Tag: kokapet

CommercialLatest Stories

KFin Technologies Leases 2.42 Lakh Sq Ft in Kokapet, Hyderabad

Representative AI image KFin Technologies, a leading registrar and transfer agent (RTA) in India, has secured over 2.42 lakh sq ft of office space in Kokapet, Hyderabad, through a long-term lease totaling nearly Rs 283 crore. The company has finalized five lease agreements with Rajapushpa Realty LLP for this space at Rajapushpa West Avenue, commencing August 1 and spanning 15 years. The total chargeable area amounts to 2,42,742 sq ft across the sixth, 23rd, 24th, and 25th floors. The monthly rent is set at approximately Rs 1.09 crore, equating to a starting rate of Rs 45 per sq ft. These…

IndustryLatest Stories

HMDA Aims to De-Notify Kokapet IT SEZ for Land Unlocking

Representative AI image HYDERABAD: Almost two decades after designating 117 acres in Kokapet for a prominent information technology special economic zone (IT SEZ), the Hyderabad Metropolitan Development Authority (HMDA) has decided to terminate the project and prepare the valuable land for auction, potentially yielding around Rs 12,000 crore. HMDA has requested the Centre to de-notify the IT SEZ, allowing the state government to reallocate the land for generating revenue. Officials revealed that approximately 90 to 95 acres of the original designation are currently available and could be auctioned following the necessary approvals. The planned SEZ was first proposed by the…

Latest StoriesRegulatory

Telangana HC Queries HYDRAA on Unnotified Kokapet Demolitions

HYDERABAD: The Telangana High Court challenged HYDRAA regarding the demolition actions taken at ZRESTA Villas in Kokapet, which were conducted without prior notice. Interim orders were issued to maintain the status quo. Justice Nagesh Bheemapaka, during a hearing of a house motion from the petitioners, deemed it inappropriate to demolish structures without notice, especially when the land was under litigation. According to the petitioners, the ZRESTA Villa Owners Maintenance Mutually Aided Cooperative Society, claims that HYDRAA personnel unlawfully entered the property on May 26 and removed the compound wall unexpectedly. In response to the demolition, the petitioners submitted a house…

IndustryLatest Stories

HDFC Bank Funds ₹300 Crore Luxury Housing in Hyderabad

NEW DELHI: HDFC Bank has allocated Rs 300 crore towards an ultra-luxury residential project in Kokapet, Hyderabad, as developers seek structured financing in response to a cooling housing market and an increasing demand for high-end homes. This investment will facilitate the completion of the project, which has a gross development value of Rs 2,000 crore and is being developed by DE Blue Oak and P Mangatram. Transaction advisor CBRE has opted not to comment. Recently, there has been a surge in funding within the residential real estate sector as developers look for credit options amid a dip in sales. “There…

Latest StoriesResidential

Hyderabad Builders Tempt Buyers with Harleys, EVs, and Gold

Representative AI image HYDERABAD: In response to slow sales, various developers in Hyderabad are offering luxurious gifts to entice potential homebuyers. Options include premium motorcycles, 24-carat gold coins, electric vehicles, and complimentary interior upgrades. For example, one prominent developer is providing a Harley Davidson worth ₹3 lakh with bookings in selective high-demand areas such as Kokapet, Kukatpally, Uppal, Patancheru, and Rajendranagar. Another developer plans to offer electric vehicles valued at ₹8 lakh to clients of an upcoming residential project located between Uppal and Ramanthapur. Gold has also emerged as a favored incentive, despite its rising prices. A builder from Miyapur…