Tag: plots

  • Telangana: Regularisation of house plots under GO 58, 59 to be fast-tracked

    Telangana: Regularisation of house plots under GO 58, 59 to be fast-tracked

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    Hyderabad: The cabinet sub-committee, chaired by ministers T Harish Rao, KT Rama Rao, Errabelli Dayakar Rao, and Srinivas Goud, on Friday directed officials to accelerate the process of regularisation of house plots under Government Order (GO) no.58 and 59, to provide houses to underprivileged.

    The sub-committee recommended that the process be completed within a week and distribution of the documents should be done by ministers and MLAs.

    Chief Commissioner of Land Administration (CCLA) was directed to assess the number of documents ready for distribution in each district and prepare a comprehensive list.

    MS Education Academy

    “It was made clear that every deserving person should receive a patta. The sub-committee instructed officials to promptly process any pending applications and prepare them for distribution,” said a press release on Friday.

    District Collectors were instructed to conduct daily reviews to expedite the process.

    “CM KCR expressed his desire to bring happiness into the lives of the underpriviledged. The sub-committee called on everyone to work towards this goal and ensure that the benefits provided by the government reach those that deserve them,” said the press release further.

    The meeting was attended by chief secretary Shanti Kumari, special chief secretary Ramakrishna Rao, revenue secretary Naveen Mittal, as well as other finance, revenue, municipal, and panchayat raj officials at BRK Bhavan

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    #Telangana #Regularisation #house #plots #fasttracked

    ( With inputs from www.siasat.com )

  • House GOP plots crypto overhaul

    House GOP plots crypto overhaul

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    Why it matters: It’s unclear what the committee will propose, but the effort comes as federal banking and markets regulators ramp up enforcement of traditional financial regulations in the crypto space. Digital asset firms are urging Congress to carve out a specialized rulebook for crypto, as some jurisdictions like the European Union have started to do.

    The recent crackdown by U.S. agencies will be the focus of a subcommittee hearing that Hill will lead Thursday. It will feature testimony from Paul Grewal, chief legal officer of the U.S.-based crypto exchange Coinbase.

    “Europe, the U.K., Australia and Singapore — just to name a few — are putting in place regulatory frameworks that are creating high standards for crypto,” Grewal said in prepared remarks. “It is truly a race to the top, and the U.S. is already behind.”

    Fed Chair Jerome Powell, testifying on Capitol Hill this week, suggested it would be a good idea for Congress to weigh in. Hill pressed him on it Wednesday.

    “I do think it would be important for us to have a workable legal framework around digital activities,” Powell said Tuesday. “That is important, and something Congress in principle needs to do because we can’t really do that.”

    Hill dropped some possible hints Wednesday about the GOP’s direction on a crypto regulation plan.

    During the hearing, he asked Powell if a U.S. digital asset framework would help banks, brokers and custodians understand how they could participate in the market safely. He also asked if it should preserve the role of state regulators in overseeing the industry.

    Republicans signal crypto support: Thursday’s digital assets subcommittee hearing will showcase a handful of Republican-led crypto bills that are generally supportive of the industry and its customers. The legislation may get a committee vote at a markup planned for March 28.

    “I’m not sure that we’ll mark them up there, but we’re talking about it,” Hill said. “We may have some other ones introduced, so we may have some other priorities.”

    The bills include proposals that would express congressional support for blockchain tech and digital assets, exempt blockchain developers from some reporting and licensing requirements and scale back tax reporting requirements for crypto firms.

    The Senate: Senate Agriculture Chair Debbie Stabenow (D-Mich.), who has floated her own crypto regulation plan, said Wednesday she has “had some conversations” with her House counterparts.

    “There’s certainly, I think, a general belief that this is an area that needs to be regulated, so [as] to protect consumers,” she said.

    Asked whether she expected lawmakers to reach agreement, she replied: “I’m actually optimistic. I think the hard part is the farm bill.”

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    #House #GOP #plots #crypto #overhaul
    ( With inputs from : www.politico.com )

  • Hyderabad Metropolitan Development Authority auctions plots for over Rs 88 crore

    Hyderabad Metropolitan Development Authority auctions plots for over Rs 88 crore

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    Hyderabad: Hyderabad Metropolitan Development Authority (HMDA) on Monday generated revenue of over Rs. 88 crores by conducting an auction of plots in Medipally village, Medchal-Malkajgiri district.

    Against the upset price of Rs 32000 per square yard, the auction received an average bid price of Rs. 58,730 per square yard. The highest bid price was Rs. 63000 per square yard.

    TSIIC plots in neighbouring district of Hyderabad

    Meanwhile, the Telangana State Industrial Infrastructure Corporation (TSIIC) will auction 326 plots located in Rangareddy, the neighbouring district of Hyderabad, on March 9, 10, 13, 14, 15, 16, and 17. These plots are situated in Manneguda, Munaganoor, and Kawadipally.

    The minimum upset price for these plots ranges from Rs 10,000 to Rs 30,000. The EMD amount for Manneguda and Munaganoor is Rs 1,00,000, while it is Rs 50,000 for Kawadipally. Interested buyers can register for the plots’ e-auction under TSIIC by paying a non-refundable registration fee of Rs 1180.

    These plots present an excellent opportunity for investors to explore the growing real estate market in Hyderabad and its surrounding areas.

    Registration for e-auction of plots

    Interested buyers can register on the TSIIC website (click here) for the e-auction of plots in Rangareddy, neighbouring district of Hyderabad.

    The plots are free from litigation and have good road connectivity. In addition, internal road and street light infrastructural works will be completed within 18 months.

    For any queries, potential buyers can contact the cell phone numbers 8186870687 or 9177527213 or 9701452763 or 9441218461 or 9666665401.

    Is buying a plot in Hyderabad a better option?

    For homebuyers in Hyderabad, choosing between investing in a plot or a flat can be a daunting task. However, investing in a plot can offer several benefits that are worth considering, especially given the current trend of auctions of plots in Hyderabad.

    Buying an open plot in and around the city assures buyers of an exclusive, independent lifestyle and complete ownership of the land. Unlike flats, plots offer the possibility of a private and more spacious living environment without sharing land space with others.

    Furthermore, owning a plot gives buyers the freedom to design and construct their dream home according to their personal preferences, including a backyard and ample parking space. Additionally, plots tend to appreciate more than flats, providing a bigger resale value in the long run.

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    #Hyderabad #Metropolitan #Development #Authority #auctions #plots #crore

    ( With inputs from www.siasat.com )

  • Telangana govt committed to providing plots for poor: KTR

    Telangana govt committed to providing plots for poor: KTR

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    Hyderabad: Telangana cabinet sub-committee on housing lands met under the chairmanship of minister for Municipal Administration, KT Rama Rao (KTR) at BRKR Bhavan on Monday. 

    The allotment of house plots to all the eligible beneficiaries of the state, implementation of government Orders 58 and 59, notarial documents, endowment/waqf lands were discussed in the meeting.

    Speaking at the meeting, KTR said, “The government is committed to provide houses or house plots to all the deserving poor in the state, which will benefit about one crore families.”

    “In the year 2014, 1.25 lakh beneficiaries have received land documentation. Verification process has been completed for 20,685 houses under Government Order no. 58,” he said.

    The sub-committee directed the officials to speed up the process of issuing houses and land plots. KTR directed the officials to take steps to issue plots to those below the poverty line.

    Referring to the notarized documents, the cabinet sub-committee directed the officials to finalise a timely action plan for the processing of cases in urban areas.

    The committee requested the authorities to adopt a “pro-poor” approach and complete all eligible cases.

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    #Telangana #govt #committed #providing #plots #poor #KTR

    ( With inputs from www.siasat.com )

  • Hyderabad Metropolitan Development Authority to sell open plots – Registration begins

    Hyderabad Metropolitan Development Authority to sell open plots – Registration begins

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    Hyderabad: Hyderabad Metropolitan Development Authority (HMDA) is going to conduct an e-auction of 123 open plots located on the outskirts of the city. The auction will be conducted on March 2, 3, and 6.

    The authority has set different upset prices based on the location. For the open plots at Bachupally, outskirts of Hyderabad, the price is Rs. 25000 per square yard whereas, for plots at Medipally, it is Rs. 32000 per square yard.

    For plots at both Medipally and Bachupally, outskirts of Hyderabad, the auction will be conducted on March 2 & 3 and March 6 respectively. The EMD amount for plots at both places is Rs 1, 00, 000.

    The sizes of the plots vary. At Bachupally, the size is 267-497 square yards whereas, at Medipally, the size is 300 sq. yards.

    LocationDistrictNumber of plotsPlots size (in sq. yards)Last date for registrationPre-bid meetingMinimum upset price (Rs per sq. yards)EMD amountE-auction date
    BachupallyMedchal-Malkajgiri73267-497Feb 28Feb 1725000100000March 2 and 3
    MedipallyMedchal-Malkajgiri50300March 2Feb 2032000100000March 6
    MannegudaRangareddy102235-300March 4Feb 2430000100000March 9 and 10
    MunaganoorRangareddy133157-453March 9Feb 2820000100000March 13, 14 and 15
    KawadipallyRangareddy91182-418March 14March 41000050000March 16 and 17

    TSIIC plots in neighbouring district of Hyderabad

    Meanwhile, Telangana State Industrial Infrastructure Corporation (TSIIC) plots located in Rangareddy, the neighbouring district of Hyderabad will be auctioned in March. A total of 326 plots will be out for e-auction. These plots are located in Manneguda, Munaganoor and Kawadipally.

    The minimum upset price ranges from Rs 10,000 to Rs 30, 000 and their auction will be conducted on March 9, 10, 13, 14, 15, 16 and 17. The EMD amount for Manneguda and Munaganoor is Rs 1, 00, 000 whereas, for Kawadipally, it is Rs 50, 000.

    Those who are interested in the e-auction of the plots located in the area that falls under the Hyderabad Metropolitan Development Authority and TSIIC need to register online by paying a non-refundable registration fee of Rs 1180.

    Registration for e-auction of plots

    For the e-auction of plots in Medipally and Bachupally, outskirts of Hyderabad, registrations can be done on the HMDA website (click here). The registrations for the e-auction of plots located in the Rangareddy district can be done on the TSIIC website (click here).

    All the plots are not only free from litigation but also have good road connectivity. Apart from this, infrastructural works related to internal roads and street lights will be completed in 18 months.

    For site visits of HMDA plots, cellphone numbers 9441740306 or 7331149457 can be dialled. In case of queries, dial 7396345623 or 7601063358. In the case of TSIIC plots, cellphone numbers 8186870687 or 9177527213 or 9701452763 or 9441218461 or 9666665401 can be dialled.

    Are flats in Hyderabad better option for homebuyers?

    For those considering buying a home in Hyderabad, the decision between investing in a plot or an apartment can be quite challenging. While flats in Hyderabad have their own advantages, investing in a plot has several benefits worth considering.

    One of the significant advantages of buying an open plot in and around Hyderabad is the assurance of a premium, independent lifestyle and complete ownership of the land. Unlike flats, plots offer the possibility of a private and more spacious living environment without sharing land space with others.

    Moreover, owning a plot gives buyers the option to design and construct their dream home with personal preferences in mind, including a backyard and ample parking space. In addition, plots tend to appreciate more than flats, providing a bigger resale value in the long run.

    Overall, while both options have their unique benefits, buying a plot in Hyderabad can be a sound investment choice for those seeking a more private, personalized, and appreciating asset.

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    #Hyderabad #Metropolitan #Development #Authority #sell #open #plots #Registration #begins

    ( With inputs from www.siasat.com )

  • Boxer Nikhat Zareen, shooter Esha Singh get plots in Hyderabad

    Boxer Nikhat Zareen, shooter Esha Singh get plots in Hyderabad

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    Hyderabad: Telangana government on Thursday handed over documents of plots in Hyderabad to world boxing champion Nikhat Zareen and shooter Esha Singh.

    Documents of 600 square yards plots were handed over by Sports Minister V Srinivas Goud and Chief Secretary A Santhi Kumari at the Burgula Rama Krishna Rao Bhavan, Hyderabad.

    Apart from them, Padma Shri awardee Kinnera player Darshanam Mogilaiah also received the documents for one of the plots in Hyderabad.

    Telangana govt announced cash prize to Nikhat Zareen, Esha Singh

    Last year, the Telangana government announced a cash prize of Rs 2 crore each to Nikhat Zareen for winning gold medal at World Boxing Championship and shooter Esha Singh for her superb performance at the recent ISSF Junior World Cup.

    Apart from the cash prize, the government has decided to allot residential plots to the two sports persons at Banjara Hills or Jubilee Hills in Hyderabad.

    Zareen, who hails from the Nizamabad district, became the fifth Indian woman boxer to win a gold medal at the world championship.

    On May 19, she defeated Thailand’s Jitpong Jutamas in the 52-kg category to join the selected club of Indian women boxers.

    Esha Singh won three gold medals in team events in the recently-concluded ISSF Junior World Cup in Germany.

    Darshanam Mogulaiah also get award, plot in Hyderabad

    The state government has also issued orders for a Rs 1 crore cash award to Darshanam Mogulaiah.

    Last year, Mogulaiah received Padma Shri for his outstanding contribution to the arts.

    Mogulaiah is from a Madiga family. He grew up in the Ausalikunta village of the Lingala mandal in Telangana’s Nagarkurnool district, along the stretches of the Nallamala forests. A fifth-generation kinnera artiste, Mogulaiah, 62, has been playing the instrument since the age of eight.

    As per CMO, on the request of Mogulaiah, the government has taken a decision to allot a residential plot in B.N. Reddy Nagar colony.

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    #Boxer #Nikhat #Zareen #shooter #Esha #Singh #plots #Hyderabad

    ( With inputs from www.siasat.com )

  • Schumer plots debt ceiling course against McCarthy: ‘We’ll win’

    Schumer plots debt ceiling course against McCarthy: ‘We’ll win’

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    20222212 schumer 2 francis 1

    “Unfortunately, [McCarthy] let a group of very extreme people, he gave them the tools” to wield power, Schumer said in an interview. “The plan is to get our Republican colleagues in the House to understand they’re flirting with disaster and hurting the American people. And to let the American people understand that as well. And I think we’ll win.”

    It’s something of a new, dual-track role for the New Yorker. For the last two years, Schumer and former Speaker Nancy Pelosi allowed bipartisan Senate groups to work and usually avoided a top-down approach that could have disrupted aisle-crossing negotiations. Before that, Schumer spent four years as one of Trump’s chief antagonists, occasionally negotiating with the former president but mostly focusing on stopping him.

    Today, Schumer is somewhere in between, haranguing the House GOP while keeping the door open for the bipartisan work his deal-seeking senators crave. And he’s preparing for a long face-off with McCarthy as Washington charts this year’s mid-year debt ceiling deadline like an approaching meteor.

    Asked to respond to Schumer, McCarthy criticized the Democrat’s December drive to pass a year-end spending bill shaped in part by two retiring senators.

    “When was the last time he did a budget? So, he wants somebody to lift the debt ceiling, but he won’t tell the American people where he’ll spend money?” McCarthy said of Schumer in a brief interview. (During the last Congress, Schumer’s Senate did pass budget bills to set up filibuster-proof party-line legislation on covid relief, taxes, climate and health care.)

    At the moment, there’s little cooking in the Senate on the debt ceiling or otherwise, and Schumer is filling the vacuum with a fusillade of attacks on the GOP. Schumer greeted McCarthy’s chaotic speaker election with a snarky congratulations that the Californian’s “dream job could turn into a nightmare for the American people.”

    Notably, however, he has since focused mostly on McCarthy’s more conservative members instead of the new speaker personally. He also hasn’t explicitly ruled out negotiations.

    And those conservative members are front and center in the new GOP majority after McCarthy’s stumble-filled but ultimately successful bid for the speakership. One concession he made along the way: House Republicans would refuse to support raising the debt ceiling without a “budget agreement or commensurate fiscal reforms,” according to a slide shown during a closed-door conference meeting earlier this month.

    Schumer and McCarthy have not yet held a one-on-one meeting. Aides are hopeful there will be one soon, but it is not yet scheduled.

    “There’s a fine line between saying, ‘We disagree, and we have our issues,’ as opposed to saying, ‘They’re no good, they’re scum of the earth,’” said Rep. Robert Aderholt (R-Ala.), who added that he hopes both leaders treat their rhetoric carefully.

    Senate Minority Leader Mitch McConnell is staying away from the fray, saying he’ll leave things to McCarthy and Biden. And Schumer has declined to address the possibility of bringing a so-called clean debt ceiling increase to the floor, a move that could fail and shake financial markets.

    Just the same, Democrats don’t want to open the door for a negotiation that unfolds in the unpredictable style that 2011’s debt ceiling talks did. They’re wary of what happened when Biden himself cut a deal with McConnell that resulted in both domestic and military spending cuts.

    “There will be opportunities to work together, but not in the context of them threatening the global economy,” Sen. Brian Schatz (D-Hawaii) said of House Republicans.

    Schumer, contra McConnell, is not encouraging Biden to get in a room with McCarthy. Instead, he said that if McCarthy wants to cut spending as a condition for raising the debt ceiling, Democrats need to see their plan to do so first — echoing the combative tone that House Minority Leader Hakeem Jeffries has long taken toward McCarthy.

    “When you hear from Biden, they agree with us. [Republicans] have to show us their proposal. They have to show us their plan. Plain and simple. Hakeem Jeffries talked about it today. I believe the president will,” Schumer said. “Democrats are united: Show us the plan. That’s the first step.”

    Well, Democrats are mostly united, at least. Sen. Joe Manchin (D-W.Va.) called it “unreasonable” to not negotiate and said he’s not going to tell the House what to do.

    “Kevin McCarthy and I know each other. We’re trying to build relationships, because we have responsibility,” said Manchin, who met privately with McCarthy last week.

    But Manchin has always done his own thing — and at times of crisis, the Senate Democratic caucus is often nearly lockstep behind Schumer.

    “It’s pretty predictable. He wants to turn the heat up on Speaker McCarthy. And I would say it’s not particularly productive, but maybe it’s good political theater,” said Sen. John Cornyn (R-Texas), who has sparred with Schumer for two decades. “I was visiting with some of the Texas congressional delegation at lunch [last week]. And they’ve sort of tuned it out.”

    Rep. Jodey Arrington (R-Texas), chair of the House Budget Committee, said Republicans want to get specific with fiscal changes “like the 2011 spending cap.” Even today, Republicans still praise aspects of the bipartisan 2011 deal, which created a failed deficit-reduction “supercommittee” and then imposed blunt spending cuts that both parties eventually eliminated.

    Arrington suggested Republicans would seek a deal with Biden that could include things like a debt commission, a spending freeze or a 10-year spending deal with budget caps. In response to Democrats’ description of the GOP’s position as “extreme,” Arrington responded: “The American people will be the judge of what is extreme.”

    But when it comes to the debt ceiling, Schatz said, “there’s not going to be negotiation. They’re gonna have to just realize that this thing is the biggest loser they’ve ever wrapped their arms around.”

    That tack may seem to deviate from Schumer’s approach in the last Congress, but as majority leader, the New Yorkers relied on his own unofficial system for legislating. First, he tries to be bipartisan, and if that doesn’t work, he tries to pass things without Republicans.

    And if he can’t do either of those, then it’s time to bring the fight to the Senate floor and the cameras.

    “I’ve always had a hierarchy,” Schumer said. “We’ll try to work with them when we can, but when they’re as extreme as they are, we have an obligation to stand up.”

    Sarah Ferris contributed to this report.

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    #Schumer #plots #debt #ceiling #McCarthy #win
    ( With inputs from : www.politico.com )

  • Flats vs plots in Hyderabad: Around 54 pc prefer new, ready-to-move houses

    Flats vs plots in Hyderabad: Around 54 pc prefer new, ready-to-move houses

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    Hyderabad: People always face a dilemma while choosing between buying flats and purchasing plots in Hyderabad. As both options have their own pros and cons, opting for one is based on personal preferences.

    A survey conducted by India’s first proptech unicorn NoBroker found that around 54 percent of home buyers prefer new, ready-to-move houses in Hyderabad. It also found that Manikonda, Kukatpally, Ameerpet, Hafeezpet, and Banjara Hills are witnessing a rise in demand.

    As per the survey, the micro-markets that are performing worst in 2023 include Nizampet, Attapur, Financial District, Meerpet, and Miyapur. These real estate markets show a dip in the interest shown by the buyers in Hyderabad.

    Pros and cons of flats and plots in Hyderabad

    To understand the pros and cons of flats and plots in Hyderabad, it is necessary to analyze the options based on certain parameters.

    Flexibility: Plots give a lot of flexibility when compared to flats.

    Plots allow persons to build their dream house as per their preferences and taste. In the case of flats, there is no complete freedom in deciding the structure of the house.

    Appreciation rate: The returns are higher in the case of open plots. Due to the fact that there is limited supply of land, plots appreciate faster than apartments.

    Apart from it, as flats are prone to deteriorate over time, their values are also likely to decrease.

    Financial assistance: As Loan-to-Value (LTV) for plots is less when compared to flats in Hyderabad, arranging funds for open plots is little difficult.

    On the hand, financial assistance are easily available for purchasing flats.

    Income: If someone is looking for rental income, then flats will be a better option as in the case of plots, income will not be generated immediately.

    Rental real estate market in Hyderabad

    The survey also revealed the trend in the rental real estate market in Hyderabad. It found that some of the localities are witnessing a rise in demand as people prefer to reside there due to various reasons.

    As per the survey, Kukatpally, Gachibowli, Kondapura, Manikonda, and Madhapur are witnessing high demand.

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    #Flats #plots #Hyderabad #prefer #readytomove #houses

    ( With inputs from www.siasat.com )