IndiQube targets over four million sq ft of flex-office by 2021, Real Estate News, ET RealEstate

Representative Image BENGALURU: Flexible office operator IndiQube plans to expand its managed office business across Bangalore, Pune and Hyderabad as the demand for serviced offices is expected to grow in 2021. The firm that operates around 2.5 mn sft serviced offices across major cities plans to add another 2 mn sq ft space by the […]

315Work Avenue leases around 1,00,000 sq ft workspace in Bengaluru, Real Estate News, ET RealEstate

File photo BENGALURU: Flexible office provider, 315Work Avenue has leased one lakh sq ft of office space in Bangalore to cater to the growing demand from large enterprises. The new office will be spread across two properties located at Koramangala and old Madras road in Bangalore and will have around 2000 seats. “In the current […]

RWAs in Malkajgiri approach UFERWAS over fixing watermeters at own cost, Real Estate News, ET RealEstate

HYDERABAD: Water users in GHMC Malkajgiri circle are in a dilemma over fixing water meters at their own cost. The municipal administration and urban development (MAUD) department has made fixing of water meters by consumers mandatory to avail the benefit of free water up to 20,000 litres per month. The Hyderabad Metropolitan Water Supply and […]

No match to Telangana’s housing scheme in entire India, Real Estate News, ET RealEstate

File photo HYDERABAD: Municipal administration minister KT Rama Rao said that no other state in the country has taken up the housing programme like Telangana has done. “No other state since Independence has taken up such a massive slum-free initiative in Hyderabad. The government has taken up construction of one lakh 2BHK houses at a […]

Eleven industrial parks to be soon converted into IT parks, Real Estate News, ET RealEstate

HYDERABAD: Eleven industrial parks located within Outer Ring Road (ORR) in the city will soon be converted into information technology (IT) parks. The Telangana government, which had earlier announced GRID (growth in dispersion) policy, has now come out with detailed guidelines pertaining to the zones, incentives and government support to disperse IT sector to all […]

Telangana IT minister, Real Estate News, ET RealEstate

File photo HYDERABAD: Municipal and IT minister KT Rama Rao said that the state government would expand IT to Tier II cities. He said the foundation stone will be laid at the IT hub at Kompally in Medchal-Malkajgiri district soon apart from the inauguration of IT tower in Khammam on Monday. The minister said there […]

Steep hike in property tax upsets Secunderabad cantonment residents, Real Estate News, ET RealEstate

SECUNDERABAD: Several residents are criticising SCB claiming that it has hiked the property tax as part of its triennial revision (2018-21). A group of taxpayers had even met SCB president and requested him to look into the issue as they are facing financial stress due to the pandemic. “The proposed hike ranges between 1,000 and […]

Wells Fargo inks 1.3 million sq ft office lease with DivyaSree in Hyderabad, Real Estate News, ET RealEstate

File photo MUMBAI | BENGALURU: Financial services firm Wells Fargo & Company has leased an entire office building with over 1.3 million sq ft space at developer DivyaSree’s project Orion in Hyderabad, in one of the largest commercial real estate transactions in the country amid the pandemic, said three people aware of the deal. This […]

Tellapur residents at loss over NGT’s order to cancel NOCs of projects near lakes, Real Estate News, ET RealEstate

HYDERABAD: Aggrieved residents of Tellapur voiced their concerns on Saturday following a recent order by the National Green Tribunal (NGT) that upheld cancellation of NOCs if projects were constructed on lakes. The residents said that their hard-earned money was at stake. Pratap, a techie and resident of one of the affected projects, said: “In 2006, […]

Telangana government sanctions Rs 600 crore for 2BHK units in urban areas, Real Estate News, ET RealEstate

HYDERABAD: In a crucial move ahead of GHMC elections, the state government on Thursday gave administrative sanction for Rs 600 crore for the double bedroom housing scheme in urban areas. The latest allocation made by the government includes the Greater Hyderabad area also. This move assumes significance as the ruling TRS has been receiving flak […]

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