After deciding to auction unutilised government land, the state government is mulling to increase land values for property registrations. After GST and excise, revenue earned through property registrations is the third highest source of revenue for the government. Continue reading
Tag Archives: Property verification Services Hyderabad
40 residential projects in Hyderabad apply for EC in April and May 2021
Despite the pandemic, the real estate industry in Hyderabad recorded brisk business in April and May, with at least 40 major residential projects of multi-story buildings having applied for permissions.
civic body sets up task force on illegal constructions
To regulate unabated unauthorised constructions in the city, the Greater Hyderabad Municipal Corporation (GHMC) has constituted a special task force (STF) to inspect all the ongoing constructions and initiate action, including demolition. The STF will also have powers to seal the buildings. Continue reading
Resumes Property Registration in Telangana
Registration of land, properties and vehicles resumed in Telangana with the extended relaxation hours coming into force in the ongoing lockdown from Monday.
The resumption of services came following the decision of the Cabinet to allow registration of lands, properties under the Stamps and Registration Department and vehicles registration under the Transport Department during the working days. Continue reading
What Is Floor Space Index (FSI)
FSI means the ratio between the area of covered floor (Built up Area) to the area of that plot (land) on which a building stands. This numeric value indicates the total amount of area (on all floors) you can build upon a plot. Continue reading
State government (TS) to crack whip on illegal land schemes
Cracking the whip for the first time on developers illegally selling undivided share (UDS) of land in realty projects, the Telangana State Real Estate Regulatory Authority (TS-RERA), on Thursday, said that such sales will attract severe punishment – up to 10% of the total project cost.
Influence of GST on real property and home buyers
Among the many taxes that home buyers have to pay on property purchase is the Goods and Services Tax or GST on flats. Many changes have already been made in this tax regime, in a short span of time since it came into force in July, 2017. In this article, we examine the implications of the GST for real estate in general and home buyers, in particular.
Regional Ring Road will boost Hyderabad Real Estate
Investments are steadily pouring in Hyderabad in the form of commercial ventures and global business companies. This has increased the real estate potential in Hyderabad to a greater extent. However, the growth and the development is restricted to the city owing to the infrastructural progress within the city limits that does not connect the neighbouring towns of Hyderabad. This lack of connectivity has made the Government realize that there could be certain problems in the future that might affect the socio-economic growth of Hyderabad. Continue reading
Foundation stone to be laid for IT Park at Kompally
Municipal and IT Minister KT Rama Rao said that the state government would expand IT to Tier II cities. He said the foundation stone will be laid at the IT hub at Kompally in Medchal-Malkajgiri district soon apart from the inauguration of IT tower in Khammam on December 7.
Continue reading
25 lakh property owners apply for layout regularisation scheme (LRS)
Though there was overwhelming response to regularisation of plots in unauthorized layouts with over 25 lakh applications across the state, many plot owners in the surrounding municipalities and municipal corporations, where illegal layouts have mushroomed, did not come forward to regularise their properties under Layout Regularisation Scheme (LRS). Continue reading