Tag: Kukatpally

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 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…

Latest StoriesRegulatory

Telangana HC Dismisses Union Bank’s Property Auction Appeal

HYDERABAD: The Telangana High Court has dismissed an appeal from Union Bank of India regarding the cancellation of an auction for a property owned by a city-based company undergoing liquidation. The court found that the bank had not adhered to proper legal procedures. A division bench, featuring Justices K. Lakshman and V. Ramakrishna Reddy, stated that while banks can recover funds through auctions, they must do so transparently and involve the official liquidator to ensure the property achieves the best possible sale price. The ruling came during the bank’s appeal against a March 2025 decision, in which a single judge…