Category: Major Developments

No Mortgage Rule for Small Buildings

The 10% mortgage rule for residential constructions on plots of size of 100 sq. meters and above was scrapped by the municipal administration and urban development (MAUD). Earlier, the mortgage rule was applicable only for the buildings whose size is…

A Unified Authority to Arrange Land Allotments

A unified authority is to be set up by the government to make land allotments. The concerned government authorities were asked by the Chief Minister to make transparent land policies with the help of stakeholders’ consultation. It was even decided…

Property Tax Surcharge Blows from Next Year

It is decided by the Greater Hyderabad Municipal Corporation (GHMC) that the five percent property tax on residential and commercial buildings in the city suburbs will be blown from the next year. The commercial buildings which were built before 2007…

Cement Prices Going up in the City

The construction industry which is supposed to brighten as a part of recovery of the real estate slump is again facing difficulties. This is because of the rising cement prices in the city. The cost of cement was Rs. 120…

APBDC to be Protecting R&B Department Properties

The government has proposed to constitute the AP Building Development Corporation (APBDC) for protecting the properties of road and buildings department from encroachment. The corporation is intended to find the encroached lands and maintain an inventory of the properties owned…

Lands Worth Rs. 1,000 Crore Missing by the GHMC

The Greater Hyderabad Municipal Corporation (GHMC) had no clues regarding certain lands which worth Rs. 1,000 crore. According to a survey conducted by the Hyderabad District Collectorate authorities from 1964-1973, the corporation owned 2,000 plots including small and medium sized…

Illegal Building Owners to Pay 200% Tax

An amendment of the Hyderabad Municipal Corporation Act 1955 has been proposed by the Greater Hyderabad Municipal Corporation (GHMC). 200% additional property tax is planned to be levied on unauthorized buildings in the city. The AP Lokayukta directed this proposal…

Realty Related Crimes Going Up in City

Recent incident of the rival dispute between the Chandrayangutta MLA Akbaruddin Owaisi and the members of Pehelwan’s family reminds the rise of property crimes in the city. Certain realty developers, explaining the reasons for the land grabbing crimes in the…