My Home Constructions to invest $2 billion in commercial project in Hyderabad – ET RealEstate

Hyderabad-based My Home Constructions, a premium real estate residential and builder, plans to invest $2 bn to develop India’s largest commercial project. The firm plans to develop a 25 mn sqft of office project in the financial district of Hyderabad apart from expanding its residential footprint. “The entire project will be funded through internal accruals […]

About 410 families in Hyderabad get two-bedroom houses – ET RealEstate

HYDERABAD: It was a memorable moment for 410 families, who received the keys for the new two-bedroom homes built under Telangana government’s Dignity Housing Scheme on Thursday. These housing units built with Rs 35.15 crore are located in Secunderabad and Musheerabad assembly constituencies. The housing societies built in Musheerabad are Sai Charan 2BHK Housing Colony […]

Telangana: 162 poor families get two-bedroom homes – ET RealEstate

HYDERABAD: It was a memorable moment for 162 families, who received the keys for the new two-bedroom homes built under Telangana government’s Dignity Housing Scheme on Monday. All these years these families had spent their lives in a slum settlement in Sanathnagar. The Potti Sriramulu Nagar 2BHK Housing Colony in Bansilalpet division, which has come-up […]

Model tenancy act to help create effective rental marketplace in India: Report – ET RealEstate

The recently approved Model Tenancy Act, 2021 is expected to help create an effective rental market in India and urban India’s 21.72 million rented households offer a huge market opportunity for market participants to focus on housing projects solely for rental purposes, said a joint report by Knight Frank India and legal firm Khaitan & […]

About 330 families get keys to 2-BHKs under Telangana government’s housing scheme – ET RealEstate

HYDERABAD: As many as 330 families on Saturday were handed over the keys of lake-view apartments in Ambedkar Nagar near Hussainsagar under the government’s 2-BHK housing scheme. The 330 families were part of the 784 from economically weaker sections who will get houses under the government’s flagship housing scheme within the next two weeks. The […]

2BHK houses for poor with lake view come up in Hyderabad – ET RealEstate

HYDERABAD: The Telangana government has built 330 double bedroom houses for poor people near Hussain Sagar lake in Hyderabad, and Urban Development Minister, K.T. Rama Rao will be handing over these houses to the beneficiaries later this month. Three multi-storey buildings comprising 330 units, overlooking the picturesque lake, have come up in what used to […]

Telangana government to soon extend financial aid to build houses on own land – ET RealEstate

HDYERABAD: The TRS government will soon start extending financial assistance for construction of 2BHK units to those having residential plots. Finance minister T Harish Rao said this at the inauguration of about 56 2BHK houses in Gajwel assembly constituency on Sunday. These 2BHK units were built at a cost of Rs 3.72 crore. Providing financial […]

Pandemic draw: Groundwater table hits new lows in Hyderabad – ET RealEstate

Representative image HYDERABAD: During the two waves of the Covid pandemic, Hyderabadis have extracted a lot of groundwater. The reason being: Telangana government imposed lockdown in phases based on the spike in the cases and it was observed that Hyderabad district witnessed a huge depletion in the groundwater table. The depletion was noticed when the […]

Hyderabad: Civic works stuck as cement mixing plants grind to a halt – ET RealEstate

Representative Image SECUNDERABAD: The ongoing state lockdown coupled with the departure of migrant labourers has led to a halt in operations at several ready-mix concrete plants. As a result, several civil projects within GHMC’s Secunderabad zone have slowed down to a snail’s pace. Furthermore, the oncoming monsoon which is estimated to enter Telangana in another […]

Residential realty demand to touch pre-pandemic level only after FY23: Report – ET RealEstate

NEW DELHI: Improved affordability and continuing work-from-home will increase demand for residences by an average 5-10% (in terms of area) on-year in India’s top six cities this fiscal. But two of these – Mumbai and Pune – could see demand contracting because of a higher base of last fiscal, while the rest should see a […]