Archive for April, 2007
« Previous EntriesHMDA Approval Required For New Ventures In Following Mandals
Sunday, April 29th, 2007New DTCP Layouts in the vicinity of the city will no more be possible with the upcoming formation of Hyderabad Metropolitan Development Authority (HMDA). Several large projects proposed by developers and which are in land acquisition stage or pre-approval stage will have to be approved by HMDA and not DTCP. Developers who have priced the […]
1. GRANADA - Spanish Villas At Shamirpet 2. Smart Homes At Qutbullahpur
Saturday, April 28th, 2007Banyan Tree Retreat Unviels Phase-II and Phase-III
Saturday, April 28th, 2007Shadnagar In The SpotLight
Saturday, April 28th, 2007That the Outer Ring Road (ORR) project has set off a realty boom is old news. However a few areas that are close to ORR and will now merge with Greater Hyderabad have suddenly sprung into prominence, pushing up demand and rates of land there.
Shadnagar,which was so far a small town on the edge of […]
ALIENS ELITE At Miyapur
Saturday, April 28th, 2007HUDA To Raise Rs2,500 Crores By Auctioning "CALIBRE"
Saturday, April 28th, 2007Huda to raise Rs 2,500 cr Hyderabad Urban Development Authority (Huda) has decided to raise at least Rs 2,500 crore by auctioning 250 acres of land in Kokapet in Rajendra Nagar mandal of Ranga Reddy district.
The Huda has named the area “Calibre” which will be developed as special economic zone (SEZ) for software companies. Huda […]
Your Fingerprint Holds The Key
Saturday, April 28th, 2007In these uncertain times when burglaries have become a common affair, it is advisable that one secures his house and possessions effectively.
And for those seeking to be stylishly secure, the market is ready with provisions that apart from being aesthetic and appealing also promise to be more secure .
A collection of such equipment is available […]
Signs Of Stabilisation In Realty Prices
Saturday, April 28th, 2007The phase might be temporary. But believe it or not, there are signs of stabilisation in realty prices. T. LALITH SINGH lists the factors responsible.
The real estate scenario in the city and suburbs seems all set to enter the much awaited cooling-off phase and thereby bring some relief to the middle class. While some sort […]
Kokapet Continues To Lure Investors
Saturday, April 28th, 2007The Golden Mile project at Kokapet continues to allure investors despite running into rough weather because of the title deed dispute. Even as the HUDA was finalising options to raise required money to refund Rs.400 crores paid by the bidders as it could not hand over their plots because of Court stay, interestingly it is […]
Govt To Take Direct Control Of Fab City
Saturday, April 28th, 2007Amidst the controversy over the issue of giving away management control of the proposed Fab City to SemIndia, the state government has decided to take direct control of the project.
The original plan had been to develop the 300-acre Fab City through a special purpose vehicle (SPV) comprising SemIndia with 89 per cent stake and the […]
Work Begins On BITS Pilani Campus In Hyderabad
Saturday, April 28th, 2007The Birla Institute of Technology and Science (BITS)-Pilani Saturday began construction of its Hyderabad campus with Chancellor K.K. Birla announcing his plans for setting up an institute of management here.Chief Minister Y.S. Rajasekhara Reddy laid the foundation stone of the new building at Jawaharnagar, Shameerpet, about 25 km from here, in the presence of Birla.
The […]
SemIndia Sets Q4 ’09 Target For Operations
Saturday, April 28th, 2007SemIndia Fab Pvt. Ltd, which is setting up a $3 billion (Rs12,300crore) semiconductor manufacturing complex in Hyderabad, expects to start production by the fourth quarter of 2009, a year after finishing construction of its factory, the company’s chairman and chief executive Vinod K. Agarwal said.
An assembly, testing, manufacturing and packaging facility, coming up at an […]
BITS Hyderabad Campus Foundation Stone Laying Ceremony On April 28th
Saturday, April 28th, 2007Success of an Institution undoubtedly begins with believing in one’s worth, trusting one’s insight, nurturing oneself, having a goal, devising the right strategies and spreading one’s wings.
The foundation stone laying ceremony of BITS Pilani Hyderabad campus at Jawahar Nagar Shameerpet scheduled on Saturday 28th April 2007 by the Hon’ble Chief Minister of Andhra Pradesh Dr […]
Cement Bag Will Cost Rs 10 More
Saturday, April 28th, 2007The government has finally succeeded in convincing the cement manufacturers to supply48 lakh tonnes for the Indiramma housing scheme. Compared to last year’s price, a hike of Rs 10 per bag was also announced. This decision was taken at a meeting between chief minister Y S Rajasekhara Reddy and cement manufacturers on Tuesday.
After the meeting, […]
GHMC Favours Greater Say In Administrative Functions
Saturday, April 28th, 2007As Greater Hyderabad Municipal Corporation continues to evolve, civic works done by different departments and their varied responsibilities, which could possibly lead to turf battles is just beginning to unravel.
Hyderabad Urban Development Authority’s declaration to retain control on the building regulation activity for at least one more year despite the GHMC formation has not gone […]
Greater Role For Sanjay Jaju At GHMC
Saturday, April 28th, 2007He might have endured a few days of uncertainty but it is now clear that erstwhile MCH Commissioner and re-designated Greater Hyderabad Municipal Corporation (GHMC) Additional Commissioner to Special Commissioner, Sanjay Jaju, has become the most powerful civic official for entire capital region.
Even if the post of Special Commissioner is causing confusion since the MCH […]
Sify Sets Up Tech Centre In Hyderabad
Saturday, April 28th, 2007Sify, a leading Internet, network and e-commerce services provider, has set up a technology centre in Hyderabad at an investment of about Rs 5 crore. The company is also looking at setting up a campus in the city. “The centre will employ about 500 people by this year-end. It will focus on infrastructure management services, […]
Feasibility Study Conducted For Sky Bus Metro Project
Saturday, April 28th, 2007A Techno-Economic feasibility study for the implementation of the Sky Bus Metro Project in Hyderabad was conducted by the Konkan Railway Corporation Ltd but no time frame could be fixed as to when it is expected to be approved, the Rajya Sabha was informed on Friday.
The study was conducted for a private firm M/s Doxport […]
Genpact To Set Up IT SEZ At JawaharNagar
Saturday, April 28th, 2007Business process outsourcing giant Genpact is setting up an IT SEZ in Andhra Pradesh. The state government has allocated 50 acres of land at Jawahar Nagar near Hyderabad and the company is planning to invest Rs 100 crore for setting up a new facility.
Addressing a press meet on Friday, state information minister Anam Ramanarayana Reddy […]
SemIndia Awaits Land Transfer For Fab City
Friday, April 27th, 2007Allaying apprehensions about SemIndia Inc.’s ability to implement the proposed $3 billion Fab City here, the company’s founder and CEO, Vinod Kumar Agarwal, said on Wednesday that the SemIndia was waiting for the transfer of land by the Andhra Pradesh government to begin the work.
“We are not asking for more incentives from the Andhra Pradesh […]
GATEWAY AMBIENCE At Nagaram
Friday, April 27th, 2007Subleasing May Lead To Eviction
Friday, April 27th, 2007I n principle the tenant can sublease because the interest in immovable property is also called immovable property. But the landlord and tenant are free to have certain terms in lease deed prohibiting subleasing. Where there is such a contradictory term in the deed to which the tenant agreed, he cannot sublease the whole portion […]
Register Property By Appointment
Friday, April 27th, 2007Registration of property documents may soon be done on appoint ment, if the registration and stamps department has its way. The new inspector general of registration and Stamps S. K. Sinha is believed to have mooted the proposal of asking property buyers and sellers to fix an appointment with the department and get the registration […]
Govt Gets HC Rap on land
Friday, April 27th, 2007Questioning the legality of the government in selling land, the High Court on Monday said if it is proved that the government does not have the right to allot or sell land, then all such allotments need to be cancelled.
A division Bench of the court comprising chief justice G S Singhvi and justice C V […]
Home Loan Rates To Be Cut
Friday, April 27th, 2007There is finally some good news for those who have home loans of up to Rs 20 lakh. Interest rates are expected to fall by up to 0.5 percentage points following Reserve Bank of India’s decision on Tuesday to reduce the capital requirements for banks to give housing loans.
Better still, this may just be the […]
Rupee Reaches Rs 40.90/$, To Hit Exports
Friday, April 27th, 2007The rupee breached the Rs 41 per dollar level to close at Rs 40.90 on Wednesday, gaining further strength over the previous close of Rs 41.17 on Tuesday. RBI has pegged the reference rate for dollar at Rs 40.97.
In the first 25 days of the current financial year, rupee has appreciated 6 per cent against […]
New I-T Ruling To Hit BPO Firms Hard
Friday, April 27th, 2007In an unprecedented judgment that could have far reaching ramifications, the Income Tax Appellate Tribunal (ITAT) has ruled that foreign companies having local agents with Permanent Establishment (PE) will have to pay taxes in India.
The concept of PE is one of the most complex issues that international tax treaty laws have to deal with. That […]
MIT Material For Distance Learners
Friday, April 27th, 2007The distance learning programmes of the state universities are set to get a boost when the prestigious OpenCourseWare of the Massachusetts Institute of Technology (MIT), Boston, will be available to them soon.
The OpenCourseWare will provide MIT faculty’s core teaching material available on the internet. About 1,500 courses will be available to students in the state.
“The […]
‘Govt Has Faith In SemIndia’
Friday, April 27th, 2007The state government said on Wednesday that the Fab City project was on course and that it had full faith in SemIndia and its CEO Vinod K Agarwal, the main promoter of the project.
Addressing a press conference, industries minister J Geeta Reddy said if there has been any delay in the commencement of the project, […]
Fab To Stay Put In City
Friday, April 27th, 2007SemIndia’s CEO Vinod K Agarwal asserted on Wednesday that his company would stay put and execute the project at the proposed Fab City on the outskirts of the city.
Though expressing his displeasure over the delay on the government order (GO) detailing various subsidies and incentives to be offered to fab units, Agarwal said he would […]