Archive for June 24th, 2007
Real Estate Investors’ Clubs - Status Update
Sunday, June 24th, 2007Hello All,
Thanks to all those who have joined in the RealEstate Investors’ Clubs and contributing to the discussions. Please spread the information to all your friends, so that there can be more activity in the group and hence, we can see more information shared - that may benefit several members.
I just thought of posting here […]
ITC Pulls Out Of Dream Bid For Hyderabad Knowledge City (Phase-1)
Sunday, June 24th, 2007This is as strange as it gets. The Andhra Pradesh Industrial Infrastructure Corporation Limited which had got a written bid offer of Rs 30 crore per acre in Hyderabad Knowledge City (Phase-1) near Hitech city at Madhapur has been forced to scrap the whole exercise. Reason: both the bidders for the land withdrew their offer […]
Cement Prices Rise Again
Sunday, June 24th, 2007Reflecting the construction fever that has gripped the city and also the State, the cement consumption has risen sharply during the last year, writes T.Lalith Singh.
While some relief has been ushered onto the real estate scene with the rise of property prices checked to a large extent in last couple of months, the rise in […]
Shield Your Home From Lightning
Sunday, June 24th, 2007A single direct lightning stroke could end up in physical damage to buildings and also electronic equipment if proper protection is not in place.
A safe house is the one which seeks to factor out all risks and puts in place measures to avoid possible disasters. A small precautionary step in time can really help avert […]
Labour ‘Pains’ For Realty Sector
Sunday, June 24th, 2007According to experts there is 30 per cent shortfall of labour force, writes M. Sai Gopal.
Shortage of construction material and their prices keeping a steady upward march, land rates having shot up beyond reach in last two years and now a shortage of men and women who could help in putting together the dreams homes. […]
Real Estate Boom Gone Bust?
Sunday, June 24th, 2007The property scene has calmed down and it appears rather subdued, compared to the aggressive domination seen in the later half of 2004, writes Lalith Singh.
Has real estate boom that touched the lives of many and reigned for more than two years finally taking a downward curve? Has it hit the high and there is […]
Gayatri-Maytas Consortium Bags Rs 880 Crore Orders
Sunday, June 24th, 2007Gayatri Projects Ltd has announced that the Company has secured two new orders along with Maytas Infra Ltd under Consortium (MAYTAS-GAYATRI CONSORTIUM) under SOT (Annuity) with a Total Projects Cost of Rs 880.00 Crores. Both the Company and Maytas Infra Ltd share of 50% each.
HUDA Justifies Hike In Development Charges
Sunday, June 24th, 2007The Hyderabad Urban Development Authority has increased the development charges for layouts under its jurisdiction manifold.
Though HUDA says revision of development charges comes after 12 years following rising infrastructure development cost over the years, the enhancement literally came as the last straw for the people already reeling under the impact of run away real es […]
Development Charges Revised For UDAs
Sunday, June 24th, 2007The Government has revised the rates of development charges for all Urban Development Authorities in the State, including HUDA. An order to this effect (GO 439) was issued on Wednesday.
The revision of development charges apparently has become the proverbial last straw on the camel’s back for the people in the twin cities who were already […]
The ATDC Hotels Brand ‘Punnami’ Changes To ‘Haritha’
Sunday, June 24th, 2007Chief Minister Y.S. Rajasekhar Reddy has ordered that the name of the hotels run by the AP Tourism Development Corporation be changed from ‘Punnami’ to ‘Haritha’, reportedly because the former is a synonym of Chandra, the moon.
Some of his aides had apparently told Dr Reddy that APTDC officials had named the hotels ‘Punnami’ to curry […]
BE ALERT: Hyderabad Malls Charge More Than MRP
Sunday, June 24th, 2007The next time you go shopping in a mall, do check the Maximum Retail Price (MRP) especially if you are in Hyderabad.
Raids conducted by the Controller of Legal Metrology have revealed that shopping malls are cheating consumers by charging far more than the original MRP on many products. They have also been accused of not […]
“Neem Tree” Feared On The Verge Of Extinction
Sunday, June 24th, 2007Neem trees (Azadirachta indica), the “Grama Vaidyudu” (village doctor) of rural India, also declared the Tree of Andhra Pradesh is on the verge of extinction if one goes by the unchecked felling by the timber merchants of Karimnagar district.
Everyday about 20 to 30 lorry loads of this tree are transported to various parts of the […]
24-hour English Real Estate TV Channel From July 23
Sunday, June 24th, 2007A South-based company is all set to launch an English 24-hour real estate TV channel from July 23 in India as well as Middle East and South East Asia. The channel will focus on real estate and the other industries related to it.
TO CASH IN on the boom in the real-estate sector, a Rs 4400 […]
GHMC Emergency Control Room Set Up
Sunday, June 24th, 2007The Greater Hyderabad Municipal Corporation has set up a special emergency monsoon control room at its head office at Tank Bund to be functional round-the-clock. Citizens can call up phones: 23221978, 23222018 & 23261330. Staff in this special cell would work in three shifts – 8 a.m. to 3 p.m., 3 p.m. to 10 p.m. […]
GHMC To Adopt Bangkok Model For Storm Water Drain Network
Sunday, June 24th, 2007Backed by National Disaster Management Authority (NDMA), Greater Hyderabad Municipal Corporation is toying with the idea of leveraging technical expertise of Indian Institute of Technology, Mumbai, to mimic a Bangkok model of stormwater drain (SWD) network in the State capital.
Two City Flyovers To Be Ready Soon
Sunday, June 24th, 2007The flyovers at Chandrayanagutta and Nalgonda crossroads will be ready by July 15.
Commissioner of the Greater Hyderabad Municipal Corporation (GHMC) CVSK Sarma who inspected the flyover works on Friday night asked the engineering officials to complete the job by July second week and get them ready for inauguration.
Nicholas Piramal Opens Second Clinical Research Facility In Hyderabad
Sunday, June 24th, 2007Wellquest, the contract research organisation (CRO) owned by the Indian contract manufacturer has set up the new 112-bed operation in Hyderabad - which has almost twice the capacity of its existing 60-bed ward, 6-bed ICU in Mumbai.
The new centre also hosts the company’s first female-only ward as well as a paediatric ward.
30-Minute Interview With Ashok Khanna, MD Of IHHR Hospitality
Sunday, June 24th, 2007After setting shop in Bangalore, IHHR, the company behind Ananda in the Himalayas has opened Ista’s doors in Hyderabad and is planning more across India. Ashok Khanna, managing director, IHHR Hospitality, speaks to Vyas Sivanand about the company’s expansion plans
What are the unique features of Ista Hyderabad?
High Court Puts Brakes on RTA Speed Limit Plan
Sunday, June 24th, 2007The regional transport authority’s bid to limit speed of vehicles plying on the city roads has hit a speed-breaker with the High Court ruling that the move is ‘illegal and contrary to the provisions of the Motor Vehicles Act’.
Jumeirah Eyes Serviced Apartments Sector In India
Sunday, June 24th, 2007As the extended stay market in India expands, yet another international hospitality major has evinced interest to bring its brand of serviced apartments to India. Dubai-based Jumeirah Group has outlined India as a potential market for its yet to be launched luxury serviced apartments - Jumeirah Living.
Alliance’s “Inner Circle” Of Majestic Villas At Shamirpet
Sunday, June 24th, 2007Inner Circle is yet another example of capitalistic excess brought to you by Alliance Infrastructure Projects Pvt Ltd. The estimated cost of the project is Rs 400 crore. The formal launch of the 60-acre project is scheduled in July. The company plans to expand the project if land is available.