Tag: Telangana government

Latest StoriesResidential

Villages Safe as Rural Registrations Rise in Telangana

Representational Image HYDERABAD: The Telangana government has significantly revised land rates near Hyderabad’s Outer Ring Road, with some increases reaching 100%. However, many rural areas have been exempt from steep rises in property registration charges. The new rates took effect statewide starting Friday. The minimum rate has surged from ₹1.75 lakh per acre to ₹2.75 lakh, signaling a major change in land valuation. In contrast to urban adjustments, the increases for residential flats and open plots in rural towns and district headquarters were kept moderate, ranging from 10% to 20% of existing rates. Officials organized the assessment for rural, urban,…

Latest StoriesResidential

Telangana to Update Property Registration Rates on June 5

HYDERABAD: Telangana is set to implement new land values for property registrations statewide starting June 5, marking the first significant rate update in nearly a year. This decision comes after extensive field surveys and data from sub-registrar offices (SROs), with officials stating that the revision aims to align government-notified rates with current market values. Revision Overview: The new rates will be categorized into four tiers—25%, 50%, 75%, and 100% increases on existing registration values for both agricultural and non-agricultural lands. Most property rates will fall within the 25%, 50%, or 75% categories, with only a few areas in prime urban…

InfrastructureLatest Stories

Telangana secures ₹13,600 crore refinancing for Hyderabad Metro

HYDERABAD: On Monday, the Telangana government secured a refinancing agreement worth ₹13,600 crores from the Indian Railway Finance Corporation (IRFC) for the Hyderabad Metro Rail Project. The agreement was signed in Delhi by officials from IRFC, L&T Metro Rail (Hyderabad) Ltd, and Hyderabad Metro Rail Ltd (HMRL). Chief Secretary K Ramakrishna Rao, who was present at the signing, stated that this refinancing would significantly alleviate financial pressures on the Hyderabad Metro Rail project, enhancing its long-term economic viability, according to a government release. This initiative is aimed at reducing the current debt and facilitating future expansion of the metro system.…

InfrastructureLatest Stories

Telangana Gov’t Finalizes Deal for Full LTMRHL Acquisition

HYDERABAD: The Telangana government has decided to take control of the Hyderabad Metro Rail Phase I through HMRL. On Wednesday, they signed a Share Purchase Agreement with L&T to acquire 100% equity shares of LTMRHL for an equity value of ₹1,461.47 crores. The Share Purchase Agreement was signed by Hyderabad Metro Rail Ltd (HMRL) Managing Director Sarfaraz Ahmad, D K Sen representing L&T Ltd, and KVB Reddy representing L&T Metro Rail (Hyderabad) Limited (LTMRHL). Attending the signing were Telangana Chief Secretary and HMRL Chairman K Ramakrishna Rao, along with Special Chief Secretary (Municipal Administration) Jayesh Ranjan, according to a release…

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…

Latest StoriesResidential

One Lakh Houses to be Ready for Beneficiaries by March 31

HYDERABAD: Telangana Housing Minister P Srinivas Reddy announced on Wednesday that over 100,000 houses built under the Indiramma housing scheme will be distributed to beneficiaries by March 31, with an additional 100,000 to be completed by June. Responding to a query during the Legislative Assembly’s Question Hour, the minister revealed that the first phase saw the approval of 450,000 houses statewide, including 12,000 specifically for the Chenchu community and tribal residents under the Integrated Tribal Development Agency (ITDA). “By March 31, approximately 112,000 Indiramma houses are expected to be completed, with housewarming ceremonies planned. Under Chief Minister Revanth Reddy’s leadership,…

IndustryLatest Stories

Telangana to Amend Stamp and Registration Act

HYDERABAD: Property buyers at bank and financial institution auctions may soon need to pay stamp duty based on transaction value as the Telangana government considers significant changes to the Indian Stamp Act and the Registration Act, aimed at reducing revenue losses, according to officials. The government also plans to grant authority to the inspector general and commissioner of the registration and stamps department to annul fraudulent registrations, including double registrations. Proposed amendments are expected to be presented to the Telangana cabinet shortly. Officials indicate that many auction property buyers evade stamp duty by presenting a ‘sale certificate’—a document banks submit…

InfrastructureLatest Stories

Telangana govt to buy L&T’s Hyderabad Metro stake for ₹2000 cr

HYDERABAD: The Telangana government has agreed to take over Phase-I of the Hyderabad Metro Rail project from L&T Group for ₹2,000 crore, covering the equity stake in L&T Metro Rail Hyderabad Ltd, according to official sources. As part of the agreement, the state will also assume the company’s debt of ₹13,000 crore. L&T currently holds about 90% equity in the project. Last month, the infrastructure giant expressed its intention to divest its stake—approximately 70 km—of the Metro Rail project to either the state or central government via a new Special Purpose Vehicle (SPV), citing operational and accumulated losses. Chief Minister…

IndustryLatest Stories

Telangana aims for ₹2,000 crore per acre in Raidurg auction

HYDERABAD: Two years ago, the Hyderabad Metropolitan Development Authority (HMDA) made headlines by selling a one-acre plot in Neopolis Phase II in Kokapet for an astounding Rs 100.75 crore, which significantly impacted the real estate landscape in Hyderabad. Currently, the Telangana government aims to achieve a similar success with the auction of two land parcels totaling 18.67 acres in Raidurg Knowledge City. The Telangana State Industrial Infrastructure Corporation (TGIIC) has set an upset price of Rs 101 crore per acre for these prime plots located in Hyderabad’s bustling business and IT zone. This area houses over 100 companies across approximately…

Latest StoriesResidential

Over 13,200 Homes Approved for Chenchu Tribals in Telangana

Representative image created by AI HYDERABAD: The Indiramma housing scheme aims to provide not just shelter, but also dignity and security to impoverished and Chenchu tribal communities in Telangana, particularly benefiting women, who are the recipients of housing sanction letters, according to Revenue Minister Ponguleti Srinivas Reddy. During public meetings in the Atchampet and Kollapur assembly constituencies, where sanction letters were handed to 536 Chenchu tribal families, Ponguleti, along with Tourism Minister Jupally Krishna Rao, reaffirmed the government’s commitment to uplifting marginalized groups. He announced that a total of 13,266 Indiramma houses will be sanctioned to Chenchu tribals across the…