Telangana govt implements revised market rates of properties

04 Feb 2022 CW Team

On Tuesday, the Telangana government, despite appeals from industry bodies to delay the launch, went ahead and executed updated market costs of properties in the state. The growth ranged anywhere between 25% and 50% depending on the type of property, with high-value land observing a maximum hike.

Open plots and flats witnessed a lower revision. As per the official data, the land value in Kokapet's residential localities, an upcoming realty destination in the city reached Rs 14,400 per square yard. It was around Rs 10,000 per square yard until recently.

In Puppalaguda, which is already home to numerous high-rises and big-ticket housing projects, the increase is steeper. The updated market value here has been fixed at Rs 21,000 per square yard, a neat 50% hike.

As per some industry developers, The new rates are much higher than that in a few cases. In the Kondapur-Gachibowli belt, for example, the market value of commercial properties fixed at upwards of Rs 26,000 per square yard was no more than Rs 12,000 to Rs 14,000 earlier. This update is going to push up the final cost of the property particularly, said a developer with projects in Shankarpally where the market value has been updated by 40%, from Rs 2,000 to Rs 2,800 per square yard.

This belt is additionally a fast-developing real estate pocket sitting on the fringes of Hyderabad.They understand that this update was long due. But they would have been comfortable with it had other costs not been raised simultaneously, particularly stamp duty that jumped from 6% to 7.5%, said a well-known developer.

The registration and stamps department of Telangana is likely to earn an additional Rs 3,000 to Rs 4,000 crore after the increase of rates.

Image Source

Also read: NMC not ready to waive tax on properties with less than 500 sq ft

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..