Tag: Hyderabad

Latest StoriesRegulatory

ED Arrests Ex-Director of Sahiti Infratech in ₹800 Crore Case

HYDERABAD: The Enforcement Directorate’s Hyderabad unit has arrested Sandu Purnachandra Rao, the former director of Sahiti Infratec Ventures India Pvt Ltd (SIVIPL), under the Prevention of Money Laundering Act (PMLA) for allegedly defrauding homebuyers of crores of rupees. Rao was taken into custody on Monday and presented before a special PMLA court in Nampally on Tuesday, where he was remanded to 15 days of judicial custody. Sahiti Infra is charged with defrauding homebuyers of approximately ₹360 crore. The ED initiated its investigation following an FIR filed by Telangana Police against SIVIPL, its managing director B. Lakshminarayan, and others, highlighting a…

IndustryLatest Stories

Abhishek Kapoor Named New CEO of My Home Constructions

NEW DELHI: My Home Constructions, a subsidiary of the My Home Group based in Hyderabad, has announced the appointment of Abhishek Kapoor as the new chief executive officer (CEO), effective immediately. Kapoor recently resigned as group CEO and executive director at Puravankara. “Our goal is to strengthen My Home’s footprint in Bengaluru, Chennai, and Mumbai through innovative products and exceptional customer service,” Kapoor stated. He will be responsible for driving the company’s growth strategy, focusing on business development, land acquisition, sales and marketing, strategic partnerships, and operational execution. My Home Constructions currently has over 50 million sq ft of construction…

CommercialLatest Stories

Microsoft Leases 2.64 Lakh Sq Ft Office in Hyderabad for ₹5.4 Cr/Month

BENGALURU: Microsoft India (R&D) has finalized one of the largest office lease agreements in Hyderabad this year, securing 264,000 sq ft in the city’s financial hub. According to a registered lease document shared by Propstack, the tech giant has inked a new five-year lease with workspace provider Table Space Technologies, with the agreement set to commence on July 1, 2025. The deal encompasses the third and fourth levels of the building, with a total chargeable area of 264,000 sq ft. Microsoft will pay a base monthly rent of ₹1.77 crore at a rate of ₹67 per sq ft, while the…

Latest StoriesRera

Telangana RERA Halts R Homes Project for Norm Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated that R Homes Infra suspend its project, Jai Vasavis Bliss Heights, located in Yamnampet, Ghatkesar. The promoter is instructed to halt all marketing and sales activities immediately due to 11 complaints, including one from Narasimhula Upendra of Hanumakonda, which allege misrepresentation and violations of the Real Estate (Regulation and Development) Act. The complaints assert that R Homes collected significant funds from prospective buyers during the pre-launch phase by making misleading claims regarding project registrations. Allegedly, the promoter executed 10 agreements prior to receiving RERA registration, in violation of Section…

InfrastructureLatest Stories

Hydraa Reclaims ₹400 Crore Prime Land in Madhapur

Representative image created by AI HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (Hydraa) reclaimed a valuable 16,000 sq yard (approximately 3.3 acres) parcel of land worth Rs 400 crore in the city’s prestigious IT corridor on Thursday, a decade after it was reportedly encroached upon by a businessman. Located near the Hitex arch in Madhapur, this plot had been illegally occupied by a private individual who built a restaurant on it and encroached upon an adjacent road with hoardings, according to officials. During a demolition operation on Thursday, the Hydraa team dismantled part of the eatery as well…

IndustryLatest Stories

Hyderabad to Auction 93 Plots Starting September 17

HYDERABAD: After a two-year hiatus, the Hyderabad Metropolitan Development Authority (HMDA) is resuming its land auctions, releasing 93 open plots across different city areas. The three-day e-auction is scheduled for September 17, 18, and 19, as announced by the authority on Wednesday. Among the total plots, 70 are situated in the Bachupally HMDA layout, with additional plots found in Turkayamjal (12), Kokapet (4), Poppalguda (4), Chandanagar (4), Bairagiguda (4), and Medchal Malkajgiri (7) encompassing Gandi Maisamma, Suraram, and Medipally. Officials disclosed that the highest upset price is set at ₹1.75 lakh per square yard for a large plot measuring 8,591…

IndustryLatest Stories

Godrej Properties Buys 7.8 Acres in Hyderabad for ₹547.75 Cr

Representative image created by AI NEW DELHI: Godrej Properties (GPL) has secured the highest bid for a 7.825-acre land parcel in Kukatpally Housing Board (KPHB), Hyderabad. The e-auction was conducted by the Telangana Housing Board (TGHB) specifically for residential group housing. GPL acquired the land for ₹547.75 crore, as confirmed by the bid status notification from the e-auction facilitator MSTC. The acquired land is projected to generate an estimated revenue of ₹3,800 crore from premium residential apartments of various configurations. Published On Aug 21, 2025 at 09:23 AM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter…

Latest StoriesRegulatory

Telangana HC Calls for Quick Resolution of FTL and Buffer Zone Disputes

HYDERABAD: The Telangana High Court emphasized the pressing need for a comprehensive approach to resolving disputes surrounding full tank level (FTL), buffer zones, and canals throughout the state. The court insisted that all pending petitions be addressed in a unified manner, and any necessary land acquisition should strictly adhere to government directives. The court expressed dissatisfaction over the years of delays, questioning the effectiveness of officials who allowed these issues to persist unaddressed. It highlighted the contradictory situation where revenue authorities issue land ownership documents while irrigation officials designate the same parcels as water flow paths, FTL, or buffer zones.…

IndustryLatest Stories

Farmlands Fuel Illegal Real Estate Deals near Hyderabad

Representative image created by AI HYDERABAD: The increase in land prices around Hyderabad has led to a surge in the illegal sale of government-assigned lands, particularly in Rangareddy, Medchal, and Vikarabad districts. While these lands are designated for agricultural use and cannot be transferred legally, thousands of acres are being sold, with assignees reportedly selling to real estate developers for layouts, gated communities, villas, and apartment projects. This provides quick cash for assignees and cheaper land for developers compared to the market. Officials acknowledge it’s mutually beneficial. Flagrant Violations For instance, in Mankhal village, assignees entered into an illegal agreement…

IndustryLatest Stories

Hyderabad Auction Today: 7.5 Acres Expected to Fetch ₹500 Crore

Representative image created by AI HYDERABAD: The Telangana Housing Board is set to auction over 7.5 acres of prime land located in the Kukatpally Housing Board (KPHB) colony on Wednesday, anticipating nearly 500 crore in revenue from the sale. The starting price has been set at 40 crore per acre, with the e-auction scheduled to begin at 3 PM. Alongside this, 618 unfinished 3BHK flats in high-rises of nine and twelve stories at Pocharam and Gajularamaram will also be auctioned this Wednesday. The board’s confidence in achieving close to 500 crore stems from previous e-auctions, where a single quarter of…