hyderabad Real Estate

Properties in areas where all civic amenities are in place will have to pay more property tax from October 1, 2012.

Groundwater, a precious natural resource, is for all practical purposes a private property in India. Anyone can bore and extract water from the land he owns with few rules to restrict over-exploitation.

Property-owners whose Building Penalisation Scheme (BPS) applications are pending with the Greater Hyderabad Municipal Corporation (GHMC) and Hyderabad Metropolitan Development Authority (HMDA) can get the same cleared now

Traders waging a legal battle against the Hyderabad Metro Rail Ltd (HMRL) find themselves caught in a dilemma over the latter's offer to 'spare' select properties in Ameerpet, Greenlands and other areas

An attachment notice issued by the local Income Tax (I-T) department on the Malaysian Township (Rain Tree Park) project has left its residents fuming.

Succumbing to pressure from builders and realtors' lobby, the state govt has amended the order (GO No. 45) and gave them relief from reserving 20% of developed land or housing units to economically weaker sections (EWS) and low income groups (LIG).

Although it is committed to deliver the Hyderabad Metro Rail five years from now, (L&T), the contractor for the project, is not in a position to estimate its likely cost with the situation being seen as too dynamic for company boss to make any guess/

Sensing the arrest, some of the employees of Gupta had earlier obtained anticipatory bail. Gupta was evading arrest in another case based on a complaint filed by DLF in which he was charged with defrauding the company of Rs 280 crore

We have served the companies notices and written to the IT department too. There is nothing we can do about it now," said K Dharma Reddy, executive director, APIIC.

The HMDA had in its budget estimates for 2012-13 proposed to raise about Rs 355 crore through sale of land and plots. "Even if the authority raises Rs 100 crore, it will be a great relief for HMDA," a senior official said.