Hyderabad
Hyderabad- The city will soon witness 100 percent hike in residential property tax. However, the property tax rates for commercial buildings in some of the areas may reduce. In this regard, the Greater Hyderabad Municipal Corporation (GHMC) will invite suggestions and objections from citizens on the new tax rates within seven days. The last revision [...] Continue Reading »
Hyderabad- Owing to poor civic facilities at Rajiv Gruha Kalpa colonies, many flat allottees are not willing to stay in the flats. It is found that over 6,000 residential units are lying empty. Few allottees have even sold off their flats and some are reluctant to pay the increased cost to the state government for [...] Continue Reading »
Hyderabad- L&T Metro Rail Hyderabad Limited project is developed on a revenue model which aims to collect 50 percent revenue from passenger fares, 45 percent revenue from property development and the remaining five percent from advertisement and other miscellaneous sources. The Rs 14,132-crore metro rail project is one of the largest urban infrastructure projects in [...] Continue Reading »
Hyderabad- The number of property registration cases have increased after the decision of Registrations and Stamps (R&S) department to hike land values. Various sub-registrar offices (SROs) are witnessing spurt in property registration. The department has proposed to increase basic values of land and apartments for which the registration would be effective from April 1, 2013. [...] Continue Reading »
Hyderabad- The Hyderabad Metropolitan Development Authority (HMDA) has decided to inspect the 289-km Regional Ring Road (RRR). The RRR is being planned outside Outer Ring Road (ORR) which gives great connectivity to all major parts of the city. The construction work of ORR is progressing in full swing and is expected to be completed by [...] Continue Reading »
Hyderabad – The Hyderabad Metropolitan Development Authority (HMDA) has proposed a budget of Rs 3,772 crore for the year 2013-14. A major part of this budget (Rs 1,551) is allocated for the Outer Ring Road (ORR) project in order to ease traffic congestion in the city. The budget proposed by HMDA is around Rs 800 [...] Continue Reading »
Hyderabad – With the financial year nearing, civic bodies all over India are coming up with new strategies to collect property tax dues. In this regard, Greater Hyderabad Municipal Corporation (GHMC) has directed that if a building is detected to be out of tax net of the civic body, the owner evading property tax will have to [...] Continue Reading »
Hyderabad – The Union Budget 2013-14 has disappointed entire real estate industry by highly affecting the premium homes business in Hyderabad as it has increased service tax to 3.6 percent from erstwhile 3.09% for house worth Rs 1 crore or more (carpet area of 2,000 sq ft or more). According to the real estate developers [...] Continue Reading »
Hyderabad – A premium classy project named “Rainbow Vistas” is coming up in Hitech city, IT hub of Hyderabad. It is a joint venture by Ashoka Developers and Builders Ltd and Cybercity Builders and Developers Pvt. Ltd. Rainbow Vistas Rock Garden is an integrated township which sprawls across 13 acre with enough greenery. They offer [...] Continue Reading »
Hyderabad – The city is all set for the two hour power cut from March 1, 2013. This daily heavy power cut will be for all domestic consumers throughout the state. The energy department has decided to restart this power cut and is expected to continue till the end of April 2013. This decision was [...] Continue Reading »
