Hyderabad
According to industry sources, Hyderabad has been witnessing an increase in the demand for residential properties, especially smaller sized apartments over the last few months. Projects which are in the stage of possession or are in the process are finding ready buyers with unit sizes ranging from 900-1,000 sq ft which have further led to [...] Continue Reading »
A premium residential gated community, BRC Sri Hemadurga Sivhills at Manikonda, has been launched by RC Infra, a Hyderabad-based real estate developer. The Rs 300-crore project, funded partly by promoters and financial institutions. The project has seven blocks with 742 apartments and 12 floors in each block which has three and four bedroom apartments. A [...] Continue Reading »
The property tax is likely to witness an increase in both residential and commercial properties. A draft of the proposed rates will be issued a day before Diwali. The property owners may have to pay more tax for the second half of the year (October-March). If the proposal is accepted, the minimum tax for residential [...] Continue Reading »
With the enhancement of fee for encumbrance, marriage certificate and many other services of the registration and stamps department few months ago, the state government is working towards increasing the land value for both agriculture and and non-agriculture land for registration purposes. With the increase in the land value, the property buyers will have to pay [...] Continue Reading »
With the arrival of the festive season, the residential sales across most micro markets in and around Hyderabad are witnessing a great improvement. There are a number of new launches in the city especially in the villa sector. Projects like First Leaf by Pooja Ventures was launched at Tellapur, The Retreat by Rajapushpa Properties and Vasathi [...] Continue Reading »
With almost all the cities coming up with property shows, the latest one is by Andhra Pradesh Real Estate Developers Association. This property show is the third edition in Hyderabad and will be held on November 10 and 11. Along with other items the property show will include a conference on ‘Real Estate which will focus on accelerating [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) is all set to hike the property tax despite stringent opposition from corporators. The GHMC, does not need permission to hike the property tax according to the Municipal Act, as the act says that the corporation can revise tax every five years and last revision was made in 2007. [...] Continue Reading »
Smondo, an integrated residential project in the IT hub of Gachibowli in Hyderabad has been launched by Patel Realty. The project spreads across four acres and divided into II phases with 180 apartments respectively. The size of the apartments ranges from 990 sq ft to 1,435 sq ft and are presented as new age homes [...] Continue Reading »
Chennai witnessed the highest absorption of office space at 1.32 million sq. ft in the third quarter of 2012 while Bangalore and Hyderabad witnessed an absorption of 1.25 million sq ft and 0.50 million sq ft respectively, according to a report by Cushman & Wakefield. The report said that this trend is due to the [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) is planning to double the tax, so the residential property owners have to pay more tax. According to the authorities, property tax of commercial properties in L B Nagar, Uppal, Malkajgiri and Qutubullapur municipal circles may be cut by 15-20%. GHMC is to raise minimum property tax to 80 [...] Continue Reading »
