Archive for August, 2007
« Previous EntriesHyderabad City Gets A-1 Status
Friday, August 31st, 2007There is more good news for Central Government Employees in the State capital.
With the Centre upgrading Greater Hyderabad Municipal Corporation as A-1 city from September, central employees are to get extra House Rent Allowance and City Compensatory Allowance (CCA).
Meet On Real Estate At ISB
Friday, August 31st, 2007The recent years have seen real estate boom like never before and redefine the way one looked at property issues. It caught the fancy of every section of the society and apart from changing the cityscapes also stretched the city limits with the coming up of residential developments on the once unexplored outskirts.
Is There A Global Real Estate Meltdown?
Friday, August 31st, 2007The future of the housing sector depends a lot on government policy, says K. Sukumaran.
There is a general notion that the global economy looks for ‘direction’ from the U.S. and the housing sector cannot be an exception. If this notion does not hold good for major European countries, can it be good for India?
SEZ Paves The Way For Kakinada To Be IT Hub
Friday, August 31st, 2007The port city of Kakinada is poised for becoming hub for IT activity, with the IT/ITES sector special economic zone getting cleared by the Board of Approvals, Department of Commerce, New Delhi. Union Minister of State for Defence M M Pallam Raju was instrumental in securing clearance for the project to make his dream vision […]
Rehab Policy Good News For SEZs
Friday, August 31st, 2007The resettlement and rehabilitation (R&R) policy, recommended by a group of ministers (GoM), will have a positive impact on the 183 proposed special economic zones (SEZs) that are yet to acquire land but have received approval in principle.
Another 264 SEZs, the majority of which have not acquired land and are yet to be considered, […]
Aditya Housing Bags 17.30 Acres In Vizag For Rs 100 Cr
Friday, August 31st, 2007Hyderabad-based Aditya Housing and Infrastructure Developers (AHID) emerged as the highest bidder by quoting Rs 5.78 crore per acre for a 17.30-acre of land at Yendada village on the outskirts of Visakhapatnam.
For Clarity On Niggling Real Estate Doubts
Friday, August 31st, 2007Book - ‘Dealings in Real Estate & Housing’ by C.H. Gopinatha Rao
D. Murali’s review of the book.
The realm of real estate can evoke powerful dreams, while at the same time being eerily frightening the closer one gets to the prospect of owning a property. For, it is not unusual for worries to fill the head, […]
AP To Leverage Singapore Expertise
Thursday, August 30th, 2007The state-owned Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and the Singapore government have identified certain areas of collaboration, including environmental and water resource management for the upcoming projects such as Fab City and the Petroleum, Chemicals and Petrochemicals Region (PCPIR) in the state.
One-time Pay-off For Land Losers: GoM
Thursday, August 30th, 2007The group of ministers (GoM) set up to decide a national resettlement and rehabilitation (R&R) policy finalised its recommendations, which includes a one-time settlement for people impacted by industrial projects and special economic zones (SEZs) and permits states to acquire up to 30 per cent of the land for private players in certain circumstances.
AP Gets Approval To Set Up 4 SEZs
Thursday, August 30th, 2007The Board of Approval (BoA) of the Special Economic Zones (SEZs) on Thursday gave formal approval to the proposals of Tata Consultancy Services, Cognizant Technology Solutions and the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to set up IT/ITES SEZs in Andhra Pradesh. The BoA approved 20 formal and seven in-principle approvals for setting up the […]
It’s Raining Jobs, Literally!
Thursday, August 30th, 2007Job seekers queue up at the regional employment office in Vijayawada during mega job mela. Photo Courtesy: The Hindu
The office of the regional employment officer on the campus of the Government ITI was a beehive of activity on Thursday, with about 10,000 unemployed youths participating in the ‘Mega Job Mela’ organised as part of the […]
Second SEZ For Kakinada
Thursday, August 30th, 2007One more SEZ, exclusively for IT industries has been sanctioned for Kakinada, to be established by the APIIC, Union Minister of State for Defence M M Pallam Raju said.The Board of Approvals (SEZs) in the Department of Commerce, Government of India at its 17th meeting at New Delhi on Thursday accorded the formal approval for […]
Land Auction Swells VUDA’s Kitty
Thursday, August 30th, 2007Â
Gold mine: A view of the VUDA’s Rushikonda project in Visakhapatnam. Photo Courtesy: Hindu
The auctions conducted by the Visakhapatnam Urban Development Authority for sale of bulk lands, land for setting up schools and a hospital fetched Rs. 236 crores on a single day on Thursday. The VUDA put eight plots belonging to the […]
Forced Revamp For Cyberabad Traffic
Thursday, August 30th, 2007The Cyberabad traffic police is all set for a major makeover with the new commissionerate building to come up by mid-September, 400 more Home Guards undergoing training and more senior posts created by 2008.
SITI Corp To Invest $5mn In Hyderabad
Thursday, August 30th, 2007SITI Corporation, a California-based recruitment process outsourcing (RPO) solutions provider with its offshore development and recruiting centres in Hyderabad, sees huge potential for its products and services in the Indian market.
SREI Infrastructure & A.P Govt In Public Private Partnership (PPP) Initiative
Thursday, August 30th, 2007SREI Infrastructure Finance Ltd has announced that the Company has picked up a majority stake in Andhra Pradesh Government promoted Venture Fund.
In consonance with the spirit of Public Private Partnership (PPP), the institutional stakeholders in the Fund titled HIVE recently invited corporate bodies with rich investment experience to partner HITVEL, the asset management Company.
GMR Group Does A Rejig
Thursday, August 30th, 2007G M Rao could well be infrastructure’s Narayana Murthy. In a move that resembles the IT czar’s decision when he turned 60, GMR Group’s chairman and managing director G M Rao (58) has decided to move away from day-to-day operations to take on strategy and big picture roles. The GMR Group, which is moving at […]
Science City: 2,500 Acres To Be Acquired From Farmers Directly
Wednesday, August 29th, 2007Ryots to be paid compensation agreed upon mutually by both sides.
Collector N. Sridhar at a meeting with Science City project officials David Belham and Rao Munukuntla in Anantapur on Wednesday.
Huda To Move Out Of Paigah Palace
Wednesday, August 29th, 2007The Huda will start moving out of the Paigah Palace from Thursday. Some of the wings of the civic authority will move to the new GHMC complex coming up in Secunderabad near St Ann’s High School.
The offices of the Huda chairman, vice-chairman, secretary and manager (P&PR) will move to the Greenlands Guest House. The state […]
Check Out India’s Most Expensive Boulevard
Wednesday, August 29th, 2007Â Could it be in Hyderabad? Read more…..
Check out India’s most expensive ZIP codes. From the old world charm of Kolkata’s Alipore Road to Delhi’s hallowed Lutyens’ zone and Mumbai’s shore-hugging Napean Sea Road — it’s not really a surprise that these represent India’s most exclusive and most expensive addresses.
BoA To Take Up 31 SEZ Cases On Thursday
Wednesday, August 29th, 20071. TCS, Cognizant SEZ’s in RR District going for approval on Thursday
2. Chittor to get it’s first IT SEZ
The Board of Approval will take up 31 SEZ proposals, including those by Tata Consultancy Services and Cognizant Technology, for clearance at its meeting on Thursday.
IDPL Land To Fund YSR Dream
Wednesday, August 29th, 2007The government is proposing to sell 800 acres of IDPL land in the city outskirts to fund the high-speed road and rail corridor between Visakhapatnam and Hyderabad. The Hyderabad-Vijayawada-Visakhapatnam Growth Corridor is estimated to cost about Rs 20,000 crores. It is scheduled to be launched on August 15, 2008.
Hindujas May Have To Renegotiate Simhadri Land Terms
Wednesday, August 29th, 2007The Hindujas, who have evinced interest to revive the 1,040-MW coal-based power plant planned at Simhadri near Visakhapatnam by making it a merchant power plant, may have to renegotiate the terms of the project and also with the owners of land they had purchased, in all probability paying a higher price now.
US-based SMEC To Invest Rs 2,500 Cr In Andhra
Wednesday, August 29th, 2007Small & Medium Enterprise Consortium (SMEC), formed by a group of entrepreneurs from across the globe, will invest Rs 2,500 crore in Andhra Pradesh for providing thrust to SMEs, particularly those in the IT sector, in the state.
The investment by SMEC, which promotes sustainable development of small and medium enterprises, would generate 25,000 jobs directly […]
IBM India Launches Vizag Operations
Wednesday, August 29th, 2007IBM India, as part of its plan to expand footprint in the country, announced the launch of operations in Vishakapatnam.
The IT major is planning to open centres in six cities including Nashik, Surat, Bhubaneshwar, Jamshedpur, Jaipur and Madurai in addition to operations in Chandigarh, Nagpur, Coimbatore, Goa, Lucknow, Bhopal and Lucknow.
Bullet Trains To Ply In Four Corridors In India
Wednesday, August 29th, 2007Railways are contemplating to run high-speed bullet trains in the country, the Lok Sabha was informed on Thursday.
The Railway Ministry will conduct pre-feasibility studies for construction of high-speed passenger corridors, equipped with the state-of-the-art signalling and train-control systems for running high-speed trains at speeds of 300 to 350 km per hour, Railway Minister Lalu Prasad […]
Hyderabad IT Industry Forms Its Own Security Task Force
Wednesday, August 29th, 2007The techies of Hyderabad cannot take it anymore, they have decided for self-help. Two terror attacks in close succession has shaken India’s information technology (IT) and IT enabled services hub to the fact that they now need to protect Cyberabad, where terror might strike next.
Akkireddipalem Row House Auctioned For Rs 87 Lakh
Tuesday, August 28th, 2007Visakhapatnam Urban Development Authority (VUDA) today auctioned two houses left unsold at the Panchavathi Township in Akkireddipalem. Also, 13 row houses at Rushikonda were auctioned. The upset price for classic house was fixed at Rs 38 lakh, while it was auctioned for Rs 87 lakh.
HCL BPO To Set Up New Centre In Hyderabad
Tuesday, August 28th, 2007HCL BPO, as part of its focus on organic and inorganic growth in the country and overseas during FY08, plans to set up a new delivery centre in Hyderabad in early 2008.
The centre will initially be a 1,000-seater facility, and is expected to undertake voice-based outsourcing services in retail and financial services and other verticals.
No Land For Power Stations
Tuesday, August 28th, 2007The real estate boom has brought much trouble to electricity consumers of the city. A major project of the Central Discom to improve power supply by constructing 10 new 33/11 kv substations is being delayed because of the non-availability of land in the city. Rapid urbanisation and increase in the number of power consumers from […]
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