Telangana Chief Minister K.Chandrsekhar Rao has announced that the government is going to build the world’s tallest tower and other skyscrapers at 40 locations around Hussain Sagar Lake in the heart of Hyderabad city. Government is planning to build tower taller than Burj Khalifa at Sanjeevaiah Park. The minimum height of other buildings would ensure 75 floors in them.
Category: Major Developments
February – Tough Time for Property Tax Defaulters
The Greater Hyderabad Municipal Corporation (GHMC) is planning to pursue a drive against all property tax defaulters in Hyderabad from February 2014 onwards. The GHMC has communicated strongly that the tax defaulters are going to be pursued until they pay…
Affordable Homes for LIG (Lower Income Groups) in Hyderabad
The APHB (Andhra Pradesh Housing Board) has introduced a housing scheme for LIG (Lower Income Groups) in Hyderabad and different parts of the State. The new housing scheme will be provided under the Hire Purchase System and primarily target government…
Realty Transactions Remain Stable in City Centre
Contrary to the popular perception that core areas in the Hyderabad city have lost their real estate appeal, the recent data shows a stable real estate activity in the city centre. According to Stamps and Registrations Department officials, between April…
Disclose Taxable Properties Before August 31
The GHMC commissioner stated that citizens living in and around Greater Hyderabad limits should submit their Voluntarily Disclosure of Property Tax forms before August 31, at Circle offices in Citizen Service Centres (CSCs) or on the GHMC website. Citizens who…
Real Estate Prices in Hyderabad on a Rise
Looks like owning a house in Hyderabad city will cost you dear, as more than half of the houses that are on sale are more than Rs 50 lakh. Even cities like Bangaluru and Chennai have only quarter houses of…
Need to Focus on Affordable Housing Rather than Luxury Homes – Deepak Parekh
Responding to the sky rocketing housing prices in India, including those in the smaller cities, HDFC chairman Deepak Parekh asked builders to focus more on affordable housing, rather than luxury houses. Lending aggressively to the developers is dangerous in the…
State Government to Levy Huge Penalty on Unauthorised Constructions
This time state government is planning to levy huge penalties on builders who construct unauthorised buildings. The MAUD has introduced a new bill in the Assembly for unauthorized constructions. Officials are also planning to amend the existing acts in this…
Pay Only 1.5% Duty on Transfer of Property
Having revised the property registration charges and land values, the state government has revised the duty on transfer of property. According to the GO released by the Municipal Administration and Urban Development (MA & UD) department, the duty on transfer of property has been reduced in all municipal corporations, municipalities and panchayats throughout the state.
Registration Charges Hiked in AP
The registration fees payable on sales/purchase of properties have surged because the government raised the market value of properties throughout the state. The rise in market values is up to 150%. It is so in places with real estate values…