Raidurg in Hyderabad witnesses escalating land prices
May 20, 2017

While occupancy levels in Hyderabad are improving, land values in the state are also showing signs of a healthy growth. The recently held e-auction of two land parcels in Raidurg justifies the aforesaid statement. Telangana State Industrial Infrastructure Corporation (TSIIC), which recently held an e-auction for plots in Hyderabad, reported a land parcel near Knowledge City in Raidurg fetching the highest bid ever of Rs 88,000 per sq yd. TSIIC also sold a 2.84 acre… Read More

Hyderabad to have 1 lakh 2BHK homes for urban poor
April 29, 2017

This fiscal will offer about one lakh 2BHK homes to the poor in Hyderabad. As confirmed by state government officials, 300 2BHK units will be constructed for the poor in Mahbubabad district will be completed in the next six months. Kadiyam Srihari, Deputy Chief Minister (CM), Telangana recently laid the foundation stone for the project. The collector would have to identify the beneficiaries of such homes after conducting a survey. Speaking on the occasion, the… Read More

Hyderabad civic body’s property tax arrears reach Rs 1,228 crore
April 16, 2017

Officials of the Greater Hyderabad Municipal Corporation (GHMC) share that over two lakh tax payers did not pay their property taxes during the last financial year. This has led to the property tax arrears owed to GHMC reaching Rs 1,228 crore, including the interest on the arrears. The largest share of arrears of over Rs 150 crore has to be received from Khairtabad circle, which includes posh localities such as Jubilee Hills and Banjara Hills.… Read More

Hanging bridge in Hyderabad to enhance connectivity between Durgam Cheruvu and IT hub
April 11, 2017

The construction work on Hyderabad’s first cable bridge is all set to commence soon. The Greater Hyderabad Municipal Corporation (GHMC) has already taken up site preparation for the hanging bridge across Durgam Cheruvu, which will cost the civic body Rs 184 crore. The long-awaited bridge will decongest Jubilee Hills Road No 36 that experiences high traffic flow during peak hours. It will also offer a breath of relief for people who travel towards Madhapur from… Read More

Shortage of office space in Hyderabad expected to push up leasing rates
March 12, 2017

Industry experts predict that Hyderabad’s office space segment could witness a steep rise in leasing values this year on the back of the shortage of quality spaces in the city. A report by JLL points out that office space vacancy levels in Hyderabad are much lower than Delhi, Mumbai, Chennai, and Kolkata. This implies a better supply-demand equilibrium compared to other metro cities in the country. Sandip Patnaik, Managing Director - Hyderabad, JLL, shared that the nine percent… Read More

Hyderabad to amend building rules to safeguard heritage structures
February 22, 2017

Acknowledging the danger presented to Hyderabad’s heritage due to rapid development, the authorities intend to update the city’s building rules. The municipal administration and urban development department will be adding certain norms in the New Building Rules 2012 to protect heritage structures in Hyderabad. Officials have shared that the government will adopt provisions from the Model Building Byelaws 2016 that had been prepared by the Union ministry of urban development. Some of the rules likely… Read More

Hyderabad administration toughens norms to curb illegal constructions
February 15, 2017

Hyderabad administration has decided to take strong steps to prevent illegal constructions endangering life in the city. The Greater Hyderabad Municipal Corporation (GHMC) plans to amend laws and make registration harder for properties without blueprint sanctions. This step will ensure that a builder cannot sell apartments or plots without first getting the mandatory permissions from the civic body. S Devender Reddy, Chief City Planner, GHMC, explained that the revenue department has given an in-principle clearance… Read More

Telangana permits long-term leasing of waqf land
February 12, 2017

The Telangana government has given the green signal to Telangana State Waqf Board (TSWB) to allow long-term leasing of Muslim-endowed properties. The state has identified 11 such properties which can now be leased for a period of 30 years. This decision is aimed at boosting the revenue of the Waqf Board. Officials shared that the Board is facing severe fund shortage and is unable to carry out its daily operations. This is despite the fact… Read More

Infrastructure projects in Telangana hit by fund shortage
February 12, 2017

With the demonetisation move adding to the fund shortage issues of Telangana government, several infrastructure projects across the state have grounded to a halt. The state government’s decision to reign in expenses has affected the contractors working on roads, irrigation, and other infrastructure works in the state. Contractors lament that the government’s dues have piled up to around Rs 1,000 crore in the last three years. B Sugunakar Rao, Chairman – Telangana, Builders' Association of India (BAI),… Read More

Hyderabad’s draft integrated master plan in final stages
February 9, 2017

The Hyderabad Metropolitan Development Authority (HMDA) is in the final stages of preparing an integrated master plan for the Hyderabad Metropolitan Region (HMR). Speaking on this subject, T Chiranjeevulu, Metropolitan Commissioner, HMDA, shared that once the blueprint is ready, it will be sent to the state government, municipal administration and the urban development department to seek approval. A month’s time will be given to citizens to share their feedbacks which would then be incorporated into… Read More

Andhra Pradesh may opt for new technology for EWS housing
January 29, 2017

Andhra Pradesh cabinet is expected to adopt an unconventional mode of construction for the Economically Weaker Sections (EWS). The 1.2 lakh units proposed for the state’s poor might now be constructed through a new method called tunnel technology. P Narayana, Municipal Administration Minister, shared that the adoption of new technologies is necessary to construct quality units within deadlines. He added that the tunnel technology will allow one floor to be completed within four days. Officials… Read More

Telangana to reduce construction cost of units under 2BHK housing scheme
January 27, 2017

With the deadline to complete construction of 2.60 lakh 2BHK houses in Telangana set for 2017-end, the cabinet sub-committee on housing has taken a decision to work towards reducing the construction cost of each housing unit by up to Rs 50,000. The committee has announced a reduction of seigniorage charges on cement and sand as part of the cost-cutting measures. The cabinet sub-committee, comprising state ministers and Vice-Chairman of Mission Bhagiratha, reviewed the progress of… Read More

Low occupancy rates hit growth of luxury hotels in Hyderabad
January 23, 2017

If the occupancy levels are any indication, Hyderabad’s luxury hotel segment envisages a bleak future. Most of the luxury hotels in the city are witnessing severely low occupancy rates throughout the year with very few bookings. Experts blame the changing trends in business travelling and the fading five-star hotel culture. MV Rajeshwar Rao, Chief Executive Officer (CEO), Confederation of Real Estate Developers Association of India (CREDAI), explained that the recent years have witnessed a gradual change in… Read More

Hyderabad to set up drinking water dispensers across the city
January 22, 2017

The Greater Hyderabad Municipal Corporation (GHMC) will set up drinking water dispensers at 50 locations across the city by February. Referred to as Any Time Water (ATW) units, this project will ease the troubles of inadequate water supply faced by several areas. The authority intends to expand the presence of these units to 250 locations in the next few months. The selected locations include the localities in and around Gandhi Hospital, Jubilee Bus Station, JNTU-Kukatpally, Osmania… Read More

Hyderabad Authority to acquire land via pooling method
January 16, 2017

The Hyderabad Metropolitan Development Authority (HMDA) intends to go for land pooling in order to acquire land for the planned development of the metropolitan region. This is expected to help control the emergence of unauthorised layouts and haphazard growth of the city. T Chiranjeevulu, Commissioner, HMDA, shared that the draft rules for the pooling scheme have been forwarded to the municipal administration. Chiranjeevulu stated that this scheme will benefit land owners as they will not… Read More

Hyderabad to get 2.6 million sq ft of retail space in 2017: Report
January 8, 2017

A recent report by Cushman & Wakefield anticipates that Hyderabad will witness the highest new supply of retail space in the country during 2017. Eight new malls with a total area of 2.6 million sq ft are expected to become operational this year, giving Hyderabad’s retail landscape a significant boost. Majority of the new supply will be witnessed in the north-west zone in areas such as Chandanagar, Gachibowli, and Kondapur. Anshul Jain, Managing Director -… Read More

GHMC to use satellite imagery for identifying illegal buildings
January 3, 2017

The Greater Hyderabad Municipal Corporation (GHMC) will soon be benefited by a mobile application, which is being developed by the National Remote Sensing Centre (NRSC), to locate and identify illegal constructions and unauthorised structures in the city though satellite imagery. GHMC is also set to utilise Bhuvan, the geo portal by Indian Space Research Organisation (ISRO), for accessing satellite images to process Building Regularisation Scheme (BRS) applications. The images will help the civic body in… Read More

Phase I of Pharma City to attract 350 firms
January 3, 2017

Over 350 firms, including about 120 major players, are expected to take up space in the first phase of the 12,500 acres Pharma City, proposed at Mucherla in Rangareddy district in Hyderabad. The state government is working on the master plan for the same in order to allot land for interested pharma players. While a conceptual plan for the ambitious project has already been prepared by a Singapore-based firm, the master plan for the same… Read More

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