Archive for February, 2008
« Previous EntriesKompally, the new real estate hub
Friday, February 29th, 2008The area which is dotted with dhabas and theme parks is witnessing a boom in construction activity, writes S. Sandeep Kumar
Up for grabs: Apartments coming up at Kompally on the Medchal Highway in city. -
New construction trends to the fore
Friday, February 29th, 2008Best of practices, machinery involved in Lanco Hills project, says T. Lalith Singh
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Photo Courtesy: The Hindu
Dream project: A model of the Lanco Hills project coming up at Manikonda. Huge cranes and state-of-the art machinery deployed at the construction site. –
Unitech to pump in Rs 9000 crore in two properties at Hyderabad
Monday, February 25th, 2008Unitech, the country`s second largest realty firm, has secured two real estate projects in Hyderabad and will be developed over the next eight years at an investment of about Rs 90 billion, reports Business Line.
RTC gears up to rehaul city services
Sunday, February 24th, 2008The city is all set to get state-of-the-art transport facilities. Commuter Amenity Centres (CACs), bus terminals, inter-modal transit centres (IMTCs) and bus shelters will come up at various points in the city.
Metro Rail work from June-July
Sunday, February 24th, 2008One might smirk and dismiss it as a typical Hyderabadi trait, when you say you would meet him within five minutes. It’s just not the compulsive habit of the Hyderabadi to be ready to anything and everything, but the now infamous Hyderabadi traffic that forces anyone to be sceptical.
Defence leases out land for wider Patny, Bolaram road
Sunday, February 24th, 2008Decks have been cleared for widening of the choked Patny-Bolaram road with the Secunderabad Cantonment Board deciding to hand over the land required for widening the Rajiv Rahadari. The project involves widening and developing the 200-km state highway up to 200 feet from Secunderabad (Patny) to Ramagundam in Karimnagar district.
Urban Land Ceiling Act to go
Friday, February 22nd, 2008Under intense pressure from the Municipal Administration Department and World Bank, the State Government seems to have made up its mind to scrap the Urban Land Ceiling (ULC) Act with effect from next financial year.
Huda developing 3,500 acres of land for auctioning
Friday, February 22nd, 2008With pressure mounting from the State Government on Hyderabad Urban Development Authority (HUDA) to auction prime lands under its limits to raise funds for taking up developmental activities, the officials are drawing plans to develop over 3,500 acres land for the purpose.
Kothur high on real estate map
Friday, February 22nd, 2008The international airport at Shamshabad and improved connectivity have spurred real estate investment in this area, writes M. Srinivas
On the fast track: The real estate prices in Kothur, which is 16 km away from the international airport at Shamshabad, have sky rocketed. –
Foundation stone for four varsities soon
Thursday, February 21st, 2008The foundation stones for four universities in Mahabubnagar district will be laid by Chief Minister Y.S. Rajasekhara Reddy.
While one of the universities will be set up by the government, Tata Institute of Social Sciences to set up one at Mamimdipally village in Kothur mandal, Symbiosis International University and Narsee Monjee Institute of Management Studies at […]
JBIC approves loan for ORR Phase II B
Wednesday, February 20th, 2008Agreement to be signed between JBIC, government officials at New Delhi on March 10
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Photo Courtesy: The Hindu
With the Japanese Bank for International Cooperation (JBIC) giving its official consent for sanction of Rs. 3,000 crore for the Phase II B of Outer Ring Road project, funds for the execution of the final phase are in place.
25% pay hike for realty sector seen
Tuesday, February 19th, 2008The realty sector is projected to witness the highest salary rise in 2008 in India, even ahead of retail and telecommunications industries, says a survey.
The real estate is expected to record a salary hike of 25 per cent this year, though marginally less than 25.2 per cent seen in 2007.
Satyam lines up Rs 800 cr investment in SEZs
Tuesday, February 19th, 2008Having received clearance to set up five special economic zones (SEZ) - two in Hyderabad and one each in Nagpur, Chennai and Vizag - Hyderabad-based Satyam Computer Services will invest $200 million, or around Rs 800 crore, in the first phase of development.
More roads to be laid for new airport
Tuesday, February 19th, 2008Bahadurpura-Attapur junction road and Bandlaguda-Mamidipally road are to be developed
Photo Courtesy: The HinduÂ
The GHMC and the Roads & Buildings Department are taking up development of two roads to facilitate smooth traffic movement when the international airport begins operations next month.
Hyderabad`s gleaming new airport
Saturday, February 16th, 2008A month before it opens, Anjuli Bhargava gets an exclusive tour through the country’s most modern air terminal.
Walk in 45 minutes before your flight’s departure, check in at any one of the 80 counters without X-raying your baggage, have a hot coffee at Café Coffee Day or a burger at McDonald’s, sail through one of […]
Gayatri to build 7-star hotel in Hyderabad
Tuesday, February 12th, 2008Construction major Gayatri Projects Ltd, based in Hyderabad, Andhra Pradesh, is entering into the hospitality sector by building a first-of-its-kind 7-star hotel in the city of Charminar. The hotel will be constructed under the banner of Gayatri Hi-Tech Hotels Ltd, a subsidiary.
Trial run at Shamshabad airport successful
Tuesday, February 12th, 2008Photo Courtesy: The Hindu
Flying high: The first two flights which touched down at the new Rajiv Gandhi International Airport in Hyderabad on Tuesday.
Ocean Park begins work on film studio, farm houses
Tuesday, February 12th, 2008The Hyderabad-based Ocean Park Group has started work on its three projects – a film studio, an amusement park and farm houses – at Jeerupalem village and they may be completed within a year or so, according to Mr J. Lakshminarayana, the Executive Director.
Owners can set own date
Sunday, February 10th, 2008Property buyers will soon be able to register newly bought houses, flats and land on dates of their choice. The Chief Minister, Dr Y.S. Rajasekhar Reddy, has approved the ‘registration by prior appointment’ concept proposed by the registration and stamps department, on the lines of the system in place for visa seekers. Trail runs are […]
IRR works may be delayed
Sunday, February 10th, 2008Widening works of the 56-kilometre-long Inner Ring Road (IRR) that is crucial in providing connectivity from within the city to the international airport at Shamshabad is unlikely to be completed before the targeted date. Over 250 properties still stand in the way of the IRR widening. Negotiations and legal battles besides land acquisition process may […]
Connectivity to Shamshabad airport unlikely for six months
Sunday, February 10th, 2008The international airport at Shamshabad may be coming up at a brisk pace ready to be unveiled on March 16 but the drive to the same could be bumpy at best and risky at worst.
Andhra to have 8mn new jobs by 2015
Sunday, February 10th, 2008The Confederation of Indian Industry (CII) envisages that Andhra Pradesh will have 7.5-8 million new jobs to offer by 2015, considering the likely improvements in the state’s economic output and labour productivity.
ORR Phase II - Progress Pictures
Friday, February 8th, 2008Photo Courtesy: Golden Gate Properties
More progress pictures @ http://www.ggproperties.com/07/goldencounty/countyletspics.html
Hyderabad Airport: Puja tomorrow, trial flight on Tuesday
Thursday, February 7th, 2008The Samshabad airport will be ready for trial runs on February 12, a full month before its formal inauguration by the UPA chairperson, Mrs Sonia Gandhi. The GMR Group, which executed the Rs 2,478-crore Rajiv Gandhi International Airport project, will perform a puja on Saturday to propitiate the gods ahead of the trial runs and […]
Airport, ORR spur mega projects
Thursday, February 7th, 2008Â
Despite a slowdown in the real estate market and the renewed debate on Telangana, the outskirts of Hyderabad are abuzz with activity. Developers are confidently going ahead with several IT and mega residential projects, pinning hopes on many growth factors, including the new international airport which will commence operations from March 16.
Mukesh Ambani plans big for real estate; goes headhunting
Thursday, February 7th, 2008The Mukesh Ambani-led Reliance group is planning a splash in the real estate business, for which it has initiated a process of recruiting large number of professionals to work on its captive as well as independent business projects.
Real upset for HUDA ‘Empire’
Thursday, February 7th, 2008Discouraged by the poor response to its auction of land christened, The Empire, in December last, the Hyderabad Urban Development Authority (HUDA) has reduced the upset price to Rs 10 crore from Rs 12 crore per acre for a part of the venture that is yet to be auctioned.
State gets I-T shock on sale of property
Thursday, February 7th, 2008Urban development authorities in the state have been asked by the income tax department to pay around Rs 1,200 crore as capital gains tax on land sale proceeds. The income tax department has served notices in this regard on agencies in Hyderabad, Visakhapatnam, Vijayawada, Guntur, Warangal and Tirupati.
Stem cells research centre for Hyderabad
Thursday, February 7th, 2008A Rs 150-crore Stem Cells Research and Therapy Centre will come up in Hyderabad, to harness the big potential offered by stem cells in finding cures to major diseases.
The Vice-President, Mr Mohammed Hamid Ansari, would lay the foundation for the proposed facilities that are to come up on a 5-acre land on the outskirts of […]
Rockwell Collins to open centre in Hyderabad
Thursday, February 7th, 2008Rockwell Collins, leader in the design and support of aviation electronics will set up its design and development centre in Hyderabad hiring the local talent. The centre to be located in Madhapur will start its operations from October this year.
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