Tag: Hyderabad

IndustryLatest Stories

Hyderabad civic body revenue rises with more high-rise approvals

HYDERABAD: The surge of high-rise buildings in Hyderabad has significantly boosted the revenue for the Greater Hyderabad Municipal Corporation (GHMC). From January to August of this year, the civic body recorded earnings of ₹1,199.7 crore, a remarkable increase compared to the total revenue of ₹815 crore in 2024. This revenue bump is primarily attributed to a rise in high-rise building approvals, which yield much higher fee collections than traditional residential projects. Notable growth areas include Uppal Bagayath, Nanakramguda, Khajaguda, Budvel, and Gaganpahad, where several substantial residential and commercial developments have been approved. Significant projects include a 50-story residential tower in…

Latest StoriesRegulatory

Telangana HC rebukes collector for delay in land report

HYDERABAD: The Telangana High Court expressed dissatisfaction with the Rangareddy district collector for failing to submit an affidavit after more than three months, stating that this reflected poorly on his diligence. “What is stopping you? You have not filed the report even after three months,” remarked the court. Justice EV Venugopal made these comments while addressing a petition and contempt case regarding alleged illegal constructions on government lands classified as prohibited in Nagaram village, Maheswaram mandal. The disputed lands are reportedly part of Bhoodan properties, with allegations that several current and retired IAS and IPS officers and their family members…

IndustryLatest Stories

Auro Realty Seeks $225M Bond in India for Acquisition Fund

MUMBAI: Auro Realty, the real estate division of Aurobindo Group, which also includes pharmaceutical producer Aurobindo Pharma, aims to raise ₹20 billion (approximately $225.41 million) via bond sales to finance a significant acquisition, according to two merchant bankers on Tuesday. The company plans to issue two-year and four-year bonds with coupon rates between 11% and 15%, the bankers noted. “This financing at the promoter level is intended for the acquisition of several assets, including Hotel Taj Banjara Hyderabad,” commented one of the bankers. The Auro Realty group has not responded to a Reuters email for further information, and the bankers,…

Latest StoriesRera

Telangana RERA Fines Bhuvanteza Infra, Orders Customer Refunds

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has fined Bhuvanteza Infra ₹6.4 lakh and ordered a full refund to buyers affected by unregistered and delayed housing projects. In its ruling on September 30, the Authority found the company guilty of multiple infractions, including failure to register projects, misappropriation of customer funds, and not delivering possession. In one case, Raja Rao Bongu from Shamirpet claimed he was approached by representatives of Devas Infra Ventures Pvt. Ltd., later renamed Bhuvanteza Infra Projects Pvt. Ltd., to book a flat in the ‘Happy Homes Phase-2’ project during March-April 2021. Relying on their promises,…

IndustryLatest Stories

Prestige Group’s ₹1,556 Cr Land Acquisition in Hyderabad

Representative Image In a landmark transaction, the Prestige Group has acquired an 11-acre plot in Hyderabad’s Knowledge City for Rs 1,556.5 crore, marking the city’s most expensive land deal to date. This acquisition, part of an auction by the Telangana Government on October 6, 2025, positions Hyderabad at the forefront of India’s commercial real estate boom. At a rate of Rs 141.5 crore per acre, this deal establishes a new standard for land costs not only in Hyderabad but across the nation. This transaction arrives amid Hyderabad’s ascent as a global business hub, fueled by its reputation as India’s tech…

IndustryLatest Stories

Raidurg Land Auctions in Hyderabad Yield ₹177 Crore/Acre

Representative Image HYDERABAD: A record was set in Hyderabad on Monday with the auction of a 7.67-acre plot in Raidurg’s Knowledge City for an extraordinary Rs 177 crore per acre, marking the city’s most expensive real estate deal. Another 11-acre plot fetched Rs 141.5 crore per acre, totaling nearly Rs 3,000 crore (approximately) for the Telangana State Industrial Infrastructure Corporation (TGIIC), which conducted the auction. The previous high for Greater Hyderabad was in 2023, when a 3.6-acre land parcel in the prestigious Neopolis area of Kokapet was sold for Rs 100.75 crore per acre by the Hyderabad Metropolitan Development Authority…

InfrastructureLatest Stories

HYDRAA Secures ₹3,600 Crore Land in Kondapur

Representative image created by AI HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has successfully reclaimed 36 acres of government land in Kondapur, Serilingampally mandal, Rangareddy district, valued at approximately Rs 3,600 crore. This marks the agency’s second-most valuable recovery to date. The land, located in survey number 59 near the RTA office in Kondapur, had been illegally occupied for several years. Following a directive from the high court, HYDRAA officials, supported by police, removed numerous temporary commercial structures erected on the property. The area has now been fenced off, with signboards installed to designate it as government…

Latest StoriesRegulatory

Telangana HC Censures Badangpet Civic Body for Illegal Builds

Telangana HC HYDERABAD: The Telangana High Court has instructed the Badangpet Municipal Corporation, situated on the outskirts of Hyderabad, to take decisive and immediate measures against illegal constructions on encroached lands under its jurisdiction. The order, issued on September 24 by Justice B. Vijaysen Reddy, came in response to a petition from the American Township Plot Owners Welfare Association, a residents’ welfare association from Balapur, Badangpet. The association alleged that a real estate firm and an individual were encroaching on land designated for a public road and had commenced construction. Despite several complaints, the RWA claimed the municipal corporation had…

Latest StoriesResidential

Telangana Housing Board to Auction Plots & Flats from Oct 6

HYDERABAD: The Telangana Housing Board is set to auction plots and flats within the GHMC limits, including locations such as Nizampet, Bachupally, and Chintal, starting Monday. Some properties will be auctioned publicly, while others will be available through e-auction. The Housing Board has been actively auctioning land over the past five months to support the Indiramma Housing Scheme for the underprivileged. Sources indicate that the corporation is expected to transfer ₹1,618 crore to the government for the Indiramma scheme. Officials announced that residential properties in Chintal, Nizampet, and Bachupally will be available for open auction, following a notification issued on…

InfrastructureLatest Stories

Hyderabad’s Lakes Shrunk by 500% in 20 Years of Real Estate

Representative AI image HYDERABAD: A recent study reveals that Hyderabad has seen its water bodies shrink by nearly 500% from 2000 to 2020, decreasing from 12,535 hectares to just 2,280 hectares. This significant reduction has had a detrimental effect on the city’s natural water network. Concurrently, built-up areas have doubled from approximately 38,863 hectares to 80,111 hectares. Consequently, water levels in major lakes like Osmansagar, Himayatsagar, and Durgam Cheruvu have plummeted, pushing the city towards a critical water scarcity. M. Kamraju, a former research scholar from the Center for Economic and Studies, stated, “These water bodies—crucial for groundwater recharge and…