Tag: Real Estate regulations

Layout Regularization Applications Allowed Till June 2012

Illegal plot owners have now another opportunity to regularize their layouts. As per the directive released by Municipal Administration and Urban Development Department, the government has allowed the respective municipal and urban development authority bodies to accept the Layout Regularization…

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…

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…

Builders Enjoying Profits by Lowered Floor Height

Builders of Hyderabad are decreasing the floor height to make some extra floors and attain huge profits through residential projects. According to the revised GO-86 of 2006, the building permissions are given with respect to the height of an apartment…