Archive for August 10th, 2008
HUDA Puts Its Foot Down: No Deviations
Sunday, August 10th, 2008A group of companies have applied for permission to construct a star hotel near Tukkuguda Junction abutting the Hyderabad Outer Ring Road (ORR) growth corridor, but the Hyderabad Urban Development Authority (HUDA) rejected their application as the access road width is less than 100 feet (ft). Also, there is a no-approach road.
Japan Offers Help In Setting Up New IIT In Hyderabad
Sunday, August 10th, 2008Keen to enhance ties with India in the education sector, Japan today offered its assistance for setting up the proposed IIT in Hyderabad.
Liberalised Norms For NRI Investors
Sunday, August 10th, 2008Here are some important FAQs for Non-Resident Indians seeking to invest in real estate in India.
The government has liberalised investment norms for NRIs to invest in real estate in India. At the same time there is a need of adhering to ground realities before plunging into investment.We provide some of the frequently answered questions answered […]
MMTS Gains Acceptance Of Commuters City Pulse
Sunday, August 10th, 2008Fed up with traffic jams in twin cities, Hyderabadis prefer the Multi Modal Transit System
After facing initial hiccups due to bureaucratic hassles, Multi Modal Transit System (MMTS) is finally gaining acceptance among passengers more so from those working in IT and ITES sectors.
NHB’s Proposal To Ease Pressure On Housing Finance Sector
Sunday, August 10th, 2008National Housing Bank’s proposal to buy home loans from banks is designed to ease the pressure on interest rates, says Padma Ramakrishnan.
In a move to channelise more resources to the housing finance sector and ease pressure on home loan interest rates,the National Housing Bank [NHB] is working on a proposal to buy housing loans from […]
New Company To Build And Run Metro
Sunday, August 10th, 2008Cabinet approval for elevated metro project for the capital has cleared the way for the formation of a separate concessionaire company. It will have two directors from Hyderabad Metro Rail Limited (HMR) and the rest from the Maytas-led consortium including a new Managing Director.
Luxury Villas Bloom In Suburbs
Sunday, August 10th, 2008Luxury villas are coming up in large numbers in the suburbs of the city. More than 25 such ventures are underway in various locations, from Shankarpalli to Shamshabad and from Medchal to Manikonda.
RoB Delayed At KPHB Spinal Road
Sunday, August 10th, 2008The agony of scores of road users on the spinal road that meanders between Kukatpally and Madhapur is going to be a prolonged affair. A road overbridge (RoB) flying over the railway tracks near the Hi Tec City MMTS, expected to ease the congestion here, is likely to take considerable time before turning into a […]
Hard Times
Sunday, August 10th, 2008Second home-buyers and investors will also look at postponing their purchase decisions and thereby affect the overall demand scenario, he says. This can lead to a possible decline in property prices in the secondary market as the amount of distress sales and bank repossession would increase due to individuals’ inability to pay out their EMI’s. […]
HMDA To Formally Replace HUDA In A Week
Sunday, August 10th, 2008The Hyderabad Metropolitan Development Authority (HMDA) will formally come into being in a fortnight from now, more than four months after the state legislature passed a Bill to replace the 33-year-old Hyderabad Urban Development Authority.
Nizampet Becomes Residential Hub
Sunday, August 10th, 2008The Nizampet-Bachupally stretch has become a major residential hub, catering to both rich and middle class sections. The area is strategically located between the National Highway 9 and inner ring road of Hyderabad. Software professionals, businessmen, and government employees have been buying flats and individuals houses in the Nizampet-Bachupally stretch.
Hyderabad To Get 71KM Metro ‘Free Of Cost’
Sunday, August 10th, 2008Delhi’s 65-km metro cost the state and central governments Rs 10,500 crore. In comparison, Hyderabad is about to get a 71-km metro without the central or state government paying a rupee. Instead, the Andhra Pradesh government will receive Rs 1,240 crore (calculated at present value) by simply giving the concession to a private consortium.
IT SEZs In Hyderabad Face Problem Of Plenty
Sunday, August 10th, 2008Commercial office space in the IT special economic zones (SEZs) in the city will face a problem of plenty with at least two million sq. ft remaining unabsorbed by this year-end.
Buying SIM Cards May Now Need 2 Guarantors
Sunday, August 10th, 2008If the home ministry has its way, a person wanting to buy a SIM card will have to provide the names of two existing mobile phone customers as guarantors — on the lines of opening a bank account — before he gets the connection. This will be in addition to other requirements like identity and […]
Bangalore Highway(NH-7) Becomes Realty Hub
Sunday, August 10th, 2008Hyderabad-Bengaluru National Highway 7 is now witnessing real estate boom with the proposal of Hyderabad Metropolitan Development Authority. HMDA, which is going to oversee planned growth in outskirts will formally come into being in a couple of weeks. It will replace the existing Huda.
Constant Revision Of Market Values Further Hurting Real Estate
Sunday, August 10th, 2008Constant revision of market values will fill the Department of Registrations and Stamps’ coffers, but what about the realty sector? ponders M. Sai Gopal.
Registration Rates Hiked
Sunday, August 10th, 2008Prices of land and apartments have increased by 10 per cent to 30 per cent following the government’s decision to raise registration charges. The new rates came into effect from August 1.
Do’s And Don’ts In Dealings
Sunday, August 10th, 2008The city police prepared a checklist for the prospective buyers of land/plots as a preventive measure, says K. Srinivas Reddy.
Over the last three weeks, we have examined different modus operandi employed by unscrupulous agents to cheat the gullible in sale of plots or apartments.
ORR: Growth Has It’s Curbs Too
Sunday, August 10th, 2008Once the Outer Ring Road starts meandering along the peripheries of the city, unheard of development activity is expected to herald a new dawn in its vicinities. Given the scale of the project and possibilities of the real estate growth on either side of the 162 km-long road, the need for a comprehensive development plan […]
Demand For One-bedroom Dwellings Soaring
Sunday, August 10th, 2008Youngsters in the city are heading for one bed-roomed condominiums of late. Owing to budgetary constraints, they are increasingly seeking one-bedroom accommodation that is a more viable option than staying in a two-bedroom condo or hostel or as a paying guest (PG). As a result, smaller real estate dealers in the city are slowly waking […]
Metro Rail Documents Online Soon
Sunday, August 10th, 2008Tender documents and other documents pertaining to the metro rail bids will be put on the Hyderabad Metro Rail (HMR) website in three days, HMR managing director N V S Reddy said.
Metro Rail To Wipe Out City Landmarks
Sunday, August 10th, 2008Once operational, the Metro Rail will benefit lakhs of people and facilitate easy movement of traffic in the city. But all this will come at a huge cost and this will not be merely financial: thousands of people will get dislocated once the construction of the project takes off.
Govt Policies Hurting Real Estate
Sunday, August 10th, 2008Enveloped in dusk : The booming real estate scenario is facing a sundown phase
Realty sector goes into a tailspin, thanks to the new policies of the government, writes T.Lalith Singh. Keep searching for possible reasons and they are many. Why has real estate activity that was in full bloom, suddenly begin to wilt?
Infosys Begins Work On 450-acre Campus At Pocharam
Sunday, August 10th, 2008IT major Infosys Technologies, which has presence in 40 countries, will spend Rs 1,250 crore over the next ten years for its new facility at Pocharam, near Hyderabad, being constructed in a 450-acre special economic zone. The work on the project, which will have a built up area of 5 million sq ft, began formally […]