Archive for September 18th, 2007
Small Cities Will Transform Realty Landscape
Tuesday, September 18th, 2007As many as 11 cities in the country are emerging as new growth centres with the potential to lead the transformation of the Indian real estate sector, a report by FICCI and Ernst & Young said on Monday.
Skoda Power To Set Up Turbine Unit In Hyderabad
Tuesday, September 18th, 2007Skoda Power, the Czech major, is scouting for a suitable site around Hyderabad to set up a manufacturing plant for turbines to meet the demands of the power sector. Stating this, Mr Richard David, Commercial Counsellor, Embassy of Czech Republic, told a meeting here that his country was also a major player in the modernization […]
IDBI Cuts Fixed Home Loan Rates
Tuesday, September 18th, 2007IDBI Ltd cut the interest rates on fixed home loans by about 100 basis points with effect from September 1. However, the floating interest rate continues to remain unchanged. The bank has also increased rates on fixed deposits for some maturities.
VUDA Approves 10 Layouts In Two Months
Tuesday, September 18th, 2007VUDA approved and released Layout Plans (LP) of 10 layouts in July and August. Out of these, one is VUDA’s own layout developed at Sontyam with 288 plots in survey no. 347/p and another is developed by the AP Housing Board in survey no. 28/p of Krishnarayapuram for construction of 66 row houses.
VUDA Invites Objections On Layout Proposals
Tuesday, September 18th, 2007Thirtythree applications are under process with the Visakhapatnam Urban Development Authority (VUDA) for release of Layout Plan (LP) in Visakhapatnam Metropolitan Region (VMR). With a view to release the Layout Plan without any dispute or objection being raised about ownership or title deeds subsequently, VUDA has decided to call for objections from the general public […]
Government To Go Ahead With Auction Of Lands
Tuesday, September 18th, 2007In spite of protests by the Telangana Rashtra Samiti, the State Government has decided to go ahead with auction of lands around the Twin Cities for raising funds for taking up developmental works.
A decision to this effect was taken at a high level meeting chaired by Chief Minister Y.S. Rajasekhara Reddy here on Tuesday.
GHMC To Counsel Owners Of High-rise Structures
Tuesday, September 18th, 2007The GHMC, which has once again issued notices to 27 multi-storied buildings yet to initiate fire safety measures earlier this month, has decided to call for a meeting of its owners or occupants to give them “further guidance” on the issue on Wednesday.
GHMC On A Demolition Drive
Tuesday, September 18th, 2007The Greater Hyderabad Municipal Corporation (GHMC) is on a demolition drive against buildings that have been constructed violating building norms.
The top floor of a five-storied building at M.J. Colony in Moulali was demolished on Tuesday.
“RBI Policy Inimical To Real Estate Sector” - DLF Chief
Tuesday, September 18th, 2007DLF chairman K.P. Singh said on Tuesday that high lending rates triggered by Reserve Bank’s tight monetary policy has effected real estate demand in the country but he hoped that demand will surge again once rates dip. Mr Singh said that RBI has been framing its credit policy with over focus on containing inflation, totally […]
Land Hype Reminiscent Of 1861 Crash
Tuesday, September 18th, 2007The mad mad rush for buying and selling land and the new fangled idea of land banks reminds one of the first ever crash of the stock market which took place in Mumbai after the American Civil War ended. Land prices and land stocks which had shot up during the war to astronomical prices collapsed.
Investing In Stocks? Know Some Facts…
Tuesday, September 18th, 2007Sensex-watching is a popular spectator sport, yet people hesitate to invest in stocks. Here’s a guide to help you get started.
These days, Dalal Street has become almost a household word, since it features in news headlines so frequently. So it’s safe to presume that people have grown quite comfortable with the idea of investing in […]
Blackstone Is On Full Blast In India
Tuesday, September 18th, 2007It was a particularly trying moment in the negotiations. Blackstone, the US private equity giant, was in last-minute negotiations with the promoters of the Andhra Pradesh-based Ushodaya Enterprises, owners of Eenadu and ETV, to buy a stake in their media business. Broad details had been agreed upon and documents were being prepared when the deal […]
Hyderabad Gears Up For 400-Acre Township
Tuesday, September 18th, 2007Hyderabad’s first international-standard integrated township has moved closer to development with the announcement that the consortium of Tishman Speyer (TSI Ventures), ICICI Venture and Nagarjuna Constructions has signed an agreement with Hyderabad Urban Development Authority.
Blackstone To Enter Realty Market With Nagarjuna
Tuesday, September 18th, 2007The Blackstone group, which bought 14.5% equity in the construction firm Nagarjuna Construction Company (NCC) for $150 million, is planning to take its association with NCC into the property market.
GHMC Finally Demolishes Building On S.P. Road
Tuesday, September 18th, 2007In ruins: GHMC workers dismantling a building opposite Anand Cinema at Begumpet in Hyderabad on Monday. Photo Courtesy: Hindu
A half demolished building which was precariously positioned on the busy S.P. Road was finally razed to the ground on Monday. GHMC planning wing began the work after a fairly lengthy period of legal tussle […]
Builders Agree To Fund Infrastructure Creation
Tuesday, September 18th, 2007Call it a sheer coincidence or a result of some backroom parleys, the builders have recently agreed to contribute “some amount” to the Vijayawada Municipal Corporation (VMC) to create some much needed infrastructure in the city.