Archive for September 2nd, 2007
Sonia Inaugurates Rs 24 Cr Rajiv Nagar
Sunday, September 2nd, 2007In her first visit to the State after the twin blasts rocked Hyderabad, Congress president Sonia Gandhi on Saturday gave a much-needed boost to the beleaguered Rajasekhara Reddy Government, inaugurating the biggest housing colony in the State built under the Rajiv Gruhakalpa Scheme at the Satellite City, 12 km away from here, and showering praises […]
Reds Take Over Disputed Land In Banjara Hills
Sunday, September 2nd, 2007Left activists on Sunday occupied 5.2 acre land in the Banjara Hills locality as part of their ‘Bhooporatam’ agitation. The land, however, is said to be entangled in disputes. But CPM leaders alleged that a senior Congress MP had encroached upon the land.
State Plans 200% Land Value As Fine
Sunday, September 2nd, 2007A high-level expert committee has recommended harsh penalties for constructions that violate rules and sanctioned plans. The seven-member committee headed by retired IAS officer M. Prasada Rao has submitted its report to the State government, which has placed it before the High Court.
GHMC To Start Sealing Drive From Monday
Sunday, September 2nd, 2007Greater Hyderabad Municipal Corporation will start its sealing drive from Monday against commercial establishments including hotels, bar and restaurants which have failed to provide parking facility despite the lapse of notices served on them.
Building Tax To Go Up In Vizag
Sunday, September 2nd, 2007The Greater Visakhapatnam Municipal Corporation will fetch an annual revenue of Rs 60 crores through its revised non-domestic house tax structure which would come into effect from October 1. This tax is being revised after a gap of 14 years. The Corporation at present collects Rs 28 crores every year. The Corporation officials have been […]
City Has No Land For CM’s Housing Scheme
Sunday, September 2nd, 2007The government’s plan to implement Indiramma scheme in the city may not materialise due to non-availability of land here. The government may be forced to go to Ranga Reddy district to construct houses for beneficiaries from Hyderabad. The Housing Board is looking for land in Ranga Reddy district for the scheme which has nearly 50,000 […]
Reebok Opens World’s Largest Retail Outlet In Hyderabad
Sunday, September 2nd, 2007Photo Courtesy: NAGARA GOPAL, The Hindu
Reebok, the sportswear major opened what it termed the world’s biggest retail outlet, spread over 15,000 square feet in upmarket Jubilee Hills here on Friday evening.
Special Teams To Guard Heritage Sites
Sunday, September 2nd, 2007Three months ago, a blast at Mecca Masjid not only destroyed the ‘wonder bench’ there, but also exposed the mosque’s vulnerability.
Decks Cleared For Service Road On Lower Tank Bund
Sunday, September 2nd, 2007A service road alongside the Telugu Thalli flyover on lower Tank Bund — from Katta Maisamma temple to the Ambedkar statue — will soon be ready.
The stretch between the temple and the statue has no separate road for traffic to reach Liberty or the Tank Bund. As a result, those who want to go to […]
DLF Weighs Metro Link In Its Townships Nationwide
Sunday, September 2nd, 2007India’s largest real estate developer, DLF, is embarking on a new model to ensure its townships have connectivity with metro rail projects. The company has hired Delhi Metro Rail Corporation’s (DMRC) projects and planning director CBK Rao for developing private metro projects.
FDI Into The Indian Real Estate Sector Is Set To Grow
Sunday, September 2nd, 2007The inflow of foreign direct investments into the Indian real estate sector is set to grow, says Meena Singh. For the year 2007, foreign direct investment worth about $30 billion (Rs 1.32 lakh crore) is in the pipeline for all Asian real estate markets. Of this, about $6 billion is planned for the Indian market […]
‘Disha Financial Counselling’ Launched Hyderabad Branch
Sunday, September 2nd, 2007When was the last time you understood the documents handed over to you by a bank while you were investing or taking a loan?
Even among the ‘moneyed’ population, there’s not always an understanding of the mechanics of the financial sector. Disha Financial Counselling, set up under the aegis of ICICI Trusteeship Services Ltd., an initiative […]
Indian Realty Market Is Immune To Sub-Prime Shock
Sunday, September 2nd, 2007The mode of functioning of the realty market in India is quite different and it is mature enough to absorb the sub-prime shocks emanating from the US, says Prabhakar Sinha.
The US real estate market is in tizzy because of the high default rate, known as the sub-prime problem. There are apprehensions that it might affect […]