The Andhra Pradesh Real Estate Regulatory Authority (AP-RERA) has imposed penalties on many builders across Andhra Pradesh for not filing quarterly returns before the deadline expired. Many builders in Andhra Pradesh have either slowed the pace of construction or halted their projects mid-way due to the rising cost of raw materials required for construction, the […]
Hyderabad’s real-estate market has been one of the strongest markets in India’s realty sector according to the Economic Survey – 2021-22 tabled by Finance Minister Nirmala Sitharaman in the Parliament on 31st January 2022. The effects of global level Covid-19 pandemic and the 2 waves of the virus in India meant that there was a […]
The Government of Telangana announced last week that it is considering a hike of property registration charges which would come into effect from 1st February 2022 if the govt. passes the motion. Representatives of Telangana’s real-estate market – developers & builders mainly appealed to the state govt. on Thursday to ask the govt. to defer […]
The Secretary to the Govt. of India in Ministry of External Affairs – Sanjay Bhattacharyya has recently announced that India will soon introduce e-passports & roll them out for its citizens. The announcement was made by Sanjay Bhattacharyya on Twitter last week. He explained that the next generation e-passports will ensure data security of biometric […]
Hyderabad’s office space already has a pretty high 12-15% vacant space of the total office space available in the city, but the 3rd wave of the Covid-19 pandemic due to the Omicron variant could see the vacant workspace in Hyderabad increase further. As corporate offices have resorted to work-from-home or hybrid work culture, office spaces […]
The Chief Minister of Andhra Pradesh Y.S. Jagan Mohan Reddy launched the property registration work in 37 village secretariats in the state on Tuesday 18th January 2022. The work will commence in 37 village secretariats where the integrated land survey has already been completed on a pilot basis beforehand. This is the first time in […]
Income Tax Dept. Finds ₹800 Crore Cash Transactions After Raids on Telangana & AP Real-Estate Groups
Income Tax Dept. Finds ₹800 Crore Cash Transactions After Raids on Telangana & AP Real-Estate Groups According to the Central Board of Direct Taxes (CBDT), the Income Tax Department (I-T Dept.) unearthed transactions of more than ₹800 crores in value made in cash after it carried out raids on 3 real-estate firms in Andhra Pradesh […]
K. T. Rama Rao, better known as KTR, the son of Telangana Chief Minister K Chandrasekhar Rao urged the central govt. to reopen the Cement Corporation of India (CCI) plant situated in Adilabad, Telangana. KTR, who is currently the Minister of Industries for Telangana, wrote letters addressed to Union Finance Minister Nirmala Sitharaman and Union […]
In the last week of 2021, the Telangana High Court ordered the Telangana State govt. & the state revenue administration to forbid any construction activity in 9 plots located inside Osmania University (OU) which were sold by a housing society. After the order from the Telangana High Court, OU officials filed police compliant regarding the […]
Smartworks – one of India’s largest flexible office space providers has leased 4.5 lakh sq. ft. commercial space in Hyderabad to provide flexible workspace solutions for all kinds of organizations – start-ups to global MNCs. This deal by Smartworks has become of the largest commercial leases in India’s commercial realty market. The rapidly growing flexible […]
