Tag: Hyderabad

Latest StoriesRera

Telangana RERA Fines Bharathi Builders ₹4.7 Crore for Pre-Sales

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has taken significant action against unlawful pre-launch sales of residential projects, imposing a landmark penalty of ₹4.7 crore on a local builder—marking the highest fine of its kind in the state. This decision was prompted by numerous complaints from distressed homebuyers who claimed they lost investments in the project. According to TG-RERA’s order, Bharathi Builders Pvt Ltd raised “substantial amounts” from buyers through pre-launch promotions for its project, ‘Bharathi Lake View Apartments’ in Kompally, in 2021, without securing the necessary registration under the Real Estate (Regulation and Development) Act. At the time…

Latest StoriesRegulatory

Telangana HC suggests specialized tribunal for building disputes

HYDERABAD: The Telangana High Court has proposed that the state government consider setting up a specialized tribunal to handle building-related disputes. This measure aims to alleviate the increasing workload of such cases within the judiciary. A division bench led by Chief Justice Aparesh Kumar Singh and Justice GM Mohiuddin made this suggestion while reviewing an appeal regarding a building permit that was granted to a builder for a project in Kothapet back in October 2025. The appeal was submitted by residents Srinivas Yadav and DE Nagaraju after their previous petition to cancel the permit was dismissed by a single judge.…

Latest StoriesResidential

Telangana: 412 Velugumatla Families Receive House Pattas

HYDERABAD: Deputy Chief Minister Bhatti Vikramarka announced on Wednesday the construction of a model colony for the underprivileged in Velugumatla, Khammam district, aimed at setting a benchmark for other states. Alongside Housing and Revenue Minister Ponguleti Srinivas Reddy and Agriculture Minister Tummala Nageswara Rao, all from Khammam, the Deputy CM distributed house site pattas and sanctioned Indiramma houses for families affected by the recent demolition drives against encroachments on Bhoodan land in Khammam’s urban mandal. The event took place in Khammam town. While opposition parties claimed that over 700 families were evicted from Bhoodan land, 412 eligible families in Velugumatla…

Latest StoriesResidential

Hyderabad Builders Tempt Buyers with Harleys, EVs, and Gold

Representative AI image HYDERABAD: In response to slow sales, various developers in Hyderabad are offering luxurious gifts to entice potential homebuyers. Options include premium motorcycles, 24-carat gold coins, electric vehicles, and complimentary interior upgrades. For example, one prominent developer is providing a Harley Davidson worth ₹3 lakh with bookings in selective high-demand areas such as Kokapet, Kukatpally, Uppal, Patancheru, and Rajendranagar. Another developer plans to offer electric vehicles valued at ₹8 lakh to clients of an upcoming residential project located between Uppal and Ramanthapur. Gold has also emerged as a favored incentive, despite its rising prices. A builder from Miyapur…

CommercialLatest Stories

Charles Schwab Leases 3.45 Lakh Sq Ft Office in Hyderabad

BENGALURU: Charles Schwab, a US-based financial services firm, has leased approximately 3.45 lakh sq ft of office space in Gachibowli, Hyderabad, as part of its expansion of global capability center (GCC) operations in India. The company has secured space in Phoenix Equinox Tower 2, a commercial property owned by Phoenix IT City Private Limited, located in Hyderabad’s prime IT corridor. According to documents from Propstack, “The five-year lease, based on the escalation structure, could result in a total rental commitment of around Rs 247 crore. The agreement also includes an annual rental increase of 5%, with a security deposit of…

Latest StoriesRera

Telangana RERA Lets Homebuyers Complete Stalled Projects

HYDERABAD: In a pioneering initiative in Telangana, authorities have permitted homebuyers to take over and complete stalled residential projects when builders default, leveraging the Real Estate (Regulation and Development) Act, 2016. Following directives from the Telangana Real Estate Regulatory Authority (TG RERA) and the municipal administration department, flat owners formed associations to finish the remaining construction in their projects. One project has already been completed, while another is in progress. The halted projects were initiated by Jayathri Infrastructures India Private Ltd., which had launched the ‘Jaya Platinum’ residential project in Bowrampet village, comprising 60 flats. Simultaneously, it had started the…

IndustryLatest Stories

Secunderabad Cantonment Board Offers OTS for Property Tax Dues

HYDERABAD: The Secunderabad Cantonment Board (SCB) has introduced a one-time settlement (OTS) plan for property tax arrears. This initiative aims to alleviate the financial burden on property owners by providing concessions on the interest accrued from outstanding tax dues. The plan applies to arrears accumulated until March 31 and aligns with the Cantonments Act, 2006. Under the OTS plan, property owners may receive a 30% discount on their accumulated interest or a maximum of ₹10,000, whichever is greater. If the total interest is less than ₹10,000, owners can benefit from a full waiver of that interest. It’s important to note…

Latest StoriesRegulatory

Hyderabad: Builder Accused of Cheating Buyers in ₹5 Crore Scam

Representative AI image HYDERABAD: The Central Crime Station (CCS) has filed a cheating case against a real estate firm and its promoters, accused of defrauding multiple buyers of over ₹5.6 crore in a pre-launch project in Tellapur. The complainant, Vinod Sadak, a 47-year-old private employee from Kothapet, stated that he paid ₹77 lakh for a 2,200 sq ft flat in a proposed gated community, but has yet to receive the flat or a refund. Vinod discovered the project, named ‘Tripura Nirvana’, in November 2022, which the company advertised as a residential high-rise with over 1,000 flats across 12 acres, featuring…

Latest StoriesRegulatory

ED Seizes ₹14 Crore in Sai Surya Developers Fraud Case

HYDERABAD: The Enforcement Directorate (ED) in Hyderabad has provisionally attached assets worth ₹14 crore under the Prevention of Money Laundering Act. This action is part of an investigation into Sai Surya Developers and others, who are accused of defrauding numerous depositors by falsely claiming to sell plots in various real estate projects. The assets seized include land owned by Sai Surya Developers. The ED commenced its investigation based on multiple FIRs filed by the Telangana police against Sathish Chandra Gupta, the proprietor of Sai Surya Developers, among others. According to the police’s chargesheet, Gupta allegedly received payments from several victims…

Latest StoriesResidential

Record Prices for Kukatpally Housing Board Plots and Flats

HYDERABAD: The auction conducted by the Telangana Housing Board for open plots in Kukatpally Housing Board (KPHB) on Friday witnessed an astonishing sale of land, with a square yard fetching a record price of ₹2.65 lakhs, surmounting the set upset price of ₹1.30 lakhs per square yard. A total of four open plots in Phases I and II of Dharma Reddy Colony, along with eight flats in Sampoornam Apartment, Phase-15 of KPHB, were auctioned. While the highest price per square yard reached ₹2.65 lakhs, another plot sold for ₹2.41 lakhs per square yard. In a similar vein, a flat in…