Archive for May, 2007
Next Entries »GreenWoods - Luxury Villas At Dundigal
Monday, May 7th, 2007GreenWoods is an enclave of 68 premium luxury villas provided with the state of the art amenities and facilities. Located in the new and sophisticated residential area of Dundigal, Greenwoods lies in close proximity to the Outer Ring Road and is located on the main highway running from Hyderabad to Narsapur. The area is clean […]
157 Open Spaces Encroached - GMHC Submits Report To HC
Monday, May 7th, 2007As many as 157 open spaces have been encroached upon in the city, with most of them converted into religious places, private properties, community halls and educational institutes.Interestingly, until recently the Greater Hyderabad Municipal Corporation (GHMC) did not know that it owned 97 more open lands to its existing 1066.
A survey done through satellite (Geographical […]
ORR Phase-II To Get On Fast Track
Monday, May 7th, 2007The 72-km phase-II work of the Outer Ring Road (ORR) project from Peddamberpet to Patancheru is set to get on the fast track with the Japan Bank of International Cooperation (JBIC) agreeing to clear a Rs 2,000-crore loan quickly.Following a presentation made on April 26 in New Delhi, JBIC officials reportedly agreed to release the […]
Tellapur Deal Hit By Delay
Monday, May 7th, 2007The Hyderabad Urban Development Authority is facing rough weather with the much-hyped Tellapur township even as memories of the bitter experience at Kokapet refuse to fate away.The agreement between Huda and the consortium of ICICI-Nagarjuna Constructions and the Indian subsidiary of the US-based Tishman Speyers is being delayed though the tenders were finalised on January […]
MCH Does Not Know Its Land
Monday, May 7th, 2007Crores of rupees worth government lands vested with the erstwhile Municipal Corporation of Hyderabad (MCH) have been encroached and the corporation till recently was not even aware that these properties belonged to it. The so-called government vested municipality (GVM) land was given to the MCH to be used for public purpose some four decades ago. […]
APIIC Approaches SEZ Firms For Fab
Monday, May 7th, 2007The Andhra Pradesh Industrial Infrastructure Corporation has begun scouting for a codeveloper for Fab City.The corporation, which took the driver’s seat after the government cut SemIndia’s role, is believed to have proposed to leading “desi” developers of IT and infrastructure projects to study the feasibility of becoming a co-developer in the Fab City Special Purpose […]
Realtors Hit As Infosys Shifts Base
Sunday, May 6th, 2007It’s a bolt from the blue for realtors who bought land in Mamidipally in the hope of riding on the boom generated by Infosys’ largest campus in the country coming up there: The IT bellwether’s campus is likely to be shifted to Pocharam on the Warangal highway at the other end of Hyderabad.The shift has […]
Goldstone To Set Up Rs. 5 Crore Plant
Sunday, May 6th, 2007Goldstone Teleservices Ltd is set to tap the Rs.600-crore market for heat shrinkable sleeves for oil and gas pipeline joints by indigenously producing them in the country.L.P. Sashi Kumar, managing director, and Surendranath, executive vice-president told a press conference here on Friday that a plant at Cherlapally near Hyderabad for manufacturing corrosion protection heat shrinkable […]
XLRI Spreads Wings To Cyberabad
Sunday, May 6th, 2007XLRI is spreading its wings to the cyber city of Hyderabad by way of starting a second campus there on a 30-acre plot located on the 135-acre Society of Jesuits-run Loyola College premises at Alwal in the city.The B-School has planned to start its regular two-year courses in business gement (BM), personnel management & industrial […]
Decision On Elevated Metro Rail Project Criticised
Sunday, May 6th, 2007The Lok Satta Party has criticised the Government for its decision to go ahead with the elevated metro rail project for Hyderabad calling it “ill-considered, non-comprehensive and unviable”.Party spokesperson Karthik Chandra on Friday alleged that the Rs. 8,482 crore project will serve as a magnet for “corruption, irregularities and inefficiency”. The Government is allowing the […]
YSR Lays Foundation For Indigenous Car Project
Sunday, May 6th, 2007Chief Minister Y. S. Rajasekhara Reddy on Monday unveiled a plaque marking the laying of the foundation stone for MLR Motors’ car project here. He complimented the promoters — M. Lokeswara Rao (Director) and B. V. R. Subbu (Chairman) — of the project for taking up a challenging task to set up a car manufacturing […]
New Hyderabad International Airport Leases Land To Indian Airlines For MRO Facility
Sunday, May 6th, 2007GMR Hyderabad International Airport Ltd, (GHIAL) has signed a lease agreement with Indian Airlines Limited (IA) for setting up Maintenance, Repair & Overhaul (MRO) facility at the upcoming Rajiv Gandhi International Airport at Hyderabad.
As per terms of the agreement, the Indian Airlines will build a new MRO facility at the new international airport at Shamshabad. […]
Hyderabad Goes Online: Courtesy Sify
Sunday, May 6th, 2007Sify.com has launched the first broadband and video website, www.hyderabadlive.in, for the city of Hyderabad. After the successful launch of mumbailive.in and bangalorelive.in, hyderabadlive.in is the third broadband city portal from Sify.com. www.hyderabadlive.in will enable the citizens of Hyderabad to access local content spanning Tollywood happenings, music, the hottest clubs and the city’s latest gossip, […]
Nektar Therapeutics To Set Up Multi-Million Dollar R&D Facility In Hyderabad
Sunday, May 6th, 2007Nektar Therapeutics, the US-based novel drug delivery company, has decided to make India its second Research and Development (R&D) hub, with investments to create a discovery team and top class infrastructure.
The company, which has brought to the global market the world’s first inhaled (powder) drug to treat diabetes (Exubera) with Pfizer, will build a modern […]
The National Technical Research Organisation Is Coming To Hyderabad
Sunday, May 6th, 2007The National Technical Research Organisation (NTRO), a premier scientific organisation under the national security adviser in the prime minister’s office and engaged in the development and deployment of systems for national security, will be located near Hyderabad.
This was decided at a meeting of senior NTRO officials with the Chief Minister YS Rajasekhara Reddy in Hyderabad […]
Centre Approves Hyderabad Metro Rail Project
Sunday, May 6th, 2007The Central Government has approved financial assistance of Rs. 1,639 crores for the Hyderabad Metro Rail project towards 20 per cent of the total project cost of Rs. 8,482 crores under the `viability gap funding’ scheme. The announcement came on Thursday.
The Centre was inclined to consider a bigger grant for the project of which 60 […]
Dubai Based Al Fajer Properties Eyes Indian RE Through JV
Sunday, May 6th, 2007Al Fajer Properties, one of the leading realty developers from Dubai, today announced its India investment strategy which will include developing world-class realty projects in India through a joint venture and creating a real estate fund to facilitate investments by small investors in Dubai properties.
The announcement follows its successful participation in the recently concluded Asian […]
Appliance Firms Set Sights On Modular Kitchens
Sunday, May 6th, 2007Consumer durable makers are looking at grabbing a piece of the pie in the modular kitchen space. Kitchenware appliance maker TTK Prestige, which has been testing waters in this space, plans to open exclusive showrooms devoted to modular display kitchens starting May this year. The first outlet will be in Bangalore and subsequently Prestige plans […]
"Government Order" Paves Way For Fab City Project - It Marches Ahead…
Tuesday, May 1st, 2007With the Andhra Pradesh Government issuing an order allotting 100 acres of land to SemIndia, decks have been cleared for the proposed $3 billion semiconductor manufacturing Fab City here.
Acting cautiously in view of the controversy following certain allegations made by Opposition Telugu Desam party against the promoter, the government has made it clear that it […]
Fab Power SOP Set At 50 MW
Tuesday, May 1st, 2007The State has decided to restrict the quantum of power to be supplied at subsidised rate to Fab City promoter SemIndia.
This will help the government to reduce the subsidy burden considerably from the original Rs 1,000 crore.
In the GO issued on Saturday, the government said power would be provided at a rate of Rs 1.85 […]
SemIndia Gets Seat In Fab Vehicle
Tuesday, May 1st, 2007According to sources, a high-level deci- sion was taken to allot a maximum equity of 11 per cent to SemIndia in the SPV, though officials had insisted that its position should only be advisory.
The State government on Saturday issued the order on the controversial Fab City project, retaining promoter SemIndia as equity holder in the […]
Rs 20 Lakh Home Loan Now In Priority Sector
Tuesday, May 1st, 2007The Reserve Bank of India on Monday notified the norms to banks in relation to priority sector lending. The norms allow banks to include direct finance to corporations for agriculture and allied activity of up to Rs one crore as priority sector sector lending against the earlier ceiling of Rs 20 lakh.
The norms also allow […]
Janapriya UTOPIA Phase II
Tuesday, May 1st, 2007TALE OF TWO CITIES
Tuesday, May 1st, 2007While New Hyderabad shines, proudly flaunting its classy bistros, glitzy stores and nightclubs, the Old Town gropes through its narrow, neglected bylanes to let the world know that it, too, breathes.
With Charminar on one side, and Cyber Towers on the other, the four centuries’ Old city seems to be fast acquiring an odd equation. Some […]