Real-Estate News

DEMAND FOR REAL ESTATE HIT BY COVID IN THE SECOND WAVE?

  New project launches declined by over 90% after March, says a report by the website The second wave of COVID-19 caused a mighty blow to real estate in the twin cities with new launches declining by over 90%, inquiries having dipped by 30%, and sales plummeting up to 90% post-March onwards, said real estate website ‘99acres.com’ in a report released on Wednesday. “The economy went...

Aggression in office spaces in Hyderabad? Hyderabad has the highest leasing rate in the country.

  IT CORRIDOR Hyderabad has the highest leasing rate in the country Today, Hyderabad‌ City dwellers are not just buying houses, they are recently investing in commercial and office structures. These tend to have a higher rental income compared to house rents. The office market is moving in line with their expectations. Hyderabad has surpassed Bangalore for the first time in office leasing....

Telangana: No Farmland is allowed for registration if the area of the farm plot is less than half-acre (20 Guntas)

FARMLAND PLOT MA&UD Dept has ordered that prohibition of registration of farm plots if the area of the plot is less than 2000 sq mts or 20 Guntas This order has been issued according to the Telangana municipalities Act,2019. Telangana Panchayat Raj Act,2018 through Memo No G2/257/2019. Dated 26/08/2020 of commissioner & I.G. Stamps & Registration Department. According to Telangana...

Telangana: 2021 New Registration charges are implemented.

The State Cabinet has taken a final decision on hiking registration rates and upward revision of land values. The Cabinet, according to sources, discussed at length the proposals submitted by the Registration and Stamps wing of the Revenue department for enhancing the registration values which remained constant since the formation of the State. The registration charges are proposed to be increased to 7.5 %...

TELANGANA: PLOT IN 60 YARDS?? IN NEW G.O., NEW GUIDELINES FOR LAYOUT PERMISSION.

60 SQ YARD PLOT SIZE  In a major initiative for budget housing, Municipal Administration and Urban Development (MA&UD) Department issued a G.O., to facilitate the poor in the State to buy small plots and construct their dream home as developers can now develop 60-yard plots in layouts. Earlier, the minimum size of plots in layout was 143 yards and this has now been reduced to 60 square yards....

Is the Telangana government set to hike land value, registration fees?

LAND VALUE HIKE Telangana government is in discussions to enhance the land value of non-agriculture lands between 30% to 50%. Due to pandemic lockdown, the revenue of the government has decreased. It hurt the government exchequer. After GST and Excise, revenue is earned by the government through property registrations. If CM K. Chandrashekar Rao okays the proposal, the land market value may be...

DEMAND FOR THE REAL ESTATE SECTOR DECREASED? DUE TO THE COVID CRISIS? UPDATE & LATEST NEWS 2021

WILL DEMAND FOR REAL ESTATE DECREASED DUE TO THE COVID CRISIS!       The city’s real estate market has got a boost as the demand for fresh housing units is rising. The RBI has reduced the repo rate to 4%, making borrowing cheaper for home buyers. Consequently, home loan interest rates are already as low as 6.95%. This would act as a booster for buyers to invest in property at a cost...

“Did Telangana Government Earmarks Rs 400 Crore For Taking Up Land Survey.”

Telangana government earmarks Rs 400 crore for taking up the land survey   While it is estimated that Rs 600 crore would be needed for a complete survey government allocated Rs 400 crore. The balance will be released in the 2022-2023 fiscal. For taking up an integrated and comprehensive land survey in the state, the government has earmarked Rs 400 crore in the upcoming financial year. The revenue...

Telangana government to crack the whip on illegal land schemes

  Telangana government to crack the whip on illegal land schemes ​It added: “... the sale of UDS lands without prior registration of the project with TS-RERA shall attract penalty up to 10% of the total project cost under Section 59 of the RERA Act, 2016.” HYDERABAD: Cracking the whip for the first time on developers illegally selling undivided share (UDS) of land in realty projects, the...

Is Telangana Government offerering 121 sq yard of a developed plot per acre given for Hyderabad Pharma City

 121 sq yards Land offered to farmersA blueprint of a nearly 500-acre residential layout developed within Hyderabad Pharma City for the affected property owners In a bid to convince landowners to part with their property for the prospective Hyderabad pharma city on the outskirts of the city, the state government has offered an additional 121-square yard (a gunta) developed plot per acre of land given...

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