Hyderabad's housing market remains resilient, with a significant 20% growth in total sales value during the September 2024 quarter, despite a slight sequential dip. Square Yards reported a 7% rise in annual residential transactions, while leading developers like Aparna Constructions and Prestige Group observed strong demand for projects near the Outer Ring Road (ORR). The city saw a shift towards mid-to-high priced properties, with larger home configurations gaining popularity. The Western suburbs led in both transaction volume and sales value, underscoring the area's appeal among homebuyers and investors.Read more

Hyderabad is gearing up for a major metro expansion with the Phase 2 project, including a 40-km line connecting Rajiv Gandhi International Airport (RGIA) to the proposed 'Fourth City' at Mucherla. The project, which involves six new corridors covering 116.2 km, will integrate key areas like Patancheru, Kokapet Neopolis, and Hyderabad's Old City. This expansion, estimated at INR 32,237 crore, is expected to transform urban mobility, especially with the revised airport metro alignment now running via Aramghar and NH-44Read more

iSprout, a prominent player in the managed office space industry, has leased an additional 1 million square feet of workspace in key locations across Hyderabad, bringing its total managed space in the city to 1.7 million sq. ft. This expansion includes prime spots like SAS iTower, iSprout Tower at Minaas, and Trendset Jayabheri Connect. The move underlines iSprout's commitment to providing modern, flexible workspaces that cater to the growing demand for innovation and productivity, positioning the company for continued growth by 2025.Read more

Amid ongoing confusion over regulations for construction near lakes and water bodies, the HMDA and GHMC have paused approvals for 400-500 building and layout applications. While no official order halts permissions, uncertainties surrounding Full Tank Levels (FTL) and buffer zones have prompted delays. Real estate developers fear these setbacks, especially during the key October-December buying season, may impact the market. The Hyderabad River Authority and Lake Area Administration (HYDRAA) has tightened oversight, leading to suspensions and legal action against officials involved in prior irregular approvals.Read more

91Springboard, a pioneer in coworking spaces in India, has opened its third hub in Hyderabad's HITEC City, increasing its total workspace to 1,40,000 sq. ft across the city. Located at Raheja Commerzone Hetero Tower, this 48,000 sq. ft hub offers customised office solutions for businesses of all sizes, blending flexible spaces with cutting-edge design and amenities. With its strategic location and exceptional services, the hub aims to cater to the evolving needs of modern enterprises and professionals while enhancing their work experience.Read more

In light of the demolition of buildings near the full tank level (FTL) and buffer zones by the Hyderabad Disaster Response and Asset Monitoring and Protection Agency (HYDRAA), banks are adopting a more cautious approach to house loan approvals. Sources reveal that loan sanctioning teams must strictly adhere to construction plans, with no allowances for the usual 10% deviation. Officials are now required to conduct field visits instead of relying solely on assessments from engineers. Although revised guidelines are not yet issued, the process is expected to become more structured, affecting property purchases and complicating recovery of loans for demolished structures.Read more

The Greater Hyderabad Municipal Corporation (GHMC) is considering a system allowing property owners to pay taxes monthly instead of annually, aiming to ease financial pressure. The proposal would offer 12 equal instalments, particularly for properties with taxes over INR 3,000. GHMC expects to collect INR 150-170 crore monthly, ensuring a steady cash flow for city development projects. With 1.9 million property tax assessments, GHMC aims to reduce unpaid taxes by making payments more manageable. This initiative aligns with GHMC's goal to modernise revenue collection and improve tax compliance while supporting ongoing urban development.Read more

In the wake of merging 51 villages with neighboring municipalities in Hyderabad, there has been a notable rise in unauthorized building permits issued by panchayat officials, who continued using the e-Panchayat website despite the merger. The Hyderabad Metropolitan Development Authority is responsible for permits for structures with three or more floors, but panchayats bypassed established procedures. In response, the municipal administration department has directed residents to use the TG-bPASS (Telangana Building Permission Approval and Self-Certification System) website for all building permits. District panchayat officials have sealed records while awaiting further instructions on the demerger process.Read more

Tensions have escalated in Raidurg Paigah village, Hyderabad, following a demolition drive by the Greater Hyderabad Municipal Corporation (GHMC) and Telangana Leather Industrial Development Corporation (TLIDC) to clear 5.8 acres for the Unity Mall project. While the INR 200 crore mall promises economic growth, locals protest, asserting legal ownership of the land. The TLIDC claims rights to 42 acres, insisting residents have no legal claim. The conflict highlights the ongoing struggle between urban development and residents' rights, with the outcome potentially impacting property rights in Hyderabad.Read more

Hyderabad's real estate market is booming, with over 46,000 homes registered in 2024, leading to a 40% revenue increase compared to last year. In July 2024 alone, 7,124 homes were registered, totaling INR 4,266 crore- a 48% year-on-year increase. The surge in home ownership interest has also boosted state revenue from stamp duty, reaching INR 28,578 crore from January to June 2024. The market covers four districts: Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, with a growing trend towards luxury homes. In July 2024, demand for properties over INR 1 crore surged by 94%, while interest in larger homes also increased. Buyer preferences are shifting, with more focus on premium and spacious properties.Read more

Hyderabad-based CtrlS Datacenters Ltd. has acquired a land parcel worth INR 400 crore in Patna to develop a new data center with a 10MW IT load capacity, capable of housing over 1,000 racks. This will be the company's second facility in Patna, located just 300 meters from its existing DC1 center. Facilitated by the Bihar Industrial Area Development Authority (BIADA), this expansion underscores CtrlS's commitment to growing its presence in Patna. The company, one of Asia's largest rated-4 datacenter operators, aims to establish over 20 Edge Data Centers across Tier-2 and Tier-3 cities. Founder and CEO Sridhar Pinnapureddy highlighted the project's potential to attract investment and create employment in Bihar, praising the state government's supportive policies. CtrlS also has ambitious expansion plans across India, including a INR 2,200 crore project in Kolkata and a recent DC-3 launch in Hyderabad.Read more

In June 2024, Hyderabad recorded its second-highest monthly-residential-sales, with home registrations worth INR 4,288 crore, a 48% YoY and 14% MoM increase. The city registered 7,014 units, up 26% YoY and 16% MoM. From January to June 2024, 39,220 properties were registered, a 15% YoY rise, valued at INR 24,287 crore, a 39% increase. The average home cost rose 21% YoY. Properties under INR 50 lakhs saw a decline in registrations, while those over INR 1 crore rose to 14%. Demand for homes sized 1,000-2,000 sq-ft dominated, with larger properties also seeing increased interest.Read more

Hyderabad's ambitious Musi River revitalization project is hindered by extensive development within its 50-metre buffer zone, surpassing earlier limits. This zone, crucial for river protection, hosts 12,000 buildings and 200 open plots, including apartments, gated communities, houses, and graveyards. The Musi Riverfront Development Corporation (MRDCL) is mapping these encroachments, crucial for restoration plans. Chief Minister K. Chandrashekhar Rao plans discussions with local legislators for support in acquiring affected properties. While removal is essential, fair compensation and rehabilitation are planned, including potential 2BHK apartments for affected families. Balancing development needs with environmental restoration remains pivotal for project success.Read more

Hyderabad is becoming a major hub for global BFSI (banking, financial services, and insurance) companies, with several significant acquisitions in the first half of 2024. Notable transactions include Cigna Healthcare securing approximately 900,000 sq ft and Metlife obtaining around 250,000 sq ft of office space. Companies like DTCC and Ameriprise have also established smaller spaces. SwissRe and Lloyds Bank expanded their existing footprints. The BFSI sector has become one of the top three office space occupiers in H1 2024, accounting for 30% of the share, driven by Hyderabad's strategic location and skilled talent pool.Read more

Hyderabad is undergoing a monumental transformation aimed at positioning itself as a global city, driven by ambitious developmental initiatives under Telangana Chief Minister A Revanth Reddy's leadership. Key projects like the Musi Riverfront Development, Regional Ring Road (RRR), and Metro Rail expansion are pivotal in enhancing infrastructure and attracting global investments. Discussions with Cushman and Wakefield Asia Pacific highlighted Hyderabad's robust growth across real estate sectors, underscoring its emergence as a top destination for commercial and residential developments. With a focus on sustainability and strategic partnerships, Hyderabad aims to set new benchmarks in urban development, fostering economic prosperity and improving residents' quality of life.Read more

The Telangana High Court has issued notices to the collector and registrar of Medchal Malkajgiri district concerning a potential land encroachment case. This action follows a Public Interest Litigation (PIL) by Gadeela Raghuveer Reddy, alleging misuse of a 10-acre government plot in Bowrampet, Dundigal. The PIL claims private individuals have illegally registered their names in revenue records and received approvals for commercial use. The High Court has directed the authorities and the accused to respond within two weeks, highlighting the need for strict land use regulations and preventing government property encroachment. The case's outcome could impact regional land management practices.Read more

The Telangana government is crafting an ambitious master plan for the Hyderabad Metropolitan Region (HMR) aimed at guiding development until 2050. With a budget of INR 6.5 crore, the plan focuses on economic growth, transportation infrastructure, and environmental sustainability. Separate consultants are developing sub-plans: a INR 2 crore Economic Development Plan, a INR 3 crore Comprehensive Mobility Plan, and a INR 1.5 crore Blue & Green Infrastructure plan. This initiative targets phased improvements across three zones, emphasising well-balanced urban expansion and sustainable growth, ensuring Hyderabad evolves into a major economic and cultural hub.Read more

As Hyderabad's IT sector thrives, multinational companies are seizing the opportunity, leasing over 8.7 lakh square feet of office space across the city. Key players include Qualcomm, LTIMindtree, IBM India, and S&P Capital IQ India. Qualcomm leads with 4.14 lakh sq. ft in Hitech City's Skyview, followed by IBM India and S&P Capital IQ India in the same building. LTIMindtree secures 1.09 lakh sq. ft. These five-year leases with built-in rent increases signify the city's robust commercial real estate market. Moreover, Hyderabad's residential sector, particularly in West Hyderabad, has witnessed a significant uptick, underlining the city's promising growth trajectory.Read more

Kothaguda, located in the western part of Hyderabad, is a rapidly developing suburban locality known for its excellent connectivity and modern amenities. The area offers a wide range of housing options, from luxurious gated communities to budget-friendly apartments, catering to diverse preferences and budgets. In April, Bollineni Bion led real estate transactions, highlighting the area's appeal to both luxury and value-conscious buyers. With its strategic location along the Outer Ring Road, proximity to schools, hospitals, and shopping centers, and a blend of urban and natural environments, Kothaguda is poised to become a prime residential hub in Hyderabad.Read more

Nilima Prasad Divi, daughter of Divi's Laboratories founder, Murali Divi, has purchased two properties in Hyderabad's Jubilee Hills for INR 80 crore. Each plot measures 11,043 square feet, bought at INR 40 crore apiece. This transaction highlights Jubilee Hills' premium real estate market, where land prices range from INR 25,000 to INR 35,000 per square foot. The area's exclusivity, with low-density neighbourhoods and large plots, attracts affluent buyers. This trend aligns with increased luxury real estate investments in India's major cities, driven by the rising number of high-net-worth individuals seeking spacious, luxurious living environments.Read more