Archive for November, 2008
Rooftop Helipads Mandatory On High-rise Buildings
Saturday, November 22nd, 2008Rooftop helipads on skyscrapers for fire-fighting operations? Sounds strange but it’s true. As more skyscrapers will dot the skyline in the State capital, the Andhra Pradesh Fire and Emergency Services Department has made construction of rooftop helipads mandatory on skyscrapers.
Pegasystems Opens R&D Centre In Hyderabad
Saturday, November 22nd, 2008Pegasystems Inc., provider of business process management (BPM) software, on Tuesday announced opening of a Research & Development (R&D) facility in Hyderabad. “The R&D facility and the state-of-the-art training centre are set up with an inve stment of $5 million,’’ said Mr Suman Reddy Endunuri, Managing Director, Pegasystems India.
Realty Body Asks Members To Cut Apartment Prices By Up To 15%
Saturday, November 22nd, 2008Realty industry body National Real Estate Development Council on Friday asked its members to cut rates on housing projects by up to 15 per cent to revive sales.
Four Indian Realtors Lose $33bn In 8 Months
Saturday, November 22nd, 2008Hit by the turmoil in equity and property markets, India’s four richest realtors have lost nearly $ 33 billion (over Rs 1,50,000 crore) KP Singh DLF’s KP Singh since March this year, with the richest of them, K P Singh of DLF, alone accounting for about two-thirds of it, Forbes magazine said.
ORR: The Roads Of Destiny
Tuesday, November 18th, 2008Photo courtesy: telugulo.com
The phase I of the Outer Ring Road project is completed(NOTE by Blog Admin: Only 4-lanes are open for traffic at this time) and awaiting inauguration. Work on the longer, phase II is being coordinated by the HGCL (Hyderabad Growth Corridor Limited) and is expected to be completed in the next three years. […]
Realty In ‘Freeze’ Mode
Tuesday, November 18th, 2008Despite a recent drop in the prices of steel and cement, the construction sector in Hyderabad is facing a major business crunch thanks to the meltdown again. Work on all malls and residential complexes that were supposed to come up in the city within the next few months has either been slowed down or temporarily […]
Global Economy Crisis: Layoff Tracker In The Technology Sector
Sunday, November 16th, 2008The economic downturn that has resulted in tens of thousands of layoffs in the housing and financial services sectors is now bearing down on the tech industry. The rapid increase in job losses follows an increasingly pessimistic spending forecast. Job cuts in the tech sector have surged as the economic outlook has become bleaker.
To […]
Cost Of Living In India: Common Monthly Expenses
Friday, November 14th, 2008I am trying to put together a list of common monthly expenses for living in India (I am particularly considering Hyderabad here, so these may vary a little for other cities) to give an overall idea to all the NRIs considering R2I(Return 2 India). I am trying to list the expenses for a family of […]
Sanjeeviah Park To Get A ‘Make Over’
Sunday, November 2nd, 2008The Sanjeeviah Park will soon go for a makeover. Spread over 85 acres in the heart of the city and a major lung space, it has ended up as a lovers’ den for young couples. Of the 1,500 people who visit the park each day almost 1,400 are lovebirds.
No Takers For Integrated Bus Complex Project
Saturday, November 1st, 2008There are no takers for the construction of the proposed Integrated Bus Terminus-cum-Business Centre which the Hyderabad Metropolitan Development Authority (HMDA) has proposed at the old Gandhi Hospital site.
Lodha Group Launches ‘By Invitation Only’ Project In Hyderabad
Saturday, November 1st, 2008By Invitation Only. Till now, one heard it for events and occasions that are meant for select few. One could not just walk in and become part of the exclusivity that an organiser looked for.
Market Meltdown Hits Hyderabad Infra Companies
Saturday, November 1st, 2008The market turmoil has hit Hyderabad infrastructure industry like never before. The valuations of companies have touched historic lows and thereby substantially eroding their ability to raise capital.
Nagarjuna Puts RE Projects On Hold
Saturday, November 1st, 2008Nagarjuna Construction Co Ltd has clamped down on future real estate projects due to current slowdown in the sector and has tempered its capital expenditure plan for 2008/09, a top official said.