Category: Major Developments

Hyderabad City Center Going to Get its Charm with 40 Skyscrapers

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.

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…

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…

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…