Hyderabad
Hyderabad: The Municipal Act 2019 which fell into disorder and came under judicial investigation will now be available in the Public domain. To bring transparency in giving building plan approval, Telangana govt would introduce for granting permission for the construction of a new building in the state soon said Minister for Municipal Administration KT Rama [...] Continue Reading »
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) has decided that builders neglect essential safety measures so as obstructing under-construction sites, installing dust Screens and safety measures for employees throughout a special drive. Of the 445 buildings inspected in 3 days, it had been found 195 under-construction buildings were being built in violation of safety norms. The rules being ridiculed were those concerning [...] Continue Reading »
State Bank of India (SBI) and Finance Ministry (MoF) are exploring for a legal frame where the suggested Alternative Investment Fund (AIF) for strengthening delayed housing projects will have the first charge on assets and cash flow of companies getting funding. That will finance 1,600 delayed housing projects carrying 4,58,000 housing units across the country. [...] Continue Reading »
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) proposes single challan building permission system to encourage construction activity in the city. GHMC special officer Somesh Kumar said GHMC planning to introduce new system from January 15. Once the new system comes into force, it will be easy for builders and people in the construction industry for paying challans [...] Continue Reading »
Everybody in the town is excited. There are always talks going on and on about the metro rail under construction. This is very important to Telangana because this is the first major project for them since the division of Andhra Pradesh into Andhra Pradesh and Telangana; so it is really a big deal for them. [...] Continue Reading »
Chief Minister K Chandrasekhar Rao of newly formed state, Telangana has announced to add skyscrapers to the skyline of Hyderabad in the area of historic Husaain Sagar. He believes that this will help in improving the overall appeal and image of the city. A review meeting was held by Telangana Chief Minister K Chandrasekhar Rao [...] Continue Reading »
The Hospitality chain The Best Western Group last day made an announcement that the opening of a budget property Ashoka Hitec City that is going to be coming up in the IT hub of Hyderabad. Gaurav Sarin who is the Associate Vice President, Business Development Best Western India, said, that Hyderabad is rich in Indian [...] Continue Reading »
Telangana Government Chief Secretary Rajeev Sharma on Monday met Central Government representatives and apprised them of the progress the L&T Metro Rail Hyderabad project has made so far. Accompanied by BV Papa Rao, Advisor to Telangana Government, the CS met with Union Cabinet Secretary and Principal Secretary to the Prime Minister and briefed them about [...] Continue Reading »
