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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.
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The RERA issued show cause notices to five companies involved in real estate projects for violating norms and ordered them to reply within 15 days.
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The regulatory authorities of 30 States/UTs have operationalised their websites under the provisions of RERA.
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Data collated by Knight Frank India for its latest report revealed a citywide registration count of 5,557 residential properties, accompanied by 35 per cent YoY increase in the total worth of these properties, amounting to Rs 2,878 crore
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Even as Hyderabad real estate continues to exude positive vibes, the demand for luxury housing in the city and suburbs has picked pace in the recent years.
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With its fundamentals remaining strong and driven by a sustained positive demand, Hyderabad real estate market has been evolving with newer narratives in the last few years.
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The number of residential property registrations in the city experienced 3 per cent year-on-year increase this June
