GMR Infra Team Bags HyderabadâVijayawada Highway Project
June 16, 2009 | 1,651 viewsThe consortium led by GMR Infrastructure Ltd has won the 181 km HyderabadâVijayawada highway project to be executed on a Build, Operate and Transfer (Toll) basis through international competitive bidding process.
Topics: Infrastructure | 1 Comment »
(4 votes, average: 2.5 out of 5)
Loading ...Tata Signs Deal With Sirkorsky To Manufacture S-92 Cabin
June 16, 2009 | 451 viewsIndian conglomerate Tata took another step towards establishing itself as a major player in the country’s aerospace industry after signing an agreement with Sikorsky to manufacture S-92 helicopter cabins.
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(1 votes, average: 4 out of 5) Loading ...Satyam To Put 7,000-10,000 Staff On “Virtual Pool”
June 16, 2009 | 419 viewsTechnology outsourcer Satyam Computer Services, which has launched a cost-cutting drive to improve its bottomline, said it would put around 7000-10,000 staff on “virtual pool” as part of its strategy to manage excess staff and cut costs.
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(3 votes, average: 3.67 out of 5) Loading ...Air India To Set Up MRO Facilities In Hyderabad
June 16, 2009 | 372 viewsState-run carrier Air India is setting up maintenance, repair and overhaul (MRO) facilities at the Rajiv Gandhi International Airport in Hyderabad at an approximate investment of Rs 80 crore. Arvind Jadhav, chairman and managing director of the airline, laid the foundation stone for the MRO and engineering facilities here on Thursday. The project is expected to be completed in 18 months.
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(3 votes, average: 3 out of 5) Loading ...HMDA Master Plan For ‘New City’
June 16, 2009 | 741 viewsIf Hyderabad Metropolitan Development Authority (HMDA) has its way, even Charminar may be demolished for wider roads. Likewise, heritage structures like Old Jail in Secunderabad, Ek Minar in Nampally and King Koti palace will have to demolished to make way for over 100-feet roads. In the near future, even lanes and bylanes in the twin cities will be 100-120 feet wide. Of course, the road-widening exercise will be at a cost of a few lakhs of structures.
Topics: Construction, Infrastructure | No Comments »
(3 votes, average: 4.33 out of 5) Loading ...ORR Phase-II A To Be Completed By May 2010
June 15, 2009 | 775 views
The HMDA is set to complete the phase IIA of the Outer Ring Road in May next year, six months ahead of schedule, officials said. Work between Shamshabad and Pedda Amberpet is on in full swing. Officials who inspected the works on Saturday said 40 per cent work was complete.
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(3 votes, average: 3.67 out of 5) Loading ...SCB Sits On Road Widening Projects
June 15, 2009 | 468 viewsIt has been two years since experts conducted a study and recommended widening of the two roads up to 80 feet.The existing width varies from 30 to 40 feet.
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(2 votes, average: 4 out of 5) Loading ...ORR Project Faces Cash Crunch
June 15, 2009 | 416 viewsThough the Hyderabad Metropolitan Development Authority (HMDA) claims Outer Ring Road (ORR) Phase II-A will be completed by May, 2010, the ORR project officials are struggling to pay Rs 180 crore towards land compensation to farmers in villages abutting both Phase II-A and Phase II-B areas.
Topics: Govt Failures, Infrastructure | No Comments »
(1 votes, average: 4 out of 5) Loading ...Recession Effects: Interns In Demand
March 15, 2009 | 819 viewsIn todayâs recession-struck market, where companies are struggling to stay afloat, itâs interns who are considered hot property. Both MNCs and smaller firms find it more profitable to rope in eager interns, instead of paying fancy pay cheques to experienced employees.
Topics: Job Matters, Latest Trends | No Comments »
(4 votes, average: 4.25 out of 5) Loading ...HMDA In Need Of Cash For PVNR Expressway
March 15, 2009 | 605 viewsTo complete the PVNR Expressway , the HMDA plans to secure loans from banks as it has no funds. The Hyderabad Metropolitan Development Authority (HMDA) hoped to raise money through land auctions but there has been no response for that.
Topics: Govt Failures, Construction, Infrastructure | No Comments »
(2 votes, average: 4.5 out of 5) Loading ...US Consulate Opens Visa Services At Hyderabad
March 15, 2009 | 1,000 viewsThe American dream came a little closer to the residents of Andhra Pradesh with the US Consulate office in Hyderabad throwing open its visa services for those wishing to travel to the US.
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(4 votes, average: 4.75 out of 5) Loading ...Realty Prices âWill Not Go Up For Atleast Two Yearsâ
March 15, 2009 | 1,479 viewsWith a 6,000-acre land bank in Mumbai and over 27 million sq.ft across 30 ongoing projects, the Lodha Group is clearly one of the largest developers in the country.
Valued at over Rs 32,000 crore, it has 300 million sq.ft under planning, slotted for delivery over the next five years. Beyond Mumbai, it has launched a super-luxury format complex at Hyderabad, where 60 of the 500 apartments costing Rs 2.5 crore to Rs 3.5 crore have been sold. Pune is next on its radar.
Topics: Business News, Real Estate | 1 Comment »
(1 votes, average: 4 out of 5) Loading ...Quintiles & Apollo To Setup Clinical Trial Unit
January 31, 2009 | 766 viewsUS-based Quintiles Transnational Corporation, a pharmaceutical services provider, has entered into a partnership with Apollo Hospitals group to open a Phase I clinical trial unit in Hyderabad. The unit will allow customers additional options to complete integrated Phase I programmes across multiple geographies at this stage in medical research.
Topics: Health | No Comments »
(2 votes, average: 4.5 out of 5) Loading ...Citi, Merrill, Novartis, GSK May Drop Satyam Contracts
January 31, 2009 | 1,062 viewsTroubles keep mounting for Satyam Computer Services. Four of its large clients â Citigroup, Merrill Lynch (ML), Novartis and GlaxoSmithKlein (GSK) â are in talks to move their business from the Hyderabad-based company to other Indian IT firms. These clients contribute over $200 million to Satyamâs topline.
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(1 votes, average: 4 out of 5) Loading ...Hyderabad Realty In A Flux
January 31, 2009 | 901 viewsThe real-estate market in Hyderabad continues to be in a state of flux with the slowdown taking a toll on the sector, even as the Satyam scandal has cast a shadow on real-estate projects as well as land deals. With thousands of acres around the city now put under the scanner, developers have become extra cautious.
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(2 votes, average: 2.5 out of 5) Loading ...Realty Majors Witness Worst Quarterly Drop In Profit
January 31, 2009 | 536 viewsRealty majors DLF, Unitech, Parsvnath and Ansal Properties today reported their worst quarterly drop in profit in at least six years as faltering economic growth crimped demand for homes and offices.
DLF, the nationâs biggest real estate developer, reported a 69 per cent drop in consolidated profit at Rs 670.79 crore, trailing analysts estimates. The company reported a profit of Rs 2,138.87 crore in the comparative period a year earlier. Analysts expected DLF to report a profit of Rs 1,589 crore.
Topics: Real Estate Downfall, Business News | No Comments »
(1 votes, average: 4 out of 5) Loading ...DLF, Unitech Following ‘Satyam’s’ Path? Credit Suisse Report Smells Something
January 31, 2009 | 1,308 viewsDLF, Unitech lack in transparency: Credit Suisse
Credit Suisse, a global investment banking major has said in a report that in terms of transparency and key disclosures, the countryâs top real estate firms including DLF and Unitech are found lacking.
Noting that related-party transactions account for a significant portion of their revenues, its report said that their network of key related parties run into hundreds of entities and include a number of unlisted JVs, subsidiaries, partnership firms and companies under control of key management personnel.
Topics: Real Estate Downfall, The Facts, Business News | 1 Comment »
(6 votes, average: 4.33 out of 5) Loading ...Market Wisdom: Is It The Right Time To Buy?
January 27, 2009 | 641 viewsInstead of waiting for prices to fall and enter the market at the lowest possible level, an end user should try to identify a suitable property and negotiate hard to buy it, says Prabhakar Sinha.
Topics: Tips, Real Estate | No Comments »
(7 votes, average: 2 out of 5) Loading ...Wells Fargo Dumps Maytas Hill County
January 27, 2009 | 1,130 viewsThe world class Maytas Hill County SEZ, a flagship venture of Maytas Properties and the only venture of the company still afloat is now in trouble. US-based Wells Fargo, the first and only firm to have tied up with the SEZ coming up in Bachupally and had even located its office there, pulled down its signboard the day after Rajuâs confession and is now planning to pull out of the venture completely, according to sources.
Topics: Real Estate Downfall, SEZ, Business News | No Comments »
(2 votes, average: 2.5 out of 5) Loading ...Underpass at Aramgarh To Be Made Available For Public Soon
January 27, 2009 | 479 views
A major initiative aimed at providing a smooth ride to the International Airport at Shamshabad has been to ensure that traffic landing from the proposed expressway does not get stuck at Aramgarh junction. Part of the P.V. Expressway project — the underpass — at this junction is almost complete, though the 11.4-km expressway is months away from being a reality.
Topics: Construction, Infrastructure | No Comments »
(2 votes, average: 2.5 out of 5) Loading ...Another Research Body To Come Up In Hyderabad
January 27, 2009 | 505 viewsYet another world-class research institution will come up in Andhra Pradesh in the next three years.
The Institute of Translational Research (ITR), an autonomous body being “facilitated” by city-based Centre for Cellular and Molecular Biology (CCMB), will be set up on a 184 -acre site at Rangapur village in Bibinagar mandal near here.
Topics: Education | No Comments »
(3 votes, average: 2.67 out of 5) Loading ...Maytas Hill County SEZ In Trouble
January 27, 2009 | 949 viewsMaytas Properties, a real estate firm promoted by the family of the disgraced founder of Satyam Computer Services B Ramalinga Raju, may find it tough to complete its prestigious Special Economic Zone project , Maytas Hill County.
Topics: Real Estate Downfall, SEZ, Construction | No Comments »
(4 votes, average: 3.5 out of 5) Loading ...Maytas Properties To Close 4 Divisions
January 27, 2009 | 490 viewsWith cash flows threatening to dry up and debt hard to get, Maytas Propertiesâ ambitions to be among the top five realty companies in India on âfast trackâ are coming crashing.
Topics: Economy, Property Matters, Business News | No Comments »
(2 votes, average: 2.5 out of 5) Loading ...Patancheru: Alarming Ground-water Pollution Levels
January 27, 2009 | 1,757 views
Drug waste creates highest disaster zone in Andhra Pradesh
When researchers analyzed vials of treated wastewater from a plant where about 90 Indian drug factories dump their residues, they were shocked. Powerful antibiotic was being spewed into one stream each day to treat every person in a city of 90,000.
Topics: Environment, Public Concerns, Govt Failures | No Comments »
(7 votes, average: 3.43 out of 5) Loading ...Rooftop Helipads Mandatory On High-rise Buildings
November 22, 2008 | 772 viewsRooftop helipads on skyscrapers for fire-fighting operations? Sounds strange but itâs 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.
Topics: Construction, Infrastructure | No Comments »
(3 votes, average: 3.67 out of 5) Loading ...Pegasystems Opens R&D Centre In Hyderabad
November 22, 2008 | 961 viewsPegasystems Inc., provider of business process management (BPM) software, on Tuesday announced opening of a Research & Development (R&D) facility in Hyderabad. âThe R&D facility and the state-of-the-art training centre are set up with an inve stment of $5 million,ââ said Mr Suman Reddy Endunuri, Managing Director, Pegasystems India.
Topics: Information Technology, Business News | No Comments »
(3 votes, average: 3.33 out of 5) Loading ...Realty Body Asks Members To Cut Apartment Prices By Up To 15%
November 22, 2008 | 670 viewsRealty 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.
Topics: What's UP, Real Estate | No Comments »
(3 votes, average: 3.67 out of 5) Loading ...Four Indian Realtors Lose $33bn In 8 Months
November 22, 2008 | 659 viewsHit 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.
Topics: Economy, Real Estate | No Comments »
(2 votes, average: 3 out of 5) Loading ...ORR: The Roads Of Destiny
November 18, 2008 | 3,049 views
Photo 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. Designed to decongest the city and give a boost to its infrastructure, this Ring Road does Hyderabad proud and takes it a step further towards becoming a major metro, writes Swayambhu Bhattacharya.
Topics: What's UP, Travel, Govt In Action, Infrastructure | No Comments »
(7 votes, average: 3.43 out of 5) Loading ...Realty In âFreezeâ Mode
November 18, 2008 | 781 viewsDespite 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 stalled.
Topics: Economy, Real Estate | No Comments »
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