TELANGANA

The city has clocked the second highest quantum of land deals after Delhi NCR during the 2018-22 period with 24 deals for 970 acres of land worth $0.9 billion being clinched out of the total 6,800 acres of land that was acquired in the top seven cities of the country over these five years.
The report, titled ‘Indian real estate: Betting on a capital future’, said while Delhi NCR accounted for nearly 26% of total land acquired during the five-year period, Hyderabad and Mumbai accounted for about 14% of the total transactions by land size, followed by Bengaluru at 10%, Chennai at 8% and Pune at 7%.

During the five-year period, a total of $12 billion was pumped into these land acquisitions across the country, of which residential realty accounted for 30%, mixed use developments 29%, office sector 19%, I&L 9%, data centres 7%, retail 3% and others 3%. Of $31.8 billion Equity investments into real estate sector Hyderabad attracted $2.24 billion, accounting for 7% of cumulative Investments in India. But Mumbai accounted for the lion’s share of the total investment inflows into the sector at 25% ($8 billion), followed by Delhi-NCR at 21% ($6.6 billion), Bengaluru at 16% ($5.2 billion), Chennai at 9% ($2.9 billion), and Pune at 5% ($1.4 billion).

The Cabinet sub-committee on improving Education and in schools on par with corporate sector met and urged the officials to expedite the preparation of document for speedy implementation.

The committee was constituted as part of the governments efforts to enhance quality education by spending 2,000 crore every year. KTR said the government considered strengthening school education as a solid source for offering quality higher education and the new scheme was aimed at that. He said spending was a part of social obligation on the part of the government.

The new scheme aims at constructing additional classrooms, new buildings and creating digital classrooms apart from facilities like drinking water and toilets. The committee asked officials to submit the final document at the earliest.

The proposal to convert the prestigious Koti Womens College into university was first floated in February, 2018. Now, with thechief minister K Chandrasekhar Raos nod to the proposal, the university is likely to be a reality by academic year 2022-23.

Currently, the college offers 19 undergraduate courses and 20 postgraduate courses, with 29 and 17 depart-ments respectively. Apart from this, some certificate and self-financed courses are also offered by the college. With the government planning to convert the college into a university, Telangana Education minister Sabitha Indra Reddy has instructed officials to explore the possibilities of introducing special Women-centric courses.

Once the Act is passed in the state Assembly, the established university can then approach various central funding agencies for funds.

Thegovernment of Telanganawill distribute 33 lakh adolescent Health kits to girl students studying ingovernment schoolsand junior colleges over the next 18 months.

According to a Government Order (GO), the kits will be distributed among girl students studying in 8th class to Intermediate (second year) in government schools and colleges under adolescent health programme.

An amount of about Rs 70 crore will be spent on the programme to be undertaken for six months during the ongoing academic year 2022-23 and for 12 months of 2023-24.

The has begun the process to bring close to over one crore unorganisedworkersinTelanganaunder the ambit ofe-Shramplatform to make it easy for them to access social security benefits from state and central governments.

Around 4.5 lakh unorganised workers have been registered and given e-Shram cards by the state labour department under the central scheme launched recently. Such workers can use the e-Shram cards to avail benefits such as provident fund, EMPLOYMENT injury benefit, housing, educational schemes for children, skill upgradation and even funeral assistance.
These e-Shram cards can be used across the country.

According to the Union ministry of labour and employment, any worker who is a Home-based worker, self-employed worker or a wage worker in theunorganised sector including a worker in the organised sector who is not a member of Esic orEPFOor not a government employee is classified as an unorganised worker.

TelanganaandAndhra Pradeshclocked 16.3% Growth in incometaxin 2022-23 till September 17, compared to a corresponding period in the last fiscal.

Around 38,881 crore was mopped up mostly from tax deducted at source with Hyderabad hogging the fifth position in the country after Mumbai, Delhi, Bengaluru, Chennai and Pune. Netdirect tax collectionsfor 2022-23 fiscal registered a 23% growth in the country.

Net collections by states are 38,881 crore as against 33,413 crore last year. This includes 18,039 crore of Corporate tax and 20,308 crore of Income tax.

The City of Nizams and Pearls has emerged as the second most expensive residential realty market in the country after the Mumbai Metropolitan Region (MMR). This is thanks to a steady rise in property prices on the back of robust demand.

The city has also recorded the highest Growth in residential property sales for the July-September quarter, says PropTiger.coms latest report.

According to the report, Average residential property prices in Hyderabad on September 30, 2021, stood in the Rs 5,800-Rs 6,000 per sq ft range (Rs 5,751 per sq ft on average) as compared to Rs 9,600-Rs 9,800 per sq ft range (Rs 9,670 per sq ft) in MMR.