Tag: Hyderabad

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…

IndustryLatest Stories

Telangana Launches e-Aadhaar Property Registration Pilot

HYDERABAD: The Registration and Stamps Department is set to launch e-Aadhaar-based property registration, aimed at expediting services, announced Revenue Minister Ponguleti Srinivas Reddy on Monday. The pilot project will be implemented at the sub-registrar offices (SROs) in Armoor and Kusumanchi. The minister highlighted various ongoing reforms, including a slot booking system for registrations that has proven popular. “In just the last two to three months, over 300,000 slots have been reserved across sub-registrar offices throughout the state,” he noted. The government also plans to establish integrated sub-registrar offices across Telangana. A new complex will soon be constructed in Gachibowli, where…

Latest StoriesResidential

Telangana CM to Handover Keys to Indiramma Beneficiaries Aug 21

HYDERABAD: Chief Minister A Revanth Reddy will officiate the key handover ceremony for Indiramma houses on August 21 (Thursday) at Bendalampadu village in Chandrugonda mandal, Bhadradri Kothagudem district. Housing Minister Ponguleti Srinivas Reddy hailed the event as historic, indicating that the CM will not only hand over keys but also perform the housewarming rituals for 27 houses in the village. Out of the 312 houses sanctioned in Bendalampadu, 72 have already been completed. Ponguleti conducted a review meeting on Monday concerning the preparations for the housewarming ceremonies, attended by CM Revanth. He alleged that the previous BRS government denied homes…

InfrastructureLatest Stories

Telangana Government Encounters Legal Hurdles for Future City

Representative image created by AI HYDERABAD: Nearly five months after the announcement of the Bharat Future City Development Authority (BFCDA), the Telangana government is facing legal challenges before advancing with this ambitious project. The primary obstacle is removing the Green Hyderabad Pharma City designation from approximately 20,000 acres in specific villages, which was originally acquired by the former BRS government for the Pharma City project but is now designated for the Future City. Legal clearance is essential before repurposing these lands for educational hubs, healthcare facilities, sports infrastructure, or other proposed developments, sources indicate. The BFCDA, established in March, covers…

IndustryLatest Stories

Telangana to Raise Property Registration Values After Deadlock

HYDERABAD: After a year of indecision and industry resistance, the state government has opted to revise market values—the official ‘government value’ for property registration—within the core urban area (CUR). This highly sought-after zone, which encompasses approximately 27 local bodies within the Outer Ring Road, is responsible for nearly 60% to 70% of the annual revenue from the registration and stamps department. The proposed increase is significant, ranging from 30% to 50% above current rates, with the intention of bridging the gap between official registration values and existing market prices. Once enacted, this initiative is projected to generate an additional ₹2,000…

Latest StoriesResidential

Telangana CM to Kick Off Indiramma Housing Ceremonies by August

HYDERABAD: In preparation for the upcoming panchayat elections, Chief Minister A. Revanth Reddy, alongside Housing Minister Ponguleti Srinivas Reddy, is set to inaugurate ‘gruhapravesam’ (housewarming) ceremonies for newly built Indiramma houses by the end of this month. The Chief Minister is expected to participate in a ceremony in the Bhadradri Kothagudem district, though the exact location is yet to be confirmed. Other ministers, MLAs, and prominent leaders will host similar events in their districts prior to the issuance of the panchayat poll notification. The Congress government has allocated ₹22,500 crore for Indiramma housing across all 119 assembly constituencies. “After a…

Latest StoriesRera

Telangana RERA Fines Googee Properties for Unregistered Sales

HYDERABAD: The Telangana Real Estate Regulatory Authority has fined Googee Properties Pvt. Ltd. ₹27 lakh for promoting and selling plots in their ‘satellite township’ at Nomula village in Ibrahimpatnam mandal, Rangareddy district, without the necessary project registrations or layout approvals. Following complaints from Sumalatha Kamireddy and others, TG RERA determined that the developer accepted significant advances from 12 buyers under a “pre-launch offer,” despite not having the proper statutory clearances. The Authority mandated that all sales and marketing efforts cease until the project obtains the required registration. Each complainant had reserved a residential plot of approximately 200 square yards through…

CommercialLatest Stories

ZS Leases 50,000 Sq Ft Office Space in Hyderabad

Representative image NEW DELHI: ZS, a global management consulting and technology firm, announced the opening of a new office in Hyderabad on Monday. This expansion aims to enhance its service capabilities for healthcare and life sciences Global Capability Centres (GCCs) in India. The new facility, spanning 50,000 sq ft at Raheja IT Park in HITEC City, is expected to accommodate around 550-600 employees, as stated by the company. According to ZS, the new office is part of its strategy to boost innovation and service capabilities for healthcare and life sciences GCCs in India, allowing the company to provide tailored, high-impact…

Latest StoriesRegulatory

Telangana HC Probes Alleged Illegal Builds at Nandagiri Hills

HYDERABAD: Justice K Lakshman of the Telangana High Court ordered the principal secretary of the Municipal Administration and Urban Development (MA&UD) Department to launch a thorough investigation into the alleged illegal constructions by M/s Net Net Ventures at Nandagiri Hills in Jubilee Hills. The ruling came in response to a petition from the Nandagiri Hills Cooperative House Building Society urging the Greater Hyderabad Municipal Corporation (GHMC) and other authorities to take action based on a Vigilance & Enforcement (V&E) report dated June 18, 2024, which pointed out significant building code violations by Net Net Ventures. Some notable violations include unauthorized…