Tag: Hyderabad

IndustryLatest Stories

Telangana: Minimal Rise in CURE Building Approval Revenue Post-Merger

HYDERABAD: Despite the merger of 17 municipalities into three corporations – Greater Hyderabad Municipal Corporation (GHMC), Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MMC) – revenue from building approvals in the Telangana Core Urban Region (CURE) has seen only a slight increase. The original GHMC, which covered six zones over 650 sq km, generated ₹1,138 crore from building permits in 2024-25. In contrast, the newly expanded CURE, now comprising 12 zones, reported ₹1,172 crore in 2025-26. However, this represents a significant drop of approximately ₹282 crore compared to 2022-23. Of the 15,536 building permissions granted in 2025-26, a majority—12,014…

Latest StoriesRegulatory

SC orders Nowhera to surrender in a week, ties bail to deeds

File Photo HYDERABAD: On Wednesday, the Supreme Court directed Nowhera Shaik, the chief of Heera Group, to surrender to the appropriate jail authorities within a week. The court warned that non-compliance would lead to the issuance of a non-bailable warrant. Furthermore, the possibility of future bail considerations will be contingent upon her cooperation in executing pending sale deeds. This directive stems from the court’s findings that Nowhera has failed to cooperate in executing 16 sale deeds for auction purchasers, despite the Enforcement Directorate (ED) having already received the full payment. The court described the situation as a large-scale fraud, involving…

IndustryLatest Stories

Cyberabad commissioner urges builders to enforce site safety

HYDERABAD: G. Srijana, the commissioner of the Cyberabad Municipal Corporation (CMC), has called on builders and developers to strictly comply with construction standards, environmental guidelines, and legal requirements for all active and future projects. During a meeting with representatives from CREDAI, NAREDCO, and the Telangana Developers Association, the commissioner emphasized the need for proper safety measures at construction sites to ensure the protection of workers and the public. She also highlighted the necessity of controlling dust and air pollution through effective mitigation strategies. The commissioner stated that Partial Occupancy Certificates (OCs) should only be pursued once construction aligns strictly with…

Latest StoriesResidential

Rising Costs and GST Impact Hyderabad’s Gated Communities

HYDERABAD: Residents in gated communities throughout the city are grappling with increased financial pressure this year, as surging maintenance costs have pushed many into the 18% GST tax bracket. For the fiscal year 2026-27, monthly maintenance fees have escalated significantly, now falling between Rs 8,000 and Rs 10,000. This spike is attributed to rising expenses including security personnel salaries, electricity bills, clubhouse maintenance, common facilities, and water supply systems. Previously, many residents paid around Rs 6,000 to Rs 7,000 per month, comfortably below the Rs 7,500 threshold that triggers GST. However, the latest increase has altered the situation. According to…

Latest StoriesRegulatory

NGT Rejects Telangana’s Future City Project, Seeks Responses

HYDERABAD: The National Green Tribunal’s southern zone bench in Chennai has declined to issue a stay on the Telangana government’s Future City Project on the outskirts of Hyderabad. The bench stated that no interim orders could be made without hearing from all parties involved and without official responses submitted. The Future City Development Authority (FCDA) and the Union Ministry of Environment, Forests & Climate Change (MoEFCC) have been instructed to provide formal responses by June 9 for further deliberation. The order came during proceedings initiated by Hyderabad-based environmentalist Dr. Dhonthi Narsimha Reddy, who claims that the government is engaging in…

IndustryLatest Stories

Telangana: TGIIC to Auction Osman Nagar Land on April 23

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) is set to auction land in Osman Nagar on April 23. The auction will feature only two parcels of land: a 10-acre site and a 5.72-acre plot, as opposed to the initially planned six parcels. Originally, the auctions were scheduled for March 10, 13, and 16 in Osman Nagar, encompassing 48 acres. However, TGIIC postponed the auction due to various factors, including confusion regarding the utilization of transferable development rights (TDR), assembly budget sessions, and uncertainties in the real estate market. The state government has set the upset price…

Latest StoriesRegulatory

CAG: Madhapur IT Firms Misappropriated ₹100 Crore in Property Tax

HYDERABAD: The Industrial Area Local Authority (IALA) in Madhapur has reportedly caused a loss of over ₹100 crore to the government by under-assessing property taxes, according to the Comptroller and Auditor General (CAG). The Greater Hyderabad Municipal Corporation (GHMC) mandates that IALA levy property tax according to specific classifications and monthly rental values (MRV). In Madhapur, the MRV for industrial properties was set at ₹4 per square foot for ground and first floors, and ₹3.50 per square foot for upper floors. Meanwhile, office buildings had an MRV of ₹6 per square foot for the ground and first floors, with ₹5.50…

Latest StoriesRegulatory

Telangana’s property tax collections reach ₹100 crore in a day

HYDERABAD: A rigorous enforcement initiative, combined with the current one-time settlement (OTS) scheme, has led to a remarkable increase in property tax collections across three municipal corporations in the core urban area of Telangana, with revenues exceeding Rs 100 crore in a single day. Prior to last week, daily collections ranged from Rs 3 crore to Rs 5 crore. However, in recent days, there has been a substantial surge, with collections reaching Rs 20 crore on Sunday, Rs 50 crore on Monday, and over Rs 100 crore on Tuesday, bringing total collections to around Rs 2,500 crore. Officials attribute this…

InfrastructureLatest Stories

HYDRAA Uncovers 8.24-Acre Lake Near Hyderabad from Encroachments

Representative AI image HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) conducted operations throughout the city on Tuesday, removing encroachments from lakes, park land, roads, and stormwater drains. In Manchirevula, Gandipet, HYDRAA cleared encroachments from the 8.24-acre Nagireddy Kunta lake. Officials noted that parts of the lake were occupied by private entities despite it being designated as a water body in revenue and HMDA records. “A real estate firm had erected a 20-foot-high tin-sheet wall around four acres, while another entity occupied about three acres. Additionally, a former public representative sold over an acre of it. Temporary structures…

Latest StoriesRegulatory

CAG Queries Telangana’s Land Allotment to Amazon in Pharma City

HYDERABAD: The Comptroller and Auditor General (CAG), in a report presented to the assembly on Monday, raised concerns over the allocation of 48 acres to Amazon Data Services India Private Ltd within the limits of the Hyderabad Pharma City (HPC). The report noted that the land was initially intended for a dedicated pharmaceutical manufacturing cluster under the National Investment and Manufacturing Zone (NIMZ) guidelines. The audit scrutinized land allocations and project execution, highlighting significant irregularities. According to the NIMZ guidelines, land in such zones must be exclusively used for purposes specified in the master plan. The CAG stated that allocating…