Tag: Hyderabad

Latest StoriesRegulatory

Hyderabad: EOW probes Saket Engineers for villa fraud

HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated legal action against Saket Engineers, a real estate company that developed villas and flats near Kompally, following allegations of fraudulent practices involving mortgaging occupied properties as ‘unsold inventory’ to secure a 30 crore loan. The case, registered on May 12, stems from a complaint by A Rohit Reddy, a resident of Gowdavalli in Medchal-Malkajgiri district. Rohit claims that the company’s directors unlawfully mortgaged his villa number 94. He asserts that the land for the real estate project originally belonged to his family, and they entered a development agreement with Saket Engineers…

IndustryLatest Stories

Hyderabad: Thorrur Plot Auctions for ₹45,000 per Sq Yard

Representative image HYDERABAD: The recent auction of open plots in Thorrur and Bahadurpally garnered significant interest, with bids reaching Rs 45,500 per square yard in Thorrur and Rs 40,500 in Bahadurpally. The Rajiv Swagruha Corporation held an auction for 85 open plots across various locations on Monday. Of these, 66 were auctioned in Thorrur, 11 in Kurmalguda, and eight in Bahadurpally, attracting around 150 bidders. VP Gautam, managing director of the corporation, noted that the auctions were well-received. Given Thorrur’s proximity to the Outer Ring Road and the Adibatla IT corridor, some bids reached as high as Rs 45,000 per…

CommercialLatest Stories

Table Space adds 5 lakh sq ft in Hyderabad; TEC expands 4.65 lakh sq ft in South India

Sure! Here’s a rewritten version of the content: NEW DELHI: Table Space, a flexible workspace provider, has significantly expanded its Hyderabad presence with an addition of over five lakh sq ft of managed office space in HITEC City and Kokapet. The company has secured a lease for four lakh sq ft at Grava Business Park to offer managed workspaces and ready-to-occupy suites. Additionally, they have leased 50,000 sq ft at K. Raheja Mindspace IT Park, conveniently located near the Raidurg Metro Station, and 48,000 sq ft at Aparna Technopolis near the HITEC City Metro Station. In other news, The Executive…

Latest StoriesResidential

Secunderabad: RWAs call for CCTV and security audits in gated areas

HYDERABAD: Representatives from the United Federation of Resident Welfare Associations met with Secunderabad’s additional deputy commissioner of police, J. Narsaiah, on Thursday to discuss improving safety for women and senior citizens while upholding the dignity of domestic workers. During the meeting, the delegation presented a memorandum suggesting several measures, such as mandatory police verification for domestic workers, drivers, and other household staff, installation of digital gate management systems in gated communities, CCTV surveillance in common areas, annual security audits, and awareness programs for residents. The representatives noted the need for verified databases of domestic workers and service personnel in residential…

CommercialLatest Stories

Grade-A Office Absorption Up 5% to 13.5M Sq Ft in Q1 2026

NEW DELHI: In Q1 2026, net absorption of grade-A office space in India’s top seven cities reached 13.5 million sq ft, reflecting a 5% increase from 12.9 million sq ft in the same period last year, as reported by Anarock Research & Advisory. Bengaluru led the way with a remarkable net absorption of 4.77 million sq ft, a 67% rise compared to 2.85 million sq ft in Q1 2025. Hyderabad followed closely with 2.95 million sq ft, marking a 64% year-on-year increase, while Chennai saw an absorption of 1.05 million sq ft, a 50% uplift. Kolkata also experienced growth, recording…

Latest StoriesRegulatory

Hyderabad Builder in Trouble for Mortgaging Villa Without Consent

HYDERABAD: A villa owner in a gated community near Kompally has filed a police report claiming her property was unlawfully mortgaged by the builder in October 2025, falsely presenting it as unsold. The Medchal police have opened a case against the real estate developer and the private firm that allegedly provided a loan based on this mortgage. The complainant, Anitha Vittal, who is a senior corporate executive, alleged that numerous other properties developed by the builder, including a venture for senior citizens, were also mortgaged without consent in the same deed to secure loans in 2025. Anitha discovered the fraud…

CommercialLatest Stories

Uber secures 900,000 sq ft Hyderabad office in 10-year lease

Ride-hailing company Uber has secured over 9 lakh sq ft of office space across 10 floors in Hyderabad’s commercial corridor, committing approximately Rs 839 crore in a long-term lease that spans 10 years. This transaction is among the largest office leasing agreements in India, highlighting the ongoing growth of global capability centers (GCCs) and technology firms in Hyderabad’s real estate market. Uber India Systems has leased around 901,115 sq ft of chargeable office area occupying floors 11 to 20 in Tower 1 of Meenakshi Eco Park, a commercial project by Meenakshi Infrastructures. The lease officially began on January 9, 2026.…

Latest StoriesResidential

Millenia WB Yield Fund Invests ₹41 Crore in Hyderabad Villas

WhiteBoard Advisory & Management (WB) and Casagrand have received SEBI approval to raise ₹500 crore for their jointly established Millenia WB Yield Fund, aimed at providing growth capital for residential projects. The fund has already committed ₹41 crore for a villa project in Hyderabad targeting ₹400 crore in revenue. Capital raised will focus primarily on developing projects in Chennai, Bangalore, Hyderabad, and select other locations. The fund offers yield-based returns to investors, leveraging WB’s investment expertise and Casagrand’s proven execution and sales track record. Founded in 2022 by Anchit Lakhotiya and Sanjay Ratra out of Mumbai, Whiteboard Advisors acted as…

Latest StoriesRegulatory

Hyderabad: Two Firms Accused of Duping 40 Investors of ₹39 Crore

HYDERABAD: The Economic Offences Wing (EOW) of Cyberabad police has initiated a cheating case against the directors and partners of two private firms. The individuals are accused of defrauding over 40 investors of more than Rs 39 crore in a proposed villa project in Pocharam, Patancheru mandal. The complaint was filed by O Venkata Koteswara Rao, a 49-year-old IT employee from Miyapur. He alleges that R Srikanth Reddy, director of RSR Greenway Infra, along with his wife and co-director Rajeswari, and partners of Suryodaya company, Swamy Reddy and Reddy Sharadha, deceived him and 41 other investors. According to Rao, in…

IndustryLatest Stories

TGIIC to Auction 11 Acres in Raidurg at ₹139 Crore/Acre

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) is preparing for a new land auction in Raidurg Panmaktha (Knowledge City), with a record upset price set at Rs 139 crore per acre. Officials estimate that the government could generate around Rs 2,000 crore from the sale of approximately 11 acres. TGIIC announced the auctions on Thursday. One plot, identified as survey no 83/1 and measuring 6.29 acres, will be auctioned on May 28, while another plot of 5.09 acres from the same survey number will be sold on June 1. In October 2025, a previous auction achieved…