Tag: Hyderabad

CommercialLatest Stories

India Office Leasing Reaches 24.6M Sq Ft in Q2 2026

Representative AI image NEW DELHI: According to a report by CBRE South Asia, India’s office market reported gross leasing of approximately 24.6 million sq ft in Q2 2026, while new completions for the quarter reached around 21 million sq ft. The report indicates that total office absorption rose by 18% quarter-on-quarter and 14% year-on-year in Q2 2026, with supply increasing 91% sequentially and 18% year-on-year. In the first half of 2026, office absorption totaled roughly 45.5 million sq ft, while supply was about 32 million sq ft. In Q2 2026, flexible space operators emerged as the leading occupier segment, representing…

Latest StoriesRegulatory

Telangana Unveils CURE Bill to Replace 1955 GHMC Act

HYDERABAD: The Telangana government has introduced the draft Core Urban Region (Integrated Governance) Bill, 2026 (CURE Bill), citing the Greater Hyderabad Municipal Corporation (GHMC) Act of 1955 as inadequate for the rapidly expanding metropolitan area. The government is now inviting suggestions and feedback from citizens, Resident Welfare Associations (RWAs), industry groups, professional organizations, and other stakeholders on the draft until July 24 via the official websites of the three municipal corporations in Greater Hyderabad. While many provisions of the GHMC Act are retained, the new legislation proposes numerous reforms aimed at governance, environmental sustainability, and public safety, addressing the needs…

Latest StoriesRegulatory

Telangana: Forensic Audit Reveals 22,000 Dharani Anomalies

HYDERABAD: A forensic audit has revealed approximately 22,000 anomalies during the examination of eight lakh Dharani (land) transactions from October 2020 to December 2024. Despite this finding, the state government remains uncertain about the officials and individuals involved in these transactions, which concern nearly 10,000 acres of land. The audit, conducted by the Kerala Security Audit and Assurance Centre (KSAAC), identified several suspicious transactions but lacked definitive evidence against those responsible due to alleged tampering of records, deletion of relevant online databases, and, in some instances, intervention at the Chief Commissioner of Land Administration (CCLA) office level. The irregularities were…

Latest StoriesRegulatory

Telangana HC asks HYDRAA, HMDA on three-year lake encroachment delay

HYDERABAD: The Telangana High Court on Thursday responded to allegations that authorities neglected encroachments and illegal constructions around Errakunta Lake, despite complaints over the past three years. The court has ordered the Hyderabad Disaster Response and Asset Protection Authority (HYDRAA) and the Hyderabad Metropolitan Development Authority (HMDA) to provide updates on measures taken to safeguard the water body. Justice B Vijaysen Reddy instructed both agencies to present their positions and announced an adjournment until July 16. The petition was brought forward by advocate Vijay Gopal, representing himself. He argued that HYDRAA displayed selective enforcement, claiming significant recoveries of government land…

Latest StoriesRegulatory

Telangana HC Denies Halt on 400-Acre Kukatpally Land Sales

HYDERABAD: On Wednesday, the Telangana High Court denied an interim relief to prevent the sale, registration, or alienation of over 400 acres of land in Kukatpally associated with GOCL Corporation, Hinduja Estates, Squarespace Infra City, Honor Homes, and other private entities. The court stipulated that any transactions related to these disputed properties would depend on the final ruling of the case. Justice NV Shravan Kumar instructed the state government and relevant departments to submit their official responses within three weeks and postponed the case for further hearings. The court’s decision follows a writ petition by businessman Chinthala Srinivas Reddy from…

IndustryLatest Stories

Mokila Plot Sale in Hyderabad Brings in ₹231 Crore for HMDA

Representative AI image HYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) achieved a record bid of ₹1.09 lakh per sq yard in its Mokila layout auction, conducted over two days. This highest bid more than doubled the government-fixed upset price of ₹50,000 per sq yard, enabling the authority to collect ₹231 crore from the sale of 100 residential plots. The HMDA carried out the e-auction in two phases, auctioning 50 plots each on Monday and Tuesday. Officials noted that while the peak bid reached ₹1.09 lakh per sq yard, the average bid was ₹75,640 per sq yard, underscoring strong demand for…

CommercialLatest Stories

TEC Leases 19K sq ft to Forescout; WeWork Adds 536 Desks in Hyderabad

Sure! Here’s a rewritten version of the content you provided: NEW DELHI: The Executive Centre (TEC) has secured a lease for approximately 19,000 sq ft of office space at its location in Panchshil Business Park, Balewadi, Pune, for Forescout Technologies. This space is designed to accommodate around 200 workstations. Forescout has been a client of TEC since 2022, initially starting in a 50-seat workspace. The newly expanded office features a dedicated reception area, multiple meeting rooms, private cabins, a training room, open workstations, collaborative zones, and a town hall area. In a separate development, WeWork India Management has signed an…

Latest StoriesResidential

Telangana Housing Minister: 2BHK Homes for Musi Oustees

HYDERABAD: Telangana’s revenue and housing minister, Ponguleti Srinivas Reddy, has instructed officials to allocate 2 BHK homes to families displaced by the Musi rejuvenation project. He emphasized that the state government is committed to providing lawful compensation and necessary rehabilitation for those who relinquish their lands. Srinivas Reddy convened a review meeting regarding the Musi project’s rehabilitation and land acquisition in the Secretariat on Monday. “Our vision is to restore the Musi River as part of a broader ambition to elevate Hyderabad into a world-class city, transforming the river into a center for tourism, employment, and economic progress,” he noted.…

Latest StoriesResidential

Cyberabad’s Co-Living Spaces Experience Rapid Growth

HYDERABAD: As housing rentals rise consistently, the western corridor has become a popular area for co-living spaces, experiencing a tenfold growth in the past four years. According to the IT Corridor Hostels Association, Hyderabad saw its co-living facilities surge from about 20 during the pandemic to over 250 today. This increase is largely due to shifting accommodation preferences among young professionals, with over 90% located in key IT hubs like Gachibowli, Hitec City, Kondapur, Kukatpally, and Miyapur. Transitioning from PGs to co-living spaces Co-living spaces now constitute nearly 5% of around 4,500 hostels serving both men and women in the…

IndustryLatest Stories

Hyderabad Societies’ Land Trapped in Long-Lasting Legal Dispute

HYDERABAD: The highly desired neighborhoods of Banjara Hills, Jubilee Hills, and the adjacent Shaikpet mandal continue to grapple with long-standing land disputes. Housing societies and private landowners are embroiled in legal confrontations with the state government. What started decades ago has transformed into a complicated web of conflicting claims, fraudulent survey numbers, and unresolved land records, leaving thousands of acres in litigation. Officials estimate that approximately 2,000 acres in the Hyderabad district are disputed, with societies and individuals asserting ownership over land designated as state property. Revenue authorities recognize that inconsistencies in records, inadequate boundary delineation, and outdated surveys have…