Tag: Hyderabad

Latest StoriesRegulatory

Builder Charged for Cheating Homebuyers in ₹24 Crore Project

Representative AI image HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated a criminal case against a real estate company and its directors for reportedly collecting significant sums from homebuyers without delivering apartments or securing necessary approvals for a residential project in Puppalaguda. The case was filed against Pranith Koncepts Private Limited and its directors following a complaint from A Harshavardhan Reddy, a worker at a private firm in Champapet. According to the complaint, Harshavardhan discovered the Pranith Ambience project in September 2023 and visited the Puppalaguda site, where the company was working on a residential complex consisting of seven…

Latest StoriesRegulatory

Telangana HC Aids Doolapally Residents in Fox Sagar Dispute

HYDERABAD: On Friday, the Telangana High Court instructed the state government not to take any coercive actions against homeowners in Doolapally regarding claims that their homes are located within the Full Tank Level (FTL) area of Fox Sagar Lake. This directive was issued by Justice B. Vijaysen Reddy while considering a lunch motion petition filed by the affected homeowners contesting two government orders from July 7. Further hearings are scheduled for July 27. The petitioners, who built their homes after securing necessary permissions and occupancy certificates, challenged the government’s revocation of orders from 2019 and 2023 that reclassified the land…

Latest StoriesRegulatory

Telangana HC Blocks GHMC Demolition of Somajiguda BLISS Project

HYDERABAD: The Telangana High Court provided temporary relief to Pradeep Constructions on Wednesday, instructing the GHMC to refrain from taking any coercive action against the BLISS residential project in Somajiguda until July 23. Previously, the civic body issued notices on July 7, claiming that the residential project’s multi-storied buildings were constructed within the full tank level (FTL) of Hussainsagar and that permissions were obtained by withholding pertinent information. The GHMC proposed the demolition of the high-rise structures. Justice Pulla Karthik has scheduled the next hearing for July 23 and directed the authorities involved to submit their responses to the case.…

Latest StoriesRegulatory

Pradeep Constructions contests GHMC notice in Telangana HC

HYDERABAD: Pradeep Constructions has filed a petition with the Telangana High Court against a GHMC show-cause notice that seeks to revoke its building permissions for a high-rise residential project in Somajiguda, which is allegedly situated within the Full Tank Level (FTL) of the Hussainsagar Lake. The managing partner, B Pradeep Reddy, argues in his petition that the notice is illegal, arbitrary, lacks jurisdiction, and relies on unverified evidence. Justice B Vijaysen Reddy, who presided over the case on Tuesday, instructed that the hearing be scheduled before the appropriate bench. Earlier this month, GHMC issued a show-cause notice regarding a 17-floor…

Latest StoriesResidential

Hyderabad Housing Sales Up 1% to 19,249 Units in H1 2026

NEW DELHI: In the first half of 2026, Hyderabad saw housing sales of 19,249 units, reflecting a 1% year-on-year increase, as reported by Knight Frank India. New launches decreased by 2% year-on-year to 20,466 units in this period. The report indicates that this slowdown is attributed to a more cautious approach from developers, amid stricter regulations, including the implementation of HYDRAA. The average residential prices increased by 7% year-on-year to ₹8,258 per sq ft in H1 2026, compared to ₹8,200 per sq ft in 2025. Knight Frank noted that the demand for housing in Hyderabad is largely driven by end-users,…

CommercialLatest Stories

India Office Leasing Falls 2% to 48M Sq Ft in H1 2026

Representative AI image NEW DELHI: In the first half of 2026, office leasing in India’s top eight cities reached 48 million sq ft, representing a slight two percent decline compared to the previous year, according to Knight Frank India. However, supply additions surged by 35 percent year-on-year, totaling 27.1 million sq ft during this period. The total office stock in these markets increased to 1,054.6 million sq ft, marking a six percent annual growth. Vacancy rates remained relatively stable, dipping slightly by 12 basis points year-on-year to 14.6 percent in H1 2026. Bengaluru led the office leasing market with 14.1…

CommercialLatest Stories

Hyderabad Office Leasing Up 29% to 7.5M Sq Ft in H1 2026

NEW DELHI: In H1 2026, Hyderabad’s office transactions reached 7.5 million sq ft, marking a 29% increase compared to the previous year, as reported by Knight Frank India. This marks the highest leasing volume for Hyderabad in the first half of a year, and the second-highest total transaction volume following H2 2019. Office completions surged by 111% year-on-year, totaling three million sq ft during this period, while the overall office stock in Hyderabad increased to 129.1 million sq ft, up by 5% year-on-year. Despite a rise in supply, vacancy rates decreased by 296 basis points to 11.5%. The average transacted…

Latest StoriesRegulatory

Telangana HC Resolves 17-Year Dispute, Orders 2BHK for Bhimrao Bada

HYDERABAD: In a significant conclusion to a 17-year long legal dispute, the Telangana High Court has mandated the state government to allocate 2BHK homes to families displaced from the Bhimrao Bada slum in Nampally. This decision brings much-needed relief to residents who allege they were forcibly evicted following the revocation of the area’s slum designation in 2008. Justice S Chalapathi Rao issued this ruling in January of this year, which has only recently come to public knowledge, while addressing a petition from K Bharati and 70 other residents of Bhimrao Bada. The court has stipulated that each petitioner must be…

IndustryLatest Stories

SBI Accepts Alternate Plots After Raidurg Land Dispute Resolution

Representative image HYDERABAD: The ongoing dispute between the Telangana government and the State Bank of India (SBI) over a prime five-acre parcel in Raidurg’s Knowledge City is nearing resolution, as the SBI board has approved the government’s offer of alternative land. This approval paves the way for the likely withdrawal of the pending case before the Telangana High Court, removing a significant obstacle related to one of the city’s most valuable land parcels. Government sources revealed that the SBI board approved the proposal during a meeting on June 30, and the official resolution should reach local bank officials in the…

CommercialLatest Stories

Nestlé to Establish GCC Operations in Hyderabad

Representative AI image NEW DELHI: Nestlé Business Solutions (NBS), the shared services division of Nestlé Group, is set to establish a global capability centre (GCC) in Hyderabad, as per the company’s announcement. The centre will operate under Nestlé Business Services India in collaboration with Genpact. The Hyderabad GCC aims to bolster Nestlé’s global business services network by providing diverse services across various regions. It will integrate domain knowledge, process intelligence, data handling, artificial intelligence, automation, and digital operations capabilities. Luca Fichera, the head of the company, noted that Hyderabad was chosen for its robust technology ecosystem, infrastructure, and status as…