Tag: Hyderabad

CommercialLatest Stories

TGSRTC Offers 694 Commercial Leases Across Telangana

HYDERABAD: The Telangana State Road Transport Corporation (TSRTC) is taking a significant step to broaden its revenue sources by leasing out 694 vacant commercial spaces statewide. This initiative represents one of the corporation’s largest efforts in commercial monetization in recent years. The vacant shops and commercial complexes situated at bus stations, depots, and transport hubs will be allocated through a transparent tender process. Information about all available commercial spaces has been made accessible on the corporation’s official website. TSRTC Managing Director Y. Nagi Reddy stated, “With millions of commuters passing through RTC bus stations daily, we believe our commercial properties…

Latest StoriesResidential

Hyderabad Homebuyers in Limbo as 60,000 Flats Miss Deadline

Representative Image HYDERABAD: A significant number of homebuyers in Hyderabad face further delays in receiving their long-awaited homes, with deliveries pushed back by at least one more year due to disruptions in supply chains and logistics resulting from ongoing conflicts in the Middle East. According to Anarock Group, around 63,000 housing units planned for handover this year have been delayed, representing nearly 10% of the nation’s backlog in housing deliveries. Many buyers, who invested in their apartments four to five years ago, had expected to move in by late 2025 or early 2026. However, developers are now citing delays due…

Latest StoriesRera

Telangana RERA Stops Developer from Selling Flats, Orders ₹15L Refund

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has prohibited a property developer from advertising, marketing, booking, or selling units or accepting further payments for the ‘Jai Vasavis ORR Heights’ project until further notice. The authority has also mandated that the developer refund ₹14.9 lakh to the complainant, Chilakalapudi Venkateshwara Rao, with an annual interest of 10.7% calculated from the payment dates, within 60 days of receiving the order. Rao, a Ghatkesar resident, lodged a complaint against the developer on June 22. The buyer alleged misleading claims regarding project approvals. Rao stated that he invested in a residential unit for…

Latest StoriesRegulatory

Telangana HC Delays Hearing; Hakimpet Auction Stalled

Telangana High Court HYDERABAD: The Telangana High Court has postponed the hearing on a series of petitions contesting the e-auction of an 8.24-acre land parcel in Hakimpet, Banjara Hills, effectively pausing the auction process. The auction was initially set for June 19, but was delayed to July 2 due to claims of ownership raised by certain parties in the High Court. During the hearing, Justice NV Shravan Kumar ordered the appointment of two advocate commissioners, one representing the petitioners and the other for the state government. “They are to inspect the lands and submit a report to the court,” stated…

IndustryLatest Stories

Medipally Auction by Hyderabad Body Nets ₹120 Crore Amid Demand

HYDERABAD: The recent land auction by the Hyderabad Metropolitan Development Authority in the Medipally layout garnered a strong response, with the sale of 68 plots bringing in almost ₹120 crore on Wednesday. Bidding exceeded the reserve price of ₹45,000 per square yard, reaching as high as ₹80,000 per square yard. The average bid landed at ₹56,260, highlighting the increasing demand for HMDA-developed areas. As part of a phased auction process, further plots in Mokila, Chandanagar, Bairagiguda, Narsingi, and Bowrampet will be sold by June 30. However, the auction faced challenges, including a Telangana High Court order that temporarily halted the…

Latest StoriesResidential

PG Hostel and Bar Penalized for Fire Safety Violations in Hyderabad

HYDERABAD: The Telangana fire department has issued notices to a bar in Madhapur and a paying guest hostel in Kondapur for violating the Fire Services Act after inspections revealed inadequate firefighting equipment. During the inspections of Sky100 Kitchen and Bar on the seventh floor of Excello Building in Madhapur, and Venkateshwara Coliving & PG Hostel at Marthanda Nagar in Kondapur, officials assessed the functionality of firefighting systems, emergency exits, and other fire safety protocols. “The inspection team found that required equipment was missing, which raises concerns about readiness in case of a fire,” stated district fire officer-I, Rangareddy, Khaja Kareemulla.…

Latest StoriesRegulatory

Telangana HC: GHMC can’t unilaterally cancel sale deed

HYDERABAD: The Telangana High Court has ruled that a registered sale deed cannot be unilaterally canceled, thereby nullifying a cancellation deed issued by registration authorities, while also affirming the rejection of a land regularization application related to the contested property. Justice Laxmi Narayana Alishetty presided over two interconnected writ petitions filed by 60-year-old Kanneti Kamalamma from Kukatpally, who is asserting her ownership over a 287-square-yard plot in Guttalabegumpet, Serilingampally. The court ruled in favor of Kamalamma regarding the deed cancellation challenge but clarified that authorities still retain the right to revoke the original sale deed as per legal procedures. The…

IndustryLatest Stories

Legal Disputes Shadow Telangana’s High-Value Land Auctions

Representative image HYDERABAD: Land auctions in Telangana are increasingly becoming battlegrounds in court, with disputes arising just before or after the sale of valuable plots. From record bids in Raidurg to extensive legal disputes in Kokapet, government agencies are grappling with legal obstacles that threaten their revenue-generating efforts. The Hyderabad Metropolitan Development Authority (HMDA) and the Telangana Industrial Infrastructure Corporation (TGIIC), responsible for managing these auctions, acknowledge that the challenges are intensifying. The recent Raidurg auction, which saw TGIIC achieve an unprecedented ₹237 crore per acre, faced an immediate setback when the State Bank of India petitioned the high court…

InfrastructureLatest Stories

Telangana Acts Against Illegal Construction and Dumping

HYDERABAD: In a bid to tackle the growing issue of illegal dumping of construction and demolition (C&D) waste amid swift urban expansion, the state government has tightened regulations on construction activities across three municipal corporations in the central urban area. As per the latest government order (GO), the state will restrict the issuance of No Objection Certificates (NOCs) and approvals for construction projects unless developers adhere to strict C&D waste management guidelines. Under the new regulations, any approval for buildings, layouts, or demolition activities will require a mandatory undertaking against illegal dumping, proof of partnership with authorized C&D waste recyclers,…

CommercialLatest Stories

Tech Mahindra Leases 400,000 Sq Ft Office in Hyderabad

Tech Mahindra Ltd has secured nearly 400,000 sq ft of office space in Hyderabad through a long-term lease, marking one of the year’s largest office leasing transactions in the city. This move underscores the persistent demand for premium workspaces among tech companies. The IT services giant has leased the entire 12th, 13th, 14th, and 15th floors in Blocks A and B at Aparna IT Hub located in Kondapur village, Serilingampally Mandal, Ranga Reddy district, Telangana. The lease covers 397,497 sq ft and has a starting monthly rental of ₹3.06 crore, which equates to ₹77 per sq ft per month, according…