Real Estate: Hyderabad is leading in new housing launches.

Hyderabad builders have come up with new launches surpassing the market leaders of Indian cities like Pune, Delhi, Bengaluru, Chennai, Kolkata. In 2021 it registered 36,367 new launches more than Pune which is second with 24,572, project launching a total of 1.39 lakhs of all major cities.

Hyderabad accounts for about 26 percent of the total share in new launches, followed by Pune with 18% and Bengaluru with 16%.

With builders and developers coming up with many residential projects, Hyderabad leads in new housing launches.

Of the 1.39 lakh new projects launched in cities like Delhi, Mumbai, Pune, Bengaluru, Chennai, and Kolkata, Hyderabad accounted for a majority of those.

About sales, it improved from 9,926 in 2020 to 15,787 in 2021. Home sales in the city remained almost stable at 4,503 units after significant growth in the last quarter.

Most of the developments have come up in Kompally, Medchal, Bachupally, Alwal, Bolaram, Shamirpet, Manikonda, Tellapur, Nanakramguda, Kukatpally, Miyapur, and Nizampet.

Buyer confidence was instrumental in supporting the housing market recovery in Q4 2021, which recorded a good increase in sales as compared to the same period last year.

Comments

What is Lavani Patta Land?

In Telangana, there are different types of lands titles that provide land ownership. Here Lands are segregated into Private land and Government Assigned Land, and the land owned by an individual who has Record Of Rights ROR on his name, and has legal land title ownership. Whereas government-assigned land is allotted to any individual who belongs to a BPL Below Poverty Level family to elevate their economic standards is termed as Government Assigned Land. Here it has ownership land title on an individual’s name, but assigned lands cannot be sold or transferred to anyone. To obtain a Lavani Patta one can get it from the Revenue Department of the state. The Chief Commissioner of Land Administration (CCLA) is the chief controlling authority for the revenue administration. Usually, the Tahsildar is the competent authority to assign the lands. Here, 50 percent land is assigned to Schedule Castes, 10 percent to Schedule Tribe, 30 percent to the backward classes, and the res...

Top 5 RERA Punishments every buyer must know.

PUNISHMENT PRESCRIBED FOR NON-REGISTRATION OF A PROJECT UNDER THE RERA ACT · 10 percent penalty of the estimated cost of the project. · As per section 59, where under the Act, it is obligatory for the promoter to register a project with the Authority, and the promoter fails to do the same, he shall be liable to a penalty of up to 10 percent of the estimated cost of the real estate project. Non-registration of the project may also liable for 3 years of punishment. · However, in the case of the promoter consistently defaults or does not comply with the directions/orders of the Authority as regards registration of the project with the Authority, he shall be liable to an additional fine of ten percent of the estimated cost of the real estate project or imprisonment up to 3 years or both. Penalty for violation of section 4(App...

Hibanama: A Universally Applicable Mechanism for Dispute Resolution

In the diverse fabric of India, the term “Hibanama” transcends religious boundaries, serving as a consensual mechanism for dispute resolution applicable to all communities. This blog explores the universality of Hibanama, debunking any misconceptions about its exclusivity to a particular religious group. Understanding Hibanama: Contrary to any misconceptions, Hibanama is not exclusive to the Muslim community but is a legal concept applicable to individuals of all religions in India. Rooted in the principles of voluntary resolution, Hibanama emphasizes mutual agreement and compromise in the face of legal disputes, irrespective of religious affiliations. Applicability to All Communities: Hibanama in Hindu Law: Hindu law recognizes the importance of amicable settlements, and Hibanama aligns seamlessly with this ethos. Parties involved in property disputes, family matters, or contractual disagreements within the Hindu community can opt for Hibanama to expedite justice. Hibanama...

Fine properties 360

Search This Blog