Archive for January, 2008
« Previous EntriesCopters to fly shuttle to airport
Tuesday, January 29th, 2008A helicopter shuttle service will allow passengers taking flights from the new international airport at Shamshabad to do away with the hassle of a 30-km trip to the terminal by road. Deccan (formerly Air Deccan) will introduce the “heli-shuttle” service between the airport and a central location in the city once the new airport is […]
City buses to switch over to CNG soon
Tuesday, January 29th, 2008Nearly 50 per cent of the APSRTC fleet in the twin cities will switch over to CNG fuel in the next three months.
APSRTC managing director & vice-chairman V Dinesh Reddy announced this while congratulating RTC employees who got the award from HPCL for fuel efficiency at a function organised here.
Novartis to up Hyd headcount
Tuesday, January 29th, 2008Swiss-based multinational pharmaceutical company, Novartis, is planning to ramp up the manpower at its Hyderabad centre to 1,000 people from the present 300 in the next 18 months even as it has withheld R&D plans owing to its reservations about the Indian patent law.
As safe as houses? Dutch history suggests not
Tuesday, January 29th, 2008The house sugar merchant Cornelis Sasbout built in 1617 at number 150 on Amsterdam’s Herengracht canal tells a cautionary tale about investing in property — prices fluctuate wildly, but are ultimately flat.
From boom to bust, the plot Sasbout bought for 4,600 guilders (2,100 euros) and which today might sell for several million euros on the […]
US recession will dwarf dotcom crash
Tuesday, January 29th, 2008The recession facing the United States is of a scale that dwarfs the dotcom slump. The slowdown will cause a damaging regulation backlash as governments attempt to compensate for the financial pain facing families. Britain faces a similar plight, though it may avoid as deep a slowdown as the US.
Home prices begin to pinch less on high loan rates
Tuesday, January 29th, 2008The housing market in India is witnessing a fall in sales and prices. This is on the back of exorbitant prices and higher interest rates that have cut into demand in the past several months, industry experts said.
Omaxe to get Kokapet land at fraction of market rate
Sunday, January 27th, 2008New Delhi-based real estate developer Omaxe Ltd is likely to get 75 acres of prime land in Kokapet at one-third the market price. After giving preferential treatment to Unitech, Hyderabad Urban Development Authority has set the stage for giving away the Kokapet land to Omaxe under joint development which would relieve the company of the […]
GHMC project to be delayed
Sunday, January 27th, 2008The Rs 60 crore-project to modernise slaughter houses is likely to be delayed with the Union department of food officials putting a spanner on Greater Hyderabad Municipal Corporation’s plan to modernise and reopen four of the five slaughterhouses in the city.
Hindujas plan big for AP
Sunday, January 27th, 2008The Hinduja Group on Sunday said it plans to invest $50 billion in power, realty, auto, healthcare and oil and gas projects in India, whose appetite for infrastructure funds is pegged at $492 billion over the next five years.
On a ‘glittering’ course
Saturday, January 26th, 2008Bright Future: Managing Director of Golden Gate Properties, K. Pratap.
After making its presence felt in Bangalore, Golden Gate Properties has just completed a project at Madhapur and is in the process of initiating two more in the city. The company received a shot in the arm recently with a Deutsche Bank wing making its first […]
Nagaram not yet on realty radar
Saturday, January 26th, 2008Little beyond the bustling ECIL crossroads, it presents a perfect picture of an area which is still untouched by the hustle and bustle of a city, writes K. Srinivas Reddy
Photo Courtesy: The Hindu
Perfect ambience: A plotted area in Nagaram on the city outskirts.
Builders seek transparency in NOC issue
Saturday, January 26th, 2008Builders in the twin cities are asking for a transparent and hassle-free process of issuing no-objection certificate for buildings taller than 18 metres. Given the red tapism and difficulties involved in obtaining the NOC, builders are of the view that speedy disposal should be the objective of new initiatives in the field.
Investments in the realty sector to harness rich capital gains
Saturday, January 26th, 2008The realty sector in the country is all set to enter into a new era in 2008 with a plethora of investment options lined up in the coming months. Investors may invariably be in a dilemma as to where to invest and what percentage should be earmarked for each category in the investment portfolio.
What makes Hyderabad special
Saturday, January 26th, 2008When I’m asked why Hyderabad is a great place to invest in, my immediate reaction is, “Well, isn’t that obvious?” Let me state the facts first. Hyderabad is leading the way in infrastructure development compared to other cities.
Real estate ‘bank’ opened
Wednesday, January 23rd, 2008Offering one-stop-solutions in property matters and promising transparent transactions for both buyers and sellers, Real Estate Bank India (REBI) opened its first master franchisee ‘Orange Infraa’ in the city here on Wednesday. The franchisee was inaugurated by the former Chief Minister N.Chandrababu Naidu.
Hyderabad-Vijayawada road to be six-lane
Wednesday, January 23rd, 2008The Hyderabad-Vijayawada road will be developed into a six-lane express highway, according to Minister for Roads & Buildings T. Jeevan Reddy.
At present, a project has been taken up to make it only a four-lane facility but sufficient extent of land is being acquired to upgrade it into a six-lane highway, he said.
APIIC to make all industrial parks eco-friendly
Wednesday, January 23rd, 2008Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) is planning to make all the industrial parks in the State eco-friendly over next two years.
A pilot project for developing Eco Industrial Parks (EEP) implemented in the Nacharam and Mallapur industrial areas on the outskirts of Hyderabad with the help of German Technical Corporation (GTZ) yielded good results.
Sitafalmandi RoB to be completed by May
Tuesday, January 22nd, 2008The Road over Bridge (RoB) at Sitafalmandi will, in all likelihood, be completed by May this year.
Greater Hyderabad Municipal Corporation (GHMC) commissioner GVSK Sarma informed this to MLAs Padma Rao, G Sayanna and Nayani Narasimha Reddy, under whose jurisdictions the RoB falls.
‘Lord’ Foster to design towers in city’s IT park
Tuesday, January 22nd, 2008World-renowned architect Norman Foster will build the 100-storeyed tower of the Anil Dirubhai Ambani group and an iconic tower in the proposed IT park of BPTP in the city. These are the first projects in India to be undertaken by ‘Lord’ Foster, who restored the Reichstag in Berlin and built the Millennium Bridge in London.
Expressway behind schedule
Tuesday, January 22nd, 2008Racing against time: Construction activity is in full swing at the Elevated Expressway which will provide faster access to International Airport at Shamshabad. -
Photo courtesy: The Hindu
If one is expecting to cruise along the P.V.Narasimha Rao Elevated Expressway - the longest flyover in the country - to the Shamshabad International Airport to be opened on […]
Unitech bags Budvel project
Tuesday, January 22nd, 2008The Unitech company bagged the 165-acre Budvel township project when the HUDA opened the three financial bids it received for the project here on Tuesday. Unitech emerged the highest bidder by quoting Rs.2.5 lakhs more than the upset price of Rs.4 crore per acre.
‘New system to tackle land disputes’
Tuesday, January 22nd, 2008The State Government has decided to evolve a fool proof mechanism to check the authenticity of conflicting claims on lands made by different parties.
State team to inspect site for IIT
Tuesday, January 22nd, 2008A team of State officials will visit the Ordnance factory in Medak district on January 25 to study the facilities and finalise whether the place was appropriate for temporarily locating IIT sanctioned for the State.
VUDA to launch drive under BPS, LRS
Monday, January 21st, 2008The Visakhapatnam Urban Development Authority (VUDA) will launch an intensive drive for implementing the building penalisation scheme (BPS) and layout regulation scheme (LRS) pursuant to the State Government issuing GO Ms No 901 and 902.
‘Tenders for houses under JNNURM by month-end’
Monday, January 21st, 2008Tenders for the construction of 49,000 houses under JNNURM will be called by the month-end and the houses will be completed by October. Some 61 locations are being identified for the purpose mostly in Ranga Reddy district as there is no land in the city, said district incharge minister, Mohd Ali Shabbir.
My Home bags plot in Raidurg
Monday, January 21st, 2008The city-based My Home Group on Monday won the bid for a 15-acre plot in the knowledge city in Raidurg. The company quoted Rs 5,055 higher than the upset price of Rs 22.5 crore. Another city-based company G.S. Realtors also participated in the bid but quoted the amount equal to the upset price, said APIIC […]
Global Hospitals Enters Into A Joint-Venture With Future Group
Sunday, January 20th, 2008Kishore Biyani’s Future Group will shortly enter into a JV with Hyderabad-based Global Hospitals to set up a chain of clinics across the country.
Ista Hyderabad Ties Up With Emaar Properties
Sunday, January 20th, 2008Ista Hotel and Spa, the Hyderabad-based five star deluxe business hotel owned and managed by IHHR Hospitality Pvt Ltd, has tied up with Emaar Properties, for introducing spa and golf joint packages for its clientele. The hotel is also in the process of adding new rooms and food and beverage outlets to the property by […]
Genetic Research Center At Hyderabad
Sunday, January 20th, 2008The Houston-based Foundation for Genetic Research is planning to establish a centre here to promote basic research and exchange of scientists as part of strengthening the Indo-US cooperation in science and technology.
Fraud Uncovered In India Health Projects
Sunday, January 20th, 2008The World Bank said on Friday it had uncovered “serious incidents” of fraud and corruption in a review of five health projects in India and Bank President Robert Zoellick pledged he and the government would get to the bottom of it.
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