The city’s IT corridor is now the most expensive in south India, beating Bengaluru and Chennai – the two other IT destinations – courtesy escalating land prices.
Land rates in the city’s Madhapur-Financial District-Gachibowli stretch has touched Rs 45 crore to Rs 50 crore per acre. This has resulted in zero land deals with all leading developers putting brakes on their investments. Continue reading
Investment banking firm Goldman Sachs has identified the city as a new location for its global shared services footprint in India.
“The new Hyderabad office will be the second location for Goldman Sachs Services in India, and will complement the Bengaluru office footprint in terms of both execution and support that it will provide to the firm’s businesses globally,” a release from the state government quoted the firm as saying on Thursday. Continue reading
In a major move for protection of Waqf properties, the Telangana government has prohibited their registration to leave no scope for unauthorised transfers.
Waqf properties have been included in the list which will be put under “auto lock” on the soon-to-be-launched Dharani Portal for online registration of properties across the state. Continue reading
South Indian cities such as Bangalore, Hyderabad, and Chennai have emerged as one of the best-performing real estate markets in the country. While the majority of the other areas across the country reported downward pressure on prices and a reduction in supply, the cities towards the South continued to resist the recessionary pressures and reported price appreciation, albeit moderate, year-on-year. The reasons behind the same can be attributed to limited new launches across the region, focus on completing delayed projects, availability of land parcels at reasonable prices, high retail growth, increased demand from Non-Resident Indians (NRIs) and the development of social infrastructure over several years. Moreover, the availability of excellent healthcare facilities, trained staff, and pleasant climate have made South India one of the most vibrant senior living hubs in India. Those who wish to invest in a safe place for the elderly, in the times of COVID-19 scare, can consider South India, as nearly 65 percent of the overall senior citizen projects are located in this region. Continue reading
Transferable development rights (TDR) is a method by which developers can purchase the development rights of certain parcels within a designated “sending district” and transfer the rights to another “receiving district” to increase the density of their new development. It is used for controlling land use to complement land-use planning and zoning for more effective urban growth management and land conservation. Continue reading
Henceforth, properties in unauthorized layouts, apartments and buildings without sanctioned plans of the civic bodies will not be registered. The Registration and Stamps department has issued a memo on 26/08/2020, directing all the sub-registrars to insist on layout approval or building permission copy for property registrations. This is applicable to the plots that have already registered and are going for second sale (resale). Continue reading
The government will soon issue an advisory to all real estate regulatory authorities and states about the special measures that need to be taken to safeguard the interest of homebuyers and all other real estate industry stakeholders, said Housing and Urban Affairs Minister Hardeep Singh Puri. Continue reading
Increased infrastructure development and competitive price points in the outlying pockets of Hyderabad have altered the home buying trend in the city. Against the yesteryears popular Gachibowli, Jubilee Hills and Madhapur, the peripheral pockets of Gandipet, Shankarpally and Shadnagar have emerged as the new favourites of investors in the city. Continue reading
At a time when industry predictions indicate that the co-working sector will suffer a major blow due to the lockdown, as they cater to a large section of startups and mid-sized enterprises, big players in the city say they are charting out plans to tackle the situation – from increasing working hours and revision of rentals to enhancing sanitation standards and incorporating social distancing norms. Continue reading
The General Insurance Council, a self-regulatory body of the country’s general insurers, has announced a one-time exemption for all businesses from losing their fire and property insurance coverage for keeping facilities shut down for a month, considering the national lockdown. Continue reading