The Telangana (Prevention of Speculation in Immovable Property) Act, 1954
The Telangana (Prevention of Speculation in Immovable Property) Act, 1954
This legislation regulates real estate transactions to prevent artificial price inflation and speculative trading in designated locations across Telangana. It applies to property owners, buyers, sellers, and government authorities operating within areas officially declared as notified areas. Under the Act, property sales cannot exceed legally determined standard prices, and the government holds the authority to acquire properties at these capped rates or current market values, whichever is lower. This law matters because it protects the public interest by curbing land hoarding, preventing unfair property price hikes driven by public development projects, and maintaining controlled, fair real estate costs for the community.
- 0. Preamble
- 1. Short title and extent
- 2. Definitions
- 3. Declaration of notified area by Government
- 4. Restriction on transfer of immovable property
- 6. Permitted increase over the standard price
- 7. Power of Government to purchase immovable property
- 8. Taking possession of property and reference to subordinate Judge’s Court.
- 9. Setting aside of Court sales etc., held in contravention of the Act.
- 10. Penalty.
- 11. Cognizance of offences.
- 12. Bar of certain proceedings.
- 13. Power to make rules.
PDF: pending for this language.