Residential projects continue to flood the Hyderabad market, particularly the western corridor, despite fears of a slowdown in the real estate sector due to inflation and rising interest rates. According to market estimates, 60,000 units will be delivered by the end of 2022, the most since 2018. This, according to developers, is due to the expansion of the IT industry, which will impact real estate growth...
by Bridl360 Last Wednesday, the state government issued GO 69 (Government Order 69), lifting certain restrictions imposed under GO 111 (Government Order 111) in 1996 to protect the catchment area of the Osman Sagar and Himayat Sagar reservoirs, which were the city's primary drinking water sources at the time. INDEX 1. What changes will GO 69 bring? 2. Impact of GO 69 removing GO 111 restrictions on Real...
by Bridl360 The Double Bedroom Housing Scheme, also known as the 2 BHK Housing Scheme, is a game changer for Telangana's urban and rural poor. For eligible BPL families, the State Government is providing two-bedroom houses with a plinth area of 560 square feet. This scheme will benefit those looking to buy 2 BHK flats in Hyderabad for between Rs. 10 and 20 lakh in the future. The Telangana Hyderabad double bedroom...
by Bridl360 People who are planning to purchase flats or land in Telangana state need to shell out higher amounts for the registration from now on. The Telangana government last week hiked the stamp duty and market value of lands in the state. Market rates for agricultural lands, apartments and open plots have increased, and the stamp duty rate is hiked from 6% to 7.5% for sale and other transactions. This is the...
by Bridl360