Archive for March, 2008
Hungry Hyderabad hogs IT-driven SEZ space
Wednesday, March 12th, 2008By 2010, an estimated 60-70 million sq ft of IT/ITeS specific commercial office space is expected to come up through special economic zones alone in India. And out of the seven cities where such zones are coming up, Hyderabad leads the pack with about 30 per cent (25 million sq ft) of the total expected […]
Job growth in Hyd’bad, Pune faster than Delhi
Wednesday, March 12th, 2008There’s a good reason for people in small towns and villages to not flock to mega cities like Delhi and Mumbai — and it has nothing to do with Thackeray-style son-of-the-soil politics.
In percentage terms, Tier 2 cities like Hyderabad, Pune and Bhubaneswar are creating more white-collar jobs than the old employment hubs of Delhi, Mumbai […]
One airport road ready
Friday, March 7th, 2008The Ranga Reddy district administration has completed acquisition of land to construct a 6.2-km road link the Srisailam state highway to the Shamshabad airport. The so-called P-7 road, however, is unlikely to be ready in time for the March 14 inauguration of the airport, according to district officials. The Hyderabad Urban Development Authority (Huda) is […]
Airport closure talk spurs real estate activity
Friday, March 7th, 2008The shift of air operations from Begumpet airport to Shamshabad next week appears to have come as a boon for people living in funnel zone of the Secunderabad Cantonment Board (SCB) and also parts of GHMC.
It has led to a sudden rise in land prices with real estate businessmen entering the scene hoping to make […]
Flyovers to be opened next month
Friday, March 7th, 2008Photo Courtesy: The Hindu
At last: The crucial phase of the Panjagutta flyover bisection is expected to be completed soon. -
The traffic weary citizens of the twin cities can look to some relief in the summer months with the Punjagutta flyover expected to be ready to take on vehicular traffic by April 15.
Hiranandani setting up multi-services SEZ in Hyd
Friday, March 7th, 2008Mumbai-based Hiranandani Group, a leading real estate developers, has announced the setting up of a 250-acre multi-services special economic zone (SEZ) on the outskirts of Hyderabad in association with city-based Lahari Infrastructure Limited as a 50:50 joint venture.
Real estate prices in Hyderabad cooling off
Wednesday, March 5th, 2008After a dream run of three years, it is time for the real estate prices in Hyderabad to mellow down. Prices, which shot up by up to 300 per cent in most areas, have started cooling off, witnessing very low growth rates or stagnation.
MAK Group plans to invest Rs 600cr in hotel projects
Monday, March 3rd, 2008Forms JV with Malaysian infra company for 350cr township in Hyderabad.
MAK Hotels and Resorts Private Limited, part of the Hyderabad-based real estate developer MAK Group, has chalked out plans to set up three and four-star hotels across the country under its newly-launched ‘Blue Lotus’ brand, at an outlay of Rs 600 crore.