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

Infrastructure Transport

17 Sep 2025

L&T Seeks to Sell Hyderabad Metro Stake Amid Financial Losses

Infrastructure major Larsen & Toubro Limited (L&T) has expressed its intention to sell its stake, exceeding 90 per cent, in the L&T Hyderabad Metro Rail project to either the state or central government through a new Special Purpose Vehicle (SPV), citing operational and accumulated losses.In a letter addressed to the Ministry of Housing and Urban Affairs (MoHUA), L&T Metro Rail stated that despite repeated follow-ups, the Telangana government has not provided the expected financial assistance. The delay is worsening the financial distress of the concessionaire, making the situa..

Ixigo Launches Delhi Metro Ticketing on Its Trains App

Online travel aggregator (OTA) ixigo has partnered with the Delhi Metro Rail Corporation (DMRC) and the Open Network for Digital Commerce (ONDC) to launch Delhi Metro ticketing on the ixigo Trains app on 12 September.As part of the collaboration, ixigo Trains now offers QR-based metro tickets with in-app payments. Users can plan and book end-to-end journeys across trains, buses, flights, hotels and now metro services on a single platform.The DMRC operates nearly 400 km of network across more than a dozen lines, making it India’s largest and busiest metro system. In August 2025, it recorded i..

Mumbai’s Metro Line 3 Nears Completion After Safety Inspection

Mumbai’s first fully underground metro line, Mumbai Metro Line 3, has moved closer to becoming fully operational as the Commissioner of Metro Railway Safety (CMRS) initiated the inspection of the last section of the Aqua Line, spanning from Worli to Cuffe Parade, on 12 September.Once this section receives safety clearance from CMRS, the entire Mumbai Metro Line 3 will be opened for passengers. According to officials, the inspection report is expected to be finalised by next week, after which the commission will conduct a final verification. Once the remaining 10.99 km stretch is approved, pa..