Tag: Telangana

Latest StoriesResidential

Stonecraft to invest ₹300 crore in Telangana township project

Representative AI image NEW DELHI: Stonecraft Group, a real estate firm, has announced an investment of Rs 300 crore for a 110-acre township project in Telangana. The company revealed plans to establish the integrated township at Yadagiri Gutta, which is expected to generate revenues up to Rs 1,100 crore. Of the 110 acres, 90 acres will feature residential plots, estimated to yield around Rs 500 crore. The remaining 20 acres will be dedicated to a Senior Living project comprising 333 independent homes, projected to earn Rs 600 crore. The overall investment for this development is set at Rs 300 crore.…

Latest StoriesRegulatory

Telangana HC Halts Ruling on Budwel Land E-Auction

HYDERABAD: In a significant development, the Telangana High Court has suspended a prior ruling that overturned the e-auction of 4.19 acres of land at Budwel, Rajendranagar, which was to be conducted by the HMDA. The court has allowed the HMDA to proceed with the auction while prohibiting the declaration of the highest bidder. The division bench, comprising Justices Moushumi Bhattacharya and Gadi Praveen Kumar, issued this directive on Tuesday during an appeal by the state government challenging the single judge’s decision made in May 2025. The bench also instructed the district collector of Rangareddy to address claims made by private…

IndustryLatest Stories

TRSCL to Hold E-Auction of Plots Starting October 28

Representative image HYDERABAD: The Telangana Rajiv Swagruha Corporation Limited (TRSCL) is set to hold an e-auction for open plots located in Kurmalguda, Thorrur, and Bahadurpally from October 28 to 30. The plots in Kurmalguda vary from 200 to 300 square yards, whereas those in Thorrur range from 200 to 500 square yards. The starting price is set at ₹20,000 per square yard for Kurmalguda and ₹25,000 for Thorrur. In Bahadurpally, the base price is ₹27,000 per square yard, while corner plots will start at ₹30,000 per square yard. The minimum bidding increment is ₹500 per square yard. The e-auction for…

Latest StoriesRegulatory

Telangana HC Warns Lawyers & Builders on Illegal Constructions

HYDERABAD: The Telangana High Court has raised concerns regarding the increasing trend of illegal construction and unauthorized collections, urging advocates to rethink their involvement in such cases, as this could undermine the state’s future. Justice B Vijaysen Reddy pointed out the potential long-lasting effects, warning that coming generations might hold the current officials responsible for these issues. He advised municipal authorities and lawyers representing builders involved in illegal activities to stay alert. The caution was issued during the hearing of a petition by farmer B Sanjeev Kumar, who claimed that government authorities had failed to act against illegal construction carried…

Latest StoriesResidential

Telangana deposits ₹2,223 crore to Indiramma scheme beneficiaries

HYDERABAD: VP Gautam, managing director of the Telangana Housing Corporation, announced that the state government has deposited ₹2,223 crore this year into the bank accounts of beneficiaries under the Indiramma housing scheme. “Funds are transferred directly to each beneficiary’s account every Monday, based on construction progress for each house. This week alone, ₹252 crore was credited to 22,305 accounts, marking the largest weekly disbursement since the scheme’s launch,” Gautam stated. With this latest transfer, total funds allocated under the Indiramma Indlu scheme have reached ₹2,233 crore. Gautam noted that construction is advancing well, with approximately 2.18 lakh houses at various…

IndustryLatest Stories

Telangana’s property loss in fires exceeds ₹800 crore this year

HYDERABAD: From January to September this year, Telangana has experienced an alarming increase in fire incidents, resulting in a staggering property loss of ₹819.37 crore—the highest recorded in the state’s history over the past 11 years. In comparison, 2018 reported a previous peak of ₹260.16 crore in damages from 9,120 fire incidents, as per data from the state fire department. To date, the state has logged 7,276 fire accidents, claiming 142 lives. The only other year with a greater fatality rate was in 2015, with 159 deaths resulting from fires. “The uptick in incidents in major industrial areas like Pashamailaryam…

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

HYDRAA Recovers ₹15,000 Crore of Encroached Land in Hyderabad

Representative image HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has successfully reclaimed over 300 acres of valuable government land in Gajularamaram, Quthbullapur, marking one of the largest land recovery operations in Telangana. The estimated value of this land, priced at approximately Rs 50 crore per acre, totals nearly Rs 15,000 crore. HYDRAA officials reported that the land was originally owned by the former Andhra Pradesh State Finance Corporation. With the bifurcation, ownership transitioned to the Telangana State Finance Corporation (TSFC). An official from HYDRAA stated, “During this transition, various politicians, real estate developers, bureaucrats, and other influential…

Latest StoriesRera

Telangana RERA Slaps Fine on Housing Society for Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (RERA) has imposed a penalty of ₹18.5 lakh on the Jubilee Hills Co-operative House Building Society Ltd for initiating a real estate project without the required registration under the Act. The authority determined that the society breached the Real Estate (Regulation and Development) Act by advertising and collecting funds for its ‘Jubilee Hills Phase IV’ project located in Manchirevula village, Gandipet mandal, Ranga Reddy district, without RERA approval. The directive requires the society to pay the penalty within 30 days into the TGRERA fund. Moreover, it has been barred from advertising, marketing, booking,…

InfrastructureLatest Stories

Telangana to Conduct Forensic Audit of Land Records

HYDERABAD: The preparations are underway for a forensic audit of land records in Telangana, with the Telangana Technology Services Limited (TGTS) set to finalize an agreement with a security audit agency from Kerala within a week. Following the state government’s approval of this initiative about a month ago, the revenue department has instructed TGTS to enter into a memorandum of understanding (MoU) with the selected agency. Sources from the revenue department disclosed that the law department had approved the necessary terms a week ago, paving the way for the agreement’s signing with the Kerala-based agency shortly. The initial phase of…