Latest Realty News

Jun 08, 2015
As Telangana reached its one-year milestone, the real estate sector in Hyderabad appears to have given up hopes of a quick recovery of fortunes and instead remains content with slow and incremental growth.
GHMC bulldozes floors for violating building rules
Oct 29, 2014
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) began demolition of illegal floors of a multi-storeyed apartment in Musheerabad
Focus on property tax collection: GHMC chief
May 28, 2014
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) commissioner Somesh Kumar has directed the officials to concentrate more on revision petitions related to property tax collection by conducting property tax Parishkaram-3. With this, cases of various tax related issues could be settled on the spot giving scope for more collection, he added.
Payment of property tax till March 31
Mar 29, 2014
HYDERABAD: Focus on 150 top defaulters in each circle, notices, warrants and seizure of properties led to the GHMC netting Rs.775 crore of property tax thus far, surpassing last year’s collection of Rs.747 crore at the same time.
Payment of property tax till March 31
Mar 29, 2014
HYDERABAD: Special counters will remain open at all the 18 circle offices of GHMC on Sunday and Monday for property tax payment.
GHMC attaches SIRD properties worth Rs 1.59 crore
Mar 24, 2014
HYDERABAD: Greater Hyderabad Municipal Corporation officials on Wednesday attached two Volvo buses, a Swaraj Mazda, CPUs and a color printer belonging to the State Institute of Rural Development (SIRD), Rajendranagar, for Rs 1.59 crore property tax dues.
The elusive play area in the city of Hyderabad
Mar 20, 2014
HYDERABAD: The city has been expanding at an exponential rate and one can find supermarkets, gyms, hotels and shopping centres in almost every five kilometer radius. The city is stretching its limits in areas such as Kukatpally, Nizampet, Miyapur, Bachupally, Kompally, Shamirpet, Uppal, Attapur, Khajaguda, and Chandanagar. These areas are witnessing rapid proliferation of housing colonies be it individual villas, single block apartments or gated communities. Pick any part of the city whether it
Complete verification of buildings today, GHMC officials told
Mar 20, 2014
HYDERABAD: Greater Hyderabad Municipal Corporation (GHMC) commissioner Somesh Kumar has asked officials to complete the process of verification and assessment of buildings by March 20.
Interest on property tax arrears to be waived
Mar 04, 2014
HYDERABAD: In some good news to property tax payers, the government on Saturday issued a GO (No. 90) waiving interest on arrears and current year property tax dues up to March 31 and paving way for adjustment of interest already paid against future property tax.
Furniture of Gaddiannaram fruit market seized over property tax dues
Mar 04, 2014
HYDERABAD: Greater Hyderabad Municipal Corporation (GHMC) officials on Saturday seized movable assets (furniture) from the office of secretary, Gaddiannaram Fruit Market, for property tax arrears of Rs three crore.
GHMC to redress grievances of property tax payers
Mar 01, 2014
HYDERABAD: The Greater Hyderabad Metropolitan Corporation (GHMC) will organize the second 'property tax parishkaram programme' in all GHMC circle offices between 10 am and 1 pm on March 2.
GHMC proposes Rs 4,599 cr budget
Feb 20, 2014
HYDERABAD: To woo youth just ahead of the elections, Hyderabad mayor Mohammed Majid Hussain has allotted more funds for them. Though the commissioner proposed Rs 3,850 crore as budget estimate, the standing committee has enhanced it to Rs 4,599 crore.
Property tax: Nims owes Rs.12.5 crore
Jan 14, 2014
HYDERABAD: Continuing to apply pressure on major property tax defaulters, the Greater Hyderabad Municipal Corporation (GHMC) on Friday sought to execute warrants against Nizam’s Institute of Medical Sciences (Nims) for accumulated tax dues to the tune of Rs.12.50 crore.
Developmental Projects in Hyderabad, GHMC, Properties in Hyderabad
Jan 09, 2014
HYDERABAD: The GHMC standing committee on Wednesday cleared a proposal to pay compensation to several property owners whose land or buildings were acquired for various civic developmental projects including widening of roads.
Residences in posh areas turn business houses in Hyderabad
Dec 21, 2013
HYDERABAD: Though unauthorized conversion of residential properties for commercial exploitation and illegal constructions are unabated in up-market areas like Jubilee Hills and Banjara Hills, the Greater Hyderabad Municipal Corporation (GHMC) seems to be turning a blind eye.
Property tax defaulters get red notices in Hyderabad
Oct 22, 2013
HYDERABAD: Eyeing more revenue collection from property tax this financial year, Greater Hyderabad Municipal Corporation (GHMC) officials have started slapping red notices on property tax defaulters. Over two lakh notices have been served on tax defaulters from October first week.
1.9 lakh owners in Hyderabad never paid property tax in 5 years
Oct 11, 2013
HYDERABAD: Nearly 1.90 lakh owners have not been paying property tax for over five years. These property owners together owe over Rs 461 crore, including arrears and interest on it, to the Greater Hyderabad Municipal Corporation (GHMC). Similarly, over three lakh owners of 13.5 lakh properties assessed have not been remitting taxes for over three years.
GHMC plans road to please realtors
Sep 11, 2013
HYDERABAD: Bowing to the pressure from builders and land owners, Greater Hyderabad Municipal Corporation (GHMC) officials are said to be actively considering construction of a link road from Navayuga SEZ, opposite the West Zone of GHMC, to Chandanagar railway station in Serilingampally, at an estimated cost of Rs 17.10 crore.
Integrated building approvals to check graft in Hyderabad
Sep 02, 2013
HYDERABAD: In a bid to bring in transparency, avoid delays and check corruption, the Greater Hyderabad Municipal Corporation (GHMC) has decided to integrate online building approvals with occupancy certificates and property tax assessment.
Special drive to identify dilapidated structures in Hyderabad
Jul 11, 2013
HYDERABAD: With the City Light Hotel collapse claiming several lives, the GHMC has decided to take up a special week-long drive to identify dilapidated buildings , especially commercial ones and offices where large number of people congregate, to avert similar incidents.

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