Archive for January, 2008
« Previous EntriesNext Entries »Three bidders for Budvel project
Saturday, January 19th, 2008The Hyderabad Urben Development Authority (HUDA) received three bids for its 165- acre Budvel township project here on Friday, the last date for submitting bids. DLF, Unitech and Ansal Properties submitted their bids against the fixed upset price of Rs.4 crore per acre.
Telangana issue sparks ‘real’ debate
Saturday, January 19th, 2008With the separate State talk gaining momentum, developers and others in the sector are divided over its impact on the real estate scene in and around Hyderabad, writes T. LALITH SINGH
Photo Courtesy: The Hindu
Wait and watch: It is to be seen whether the recent political developments affect the real estate prospects. –
Andhra to offer 8 airports for hub and spoke projects
Saturday, January 19th, 2008The Andhra Pradesh government will invite expressions of interest for eight minor airports to come up in the hinterlands under a public-private sector initiative.
The airports will be set up in Nellore, Kothagudem, Tadepallegudam, Bobbili, Ramagundam, Kurnool, Nizamabad and Ongole. Each airport project is expected to cost Rs 50 crore.
Hyderabad to get Digital Entertainment City
Saturday, January 19th, 2008In a public-private partnership initiative, a consortium of animation and gaming firms and production houses — FX Labs, Suresh Productions, DQ Entertainment, Gemini TV — and the Andhra Pradesh Government have come together to establish the country’s first Digital Entertainment City in Hyderabad, along with an Entertainment Academy to be launched in June.
Volkswagen’s ‘New Beetle’ Arriving Soon On Indian Roads…
Friday, January 18th, 2008First the Nano, and now the Bug. A day after Tata Motors unveiled what is the ‘cheapest car in the world’, the original people’s car, the iconic Volkswagen Beetle, is set to drive into India. Volkswagen, Europe’s largest car maker, announced on Friday that its retro small car Beetle would hit Indian roads in the […]
Airlines May Do Terminal-side Ground Handling
Friday, January 18th, 2008The civil aviation ministry might reconsider its earlier decision of disallowing airlines to undertake their own ground-handling services and directing them to outsource it to Air India or the Airports Authority of India (AAI) or a third party chosen by the airport operator.
Clearances: Onus On Penthouse Owners
Friday, January 18th, 2008It is the responsibility of penthouse owners alone to get clearances from the Airports Authority of India (AAI) and the Fire Services Department under the Compulsory Disclosure Scheme (CDS) to regularise unauthorised structures.
DLF and Gayatri Form JV For Infra Projects
Friday, January 18th, 2008India’s largest listed developer DLF Ltd has formed a joint venture with Hyderabad-based infrastructure company Gayatri Projects Ltd to build roads and highways even as the government prepares to spend more on the infrastructure sector, and returns in the real estate business start to plateau.
GHMC Ignoring Builders, And Penalising Owners
Friday, January 18th, 2008Did you check your flat’s layout plan before you purchased it? Perhaps it’s time you do with the builder-friendly government penalising apartment owners for any deviations in the building layout. Flat owners are predictably up in arms, finds Roli Srivastava.
Satya Vani secures PE fund for green homes project
Thursday, January 17th, 2008Satya Vani Homes, part of Hyderabad-based realty and consultancy firm, Satyavani Projects, has tied up with Amitayus Investments LLC, for about $10 million infusion, to part fund a green homes project near Hyderabad.
Narsee Monjee Institute of Management Studies varsity at Jadcherla
Thursday, January 17th, 2008A private university will come up at Rajapur village near Jadcherla in Mahaboobnagar district, set up by a charitable trust that runs educational institutions in and around Mumbai, Sri Vile Parle Kelavani Mandal.
Airport civil works to be completed by March
Thursday, January 17th, 2008Though already delayed for over four months, the Rs.95 crore new terminal building in the Visakhapatnam airport, controlled by the navy’s INS Dega, is likely to be inaugurated by June as major work has already been completed.
BioAsia 2008 To Take Off From Feb 7
Thursday, January 17th, 2008The 5th edition of BioAsia 2008, the global business forum for promoting biotechnology - will be held at Madhapur in Hyderabad from February 7 to 9. Vice-President M Hamid Ansari will inaugurate the Bio Asia-2008 meet at the International Convention Center.
Oracle Acquires BEA Systems For $8.5 Billion
Thursday, January 17th, 2008Oracle Corp on Wednesday won a threemonth-long campaign to buy BEA Systems by raising its bid for the business software maker by 14% to $8.5 billion.
Patel Engineering Ltd To Value Its Land Bank
Thursday, January 17th, 2008Patel Engineering (PEL), a Mumbai-based construction major, has roped in global real estate advisor DTZ to value its land bank across the country ahead of a proposed sale of part equity to private equity players in its recently floated wholly-owned subsidiary — Patel Realities India (PRIL).
Greenfield Airports: High ‘Airport Service Fee’
Thursday, January 17th, 2008Millions of passengers flying out of two greenfield airports in Hyderabad and Bangalore respectively would have to shell out user development fee beginning March this year.
Blackstone May Pull Out Of Eenadu Deal
Thursday, January 17th, 2008Blackstone, the world’s largest leveraged buyout firm, is close to scrapping its PE deal for Hyderabad-based media group Ushodaya Enterprises, owners of Telugu publication Eenadu, according to sources familiar with the situation.
BSNL Lines Up Big-Bang IPO
Tuesday, January 15th, 2008State-owned telco BSNL on Monday said it plans to launch the country’s biggest IPO to raise about Rs 40,000 crore (over $10 billion).
“The company is valued at well over $100 billion. We are looking at offloading up to 10% stake, subject to government approval,” BSNL’s directorfinance SK Saxena told reporters. Asked about the development, […]
IDPL To Lease Out Core Block To Corporates
Tuesday, January 15th, 2008The ailing Indian Drugs and Pharmaceuticals Limited (IDPL) has decided to lease out its administrative building in Balanagar to private companies.
APIIC Set For Mother Of All Land Auctions
Tuesday, January 15th, 2008The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is preparing ground for yet another major auction to generate the much-needed resources for the state government, which has gone on an overdraft for the first time this month after coming to power in 2004.
Consumer Forum Cracks Whip On Amulya Estate
Tuesday, January 15th, 2008In a judgment that sends warning signals to errant builders in the state, the AP state c o n s u m e r disputes redressal commission on Friday directed a builder - K Bhagawati, managing partner of M/s Amulya Estate, Hyderabad - to get the defects of three flats she sold in Anmol Residency […]
Work apace on Punjagutta, Greenlands flyovers
Tuesday, January 15th, 2008Photo Courtesy: The Hindu
Hectic activity: Construction work in progress at the Greenlands flyover on Monday. —
The Punjagutta and Greenlands flyovers are well on course to be completed in March.
Hyderabad steals march over Blore
Tuesday, January 15th, 2008What Bangalore does, Hyderabad seems to do one better.
After Bangalore International Airport Limited (BIAL) announced launching of its new airport on March 30, the GMR Hyderabad International Airport Limited said its first flight will take off on March 16. It has stolen a march over its tech-hub competitor.
GHMC fails to blacklist even a single faulty realtor
Tuesday, January 15th, 2008The Greater Hyderabad Municipal Corporation (GHMC) has not blacklisted a single builder over two decades though more than 50,000 unauthorised constructions have come up in the city during this period.
HPCL to build stadium in city
Tuesday, January 15th, 2008Union Minister for Petroleum and Natural Gas Murli Deora on Monday said Hindustan Petroleum Corporation Limited would build a stadium in the city as part of golden jubilee year celebrations of Visakh Refinery.
250-acre industrial park gets approval
Tuesday, January 15th, 2008The state government will develop an industrial park to promote precision engineering near Research Centre Imarat on the city outskirts. The facility is to come up on 250 acres of land to be developed by the AP Industrial Infrastructure Corporation.
The NANO Effect - India Becoming Hub For Low-cost Innovations
Monday, January 14th, 2008Much has been written about how the Nano from Tata Motors has changed forever the way India is perceived globally. Now after all the euphoria begins to subside, it’s time to ask some key questions. Is this the visible face of a wave of innovation that’s sweeping across India? And is India poised to become […]
Independent Finance Professionals Are Now Allowed To Advertise Services
Monday, January 14th, 2008The new year brings in good news for independent finance professionals like company secretaries, chartered accountants and cost & works accountants, who will be allowed to advertise their services and area of proficiency, a move that would enable them to offer services globally and effectively highlight their areas of competence.
Wakf Board Chief Shown The Door
Monday, January 14th, 2008No officer who follows the rule book can remain in the state wakf board (SWB) for long. This fact was brought to light once again with the government taking away the additional charge of the SWB from IAS officer Ariz Ahmed in a surprise decision on Tuesday night and restricting him to his main job […]
Construction Investments To Surge
Monday, January 14th, 2008Investments in the construction sector is expected to rise 19% per annum to touch Rs 3,03,400 crore in the next two years from Rs 2,15,100 crore invested in the past two years, said a Crisil report.
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