HITECH City, Gachibowli and Kondapur all sit inside the same development authority — HMDA, formed in 2008 over a 7,257 sq km area. Any Hyderabad project that misses possession owes delay interest under Telangana's own RERA Rules (SBI's highest MCLR + 2%), and Hyderabad's GST affordable-housing cap is the same 60 sq m / ₹45 lakh threshold as Bengaluru, Chennai, Delhi NCR and Mumbai.
HMDA's jurisdiction — why it covers the whole IT corridor
HMDA was formed by a Government Order of the then-combined state of Andhra Pradesh in 2008, with 7,257 sq km under its purview — a footprint the authority's own site states directly. That single figure explains why HITECH City, Gachibowli, Kondapur, the Financial District and the far Outer Ring Road suburbs are all planned by one authority rather than several competing municipal bodies, unlike Delhi NCR's three-state, multi-authority patchwork.
Greater Hyderabad Municipal Corporation (GHMC) is the separate body that actually levies property tax within the city, but its own portal returned only bot-protection errors this session — its widely repeated "plinth area × MRV × 12 × slab% − depreciation + library cess" formula and slab percentages are not confirmed from a reachable GHMC source, so this article names GHMC as the authority without restating that formula or a slab figure.
TS-RERA's delay-interest rule
Telangana's own gazetted RERA Rules, Rule 15, fix the interest payable by a promoter to an allottee — or by an allottee to a promoter — at the State Bank of India's highest Marginal Cost of Lending Rate (MCLR) plus two percentage points, replaced by whatever benchmark lending rate SBI fixes if it stops publishing an MCLR. This is the identical formula independently confirmed for Karnataka and Maharashtra's own state RERA rules, which suggests a common approach across states rather than a Telangana-specific concession, though each state's own rules remain the only valid citation for its own rate.
These Rules apply to projects whose building permissions were approved on or after 1 January 2017 by the competent Telangana authorities — HMDA among them — so a pre-2017-approval project in Hyderabad is outside this specific interest mechanism even if it is otherwise RERA-registered.
GST on a Gachibowli or Kondapur under-construction flat
Hyderabad is named directly as a metropolitan city under CBIC's affordable-housing definition: carpet area up to 60 sq m and value up to ₹45 lakh qualifies a new-construction unit for the 1% effective GST rate (no input tax credit); above either threshold the standard 5% effective rate applies, also without ITC, per the underlying rate notification.
GST exits entirely once the full consideration is paid only after the completion certificate is issued or after first occupation, whichever is earlier — the trigger in Schedule II, clause 5(b), read with Schedule III, entry 5, of the CGST Act. A ready-to-move-in resale flat in an already-occupied HITECH City tower carries no GST on this basis.
Methodology
HMDA's founding and jurisdiction figure is quoted from its own official site metadata. The RERA delay-interest formula is quoted directly from Telangana's own gazetted rules PDF. GST figures come from CBIC's affordable-housing definition and the underlying rate notification, read with Schedule II/III of the CGST Act for the completion-certificate exemption; the worked example is arithmetic on those published thresholds.
Sources
- HMDA — official homepage — accessed 2026-09-21
- Government of Telangana — Telangana RERA Rules, 2017 (Rule 15) — accessed 2026-09-21
- CBIC — GST: An Update (affordable-housing definition) — accessed 2026-09-21
- GST Council Secretariat — Notification No. 11/2017-Central Tax (Rate), as amended — accessed 2026-09-21
- CBIC — CGST Act, 2017, Schedule III (Section 7) — accessed 2026-09-21
- CBIC — CGST Act, 2017, Schedule II (Section 7) — accessed 2026-09-21