Banjara Hills
The income tax department conducted the raid on the residence of real estate businessman G Amarender Reddy. During the raid the IT department seized incriminating documents related to the huge cash transactions outside the books. Mr. Amarender Reddy is a close friend of former chief minister N Kiran Kumar Reddy. Mr. Reddy is the chairman [...] Continue Reading »
Hyderabad- Somajiguda is one of the major localities of central Hyderabad. It was once a peaceful residential locality which has transformed into a modern business center in the city. Currently, the locality is witnessing hike in residential rental values. Investment in such a property will ensure handsome returns. Residential development As per commonfloor data, the [...] Continue Reading »
Hyderabad: The revision of property tax may be a relief for the owners of large number of commercial buildings in the city. Areas like LB Nagar, Uppal, Qutbullapur, Malkajgiri, Kapra, Vanasthalipuram, Kothapet, Kukatpally, Saroornagar, Karmanghat and Gaddiannaram may witness a fall of 25 – 30 percent in property tax. Documents presented at Greater Hyderabad Municipal Corporation [...] Continue Reading »
Retail demand in Hyderabad has remained stable in past couple of months. With vacancy remaining stable in the existing malls, retail real estate scenario is creeping up in the city. Some of the recent retail transactions have been KFC leasing space at Abids and Towlichowki, Kalaniketan leasing space at Kukatpally and Tanishq leasing space at [...] Continue Reading »
Hyderabad’s retail market is gradually expanding to suburbs and peripheral areas as demand for retail space grows in the suburbs. The retail activity is no longer confined to high streets. As the malls are almost fully occupied, leasing activity is slow in malls in CBD areas but vacancy rates and rents remained stable in existing [...] Continue Reading »
The tussle between Wakf Board and encroachers seem to have no end. Complaints have been made about wakf board land falling prey to land grabbers, a two-acre graveyard on Road No. 12 Banjara Hills. The entrance of the Third Battalion Muslim Graveyard was blocked about six months ago and the task force officer deputed by [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) faces issues with giving land compensation to property owners as the Town Survey and Land Records (TSLR) has not been updated for decades. The owners are worried as their properties are still listed as government land in the land records even though they had purchased them long back. This came to [...] Continue Reading »
The land disputes in the prime area of Banjara Hills remain unresolved from decades, between government and private parties that claim to be its owners. Up to 140 acres of vacant land in different parts of Banjara Hills worth as much as 3,000 crores is under litigation presently. Claimants of these properties are descendents of [...] Continue Reading »
The construction raw materials and debris on the roads of Banjara Hills in Hyderabad is quite a common site. The citizens who are busy constructing their houses in this area limits are least bit worried about paving way for the smooth ply of vehicles in Banjara Hills. This is a sign of irony wherein the [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) has given a rude surprise to L B Nagar property owners. As per sources, GHMC had sent revised tax notices to the shop owners for the last two months. But the notices had numbers which was unbelievable to the owners. The new tax rules says that rates have been levied [...] Continue Reading »
