Hyderabad's real estate sector showed promising growth in the last quarter of 2016, with significant impacts on the residential and commercial markets due to government initiatives and demonetisation.
GHMC plans to implement a new penalty for illegal building owners, doubling property taxes to combat unauthorized constructions and aiming to raise significant revenue.
The AP State Wakf Board plans to sue a real estate firm for allegedly encroaching on Wakf property in Lakdi-ka-pul and damaging graves during construction.