The recently surveyed Knight Frank's Wealth Report, among all the metropolitan cities Hyderabad is home to 467 ultra-high net worth individuals (UHNWIs, with a net worth of USD 30 million (over Rs 225 crore) and above) in 2021, the second-highest in India following Mumbai (1,596 UHNWIs), and much ahead of Bengaluru and Pune. The ultra-wealthy population in Hyderabad is expected to increase by 56 percent...
Real-Estate News
Hyderabad is one of the largest and fastest-growing real estate markets in India, rivaling Mumbai and Bengaluru, and other metropolitan cities.The property show which was held at hitex a two-day SBI Mega Property Show. As many as 52 companies had converged at the property show. The SBI’s Hyderabad Circle has achieved a growth of over ₹5,000 crores this year, It is soon to become the largest real...
The scheme starts from March 1 to 31 March 2022 is the last date to clear all the pending challans by clicking the link https://echallan.tspolice.gov.in/publicview/ . The facility is available only for those who had been fined under any of the three commissioners Hyderabad, Cyberabad, and Rachokonda. Discounts: 2-wheelers and autos are allowed a discount of up to 75%.            ...
Telangana traffic police have come up with a one-time opportunity to clear the pending challans. The scheme starts from March 1 to 31 March 2022 is the last date to clear all the pending challans by clicking the link https://echallan.tspolice.gov.in/publicview/ . It has been found that 600 cr pending challans are outstanding due to the covid-19 outbreak and its effects on the economic...
The High Court has issued the same order requiring registrations for plots in unauthorized layouts and unauthorized structures. The Department of Stamps and Registrations IG issued two memos on August 26 and December 29, 2020, asking them not to register plots in unauthorized locations and buildings constructed without permission. For this reason, many have approached the High Court challenging the...
The Telangana government has initiated the process for regularisation of encroachments of unobjectionable lands owned by people, as well as those owned by various departments/corporations/institutions. Government Lands- Extension of time limit to receive applications for assignment/regularization and transfer of rights over encroachments of unobjectionable lands, in terms of G.O.Ms.No.58 &...
HMDA to once again monetize plots in Bahadurpally of Medchal-Malkajgiri district and Thorrur of Ranga Reddy district. The auction process is done outside GHMC limits and the responsibility is given to HMDA who has expertise in auctioning and selling the lands and monetizing and filling the exchequer. A total of 324 plots in both the areas of which 101 plots in Bahadurpally and 223 plots...
Telangana government has revised the market value for agriculture and non-agriculture lands under G.O.Ms No: 23, Revenue (Registration) Department dated 19-1-2022 and order commissioner, I G Stamps & Registration Dept to implement. The market value has been revised and hiked 50% for Agriculture, 35% for Non-Agriculture, and 25% for Apartments. The Revised Market Value shall come into force in the...
This a very prospective, positive news for the residents and investors of Mahabubnagar district. The Union Governments Road Transport & Highways minister Nitin Gadkari has given a nod to the highway project of about 60.25 km ORR like a project to the Mahbubnagar District. The union government has given technical and administrative approvals for the construction of a 60.25 km highway...
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...