Tag: Hyderabad

IndustryLatest Stories

Land registration rates to surge in western Hyderabad

HYDERABAD: The Telangana government is targeting an additional revenue of approximately Rs 4,000 crore by revising land values for property registration, with plans to implement these changes by the end of May. The Registration and Stamps (R&S) department is preparing to increase land values by 20% to 100% across the state. According to sources within the R&S department, revenue from non-agricultural property registrations was Rs 15,200 crore in 2025-26, with an updated goal of Rs 19,000 crore anticipated to be met after land value revisions. Buyers will owe 6% in urban areas and 7.5% in rural regions for registration and…

Latest StoriesResidential

Hyderabad tops South India’s luxury market with ₹8,562 crore sales

Representative AI image NEW DELHI: In fiscal year 2026, Hyderabad recorded transactions totaling ₹8,562 crore for homes priced over ₹10 crore, establishing itself as the largest market for ultra-luxury housing in South India, as per a report by India Sotheby’s International Realty and CRE Matrix. The city surpassed Bengaluru significantly in terms of sales value. Bengaluru, however, achieved the fastest growth in this segment, with unit sales increasing by 52% year-on-year, rising from 84 units in the previous fiscal year to 128 units in FY26. The total transaction value in Bengaluru for this period reached ₹1,957 crore. The report noted…

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Telangana to Assume ₹5,000 Crore GHMC Debt

HYDERABAD: In a significant relief for the Greater Hyderabad Municipal Corporation (GHMC), which has struggled with debts for years, the state government has agreed to assume liabilities totaling Rs 5,000 crore. This decision is anticipated to strengthen the debt-laden municipal corporation financially. Most of these liabilities resulted from projects including flyovers under the Strategic Road Development Programme (SRDP), the Comprehensive Road Maintenance Programme (CRMP), stormwater drainage improvements, and various urban development initiatives. “After assessing the existing debts, liabilities, and assets, it was recommended that the state government take on these long-standing financial commitments. This initiative is aimed at relieving the…

Latest StoriesResidential

Indiramma Housing Phase II Coming Soon, Says Telangana Minister

HYDERABAD: Revenue and Housing Minister Ponguleti Srinivas Reddy announced on Sunday that the second phase of the Indiramma housing scheme will commence shortly. The state government is actively addressing issues related to sada bainama, prohibited land lists, and land records. During a ‘praja darbar’ event in Kusumanchi, Khammam district, he noted that many applicants were seeking Indiramma houses. “The overwhelming demand for Indiramma houses stems from the previous BRS government not fulfilling its promise to provide 2-BHK homes for the poor. They have let the people down on housing,” he stated. Reddy highlighted that the Congress government is directly transferring…

Latest StoriesRegulatory

Telangana HC Rebukes HYDRAA for Illegal Construction in Salkam Cheruvu

File photo HYDERABAD: The Telangana High Court has criticized HYDRAA for its alleged discriminatory actions regarding the demolition of structures and land fencing, even those currently under litigation. The court questioned why no action has been taken against the Barrister Fatima Owaisi Educational Campus, which reportedly stands in the Full Tank Level (FTL) area of Salkam Cheruvu in the Old City. Justice NV Shravan Kumar took note of the institution’s construction within the lake without the necessary approvals and mandated a comprehensive inquiry into the actions of officials who failed to act over the years. He directed the principal secretaries…

Latest StoriesResidential

Telangana to Allocate 2BHK Homes by End of May

HYDERABAD: Housing and Revenue Minister Ponguleti Srinivas Reddy has tasked officials with identifying and allocating double-bedroom houses to beneficiaries across Telangana by the end of May, regardless of construction status. In a review meeting, he underscored the urgency of completing near-finished houses and announced financial support of up to ₹5 lakh under the Indiramma housing scheme for those houses that are partially constructed. If contractors decline to finish the work, beneficiaries will be allowed to complete construction independently, with funding released through a green channel. Concerns were raised by various MLAs regarding ineligible occupants in the houses. The minister directed…

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Neo Alternative Asset Managers invests ₹300 crore in Hyderabad project

NEW DELHI: Neo Alternative Asset Managers (NAAM) has allocated ₹300 crore in structured debt financing for a residential project in Hyderabad’s Narsingi. The investment has been directed to VRise Developers for the ‘Atlantis at Narsingi’ project, which features eight high-rise towers, each with 45 floors, offering over 2,100 residential units in various configurations. The funds will primarily support construction and overall project execution. In a separate update, the company announced the first close of its Neo Infra Income Opportunities Fund II, successfully raising ₹1,500 crore towards a target of ₹5,000 crore. This fund aims to invest in operational, revenue-generating infrastructure…

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Omaxe to Invest ₹250 Cr in Lucknow Project; Brigade Buys Land in Hyderabad

NEW DELHI: Omaxe Garv Buildtech, a fully-owned subsidiary of Omaxe Group, plans to invest around ₹250 crore to develop a residential project named Omaxe Cassia along Raebareli Road in Lucknow. The project will feature eight towers with 2BHK and 3BHK apartments, projected to be completed in the next three years. In a separate regulatory announcement, Brigade Enterprises reported the acquisition of a 5.72-acre land parcel in Osman Nagar, Hyderabad, via an auction held by the Telangana Industrial Infrastructure Corporation (TGIIC). The land was purchased at a rate of ₹44 crore per acre, excluding registration fees, with plans to develop a…

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Revamp of Indiramma Housing Scheme: Telangana Minister

HYDERABAD: Housing and Revenue Minister Ponguleti Srinivas Reddy announced significant changes to the state’s flagship Indiramma housing scheme on Monday. The restructuring allows district collectors to have more authority in expediting housing approvals. He mentioned that special officers will be appointed for each undivided district to enhance cooperation between officials and elected representatives, aiming to eliminate ground-level obstacles. “Individuals who haven’t applied previously can now do so, and eligible candidates will receive housing approvals. District collectors are instructed to conduct weekly reviews with district housing officials,” he stated during a review meeting attended by ministers G Vivek and Jupally Krishna…

IndustryLatest Stories

Telangana Government Plans Land Value Revision Guidelines

Representative AI image HYDERABAD: Following the cabinet sub-committee’s request for the registration department to revise land values for property registrations, the registration and stamps (R&S) department has initiated guidelines for market value revisions. Sources indicate that the state government has yet to decide if the changes will apply statewide or just within Greater Hyderabad Municipal Corporation (GHMC), Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MCMC). Given the substantial disparity between current government land valuations and market rates, plans are underway to increase these values by 30% to 50% in certain areas. Official sources revealed that, after generating ₹15,200 crore…