The operations of the HYDRAA agency have resulted in a drastic slowdown of the real estate market in Hyderabad city jurisdiction.
Now, as per the latest updates, the government of Telangana could soon be triggering enhanced operations of HYDRAA even in elite projects in the buzzing Kokapet area.
Here are few Major projects which are allegedly under FTL as per latest lake encroachment report presented in front of media by deputy CM Bhatti Vikramarka & TGRAC.
Residential
1.Candeur Skyline , Financial Dist ( almost entire project)
2.Vertex Viraat, Miyapur ( Majority Portion)
3. Sumadhura Palais Royale , Puppalaguda,Opp to Avtar (majority)
4.Cybercity Oriana (one Tower)
5.Pooja Magic Breeze Neknampur, Entire Project
6. SMR Vinay Boulder Woods , Bandlaguda Jagir ( One big tower)
7. Vajram Ixora , Gopanpally ( Entire project)
8. Honer Signatis (Partial Project)
Commercial:
1) Phoenix 285, Pupplaguda(majority)
2) Phoeix 25 /Triton (Entire building)
3) Vaishnavi Cymbol (Entire Building)
If the government comes hard on these projects then there could be serious market corrections in the Hyderabad real estate scene.