Tag: Hyderabad

Latest StoriesRera

Telangana RERA Fines Haris Pranava Builders & Kapstone Properties

HYDERABAD: The Telangana Real Estate Development Authority (TGRERA) has imposed penalties on a builder and a realty developer due to various violations. In the first case, TGRERA fined Haris Pranava Builders of Madhapur ₹7.6 lakh following a complaint from the Pranava Elite Association, Miyapur. The association, composed of flat owners in the Pranava Elite Residential Building, claimed that the builder breached several conditions outlined in the approved plan and neglected to deliver essential amenities. The project, which received approval for one stilt and five upper floors in 2019, was reported to have multiple discrepancies in construction and a deficiency of…

InfrastructureLatest Stories

Hyderabad Old City corridor impacts 900 properties

HYDERABAD: The road widening initiative for the proposed Metro Rail corridor between MGBS and Chandrayangutta in Hyderabad’s Old City is progressing rapidly. HAML Managing Director Shri NVS Reddy emphasized that the alignment has been meticulously planned to optimize space while minimizing property impact. “Our initial estimate indicated that about 1,100 properties would be affected. Thanks to engineering redesigns and realignments, we’ve reduced that figure to approximately 900,” Reddy explained. He also addressed the numerous challenges encountered in the land acquisition and demolition phases. “Given the densely populated urban environment, houses are tightly packed, and the presence of overhead electricity cables…

IndustryLatest Stories

Telangana Housing Board Sells 1 Acre in KPHB for ₹65 Cr+

Representative image HYDERABAD: The Telangana Housing Board’s recent e-auction of an acre of open commercial land generated over Rs 65.3 crore for the state government. The auction for plot number 1 in Phase 4 of the Kukatpally Housing Board took place on Wednesday and involved 11 bidders. The winning bid came from the Institute of Chartered Accountants of India (ICAI), one of the four online bidders. VP Gautham, vice-chairman of the Telangana Housing Board, noted that the identities of the bidders were kept confidential until the conclusion of the online bidding process. He also reported that the state government raised…

Latest StoriesRera

Telangana RERA Orders Developer to Refund Delayed Project Buyers

HYDERABAD: The Telangana Real Estate Regulatory Authority (RERA) has mandated that a real estate developer refund amounts collected from property buyers, along with interest, due to failure to deliver the project on time. The directive was prompted by complaints from two buyers reporting a breach of agreement and non-compliance with the agreed terms. In one case, Musunuru Siva Sankara Rao, a resident of Peerzadiguda, approached RERA after Jayathri Infrastructure failed to deliver a commercial space in the Western Galaxy project by the set deadline of December 2024. The Memorandum of Understanding (MOU) was signed in February 2021, and the buyer…

Latest StoriesRegulatory

Telangana HC Cautions Petitioner on Repeated Building Appeals

HYDERABAD: The Telangana High Court expressed its discontent towards a local businessman who filed a petition disputing the legality of environmental clearances and building permits for a significant residential project in Hafeezpet, Serilingampally. A division bench, led by Chief Justice Aparesh Kumar Singh and Justice P. Sam Koshy, cautioned the petitioner against misusing the court’s time, stating that appropriate penalties would follow. “Your petition is frequently provoking the court’s ire. Regardless of the circumstances, we will dismiss this petition with substantial costs,” remarked the bench. Nevertheless, after the petitioner’s counsel apologized, the bench allowed the petition’s withdrawal while issuing a…

IndustryLatest Stories

Brigade Group to Co-Develop Two Housing Projects in Hyderabad

NEW DELHI: Brigade Group has entered into joint development agreements (JDAs) for new residential projects in Moti Nagar, Hyderabad—Brigade Citadel 2 and Citadel 3. “This expansion is a strategic move towards our sustainable and scalable growth in Hyderabad, a crucial market for us in South India. We will actively seek land parcels that align with our growth ambitions, design vision, and quality standards,” stated Amar Mysore, Executive Director of Brigade Enterprises. Together, these projects cover a total development area of around one million square feet, with expected revenue surpassing ₹970 crore. The developments will be set across 10 acres of…

IndustryLatest Stories

No OCs for Hyderabad Builders Over Illegal Debris Disposal

Representative image created by AI HYDERABAD: Building owners may be denied occupancy certificates (OCs) if they do not dispose of construction and demolition (C&D) waste properly, as the Greater Hyderabad Municipal Corporation (GHMC) plans to implement stricter regulations soon. In this regard, the state government has decided to require building owners to submit a C&D waste disposal certificate when applying for occupancy certificates with the GHMC. A government order regarding these regulations is expected within the next few weeks. Officials stress that this initiative aims to reduce illegal dumping on roadways, vacant lots, and water bodies, which has become a…

Latest StoriesRegulatory

Telangana Court Orders Builders to Compensate in Two Cases

HYDERABAD: The Ranga Reddy district consumer disputes redressal commission has favored consumers in two distinct real estate cases — one concerning delayed flat possession and another about promised returns on land-linked investments. Refunds and compensations were mandated in both instances. In the initial case, Rajitha Guduru from Bachupalli paid Rs 25 lakh in installments to a real estate company engaged in land ventures in Warangal. Despite receiving certificates that assured monthly returns on “undivided land shares,” no payments were made. Rajitha stated that she was never informed about the land’s location or provided with adequate documentation. Despite her continual inquiries,…

Latest StoriesRegulatory

ED Investigates High-Rise Scam, Seizes Cash Linked to Official

HYDERABAD: The Enforcement Directorate (ED) has uncovered a series of questionable real estate transactions and seized Rs 72 lakh in unaccounted cash during investigations linked to the suspended HMDA director, Siva Balakrishna. The inquiry was triggered by an earlier FIR alleging illegal payments for the approval of a high-rise project by Udaya SSV Projects in Narsingi. This prompted the ED to carry out targeted searches, uncovering incriminating documents tied to several real estate deals and firms. The investigation is rooted in a disproportionate assets case initiated by the Anti Corruption Bureau. The latest searches took place on July 24 at…

Latest StoriesRera

Telangana RERA Penalizes Five Developers for Delays, Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (RERA) has recently imposed penalties on several real estate developers for infractions regarding the sale of villas, flats, and plots. The rulings were made between July 24 and 25, in response to complaints by dissatisfied consumers against five developers: Suvarnabhoomi Infra Developers Pvt Ltd (Banjara Hills), Maha Infra Developers (Kondapur), Edifice Projects Private Ltd (Jubilee Hills), 2getherments Infra Pvt Ltd, and Bhuvanteza Infraprojects Private Ltd. A complaint by B Suresh Goud and others against Suvarnabhoomi Infra and Maha Infra highlighted the failure to complete the Suvarna Sampada 2 project. Initial commitments required completion…