Archive for July, 2008
« Previous EntriesNext Entries »Radha Realty Corp’s ‘International Architects Design Competition’
Sunday, July 13th, 2008For their upcoming ultra-luxury gated community project, Radha Realty Corp (RRC) has announced an international architects’ design competition. A. Alliance from Singapore, Andrew Maynard Architects from Australia, Dutta & Kannan Architects from Bangalore and Maithel & Associates from Jaipur are participating in the competition.
Italy-based Furniture Brand ‘Incanto’ Enters Hyderabad
Sunday, July 13th, 2008Signature decor: The exclusive range of sofas and other accessories boasts of a fine blend of comfort and design. Photo: Mohd. Yousuf
International brands in furniture and accessories are flooding the city. And holding a true promise to redefine luxury is latest entrant, the Italy-based Incanto group which is opening a store South Bay to showcase […]
GHMC Increases Town Planning Charges And Others Fees
Sunday, July 13th, 2008Various town planning charges and other fees have been hiked by GHMC from July 1, informs V. Geetanath. It’s not just land rates, bigger constructions have just become more expensive in twin cities with the Greater Hyderabad Municipal Corporation (GHMC) increasing various town planning charges and others fees from first of July.
BPS: Legalising The Illegal
Friday, July 11th, 2008A whopping Rs 343 crore and counting. That’s what the Building Penalisation Scheme (BPS) of the Greater Hyderabad Municipal Corporation (GHMC) has netted so far turning out to be a goose laying golden eggs. Predictably, the deadline to pay up has been extended four times even as GHMC is allegedly giving ‘scheme protection’ to even […]
Construction Boom In Shamshabad
Friday, July 11th, 2008Construction of flats is going on in full swing around the Rajiv Gandhi International Airport in Shamshabad. Though the prospect of a renewed agitation for Telangana had caused a slump in the realty market earlier, the recent bypoll results, which weakened the Telangana Rastra Samiti, has raised fresh hopes in builders and triggered frenetic activity.
No Takers For HUDA e-Tenders
Friday, July 11th, 2008The Hyderabad Urban Development Authority’s e-tender process to auction lands has evoked a dull response. It has got only one tender application, that too for 11.33 acres, for its proposed auction of 85 acres.
BPS: Building Owners In City Remain In Confusion
Friday, July 11th, 2008Five days to go for the much debated Building Penalisation Scheme (BPS) to down shutters.
And even while municipal personnel are going round twin cities issuing notices – verbal and written to building owners, there is still some confusion.
‘Golconda Fort’ And ‘Qutub Shahi Tombs’ To Be Recognized As ‘World Heritage Sites’?
Friday, July 11th, 2008In a move that could give a boost to conservation and tourism, a top official of UNESCO is in the city to visit two historic landmarks, Golconda fort and Qutb Shahi tombs and explore the chances of recognising them as World Heritage Sites (WHS).
Medical Help A Phone Call Away On National Highways
Friday, July 11th, 2008Ambulances will be stationed at a distance of every 50 km on national highways (NH) in the state to rush to handle emergencies. The National Highways Authority of India (NHAI) has come up with this new proposal and has included it as criteria for bidders for the road works in the tenders process.
Reliance Retail To Launch Optical Chain Stores Under The Brand “Vision Express”
Thursday, July 10th, 2008Close on heels of the clearance of its proposal to invest in single brand front-end retail in India, the Netherlands-based Pearle Europe, is ready to soon unveil ““Vision Express””, a retail chain of eyewear and other optical products stores, under a joint venture with Reliance Retail – the Mukesh Ambani-led retail arm of Reliance Industries […]
India Emerging Hub For Patent Outsourcing
Thursday, July 10th, 2008India is no where close to countries like US, Japan and China, when it comes to filing patents. But it still does a significant bit in the IP space. A lot of it’s happening through patent service outsourcing in India. This means, a lot of background work for the numerous patents that are being filed […]
Kamla Dials Spins Off Watch Retail Venture
Thursday, July 10th, 2008Chandigarh-based Kamla Dials and Devices (KDDL) on Wednesday said it has hived off of its watch retailing venture into a separate entity, with plans to invest Rs 70 crore over the next three years for setting up additional stores.
Norms Relaxed For Filing BPS Applications
Thursday, July 10th, 2008Now, Building Penalisation Scheme (BPS) applications will be accepted with just 10 per cent penal fee instead of 50 per cent initial amount. Applicants who do not have some mandatory documents can also submit applications provided they furnish them later.
Real Estate Cash Crunch: Desperate For Funds
Thursday, July 10th, 2008Grappling with a major slowdown, the real estate sector is now looking for alternative funding meth ods to beat the cash crunch.
The soaring inflation on one side and the continuous rise of interest rates on the other side has led to a piquant situation. Private equity firms have also raised interest rates significantly because […]
Lakeside Footpath Under Repair Again
Thursday, July 10th, 2008The Buddha Purnima Project Authority is literally wasting Rs 25 lakh to beautify pavements on the lakeside of NTR Marg road. It had spent the same amount on repair and beautification of the same pavements in the last few years.
Apple 3G iPhone Mania Grips The World Again
Thursday, July 10th, 2008The new iPhone is expected to attract hordes of buyers when it goes on sale on Friday in more than 20 countries, helping Apple Inc handily beat its target to sell 10 million of them by the end of 2008.
IT Zones To Be Under Vigilant Eyes Of CCTVs
Thursday, July 10th, 2008The Cyberabad Security Council has decided to install closed circuit televisions (CCTV) at checkposts in Hi-Tec City and Gachibowli where most IT companies are located. The CCTVs will be in place in a week.
Growth Corridor On ORR Opens
Thursday, July 10th, 2008The government has finally opened the gates for “planned and regulated” development along the 162km Outer Ring Road by announcing a comprehensive master plan (CMP) for the corridor.
Punjagutta Flyover Finally Ready For Inauguration
Thursday, July 10th, 2008The showpiece flyover of Greater Hyderabad Municipal Corporation (GHMC) at Punjagutta is ready for inauguration. In all probability, Chief Minister Y.S. Rajasekhara Reddy will be throwing it open for traffic anytime after July 10.
Indian Railways Goes Hitech - Prepares Real-time Rail Traffic Control System
Thursday, July 10th, 2008Painful delays in reaching your destination, waiting for hours on end at the railway stations for trains to arrive with the announcement system blaring old information repeatedly, may soon become a thing of the past.
Wakf Lands Under Encroachment
Thursday, July 10th, 2008Over 80,000 acres of Wakf properties, including land, are under encroachment at various places in Andhra Pradesh. Ironically, even the State government has allegedly encroached some of them and is fighting cases claiming ownership along with several other private individuals in the Andhra Pradesh High Court.
Fab City To Turn Hub For Alternative Energy
Thursday, July 10th, 2008Fab City, conceived to be developed as the largest cluster of semi-conductor manufacturing units in the country, appears to be heading to become the largest hub for alternative energy given the current industry preference to set up more photovoltaic or solar cell units.
Law Of ‘No Smoking’ In Ashtray
Thursday, July 10th, 2008The law banning smoking in public places has literally gone up in smoke in the state. Habitual smokers light up in all the ‘public places’ mentioned in the act, but hardly anyone is hauled in.
SEZ Rentals Turn Too Big For Smaller IT Companies
Saturday, July 5th, 2008Lack of clarity over norms to operate inside an IT special economic zone (SEZ) has put IT-ITeS companies in a dilemma as they plan to migrate all new IT contracts to an SEZ. Both SEZ developers and IT companies cite gray areas on basic issues like deployment of existing manpower, revenues and whether some part […]
Forget Humvees, America Learns To Drive The Minis
Saturday, July 5th, 2008India has always loved its small cars. But now, the mini magic is rubbing off on the most unlikely market — the US. As gasoline prices hit $4 a gallon, gas-guzzling all-American SUVs are getting the big heave-ho as the US joins the rest of the world in rooting for fuel-efficient compact cars.
It Makes Sense To Buy Sooner Than Later
Saturday, July 5th, 2008Vikas Agarwal explains why, going by the current market conditions, it makes sense to buy a house for self occupancy, as soon as possible.
Lahari Resorts - In The Lap Of Luxury
Saturday, July 5th, 2008Cities grow and the outskirts stretch themselves to accommodate the growth. Desolate terrain sports a new look, muddy tracks get replaced with gleaming new roads, infrastructure falls in place, housing comes in and inhabitants replace the stillness with the buzz of life. That’s what has been happening here too.
Real Estate Transactions Reel Under Inflation
Saturday, July 5th, 2008The pace of registration of lands and buildings, which reflects the market sentiment of real estate, has been stagnant in Hyderabad and other major cities in the State.
IT Firms May Face Land Tax
Friday, July 4th, 2008Industries, IT firms and infrastructure project developers could face a additional charges on two fronts.
The government has issued notices to the agencies which alloted land to private industries and companies, to pay 10 per cent of the basic market value as one-time charge for using the land for non-agricultural purposes.
Realty Sector Attracts B-school Grads
Friday, July 4th, 2008Real estate developers like Lodha, DLF, Unitech and Raheja have begun ramping up their presence in B-school campuses in the last two years in a move to have a more professional image.
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