Telangana govt implements revised market rates of properties
Real Estate

Telangana govt implements revised market rates of properties

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

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

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?