: The preparations are underway for a forensic audit of land records in Telangana, with the Telangana Technology Services Limited (TGTS) set to finalize an agreement with a security audit agency from Kerala within a week. Following the state government’s approval of this initiative about a month ago, the revenue department has instructed TGTS to enter into a memorandum of understanding (MoU) with the selected agency. Sources from the revenue department disclosed that the law department had approved the necessary terms a week ago, paving the way for the agreement’s signing with the Kerala-based agency shortly. The initial phase of…

Latest StoriesRegulatory

SC Rejects Appeal Against HYDRAA Eviction Orders

HYDERABAD: On Friday, the Supreme Court dismissed a civil appeal from city businessman P. Satya Narayana, challenging eviction orders from the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA). This ruling allows the Jubilee Hills House Building Cooperative Society to reclaim a valuable 2,000-square-yard property in Jubilee Hills. After the Telangana high court ruled in favor of HYDRAA and the cooperative society on August 21, affirming the eviction orders, Satya Narayana took his case to the Supreme Court. HYDRAA had issued notices to Satya Narayana, instructing him to remove a tin shed and nursery garden on the disputed land on…

Latest StoriesRegulatory

Telangana High Court Orders Protection for Petitioner’s Land

HYDERABAD: The Telangana High Court directed the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) and other authorities regarding two housing plots spanning nearly 2,000 sq. yds. in surveys 66 and 67 of Madhapur village, Serilingampally mandal. Justice B. Vijaysen Reddy presided over the petitions by Jagal Reddy and Y. Venkat Reddy, ordering HYDRAA to remove signboards installed on the disputed lands. Jagal Reddy requested protection for his plot measuring 1,190 sq. yds., which he purchased in 1998 and later regularized under GO 456 of 2008. He alleged that HYDRAA attempted a “symbolic possession” of the land at 3 a.m.…

InfrastructureLatest Stories

HYDRAA recovers ₹100 crore land in Jubilee Hills, Hyderabad

Representative image created by AI HYDERABAD: HYDRAA has reclaimed approximately 2,000 square yards of land in Jubilee Hills, valued at around 100 crore. This land, located near the check post and adjacent to the main road, had been under encroachment for over 20 years. Officials report that the plot originally belongs to the Jubilee Hills Cooperative Housing Society, designated for community use in the original layout. However, an individual named Pilla Satyanarayana encroached the area by creating a fake house number and operating a nursery on the site. Despite multiple attempts by the GHMC to reclaim the land, unauthorized structures…

Latest StoriesRegulatory

ED Arrests Ex-Director of Sahiti Infratech in ₹800 Crore Case

HYDERABAD: The Enforcement Directorate’s Hyderabad unit has arrested Sandu Purnachandra Rao, the former director of Sahiti Infratec Ventures India Pvt Ltd (SIVIPL), under the Prevention of Money Laundering Act (PMLA) for allegedly defrauding homebuyers of crores of rupees. Rao was taken into custody on Monday and presented before a special PMLA court in Nampally on Tuesday, where he was remanded to 15 days of judicial custody. Sahiti Infra is charged with defrauding homebuyers of approximately ₹360 crore. The ED initiated its investigation following an FIR filed by Telangana Police against SIVIPL, its managing director B. Lakshminarayan, and others, highlighting a…

IndustryLatest Stories

Abhishek Kapoor Named New CEO of My Home Constructions

NEW DELHI: My Home Constructions, a subsidiary of the My Home Group based in Hyderabad, has announced the appointment of Abhishek Kapoor as the new chief executive officer (CEO), effective immediately. Kapoor recently resigned as group CEO and executive director at Puravankara. “Our goal is to strengthen My Home’s footprint in Bengaluru, Chennai, and Mumbai through innovative products and exceptional customer service,” Kapoor stated. He will be responsible for driving the company’s growth strategy, focusing on business development, land acquisition, sales and marketing, strategic partnerships, and operational execution. My Home Constructions currently has over 50 million sq ft of construction…

CommercialLatest Stories

Microsoft Leases 2.64 Lakh Sq Ft Office in Hyderabad for ₹5.4 Cr/Month

BENGALURU: Microsoft India (R&D) has finalized one of the largest office lease agreements in Hyderabad this year, securing 264,000 sq ft in the city’s financial hub. According to a registered lease document shared by Propstack, the tech giant has inked a new five-year lease with workspace provider Table Space Technologies, with the agreement set to commence on July 1, 2025. The deal encompasses the third and fourth levels of the building, with a total chargeable area of 264,000 sq ft. Microsoft will pay a base monthly rent of ₹1.77 crore at a rate of ₹67 per sq ft, while the…

Latest StoriesRera

Telangana RERA Halts R Homes Project for Norm Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated that R Homes Infra suspend its project, Jai Vasavis Bliss Heights, located in Yamnampet, Ghatkesar. The promoter is instructed to halt all marketing and sales activities immediately due to 11 complaints, including one from Narasimhula Upendra of Hanumakonda, which allege misrepresentation and violations of the Real Estate (Regulation and Development) Act. The complaints assert that R Homes collected significant funds from prospective buyers during the pre-launch phase by making misleading claims regarding project registrations. Allegedly, the promoter executed 10 agreements prior to receiving RERA registration, in violation of Section…

InfrastructureLatest Stories

Hydraa Reclaims ₹400 Crore Prime Land in Madhapur

Representative image created by AI HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (Hydraa) reclaimed a valuable 16,000 sq yard (approximately 3.3 acres) parcel of land worth Rs 400 crore in the city’s prestigious IT corridor on Thursday, a decade after it was reportedly encroached upon by a businessman. Located near the Hitex arch in Madhapur, this plot had been illegally occupied by a private individual who built a restaurant on it and encroached upon an adjacent road with hoardings, according to officials. During a demolition operation on Thursday, the Hydraa team dismantled part of the eatery as well…

IndustryLatest Stories

Hyderabad to Auction 93 Plots Starting September 17

HYDERABAD: After a two-year hiatus, the Hyderabad Metropolitan Development Authority (HMDA) is resuming its land auctions, releasing 93 open plots across different city areas. The three-day e-auction is scheduled for September 17, 18, and 19, as announced by the authority on Wednesday. Among the total plots, 70 are situated in the Bachupally HMDA layout, with additional plots found in Turkayamjal (12), Kokapet (4), Poppalguda (4), Chandanagar (4), Bairagiguda (4), and Medchal Malkajgiri (7) encompassing Gandi Maisamma, Suraram, and Medipally. Officials disclosed that the highest upset price is set at ₹1.75 lakh per square yard for a large plot measuring 8,591…