Latest Realty News

India beats China as top choice for global corporate expansion plans
Feb 06, 2014
HYDERABAD: Corporate decision makers are responding to signs of economic improvement across Europe, shifting focus away from pure cost management to future growth opportunities, with an increased appetite for global expansion into Indian markets, according to CBRE’s latest annual European Occupier Survey.
Housing sector: A glimpse into the problems and possible solutions
Feb 06, 2014
HYDERABAD: The housing sector defines the overall social health of the population of a country. Apart from its contribution to the country’s GDP, construction of housing increases the civil welfare of a society by improving the social capital of a nation. Consumption expenditure by individual and households consists of a sizeable mix of expenses incurred on rent, utilities, related taxes, etc., all of which are also contributions of the housing sector, to the GDP of an economy.
‘e-Town Planning’ launched in Hyderabad
Feb 04, 2014
HYDERABAD: Greater Hyderabad mayor Mohammed Majid Hussain on February 1 launched ‘e-Town Planning’, a provision for filing building permission applications online.
SCB to soon have mixed land use zones
Feb 04, 2014
HYDERABAD: The Secunderabad Cantonment area may soon have mixed land use zones for the overall development of its civilian areas. This is being proposed as part of the master plan for the area to be implemented between 2014 and 2021 and it will allow usage of land for all purposes like residential, commercial and recreational.
ITIR in Hyderabad to be free from zoning regulations
Jan 14, 2014
HYDERABAD: To promote IT, ITeS and electronic hardware manufacturing units in the Information Technology Investment Region (ITIR), proposed in 202-square km area (49,912 acres) in the city, the information technology and communications (IT&C) department has decided to give office spaces and campuses exemptions from zoning regulations and height restrictions.
Backbreaking tax on vacant land in Hyderabad
Jan 14, 2014
HYDERABAD: In a strange twist of logic, the Greater Hyderabad Municipal Corporation (GHMC) imposes more tax on vacant plots than it collects from owners of buildings and other structures.
Getting urban, the sustainable way
Jan 03, 2014
HYDERABAD: The real estate sector is the second largest employer after the agricultural sector. Continuous increasing demand for infrastructure due to urbanisation has been the key factor for consistent growth.
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.
Land losers to get more compensation
Dec 11, 2013
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) and other government agencies, which take over private properties for various purposes, will have to cough up more compensation for acquiring properties from January 1, 2014.
Housing board plans houses on hire purchase
Dec 09, 2013
HYDERABAD: After nearly two decades, the Andhra Pradesh Housing Board (APHB) has decided to take up special housing scheme for the benefit of low income groups. The new housing schemes are being taken up at Kukatpally, Chandanagar, Nizampet, Bandlaguda and Red Hills in the city apart from other locations in the state.
Villas on Hyderabad ORR attract home buyers
Dec 03, 2013
HYDERABAD: The 159 Kms long stretch of the Outer Ring Road (ORR) is a road-cumarea development project. The ORR connects Patancheru-Shamshabad-Hayathnagar-Medchal Patancheru, and also provides the connectivity to various State Highways and National Highways.
Those magnificent roads of Hyderabad: ORR
Dec 02, 2013
HYDERABAD: The ORR is not just a piece of infrastructure. It was a planned growth corridor, inspired by many similar development ideas in the West. The regulations around ORR were to be such that it brought in the right kind of players to unlock the land value. This was to encourage transit-oriented development.
Stamp duty on sale of land in Hyderabad reduced
Nov 28, 2013
HYDERABAD:The state government on November 27 reduced stamp duty on major transactions including sale of land. According to sources, the move was forced by the Centre which is providing huge funds under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme.
HMDA asked to speed up ongoing projects
Nov 13, 2013
HYDERABAD: The chief minister has directed the Hyderabad Metropolitan Development Authority (HMDA) to speed up ongoing projects like radial roads, new projects like Hyderabad Habitat Centre, Science City and initiatives like land pooling schemes and Educational Hub apart from lake protection works with specific time-frame.
HMDA rejects plea of 69 colleges to regularize buildings
Nov 12, 2013
HYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) has rejected Building Penalization Scheme (BPS) applications of 69 professional colleges and other educational institutions located in the surrounding areas of the city for not complying with rules and requirements for regularization. Though the HMDA can demolish the unauthorized buildings at any time, the officials are going slow on the managements.
Gachibowli – emerging investment destination
Oct 23, 2013
HYDERABAD: Among the specific locations that are fast emerging as investment destinations in the country include Gachibowli in Hyderabad. A survey by Jones Lang LaSalle on the upcoming investment destinations has listed Gachibowli as the next popular IT/ITES destination of the city after Hitec city.
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.
Commercial space rates shoot up in Vijayawada
Aug 01, 2013
HYDERABAD: Around 270 km east of Hyderabad, the city of Vijayawada on July 31 witnessed an immediate ripple effect of Congress’ ‘Jai Telangana’ call. Owners of commercial spaces in the ‘land of victory’ were found quoting as much as Rs 50 per square feet (sft) for properties which, until a few days ago, were up for grabs at a meagre Rs 15 per sft. Reason? The intense speculation about the city emerging as the largest business hub, if not capital, of the new Andhra Pradesh state.
Creation of Telangana ends of uncertainty for city’s realty sector
Jul 31, 2013
HYDERABAD: After almost four years, Hyderabad’s real estate sector heaved a sigh of relief on July 30. With the commotion and chaos over separate statehood finally being given a burial and Telangana declared India’s 29th state, industry insiders said that their “long dry spell” was all set to come to an end now.
Poor response to property tax scheme in Hyderabad
Jul 22, 2013
HYDERABAD: On an average, the Greater Hyderabad Municipal Corporation (GHMC) gives out 1,000 building permissions a month. But new assessments of property tax hardly reach 100 a month, meaning less than 10% of property owners are registering to pay property tax in the entire Greater Hyderabad area.

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