Tag: Hyderabad

Latest StoriesRegulatory

Telangana HC Queries HYDRAA on Unnotified Kokapet Demolitions

HYDERABAD: The Telangana High Court challenged HYDRAA regarding the demolition actions taken at ZRESTA Villas in Kokapet, which were conducted without prior notice. Interim orders were issued to maintain the status quo. Justice Nagesh Bheemapaka, during a hearing of a house motion from the petitioners, deemed it inappropriate to demolish structures without notice, especially when the land was under litigation. According to the petitioners, the ZRESTA Villa Owners Maintenance Mutually Aided Cooperative Society, claims that HYDRAA personnel unlawfully entered the property on May 26 and removed the compound wall unexpectedly. In response to the demolition, the petitioners submitted a house…

IndustryLatest Stories

Telangana: Raidurg Land Rakes in ₹5,000 Crore in 8 Months

HYDERABAD: In just eight months, a two-square-kilometre area in Raidurg—Hyderabad’s Knowledge City—has generated over Rs 5,000 crore for Telangana, emerging as the state’s prime real estate destination. The Telangana Industrial Infrastructure Corporation (TGIIC) has propelled this significant revenue surge through multiple high-value land auctions, further solidifying Raidurg’s position as a crucial income generator for the state government. Officials call the 439-acre region a “gold mine,” attracting IT firms, corporate giants, and notable institutions such as T-Hub and T-Works, all benefiting from the area’s premium location. Its proximity to the international airport and strong connectivity have enhanced its attractiveness. The Congress…

IndustryLatest Stories

Record Land Auction in Raidurg: 1 Acre Sells for ₹237 Crore

Representative Image HYDERABAD: In a record-breaking e-auction held by the Telangana State Industrial Infrastructure Corporation (TSIIC) on Thursday, an acre of land in Raidurg was sold for an astonishing Rs 237 crore. This sale surpassed previous records, with Gowra Ventures Pvt Ltd acquiring 6.29 acres for the development of an IT office tower and mixed-use projects. Earlier, the TSIIC had auctioned a parcel in October 2025 in the same area for Rs 177 crore per acre. The recent bid exceeded the reserved price of Rs 139 crore by 70%, resulting in approximately Rs 1,490 crore for the state government. The…

InfrastructureLatest Stories

Hyderabad Faces Severe Groundwater Crisis: Report Reveals

Representative AI image HYDERABAD: Hyderabad has become India’s most severely affected metro in terms of groundwater depletion, according to the Dynamic Groundwater Resource Assessment Report 2025 published by the Union Ministry of Jal Shakti. It surpasses even Delhi and Mumbai, which are larger urban centers. Within Greater Hyderabad, 26 mandals and tehsils—areas which include parts of Rangareddy and Medchal-Malkajgiri districts—are categorized as “critical” or “over-exploited” in groundwater extraction, the highest of any major Indian city. For comparison, Delhi has 21 such units despite a population of 3.3 crore, nearly three times that of Hyderabad. Bengaluru, a city similar in size,…

InfrastructureLatest Stories

Telangana secures ₹13,600 crore refinancing for Hyderabad Metro

HYDERABAD: On Monday, the Telangana government secured a refinancing agreement worth ₹13,600 crores from the Indian Railway Finance Corporation (IRFC) for the Hyderabad Metro Rail Project. The agreement was signed in Delhi by officials from IRFC, L&T Metro Rail (Hyderabad) Ltd, and Hyderabad Metro Rail Ltd (HMRL). Chief Secretary K Ramakrishna Rao, who was present at the signing, stated that this refinancing would significantly alleviate financial pressures on the Hyderabad Metro Rail project, enhancing its long-term economic viability, according to a government release. This initiative is aimed at reducing the current debt and facilitating future expansion of the metro system.…

IndustryLatest Stories

HDFC Bank Funds ₹300 Crore Luxury Housing in Hyderabad

NEW DELHI: HDFC Bank has allocated Rs 300 crore towards an ultra-luxury residential project in Kokapet, Hyderabad, as developers seek structured financing in response to a cooling housing market and an increasing demand for high-end homes. This investment will facilitate the completion of the project, which has a gross development value of Rs 2,000 crore and is being developed by DE Blue Oak and P Mangatram. Transaction advisor CBRE has opted not to comment. Recently, there has been a surge in funding within the residential real estate sector as developers look for credit options amid a dip in sales. “There…

Latest StoriesResidential

Hyderabad’s Western Corridor Could See Rise in Property Registrations

HYDERABAD: If the Telangana government accepts new recommendations from the revenue department, property registration rates in the upscale western corridor could see an increase of nearly four times. Sources indicated to the TOI that the revenue department has suggested revised registration values ranging from Rs 50 crore to Rs 55 crore per acre for regions like Raidurg and Gachibowli, in contrast to the current rates of Rs 11.32 crore to Rs 13.85 crore per acre. The state government is yet to finalize whether to implement these recommendations fully or limit the increase to around 100%. Even a 100% hike would…

CommercialLatest Stories

Telangana CM Orders Officials to Create GCC Policy

File Photo HYDERABAD: On Wednesday, Telangana Chief Minister A. Revanth Reddy directed officials to develop a robust Global Capability Centres (GCC) policy aimed at encouraging companies to set up operations outside the Hyderabad Core Urban Regional Economy (CURE) area. As per the announcement, he urged governmental support for new GCCs to be established along highways in Nizamabad, Karimnagar, and Warangal, which are situated between CURE and beyond CURE areas. The Chief Minister, in collaboration with Minister D. Sridhar Babu, conducted a review meeting concerning various aspects of the IT and Industries departments. This meeting was attended by Chief Secretary K.…

InfrastructureLatest Stories

Union Minister: Centre Open to 50:50 Funding for Hyderabad Metro II

HYDERABAD: Union Coal Minister G Kishan Reddy announced on Wednesday that the Centre is generally agreeable to participating in the second phase of the Hyderabad Metro project, sharing costs with the state government on a 50:50 basis. During a review of key development projects in Hyderabad with Union Minister for Housing and Urban Affairs Manohar Lal in Delhi, Reddy was informed by Lal that the Centre would consider the state government’s proposal for the 162-km second phase positively. Lal also mentioned that a final decision would be made once the Detailed Project Report (DPR) and other technical details are received…

Latest StoriesRera

Telangana RERA Chairman N Satyanarayana Resigns for Health Reasons

HYDERABAD: N Satyanarayana, Chairman of the Telangana Real Estate Regulatory Authority, has stepped down due to health issues stemming from prolonged bench hearings and administrative duties. He reported that daily hearings lasting up to five hours have led to severe back pain and other health complications, necessitating ongoing physiotherapy and medical care in recent weeks. “While resigning is difficult, it is necessary for my health,” Satyanarayana told PTI, calling his role as TG-RERA Chairman one of the most demanding yet rewarding experiences of his four-decade public service career. Throughout his three years in office, the retired IAS officer noted that…