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The report indicated that West Hyderabad accounted for a significant portion of total sales, holding 54% of the market, although demand declined even in these prominent areas. North, South, and East Hyderabad followed with 28%, 13%, and 4% of the market share, respectively. All regions experienced decreases in sales, ranging from 3% to 26%.
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Of the Rs 26,000 crore needed for constructing Amaravati Phase-1, the World Bank and Asian Development Bank (ADB) came forward to lend Rs 15,000 crore
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Sales of properties priced at Rs 4 crore and above dropped sharply to 200 units in Q3 2024, down from 630 in the same period last year - a staggering 68 per cent decline.
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Post COVID there was a rise in farm plots sales and most of these were coming up in the conservation zones.
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Typically, the Dasara season is viewed as an auspicious time for buyers, builders, and developers, with a notable increase in inquiries and bookings for new properties, including flats and plots. However, this season, the real estate sector, particularly in Hyderabad, has seen a lack of enthusiasm and activity.
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On the social media platform X, he blamed the 42% decline in the housing market on the policies and actions of Chief Minister A Revanth Reddy’s administration. He highlighted a significant 42% drop in Hyderabad’s housing market within just the third quarter of the year.
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A few managements are even being forced to issue public statements stating that their properties were not in such encroached or illegal areas
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According to PropTiger.com's latest report, "Real Insight Residential – April-June 2024," the city experienced an overwhelming 58 per cent drop in new housing units, making it the biggest loser among the top eight cities.
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The State government also issued orders appointing former IAS officer Chitra Ramachandran and Advocate Pradeep Kumar Reddy Palle as Members of the Telangana Real Estate Appellate Tribunal.
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They were identified as Guguloth Chandrashekhar (23), a resident of Kondapur in Dholmitta mandal, Agulla Srinivas (36) and Kadari Jalandhar (34).
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Illegal layouts cause losses to the government as the developers evade various taxes.
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The company revealed an impressive development potential of 3 million square feet (msf) in Hyderabad. This marks a substantial expansion in DLF's real estate portfolio.
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Data from the Integrated Grievance Redressal (IGR) Telangana, compiled by Square Yards for Q4 2023 (October to December), highlights a dynamic real estate landscape marked by substantial transactions across diverse micromarkets.
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Despite the anticipated decrease in affordability levels from their zenith, Hyderabad's residential sector is all set to experience robust market activity well into 2024
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The city's expansion in the technology sector and industrialization has become a catalyst for the proliferation of residential development, notably in proximity to key office micro-markets such as the IT Corridor and Extended IT Corridor in the western part of Hyderabad.
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The city has seen a sharp decline in the sales of affordable homes during Q3 2023, spanning from July to September
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The latest data from Anarock Research reveals that Hyderabad experienced 60 per cent annual increase in new housing supply.
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Overall, across the country, the green compliant office stock too has registered a growth.
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Homebuyers' body FPCE has suggested that concessions to real estate developers should be provided only for legacy stalled housing projects.
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Two employees of a cash management agency siphoned off Rs. 1.37 crore over last two years, spent the money lavishly before approaching the management and admitting their guilt.