Hyderabad Economy and Real Estate [Archive]

HydIndian

November 16th, 2009, 07:06 PM

Today, I visited Aparna Towers for the first time and got to see some of the 3 bedroom apartments which are available for rent. I couldn't check out their 5 bedroom Duplex apartments as I didn't have enough time.

Quick facts:
1. Gate community with features like club house, swimming pool and a 1 KM walking track.
2. Located at Kondapur, appro. 2.5 KM from Cyber Towers.

What's good:
1. Though it doesn't have a hell lot of open space, they have a pretty cool walking track which encircles all the towers along the driveway. It's close to 1 KM.
2. View from some of the apartments is good.
3. Parking and drive way is good, at least the ones which I saw.
4. Floor plans are decent.
5. Piped gas
6. It's ready to occupy!

What's not good:
1. When it comes to quality I am a big fan of Aparna. However, I was disappointed a lot to see badly done flooring, especially with big gap left between the spartek tiles. Tiles used in bathroom are not pleasing either. Apart from that wall finish etc is good keeping with tradition.
2. Entrance lobby is far from good, way to your tower is confusing and sometimes hard to find. Problem here is that part of the ground floor instead of being open for park has various utilities being built. Due to this moving from one tower to other is cumbersome.
3. Towers are way to close to each other and look crowded, some of the towers suffer from bad light and less wind flow.
4. Club house, swimming pool etc are average. Well, don't expect to see a pool like one in Jayberi's Silicon County.
5. No property management service available, I was shown these properties by a regular rent agent who has no idea of sales.

Rents are between: 19 K to 35K based on it being furnished and what respective owner has set.
Duplex is available for 40 K per month rent.

Most of project is currently lying vacant with very few people coming forward to buy or rent. It's been more than 6 months since some of the apartments were handed over, but most of them are still lying vacant.
Owners have reduced rents to some extent.

For sale, last quote I got was for Rs 3300/- per SFT. which I consider a lot expensive. I predict that prices will not go above 3300 for sure for at least another 2 years.
New projects getting launched and existing ones near completions will keep property prices stable.

There is another project from Menakshi, called Sky Lounge which they are selling fro 3800 per SFT. It has lot of open space than aparna towers. However, it's still under construction so you can't the quality etc. Besides, there has been a public notice on that land. I hope as it nears completion it's price too will fall just like Aparna Towers.

Another project is also available from Aditya group.

Bottom line is that there are a lot of options to choose from in coming years if you are looking for a house.

carzzz12

November 16th, 2009, 07:57 PM

Hydindian

Thank you for this great review... keep them coming :)

Take Care
Carzz

Today, I visited Aparna Towers for the first time and got to see some of the 3 bedroom apartments which are available for rent. I couldn't check out their 5 bedroom Duplex apartments as I didn't have enough time.

Quick facts:
1. Gate community with features like club house, swimming pool and a 1 KM walking track.
2. Located at Kondapur, appro. 2.5 KM from Cyber Towers.

What's good:
1. Though it doesn't have a hell lot of open space, they have a pretty cool walking track which encircles all the towers along the driveway. It's close to 1 KM.
2. View from some of the apartments is good.
3. Parking and drive way is good, at least the ones which I saw.
4. Floor plans are decent.
5. Piped gas
6. It's ready to occupy!

What's not good:
1. When it comes to quality I am a big fan of Aparna. However, I was disappointed a lot to see badly done flooring, especially with big gap left between the spartek tiles. Tiles used in bathroom are not pleasing either. Apart from that wall finish etc is good keeping with tradition.
2. Entrance lobby is far from good, way to your tower is confusing and sometimes hard to find. Problem here is that part of the ground floor instead of being open for park has various utilities being built. Due to this moving from one tower to other is cumbersome.
3. Towers are way to close to each other and look crowded, some of the towers suffer from bad light and less wind flow.
4. Club house, swimming pool etc are average. Well, don't expect to see a pool like one in Jayberi's Silicon County.
5. No property management service available, I was shown these properties by a regular rent agent who has no idea of sales.

Rents are between: 19 K to 35K based on it being furnished and what respective owner has set.
Duplex is available for 40 K per month rent.

Most of project is currently lying vacant with very few people coming forward to buy or rent. It's been more than 6 months since some of the apartments were handed over, but most of them are still lying vacant.
Owners have reduced rents to some extent.

For sale, last quote I got was for Rs 3300/- per SFT. which I consider a lot expensive. I predict that prices will not go above 3300 for sure for at least another 2 years.
New projects getting launched and existing ones near completions will keep property prices stable.

There is another project from Menakshi, called Sky Lounge which they are selling fro 3800 per SFT. It has lot of open space than aparna towers. However, it's still under construction so you can't the quality etc. Besides, there has been a public notice on that land. I hope as it nears completion it's price too will fall just like Aparna Towers.

Another project is also available from Aditya group.

Bottom line is that there are a lot of options to choose from in coming years if you are looking for a house.

Babji

November 21st, 2009, 03:55 AM

Property rates dip with cement prices
By By Our Correspondent Nov 21 2009

Hyderabad, Nov. 20: Realtors have finally got the upper hand of cement manufacturers. The latter has drastically reduced the price of cement due to the fall in the price of raw material. As a result, property prices have also come down in Hyderabad and other parts of the state.

Due to oversupply and poor demand, cement prices fell by 30-40 per cent, bringing cheers to the realty sector. A 50-kilo cement bag is now available for Rs 140-Rs 150 as against Rs 220 six months ago. Another major component of construction, steel, which cost Rs 32,000 now costs around Rs 27,000.

“Cement manufacturers who used to fleece the public with abnormal pricing have finally reduced the rates for various reasons. This will boost construction activity and help home buyers to get properties at affordable rates,” said Mr S.N. Reddy, president of the Builders’ Association of India-AP chapter.

However, the Cement Manufacturers’ Association of India says the price reduction is a consequence of the lower cost of raw material such as limestone. “Pricing of cement always depends on the raw material cost. So, it is unfair to level allegations of ‘abnormal pricing’ against the cement companies,” said a representative of the CMA.

For home buyers the lower rates are a major relief. Real estate companies have slashed rates by at least 25 per cent. For instance, in Gachibowli, where many software companies are located, premium and luxury flats priced at Rs 75 lakh are now available for between Rs 45-55 lakh in posh localities.

Flats that cost around Rs 40 lakh in and around Hitec City and Madapur are now going for Rs 25-30 lakh. In other areas such as Kukatpalli, Uppal and LB Nagar, realtors are offering 20 to 30 per cent discount on property prices. Some are luring customers with gifts such as cars, diamond necklaces, air-conditioners and laptops.

“With the slash in the cost of cement and other construction material, we decided to pass on the benefit to the customers. That is why we are offering personal gifts to home buyers,” said Mr S. Rami Reddy, managing director of First SMR Holdings Limited.

According to Mr G. Yoganand, the managing director of the Majeera Group, the fall in cement prices will greatly benefit future projects but not completed projects. On the outskirts of Hayatnagar, Sridhar Constructions is offering individual houses for merely Rs 16 lakh. “We had predicted the fall in cement and steel prices one year ago with the slowdown in the economy. That is why we fixed competitive prices for our project being constructed in Hayatnagar,” said Mr M. Sridhar Rao, managing director of the company.

Realty experts say the demand for residential space is picking up in the twin cities.
Source URL:
http://www.deccanchronicle.com/hyderabad/property-rates-dip-cement-prices-159

HydIndian

January 8th, 2010, 05:18 AM

Price Trend:

http://www.exclventures.com/reports/2009-Apartmentrates.gif

Source: ExclVentures (http://www.exclventures.com)

viper9999

January 8th, 2010, 08:37 PM

ranga

January 10th, 2010, 02:46 PM

^^
Agree, not much has changed price wise except for a few apartment complexes' offering some good incentives/discounts in the name of lowering prices. I would say a marginal 5%-!0% correction can be seen. Independent houses/plots and properties in the city remain pretty much unchanged. Just as there are no buyers, there are no sellers for low prices either.
On a different note, people who paid crores of Rs for an acre of land 60-80 km from the city during boom time sure are the biggest losers.

I know some people in the twincities mortgaging their prime properties in the core of the city to raise money to buy land around Hyderabad at exhorbitant prices during the boom in 2007-08 (speculation) with the hope of selling at astronomical prices.Their conditions are miserable.Some even committed suicides.

blogger1102

February 23rd, 2010, 04:48 AM

:ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno:
Hi,
Any of you have copies of the price drop letter. I need that urgently as I have already paid up 90% and if there is an official discount being passed on then I might lose a lot. Anyone has a copy of the letter pls email it to me at
blogger1102@yahoo.fr

They have dropped prices. Customers have been given letters that there is a 30% drop from their purchase price.

blogger1102

February 23rd, 2010, 05:25 AM

Hi,
Is the price drop confirmed? Do you have any proof of the price drop. Let me know pls as I am an investor who has almost paid up in full. Your help would be of utmost importance to salvege back some value from the investment. Mail me at
blogger1102@yahoo.fr

:applause:These guys have done amazing job, after this is ready it will be nothing less than Hiranandani of Mumbai... they too are of same height... Lanco Hills guys have done a remarkable job.. .Keep it up... and I heard that now they are selling it for a decent price of 3K per sqft.. this is just amazing.. :banana::banana::applause:

hyderabad is the best...

:banana2::smug:

lancobuyer

February 24th, 2010, 08:20 AM

HydIndian

February 24th, 2010, 11:41 AM

They are selling it at 2800/- sft for new customers while the existing customers are screwed. I am a buyer and do not know how many people posting here are buyers. If is lucrative to buy lancohills flat at 3k per sft, just go buy it. People who do these postings, do not know the reality. An isolated place where scattered living with no proper amenties is the fate of this entire project. Lanco hills is cheating people left and right. They cannot build anything.. If somebody intrested, I can sell for 3K per sft. Do not comment and speculate good on this project. Lancohills is in major problem and they have only built like 2% of the project space until now in little less than 3 years... Somebody wants to give kudos to Rajgopal, keep it outside this public place. The project is in deep red and stands no where. Aliens space and this project are no different except the price. Existing customers like myself, be very watchful...

Well, to find out I called Lanco Hills yesterday and found that there is no price reduction and they are still holding prices at 4500/- SFT.

Calling them was the only way to find out the truth and if someone wants to find out there are contact numbers given on their website and anybody can call.

As for the 2% project being completed, I don't buy that. Most of the towers of this, by far the biggest, residential project in South India are already reached top floor.

None of the other builder have even come close to it in terms of construction speed. For example, My Home Navadveepa took more than 5 years from the start of booking till possession.

You said above that you are willing to sell your apartment at for 3K per SFT. I am interested in buying it could you please send me your phone number or reply to this message.

stupid007

February 24th, 2010, 12:37 PM

They are quoting 3400 to new buyers. Pl visit their office. On the phone they are still quoting 4500 as they have not yet dropped the price to the public.

Blogger1102......there are people like you who have paid almost everything. I am told lanco has spoken to bankers about the situation since for people like you they have to adjust the loans. call your banker. for those who have paid from own funds.........don't know when lanco will refund.

Well, to find out I called Lanco Hills yesterday and found that there is no price reduction and they are still holding prices at 4500/- SFT.

Calling them was the only way to find out the truth and if someone wants to find out there are contact numbers given on their website and anybody can call.

As for the 2% project being completed, I don't buy that. Most of the towers of this, by far the biggest, residential project in South India are already reached top floor.

None of the other builder have even come close to it in terms of construction speed. For example, My Home Navadveepa took more than 5 years from the start of booking till possession.

You said above that you are willing to sell your apartment at for 3K per SFT. I am interested in buying it could you please send me your phone number or reply to this message.

carzzz12

February 24th, 2010, 04:16 PM

for the benefit of everyone, here you go with the link , where there is an ongoing discussion about the Lanco Hills and their price reduction.

http://www.r2iclubforums.com/forums/showthread.php/2620-Manikonda-Lanco-Hills

You can get an idea about other projects in Hyd as well.. just click on the "Hyderabad RE Projects" on the top to reach list of all the projects and their discussion below by various members...

Hope this is helpful :)

HydIndian

February 25th, 2010, 08:03 AM

HydIndian

February 25th, 2010, 08:09 AM

Unless someone provides the proof or tells that he personally got quotes less than 4500/- Per SFT and don't believe it.

lancobuyer

February 25th, 2010, 09:25 AM

Truth is simple here. I am a buyer and I have been talking to Lanco since 2 years. Wait until March second week to see the updates on the website. Lanco are croocked people. There is a lot of ruckus among the existing buyers and Lanco knows that existing buyers are calling as new customers to check the price. You actually need to go to Lanco office to get the deal. Good luck with your deal. Go by the market. Lanco is no premier builder.

Unless someone provides the proof or tells that he personally got quotes less than 4500/- Per SFT and don't believe it.

lancobuyer

February 25th, 2010, 09:31 AM

If you are serious , go to Lanco office to buy the flat and then guarteened that you would get for less than 3k for SFT.

As far as you not beleiveing the 2% floor space being built, It is not more than 2% of the total project. There is no signature tower, NO SEZ, NO Mall, No service apartments, No Comercial IT except for an undone one tower. You need to understand real good details around the planned vs finished to date and then assess the price level. Highest residential tower in south India is okay but no fun without other amentities and if the place is not a happening one. About My Home Navadweepa , do you know the price at where it started? Do you understand the premimum some one is paying to Lanco for what facilities? Can you tell me the difference between Alien Space and Lanco with changed plan?

Yes, I am willing to sell the apartment at 3K /SFT. Please email me your contact details and I will talk to you.

Well, to find out I called Lanco Hills yesterday and found that there is no price reduction and they are still holding prices at 4500/- SFT.

Calling them was the only way to find out the truth and if someone wants to find out there are contact numbers given on their website and anybody can call.

As for the 2% project being completed, I don't buy that. Most of the towers of this, by far the biggest, residential project in South India are already reached top floor.

None of the other builder have even come close to it in terms of construction speed. For example, My Home Navadveepa took more than 5 years from the start of booking till possession.

You said above that you are willing to sell your apartment at for 3K per SFT. I am interested in buying it could you please send me your phone number or reply to this message.

carzzz12

February 25th, 2010, 05:49 PM

You willing to sell at 3K ? I am sure you would have bought it for less than 3K then..... which I dont believe.. as you will not keep yourself under loss....if you are an old customer of Lanco, they would have sold it to you for something like 4K plus... although I dont know the reality.. maybe you can throw some more light in this direction so that we all understand..

If you are serious , go to Lanco office to buy the flat and then guarteened that you would get for less than 3k for SFT.

As far as you not beleiveing the 2% floor space being built, It is not more than 2% of the total project. There is no signature tower, NO SEZ, NO Mall, No service apartments, No Comercial IT except for an undone one tower. You need to understand real good details around the planned vs finished to date and then assess the price level. Highest residential tower in south India is okay but no fun without other amentities and if the place is not a happening one. About My Home Navadweepa , do you know the price at where it started? Do you understand the premimum some one is paying to Lanco for what facilities? Can you tell me the difference between Alien Space and Lanco with changed plan?

Yes, I am willing to sell the apartment at 3K /SFT. Please email me your contact details and I will talk to you.

lancobuyer

February 26th, 2010, 06:52 AM

Yes , I am willing to sell it at 3K per sft. And the only reason I want to sell it is Lanco is not cancelleing and fact of the matter is, people who have cancelled abouts 2 years ago did not get their money back. I know it is impossible to get the money back. I do not want to be struck without money and without apartment. I am willing to take some loss as I see the project is going south and there will be no many families living there . If you are serious , I am willing to sell at 3k. Email you name and contact details and I will call you in the next few days.

You willing to sell at 3K ? I am sure you would have bought it for less than 3K then..... which I dont believe.. as you will not keep yourself under loss....if you are an old customer of Lanco, they would have sold it to you for something like 4K plus... although I dont know the reality.. maybe you can throw some more light in this direction so that we all understand..

lancobuyer

February 26th, 2010, 06:55 AM

You really need to talk atleast one existing customer or go to Lanco office with no reference to any existing customer. Do you think someone will post thier Sale Agreement here to provide you proof.
You could talk to someone called TV Rao at Lanco and close it if you are serious or you could buy from me. Provide your details.

Unless someone provides the proof or tells that he personally got quotes less than 4500/- Per SFT and don't believe it.

lancobuyer

February 26th, 2010, 11:37 AM

Heard that CEO of Lanco hills has resigned from his post owing to his failure to deliver the project. The management is trying to stop and making him to retain his position atleast as a dummy before they find a replacement so not give wrong signal to its customers.

sixsigma1978

February 26th, 2010, 05:27 PM

You really need to talk atleast one existing customer or go to Lanco office with no reference to any existing customer. Do you think someone will post thier Sale Agreement here to provide you proof.
You could talk to someone called TV Rao at Lanco and close it if you are serious or you could buy from me. Provide your details.

What the hell is this?
This is a development website - not a classified ad services. Please take your personal financial transactions offline!! :bash:

lancobuyer

March 2nd, 2010, 07:18 AM

I do not want anyone to make a knee jerk reaction here. You would need to understand how many people this discussion is helping here. I do not know what do you mean by development website? We are talking development here? No one is doing a financial transaction here and what everyone discussing is the price status at Lanco. BTW,Are you a customer? Why did you react so much in panic.

What the hell is this?
This is a development website - not a classified ad services. Please take your personal financial transactions offline!! :bash:

lancobuyer

March 2nd, 2010, 12:20 PM

Lanco is going to be like another Maytas and even worst soon.... They have spent a handful of customer's money in bringing up undone buildings and that is it , they do not have the intensions to take it further..... Best way to loose money is to buy a flat in Lanco... You will soon see existing customers on roads displaying the plycards...

HydIndian

March 3rd, 2010, 03:18 PM

My Home Jewel Price

RS 2700/- per SFT
4.2 L Car park + corpus fund etc.

stupid007

March 4th, 2010, 05:17 AM

Hi,

I may have a buyer for you. Is 3K the base price or the total price incl elec, water, floor rise etc.

Which tower is this flat in?

Yes , I am willing to sell it at 3K per sft. And the only reason I want to sell it is Lanco is not cancelleing and fact of the matter is, people who have cancelled abouts 2 years ago did not get their money back. I know it is impossible to get the money back. I do not want to be struck without money and without apartment. I am willing to take some loss as I see the project is going south and there will be no many families living there . If you are serious , I am willing to sell at 3k. Email you name and contact details and I will call you in the next few days.

lancobuyer

March 4th, 2010, 06:39 AM

please email your contact details to lancobuyer@gmail.com and I will call you. I dont want to sell via this website...

Hi,

I may have a buyer for you. Is 3K the base price or the total price incl elec, water, floor rise etc.

Which tower is this flat in?

lancobuyer

March 11th, 2010, 07:58 AM

follow internet and you will realize the price is slashed for new customers and now it is 3200/- per sft without negotiation.. Dont buy... it is pathtic quality........

boose

March 16th, 2010, 04:43 PM

Unless someone provides the proof or tells that he personally got quotes less than 4500/- Per SFT and don't believe it.

Brother HydIndian (Fan of Lanco Hills) go n take a look at deccan chronicle 16 March n look in page 3 ull find some prooooooooooooooofff:lol::lol::lol::lol::lol::lol: well its a show called (Lanco's Believe it or not):banana::banana::banana::banana:

su_hyd

March 17th, 2010, 12:25 AM

Just to make it easy....here is the Lanco Hills ad for Rs. 3000 SFT.
http://www.dc-epaper.com/DC/DCH/2010/03/16/index.shtml

ranga

March 17th, 2010, 03:06 PM

Just to make it easy....here is the Lanco Hills ad for Rs. 3000 SFT.
http://www.dc-epaper.com/DC/DCH/2010/03/16/index.shtml

Hope this will hasten the project.why can't they make it Rs2500/- per sqft or even better Rs2000/- per sqft.that can make them exit from the project after due completion of whatever they have started.

boose

March 18th, 2010, 08:59 AM

Hope this will hasten the project.why can't they make it Rs2500/- per sqft or even better Rs2000/- per sqft.that can make them exit from the project after due completion of whatever they have started.

Ranga it wud happen they will go to that price of Rs2500 or Rs2000 or less. They will sustain as long as they can n then they all will dissapear from the site leaving the building's uncompleted, if they r reducing the prices like that that means lanco is in deep deep trouble. It looks like they dont have money to complete the project. That area wud look like ghost town sometime later.

ranga

March 18th, 2010, 02:01 PM

Ranga it wud happen they will go to that price of Rs2500 or Rs2000 or less. They will sustain as long as they can n then they all will dissapear from the site leaving the building's uncompleted, if they r reducing the prices like that that means lanco is in deep deep trouble. It looks like they dont have money to complete the project. That area wud look like ghost town sometime later.

Lanco is one of the cash rich infrastructure company in the country and there is no dearth of funds to complete the project.Lanco is a diversified group of companies and their first realestate venture is wobbling due to circumstances beyond their control.As the boom period appears in the horizon they shud exit from this project as early as possible and start their dream realestate project elsewhere but not in Hyderabad.

lancobuyer

March 18th, 2010, 03:09 PM

They are already selling at 2600/- per sft on selected flats....
This is a F**ked up project...

Ranga it wud happen they will go to that price of Rs2500 or Rs2000 or less. They will sustain as long as they can n then they all will dissapear from the site leaving the building's uncompleted, if they r reducing the prices like that that means lanco is in deep deep trouble. It looks like they dont have money to complete the project. That area wud look like ghost town sometime later.

IchimaruGin1

March 18th, 2010, 03:22 PM

lanco buyer you are really shooting yourself in the foot if you are publicly devaluing your own asset.

stupid007

March 19th, 2010, 11:38 AM

Why
This is a F**ked up project...

lancobuyer

March 31st, 2010, 06:53 AM

Lanco is in deep financial shit. They will make some money with the 6 towers that may come up in two years time from now to make it live there. They will run away once the 6 towers are made. That is why no one at Lanco will talk about the other towers progress. Existing customers are in serious problem and new customers are joining the problem with a little lesser stake....

I have a authentic Lanco source to get the information and all the other development activities are killed.(Mall, SEZ, Hotels etc).
Lanco will not develop all the other towers but just 6 towers only.
Shopping Street will not come up. There will be small grocery stores in each of this 6 towers and laundary/security in each of this 6 towers.
Lanco has comprimised on Quality to compensate the price reduction. They are not comprimising on profit at any cost because thier intentions are to go away from reality business.
They will not entertain cancellations at any cost.

Lanco will register a society and let the society take care of maintenence since the maintenence cost is three fold as they see. They may even declare that the first year maintenance they charged to existing customers may be returned back. They are thinking on this.

Overall, the Lancoo person(Close to board member) asked me to persuade Lanco to cancel my apartment but sign any cancellation letter. Also do not quote personal reason for cancellation.

Why

lancobuyer

March 31st, 2010, 06:59 AM

I am just alarming people on the reality. I do not want some body else get into the same mess... Again it is individual's privilage to take a wise decision.

lanco buyer you are really shooting yourself in the foot if you are publicly devaluing your own asset.

stupid007

March 31st, 2010, 10:56 AM

Lanco Buyer,
my info is also authentic and from an insider who is a close personal friend.

1. lanco is not in deep financial shit. they are highly profitable and cash rich.
2. the six towers will come up by the end of the year. please visit the site and see the progress by visiting all 6 towers. pl take efforts to go to some top floors ( i went to 25th in tower 2,3,4) and walk down a few floors and see the progress in each tower.
3. the money invested by lanco is far more than what has been collected from the customers. they cannot afford to leave the other 6 towers to the wind. that would be a colossal loss. if someone is ready to pay the full amount today, they might even give a further discount on those towers. they have informed existing buyers that those towers will be taken up after handing over the first six. however before handing over the first 6 they will raise the others to the top floor .
4. existing customers are very happy since they have got a 30% drop in price plus continue to get the extras like AC, Kitchen, Appliances which the new customers are not getting.
5. they have not compromised on quality. the floorings are the same that they showed the buyers. all other fittings etc are the same as they promised.
6. The mall work is on and will come up in 2 years.
7. The SEZ is stopped for now. but if you visit the site you will notice that the SEZ area has come up above the ground. Lanco may sell the SEZ to someone or delay it for a few years.

8. The shopping street is under progress and will be done in another 3 months. Already some of the shops are leasd out. The demand for shopping space from the existing buyers itself is more than available. but lanco wants to give the space only to known brands.

7. they are not putting 6 shops under each tower. they are putting up a total of 12 shops like car wash, laundry, under all towers put together. Since all the towers are connected underground thru the podium any tower resident can access them.
8. Reg maintenance - the original plan was to anyway form the society and handover maintenance to them after first year.

Finally, many times people have asked you on this board to give the tower no and flat no ( 1,2,3,4,) that you intend to sell. lanco has a wait list for towers 2,3, duplex east facing units. you don't have to sell at a loss. they have customers for you even TODAY.

Lanco is in deep financial shit. They will make some money with the 6 towers that may come up in two years time from now to make it live there. They will run away once the 6 towers are made. That is why no one at Lanco will talk about the other towers progress. Existing customers are in serious problem and new customers are joining the problem with a little lesser stake....

I have a authentic Lanco source to get the information and all the other development activities are killed.(Mall, SEZ, Hotels etc).
Lanco will not develop all the other towers but just 6 towers only.
Shopping Street will not come up. There will be small grocery stores in each of this 6 towers and laundary/security in each of this 6 towers.
Lanco has comprimised on Quality to compensate the price reduction. They are not comprimising on profit at any cost because thier intentions are to go away from reality business.
They will not entertain cancellations at any cost.

Lanco will register a society and let the society take care of maintenence since the maintenence cost is three fold as they see. They may even declare that the first year maintenance they charged to existing customers may be returned back. They are thinking on this.

Overall, the Lancoo person(Close to board member) asked me to persuade Lanco to cancel my apartment but sign any cancellation letter. Also do not quote personal reason for cancellation.

Vara123

March 31st, 2010, 04:27 PM

HydIndian

April 6th, 2010, 10:47 AM

Brother HydIndian (Fan of Lanco Hills) go n take a look at deccan chronicle 16 March n look in page 3 ull find some prooooooooooooooofff:lol::lol::lol::lol::lol::lol: well its a show called (Lanco's Believe it or not):banana::banana::banana::banana:

Yuppee! :banana: It's just what I wanted! I saw it myself on the times of india too. This proves Lanco is a bunch of cheaters and opportunists. This is one of those infra companies which jumped onto realty band wagon with having no experience of realty.

When Bharat Iconia reduced the price they did it for old buyers as well, I am not sure if Lanco is going to do that.

Although, I admire them for the speedy construction which is now looks slowed down for some reason.

lancobuyer

April 6th, 2010, 11:28 AM

I have posted to sell my apartment multiple times. The postings have moved to different thread on pricing. I want serious buyers to email thier contact numbers if they intend to buy. I have a 1936 SFT east facing and will sell at 3200/- per sft. If you are serious , you could also email your phone number to me and I will contact you.

At least for time being this project is not going to look the way they have advertised in the beginning. Still it is one of the best projects that I have seen in Hyderabad for the Price they have quoted recently.

You are giving lot of information on Lanco.But why are you hesitating to tell us at what rate you want to sell your apartment? It would be useful to the new buyers, If you can post the price here.

lancobuyer

April 6th, 2010, 11:45 AM

Stupid007,

You need to understand that the 6 towers have to come some day... I never denied that and no body could do that.. right... What progress are you taking? You need to understand that the project was due last year.. Why would some who is financially so rich, why is Lanco struggling to build the 6 towers out of 17 originally planned. No one will build it without customers and the reality is there are no customers. If you think, there is huge demand, why is Lanco not selling other than six towers. Why are they not paying back the money who have cancelled 2 years back? What makes you think they have invested more than what they got? So why are the other towers not coming up? Do you know the size of the project was to the tune of 7200 crores and it just a few hundred crores now? Why is Lanco not talking about the hotels and malls? Did you see the progress to time plan on the same? Do you know when the delivery of the entire project was due?
Do you know the cost of 6 towers owners bearing the cost of maintenance compared to 17 towers originally planned. Do you know the cost maintaining the not happening Mall and SEZ. Some body can dig a whole to make up an SEZ and Signature tower. That is not progress at all. I believe your knowledge on real estate is not really up to the mark. I have been part of a customers group we represented to submit our pain points to Madhusudan Rao(Chairman) and Pochendar (CEO). No existing customer is happy, how could you justify the interest paid for 3 years on lakhs of rupees to 2 AC's and few other other machines that would not cost more than a couple of lakhs while the interest paid is near to 15 lakhs for 1 crore apartment?

The CEO himself shared with the group of customers that they cannot build the Mall until they get a buyer and they have no buyer even now.. You seem to be a Lanco sales rep sitting here to attract new customers....

Lanco Buyer,
my info is also authentic and from an insider who is a close personal friend.

1. lanco is not in deep financial shit. they are highly profitable and cash rich.
2. the six towers will come up by the end of the year. please visit the site and see the progress by visiting all 6 towers. pl take efforts to go to some top floors ( i went to 25th in tower 2,3,4) and walk down a few floors and see the progress in each tower.
3. the money invested by lanco is far more than what has been collected from the customers. they cannot afford to leave the other 6 towers to the wind. that would be a colossal loss. if someone is ready to pay the full amount today, they might even give a further discount on those towers. they have informed existing buyers that those towers will be taken up after handing over the first six. however before handing over the first 6 they will raise the others to the top floor .
4. existing customers are very happy since they have got a 30% drop in price plus continue to get the extras like AC, Kitchen, Appliances which the new customers are not getting.
5. they have not compromised on quality. the floorings are the same that they showed the buyers. all other fittings etc are the same as they promised.
6. The mall work is on and will come up in 2 years.
7. The SEZ is stopped for now. but if you visit the site you will notice that the SEZ area has come up above the ground. Lanco may sell the SEZ to someone or delay it for a few years.

8. The shopping street is under progress and will be done in another 3 months. Already some of the shops are leasd out. The demand for shopping space from the existing buyers itself is more than available. but lanco wants to give the space only to known brands.

7. they are not putting 6 shops under each tower. they are putting up a total of 12 shops like car wash, laundry, under all towers put together. Since all the towers are connected underground thru the podium any tower resident can access them.
8. Reg maintenance - the original plan was to anyway form the society and handover maintenance to them after first year.

Finally, many times people have asked you on this board to give the tower no and flat no ( 1,2,3,4,) that you intend to sell. lanco has a wait list for towers 2,3, duplex east facing units. you don't have to sell at a loss. they have customers for you even TODAY.

lancobuyer

April 6th, 2010, 02:14 PM

I am sharing my experience and the facts I believe that I get to hear. I have no intrest in talking about Lanco but at the same time, I am trying to help people think before they invest. I would advice all new buyers talk to existing customers and learn thier experience with Lanco. If you are happy, please go invest. The intention here is not to contradict each other but rather throw facts that will help people make a thoughful decision. You should understand that I have booked the flat in Lanco on the first day of sale. At that time, I felt happy about it and that is the last time, I felt happy about it. Now I feel shame to share with my close friends and relatives to tell that I booked a flat in Lanco......
Your decision is your privilage....

Stupid007,

You need to understand that the 6 towers have to come some day... I never denied that and no body could do that.. right... What progress are you taking? You need to understand that the project was due last year.. Why would some who is financially so rich, why is Lanco struggling to build the 6 towers out of 17 originally planned. No one will build it without customers and the reality is there are no customers. If you think, there is huge demand, why is Lanco not selling other than six towers. Why are they not paying back the money who have cancelled 2 years back? What makes you think they have invested more than what they got? So why are the other towers not coming up? Do you know the size of the project was to the tune of 7200 crores and it just a few hundred crores now? Why is Lanco not talking about the hotels and malls? Did you see the progress to time plan on the same? Do you know when the delivery of the entire project was due?
Do you know the cost of 6 towers owners bearing the cost of maintenance compared to 17 towers originally planned. Do you know the cost maintaining the not happening Mall and SEZ. Some body can dig a whole to make up an SEZ and Signature tower. That is not progress at all. I believe your knowledge on real estate is not really up to the mark. I have been part of a customers group we represented to submit our pain points to Madhusudan Rao(Chairman) and Pochendar (CEO). No existing customer is happy, how could you justify the interest paid for 3 years on lakhs of rupees to 2 AC's and few other other machines that would not cost more than a couple of lakhs while the interest paid is near to 15 lakhs for 1 crore apartment?

The CEO himself shared with the group of customers that they cannot build the Mall until they get a buyer and they have no buyer even now.. You seem to be a Lanco sales rep sitting here to attract new customers....

stupid007

April 7th, 2010, 08:24 AM

QUOTE=lancobuyer;54644271]Stupid007,

...What progress are you taking? You need to understand that the project was due last year.

To my knowledge the project was due in Jan 2010. I agree there is a delay upto Aug 2010 or maybe Jan 2011. By progress I am referring to the work on the six towers.

Why would some who is financially so rich, why is Lanco struggling to build the 6 towers out of 17 originally planned. No one will build it without customers and the reality is there are no customers. If you think, there is huge demand, why is Lanco not selling other than six towers.

Nowhere have i said they have huge demand. Obviously they have customers for only 6 towers and that too for certain type of flats.

What makes you think they have invested more than what they got? So why are the other towers not coming up?

They have sold only about 40% of the units, but about 12 towers have come up. None has paid 100%. Therefore the company must have put more money into the project than what they got from the limited buyers. This is corroborated by the lender's consortium.

Do you know the cost of 6 towers owners bearing the cost of maintenance compared to 17 towers originally planned.

In other projects that i am aware of in Gurgaon (by DLF) and Hiranandani in Mumbai, the maintenance was collected only for the proportion of towers actually completed even though stuff like landscaping, streets , lighting was done for the entire project. Not sure if Lanco is doing anything different. Atleast the first yr mainntenance is fixed by the agreement.

Do you know the cost maintaining the not happening Mall and SEZ.

They are not part of the residential project.

Some body can dig a whole to make up an SEZ and Signature tower. That is not progress at all.

I never said it was. I have been referring only to the residential towers and not the whole lanco.

I believe your knowledge on real estate is not really up to the mark.

I am on this forum to learn from the wise.

how could you justify the interest paid for 3 years on lakhs of rupees to 2 AC's and few other other machines that would not cost more than a couple of lakhs while the interest paid is near to 15 lakhs for 1 crore apartment?

If they had delivered the apts in Jan 2010 would you still ask this question about interest? Obviously no. You have to calculate the cost of not getting possession in Jan 2010 until you actually get it. That could be for e.g., the rent you are paying today somewhere else.
The argument that you could have come today, paid the total amount and saved on interest on your loan is valid. But that is the case with any apartment and not just lanco. But you may not get an apt of your choice. This why Lanco is not getting buyers today. There are no flats (types 4,3,1,) available in towers 2,3,5. They have a waiting list.

The CEO himself shared with the group of customers that they cannot build the Mall until they get a buyer and they have no buyer even now..

But that is a fact isn't it. What is the point of an empty mall. Yet lanco is going ahead with the mall although at a very slow pace.

You seem to be a Lanco sales rep sitting here to attract new customers....

No.

ranga

April 9th, 2010, 08:09 AM

rizwan3

August 8th, 2010, 04:54 PM

Hyderabad realty shrugging off slowdown

The real-estate sector in Hyderabad and surroundings areas is gradually shrugging off the slowdown blues and developers are banking on users to spur the next phase of growth, as against speculative buying a couple of years ago.

The Andhra Pradesh Government has also brought about changes in the stamps and registration fee structure, which will have a bearing on the overall cost of the properties.

The market shows different trends when it comes to commercial property, luxury apartments and villas and affordable business segment. Interaction with some industry players shows that there are signs of prices firming up a little in the last two months.

Interest reviving

The Chief Executive Officer of Lanco Hills, Mr S.Pochender, said relative peace and tranquillity in the State in the last six months and buoyancy in the IT sector, have generally revived interest in the property market in Hyderabad. In fact, it has taken a while for buoyancy to come back, after a prolonged slump.

The Managing Director of Koncept Ambience, Mr M.P. Agrawall, said that an early decision on the Telangana statehood issue either way would help in accelerating the growth of the real-estate business in the State. While most of the markets have revived and are doing very well in the last six months, Hyderabad is still trying to shrug off the slowdown.

“Most investors continue to be on wait and watch. But those who need houses, that is actual users of properties, are going ahead with their plans to buy. Speculators are out,” Mr Agrawall said.

The Managing Director of PEBL Realty, Mr Anand Reddy, said different parts of the city reflect distinct patterns. The new and emerging area along the corridor towards the airport, land adjacent the Outer Ring Road and land along the proposed Hyderabad metro rail project, will see greater buying interest.

“Two towers, which effectively have six tall structures, which we had taken up two years ago, have had 50 per cent bookings. We expect to add another 25 per cent by Diwali and commence work on another two towers with built-up area of about 6 lakh sq.ft,” Mr. Reddy said.:cheers:

Mr Pochender said, “in Lanco hills project, about 75 per cent of the property is already booked :nuts:. Now we are not in a hurry to close the other 25 per cent as we will have opportunity to make rates stiffer. The commercial property, which is now part of the SEZ, with a built-up area of about 4 lakh sq.ft is ready. Several bulk users have approached us and we expect to close deals soon. The next phase will commence shortly.”

According to the developers, prospective buyers hope that the prices could come down a little more. On the contrary, said the developers, costs are again going up, which is reflected in gradual hiking of rates by Rs 50 to Rs 100 per sq.ft in the past two months.

MARKET VALUE UP

The Department for Stamps and Registrations, Andhra Pradesh, has brought about two major changes in the stamps structure, registration charges and land value, effective from August 1, 2010.

The market value of properties in the State capital and other parts has been hiked, ranging from 3 to 25 per cent, depending upon the location and valuation. This move comes in the backdrop of the State bringing down stamp duty on registration from 7 per cent to 5 per cent.

The lowering of the stamp duty comes in the wake of the Central Government directive to rationalise the structure. This is necessary to do so for the State to have access to funds available under JNNURM, for various initiatives in urban areas.

The revision of land value is taken up periodically. It was not taken up the last two years due to economic slowdown and its impact on the real-estate sector, which had witnessed several quarters of subdued sentiment after

india

August 8th, 2010, 07:14 PM

A friend of mine has plans to buy property in either of the following areas in Hyderabad - Kompally/Pocharam/Shamshabad/ECIL.

Budget - 25-40 lacs.
Type - 2/3 BHK Apartments/Independent Houses.
Construction - Recent (no more than three years)

What area and builder should he consider buying his property in and from respectively? Thanks in advance.

sairamprasad999

August 10th, 2010, 11:23 AM

any one can view/request quarterly real esatae reports from the following links,
www.cbre.co.in/india/eng/marketreports
www.cushwake.com
www.dtz.com

gentem

August 27th, 2010, 06:41 AM

Realty check! FDI grows 80 times in 5 years
Kartikeya, TNN, Aug 22, 2010, 02.44am IST

Read more: Realty check! FDI grows 80 times in 5 years - India Business - Business - The Times of India http://timesofindia.indiatimes.com/business/india-business/Realty-check-FDI-grows-80-times-in-5-years/articleshow/6389923.cms#ixzz0xmIqPLE9

MUMBAI: It's not Indians alone who are monitoring the real estate market here. More and more money is being pumped into India's housing sector from abroad. And this, despite the recent downturn. Foreign direct investment (FDI) in India's booming real estate and housing market jumped 80 times between 2005 and 2010.

Figures obtained by TOI show that in 2005, FDI in real estate was a mere Rs 171 crore. That soared to Rs 13,586 crore in 2009-10. In April and May this year, Rs 737 crore in FDI was pumped into the sector.

It is no surprise that the largest number of building projects where FDI is in play are in the country's commercial capital, Mumbai. Of the total 1,614 projects in which foreign investors have put in money since 2005, 422 were cleared by the Reserve Bank of India's Mumbai office, followed closely by 316 in Delhi. Other big cities like Bangalore (225 projects), Hyderabad (105 projects) and Chennai (68 projects) also enjoyed considerable attention of foreign real estate developers.

Interestingly, given the booming property market across the country, FDIs are not confined to metros and big cities alone. Thus since 2005, various real estate projects have been given a green signal by RBI's offices in Bhopal, Kanpur, Kochi, Jaipur and Panaji, amongst other places. The largest FDI in the last five years remains in the construction of a technology park at Bandra Kurla Complex in Mumbai. In this case, $372 million has been brought in through a foreign collaborator based in Mauritius.

Although the FDI has come from as many 34 countries and destinations as diverse as the Netherlands, USA, Saudi Arabia and even Sudan, data available with TOI shows that in last five years the largest number of foreign collaborators working with Indian real estate firms were based in Mauritius.

Technically speaking, the Foreign Exchange Management Act or FEMA, prohibits foreign investment in real estate and construction of farm houses. However, the definition of "real estate business does not include development of townships, construction of residential or commercial premises, roads or bridges, educational institutions, recreational facilities, city and regional level infrastructure".
Hyderabad much ahead of Chennai ^^ ... City overtake Chennai by 2020 http://www.citymayors.com/statistics/richest-cities-2020.html

abhigtr

August 28th, 2010, 06:46 AM

ranga

August 29th, 2010, 06:59 PM

ranga

August 29th, 2010, 07:09 PM

[ead more: Realty check! FDI grows 80 times in 5 years - India Business - Business - The Times of India http://timesofindia.indiatimes.com/business/india-business/Realty-check-FDI-grows-80-times-in-5-years/articleshow/6389923.cms#ixzz0xmIqPLE9

Hyderabad much ahead of Chennai ^^ ... City overtake Chennai by 2020 http://www.citymayors.com/statistics/richest-cities-2020.html[/QUOTE]

One thing is for sure.If economies of U.S.A and Europe does not show improvement and take steps adverse to outsourcing inorder to bolster employment in their countries the outsourcing dependent indian cities of Bangaluru,Hyderabad pune whose economies predominantly depend on software services will not overtake but plunge (Undertake :lol:) below most of the cities of India.

stupid007

August 30th, 2010, 08:16 AM

Then who will buy the cars produced in Chennappa Naidu city!!

[ead more: Realty check! FDI grows 80 times in 5 years - India Business - Business - The Times of India http://timesofindia.indiatimes.com/business/india-business/Realty-check-FDI-grows-80-times-in-5-years/articleshow/6389923.cms#ixzz0xmIqPLE9

Hyderabad much ahead of Chennai ^^ ... City overtake Chennai by 2020 http://www.citymayors.com/statistics/richest-cities-2020.html

One thing is for sure.If economies of U.S.A and Europe does not show improvement and take steps adverse to outsourcing inorder to bolster employment in their countries the outsourcing dependent indian cities of Bangaluru,Hyderabad pune whose economies predominantly depend on software services will not overtake but plunge (Undertake :lol:) below most of the cities of India.[/QUOTE]

ranga

August 30th, 2010, 12:35 PM

Then who will buy the cars produced in Chennappa Naidu city!!

One thing is for sure.If economies of U.S.A and Europe does not show improvement and take steps adverse to outsourcing inorder to bolster employment in their countries the outsourcing dependent indian cities of Bangaluru,Hyderabad pune whose economies predominantly depend on software services will not overtake but plunge (Undertake :lol:) below most of the cities of India.[/QUOTE]

There are people like Gali Janardhan Reddy and Y.S Jaganmohan reddy and their followers who will buy cars produced in India and even import one.Chennapattnam will be exporting cars to the improving economies of countries in Europe and U.S.A on account of reducing outsourcing of services to india there by improving employment prospects in their countries.

stupid007

August 31st, 2010, 07:29 AM

Oh! stupid that I am. I always thought that if they do the work there it is much more expensive. And if their economy booms with employment wouldn't their Ford and Honda and Toyota factories boom too.

There are people like Gali Janardhan Reddy and Y.S Jaganmohan reddy and their followers who will buy cars produced in India and even import one.Chennapattnam will be exporting cars to the improving economies of countries in Europe and U.S.A on account of reducing outsourcing of services to india there by improving employment prospects in their countries.[/QUOTE]

rizwan3

September 20th, 2010, 04:47 PM

Delhi, Mumbai, Chennai top employment generators

Thursday, 16 September 2010, 11:08 IST

Chennai: Delhi, Mumbai and Chennai ranked as the top employment generators in the country by creating over one lakh jobs during January-September 2010, a Ma Foi Randstad survey said.

While these three cities are leading job generators, Kolkata, Bangalore and Hyderabad follow closely behind by creating 30,000 plus jobs during the same period, the Ma Foi Randstad Employment Trends Survey said.

While the health sector created over 1.21 lakh jobs, the hospitality sector created close to 63,000 jobs, it said.

Some of the leading sectors included Real Estate and construction industry, Information Technology, Education, Training and consulting, it said.

In the third quarter,those working in Bangalore are expected to get a 4.9 per cent increase in salaries, Delhi 3.5 per cent and the same in Pune, it said.

Kolkata has the highest estimated percentage of experienced workforce of 82 per cent while Delhi has 35 per cent of freshers, it said.

"We see positive trends across many economies across the globe, such as USA, Germany, France, Asia Pacific and parts of Europe which are clearly growing. I expect India to continue its economic growth and employment generation fuelled by its domestic consumption and stabilizing global economy." Randstad Holding CEO and Chairman Ben Noteboom said.

Real estate and construction sector reported the highest growth in number of people employed and expects an average salary growth of four per cent, followed by pharma (3.5 per cent) and Healthcare (3.4 per cent) in the third quarter.

"We see a clear trend of increased optimism in hiring spread across all sectors. We see the service sectors like Healthcare and Hospitality spearheading the boom by adding significant number of jobs." Ma Foi Randstad MD and CEO K Pandia Rajan said.

The survey was conducted among 650 companies across 13 industry segments that included eight Indian cities, it added.
:)

baigarman36

November 2nd, 2010, 06:52 AM

In a free market economy, demand and supply create a check on unrealistic prices – at least that is what theory says. So when demand is less, then prices should fall. This is not happening in Hyderabad, though the real estate market has been down for over a year. The correction in pricing has been minimal compared to the unrealistic growth in prices earlier (for several years). Plus, it has not factored in and reduced prices because of the new reality - the reduced number of buyers today and the buying power of the current buyers.

Pakistan Real Estate (http://www.pakistanhousing.pk) | Fashion Website (http://www.femo.pk)

alinasmith001

November 10th, 2010, 06:38 AM

Hyderabad have invested heavily in digital infrastructure and is well known throughout India for its technology sector. The emphasis on education, including education of women, which is the source of productivity and the economy to thrive, the challenge to the traditional caste system. With the increasing number of IT companies in Hyderabad, the city has also experienced a similar increase in property prices. Real estate prices generally fluctuate due to three factors: the supply-demand report, the location of the property and opinion of the buyer. Real estate industry in Hyderabad has had positive results on the three points.

stormmaker

December 2nd, 2010, 08:12 PM

SOME real estate companies have shown interest in investing money and completing projects being developed by Maytas Properties,the Hyderabad-based realty firm formerly owned by the Ramalinga Raju family of Satyam Computer Services.

We are in talks with several players including the local ones.The strategic partner will help complete the project and the modalities will be worked out accordingly.The final decision is likely to come this week, Ved Jain,government-appointed director on the board of Maytas Properties told ET,without giving the details.SBI Caps is helping the firm find a partner.

Maytas Properties was founded by Ramalinga Raju,the promoter of Satyam Computer,who admitted to inflating revenue and profitability in January 2009 in Satyam,and was subsequently jailed and investigated by the Central Bureau of Investigation.He is now is prison undergoing trial.

Investor funding dried up completely for Maytas after the scandal,forcing the government to take over and appoint a new board.The firm is now planning to complete some projects including the Rs 1,100-crore Maytas Hill County project in Hyderabad with the help of other private companies,who will invest at the project level and not at the company level.Many of the companys projects have been substantially delayed and Maytas Properties had made several unsuccessful attempts to scout for private equity investors.

Bangalore-based Shriram Properties is among those who have shown interest.We are in talks with many real estate firms including Maytas to buy distressed assets with clear titles.These properties are over 15% cheaper, said a senior official from Shriram Properties.The projects in Hyderabad is going on 20% discounts as the market is on downside.It would be tough for Maytas to raise project-level funding as the investors are cautious, said an industry analyst,who did not wished to be named.

In the last one year,there has been little progress at the only ongoing project of Maytas Properties.Originally scheduled to be completed by the end of 2008,the project is not even half complete.Hyderabad-based GVK Group has also been approached by SBI Capital to buy a stake.

A senior company official confirmed the approach but said that the company has decided not to take up the offer.GV Krishna Reddy,chairman of GVK,also denied that he may invest in a personal capacity.Several non-resident Indians who have booked flats in the projects have been asking the government to expedite the firms rehabilitation.

Maytas Properties had raised Rs 650 crore from customers for the Hill County project. According to one of the flat owners,the discussions are on but players are wary as the land owned by Maytas are under the scrutiny of investigating agencies.The company had also once suggested that,customers pump in an additional 10-30 % to complete construction of their house against credit notes to be issued by Maytas Properties, said a customer who did not wished to be named.The Hill County project has 283 bungalow, 850 apartments prices between Rs 50 lakh and 2.5 crore.The company is said to have a land bank of about 6,000 acres.

Investor funding dried up completely for Maytas after the Satyam scandal,forcing the government to take over and appoint a new board The firm is now planning to complete some projects including the Maytas Hill County project in Hyderabad with the help of other private firms,who will invest at the project level and not at the company level Several non-resident Indians who have booked flats in the projects have been asking the government to expedite the firms rehabilitation

http://www.exclventures.com/News/Newslink-11008.asp

gentem

December 10th, 2010, 04:58 AM

Commercial realty recovers on IT demand (http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIBG/2010/12/04&PageLabel=23&EntityId=Ar02301&ViewMode=HTML&GZ=T)
IBM, HP, Accenture, Wipro, Cognizant Taking Up Large Office Spaces
Shilpa Phadnis | TNN

Bangalore: Riding on the rapid recovery from recession, many large firms are signing up big-ticket commercial real estate deals in different parts of Bangalore.
Industry sources say that Accenture has committed to take 8 lakh sqft in Pritech Park on the Outer Ring Road (between Marathalli and Sarjapur Road). HP and Wipro are said to have recently taken 2.5 lakh sqft and 1.2 lakh sqft respectively in Pritech.
The east and south of the city have been the traditional IT belt, but now the north too is buzzing. IBM, Cognizant, Accenture and HP will be renting space in the second phase of Manyata Embassy Business Park near Hebbal.
Sources in the industry say that IBM has committed to 5 lakh sqft of office space in Manyata phase II. The Big Blue has already occupied 3 lakh sqft in the first phase of the park.
"There is a lot of demand from our existing IT clients," Embassy Group CEO Gopi Krishnan said. The IT sector, he said, continues to expand at the highest rate in Bangalore. "In 2007, we signed an agreement with IBM to deliver 2 million sqft of space over the next four years," Krishnan said.
The IBM portfolio is so huge that it contributes 33% to Embassy's rental revenues. Other companies like Cognizant and Target are also looking at Manyata as part of their expansion plans. Embassy is developing an additional 9 mn sqft in Manyata.
Real estate consultancy CBRE estimates that Bangalore has seen an absorption of 6.8 mn sqft of office space this year. That's up from the absorption of 5 mn sqft in 2009, but still lower than the peak of about 10 mn sqft in 2008. "As companies are expanding and consolidating their operations, we see the demand for commercial real estate going up," said CBRE deputy MD (south India) Ram Chandnani.
The majority of the expansion is expected to come up along the Outer Ring Road, and the micro markets of Whitefield, Jayanagar, JP Nagar, Bannerghatta Road and north Bangalore. "The buoyancy in the market is also reflected in the rentals. For instance, rentals on Outer Ring Road have stabilized between Rs 40-50 per sqft. In 2009, rentals had fallen sharply," said Kaustuv Roy, executive director of Cushman & Wakefield India.
The pan-India office space demand over the next five years is estimated to be about 240 mn sqft.
Bangalore, NCR and Mumbai are expected to account for 46% of the total demand. Kolkata and Chennai are likely to see higher growth rates though, with suburban locations having attractive price points, according to a Cushman & Wakefield report.
http://epaper.timesofindia.com/Repository/getimage.dll?path=TOIBG/2010/12/04/23/Img/Pc0231400.jpg

total of 3 q's of 2010, mn sqft

bangalore 8.2
mumbai 5.8
delhi ncr 5.0
hyd 3.7
pune 2.8
chennai 2.7
kolkata 0.9
ahmedabad 0.25

hyd and pune are doing better than expeted..

kdlara007

December 11th, 2010, 07:22 PM

stormmaker

December 21st, 2010, 04:32 AM

New Delhi: The absorption of office space is estimated to rise by 24% to 32.65 million sq ft during 2010 in the eight major cities as corporates are on an expansion spree, according to property consultant Cushman and Wakefield.

The absorption stood at 26.29 million sq ft in 2009, the consultant said in a statement.

Out of total absorption this year, Bangalore topped the list with 9.9 million sq ft, followed by national capital region (5.44 million sq ft), Hyderabad (5.25 million sq ft) and Mumbai (4.37 million sq ft).

When compared with last year, Hyderabad witnessed the maximum growth in absorption at 96%.

The report further revealed that the fresh pre-commitments for office space created in 2010, due to be absorbed over the next two years, accounted for 9.2 million sq ft, which is double of last year’s 4.7 million sq ft and stands testimony to the growth plans by the corporate sector.

Almost all the major cities recorded pre-commitments of commercial office space in 2010 with Bangalore, Mumbai and Pune being the most significant ones registering over one million sq ft, C&W said.

“The pre-commitments are back and it is a healthy indication of the revival of the office markets. This also signifies that the corporate sector has been actively planning their expansion strategies which were deferred earlier due to the unfavourable economic environment,” C&W executive director (occupier services) Arvind Nandan said.

Supply in 2010 was recorded at 43 million sq ft, which is 17% less than 2009. “This is mainly due to the cautious approach adopted by developers in order to control the high vacancy of approximately 20% in the market”.

The revival in demand in 2010 and controlled supply of projects have helped to tame the vacancy level currently estimated to be 16-17%, the consultant said.

On rentals, C&W said most micromarkets witnessed about 5-15% appreciation over last year. However, the last quarter of 2010 has seen rentals stabilising across locations.

http://www.livemint.com/2010/12/20170254/Office-space-absorption-to-ris.html

stormmaker

December 21st, 2010, 04:35 AM

After several quarters of tepid growth, the office space absorption has grown 23 per cent in 2010, while the rentals in the micro markets grew by 15 per cent as the overall demand for commercial space increased due to better macro economic indicators.

Most micro markets in the country witnessed about 5 –15 per cent rental appreciation over last year, but currently rentals have stabilised across locations. However, select location in Hyderabad and national capital region (NCR) have seen rental growing at a slower pace.

In Mumbai, the moderation in demand led to stabilization in rental values which otherwise witnessed an annual appreciation of 5-10 per cent. Rentals in Bangalore recorded an annual appreciation in the range of 5-16 per cent, while the NCR rentals grew in the range of just 2 – 10 per cent over the year across most of the micro markets.

However, office space supply in 2010 fell 17 per cent to 43 million sq ft due to the cautious approach adopted by developers in order to control the high vacancy of approximately 20 per cent in the market.

“The pre commitments are back and it is a healthy indication of the revival of the office markets. This also signifies that the corporate sector has been actively planning their expansion strategies, which were deferred earlier due to the unfavourable economic environment.

There is also a shift in demand for space in SEZ developments where major pre commitments have been recorded,” Arvind Nandan, executive director, Occupier Services, Cushman & Wakefield India said.

http://www.mydigitalfc.com/real-estate/office-space-rentals-15-occupancy-rises-23-2010-787

stormmaker

December 23rd, 2010, 04:21 AM

Most recently Hyderabad accommodation real estate is predictable for its extremely large generosity apartments. This city is flourishing glowing with its wealthy monetary classification and awareness of NRI. Property builders are place free ground-breaking suggestions and thoughts to construct more lavishness apartments in Hyderabad.

Hyderabad’s generosity apartments are intended by disreputable designers and architects. They aim for some superb themes similar to Italian structural design or Spanish fashion apartments or amazing original which in fact pull in the direction of you to Hyderabad. These apartments may be modest more expensive than other easy apartments. But if you are appearing for amazing exclusive by means of much supplementary lavishness, then this arrangement is for you.

In the intervening time the developers are leaving party no pebble unturned to depict concentration of HNI, and NRI investors absorbed in Hyderabad apartments. For an illustration, these are wholly Vastu submissive generosity apartments. These luxuriousness apartment residences in Hyderabad are thought-out by way of zero faults so it can effortlessly illustrate the concentration of people.

Intended for at present, most of the property schemes in Hyderabad are increasing border regions for example Kompally and Kondapur. Builers are appearing for that sort of region which has enormous quantity of terra firma that is convenient in these regions and also the charge of terra firma is much low than others.

It is the yellow chance for investors if you desire a housing apartment in Hyderabad Property. If you are fascinated, then don’t stoppage as on account of the small price which you will never acquire. As the stipulate will enlarge, the rate will also append to equivalent. So, fix your mentality and take the result.

Consequently, if you have currency and you are accepted wisdom for a well-appointed apartment, then why impede yourself, for the reason that golden option comes one time not over and over again.

http://www.stockmarketsreview.com/realestate/2010/12/21/generosity-apartments-in-hyderabad/

rizwan3

December 26th, 2010, 04:01 AM

http://www.indianexpress.com/news/adb-delhi-indias-no.-1-investment-destination/729379/0

ADB: Delhi India’s No. 1 investment destination

Delhi has emerged as the most attractive city in the country for both foreign and domestic investors, according to the latest Asian Development Bank report on a survey of Indian cities. Greater Mumbai and Chennai follow Delhi closely as good metropolitan areas for investment.

In a survey of 27 cities, the competitiveness factors evaluated were: people, catalysts, infrastructure and financials.

“Furthermore, the city is extremely well-connected to suburban cities along its periphery such as Gurgaon, Faridabad and Noida, making it the largest economic agglomeration in India,” says ADB.

Chennai’s No. 3 ranking as a potential hub for future investments couple traditional reasons such as it being a major seaport known for its manufacturing industry and recent developments such as an exceptionally high investment of Rs 34,000 crore for upgrading its urban infrastructure.

According to the report, Bangalore is a major economic hub in the country with major IT, biotech and FMCG companies but its infrastructure has not been able to keep pace with its rapid economic growth.

Hyderabad, meanwhile, is fast emerging as a top slot city in India. It is currently witnessing an unprecedented growth and is set to become the fourth largest urban agglomeration by 2011, overtaking Bangalore. The city also has the highest number of formally approved IT SEZs in the country.
:cheers:

According to the ADB study, the top 15 cities to invest in India are, as per rank: Delhi, Greater Mumbai, Chennai, Bangalore, Hyderabad, Kolkata, Pune, Ahmedabad, Surat, Chandigarh, Nagpur, Visakhapatnam, Vadodara, Jaipur and Thiruvananthapuram.
:)

stormmaker

January 10th, 2011, 05:08 AM

HYDERABAD: There is an overwhelming response from builders and land owners for `Green Channel', where building applications are cleared within four working days.

As many as 526 building permissions were granted by the Greater Hyderabad Municipal Corporation (GHMC) in the last three months. Incidentally, the highest number of applications were processed in Kukatpally (circle 14), where 61 permissions were granted, followed by Circle 10 (Khairatabad) with 58 applications and Qutubullapur (Circle 15), where 57 permissions were given while only four buildings were permitted in Circle 8 (Abids area).

The GHMC had introduced `Green Channel' on October 18, 2010 to dispose of building applications, where there are clear documents, to prevent corruption in the town planning wing. As per this system, the official concerned would be penalised at the rate of Rs 50 per day, if there is any delay, in clearing files till the permission is granted. The amount would be recovered from the salary of the officer concerned. Most importantly, no additional fee would be levied for builders under this channel.

However, the `Green Channel' is being implemented for giving building permissions for ground+three floors (12 metres height), excluding parking floors or 1,000 square metres area plots in the corporation area.

As of now, building permissions under the Green Channel were being granted in layouts approved by either the Hyderabad Metropolitan Development Authority or GHMC. The applications would have to be submitted through registered architects to ensure that plans conform to master plan and zoning regulations.

"Initially, there were doubts about the Channel but now the response is increasing every day," GHMC commissioner Sameer Sharma said.

http://timesofindia.indiatimes.com/city/hyderabad/Green-channel-comes-as-a-boon-for-builders/articleshow/7249891.cms

stormmaker

January 10th, 2011, 05:10 AM

HYDERABAD: As many as 80,000 commercial property owners in nine municipal circles have been evading property tax in one form or the other. Some among them are paying property tax for residential usage though they are commercially exploiting their properties.

These commercial usage properties have been identified recently by the Greater Hyderabad Municipal Corporation (GHMC) by matching data of buildings with other government departments like commercial taxes and Central Power Distribution Company Limited.

As per the Hyderabad Municipal Corporation Act 1955, different rates are applicable for residential and commercial usages. Tax for commercial properties is higher than residential properties, which is between Rs one and Rs five per square feet depending upon the location of the building.

The corporation has matched nearly 1,10,000 commercial establishments located in nine circles like Circle 4, 5 (both Old City), Rajendranagar, Circle 10, Abids, Serilingampally 1 and 2 with the data available with the corporation. Recently, they found over 80,000 properties were not matching and only 29,621 properties matching with the GHMC's data in terms of usage. Again, of the nearly 30,000 properties, only 6,185 property owners have been paying property tax for commercial usage.

The maximum mismatch of commercial establishments was in Circle 10 (Khairatabad) and Abids area (circle 8) where 18,012 and 15,087 properties were not recorded in respective circles. Another 13,614 properties were not matched in Circle 4 (Charminar area).

Officials said most owners had taken building permission for residential purpose and have been using for commercial purpose. In some localities, initially they were residential buildings and later converted to commercial usage. "Nearly 80,000 properties had not matched in nine circles. Verification process is underway in the nine circles which will be completed by month-end," GHMC additional commissioner (Finance) S Hari Krishna told TOI on Tuesday.

The GHMC official said the identified building owners have been served notices to pay property tax for commercial usage. "If the entire exercise is completed, the corporation may get an additional Rs 50 crore revenue," Hari Krishna added.

The GHMC has already begun various exercises to tap property tax from unassessed properties and unauthorised buildings. The Building Penalisation Scheme (BPS) data is being used to impose 25 per cent additional property tax as penal amount on those who had failed to clear the BPS dues.

Census data is being used to bring unassessed properties into tax net. Similarly, 2,500 hostels, which have been running in residential buildings, and 2,900 cell towers in the city, were brought under tax net, which could fetch about Rs six crore to the corporation.

http://timesofindia.indiatimes.com/city/hyderabad/GHMC-unearths-80000-property-tax-evasion-cases/articleshow/7244270.cms

jkabhi

January 12th, 2011, 07:06 AM

Any good residential project coming in begumpet or marradpally areas?
Wanted a 2/3 BHK apartment.

rizwan3

January 26th, 2011, 08:32 PM

http://www.indianexpress.com/news/Andhra-IT-sector-withstands-the-Telangana-stir--keeps-growing/742407

Andhra IT sector withstands the Telangana stir, keeps growing

Thu Jan 27 2011, 23:28 hrs Hyderabad:

Andhra Pradesh’s information technology industry has kept growing, figures show, though the popular perception was that it had suffered because of the Telangana movement.

IT exports from Andhra Pradesh grew by Rs 4,000 crore, or 12.5 per cent, in 2010-11 from the previous year’s Rs 32,000 crore, according to statistics with the Information Technology and Services Industry Association of Andhra Pradesh (ITsAP). If the growth continues this way, principal secretary, Information and Technology, K Ratna Prabha says, IT exports should cross Rs 40,000 crore in 2011-12.

Several IT majors are looking at Hyderabad to expand their operations. Existing IT hubs like Madhapur, Gachi Bowli and Kondapur will face competition from new ones being developed at Uppal, Pocharam, Shamirpet and Shamshabad.:cheers:

Hyderabad is already home to nearly 1,300 IT companies, with some 100 small and big firms having set up facilities in the last two years. Facebook and JP Morgan are among those that have started operations in Hyderabad.

Royal DSM, a Netherlands-based Fortune 500 company, is looking at setting up back-office operations and an IT support services centre in the city. A team from the Dutch company met IT Minister Ponnala Lakshmiah and other senior government officials on January 12 to look for space and facilities on offer.

Many Indian companies too are looking at Hyderabad to expand their operations beyond their present bases, mostly in Bangalore or Pune. Among these is Bangalore-based Honeywell Technology Solutions, which opened a research and development centre in Hyderabad on Sunday.

Special secretary, IT, M Gopi Krishna says that last year 4 million square feet of IT office space was taken and space totalling another 9 million square feet is being developed for use in the next couple of years. “Real estate developers and builders are alive to this growing demand from IT. Besides the usual hubs, new development exclusively for IT is going on at Uppal, Pocharam, Shamirpet and Shamshabad areas. All of this will be ready by next year,” Gopi Krishna says. :cheers:

UnitedHealth Group and JP Morgan came here at a time when there were fears about the agitation. Now they are happy that they chose Hyderabad because they have grown tremendously. Last week, JP Morgan celebrated the completion of one year in the city in a big way,” Gopi Krishna adds. :banana:
The IT Minister is in consultation with the Centre for setting up two greenfield IT centres at Maheswaram and Uppal on the outskirts of Hyderabad. The state government is also starting work on IT towers in tier-II cities like Vishakhapatnam, Warangal and Tirupati.

The state government is already preparing for the expected leap forward in 2011-12 by organising a two-day conference and exhibition, AdvantageAP, on March 1 and 2.

“The conference and exhibition will provide a forum for IT & ITES companies, academic institutions, governments, end-customers (users) of various industries, to collaborate and leverage the enabling environment that AP has to offer. It will help showcase and understand the solutions devised and developed by AP-based IT & ITES companies, the preferential policies offered by Government of Andhra Pradesh, infrastructure availability and expansion plans, talent availability, potential offered by tier-II cities in the state and opportunities in industry sectors like manufacturing, retail, government, banking and financial services, healthcare, infrastructure, innovation and investment,” an official of ITsAP says.
:cheers:

prasanna724

February 2nd, 2011, 06:32 AM

Manjeera Have different projects with different rates in hyderabad ( Gopanapally, JNTU Road, LB NAgar, Qutbullapur..)

We take pleasure in introducing ourselves as Manjeera Construction Ltd. The real estate arm of the diversified Manjeera Group. We are focused in area of Constructions, Hotels & Resorts, and Retail Holdings. Manjeera is a name reckons with in the field of real Estates in Hyderabad.

The major companies of the group are as follows:

1. Manjeera Construction Ltd

2. Manjeera Estates Pvt LTD

3. Manjeera Hotels & Resorts Ltd

4. Manjeera Retail holdings Pvt Ltd

5. GM Infra ventures Pvt Ltd

6. Manjeera Projects

With our unwavering commitment to delivering landmark residential & commercial projects across Hyderabad over the past 25 years. We at Manjeera would like to introduce our newest residential Projects.

Residential:

Manjeera Diamond Towers - Gopanpally - http://www.manjeera.com/mdt/index.html

Manjeera Diamond Villas – Gopanpally - http://www.manjeera.com/villas/html/about.html

Manjeera Trinity Homes - JNTU- Hitec city road - http://www.manjeera.com/trinity-homes/index.html

Manjeera Majestic Homes - JNTU- Hitec city road - http://www.manjeera.com/majestic-homes/index.html

Manjeera is the first Construction industry player in Hyderabad & the second in India to enlist in CQRA (Construction Quality Audit & Rating) - CIDC (The Construction Industry Development Council)for its quality intensive project. It is also a member of CREDAI-AP, Builders Forum and IGBC (Indian Green Building Council).

For more details or log on to our Website www.manjeera.com

stormmaker

February 3rd, 2011, 09:33 PM

Vestian firms up Rs1,000-crore India realty plan (http://expressbuzz.com/finance/vestian-firms-up-rs1000-crore-india-realty-plan/244679.html)

HYDERABAD: Chicago-based Vestian Global Workplace Services, an integrated real estate services provider, on Tuesday said it would invest `1,500 crore in India and China over the next 18 months. The company, which raised the fund from global investors, said about 70 per cent of the proposed investment was earmarked for the Indian market.

“We have started interacting with the developers in India and once we have the SEC approvals in place, we will start investing,” said Shrinivas Rao, CEO, Asia Pacific, Vestian Global Workplace Services.

Within India, the company will focus on three key southern markets including Bangalore, Chennai and Hyderabad. Globally, it is looking at development of commercial space in India, China and the MiddleEast.

Explaining the increasing need for office workspace in Hyderabad despite ambiguity over a separate state, Rao said, “Within the last three quarters, about five million sq.ft office space has been absorbed by corporates creating about 50,000 jobs in Hyderabad.”

According to estimates, office space of about 2.5 million sq.ft is lying vacant.

“We are exploring investment potential in all categories including new ventures and distressed projects. Once the SEC approvals are in place by end of February, we hope to sign agreements with developers in the next three months,” Rao said.

Babji

February 6th, 2011, 11:27 PM

Date:07/02/2011 URL: http://www.thehindu.com/2011/02/07/stories/2011020762300300.htm
HMDA auctions may determine ‘real' scene

Staff Reporter

Over 250 enquiries registered on the first day after the authority announced the date for auction of plots
Majority of enquiries pertain to Gopanpally where upset price for plots is 11,000 per sq. yard
Of 97 plots, fresh ones offered only in Gopanpally while rest are those unsold last time

HYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) move to go in for auction of plots appears to have started off on optimistic note with enquiries pouring in on the first day itself.

Yet, given the prevailing real estate scenario, the big if is how many of these enquiries get converted into actual bid participation. According to HMDA officials, more than 250 call enquiries were received on Saturday and in an interesting trend, a high majority of these turned out to be for 17 new plots at Gopanpally. Of the 97 plots put for auction, only Gopanpally has fresh plots to offer while the rest were the ‘left over plots', ones that failed to get buyers in earlier auctions.

Almost every second enquiry call happened to be about Gopanpally though the upset price has been fixed at Rs.11,000 per square yard which is about Rs.1,000 more than most others. “Enquires for this location are mostly from software professionals who seem to prefer it given the proximity to the IT area of Gachibowli,” said an official.

Nandagiri hills: Meanwhile, fingers remain crossed over the fate of Nandagiri Hills land which has a spread of nearly five acres and the upset price fixed working out to around Rs.114 crore. Given the high pricing, it remains to be seen the kind of response it would generate among prospective bidders.

To facilitate loans for the successful bidders, the HMDA has already tied-up with LIC and talks were on with few other financial institutions. “Given our NOC which means a clear title and does away with tedious title verification process, the process of loans become that much more easier compared to private developer or builder,” an official said.

This round of HMDA auctions had come at a crucial phase for the real estate industry in the city and suburbs as the response could provide an insight into the mood and sentiment of the end-users. However, a clear picture would be available towards the month-end when the bids are opened.
not too bad! :)

rockystone

February 7th, 2011, 08:04 AM

Hindujas in talks with Italian co for $2 bn realty projects

Conglomerate Hinduja Group is in talks with Italian construction company Pessina Construzioni to develop four real estate projects, costing $2 billion (over Rs 9,000 crore), in India.

"Pessina Construzioni is one of the foremost firms in the Italian construction industry. We have approached them to develop four projects of $two billion in India ," Prakash P Hinduja, Chairman, Advisory Board of Hinduja Bank, Switzerland, said.

The four projects, including both residential and commercial spaces, will be developed in Bangalore and Hyderabad in an area of 1,002 acres, he said.

Pessina Construzioni, which is in the construction business for last 60 years, has been building residential and office buildings, industrial buildings, healthcare infrastructure and road-building throughout Italy .

"We had first meeting with Hinduja Realty Ventures recently. It is a very large project for us. Nothing has been finalised yet," Dott Roberto Reale, the International Business Developer of Pessina Construzioni, said.

Hinduja Realty Venture is the three-year-old real estate arm of the Hinduja Group. It currently has 30 million square feet to undertake development, including integrated township, residential complexes, IT and Knowledge parks, hospitality and retail.

In September last year, the company had announced that it will invest Rs 5,500 crore to develop four realty projects in Bangalore, Hyderabad and Chennai.

The Hinduja Group companies include Ashok Leyland , Gulf Oil Corporation Ltd , IndusInd Bank and others across sectors.

The Group employs over 40,000 people and has offices in many key cities of the world and all the major cities in India.

Babji

February 12th, 2011, 10:33 PM

Date:13/02/2011 URL: http://www.thehindu.com/2011/02/13/stories/2011021355070700.htm
Andhra Pradesh hurtling towards a financial crisis
Special Correspondent
HYDERABAD: The State Government is heading for a “deep financial crisis” with dues to various welfare and developmental activities taking the toll of the significantly reduced fund inflows to the ex-chequer.

Well intentioned programmes like the Jala Yagnam, fee reimbursement to students and housing for weaker sections on a saturation mode, free power to farm sector and public health programme Arogyasri, to name a few, are taking the toll of the already dwindling State's finances. The State, according to the Finance Department officials, is landed in the proverbial “riding the tiger without knowing how and when to get down” situation as of now with no immediate remedy, except hoping for increased devolutions from the Centre”, in sight.

“From a growth rate of over 12 per cent a couple of years ago, the State slipped to less than eight per cent now. It should, however, continue the schemes which were launched at the height of economic boom without taking into account the possible lows on the economic front,” a senior official told The Hindu. The Government is yet to release the first instalment of fee reimbursement, amounting to over Rs. 3,400 crore for the current financial year, coming to close on March 31. Officials admit that the amounts released so far helped in clearing dues pertaining to the fiscal years 2008-09 and 2009-10 with the dues of the current fiscal set to carry forward to next financial year.

“Even if a part of the dues are released in the coming days, the balance will be carried forward to the next year mandating much higher allocation. Given the rate of inflows, this will entail a steep reduction in one or other welfare measures,” the official said.

The fate of 24 lakh students hangs in balance as the managements of engineering and other professional colleges threatened to indefinitely close their institutions if the government did not release funds before this month-end. The managements are sore that over 400 out of the 700 engineering colleges have been categorised as NPAs by banks and 150 of them face threat of closure if funds are not released on time.

Risk factor: Officials are apprehensive that scrapping or modification of the fee reimbursement scheme would result in a serious backlash. “The Government is unlikely to take the risk in the current volatile political situation.”

Coupled with the prospects of indefinite closure of the colleges, the government is facing pressure from the contractors of Jala Yagnam programme who have threatened to stop the ongoing works on the irrigation projects if the it failed to release their dues. As against the budgetary allocation of Rs. 15,011 crore made for irrigation projects this year, about one-third Rs. 5,500 crore had actually been released.

With the financial year set to close in less than a month and a half, the Finance Department practically finds itself in a Catch 22 situation for releasing the over Rs. 9,500 crore budgeted amount. Coming in the midst of the financial constraints is the Rachabanda programme, the mass contact programme entailing an expenditure of over Rs. 2,500 crore for on the spot redressal of grievances pertaining to welfare schemes.
rumours are that GoAP is cutting Q4 funds for many departments ...

Babji

February 12th, 2011, 11:47 PM

Office space absorption to rise by 24% in 2010 (http://www.livemint.com/2010/12/20170254/Office-space-absorption-to-ris.html)

Out of total absorption this year, Bangalore topped the list with 9.9 million sq ft, followed by national capital region (5.44 million sq ft), Hyderabad (5.25 million sq ft) and Mumbai (4.37 million sq ft)

PTI
New Delhi: The absorption of office space is estimated to rise by 24% to 32.65 million sq ft during 2010 in the eight major cities as corporates are on an expansion spree, according to property consultant Cushman and Wakefield.

The absorption stood at 26.29 million sq ft in 2009, the consultant said in a statement.

Out of total absorption this year, Bangalore topped the list with 9.9 million sq ft, followed by national capital region (5.44 million sq ft), Hyderabad (5.25 million sq ft) and Mumbai (4.37 million sq ft).

When compared with last year, Hyderabad witnessed the maximum growth in absorption at 96%.

The report further revealed that the fresh pre-commitments for office space created in 2010, due to be absorbed over the next two years, accounted for 9.2 million sq ft, which is double of last year’s 4.7 million sq ft and stands testimony to the growth plans by the corporate sector.

Almost all the major cities recorded pre-commitments of commercial office space in 2010 with Bangalore, Mumbai and Pune being the most significant ones registering over one million sq ft, C&W said...

Supply in 2010 was recorded at 43 million sq ft, which is 17% less than 2009. “This is mainly due to the cautious approach adopted by developers in order to control the high vacancy of approximately 20% in the market”...

On rentals, C&W said most micromarkets witnessed about 5-15% appreciation over last year. However, the last quarter of 2010 has seen rentals stabilising across locations.

i saw this by chance and wanted to share ... looks like its been posted here too, already ... Hyd Metro should help keep up with the momentum - hopefully!

kdlara007

February 13th, 2011, 05:52 AM

i saw this by chance and wanted to share ... looks like its been posted here too, already ... Hyd Metro should help keep up with the momentum - hopefully!
Compared to 2009, Hyderabad did really better in terms of absorption i.e. 96%. However, it still lagged behind Bengaluru in terms of million sq. feet by a wide margin in 2010. Partly it may be due to the unresolved Telangana issue. Hopefully, this year we would get close to Bengaluru.

Babji

March 5th, 2011, 04:09 AM

Date:05/03/2011 URL: http://www.thehindu.com/2011/03/05/stories/2011030566260300.htm
Residential property values, rentals stable

Special Correspondent
Range between Rs.3,400 and 7,200 per sft in high segment areas; Rs. 2,700 and 4,500 per sft in mid segment areas

HYDERABAD: Property values and rentals of residential units in the twin cities are likely to remain stable for the next three to six months. Values range between Rs.3,400 and 7,200 per sq.ft in high segment areas where as it is between Rs.2,700 and 4,500 per sq.ft in the mid segment regions.

High segment areas are Banjara Hills, Jubilee Hills, West & East Marredpally, Begumpet, Somajiguda, Madhapur, Gachibowli, Kukatpally and Kompalli. Mid-segment constitutes Himayatnagar, besides the above mentioned regions too.

There also has been a revival in the residential property market for the fourth consecutive quarter, a Cushman & Wakefield publication revealed. Stability in values has been attributed to the prevailing political uncertainty, uneven demand and rise in home loan interest rates.

Announcements: In the last quarter of 2010, there were announcements of nearly 3,000 residential properties spread across 11 projects primarily in the western part of the capital like Madhapur, Nanakaramguda, Hafeezpet, Kukatpally, Bachupally and Chandanagar.

Half of these projects cater to the mid-segment at about 56 per cent, 35 per cent cater to the high segment and six per cent in the affordable category. The study says that developers launched the products priced between Rs.25 lakh and Rs. 50 lakh targeting the mid-income buyers. Fresh recruitment by the IT/ITES corporates as well as those who had delayed their buying decisions in the last two years expecting a correction in real estate prices could have led to the incremental demand for the mid ranged properties, it said.

Some of the developers with location advantage witnessed moderate sales for the mid-range products and some others tried to revive the sluggish sales through promotional schemes like cash discounts on spot payment, partial payment till possession, free furnishing for early bookings, etc.

It also said that the rental values had stabilised over the last quarter.

Capital values of properties, however, suffered a dip especially in Kompalli of the high segment where there was four per cent dip leading to revision of rates.

Madhapur and Gachibowli saw marginal appreciation because of high asking rates of the newly launched products.
:cheers:

rizwan3

March 9th, 2011, 06:09 AM

http://timesofindia.indiatimes.com/city/hyderabad/Solid-demand-for-swanky-homes-in-city/articleshow/7659962.cms

Solid demand for swanky homes in city
Sudipta Sengupta, TNN | Mar 9, 2011, 05.36am IST

HYDERABAD: The sale of the ailing middle class housing schemes in the city could have dropped to an all time low with most projects finding no takers even after a 30-40 per cent slash in price. Doing well, however, is the premium realty segment of Hyderabad that has witnessed a jump in sales over the last few months. And what's more, the swelling demand for these star accommodations has even encouraged developers to hike their property prices by a good 15-20%.

Be it NSL Infrastructure Lid's project 'Orion' in Raidurg or Konnect Ambience's 'Botanika' in Gachibowli, Lodha Group's venture 'Bellezza' near Hi-Tec City or Aditya Constructions' 'Empress Park' in Jubilee Hills, the rates of each of these properties have gone up by Rs 1,500 per sft in the last few months. If these premium flats and villas, spread over Rs 4,000 per sq ft, were earlier priced at Rs 5500 to Rs 6000 per sft, they are now touching the Rs 7,500 per sft mark.

"The demand in the premium sector is only surging by the day. Those capable of buying these properties do not seem to bother either about inflation, the political unrest or poor performance of the market over the last two years," said Rakesh Talwar, vice-president (marketing and sales) of NSL that is now selling its swank villas in Raidurg for Rs 3.3 crore as against Rs 2.6 crore, its price not too long ago. Similarly, Lodha that launched its 'Bellezza' project at Eden Square, between Kukatpally and Hi-Tec city, in 2009 at the rate of Rs 4,500 per sq ft has now revised it to Rs 6,300 per sq ft. Senior executives of the realty firm claim that the hike in price has failed to slow down its soaring sales. "We have sold more than 200 of our 600 villas, which is great going," said Abhishesh Jai-swal, head of sales, Lodha Group (Hyd).

And to justify their escalating rates, developers have added extravagant features to the properties. If some have thrown in an exotic club house, others have incorporated a chic spa. Then there are Italian marble floorings, modular kitchens designed by leading international brands (the price starts from Rs 12 lakh approximately) and European/Japanese lifts that cost not less than Rs 8-10 lakh. "The rich in the city want such comforts in their houses and do not mind spending a few extra lakhs or crores to get it," said real estate consultant B V P Raju adding how the drop in supply of such homes (due to a slow down in construction activity in the city) has further increased its demand.

And not just residential, premium commercial properties too seem to be doing well. After touching a low of Rs 28 per sft, during the 'T' agitations, the rentals of these office spaces have now shot to Rs 39 per sft or more. "Interested parties are in fact ready to pay as much as Rs 41 per sft in some of the leading SEZs in the city," said Sreedhar Reddy, president, AP Realtors Association.
:)

rizwan3

March 12th, 2011, 11:06 AM

http://www.hindu.com/pp/2011/03/12/stories/2011031250960700.htm

Demand for office space continues in city

Vacancy rate drops to almost 13 per cent compared to 21 per cent in the previous quarter of 2009

http://www.hindu.com/pp/2011/03/12/images/2011031250960701.jpg

Good start:About 1.5 million square feet of office and commercial space was occupied in the city in the last quarter of the year with existing IT/ITES firms driving the growth.

Hyderabad's commercial office space market has shown a demand led growth last year despite the political turbulence with as much as 5.3 Million Square Feet (MSF) getting absorbed. About 1.5 MSF was occupied in the last quarter itself with existing IT/ITES firms driving the growth.:cheers:

Vacancy rate

Overall vacancy rate has dropped to almost 13 per cent compared to 21 per cent in the previous quarter of 2009 and 29 per cent in the last quarter of the same period. A Cushman & Wakefield research publication released at the Advantage AP – Annual IT Summit by its Executive Director Arvind Nandan showed that Madhapur and Gachibowli regions accounted for 93 per cent of absorption or 1.4 MSF, mostly in the Special Economic Zones.

Fresh commitments

Fresh commitments are to an extent of 5.28 lakh SF mostly in Madhapur SEZ. The number of lease transactions reported in the last quarter are said to be the highest in the SEZs to benefit from tax exemptions even after the current Software Technology Park of India (STPI)/ sunset clause expires on March 2011.

Increased interest

The study claims that the demand is also an indication of the increased interest among the occupiers.

http://www.hindu.com/pp/2011/03/12/images/2011031250960702.jpg
:cheers:
However, fresh supply was just two lakh square feet at a standalone commercial development in Raidurg.

Delay

It is attributed to developers delaying construction schedules due to a sluggish recovery in the leasing market.

This year for the first quarter, the global real estate research agency estimates two million square feet to be infused with supply concentration in suburban and peripheral regions of Uppal. Suburban regions of Madhapur, Gachibowli, Nanakramguda, Manikonda and Raidurg may show rental appreciation of three to five per cent.

Stable

Rentals are more likely to remain stable in the regions of Banjara Hills Road nos. 1, 3, 10 & 12; Somajiguda, Raj Bhavan road and S.P. Road.
:cheers:

rizwan3

March 19th, 2011, 04:27 PM

http://www.hindu.com/pp/2011/03/19/images/2011031950590602.jpg

Space in malls in the capital saw a marginal drop of five to six per cent in the last quarter. Leasing transactions too were very limited in the absence of fresh mall supply, Cushman & Wakefield study had stated.

While market sentiments were upbeat, most retailers explored the main streets for their expansion plans. Rentals stabilised across these streets barring Himayatnagar and Jubilee Hills Road No.36 where there was an appreciation of 11 per cent and eight per cent, respectively.

Stores also got operationalised in the Inorbit Mall at Madhapur which saw a vacancy of about seven per cent. Jubilee Hills Road No.36 saw matching supply being made available by select landlords for leasing whereas overall supply on most streets was scant.The study said that fresh mall supply was unlikely in the current year .

Select mall projects in Kukatpally are under various stages of construction and are likely to be completed in 2012 only. Till then, rentals barring Madhapur are expected to remain stable .
http://www.hindu.com/pp/2011/03/19/images/2011031950590601.jpg

Babji

May 30th, 2011, 04:55 AM

Date:30/05/2011 URL: http://www.thehindu.com/2011/05/30/stories/2011053061200300.htm
Rentals hit a plateau in the city

T. Lalith Singh
Madhapur and Kondapur continue to top the demand chart
Vacant spaces in apartments are available this season, says an agent

HYDERABAD: For those looking for residential space, this summer has lots of options to choose from. Even the rentals seem to have hit the plateau after registering an erratic up and down path in the last few years.

Contrary to the situation that was witnessed during the real estate boom when rentals peaked high and the demand for residential space was unprecedented, now both have moved in favour of the tenants.

Usually, summer season has high activity on residential rental front with tenants moving out and new ones coming in. “Most wait for the academic year to close to ensure the shifting doesn't disturb their children's education and time it with admission in new schools. That is the reason, lot of residential stock come into the market between April and June,” says J. Venkateswar Rao, a real estate agent.

For the comfort of a tenant, quite a bit of vacant spaces in the apartments are available this season, according to the agents. “Both two-bedroom and three-bedroom are available in preferred areas such as Begumpet, Somajiguda, S.R.Nagar, Banjara Hills and also Madhapur,” says Sheikh Ali, another agent. Even other areas such as Nallakunta, DD Colony and Tarnaka, which are preferred for the tutorials located there, have adequate vacant stocks.

Rentals too appear to have stabilised in the range of Rs.10,000 to Rs.12,000 for 2BR and Rs.15,000 to Rs.20,000 for 3BR based on the location and amenities available in the apartment. While this being for the prime areas, those located a bit away from the premiums spots are available at Rs.2,000 to Rs.5,000 lesser rental.

Even for the advance to be deposited, the trend of six months rental has been phased out and the prevailing trend happens to be two months advance and one month rental.

Madhapur and Kondapur continue to top the demand chart and the rentals are cited to be slightly higher there. According to Mr.Ali, IT professionals who dispersed to areas with lesser rental in the wake of economic slowdown two years ago seem to be returning to premium locations such as Madhapur, Jubilee Hills and Kondapur.
:)

ygvjs2000

May 31st, 2011, 02:33 AM

To every proud Hyderabadis.
Hyderabad is far better than Bangalore and other cities in India in terms of infrastructure. Bangalore is generation behind.
Source: Canada CTV.ca http://www.ctv.ca/generic/generated/static/business/article2040449.html
Hyderabad throws down the high-tech gauntlet

The inner city of India’s newest business metropolis is similar to many on the subcontinent: A churning, honking, clanging mass of people, cars, rickshaws and feral hounds.

But heading northwest of the bustling downtown, the scenery changes dramatically. Gritty repair shops and choked intersections fade into high-end fashion stores, mansions, parks and promenades, before an entirely different world emerges: “Cyberabad,” a district of massive modern buildings that house some of the biggest names in technology and pharmaceuticals, from Google and Dell to Novartis, not to mention India’s largest infrastructure companies.

The information-technology hub of Bangalore has for years symbolized the “new” India of outsourcing and call-centres. But Hyderabad has gradually entered the global business consciousness as Bangalore’s infrastructure ages, the city grows more congested and it begins to show the strains after years of success. Indeed, in the time since former president George W. Bush visited Hyderabad in 2006 and skipped Bangalore - in a slight heard ’round India’s boardrooms - the city has become an integral economic engine for the populous state of Andhra Pradesh and a focal point for India’s new economy.

Even as it grapples with a bout of political turmoil, the city has grown to anchor a triangle of regional heavyweights in high technology and manufacturing that also includes Bangalore and Chennai. Hyderabad, and satellite-city technology hubs on the outside of major urban areas like New Delhi’s Gurgaon, are key foundations to India’s move up the value chain. The country is shifting from being a hotbed of tech outsourcing to one which nurtures homegrown giants and lures global businesses keen to tap India’s professional work force.

“Life is finer in Hyderabad – Bangalore is too crowded, and people are finding Hyderabad to be a better option,” says Satish Devaragudi, the manager of Scotiabank’s Hyderbad branch, the bank’s newest location in India. “Hyderabad is still cheaper in terms of commercial space, in terms of the cost of living.”

Hyderabad’s march to success – which has made the city a beacon for other urban areas across India – is the result of the bold vision of Chandrababu Naidu, the top politician of Andhra Pradesh state. Taking power in the mid-90s, the entrepreneur set about making Hyderabad a hub for big business. This was no easy task in India, a country where red tape and lethargic bureaucracies are the norm. He sold land quickly and cheaply; promised an uninterrupted power supply; provided top-rate digital infrastructure; and plowed significant government resources into wooing companies to Hyderabad.

T. Hanuman Chowdary, who was Mr. Naidu’s adviser for IT, remembers the chief minister took the mission very seriously. “He did a marvellous job,” says Mr. Chowdary, who now runs a telecom think tank and works for Tata Consultancy Services. He notes that the minister took the mission extremely seriously, but also quite personally, often intervening himself: Once, Mr. Naidu launched into an hours-long Power Point presentation to Microsoft founder Bill Gates in order to convince him that the company’s first R&D centre outside Redmond should be here.

“Hyderabad was pretty strong in their pitch,” says Amit Chatterjee, the head of Microsoft India’s 1,600-person strong R&D division in Hyderabad. “They were clearly very eager.”

Mr. Chatterjee, who was born in India and went to school near Kolkata before working for Microsoft in the United States, has been in Hyderabad for the past 12 years, and praises the cosmopolitan nature of the city. It has changed dramatically since he arrived, with infrastructure improving along with telecommunications links and connectivity. The city also has a new, gleaming airport that is connected to the city by a quick, functional flyover. Mr. Chatterjee notes that when employees fly in, they can be at Microsoft’s office in around 30 or 40 minutes, whereas in more congested Bangalore a similar trip could take around two hours.

There is also an abundance of land: For every huge corporate complex in “Cyberabad”, or Hi-Tec City as it’s also known, there seems to be at least one more under construction.

Ashwin Joshi, who is the executive director of York University’s Schulich MBA program in Mumbai, is going to help relocate their temporary campus down to Hyderabad once expected legislative changes allow foreign schools to grant degrees on Indian soil. For their new building, Schulich is planning to use the same infrastructure firm – the GMR Group – that built Hyderabad’s award-winning airport.

His institution will be in good company, as well: Hyderabad is already home base for the Indian School of Business, which for four years in a row has placed within the Top 20 of the Financial Times’ global MBA rankings, and is already expanding to new locations outside the city.

Hyderabad “is the only city in India where infrastructure is actually ahead of demand,” Mr. Joshi says. “In terms of infrastructure, Bangalore is a generation behind.”

ranga

May 31st, 2011, 12:05 PM

ygvjs2000

June 1st, 2011, 04:09 AM

Dear Mr. Ranga,
I do not know your problem. You seem be be negative in all your comments. You have the freedom of speech but not the entire world is negative. You have to make good from bad and be optimistic.

Notwithstanding the self patting Hyderabad infrastructure is good but in bits and pieces.There are many localities in the twin cities where infrastructure is much worst than Bangaluru.Despite being a KATTAR Hyderabadi i call spade a spade like any other old Hyderabadis.

HydSkyScraper

June 1st, 2011, 06:59 AM

Notwithstanding the self patting Hyderabad infrastructure is good but in bits and pieces.There are many localities in the twin cities where infrastructure is much worst than Bangaluru.Despite being a KATTAR Hyderabadi i call spade a spade like any other old Hyderabadis.

Mr.Kattar,

C'Mon Man! I stayed in Bang for 8 yrs...they are worst than hyd. And post #97 is absolutely right.

ps:Too much negative thinking is injurious to health ;-)

Ron7

June 1st, 2011, 02:55 PM

Here is the recent survey done by ASSOCHAM about Bangalore city & its infrastructure!!!

Bangalore to lose its IT status (http://www.mybangalore.com/article/0511/bangalore-to-lose-its-it-status.html)

According to a survey conducted by Associated Chambers of Commerce and Industry of India (ASSOCHAM), Bangalore might lose its status of being the IT capital of India. :banana::banana:The survey states that the status would soon belong to the National Capital Region (NCR) of Noida and Gurgaon.The survey concluded that companies offering IT, IT-enabled services (ITes), business process outsourcing (BPO), and knowledge process outsourcing (KPO) in various domains like banking, financial services, insurance, pharma, auto, FMCG and manufacturing prefer to relocate operations.

The survey also finds out that Bangalore is losing its sheen due to crumbling infrastructure, compelling many companies to head towards more convenient and industrial-friendly centres. Leading IT and ITeS vendors prefer to shift their focus from Bangalore to other satellite cities like Noida and Gurgaon for more revenues. :cheers:

Officials at ASSOCHAM state that the growth explosion in Bangalore has pushed the city towards serious civic crisis. Civic issues like roads choked with vehicles, frequent power outages, erratic water supply and poor sanitation is making Bangalore lose its luster to Gurgaon and Noida.

ASSOCHAM interacted with 800 directors, CEOs, CFOs, chairmen and managing directors of Indian and multinational companies in various verticals. Five cities were chosen to relocate businesses to garner more revenues. 30 per cent top-ranked officials of IT companies said they preferred Gurgaon, 25 percent wanted to relocate operations to Noida, about 20 per cent preferred Chandigarh, 15 per cent of respondents said that they prefer Pune and 10 percent wanted to relocate their business to Hyderabad. :banana: :banana:

rags123

June 1st, 2011, 04:33 PM

This could be true, may not affect existing investments but will surely effect the future investments and truly the infrastructure in the NCR area has got better they have done a lot of good work and I have seen a difference during my recent visit and also had chat with a consultant who claimed that operating cost remained lower, looks like the last decade was dominated by southern part of India but as projected Northern Part of India will our perform over their peers!!!

anidel

June 1st, 2011, 04:52 PM

Yeah it dosen't mean that Bangalore is going to close down it means whole of India is developing.

As for Bangalore its becoming a aerospace and biotech hub.

Prodigist

June 1st, 2011, 05:33 PM

As for Bangalore its becoming a aerospace and biotech hub.

It is but as far as those fields are concerned, Hyderabad and Bangalore are not very far from each other.. Hyderabad is a traditional defence hub(DRDO being head quartered here)

rags123

June 1st, 2011, 05:52 PM

Prodigist

June 1st, 2011, 06:41 PM

B'lore no longer tops the list in Biotech exports, Maharashtra has higher exports and this means B'lore cannot be termed BT capital

For more infor please click below

http://www.ukibc.com/news_and_media/articles/mumbai_first.aspx

These figures are stale but when you will see latest figures Mumbai, Maharashtra would still lead!

I really dont know what that linked article was talking about.. cos it included clinical research , pharma manufacturing/pharma exports into 1 single thing called Biotech and ended up with that result...

And because there there is nothing like STPI for the biotech industry that paper took the entire revenues for a company from all over the country and added it only to the region where the company was headquartered.

If you look at pureplay biotech r&d mumbai is nowhere near the top .. Mumbai compensates it with biopharma manufacturing.

Prodigist

June 1st, 2011, 06:50 PM

I really dont know how we missed this. Article dated May 25th.

GMR Group in JV talks with Apollo Hospitals & Mayo Clinic for $1 billion healthcare foray (http://articles.economictimes.indiatimes.com/2011-05-25/news/29581882_1_suneeta-reddy-gmr-plans-gmr-group)

Infrastructure conglomerate GMR Group is in talks with multiple potential partners including Prathap Reddy's Apollo Hospitals Group and US-based healthcare provider Mayo Clinic to set up a large hospital project in Hyderabad where it plans to invest close to $1 billion, two people said on condition of anonymity because the talks are private.

One of the people quoted above said that GMR plans to use the surplus land it owns around the Hyderabad airport to build what could be one of the largest hospitals in Asia and wants to rope in partners of international repute for the same.

The discussions between GMR, Apollo Hospitals and Mayo Clinic are at a preliminary stage and may not result in a deal, according to the person quoted above.The three parties are in talks to form a joint venture company to execute the project.

A spokersperson for GMR said in response to queries from ET Now, "There is nothing definitive as yet. Yes, we are talking to at least a couple of leading hospitals for a possible tie-up for our Health Port in Hyderabad but no details are currently available for confirmation to you".

Suneeta Reddy, Executive Director, Finance, at Apollo Hospitals Enterprises Limited said in an emailed response to queries regarding the potential transaction, "At this time there are no facts to validate this information".

Mayo clinic did not respond to emailed queries.
Mayo Clinic is a not for profit organization that runs a number of clinics, hospitals and medical research facilities and schools in different parts of the USA. The group reported revenues of over $7.5 billion for the year 2009. Mayo Clinic reinvests all the profits it makes into the various medical facilities that it operates.

Large hospital chains such as Apollo Hospitals and Fortis Healthcare are looking at ways to tap the market for medical tourism in India, where world-class healthcare facilities and doctors are available at lower costs.

"GMR will also benefit from a project of this nature as it will complement its airports business if the hospital is able to attract a large number of overseas patients", one person familiar with the company's plans said.

These are only preliminary talks but the AEROTROPOLIS is finally taking a concrete shape :)

rags123

June 1st, 2011, 07:10 PM

Well these projects are revenue generating and is the only solution to the loss making GMR Airport and they are exploring best possible ways to increase non aviation related revenue as the Air Traffic may not even reach 12 Million in next 4-5 years so the air port has an over capacity!

These things will save us paying high UDF !!

Prodigist

June 1st, 2011, 07:20 PM

^^^ Well incase you are not regularly following updates :)

GMR Hyderabad International Airport (GHIAL), a subsidiary of GMR Infrastructure that operates the international airport in Hyderabad, has finally achieved breakeven during the fiscal to March.

http://www.mydigitalfc.com/news/gmr%E2%80%99s-hyderabad-airport-breaks-even-219

anidel

June 3rd, 2011, 02:43 PM

It is but as far as those fields are concerned, Hyderabad and Bangalore are not very far from each other.. Hyderabad is a traditional defence hub(DRDO being head quartered here)

DRDO's headquater = DRDO Bhavan, New Delhi not in Hyderabad.

Prodigist

June 3rd, 2011, 04:46 PM

DRDO's headquater = DRDO Bhavan, New Delhi not in Hyderabad.

Sorry, I dint exactly mean head quarters but i meant its the hub of missile development and manufacturing & chemical engineering..

Prodigist

June 3rd, 2011, 04:51 PM

Creating an eye-capturing business

4G Identity Solutions a pioneer in iris biometric tech

K Rajani Kanth / Hyderabad June 3, 2011, 0:32 IST

By deploying the first proof of concept for the UID project, 4G Identity Solutions became the first company to introduce the iris biometric technology in India

It took 39-year-old Sreeni Tripuraneni, a well-trained vascular surgeon in the UK, just over two years to completely study the efficacy of the iris technology (the iris is the coloured part of the eye surrounding the pupil), the algorithms for which were patented by John Daugman, professor at the University of Cambridge, back in 1994.

Though Tripuraneni embraced the iris biometric technology for patient recognition in the UK a decade ago (in 2001), he now takes pride in the fact that his company – 4G Identity Solutions – is the first to have introduced it closer home by deploying the first proof of concept for the unique identification (UID) project in March 2010.

“Post the completion of my medical informatics course at the University of Bath, I started working on electronic patient records and how to use biometrics to identify a patient brought to an emergency room in a state of shock. My task was Herculean – getting to know the patient, his past medical history and blood group, and start quick treatment in the Golden Hour (the first hour of treatment, in medical terminology). In 2001 I found that iris was one of the most unique biometrics technologies, and since then I have been working on it,” recalls Tripuraneni.

Full of ideas and a fire in his belly, Tripuraneni came back to India in 2003 and started interacting with politicians and bureaucrats on home turf to understand government systems here. He found that governments were having problems in extending distribution of welfare schemes and those below the poverty line (BPL) had no access to state welfare programmes.

Keen to grab a piece of this niche demand, Tripuraneni made his boldest gamble: He set up 4G Identity Solutions (whose tagline says it all – ‘Authentic People, Unique IDs’), and became an exclusive licensee to US-based Iridian Technologies (to whom John Daugman sold his patent) for the Indian market.

“When I decided to come back to India, I thought of bringing the best technology to a country like this, where we have a huge population of BPL people, and where governments spend billions of rupees to eradicate poverty but none of this reaches the target audience. So, I thought the iris technology would help governments streamline their systems,” the chairman and chief executive of 4G says matter-of-factly.

Walking down memory lane, the doctor-turned-entrepreneur says his company made its first deployment to the Andhra Pradesh civil supplies department in 2005, cleaning up 5.6 crore people's irises and a demographic data base of 8.2 crore people, eliminating duplication from the data base.

“The technology helped the AP civil supplies department save more than Rs 1,000 crore per annum through this Rs 30 crore contract awarded to us. This is clearly evident in their budget reduction from 2009 until now. While the budget of the department was Rs 3,500 crore in 2009, it was reduced to Rs 3,000 crore in 2010 and Rs 2,400 crore this year,” Tripuraneni adds.

Flush with the success of the maiden deployment, 4G Identity integrated the iris technology with other programmes of the Andhra Pradesh government, including one to identify the real beneficiaries of Rajiv Gruhakalpa, a housing scheme for the low-income urban population. Then followed a similar project using multiple-biometrics (both iris and fingerprinting) for a UN-funded World Food Programme scheme in Odisha’s Rayagada district.

“Having tasted success with these projects, we had implemented the technology for several states, including the AP Police and the Delhi Home Guards for recruitment. Corporates too have a big problem in identifying prospective employees while recruiting, as some use fake identities for getting employment. Reliance Industries Limited and ADP (in Hyderabad and Pune) are two such stories,” Tripuraneni says, adding that the company has begun a dialogue with other state governments for replicating the implementation of iris technology in their public distribution systems (PDS).

“PDS is important to any state government and officials from Gujarat and Chhattisgarh have already visited our Hyderabad office and looked at our solutions. We are shortly going to close an order in Sikkim for their PDS which covers 600,000 people, the execution period of which is six months. We are also working with the ministry of home affairs for border management.”

For 4G Identity Solutions, the icing on the cake, however, came in the form of the UID in March 2010. The project had begun shaping up and they wanted to see how the biometrics (iris and fingerprints) worked on the ground. 4G was the first company to give a proof-of-concept to UID officials for enrollment and later ran it in the Medak and Krishna districts of Andhra Pradesh.

But why did the UID Authority choose the iris technology? The answer: “The iris is the only internal organ which we can see from outside, but we cannot touch it as it is behind the transparent cornea. Its growth in the mother's womb stabilises by the age of 12 weeks and it will not change after that throughout a human's life time. It is also very rich in features, having 256 different reference points (unique points to take samples), compared with finger prints that have 35 reference points. It is a fool-proof technology, much faster to deploy and can be used for real time identification.”

For enrollments to the UID or for other state government-run initiatives, 4G uses an iris recognition system complete with video camera to capture the sample and store it in a data base, which can be scanned through millions of samples to get an accurate identity.

As an empanelled agency for the UID project, 4G Identity is now working in six states for the Department of Posts, three states for State Bank of India, six circles for the Union Bank of India and for the government of Sikkim. Tripuraneni says the Central government has a target of enrolling 60 crore people by 2014 and the remainder in three years from then. “Internally, we, as an empanelled agency, have set a target of completing four crore enrollments this year,” he adds.

4G Identity Solutions is a big beneficiary of various state government initiatives and the Centre's UID project. The company clocked Rs 55 crore in revenues in the last financial year, 95 per cent of which came from the government sector. "We currently have an order book of Rs 200 crore, to be executed by the end of March 2012. So, we will be a Rs 250-crore company by the end of this fiscal," says a beaming Tripuraneni.

However, things will change when the UID project is completed and wound up, he says. Once the unique IDs are issued to all citizens, corporates too will get a piece of the action. The country will see more corporate applications of iris technology, especially in the banking, insurance and healthcare sectors for checking address proofs, identifying policy holders and the right nominees. “We will be tapping that sector. This business (iris technology) will grow to some thousands of crores of rupees in the next 10 years or so,” he predicts.

Tripuraneni thinks that state governments are more proactive in terms of embracing the iris technology, for the simple reason that it is they who are in touch with citizens, and not the Central government.

“States are answerable to citizens and so they have more responsibility to deliver welfare schemes in time. So, wherever there is a strong political leadership, they are thinking beyond. Many chief ministers in the country are proactive in adopting such technologies to deliver and monitor schemes,” he adds.

4G Identity is also planning to take wing and expand its business to the US and the UK this year, to start with. "Now that we have created success stories here, we will be opening offices in the US and UK and explore opportunities there. We have already got an order from one of the African countries -- Republic of Chad -- for military identification, which will take six months from now to complete. Also, inquiries are coming in from south Asian countries like Sri Lanka, Bangladesh and Nepal, and from African countries. We are currently in discussions with them," he says.

“Iridian Technologies was acquired by US-based L1 Identity Solutions Inc, which was later bought by French conglomerate Safran Group's Sagem. Professor Daugman's patent will expire in July 2011, post which it will be an open-market technology. Hence, it will not be a hindrance for us to enter the US or the UK market,” he adds.

rizwan3

June 4th, 2011, 10:57 AM

http://www.hindu.com/2011/06/03/stories/2011060360690400.htm

Demand for commercial space up

Observers attribute the demand to expansion of retail industry

Wal-Mart, Aditya Birla, Spencers, and Metro planning expansion

Office space rentals too have come down to a more agreeable level

HYDERABAD: The real estate sector while worried over the lack of recovery on residential space front has some thing to feel good about the commercial and office spaces.

Slowly yet steadily, these two segments have not only managed to come back in demand and according to the industry, look poised to keep growing this year. The main impetus has been provided by the retail industry which has come to spread its activities widely across the city and also the suburbs.

“A lot of super markets and retail outlets have opened up in the last year while some are in pipeline and more are scouting for adequate space in proper locations to open their outlets. This has really given a positive thrust to the commercial real estate,” says a developer.

The requirement for retail sector too had changed with the stress being on bigger and spacious ones. Since the rentals and lease prices happens to be more realistic compared to few years back, spaces to the tune of 60,000 sft and with preference for 15,000 sft floor plates were being sought.

From Wal-Mart to Aditya Birla, Spencers and Metro are all looking at expansion across the city and also the suburbs, says K.Sreedhar Reddy, director, Megasri Constructions and an office bearer of A.P. Real Estate Developers Association (APREDA). “Coming months are going to witness a major growth as different revenue sharing models are also in the pipeline on the retail side,” he says.

The office space rentals too have come down to a more agreeable level, says those in the real estate industry. The bare shell office space is now available at around Rs.30 per sft while the plug and play comes at around Rs.55 per sft. “During the boom time, the bare shell came at Rs.60 to Rs.65 per sft and the plug and play demanded more than Rs.80 per sft,” says Mr. Reddy.

Even the food industry is keen on expansion here and some of the leading brands are said to be scouting for appropriate spaces to launch drive-ins, a concept which could well catch up in the city.
:)

ygvjs2000

June 4th, 2011, 05:58 PM

Yes, Hyderabad is a defense technology hub. DRDL and Bharat Dynamics is based out of hyderabad and even DRDO has a major presence. here.
Sorry, I dint exactly mean head quarters but i meant its the hub if missile development and manufacturing & chemical engineering..

ygvjs2000

June 7th, 2011, 04:55 AM

source: http://www.indiaprwire.com/pressrelease/real-estate/2011060688530.htm
The Prestige Group takes the realty world by storm; secures a record number of International Awards .
Asia-Pacific International Property Awards

Best Development (Multiple units) for Prestige Royal Woods (Hyderabad)
Best Apartment for Prestige White Meadows
Best Development Marketing for Prestige White Meadows
Best Residential Property Interiors for Prestige White Meadows
Best Mixed Use Architecture for Prestige Shantiniketan
Mixed Use Development for Prestige Shantiniketan
Best Retail Architecture for Forum Value Mall
Best Retail Development for Forum Value Mall
Best Office Architecture for Cessna Business Park
Best Golf Development for Prestige Golfshire
Best Golf Course for Prestige Golfshire

Prodigist

June 7th, 2011, 06:52 PM

SOMA HYDERABAD CITY CENTER(MALL CUM BUS TERMINAL), RTC 'X' ROADS
http://img807.imageshack.us/img807/7991/somacitycenter.jpg

The mall, with a gross leasable area of 4.9 lakh sq.ft, is expected to become operational in Q3 2013. Built at a cost of 589 crores, it is expected to be readt by Q2 2013.

Retailers who have confirmed their arrival at the mall include Westside, Globus and Cinepolis, among others.

From The Hindu June 6,2008 (http://www.hindu.com/2008/06/06/stories/2008060659850400.htm)
The APSRTC in a bid to commercially exploit its vacant lands, identified its old head office premises in Musheerabad to construct a multiplex cum RTC Bus Terminal.

Based on the project report submitted by M/s Urban Mass Transit Company Ltd., it invited open tenders for the project to come up in 9.14 acres of prime land in Musheerabad. APSRTC awarded the project to M/s Soma Enterprises Ltd.

The multiplex cum modern multi-platform city bus terminal with all amenities will be under BOT scheme for 33 years.
The developer on Thursday presented the cheque of Rs.6 crore to the APSRTC Vice-Chairman and Managing Director V.Dinesh Reddy towards project development.
http://img37.imageshack.us/img37/9265/somah.jpg

World8115

June 10th, 2011, 08:14 AM

:cheers:

avinash2060

June 14th, 2011, 01:00 PM

Leading infrastructure development company Phoenix Group has announced plans to invest Rs 2,000 crore in various upscale residential projects, including Rs 350 crore in Golf Edge, a mixed use project launched in Hyderabad, which will have a five-star hotel and high-end residential apartments. Further, Phoenix Group is looking to launch similar projects in tier I, II and III cities in Andhra Pradesh, Tamil Nadu and Karnataka over the next five years, the company said in a statement.

“Given our confidence in its long-term economic development Phoenix is continuing to invest in the southern Indian region. With projects close to Rs 10,000 crore in the pipeline, the Phoenix has seen consistent business growth in the past nine years having developed more than 2.5 million sq ft area of upscale real estate properties. We hope to continue our growth by introducing iconic infra properties in the South Indian market to cater to the growing needs of the value for money Indian consumers,” Suresh Chukkapalli, chairman, Phoenix Group, said.

Gopikrishna Patibanda, managing director of Phoenix Group, added. “We are bullish about residential property development market in Hyderabad as we see the potential for outperformance in the real estate market. This is well illustrated in the Group successful investments in the past. In 2005, Phoenix sold its premium luxury apartments at the highest cost per SFT in the history of Hyderabad city’s apartments of Rs 10,000 per sq ft.”

“We’ve always had strong interest from clients around the world to invest in Phoenix projects and already 25 per cent of Golf Edge property has been sold in less than 7 months,” said Patibanda. “The key to our success is to find a model that connects with consumer’s desire and to integrate them. Golf Edge concept offers great growth opportunity for us because this format allow us to tap new set of highly demanding and value for money buyers who do not find premium, integrated, affordable home backed with comfort features to invest. They also look to associate with a developer who promises partnership with owners forever.”

Speaking about the market sentiments and the challenges faced by uncertainty in the marketplace due to political issues in Hyderabad Chukkapalli said, we are not a speculative player we are creating what is required for the market and we are not looking for an exit option. “We are a long term player and we believe in long term customer relationships which is our pillar of success.”

Golf Edge will have 497 apartments of two-bed room, 3-bedroom, duplex ranging from 1,055 sq ft to 3,595 sq ft in high-rise twin towers priced at Rs 60 lakh-Rs 2 crore, working out to Rs 6,000 a sq ft of built-up space. All the apartments come fully furnished and the customers would be provided services support at Rs 4 per sq ft. The hospitality partner will take care of maintenance aspect too, the statement added.
http://www.indianrealtynews.com/real-estate-india/phoenix-group-plans-to-invest-rs-2000cr-in-upscale-residential-projects.html

Gudavalli

September 7th, 2011, 07:49 PM

Despite banks and private equity funds putting pressure on developers to reduce home prices, the National Housing Bank's residential housing index, Residex shows an increase in prices in the April-June 2011 quarter across twelve of the fifteen cities it tracks.

The cities which have shown the maximum increase are Bhopal (33.73%) and Faridabad (33.38%) followed by Kochi (24.30%), Surat (16.60%), Delhi (16.29%), Chennai (13.39%), Hyderabad (9.93%), Bengaluru (5.07%), Mumbai (3.33%), Ahmedabad (2.45%), Lucknow (2.16%), Pune (1.10%).

There has been a rapid increase in the price of land in some of the smaller cities in the country, said RV Verma, chairman, NHB.

A big factor in this increase in prices is the fear that the land acquisition bill, when passed, is expected to increase land prices as it will make acquiring land more difficult.

"So a lot of buyers are not investing in properties outside cities thereby increasing rates within these cities," he adds.

In addition to this, the cost of construction materials has had an impact on the supply side. Prices of homes have gone up even as margins of developers have been squeezed in many cities.

Cities like Faridabad have seen tremendous growth in home prices in the last quarter buoyed by infrastructure growth.

source:et
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cactus_54

September 8th, 2011, 06:24 PM

[QUOTE=Gudavalli;83576240]Despite banks and private equity funds putting pressure on developers to reduce home prices, the National Housing Bank's residential housing index, Residex shows an increase in prices in the April-June 2011 quarter across twelve of the fifteen cities it tracks.

The cities which have shown the maximum increase are Bhopal (33.73%) and Faridabad (33.38%) followed by Kochi (24.30%), Surat (16.60%), Delhi (16.29%), Chennai (13.39%), Hyderabad (9.93%), Bengaluru (5.07%), Mumbai (3.33%), Ahmedabad (2.45%), Lucknow (2.16%), Pune (1.10%).

There has been a rapid increase in the price of land in some of the smaller cities in the country, said RV Verma, chairman, NHB.
According to realestate promoters and brokers in Hyderabad realestate prices have fallen by 20% in hyderabad owing to political uncertainity.In 2007 i could rent out a two bed room flat in Himayatnagar for Rs12000/- per month now in 2011 when i came back to the same area i rented a similar flat for Rs10,000/-I reckon even cost of apartments have come down by more than 20%
http://www.indianrealestateforum.com/images/buttons/quote.gif (http://www.indianrealestateforum.com/newreply.php?do=newreply&p=233698)

Gudavalli

September 12th, 2011, 06:36 PM

Souce: Business-Standard

The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) wants 70,000 acres to be notified for industrial use in the extended area of Hyderabad Metropolitan Development Authority (HMDA), which had recently published the draft master plan.
“We have already identified 25,000 acres of land for this purpose and are in the process of identifying more such suitable lands to be notified by the HMDA,” BR Meena, vice chairman and managing director of APIIC, said here.
About 6,000 acres of land is currently in use under various existing industrial estates developed by the APIIC in and around Hyderabad. An additional 5,018 square km of area around the city has been brought under the HMDA limits by the government. The total area under HMDA now extends to 7,228 sqkm, second largest under any urban development authority in the country after Bangalore city. A draft master plan for the extended areas was recently prepared by the urban body taking into consideration the developmental needs of the city till 2031.
With industry being the economic driver, any failure to earmark sufficient land for industrial purpose in the upcoming urban areas would hamper the development of the city itself, said Meena at a workshop organised by the Confederation of Real Estate Developers Associations of India (Credai) on the draft master plan.
He also said the APIIC was willing to shift the existing industrial estates into the extended areas of HMDA as they are now surrounded by residential areas and often been criticised for pollution problems. Identification of separate areas for locating highly polluting, polluting and non-polluting industries needs to be worked out based on various parameters, according to him.
The APIIC is also planning to focus on optimal utilisation of land allotted to industries as it is a limited resource. The scope for the development of all the existing industries located in the city including pharma, IT, defence components and aerospace industry needs to be extended, he said.
Hyd population may reach 20 million
Though the city planners projected a population of 18.4 million in Hyderabad by 2031 the figure could cross 20 million as the HMDA took the 2001 census figures as the basis for preparing the master plan for the extended areas of its authority, according to Rajeshwar Tiwari metropolitan commissioner of HMDA.
He said the new master plan was based on modern day concepts of city development and each aspect of developmental needs were taken care of in its preparation.
The HMDA has extended the time for receiving suggestions on the draft master plan by another two months to October 22, 2011.

cactus_54

September 13th, 2011, 12:48 PM

Souce: Business-Standard
This is mere day dreaming.APIIC again indulging in the same sorts of things which they did in 2004.Now they are in deep trouble what with this EMMAR deals proving to be scam that bled the state dearly of its resources.Coming to this acquisition of 70,000 acres who will come forward to sell to APIIC after all that happened in the past.APIIC does not have resources to buy huge chunks of lands in the extended area called HMDA which is supposed to be the second largest urban area next to Bangalorewhen both Bangalore urban and Bangalore rural is around 5000sqkm only.Rajeshwar Tiwari saab hyderabadiyon ko badon me math lao :lol:

Panorama Hills

September 22nd, 2011, 12:08 PM

Vizag (http://www.shrirampanoramahills.com/panoramahills_Pages_The_Climate.aspx) is home to manufacturing facilities of large public sector undertakings like Hindustan Shipyards, Hindustan Petroleum, Hindustan Zinc, Bharat Heavy Plate and Vessels, Coromandel Fertilizers, and India’s first port-based steel plant, the Rashtriya Ispat Nigam. The city plays a vital role in the economy of Andhra Pradesh, Hyderabad. So investing in Vizag real estate (http://www.shrirampanoramahills.com/panoramahills_Pages_The_Investment_Scenario.aspx) always pays you off in a greater way.

http://www.shrirampanoramahills.com/Appimages/1/Gallery/Large/15.jpg

Panorama Hills

September 22nd, 2011, 02:36 PM

Visakhapatnam being a industrial apart from port city it is also close to the naval command. Tourism in visakhapatnam is on high spirits due to this people come for vacations and spend much time. Also it is home to state owned heavy industries and one of the country's largest port and shipyard. Apart from this small and large software companies have announced development and outsourcing cnetres in visakhapatnam. Due to this there is great demand risen for Property in visakhapatnam (http://www.shrirampanoramahills.com/panoramahills_Pages_Profile.aspx). And so there is a vast increase in the population. With that there is great revamping being done for real estates in visakhapatnam.

For more details regarding Real Estate in vizag (http://www.shrirampanoramahills.com/)

Gudavalli

September 28th, 2011, 04:59 PM

Source: http://www.thehindubusinessline.com/industry-and-economy/economy/article2493318.ece

Hyderabad, Sept. 28:
The Andhra Pradesh Real Estate Developers Association (APREDA), the apex body of real estate companies in Andhra Pradesh, today said that the market sentiment is better now compared to few quarters ago with genuine buyers back in the hunt for properties and speculative buying totally missing.
The focus of several of the large real estate developers has also been to take up affordable housing projects along with their respective existing projects. This has created excitement and opportunity for buyers as the prices have been quite stable after hitting their lows, according to Mr Bhawarlal Jain, Executive Vice President of APREDA.
Addressing a press conference here today, Mr Jain said that the Property Show held here last year amidst agitation and general slowdown managed to attract about 98 exhibitors. This year, the show is set to be larger with more than 80 per cent of the 196 plus stalls already booked for the show.
Several large real estate developers have been taking part in the event. Coinciding with the APREDA Property Show on October 15-16, Foundation for Futuristic Cities (FFC) today announced that a global summit on Vibrant Cities for a Vibrant Economy will be held. The focus of the initiative is to ensure all round development of cities, according to Ms. Karuna Gopal, President of FFC.
“The aim of the conference and the event is to try and make Andhra Pradesh a sustainable and global place to live by adopting best practices from across the world. As vibrant cities create vibrant economies, there needs to be greater focus on urban areas to ensure that the infrastructure grows and keeps pace with the general city and economic growth,” she said.

ranga

September 29th, 2011, 11:11 AM

^^
Entire Telangana is standstill including Hyderabad.Seventeen days sakala jana samme and still continuing has shattered Hyderabad's economy beyond redemption.this is the price the telugus pay to show love and respect to sonia :nuts:

Sienna

September 29th, 2011, 05:26 PM

ygvjs2000

September 29th, 2011, 06:55 PM

you can expand the list. Not just telugu entire India is fedup with UPA, rubber stamp PM, Italian monster and chidambaram.
^^
Entire Telangana is standstill including Hyderabad.Seventeen days sakala jana samme and still continuing has shattered Hyderabad's economy beyond redemption.this is the price the telugus pay to show love and respect to sonia :nuts:

Gudavalli

October 4th, 2011, 04:46 PM

Source: http://economictimes.indiatimes.com/news/economy/infrastructure/demand-for-homes-in-major-cities-to-outpace-supply-by-130-in-the-next-five-years-cushman-wakefield/articleshow/10234002.cms

NEW DELHI: There will be a shortfall of 1.3 million housing units in the country;s top seven cities over the next five years, says a new Cushman & Wakefield (http://economictimes.indiatimes.com/search.cms?query=Cushman%20&%20Wakefield) and Global Real Estate (http://economictimes.indiatimes.com/search.cms?query=Real%20Estate) Institute study. The report estimates the total demand (http://economictimes.indiatimes.com/search.cms?query=demand) in five years to be 2.3 million units while the supply (http://economictimes.indiatimes.com/search.cms?query=supply) will only be of around 1 million homes (http://economictimes.indiatimes.com/search.cms?query=homes).

The report analysed demand for top seven cities-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata. The demand for the entire country will be close to 3.94 million housing units, growing at a CAGR of 11%.

Of the 2.3 million units in the top seven cities, NCR is expected to record the highest demand of over 700,000 units, while Mumbai is expected to see the highest CAGR of 14% between 2011-15. Bangalore is expected to see a demand of approximately 287,000 units in this period. This demand will emerge primarily because of significant migration into tier I cities.

"The present economic situation may be viewed as a transitory point for the real estate dynamics in India. Although, the market looks positive in the medium term with considerable demand across sectors, the industry seems to be affected by the rising interest rates, rise in construction costs and inflation. However the long term perspective suggests that the sector will continue to witness demand in all as," says Anurag Mathur, managing director, Cushman & Wakefield India.

The report points out that this anticipated demand is likely to push property prices upwards, especially in markets like NCR, Mumbai and Bangalore where the demand supply gap will be very high. On the other hand, the tier II cities such as Pune, Hyderabad, etc, as a result of the relatively lower demand supply gap between 2011-15 in tier II cities, are likely to see appreciation of capital values at a slower pace compared to the tier I cities during this time period.

In the top seven cities, 45% of the demand will come from the mid-ranged housing segment. Most developers in these cities are focusing on the mid-range segment, which will reduce the demand-supply gap. In the affordable housing (http://economictimes.indiatimes.com/search.cms?query=affordable%20housing) segment, though, this game will increase further as the demand will be almost three times more than the supply in the next five years. "We understand that majority of the supply will be for mid ranged housing, however, there is a very large latent demand for lower income group and economically weaker sections housing," says Akshay Kulkarni, executive director, Cushman & Wakefield India.

Gudavalli

October 12th, 2011, 08:19 AM

Source: http://economictimes.indiatimes.com/markets/real-estate/realty-trends/office-space-supply-to-exceed-demand-by-2015-says-cushman-wakefield-and-global-real-estate-institute-report/articleshow/10320929.cms

MUMBAI: Office space (http://economictimes.indiatimes.com/search.cms?query=Office%20space) market in India's top seven cities will see total supply of nearly 243 million sq ft by 2015 and this would be 17% higher than estimated demand, indicating a clear oversupply, Cushman & Wakefield and Global Real Estate Institute (http://economictimes.indiatimes.com/search.cms?query=Global%20Real%20Estate%20Institute) said in a report.

In Mumbai, supply at 78 million sq ft is expected to outstrip demand by 125% by 2015-end and is expected to experience some downward pricing trend going forward, the report said. Of the seven cities - National Capital Region, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata - only Bangalore will see demand for office space exceeding supply.

Bangalore will witness the highest demand of approximately 57.30 million sq ft followed by 34.4 million sq ft in National Capital Region (http://economictimes.indiatimes.com/search.cms?query=National%20Capital%20Region) and 33.9 million sq ft in Mumbai.

However, during this period, cities like Kolkata, Hyderabad and Chennai are expected to see a better rate of growth compared with others.

In the next five years, the highest estimated supply of grade A office will be witnessed in Mumbai followed by 40 million sq ft in NCR, 30 million sq ft in Chennai and 29 million sq ft in Pune.

"As the supply will be exceeding the demand for commercial office spaces in the next 5 years this may lead to increase in vacancy. The corporate clients in such a scenario will look for better value proposition in terms of rents, maintenance cost, parking etc, while expanding and consolidating operations," said Arvind Nandan (http://economictimes.indiatimes.com/search.cms?query=Arvind%20Nandan), executive director, Consultancy Services, Cushman & Wakefield India.

Chennai is estimated to be the most active market for real estate with the highest demand growth of 15% compounded annual growth rate during next five years. Kolkata is expected to have lowest demand-supply gap owing to reduced pace of supply and second highest growth in demand during the period.

Gudavalli

October 15th, 2011, 08:30 PM

Source: http://www.thehindubusinessline.com/features/investment-world/article2540771.ece?ref=wl_features

The city will continue to be a favoured destination for investments due to its unique infrastructure, and real estate prospects are good despite the Telangana agitation.

The month-long agitation for a separate state of Telangana has impacted the overall sales volumes of the real estate business in the twin cities of Hyderabad and Secunderabad and surroundings areas.
The ongoing agitation is often tending to slowdown the decision-making process of buyers, as they feel there could be potential for further downside in prices if a separate Telangana is carved out of Andhra Pradesh.
But the fact remains that prices cannot go down any further as they have hit their lows and input and labour costs have gone up. Therefore, chances of prices falling further are bleak, a spokesperson of Andhra Pradesh Real Estate Developers Association (APREDA) said.
Various real estate bodies, such as APREDA, Builders Forum, and the Confederation of Real Estate Developers' Associations of India (CREDAI) arm here, are all of the view that the best thing for the real estate sector, or for that matter the rapidly growing Hyderabad metropolis, would be to remove the uncertainty regarding the issue of creation of separate Statehood.
It doesn't matter if a separate State is carved out or there in no decision regarding that. But it will certainly impact business and buyers' sentiment if this uncertainty continues. It is on for several years now. They tend to postpone the decision when they are unsure of the outcome. Regardless of if Hyderabad is made a separate territory or is part of AP or Telangana, investments would come in, they believe, refraining to get into further conversation on this politically-sensitive issue.
However, the festive season spark beginning from Dussehra right up to Deepavali festive season, when people tend to buy homes, cars and electronic items and generally splurge, is relatively less.
FAVOURED DESTINATION

Just when things were looking up for the real estate sector, with some of the property developers jacking up prices by Rs 50 to Rs 200 per square feet, after a prolonged subdued phase, the agitation has impacted the overall business sentiment and also that of the buyers, according to a cross-section of real estate players.
But most people believe that Hyderabad will remain a favoured destination for investments for its various unique attributes — be it the new international airport, the rapidly-growing urban infrastructure, satellite townships, cosmopolitan lifestyle and culture, and large employable talent pool for the services sector, according to representatives of APREDA.
The President of APREDA, Mr Prem Kumar, said prices have bottomed out, but input costs have gone up significantly. We don't see much downside from here. On the contrary, prices could firm up. Therefore for buyers, who are keen to acquire a property, there should be no reason to postpone.
The Chairman of Manjeera Group, Mr G. Yoganand, said, “The real estate market overall is hard but there continues to be a demand for well-designed and attractively-priced properties, be it villas, apartments or commercial establishments. The demand is there, but due to uncertainty, people tend to delay decisions. We are passing through this phase temporarily.”
Hyderabad is basically a services sector growth-driven market. It attracts more people and companies into business, be it IT, hospitality or other services sectors. The infrastructure is getting better by the day.
“Sometimes, people tend to stay away due to stirs. But the city fundamentals, such as good infrastructure, will lure them again,” he said.
“Setting up of new projects, such as the new international airport and educational institutions around Hyderabad and new IT projects in the suburbs creates new jobs that attract people to invest. This will happen again, even though we may see a subdued phase,” Mr Yoganand added.
DEMAND-SUPPLY GAP

Mr D. R. Patnaik, General Manager, Ramky Estates, part of the Ramky Group, said that APREDA and Builders Associations are confident that the real estate prospects are good in spite of temporary glitches due to agitations. But the housing sector needs clear segmentation, with a focus on affordable and mid-market housing category too.
“In fact, it may not be off the mark if all major builders take to these segments that will help keep their business steady, as there is always a demand for them.
Significantly, the luxury villa segment has shown growth of approximately 18 per cent. Apart from affordable segment housing, those taking up mid-market housing and are choosy regarding locations will do well,” Mr Patnaik said.
“But, generally, it is believed that unless there is speculative buying, which is vital to keep prices firm, the market sentiment is likely to be subdued. Most of the major metros, and even cities within Andhra Pradesh besides Hyderabad, have seen prices firming up after hitting lows a couple of years ago, after the real estate slowdown. But this hasn't happened in Hyderabad,” Mr Prem Kumar felt.
According to real estate consultants Cushman & Wakefield, a total demand of 2.3 million units of residential property is likely in the next five years, and the estimated supply is likely to be approximately one million, leaving a gap of approximately 1.3 million. In its recent report ‘Embracing Change — Scripting the future of Indian real estate,' the report analysed the top 10 cities, with each city reflecting a different pattern.
Unlike upward pressure on prices in cities such as Mumbai and Bangalore, where the supply is less, Hyderabad may see a lower demand-supply gap, therefore it is unlikely to see appreciation of capital values.
In another report, Cushman & Wakefield, while discussing commercial property, stated that Hyderabad, along with Chennai and Kolkata, would see a little gap between demand and supply, due to more cautious and planned developments, supported with the higher growth potential of demand.
APREDA mentioned that business sentiment is better, and some of the developers are looking at launching new projects after a subdued phase.
It feels the mega property show it is hosting from October 15-16 would provide the necessary excitement for prospects.

Gudavalli

October 19th, 2011, 05:03 PM

Source: http://www.indiainfoline.com/Markets/News/Knight-Frank-releases-in-depth-research-study-on-Indias-Manufacturing-sector/5269920733

Knight Frank Research gives growth estimates of the driver industries of these states, over the next 5 years, shall translate in to a land requirement of approximately 1,72,000 acres.

Leading independent global property consultancy – Knight Frank India Pvt Ltd today announced the release of their in-depth research study on India’s Manufacturing sector.
This report provides extensive scenario of the states of Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu that are identified as the leaders in manufacturing capabilities. Knight Frank Research gives growth estimates of the driver industries of these states, over the next 5 years, shall translate in to a land requirement of approximately 1,72,000 acres.
The report highlights that over the past ten years engineering and chemical industries have witnessed the highest growth and petroleum has emerged as the largest industry in the country. During the next 5 years, petroleum sector will continue the lead in terms of growth in Andhra Pradesh, Karnataka and Maharashtra. Metal and metal fabrication in Gujarat and automobile in Tamil Nadu will be the torch bearers in terms of the growth going forward.
Commenting on the launch, Prakrut Mehta, Executive Director, Knight Frank India said, “This report will serve as a guiding light for investors and industrialists interested in participating in the promising India’s manufacturing story over the next decade. Our analysis clearly indicates that industrial output of the major industries in Maharashtra over the next 5 years will touch Rs. 15,35,100 crores from the current Rs. 6,19,400 crores. Further, the focus on automobile industry, which has been promoted extensively in regions like Pune, Nagpur, Aurangabad and Nasik, has placed it amongst the leading drivers of the state’s economy. Manufacturing sector growth in Maharashtra would result into a land requirement of 43,623 acres”
Commenting on the research report Dr. Samantak Das, National Head – Research, Knight Frank India said, ““Our research shows that petroleum industry dominates the industrial scenario in Gujarat, Karnataka and Maharashtra and we estimate that these sectors will continue their lead in 2016. Similarly, automobile industry leads the industrial activity in Tamil Nadu and this lead will be maintained in 2016. However, the industrial landscape in Andhra Pradesh is poised to witness a transformation as the lead of food processing industry will be taken over by petroleum industry in 2016. This will happen as the growth rate of 28% CAGR for petroleum industry will surpass the 17% growth of the food processing industry”.
The report presents all the basic information required to setup an industrial unit such as promotional bodies, approval processes and timelines, industrial policies and focus sectors, top industries and details of major industrial destinations. The study covers an in depth inter temporal performance analysis of the major industries in Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu. Through an objective methodology these states have been identified as the most industrialized states that also offer a great future potential.
Knight Frank Output Specialization Matrix, an interesting dimension to the report, has been employed to throw light on the relative performance of an industry in the state as compared to the performance of that industry across the country. In Maharashtra, automobile and petroleum industry has found a place in the ‘outperform’ quadrant on account of a consistent output specialization compared to the rest of India

Nilotpal

October 20th, 2011, 02:46 PM

A complete info regarding the economy and real estate status under a same roof. Very appreciative contribution of each each member of this forum.

ranga

October 20th, 2011, 05:42 PM

Source: http://www.indiainfoline.com/Markets/News/Knight-Frank-releases-in-depth-research-study-on-Indias-Manufacturing-sector/5269920733

Will Hyderabad retain the so called sparkle even after Telengana state is formed?

murlee

October 20th, 2011, 05:47 PM

Definitely!! People didn't invest in Hyd because it is a part of A.P but because of the inherent strengths of the city called 'Hyderabad'. All it needs is a quick resolution to the problem.

ranga

October 20th, 2011, 05:58 PM

Source: http://www.thehindubusinessline.com/features/investment-world/article2540771.ece?ref=wl_features

Cushman &wakefeild report or forecast is always way off the mark.U can see this from next year itself as there will be huge unsold stock of reality in Mumbai,NCR and Bangalore.Infact Bangalore will be in for a shock as there will be steep decline for A grade office space owing to economic slow down in the developed countries and the reality industry will grapple with huge unsold commercial space and the debilitating affect on the finances of the Reality companies.In one way the telengana agitation and the low activity in the realestate sector in hyderabad is blessing in disguise for the reality companies in Hyderabad.

ranga

October 20th, 2011, 06:13 PM

Definitely!! People didn't invest in Hyd because it is a part of A.P but because of the inherent strengths of the city called 'Hyderabad'. All it needs is a quick resolution to the problem.

Not exactly.I am an hyderabadi born and bred in hyderabad for the past 63 years yet i would say that Hyderabad inherent strenghths (If any) was fortified after it became the Capital of a larger state called A.P thereby attracting investments from the resourceful people of coastal Andhra.Even in the eighties i never thought that Hyderabad will grow so big as it is today.It would not have been if it was just the capital of Telengana.I am saying this because i was born in Hyderabad state saw formation of A.P grew along with it and know who are responsible for the growth of Hyderabad city and its surrounding but not the Telengana districts which remained backward.In fact seemandhras neglected their regions too for the sake of Hyderabad.Only vizag could become an industrial town because of sea port covering large hinterland.

murlee

October 20th, 2011, 06:18 PM

well.. Didn't Hyd have a strong Defense related industry base even b4 the IT boom??

Anyways, the point is, Hyd is not in 1980s anymore. It is one of the top 5 cities in India and has enough momentum to sustain the growth story.

It just needs a clear solution. Industry won't care whether Hyd is part of AP or telangana now.

great india

October 20th, 2011, 07:42 PM

Even if a new state is formed, there is nothing stopping the andhra people from coming to Hyderabad to seek employment...

Gudavalli

October 20th, 2011, 11:30 PM

Source: http://www.thehindubusinessline.com/companies/article2554980.ece

Hyderabad, Oct. 20:
The Ramky Group today announced its new non-profit venture that seeks to develop entrepreneurs holding, guiding and possibly provide seed funding during their growth path.
The Hyderabad-based diversified group, which is into real estate, infrastructure, pharmaceuticals, environment protection solutions and services, now plans to support and nurture aspirants through seed capital funding and necessary guidance, according to Mr Ayodhya Rami Reddy, Chairman of Ramky Group.
Addressing a gathering of budding entrepreneurs, Mr Reddy said that some of the corporate entities such as IL&FS, IFCI, Shriram Group and few others have also evinced interest in being part of this initiative.
Narrating his own experience and the early days of the Ramky Group set up about 15 years ago, Mr Reddy said that he had to run from pillar to post even to secure basis support or advice. It was even tougher to get bank guarantees for new projects let alone private equity funding and debt from banks who were vary of supporting a start-up.
“The situation is lot different now but yet youngsters with great ideas and drive struggle to get right advice and support. Therefore, Ramky Group has taken this initiative,” he said.
The Ramky Group now works with more than 12,000 corporate houses, 35,000 hospitals and 35/40 municipalities in the country.
“By channelising all this through a separate body, we would be able to hand-hold them during crucial phase of their entrepreneurship. In fact, this is something no management school would train or teach but that comes through experience,” he felt.
Administered by ADR Advisory Services, it has the Federation of Indian Export Organisations, joining in his initiative along with the Confederation of Women Entrepreneurs.

ygvjs2000

October 21st, 2011, 02:31 PM

Yes, everybody are only waiting for the quick resolution from the central government. We do not care if it is a part of telangana or AP.

well.. Didn't Hyd have a strong Defense related industry base even b4 the IT boom??

Anyways, the point is, Hyd is not in 1980s anymore. It is one of the top 5 cities in India and has enough momentum to sustain the growth story.

It just needs a clear solution. Industry won't care whether Hyd is part of AP or telangana now.

Gudavalli

October 22nd, 2011, 09:00 AM

Source: http://www.menafn.com/qn_news_story.asp?storyid={28ae0a29-1702-4300-a7a6-8f910fd28d6e} (http://www.menafn.com/qn_news_story.asp?storyid=%7B28ae0a29-1702-4300-a7a6-8f910fd28d6e%7D)

Gudavalli

October 22nd, 2011, 05:59 PM

Source: http://www.thehindubusinessline.com/industry-and-economy/economy/article2562312.ece

Hyderabad, Oct 22:
The Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, today stated that Andhra Pradesh is confident of achieving a growth rate of 10 per cent during the XII Plan period.
Addressing the National Development Council (NDC) meet today at Delhi, Mr Reddy said the corresponding sectoral growth targets would be 6 per cent for agriculture, 10.5 per cent for industry and 11.5 per cent for services.
According to a statement from the Chief Minister’s Office, Mr Reddy said the minimum support price fixed for foodgrains should compulsorily take into account the scientifically calculated cost of cultivation while being remunerative to farmers. He felt this is specifically relevant to AP since the State substantially contributes to the national food requirement and food security.
Covering the important aspect of storage of foodgrains, the Chief Minister sought additional 25 lakh tonnes of storage capacity in the State, which he contended was in the broader interest of the nation.
Glossing over the Jalyaganam project, Mr Reddy mentioned the State had taken up 86 irrigation projects with a massive outlay of Rs 1.86 lakh crore. This outlay covers creation of new ayacut, stabilisation of existing areas under cultivation, modernisation and flood control works taken up in a comprehensive manner.
He said AP ranks high in meat and egg production and accounts for 40 per cent of fishery export.
During the luncheon meeting with the Prime Minister, Dr Manmohan Singh, he wanted the Centre to increase remunerative prices to farmers and also wanted to declare both the Polaravam and Pranahitha-Chevella as national projects.

Gudavalli

October 22nd, 2011, 06:01 PM

Source: http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/kiran-kumar-reddy-seeks-centres-nod-for-laying-gas-distribution-network/articleshow/10453658.cms

NEW DELHI: Andhra Pradesh today sought the Centre's permission to lay extensive gas distribution network (http://economictimes.indiatimes.com/search.cms?query=gas%20distribution%20network) to take natural gas sourced from the state and the adjoining Bay of Bengal (http://economictimes.indiatimes.com/search.cms?query=Bay%20of%20Bengal) to the intended beneficiaries.

In his speech at the NDC Meet, State Chief Minister N Kiran Kumar Reddy (http://economictimes.indiatimes.com/search.cms?query=N%20Kiran%20Kumar%20Reddy) said the state Government has decided to obtain "maximum benefit of this important natural resource which at the moment, is moving to other parts of the country for lack of connectivity development."

"We have good demand within our state and we have approached Government of India (http://economictimes.indiatimes.com/search.cms?query=Government%20of%20India) and its regulator to permit us to lay extensive gas distribution network to take the gas to the intended beneficiaries which in turn will optimize our state's economy and propel industrial development," he said.

Stating that Andhra Pradesh and its adjoining sea has become a major source of natural gas for the country, Reddy requested the Centre to take steps to "authorize it immediately" for construction of two trunk pipelines -- Kakinada-Basudevpur-Howrah and Kakinada-Vijayawada- Nellore-Chennai.

"The state government is keen to develop in collaboration with Government of India, a RLING terminal and take active steps in this regard," he said.

The Chief Minister also sought the Prime Minister's "indulgence" in ensuring that it gets "due priority in allocation of natural gas for its "optimal development and to mitigate the difficulties of the power plants and industry which are presently "starved and operate at sub-optimal level for want of natural gas".

S Chigurupati

November 6th, 2011, 04:49 PM

Source: http://timesofindia.indiatimes.com/city/hyderabad/Despite-Telangana-stalemate-realty-price-on-the-rise-again/articleshow/10625839.cms

HYDERABAD: The city's realty rates that have been stagnant for over a year now, are finally witnessing an upward shift. In the last few weeks alone, the rates of several apartments across Hyderabad, which had hit rock bottom in 2009-10, have jumped by a decent 10 to 15%, say market sources. The rise is more evident among projects that are either nearing completion or are ready to occupy, they add.

On this list are, PBEL Property Development India Pvt Ltd's project at APPA junction, Manjeera group's twin ventures in Kukatpally, Nagarjuna Construction Company's apartment complex in Gachibowli, Aditya Homes (P) Ltd's project, 'Aditya Sunshine', in Kondapur, among others. All these ventures, sources say, are now costlier by a minimum of Rs 200 per square feet (sft) with some even charging a neat Rs 400 (per sft) more for their products. The Kondapur venture for instance that was available for Rs 3,200-3,300 per sft until recently is now priced at Rs 3,600 per sft.

"Also, unlike in the past when the rates were negotiable, now they are not," said real estate consultant B V P Raju of Ghar4u Solutions (P) Ltd attributing this sudden revision of rates to the surge in demand for completed projects in the market, post the long-drawn 'T' turmoil. "Customers no longer want to risk their money by putting it in ventures that are just taking off or are not likely to be ready anytime soon, even if they are available at a cheaper rate. Concerned about the agitations resurfacing and stalling work yet again, buyers are skeptical about the fate of such projects. The rush, therefore, is for the ones that are ready for possession," he said.

Predictably, 'Manjeera Trinity' and 'Manjeera Majestic' that are almost complete have more buyers than other ventures, that are still in their nascent stages, around them. And this, despite their slightly expensive price tag (in comparison to others) of Rs 3,500 per sft. But while this emerging trend has city developers heaving a sigh of relief, it has taken some customers by complete surprise as they had hoped that realty rates in Hyderabad would remain low for a longer while, owing to the stalemate over Telangana.

"I recently checked soon-to-be-complete apartments in Lingampally, Hafezpet and Miyapur. And to my surprise nothing below Rs 3,000 per sft was available at any of the sites," said IT executive Shivam Seth adding, "Interestingly, these are the same projects that until six months ago were being sold for as low as Rs 2,500-Rs 2,700 per sft."

And the prices are only expected to rise further, say market analysts. Apart from the 'T' effect, which has pushed the demand for completed apartments, it is also the government's inability to resolve the GO 45 (20% of developed area to be reserved for economically backward classes) issue that has led to this, they said. "Builders are not keen on taking up new projects unless the government revises this unfeasible clause. This has created an artificial shortage in the market leading to a marginal price rise. If this situation continues for long, property rates will soon be up by 20% or more," said C Sekhar Reddy, president, Confederation of Real Estate Developers Association of India, Hyderabad chapter.

Finally some good news for this sector, even though the increase in rate is marginal compared to other metro cities the rate graph has started to move upwards which was constant for last few years.:)

Gudavalli

November 6th, 2011, 07:26 PM

ygvjs2000

November 6th, 2011, 10:18 PM

Hoping for the best!
Good :)

Babji

November 6th, 2011, 11:23 PM

Source: http://timesofindia.indiatimes.com/city/hyderabad/Despite-Telangana-stalemate-realty-price-on-the-rise-again/articleshow/10625839.cms

Finally some good news for this sector, even though the increase in rate is marginal compared to other metro cities the rate graph has started to move upwards which was constant for last few years.:)

... The Kondapur venture for instance that was available for Rs 3,200-3,300 per sft until recently is now priced at Rs 3,600 per sft.

... "I recently checked soon-to-be-complete apartments in Lingampally, Hafezpet and Miyapur. And to my surprise nothing below Rs 3,000 per sft was available at any of the sites," said IT executive Shivam Seth adding, "Interestingly, these are the same projects that until six months ago were being sold for as low as Rs 2,500-Rs 2,700 per sft."

nice bench mark - definitely a positive outlook! :cheers:

Gudavalli

November 8th, 2011, 05:59 PM

Source: http://www.thehindubusinessline.com/companies/article2609545.ece?ref=wl_opinion

Hyderabad, Nov. 8:
Aliens Group, the Hyderabad-based real estate development company, is all set to close a Rs 70 crore (about $16 million private equity (PE) deal), which is part of the funding requirement to meet the Rs 1,000-crore Aliens Space Station project coming up near the IT hub of Hyderabad.
“The project, which plans to develop 2,182 apartments, with a total built up area of about 4 million square feet, will also see the first set of owners being handed over keys of their property,” Mr Sudesh Kumar Sharma, Chief Financial Officer of Aliens Group, told Business Line.
The company has recently restructured the project finance securing a debt component of Rs 70 crore and also private equity component of Rs 70 crore from a US-based PE company. The overall cost of the project has been worked out to about Rs 1,000 crore. It would be completed by March 2014, he said.
“We are comfortable with project funding and 1,300 apartments have already been booked. We are averaging about 30 bookings a month in spite of the general slowdown in the real estate in the country. The company hopes to complete rest of the bookings by the next financial year end,” he said.
“A project with such features if sold in a place like NCR or Mumbai would have fetched nearly three to four times the average cost of sale of Rs 3,000 per sq ft here,” he said.

Prodigist

November 9th, 2011, 08:19 AM

^^ Damn it.. Get ready to be bombarded with full front page ads daily of Aliens Space Station.. Now they've got 70 crores for it.

World8115

November 9th, 2011, 03:16 PM

:lol:

Gudavalli

November 10th, 2011, 01:45 PM

Source: http://ibnlive.in.com/generalnewsfeed/news/pbel-announces-second-phase-of-pbel-city/894607.html

Hyderabad, Nov 10 (PTI) PBEL Property Development India, an Indo-Israeli joint venture real-estate company, today announced the launch of their second phase of the Rs 1,200 crore flagship project PBEL City here. The construction contract for phase-II of the project has been awarded to L&T and valued at Rs 550 crore. The new phase will have two towers comprising 394 apartments with 2 and 3 BHK flats of sizes ranging from 1,160 sft to 1,788 sft at Rs 2,975 per sft, PBEL Property Development (India) Executive Director Anand Reddy told reporters. "Located near the Outer Ring Road (ORR), PBEL City is spread over 26 acres. L&T had also executed phase-I of the project building 363 units," he said, adding the project is expected to be completed by December 2013 and will offer flexi-payment pre-EMI options and 20 different floor plans. PBEL Property Development is a joint venture between Israel's Property and Building Corporation and Electra Real Estate and city-based INCOR Infrastructure. PBEL, which plans to grow as a major developer in the South, has land bank of 110 acre in Hyderabad, Chennai and Mysore and plans of coming up with mixed-use projects in Hyderabad and Chennai in the next couple of months, Reddy said.

carzzz12

November 10th, 2011, 08:25 PM

somehow I will never be in favour of this project... they have so much wrong impression in the hyderabad market in general ... as for as ads are concerned... they are just adding additional free paper for the nearby Idli Dosa Bandi....

^^ Damn it.. Get ready to be bombarded with full front page ads daily of Aliens Space Station.. Now they've got 70 crores for it.

Babji

December 4th, 2011, 04:30 PM

http://www.realestateproarticles.com/Art/7060/278/No-Meaningful-Correction-in-Hyderabad-Real-Estate-Prices.html

No Meaningful Correction in Hyderabad Real Estate Prices
By : James Foster
Real estate price corrections in Hyderabad being prevented by extensive market inefficiencies, cartels and unscrupulous business practices.

In a free market economy, demand and supply create a check on unrealistic prices – at least that is what theory says. So when demand is less, then prices should fall. This is not happening in Hyderabad, though the real estate market has been down for over a year. The correction in pricing has been minimal compared to the unrealistic growth in prices earlier (for several years). Plus, it has not factored in and reduced prices because of the new reality - the reduced number of buyers today and the buying power of the current buyers.

If we look at the US real estate market nationwide statistics, the prices are already down 24% from peak prices. Economists are expecting another 10% downward price revision from peak price in 2009. The peak was reached in 2005. During peak, the price in Hitech city was 4000/- This means, by US standards it should have been around 3000/- now and go down to 2600/- next year. I don’t think apartments in My Home Navadeepa (Next to Cyber Towers, Madhapur) are being sold for 3,000/sft.

I am not saying that because US had a correction of 34%, the same price percentage should come off from price of apartments in Madhapur. My point rather is that I have not seen any meaningful correction in real estate pricing in Hyderabad.

Even after the global recession, there is no lay-off in Hyderabad and there is no correction in the sticker price (the sarcasm intentional!). However, I have seen ICICI close down the entire Home Loan origination office in Begumpet and made everyone pay including those of branch managers into commission basis. A good friend of mine who is head of Sales in another mid-size real estate firm has also converted been into commission pay. However, there is no change in sticker price of real estate.

The reason for this honestly is that - cartels and unscrupulous business practices prevent realistic price correction. Greed and fear also are preventing businesses from adjusting prices downwards. Real Estate Business people are unwilling to accept anything less than exorbitant profits from their business.

The best explanation of market inefficiency can be drawn from my personal experience with the stock market. The day there are good prices in stock market my online stock trading system does not work as well. The prices are not refreshed as quickly, I place orders with older data and obviously I don’t get to fully grab the opportunities. Frustrating but true. When systems don’t work during the times that favor price corrections – it reduces price correction.

However, when prices have been increasing, media acts as a force multiplier (for the small price of a Journalist colony in that area). Every new area - Madhapur, Gachibowli etc has a Journalist colony. I wish there was a footnote after a very glowing article in the newspapers about an area saying, this journalist is being considered for a plot in the Journalist colony coming up in the same area.

Cartels work in a different way, I was in a Gold shop the day prices fell. Another shopper said Gold prices are lower the last few days, to which the shop owner said – “Yes, papers are quoting lower prices but there is no supply. If you find anyone who has supply tell me, I want to buy a few kgs of gold too!’ Cutting off supply ensures the transaction cannot be made. So price benefit does not reach the customer.

I recently spoke to someone in Bangalore and they said the price of a apartment in Bangalore is around Rs.2,800/- with decent local builders in Whitefield.

I know for a fact the apartment prices in Madhapur or Gachibowli, which are equivalent locations in Hyderabad, are definitely higher. Is there anything that makes the market value of Hyderabad better that Bangalore. I don’t believe so. The fact remains that Bangalore is still the IT capital of India. The only top 5 IT firm headquartered in Hyderabad is today in doldrums.

The only reason that the prices are higher are probably because of the greed of builders, the absence of smaller builders and the immaturity of the buyers.

As we all know, there are two sets of people who get jobs in Hyderabad. People from outside AP – mostly Madhya Pradesh, Chatisgarh, Orissa, West Bengal, UP etc. Or non-hyderabadis from rural and small towns. A vast majority of both these segments are new to Hyderabad and have no idea of the real estate price history in Hyderabad. They are isolated and easily fooled by the realtors. Non-Andhra people compare prices with Mumbai and Delhi and get fooled.

While, the problem with Andhra people are that they have a long and very established history of being extremely speculative plus having a little bit ‘unrealistic and exaggerated sense of their own’ capability – mostly derived from seeing too many movies of their favorite Tollywood hero. Well, I may be exaggerating a bit. But there is nothing wrong at taking a good hard look at our attitudes and expectations. Wisemen, say when you ‘Know Yourselves’ you have less chance of making mistakes! :lol:
undated, but interesting observations by a non-Hyderabadi on Hyderabad Real Estate! :cheers:

HydSkyScraper

December 5th, 2011, 06:06 AM

http://www.realestateproarticles.com/Art/7060/278/No-Meaningful-Correction-in-Hyderabad-Real-Estate-Prices.html

While, the problem with Andhra people are that they have a long and very established history of being extremely speculative plus having a little bit ‘unrealistic and exaggerated sense of their own’ capability – mostly derived from seeing too many movies of their favorite Tollywood hero. Well, I may be exaggerating a bit. But there is nothing wrong at taking a good hard look at our attitudes and expectations. Wisemen, say when you ‘Know Yourselves’ you have less chance of making mistakes!

Yes,Mr. James Foster you have exaggerated a LOT without knowing hyderabad. May be you have seen only "My Home Navadeepa" not whole of hyderabad.

R2IChennai

December 5th, 2011, 06:27 AM

http://www.realestateproarticles.com/Art/7060/278/No-Meaningful-Correction-in-Hyderabad-Real-Estate-Prices.html

:lol:
undated, but interesting observations by a non-Hyderabadi on Hyderabad Real Estate! :cheers:

I dont think Madhapur is same as whitefield, it is more like koramangala now where the prices are 6000+

S Chigurupati

December 5th, 2011, 08:39 PM

^^
I agree with you, the Hyderabad real estate prices are comparatively very much low among the metropolitian cities. In terms of real estate pricing Hyderabad is not even in the top 5, Pune is performing much better & in the short term Ahmedabad may overtake Hyderabad (Dont know abt current prices there). But still I feel investing in Hyderabad now will be good bet for the long term, 5 to 10 yrs, when ORR (160 Km) & Metro both will be in service and if Telangana issue is solved.
Also aviation industry around airport will fuel the future growth of Hyderabad, as GMR is utilizing every possible & unique techniques in promoting the Hyderabad airport.

ygvjs2000

December 5th, 2011, 09:34 PM

Any investment should be for the long-term vision. Looking the cheaper prices, it is worth investing it.
^^
I agree with you, the Hyderabad real estate prices are comparatively very much low among the metropolitian cities. In terms of real estate pricing Hyderabad is not even in the top 5, Pune is performing much better & in the short term Ahmedabad may overtake Hyderabad (Dont know abt current prices there). But still I feel investing in Hyderabad now will be good bet for the long term, 5 to 10 yrs, when ORR (160 Km) & Metro both will be in service and if Telangana issue is solved.
Also aviation industry around airport will fuel the future growth of Hyderabad, as GMR is utilizing every possible & unique techniques in promoting the Hyderabad airport.

avinash2060

December 7th, 2011, 08:53 AM

The unlimited Floor Space Index (FSI) model in Hyderabad could be touted as the best in the country with developers across metros pushing for a similar law in their respective cities to not just increase vertical growth but also expand 'lung' spaces. But despite its merits, the builder-friendly policy seems to be doing little to attract investors to the city- currently caught in the midst of a serious political turmoil.

In fact, speaking to TOI on the sidelines of a national conclave organised by the Confederation of Real Estate Developers Association of India (CREDAI) in New Delhi, recently, high-profile developers from Mumbai, Delhi, Chennai and Bangalore said that Hyderabad was completely off their radar at present. Taking its place, they said, were cities such as Pune and Ahmedabad, which at one time were way behind the Andhra Pradesh capital in the realty race.

"There was a time when any developer from Mumbai or Delhi, planning to expand outside the city, was looking at Hyderabad to start shop. That's not the case any longer. More people are today going to Gujarat instead," said Darshan Hiranandani, MD of the Mumbai-based major real estate player, Hiranandani Group of Companies that had, about two years ago, come to the city with plans of setting up an upscale SEZ on the outskirts. The project, however, failed to take off after the land was found embroiled in litigations.

"This is one huge drawback that Hyderabad suffers from. If land bought through government auctions do not have a clear title (the Hiranandani group had bought it through an auction) then what is the guarantee that land bought from private parties will have one," said Sunil Mantri, chairman, Sunil Mantri Realty Ltd that has operations across Mumbai, Delhi, Bangalore, Pune and so on. In Hyderabad too the firm has three huge tracts of land, bought when real estate was at its peak here about three-four years ago. The recession and Telangana turmoil erupted thereafter, and the plots have been lying idle since then. "Litigations apart, the market in Hyderabad now is not too conducive for new developments. So we are just sitting on our properties at the moment. There is no plan to start work at any of the sites- Sainikpuri, Miyapur and Hi-Tec City- anytime soon," Mantri said.

And while the uncertain political situation prevailing in the city could be the main reason for developers to shy away from Hyderabad, some feel that it's also the indifferent attitude of the Andhra Pradesh government that is holding them back from setting foot here. "Such is the situation that initially when a developer from outside approaches the state government for permission to set shop in Hyderabad, it is very supportive. But the moment you start work there, the government turns its back on you. This is unacceptable and a crucial reason why builders have grown wary of the city," said Pradeep Jain, chairman of both CREDAI and Parasvnath Developers Ltd- a leading Delhi-based real estate group that had, around 2009, picked up land in the Kukatpally area to develop a high-end commercial property. And while Jain refused to comment on the fate of the project, sources claim that the company is now in two minds about going ahead with it. The current uncertainties in Hyderabad coupled with the lack of government support could possibly be the reasons, they say.

But while such cases signal the death of real estate in Hyderabad, all hope isn't lost just yet, assure some. Bangalore's most sought after developer - Mantri Developers Pvt Ltd- for instance confirmed that it is indeed scouting for properties in the city to take up developmental work. "We have been very successful in the city so far and believe that it has huge potential. We are looking for land there and will soon announce some other promising projects," said Sushil Mantri, chairman and managing director of the company.

http://timesofindia.indiatimes.com/city/hyderabad/Hyderabad-no-more-a-favoured-destination-for-big-realtors/articleshow/11012669.cms

rags123

December 8th, 2011, 08:23 AM

http://timesofindia.indiatimes.com/city/hyderabad/Hyderabad-no-more-a-favoured-destination-for-big-realtors/articleshow/11012669.cms

Currently there is a lot of negative sentiment and you will not see anymore major investments coming in or any existing players going for large investments, the recent agitations have created enough trouble and that is true and cannot be ignored as of now things look fine but for how long can the govt guarantee that bad times will not repeat I guess no?

The only solution to restore the confidence of industry is to give a clear plan on Telangana or else people from Hyd will have to look for jobs outside the city as there will be no more jobs! and growth will come to a halt, we could be having best of manpower, infrastructure but if there is unrest why should someone invest, the best example is Kolkata which was least preferred investment destination because of agitations in the past and now Hyd will take the lead.

The slack could continue until next elections or longer unless there is no clarity on Telangana in my opinion if the union govt is looking back to bring the glory back to Hyd and make it a safe place declare Hyd as SAR (Special Administrative Region ) or UT or else few goons will make the lives of people living here hell!

Guys please share your thoughts!

avinash2060

December 8th, 2011, 08:26 AM

Currently there is a lot of negative sentiment and you will not see anymore major investments coming in or any existing players going for large investments, the recent agitations have created enough trouble and that is true and cannot be ignored as of now things look fine but for how long can the govt guarantee that bad times will not repeat I guess no?

The only solution to restore the confidence of industry is to give a clear plan on Telangana or else people from Hyd will have to look for jobs outside the city as there will be no more jobs! and growth will come to a halt, we could be having best of manpower, infrastructure but if there is unrest why should someone invest, the best example is Kolkata which was least preferred investment destination because of agitations in the past and now Hyd will take the lead.

The slack could continue until next elections or longer unless there is no clarity on Telangana in my opinion if the union govt is looking back to bring the glory back to Hyd and make it a safe place declare Hyd as SAR (Special Administrative Region ) or UT or else few goons will make the lives of people living here hell!

Guys please share your thoughts!

This article talks of Government inaction more than negative sentiment.Totally Agree all Major Metros and Cities should be made union territory not only hyd.Same articles have been about Bangalore Land Clearance Delay Infosys has been angry about Karnataka Government as it's new Campus is not cleared even after 10 years .Government should set up Fast track Tribunals which look into high ticket investments in case of any dispute

ygvjs2000

December 8th, 2011, 05:52 PM

Manjeera launches Purple Town villa project
http://www.thehindubusinessline.com/companies/article2698714.ece?ref=wl_opinion
HYDERABAD, DEC. 8:
Manjeera Constructions Ltd, part of the Manjeera Group which is into real estate and hospitality, today announced the launch of a premium luxury villa project — Purple Town located close to the financial district of Hyderabad.

The Rs 40-crore project is strategically located to serve both the IT hub of Hyderabad and also the services industry professionals looking at the new destination, which has emerged as a hot spot for commercial projects within minutes drive of the new international airport. Each villa located on a 300 sq yard plot with a built up area of 3,400 sq ft is priced at Rs 2 crore.

The company is also seeking to woo the NRI community with an attractive offer wherein they could borrow in dollar terms and invest here, taking advantage of the weaker rupee. They could also take advantage of the discount for those who invest before the end of December, according to Mr G.Yoganand, Chairman and Managing Director of Manjeera Group.

Addressing a press conference here today, Mr Yoganand said, “this is being developed in the company's existing land bank. Given the market conditions, both for property and the equity market, we are cautious about taking up new projects. The focus is on consolidation of existing ventures.”

The company is currently focussing on raising debt and has ruled out any efforts to tap the market to offer exit route to couple of its early investors.

Mr Kishore Kumar, Chief Operating Officer of Manjeera Group, said, “the real estate sector in Hyderabad is on a growth path and we expect to see some accelerated development.”

R2IChennai

December 9th, 2011, 05:14 AM

Any investment should be for the long-term vision. Looking the cheaper prices, it is worth investing it.

Cheaper realestate with better job opportunities is a positive sign
Until 2005 hyderabad realestate was cheaper than many tier II cities and now its the same. Eventually realestate will catch up

nkeshir

December 9th, 2011, 11:31 AM

^^ Totally agree with you.

If I am not wrong, we do find apartment/flats around 25,000,000 still near Madhapur.

Babji

December 10th, 2011, 12:43 AM

http://www.deccanchronicle.com/channels/cities/hyderabad/hitec-city-others-sale-fill-depleted-coffers-573

Hitec City, others for sale to fill up depleted coffers
December 10, 2011 By N. Vamsi Srinivas DC Hyderabad
The state government will soon disinvest its stake in the Hitec City in Madhapur and in other IT projects that it built in partnership with the infra major L&T.

The government has, in principle, decided to sell its stake in all the joint ventures in which the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is representing the state.

Based on the proposal of the finance department to mobilise additional finances, a high-level committee has been constituted under the chairmanship of chief secretary Pankaj Dwivedi for disinvestment.

“The recent controversies involving Emaar and Mindspace also proved that it is better to dispose of the stake for a good price and in a transparent manner rather than leaving it to the JV partner to manipulate and lose heavily,” a senior official pointed out.
:cheers:

World8115

December 10th, 2011, 11:22 AM

The real estate paradox

Source (http://ibnlive.in.com/news/the-real-estate-paradox/210562-60-121.html)
Real estate business in the city is slowly picking up after a major dip in the last few months. With the market showing signs of revival, the Life Insurance Corporation (LIC) is conducting a three-day fair with construction companies, realtors and consumers.

Over 20 companies have put up stalls and most of them exuded confidence that consumers will make a beeline sooner than later. However, all is not rosy for the real estate sector. The market, at the moment is growing in areas like Bowenpally, A S Rao Nagar, beyond Ramoji Film City and essentially in East Hyderabad.

Said Salam of Armsburg Properties, “East Hyderabad is where the market is growing. Residential investments are aplenty that side because the west side of the city is completely commercial. The market is definitely more conducive because prices have come down compared to the last two years.”

Bowenaplly seems to be the hotspot with seven to 10 different projects in finishing stages. Developers Vishal Projects Limited have a 10-storey apartment in development at RTC colony. Equipped with amenities like a swimming pool, the apartment is designed to attract the new breed of IT sector employees who form one bulk of the customer base. Most interesting is the current rate of interest for home loans - around 10.4% for 20 years - considered the lowest in recent market statistics.

Babji

December 10th, 2011, 05:34 PM

The real estate paradox

Source (http://ibnlive.in.com/news/the-real-estate-paradox/210562-60-121.html)

definitely a positive outlook.
With GoAP moving towards midterm polls (hoping for a more stable Govt - before and after 2014 assembly polls) and
GoAP trying disinvest in partnership assets such as HITEC City to get cash to keep infra works going on -
we can certainly expect more good news in the coming months!

Once we start seeing some pillars of HydMetro raising above ground level - it will boost the morale of Hyd Real Business players as well! :cheers:

ygvjs2000

December 11th, 2011, 04:15 AM

Relief and good news!!!!
http://www.thehindubusinessline.com/features/investment-world/article2704298.ece?ref=wl_opinion
http://www.thehindubusinessline.com/features/investment-world/article2704298.ece?ref=wl_opinion
The real estate scenario has begun to look up in Hyderabad during the past few weeks, with the number of enquiries and deals increasing. The builders' fraternity see this momentum and general sentiment taking them through to a much better quarter ahead, as they close the current financial year.

Interactions with a cross-section of builders in the city shows that they are ending the year on a happier note, with the political uncertainty regarding the Telangana stir behind them, at least for the time being, and people generally factoring its impact on the sector.

Mr Prem Kumar, President of Andhra Pradesh Real Estate Developers Association (APREDA), told Business Line that till July during the year, the real estate market was showing signs of looking up. But the period between July and October witnessed less activity due to the agitation, which caused considerable discomfort to potential buyers.

“But with the agitation put behind and the Telangana movement factored, the market is looking up,” Mr Prem Kumar, speaking on behalf of the realtors, said.

In fact, the past few weeks have been very eventful, with the enquiries going up and a good number of them translating into deals. What is important is that if this momentum continues, we may see a much better quarter ahead, with sales volumes increasing and prices too firming up, another builder said.

GO NO. 45 CONCERNS

Mr Prem Kumar said that the launch of new projects has been affected due to the State Government GO No. 45, which calls upon the developers to earmark 20 per cent for EWS (economically weaker sections) and LIG (lower income group) housing, within a gated community.

While the builders are supportive of the whole concept, they feel that this is too harsh. This has meant delay in launch of larger gated community projects.

The builders have given a representation to the Government, asking it to reconsider the move and fine-tune it so that it becomes a win-win situation for all, he said.

Mr D. R. Patnaik, General Manager of Ramky Estates, said the relative peace and normalcy has meant better times for the real estate business in the State. The last fortnight has been exceptionally good, and many people who have been postponing any plans to buy property are once again in the market, as they feel that the stir is unlikely to impact the sector any more.

Yet, a good number of potential buyers are holding up their investments, hoping there could be some more fall. But from a realtors' perspective, Mr Patnaik said “the prices are at their low. If at all, builders may consider gradual increase in prices, factoring the increase in input costs and labour costs; the latter has shot up significantly.”

Mr M. P. Agrawall, Managing Director of Koncept Ambience, which is into luxury housing projects around the city, felt that real estate prices have been subdued in Hyderabad for quite a long time due to various factors, including the agitation. A comparison with some cities in the State and some other Tier-II cities in the other states shows that the prices could increase any time, as this isn't sustainable.

He felt that the builders would, in fact, no longer be able to offer properties at the current prices, if they consider the market conditions and growing input costs, including that of labour. It has been particularly difficult to get quality labour for projects, as most of them get attracted to the National Rural Employment Guarantee Scheme (NREGS), he said.

IT, A MAJOR DRIVER

During an interactive session at the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI), Mr Ponnala Lakshmaiah, Minister for Information and Technology, Government of Andhra Pradesh, said “the IT sector, along with services, would be a major driver for commercial property consumption in the twin cities of Hyderabad and Secunderabad, and surrounding areas. If the agitation was a dampener for some time, the property absorption numbers show that, in 2010, the IT sector accounted for a big chunk.”

The Minister said that in 2010, the IT sector accounted for consumption of approximately 4.2 million square feet of office area, which was equivalent to what the city accounted for in three previous years. According to data, approximately 8.2 million square feet of office space is under various stages of development.

OUTLOOK

Consultancy company Cushman and Wakefield, providing the third quarter report on residential consumption in Hyderabad, stated that there was sluggishness in the launch of new projects, largely due to difficulties faced by the developers due to GO 45. While the rental values saw a little appreciation in certain key locations, the capital values witnessed some mixed patterns.

Providing its outlook, the report suggested that new projects are getting delayed as developers are anticipating revision of the clauses in the GO.

It also felt that the capital values may remain stable in the peripheral areas. It also noted that the demand for SEZ spaces is likely to continue in the coming quarters.

Nancy03

December 13th, 2011, 11:43 AM

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rockystone

January 4th, 2012, 08:03 PM

Mahindra Lifespace may raise Rs 250 cr debt by end-FY'12

http://economictimes.indiatimes.com/news/news-by-industry/services/property-/-cstruction/mahindra-lifespace-may-raise-rs-250-cr-debt-by-end-fy12/articleshow/11365310.cms
Mahindra Lifespace Developers, the real estate and infrastructure arm of the USD 14 billion Mahindra Group, may raise Rs 250 crore in debt before the end of the fiscal to part-fund ongoing projects in various states, a top executive said here today.

Mahindra Lifespace Managing Director and CEO Anita Arjundas said the company will soon launch a Rs 250 crore real estate housing project in Hyderabad.

"Though the board has given approval to raise Rs 500 crore, we may not raise entire amount. But we will certainly raise at least 50 per cent of it," Arjundas said at a press conference.

She said the company currently has around 10 million square feet of space at various stages of development and it requires a Rs 2,000 crore investment to complete all these projects in the next four years.

"In addition to Rs 500 crore, we have other sources such as advances from customers," the real estate developer added.

Elaborating on the Hyderabad project, which is coming up on 10 acres of land, Arjundas said the housing project will occupy around one million square feet of space and will be ready in the next three years.

According to her, Hyderabad, Pune and Nagpur will be the next important markets for the company and it is also exploring other long-term opportunities in Hyderabad.

Mahindra Lifespace, which currently caters to the middle and high-end housing segment, with unit sales prices ranging from Rs 2,700 to Rs 10,000 per square feet, is drawing up plans to enter the affordable housing segment in Tier-II cities, offering units in the price range of Rs 5 lakh to Rs 15 lakh, she said.

Shares of Mahindra Lifespace closed at Rs 251 apiece on the BSE today.

ygvjs2000

January 5th, 2012, 04:36 AM

Nice to know. Another link http://www.indiainfoline.com/Markets/News/Mahindra-Lifespaces-enters-Hyderabad/5325782924
Mahindra Lifespace may raise Rs 250 cr debt by end-FY'12

http://economictimes.indiatimes.com/news/news-by-industry/services/property-/-cstruction/mahindra-lifespace-may-raise-rs-250-cr-debt-by-end-fy12/articleshow/11365310.cms
Mahindra Lifespace Developers, the real estate and infrastructure arm of the USD 14 billion Mahindra Group, may raise Rs 250 crore in debt before the end of the fiscal to part-fund ongoing projects in various states, a top executive said here today.

Mahindra Lifespace Managing Director and CEO Anita Arjundas said the company will soon launch a Rs 250 crore real estate housing project in Hyderabad.

"Though the board has given approval to raise Rs 500 crore, we may not raise entire amount. But we will certainly raise at least 50 per cent of it," Arjundas said at a press conference.

She said the company currently has around 10 million square feet of space at various stages of development and it requires a Rs 2,000 crore investment to complete all these projects in the next four years.

"In addition to Rs 500 crore, we have other sources such as advances from customers," the real estate developer added.

Elaborating on the Hyderabad project, which is coming up on 10 acres of land, Arjundas said the housing project will occupy around one million square feet of space and will be ready in the next three years.

According to her, Hyderabad, Pune and Nagpur will be the next important markets for the company and it is also exploring other long-term opportunities in Hyderabad.

Mahindra Lifespace, which currently caters to the middle and high-end housing segment, with unit sales prices ranging from Rs 2,700 to Rs 10,000 per square feet, is drawing up plans to enter the affordable housing segment in Tier-II cities, offering units in the price range of Rs 5 lakh to Rs 15 lakh, she said.

Shares of Mahindra Lifespace closed at Rs 251 apiece on the BSE today.

ygvjs2000

January 14th, 2012, 03:05 PM

http://postnoon.com/2012/01/09/right-time-to-invest-in-city/17934
Right time to invest in City
HYDERABAD: Real estate investment is a long-term investment. Unlike the stock market, investor cannot expect immediate returns. Real estate property always appreciates and safe, if the investment is not touched for five years.

If someone invests in a property, 10 per cent of the investment goes to value-added tax, service tax and registration charges. Every Rs100 invested in the real estate, costs Rs110 to customers. It is not right to expect appreciation in a year on the costs, says G Yoganand, President, Confederation of Real Estate Developers Association of India (CREDAI), Andhra Pradesh chapter.

Real estate investment is safe at this time in the City. The growth will be at least eight per cent more than the 10 per cent return that an investor gets from the long-term bank deposits, he says.

Talking about the general problems faced by customers, he observes that it is very important to take the guidance of an advocate, before buying a property. Some people may think why to spend Rs4,000 and Rs5000 on advocate. However, one should understand this is the most expensive investment one does in their entire life time. The advocate will help check the agreement like titles of the property; when will it be delivered, whether the property can be mortgaged or not; are there any deviations in the property; whether the builder has permissions to construct a residential property or not.

People may think of going for a cheaper option in buying the property. A builder may offer a property at a cheaper price owing to breaking of rules. A builder can cover his costs by constructing an extra floor. But, when a customer chooses that property keeping the price in mind, he will face difficulties with the over load of people and parking. The customer also will not get a high price in resale because of the deviations, he adds.

CREDIA is going to have a code of conduct for all its members. Every member should sign the paper with CREDAI that he will not sell the property unless there is land clearance from the government for the residential purpose.

All members should be transparent to customers about their permission status and do agreements accordingly. Members should voluntarily give the title flow, legal opinion and title documents to the customers.

If any member fails to commit to the promise that he makes to the customer, or in case of disputes the customers can approach consumer forum of CREDAI, Yoganand says.

ygvjs2000

January 14th, 2012, 05:00 PM

Hyderabad realty in consolidation mod
http://www.thehindubusinessline.com/features/investment-world/article2801364.ece?ref=wl_features
New projects, a relatively stable political environment, and a successful CII Partnership Summit portend growth in the sector.

January 14, 2012:
The year 2012 has begun on a promising note with new projects being announced, a relatively stable political environment without much sign of a stir for the separate Statehood of Telangana, and a successful CII Partnership Summit, which was witness to the assurance of huge investment proposals. Builders hope these would create good vibes for the sector.

The Hyderabad real estate market continues to consolidate after entering the new year, with prices still at three-year lows. Builders across segments, luxury housing, middle-income and affordable housing, believe that the market sentiment shows that it is still a buyer's market.

ROBUST GROWTH

The General Manager of Ramky Estates, Mr Patnaik D. R., told Business Line that demand has shot up in most major cities of the State, barring Hyderabad. Visakhapatnam, for instance, has shown a robust growth and prices too have firmed up there. The situation continues to be stable in Hyderabad.

Several developers have announced new projects in the past few weeks, showing a good sentiment spilling onto 2012. PEBL, a venture that is developing a large project with L&T as construction partner, has announced a project close to the IT hub; Mahindra Lifespaces, one of the top real estate developers, announced a new project, and a few others are close to firming up new ventures.

Many of the developers are also looking at the affordable housing segment, where there is relative demand-supply mismatch.

Mr P. V. Ravindra Kumar, Chief Executive Officer of Vasathi Housing Ltd, said that the company is looking at not only expanding their new venture Vasathi Housing project, but also setting up projects in Bangalore and Chennai. There is good business environment in real estate lately. “Any project that is strategically positioned, with right price offering, will be successful,” he said.

The Managing Director and CEO of Mahindra Lifespace Developers Ltd, Ms Anita Arjundas, earlier during the month, announced their entry into Hyderabad, with a one million square-foot, Rs 250-crore housing project. She said “for a corporate entity focussing on the real estate market in several States of the country, we continue to invest in new projects unmindful of the slowdown, factoring the business cycle of ups and downs.”

“In fact, we continue to study the market keenly and are close to finalising plans for affordable housing ventures, where there is demand. This is a promising area, and the company hopes to enter this by next year, beginning with a focus on markets such as Maharashtra,” she said.

BUOYANT MARKET

During a meet hosted by the Confederation of Real Estate Developers Association of India (CREDAI) here recently, Mr G. Yoganand, Managing Director of Manjeera Constructions, said the real estate market in Hyderabad is on course again, particularly in the core city areas. The shortage of housing units in the core city areas is resulting in increasing demand in peripheral areas, which are well-connected.

Mr Yoganand, who is the President of CREDAI, AP, quoted consulting firms Jones Lang Lasalle and Knight Frank and their reports to suggest that the real estate prices will go up during the year.

Mr Prem Kumar, President of Andhra Pradesh Real Estate Developers Association (APREDA), said the realty market continues to look buoyant from November last. The agitation-related issues have settled down, the Partnership Summit ended on a very good note and the number of enquiries is going up.

The prices are also likely to firm up as input costs have gone up. The GO No 45 continues to be a matter of concern, as it has stalled some of the large projects. The GO seeks to provide for housing for weaker sections, as mandated by the Government, through the order. In the current form, builders are opposed to this move, the builders association felt.

The real estate developers have appealed to the State Government, requesting it to rework the order and make it more practical. Any delay in resolving this would hold back some of the projects on the verge of being launched, Mr Prem Kumar said.

Mr Patnaik felt that several projects are close to being announced by not only Ramky Estates, but also some other developers in Hyderabad and other major cities of the state including Visakhapatnam, which has seen good momentum lately, due to the announcement of infrastructure projects coming up.

Mr Prem Kumar, quoting recent property shows and the growing number of enquiries for new projects, says that the end-user is hunting for property once again and this will translate into good numbers.

ygvjs2000

January 17th, 2012, 12:12 AM

ranga

January 17th, 2012, 12:31 PM

CM shows Rs1,000 crore earning potential
http://www.deccanchronicle.com/channels/cities/hyderabad/cm-shows-rs1000-crore-earning-potential-212
Chief Minister N. Kiran Kumar Reddy has come to the rescue of the debt-ridden Hyderabad Metropolitan Development Authority by showing a way to earn Rs11,000 crore. The HMDA, struggling hard to even pay the interest on loans from financial institutions, will get 75 acres of prime land in Khanamet, between Hitec city and Kukatpally, for mobilisation of revenues.

Even a conservative estimate puts the value of the land at around Rs 112 crore per acre. Sources told this newspaper that the CM asked the AP Industrial Infrastructure Corporation, which is in possession of the prime land, to transfer the same to HMDA which in turn will put it up for auction. The CM, chairing the HMDA board meeting, also took a major decision that will clear, though temporarily, the hurdles in completing the remaining stretch of the Outer Ring Road. As the land acquisition near Kandlakoyala got stuck in Supreme Court, Mr Kiran Kumar Reddy asked officials to provide connectivity in the existing route itself. The CM asked the HMDA to plan carefully and make best use of the land.

"]Even a conservative estimate puts the value of the land around Rs112 crores"One acre is equal to 4840 Sq yards,So even at conservative estimate one Sq yard costs Rs231400/- (Rs2.31 lacs)Do u find such costly price land even in Banjara hills in Hyderabad?This CM is a bluffer or a big nut and the joke is the forumers here are carried away with out any thought.The tragedy is the forumers are well educated but believe such statements.:nuts:[/B]

Prodigist

January 17th, 2012, 01:30 PM

"]Even a conservative estimate puts the value of the land around Rs112 crores"One acre is equal to 4840 Sq yards,So even at conservative estimate one Sq yard costs Rs231400/- (Rs2.31 lacs)Do u find such costly price land even in Banjara hills in Hyderabad?This CM is a bluffer or a big nut and the joke is the forumers here are carried away with out any thought.The tragedy is the forumers are well educated but believe such statements.:nuts:[/B]

Commercial properties on Road No 36 Jubilee Hills quote around that price.

Dont forget the JH Check post land which got around 350 crores for a 6 acre plot 6 years ago

Gudavalli

January 17th, 2012, 03:55 PM

Source: http://economictimes.indiatimes.com/tech/software/mahindra-satyam-to-participate-in-world-economic-forum/articleshow/11526164.cms

HYDERABAD: Mahindra Satyam, a leading global consulting and IT services provider, will participate in the World Economic Forum's annual meeting in Davos, scheduled Jan 25-27.

The Hyderabad-based firm is the strategic partner of the forum, said a company statement on Tuesday.

Vineet Nayyar, chairman, and C.P. Gurnani, CEO, Mahindra Satyam, will participate in the meet to discuss and deliberate on the impact of transformation and the 'Mahindra Rise' initiative; a call to world businesses to innovate new business models that will meet the challenges of the current century including population growth, sustainability and economic development.

"We, as companies, have to cultivate and breed innovation so that it becomes part of every organization's culture. That's why the Mahindra Group has developed the Rise initiative," says Gurnani.

"The challenge is to shape new business models for a brighter future. This requires close cooperation from both external and internal stakeholders."

At the Mahindra Group, the Rise model has been used to develop solar lanterns and electric cars; to deliver credit to under-served areas in rural India and IT know-how has been put to work for healthcare services and ambulances.

Mahindra Satyam supports those who are 'greening' businesses and building schools, advocating for reform and harnessing new technologies to drive positive change in health care, energy, utilities and other critical areas, said the statement.

stormmaker

January 17th, 2012, 08:13 PM

CM shows Rs1,000 crore earning potential
http://www.deccanchronicle.com/channels/cities/hyderabad/cm-shows-rs1000-crore-earning-potential-212
Chief Minister N. Kiran Kumar Reddy has come to the rescue of the debt-ridden Hyderabad Metropolitan Development Authority by showing a way to earn Rs11,000 crore. The HMDA, struggling hard to even pay the interest on loans from financial institutions, will get 75 acres of prime land in Khanamet, between Hitec city and Kukatpally, for mobilisation of revenues.

Even a conservative estimate puts the value of the land at around Rs 112 crore per acre. Sources told this newspaper that the CM asked the AP Industrial Infrastructure Corporation, which is in possession of the prime land, to transfer the same to HMDA which in turn will put it up for auction. The CM, chairing the HMDA board meeting, also took a major decision that will clear, though temporarily, the hurdles in completing the remaining stretch of the Outer Ring Road. As the land acquisition near Kandlakoyala got stuck in Supreme Court, Mr Kiran Kumar Reddy asked officials to provide connectivity in the existing route itself. The CM asked the HMDA to plan carefully and make best use of the land.

Oh c'mon guys, its just a typo. Neither is the price that steep, nor is the CM bluffing. Just pathetic news reporting services. Title has it as 1000 Crore and the content talks about 11,000 Crore. Likewise, my guess is there is a extra "1" to the price of the land too. Probably intended to say price per acre was 12 Crore instead.
Rs 12 Crore X 75 Acres = Rs 900 Crore, makes sense

@ Mr Ranga - Rather than judging other "educated people" why don't you look at yourself and see how much of your own educated analysis you were able to apply here?

avinash2060

January 18th, 2012, 06:36 AM

It is official now. The recently concluded Partnership Summit has conclusively proved that the two-year long regional conflict has finally taken its toll on Brand Hyderabad. Of the 38 projects costing over Rs 5,000 crore that were grounded at the recent Partnership Summit, 34 are in the Coastal Andhra and Rayalaseema regions. Of the 172 project proposals that were received at the summit, 126 are located in the non-Telangana regions. As a result, experts are of the view that by the year 2020, the reign of Hyderabad and its surroundings in the Telangana region would be passe and that all industrial development would be in the coastal region.

"The growth of Hyderabad and its surroundings over the last three to four decades was social infrastructure-specific. Large public sector units came up due to connectivity etc. But almost all the projects that were signed at the summit and the proposals that came up are resource-centric, like power, infrastructure etc. Thus it is natural that they are located on the coastal belt," said Rajeshwar Rao, secretary general of the Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci).

Of the 9 mega projects (with an investment of Rs 5,000 crore) in the industrial sector, 8 are in the coastal region. All the four mega projects in the infrastructure sector are in the coastal region. Of the 18 projects in the power sector, 15 are in the coastal region. Only in the IT and tourism sector does Telangana see some new projects. Again, of the 84 proposals pertaining to the industrial sector, 59 are in the coastal region and only 15 are exclusively in the Telangana region. Of the 70 proposals pertaining to the energy department, 63 are in the coastal region. Only in IT (5 of the 6) and tourism (9 of the 12) does Telangana forge ahead of the other two regions.

"If the state government had wanted equal growth of the three regions, it could have pushed for more projects in the engineering and manufacturing sector. But with all the projects being resource-centric, it is but natural that the coming decade will see a phenomenal industrial growth of the coastal region and the decline of Hyderabad," said one state government official.
http://timesofindia.indiatimes.com/city/hyderabad/Brand-Hyderabad-takes-a-Telangana-hit/articleshow/11519915.cms

Gudavalli

January 18th, 2012, 09:45 AM

Source: http://www.hyderabadonline.in/About/Profile/Economy/index.html

Hyderabad is one of the most important economic centres of India and has emerged as leading centre in the IT sector. The city is now recognized for its booming IT and IT Enabled Services, Pharmaceuticals and Entertainment industries. Many call centers, Business Process Outsourcing (BPO) firms, dealing with IT and other technological services were set up in the late 20th century making it one of the major regions for call center setups in India.

The city is the foremost destination for Microsoft Development Centre in India. The growth of Hyderabad’s economy is largely due to the software services. The city is sometime referred to as “Cyberabad” owing to the presence of large numbers of IT Firms in the city.

The Government of Andhra Pradesh gives highest priority to the industrial sector on account of the vital role it plays in balanced and sustainable economic growth. It plays a crucial role in the process of economic development by value addition, employment generation, equitable distribution of national income, regional dispersal of industries, and mobilization of capital, entrepreneur skills and contribution to exports.

The state’s industrial policy is very liberal for huge investment in sectors like IT, Biotechnology and Pharmaceuticals. Traditional sectors such as textiles, leather, minerals, and food processing are also being developed for high value addition. Hyderabad being the capital of the state enjoys highest priority for investment.

Areas of Industrial Growth in Hyderabad
• Automobile and Auto Components Industry
• IT Industry
• Textiles and Apparels
• Spices
• Poultry Farming
• Bulk Drugs and Pharmaceuticals
• Tourism and Entertainment Industry
• Food & Agro processing except traditional industries
• Petroleum, Petro-chemicals
• Chemicals & Fertilizers
• Mineral based industries
• Biotechnology
• Energy Saving Devices, Appliances, etc.

Gudavalli

January 18th, 2012, 09:55 AM

Source: http://timesofindia.indiatimes.com/business/india-business/Re-drop-makes-realty-attractive-for-NRIs/articleshow/11532454.cms

BANGALORE: Many NRIs are teaming up with like-minded buyers on real estate group buying sites to shop for flats in India. The cheaper rupee and deep discounts offered by developers through these portals has triggered a substantial jump in property-related enquiries from NRIs in the US, UK and the Middle East in the last three months.

London-based Nayan Bhavishi has poured more money into the real estate market in the country than in any other geography or asset category . An avid real estate investor , Bhavishi snapped up two ready-to-move-in flats in Vaastu project in Thane for Rs 1.20 crore through real estate portal Groffr.com. "I was scouting for properties in India and stumbled upon this site offering good discounts. I got 25% discount on my property purchases and the exchange rate at Rs 84 to a pound was a big draw," he said. Bhavishi said he bought the property at Rs 4,200 per sq ft when the rates in neighbouring properties were between Rs 5,800 and 6,000.

In an increasingly tough environment, developers are warming up to group housing portals. Sandesh Wadhwa, cofounder of group-buying portal groupbookings.in, said many people sitting on the fence have swung into action in the last three months. "There is more demand coming from NRIs for mid-sized housing projects in Gurgaon, Bangalore, Hyderabad and Chennai," he said.

Sandeep Reddy, co-founder of Groffr.com, said the website has seen a healthy sales conversion rate in the last two months primarily driven by NRIs. "The mood among NRI investors is buoyant as they now need to spend fewer dollars or pounds for the same property. The sub-Rs 60 lakh properties are most in demand ," he added.

Vaibhav Sharma, assistant professor of finance at Winthrop University in South Carolina, has booked two flats in Gurgaon through groupbookings .in. "If I were to invest in the US, the property value would fetch me a negative return. It's a good time to enter the Indian real estate market, where I think I can expect at least 6% annualized returns in the residential space," he said.

Sharma's purchase decision was also driven by the favourable exchange rate. He bought the flats last September when the rupee was close to 50 to a dollar. "I also received a 10% discount by signing up on the portal. I didn't have to haggle or make several house hunting trips," Sharma added.

Gudavalli

February 12th, 2012, 10:06 AM

Source: http://ibnlive.in.com/generalnewsfeed/news/profatability-of-cro-industry-may-not-be-impacted-gvk-bio/962277.html

Hyderabad, Feb 11 (PTI) Though the European financial crisis has left a negative impact on the Indian contract research organisations, the profitability of this industry may not be impacted due to forex fluctuations in favor of rupee, a top official of GVK Bio has said. Manni Kantipudi, CEO of GVK Biosciences, today said the contract research organisation is optimistic about the level of influence of CROs in the development of new drugs, is going to grow significantly in the coming days. "We definitely see some slowdown in the European markets. This is unlikely to impact the earnings as per dollar realisation, will be more owing to forex fluctuations," Kantipudi told reporters on the sidelines of the 9th edition of BioAsia 2012, which concluded here today. He said, the CROs were faced with some challenges in domestic market in terms of actual volumes. There was excess capacity in the market which resulted in price erosion affecting profitability, he explained. "Companies are struggling to find the right model," he said. Worldwide, the research and development spent was close to US $ 120 billion, of which, 60 per cent was earmarked for clinical development trials, while the rest being spent on discovering new models. That is the addressable market size and there is need for innovating and evolving new business models for raising capital, he added. Replying to queries, on the recent controversy pertaining to clinical trials, Kantipudi said it may have impact GVK Bio too. GVK Bio is now looking at the bio-equivalent market that was set to grow and plans to add capacity in this direction. GVK Bio presently has 2,100 strong team, including 400 in informatics.

Gudavalli

February 15th, 2012, 07:37 PM

Source: http://economictimes.indiatimes.com/news/economy/infrastructure/budget-2012-infrastructure-firms-seek-regulatory-clarity/articleshow/11899499.cms

Is the government doing enough to mitigate regulatory concerns and policy paralysis affecting India's Infrastructure growth? ET in Hyderabad provides a ringside view.

To fulfil India's aspirations of growing at over 9% per annum in the next five years, the government has taken a pledge to spend $ 1 trillion to build wider roads, light up more homes and encourage more sea borne trade. To achieve such an ambitious target, it has to rely heavily on the private sector to improve service quality, time and cost as there is a growing acknowledgement of the benefits that the private sector brings to the infrastructure sector.

In its Twelfth Five Year Plan, the government hopes to harness the private sector's efficiencies in delivery of infrastructure projects to a much greater extent either through fully private ventures or through public private partnerships (PPP). But is the government doing enough to facilitate participation to make sure the enterprises remain financially viable?

To debate this, the Economic Times hosted a round table to discuss the regulatory concerns affecting India Infrastructure's growth.

The experts on the panel- all doyens representing various segment of India's power, roads, airports and ports segments- agreed that delays in regulatory decisions and non clarity have been the main bottlenecks in the India infrastructure story. And for massive investment to be pumped in, overcoming the challenges would be a daunting task.

Almost all of the executives who represented their companies and segments spoke unanimously and agreed that quite often; the policy objectives that the government wishes to achieve out of independent regulatory regime are not spelt out clearly in the legislation. At times, the regulatory mandate falls short to achieve the stated policy objectives. Multi-stakeholder approach is nearly missing in most of the sectors and given the rather ambiguous regulatory mandate as well as the limited regulatory capacity, this evolving form of governance is falling short of the expectations so far.

They called for clarity and coherence in legislation and said policy is the key determinant of regulatory efficacy and, therefore, model legislation for infrastructure regulatory regime in India be developed and recommended to the Government. The essential attributes of independent regulation should be considered while framing such model legislation. Incumbent regulation should get a specific mention in that, up front.

GVK Group's chief financial officer Issac George said, "There are problems with respect to fuel supply as just about 50% of the fuel is being supplied compared to the 80% that was promised. Going ahead, we will not be able to operate below a minimum level. This might be worrisome for the bankers as well as companies may not be able to service the debt properly." The GVK group has interests in power, roads, airports and urban infrastructure. Issac George also spoke of how the problems the company encountered in implementing the Alaknanda hydro power project in Himachal Pradesh where the company had to wage a battle in the court to overcome many frivolous public interest litigations that were filed against the company.

In the airports sector, many a developer has had countless run-ins with the airports' economic regulator, the Airports Economic Regulatory Authority. "The single till method proposed for major airports will hurt both banks and developers," he said. Once concession agreement was signed, it needs to be respected, me George said.

Gudavalli

February 15th, 2012, 07:37 PM

Source: http://postnoon.com/2012/02/15/firstobject-technologies-to-target-rs-150-crore-revenues/29131

Hyderabad: Firstobject Technologies Limited (FTL), an IT solutions provider with focus on education, is aiming at an annual revenue of Rs.150 crore, out of which 40-45 per cent would come from e-learning initiative in the financial year 2013-2014.

FTL clocked an annual revenue of Rs.63 crores in FY 2010-2011. The company got 80 per cent revenues from IT and ITeS (offshore) and 20 per cent from e-learning and knowledge process outsourcing (KPO). The domestic businesses would only contribute to 25 per cent of e-learning revenues and the rest is netted from producing e-learning content to various international businesses and universities.

As part of the expansion in e-learning segment, Firstobject Technologies signed Memorand*um of Understanding (MOU) with Sri Krishnadevaraya Unive*rsity (SKU) in Anantapur a couple of days ago. The MoU will cover the education and training of students of SKU in a practical environment. It will help students by enriching teaching methodologies and making training more practical and employment oriented. It also enhances the faculty’s knowledge on industry. It will be in force for a period of five years. The MoU did not contemplate any revenues now. However, FTL believes there is an opportunity to generate revenues in the future. This will also help FTL to prove its potential in the e-learning segment. The MoU with SKU is the first milestone to work with various universities across India. The company is in talks with many other universities and soon would come with an announcement, said Vivek Hebbar, chairman, Firstobject Technologies.

This will be a win-win situation for both parties. Professionals in the company will integrate practical knowledge and prepare quality interactive video content in all subjects of science and engineering after referencing wide range of books. This will help even the average student to be become self- reliant and be competent enough for the industry, he said.

Talking about the growth opportunities in e-learning, he said it’s huge. There is a dearth of human resources in various colleges and schools in the country and this e-learning initiative will fill the gap and make students more efficient. A student will have the flexibility to learn at his own pace and time with the interactive 2D and 3D content.

FTL is set to launch e-school concept which will empower schools with e-learning facilities. It will give franchisees to schools and add value to their teaching. It is also going to launch a set of DVDs from playschool to Class X for various boards like CBSE, ICSE, AP Board, Tamil Nadu board and Maharashtra Board in the next academic year (June 2012). The CBSE DVDs for classes VI to IX and X are already available in the market at a price of `400. The company will also launch a call centre with academicians to answer the questions of students who are learning through e-content, said Hebbar.

FTL has plans to give this e-learning DVDs at subsidised price to government schools. The company has invested around `20 crore in the field and it sees a robust growth in years to come.

Gudavalli

February 15th, 2012, 07:44 PM

Good time to invest?

Source: http://economictimes.indiatimes.com/markets/real-estate/news-/housing-prices-in-mumbai-kolkata-down-delhi-rates-up-in-q3/articleshow/11901767.cms

NEW DELHI: Prices of residential properties in Mumbai and Kolkata witnessed a downward movement while Delhi prices firmed up during the third quarter of the current fiscal, as per the latest Residex released by the National Housing Bank (NHB).

Prices of houses in Kolkata and Mumbai declined by 0.5 per cent in October-December period of 2011-12 compared to previous quarter. Among other cities, the maximum decline was observed in Kochi at 15.5 per cent followed by Hyderabad at 6 per cent, Jaipur 1.5 per cent and Patna 0.7 per cent.

NHB, which is the housing finance regulator, said, "The movement in prices of residential properties has shown an increasing trend in nine cities and decline in six cities covered under NHB Residex during the quarter October-December, 2011 in comparison to the previous quarter."

"The property prices during quarter have not witnessed significant fluctuations or corrections due to moderation in demand, real estate firms or construction agencies holding land banks and slow down of launching of new residential projects and/or progress of the existing projects," it added.

As per the Residex, which tracks property prices movement in 15 cities, residential property rates in Surat rose by 9.4 per cent followed by Chennai at 9.2 per cent, Pune at 8.9 per cent, Delhi 8.4 per cent and Bengaluru 7.5 per cent.

Besides, property prices in Lucknow during quarter rose by 7.1 per cent, Faridabad 5.8 per cent, Ahmedabad 2.5 per cent and Bhopal 1.4 per cent.

The index has taken into account the price trends for residential properties in different locations and zones in each city as per classification devised for the purpose, NHB said in a statement.

The index seeks to provide a "better understanding" of the trends in the residential property market and is helpful for consumers, property dealers and other stakeholders.

As the Residex evolves, it is expected to bring greater uniformity and standardisation in the valuation of properties across the industry, NHB said.

HydSkyScraper

February 16th, 2012, 08:45 AM

Good time to invest?

Source: http://economictimes.indiatimes.com/markets/real-estate/news-/housing-prices-in-mumbai-kolkata-down-delhi-rates-up-in-q3/articleshow/11901767.cms

scrap story:bash:.
I have been searching for good property in hyd for last 6 months and seen only property prices inching up.

ygvjs2000

February 16th, 2012, 01:39 PM

Britain for Consulate in Hyderabad
http://ibnlive.in.com/news/britain-for-consulate-in-hyderabad/230670-60-121.html
HYDERABAD: A British delegation under the chairmanship of UK MP Jeremy Browne called on chief minister N Kiran Kumar Reddy at the Assembly and expressed interest to establish a British Deputy High Commissionerate at Hyderabad. The chief minister assured all cooperation from the government. Browne, the minister for state for foreign affairs, said he was delighted about the� growing links with Andhra Pradesh in trade, investment, education and research.
�He said his country was keen to bring a high-level delegation to the Convention on Bio-Diversity to be hosted in October. Browne said he was pleased to see UK companies like BP, HSBC and 3i investing in AP and also wanted companies like Dr Reddy’s Laboratories investing in the UK. He also referred to the academic partnerships that University of Cambridge and others have with city institutions.
Mike Nithavrianakis, British deputy high commissioner in southern India was present.

Gudavalli

February 17th, 2012, 08:14 AM

Source: http://ibnlive.in.com/generalnewsfeed/news/biotech-to-have-more-ma-activity-due-to-fund-crunch-report/963753.html

Hyderabad, Feb 15 (PTI) Paucity of adequate funding for the Indian biotechnology sector for expanding its operations forces the industry, look towards mergers and acquisitions (M&A), according to Yes Bank. The Indian biotechnology sector is not just finding it difficult to raise funds from the public, but also from the private equity sector as well, Yes Bank said in its report on biotech industry, titled 'Indian Biotechnology Ecosystem- an Investment Perspective'. "Further, the investments, which are made, will be in several tranches tied to milestone payments and not in lump-sum, as was wont to be the case earlier. However, Yes Bank expects the M & A activity in the sector to see a significant rise, as small niche companies exhaust their cash surpluses and start exploring new models for restructuring their business, the report said. Most investors are unwilling to invest in Life Science companies' R & D activities, as they prefer funding companies, whose product and market are clearly identified, forcing Life Science entrepreneurs to be unable to raise sufficient funds for basic R & D through equity investments, it says. "The current conservative investor mindset is resulting in Indian investors looking to fund matured companies. Most of the deals done over the last few years have been for manufacturers of generic drugs or contract manufacturers, as these are perceived as fairly low-risk businesses," it further said. The Bank opined that a majority of the IPOs will be from the pharmaceutical sector, as most companies in the biotech and medical devices sectors in India are still at a nascent stage as the recent years have not been successful for Life sciences IPOs owing to the current weak market conditions and global economic cues. The situation has led to a huge gap between the companies' expected valuations and those arrived at by the investor community. Within the Life Sciences Industry, Biotechnology has been identified as a key area of growth with the Global biotechnology market predicted to surpass USD 320 billion by 2015. The global Biotech industry is lead by US, followed by advanced European countries. Developing countries such as India and China are soon emerging as major Biotechnology markets, according to the report. Indian Biotech market has tripled over the last five years, and is projected to grow at a CAGR of over 20 per cent to achieve a market size of USD 8 billion by 2015. The global biotech market for 2010 is around USD 85 billion and is expected to reach USD 320 billion by 2015. There has been a large gap between the funding available for this sector and the funding required by the players to achieve their full potential, it said.

Gudavalli

February 18th, 2012, 06:17 PM

Hyderabad’s real estate sector has been quite upbeat recently compared with last year.

Source: http://www.thehindubusinessline.com/features/investment-world/article2907528.ece?ref=wl_mentor

Developers are keen that the Government considers the concerns of both realtors and end-users.

With the Union Budget for 2012-13 in the offing, the real estate sector is hoping for announcements that will benefit the sector. The sector, which has gone through a tough business cycle impacted by a prolonged slowdown that hit sales volumes and the overall prices, has begun to find its feet again.

The real estate sector players are keen that the Government considers the concerns of both the realtors and the end-users, so that the sector gains further momentum.

An interaction with a cross-section of developers based in Hyderabad shows that they all want the tax exemption limit to be hiked, and the interest rate for housing lowered, possibly treating buyers up to Rs 25 lakh to lower interest rates.

BUOYANT MARKET

The Managing Director of luxury home developer Koncept Ambience, Mr M. P. Agrawall, said that the real estate sector, which is part of the larger construction sector, is amongst the largest employers, with a big cascading impact on some other sectors like steel and cement. Unfortunately, real estate is also heavily taxed, with nearly 27 per cent going towards duties, taxes and registration.

“Any tax relief will only help the buyer, as it will bring down the overall cost of acquisition,” Mr Agrawall explained.

Referring to the market situation, Mr Agrawall said the market in Hyderabad during the past few months, compared to last year, has been quite buoyant, with the Telangana stir issue becoming less prominent. Developers are gradually increasing the prices after they had bottomed out. The prices have gone up by Rs 300-500 per square foot, in line with input costs.

“The demand-supply situation is fine now. The oversupply situation may not hold good for too long, as builders delayed taking up new projects. This means, during the next six months or so, we may see a situation where there isn't enough supply,” Mr Agrawall felt.

The President of Andhra Pradesh Real Estate Developers Association, Mr Prem Kumar, said issues relating to IT ceiling increase and lowering of interest rates are being actively debated within the sector, as these two could play a role in acceleration of the market and also playing on buyers' sentiment.

GOVERNMENT ORDER

But in Hyderabad, a Government Order was passed a few quarters ago, for projects of one acre and above, to reserve a part of the land for lower-income group housing onsite. This has held up several project launches. The Government sources have indicated that this is likely to be tweaked a little to encourage project developers, says Mr Prem Kumar, speaking on behalf of the real estate association.

The General Manager of Ramky Estates & Farms Ltd., Mr D. R. Patnaik, said “The interest regime needs to soften from the highs we have seen during the last few quarters. Even a 0.5 per cent drop in rates has a major impact on the mind of a prospective buyer. From a high of approximately 10.5 per cent, it needs to come down.”

There are two options that the Government could consider. One is the increase in exemption limit for borrowers when it comes to Income Tax payments, the other is treating buyers in the housing segment below the Rs 25 lakh category with lower interest rates, Mr Patnaik said.

ACTUAL USERS

Mr Agrawall maintained that the “actual users” market has revived. They also know that the prices have bottomed out so much so that the only change they are likely to see is that the prices going up in future.

In fact, rates in some of the smaller cities in the State are now on par with Hyderabad in the peripheral areas.

He also felt that some speculation is good for the market, as it creates more interest in going beyond end-users.

In pre-budget expectations, Mr Pranab Datta, Vice-Chairman and Managing Director of Knight Frank India, told Business Line that in the last budget, the Government had announced a tax rebate under 80CCF for investments in infrastructure bonds.

This helped NHAI, REC and some others to raise funds from the public for infrastructure investments. Hopefully, this tempo will continue.

The Budget should continue to focus on other such fiscal incentives to increase spend on infrastructure.

What the country needs is a long-term perspective plan which factors growth during, say, the next two decades or so.

If the Government is keen that the country sees a growth of 9-10 per cent, developing infrastructure, of which real estate is a major component, is vital.

“To address this, we need to develop infrastructure and support by creating projects that bring in FDI, whose flow had come down lately,” Mr Datta said.

Gudavalli

February 20th, 2012, 07:28 PM

Source: http://www.mydigitalfc.com/jobs/pune-hyderabad-see-11-growth-hiring-138

Recruitment activities to grow 8% in tier-III cities during Jan-June
A positive trend in recruitment is expected in smaller towns and mini-metros during the first half of 2012 on the back of increased hiring in sectors such as engineering & manufacturing, says a survey.

According to the survey by recruitment tendering platform myhiringclub.com, hiring activities are expected to grow by 11 per cent in tier-II cities such as Pune and Hyderabad during the January-June period of 2012 compared to the year-ago period.

In addition, 8 per cent growth in recruitment activities may be witnessed in tier-III cities like Jaipur, Ghaziabad and Kochi during the first half of the 2012 from the year-ago period.

Tier-II and tier-III cities seem to be gaining ground, compared to the metros as companies continue to look at them as cost-effective destinations.

“Employees from these cities are having very low attrition rate and cost effective compare to metros. That's the main reason where employers had started preferring candidates from these cities,” MyHiringClub.Com CEO Rajesh Kumar said.

Manufacturing and engineering, retail, FMCG, banking and financial services and IT/ITeS are major sectors that would see maximum hiring from smaller cities during the period under review and the survey expects that similar hiring trend will continue during the second half of the year as well.

In terms of sectoral analysis, the manufacturing and engineering space is expected to account 28 per cent of total hiring from tier-II and III cities followed by FMCG (18 per cent), retail (17 per cent), IT and ITeS (17 per cent), automobile (15 per cent), insurance (14 per cent), banking and financial Services (11 per cent) and telecom (9 per cent).

Pune and Chandigarh would contribute 26 per cent of total recruitment in first half of 2012 followed by Ahmedabad (22 per cent), Lucknow (21 per cent) and Jaipur (18 per cent).

The survey was conducted among nearly 1,000 employees and recruitment consultants across 12 industry segments (healthcare, infrastructure, hospitality, real estate and construction, BFSI, IT and ITeS, training and consulting, FMCG, telecom and automobile) in 112 cities.

ygvjs2000

February 21st, 2012, 07:31 PM

http://www.business-standard.com/india/news/my-home-plans-rs-500-cr-project-in-hyderabad/465349/
My Home plans Rs 500 cr project in Hyderabad
Hyderabad-based real estate company My Home Constructions is planning to build a 450-apartment residential complex at Hitec City here with an investment of Rs 500 crore.

The project, aimed at high net worth individuals, would come up on five acres. “We will announce the project next month, and it would be completed in the next two years,” said J Rameswar Rao, chairman and managing director, My Home Group. The project will be internally funded.

Speaking to Business Standard at the launch of Yashoda Charitable Foundation’s training programme here recently, Rao said the real estate prices were showing an upward growth in Hyderabad after a slowdown of two years. The prices had already gone up 10 per cent, compared with the prices three months ago, and was likely to see an increase of 15 per cent more in the near future
“Over the last three-four years, no major project has come up in the city. So the market has become more demand-oriented with less supply, which is resulting in the increase in real estate prices,” he added.

Apart from the luxury apartment project, the company is planning projects at Attapur and Shamshabad in the city.

My Home Group, which is into construction, cement and power, is also planning to double its cement production capacity to 10 million tonne over the next three years, Rao said.

It has two production units — in Nalgonda district and at Visakhapatnam in Andhra Pradesh —with an annual production capacity of 4.7 million tonne. It sells cement under ‘Maha Gold’ and ‘Maha Shakthi’ brands.

Last year, the group recorded revenues of Rs 2,000 crore, of which cement contributed Rs 1,200 crore, power Rs 200 crore and real estate Rs 600 crore.

“We expect a 20 per cent increase in the revenues to reach Rs 2,500 crore by this financial year,” he said.

Gudavalli

February 21st, 2012, 10:44 PM

Source: http://timesofindia.indiatimes.com/city/hyderabad/Hyderabads-software-hub-shines-brightly/articleshow/11983465.cms

HYDERABAD: Call it yet another shot in the arm for Hyderabad's image as a global IT/ITeS hub. The city's IT district locations of Madhapur and Gachibowli have been rated among the fastest growing office locations in India by a leading realty consultancy firm. The survey has rated Hyderabad's suburban market, comprising Madhapur and Gachibowli, at the fourth spot in India among the 15 most fastest growing office locations in the country in terms of growth in rental values.

Hyderabad's suburban area rentals grew 19% to Rs 38 per sft in December 2011 from Rs 32 per sft in December 2010 in terms of growth, only behind three prime office space locations of Kolkata that include the Rash Behari Connector, which ranked at top spot in India with a 28% rental growth to Rs 73 per sft by a Cushman & Wakefield report on 'Office space across the world 2012'.

The rental growth of Hyderabad's suburban market was rated ahead of prime office locations like Mumbai's prime Bandra Kurla Complex that saw rentals grow only by 7.7% but on a larger base of Rs 280 per sft from Rs 260 per sft or Chennai's Anna Salai, RK Salai areas that saw rentals rise 9% to Rs 60 per sft from Rs 55 per sft.

According to the consultancy firm, the IT/ITeS sector continues to dominate Hyderabad's office market, accounting as it does for 78% of total absorption of office space, with Madhapur and Gachibowli alone enjoying the lion's share of 77% in the total office space absorption.

In fact, the October-December 2011 period alone saw some major deals being struck by IT biggies like Google, Deloitte and Xilinx, all of whom mopped up between 90,000 and 95,000 sft space each in Hyderabad's IT district. "Hyderabad is surely one of the locations considered by IT companies when they are either looking at setting up shop in India or expanding their presence," points out Ravi Ahuja, executive director, Cushman & Wakefield, India.

However, the findings also show that office space rentals in other areas of Hyderabad have either remained stagnant or de-grown over the past year. If areas like Banjara Hills (excluding certain prime roads) and Jubilee Hills as well as peripheral markets like Shamshabad and Uppal saw rentals stagnate between December 2011 and December 2010, rentals in CBD (central business district) of Banjara Hills Road No 1,2,10,12 and off-CBD areas like Begumpet, Somajiguda, Raj Bhavan Road and SP Road have showed a negative growth over the past year.

IT industry representatives say they are not surprised at the findings. "Gachibowli and Madhapur are not only among the fastest growing in India but also the only areas in Hyderabad where office rentals are moving up because IT and ITeS companies are on an expansion spree and driving demand," says IT and ITeS Association of AP secretary general Bipin Pendyala.

"What is boosting demand for IT/ITeS office space in Hyderabad is that while realty is very reasonably priced and competitive as compared to other metros like Bangalore, Mumbai, Delhi and Chennai, the city offers better infrastructure than these cities," adds an official of Nasscom's Hyderabad office. According to IT industry representatives, though there was an existing supply of SEZ office space in areas like Uppal and Shamshabad the long commutes had kept industry focused on the IT district.

Realtors feel the skewed situation in the city has arisen out of a combination of the state government's aggressive marketing of the Madhapur and Gachibowli areas to IT/ITeS companies and the lack of space in the CBD areas of the city that has resulted in the current situation.

"The realty market of the city is shifting and expanding. Once upon a time no one used to go to Madhapur or Gachibowli but with the state government concentrating on promoting Madhapur and Gachibowli, these areas have developed rapidly over the past 10-15 years. But areas like Banjara Hills have not only very few open plots left, there are also many restrictions, limiting the supply of realty," explains Confederation of Real Estate Developers' Association of India, AP chapter president Shekhar Reddy.

ygvjs2000

February 22nd, 2012, 04:21 AM

http://timesofindia.indiatimes.com/city/hyderabad/Hyderabads-software-hub-shines-brightly/articleshow/11983465.cms
Hyderabad’s software hub shines brightly:banana:
HYDERABAD: Call it yet another shot in the arm for Hyderabad's image as a global IT/ITeS hub. The city's IT district locations of Madhapur and Gachibowli have been rated among the fastest growing office locations in India by a leading realty consultancy firm. The survey has rated Hyderabad's suburban market, comprising Madhapur and Gachibowli, at the fourth spot in India among the 15 most fastest growing office locations in the country in terms of growth in rental values.

Hyderabad's suburban area rentals grew 19% to Rs 38 per sft in December 2011 from Rs 32 per sft in December 2010 in terms of growth, only behind three prime office space locations of Kolkata that include the Rash Behari Connector, which ranked at top spot in India with a 28% rental growth to Rs 73 per sft by a Cushman & Wakefield report on 'Office space across the world 2012'.

The rental growth of Hyderabad's suburban market was rated ahead of prime office locations like Mumbai's prime Bandra Kurla Complex that saw rentals grow only by 7.7% but on a larger base of Rs 280 per sft from Rs 260 per sft or Chennai's Anna Salai, RK Salai areas that saw rentals rise 9% to Rs 60 per sft from Rs 55 per sft.

According to the consultancy firm, the IT/ITeS sector continues to dominate Hyderabad's office market, accounting as it does for 78% of total absorption of office space, with Madhapur and Gachibowli alone enjoying the lion's share of 77% in the total office space absorption.

In fact, the October-December 2011 period alone saw some major deals being struck by IT biggies like Google, Deloitte and Xilinx, all of whom mopped up between 90,000 and 95,000 sft space each in Hyderabad's IT district. "Hyderabad is surely one of the locations considered by IT companies when they are either looking at setting up shop in India or expanding their presence," points out Ravi Ahuja, executive director, Cushman & Wakefield, India.

However, the findings also show that office space rentals in other areas of Hyderabad have either remained stagnant or de-grown over the past year. If areas like Banjara Hills (excluding certain prime roads) and Jubilee Hills as well as peripheral markets like Shamshabad and Uppal saw rentals stagnate between December 2011 and December 2010, rentals in CBD (central business district) of Banjara Hills Road No 1,2,10,12 and off-CBD areas like Begumpet, Somajiguda, Raj Bhavan Road and SP Road have showed a negative growth over the past year.

IT industry representatives say they are not surprised at the findings. "Gachibowli and Madhapur are not only among the fastest growing in India but also the only areas in Hyderabad where office rentals are moving up because IT and ITeS companies are on an expansion spree and driving demand," says IT and ITeS Association of AP secretary general Bipin Pendyala.

"What is boosting demand for IT/ITeS office space in Hyderabad is that while realty is very reasonably priced and competitive as compared to other metros like Bangalore, Mumbai, Delhi and Chennai, the city offers better infrastructure than these cities," adds an official of Nasscom's Hyderabad office. According to IT industry representatives, though there was an existing supply of SEZ office space in areas like Uppal and Shamshabad the long commutes had kept industry focused on the IT district.

Realtors feel the skewed situation in the city has arisen out of a combination of the state government's aggressive marketing of the Madhapur and Gachibowli areas to IT/ITeS companies and the lack of space in the CBD areas of the city that has resulted in the current situation.

"The realty market of the city is shifting and expanding. Once upon a time no one used to go to Madhapur or Gachibowli but with the state government concentrating on promoting Madhapur and Gachibowli, these areas have developed rapidly over the past 10-15 years. But areas like Banjara Hills have not only very few open plots left, there are also many restrictions, limiting the supply of realty," explains Confederation of Real Estate Developers' Association of India, AP chapter president Shekhar Reddy.

Gudavalli

February 22nd, 2012, 07:07 AM

Source: http://www.greatandhra.com/viewnews.php?id=35941&cat=10&scat=25

Apart from the diverse culture and living conditions, Hyderabad is famous for its real estate market. It saw a crazy boom which saw poor men becoming millionaires overnight and then a fall which saw the biggest players ending up on roads. Now, the face of real estate is changing in the capital city.

It is being noticed that the city is growing vertically and people are showing interest to live within the city than in the suburbs. Therefore, the vertical rate of growth has been higher than the horizontal one. Of course, the vertical growth has also seen an increase in the pricing.

With high-rise structures in the offing, it is reported that the higher you go, the costlier it gets. The vertical zone of Hyderabad has been going through the slump due to various reasons like distance, traffic, security. However, the population boom in the city is now creating a culture of colonial townships wherein one area people don’t have to come to another area for daily needs.

ygvjs2000

February 22nd, 2012, 09:24 PM

Metro Rail helps property prices shoot up
http://www.deccanchronicle.com/channels/cities/hyderabad/metro-rail-helps-property-prices-shoot-807
The Hyderabad Metro Rail project has become the buzzword for the city’s realty sector, which has pinned all its hopes on this Rs 14,132-crore project to revive a stagnant market. Buyers are finding the project attractive owing to easy accessibility and the development that is expected to take place once the project commences operations within five years. Real estate developers have been prominently highlighting Metro Rail connectivity in their brochures and publicity material to attract buyers. They are luring customers by predicting that property prices will escalate in the areas surrounding Metro Rail stations in the next five years.

The real estate sector has seen poor demand since 2007 due to the global recession and later, from 2009, due to political turmoil in the wake of the statehood agitations. The commencement of the Metro Rail work along three corridors spread over 71 km has thus revived hopes of a real estate boom. Agents say the Metro has become a determining factor in the escalation of property prices in the city.

Property prices around Metro Rail station sites have skyrocketed as developers flocked in to invest in these prime locations. Seven Metro Rail stations have been planned, including those at Nagole, Uppal, Survey of India, NGRI, Habsiguda, Mettuguda and Tarnaka in the first phase. Property prices in areas surrounding these stations like Nagole main road, Ganesh Nagar, RK Puram, Boduppal, Vijayapuri colo-ny, Bandlaguda, Kalyanpuri, SBH Colony, Dharmapuri colony, Street No.8 main road, Sri Sai colony, Kakatiyanagar, Ramanthapur, Nacharam, Mallapur, HMT Nagar, Tarnaka, Lallaguda, Lalapet, Uppar-guda, Mettuguda, Keshavnagar etc., have shot up.

“Connectivity is a crucial factor for the real estate sector. People, especially techies who want to commute to Hitec City, were not keen to buy property in these areas due to traffic snarls. The Metro Rail connectivity will now enable them to reach Hitec City within 45 minutes. Buyers now prefer properties even in these congested areas,” said Mr C.S. Reddy, a builder.

Gudavalli

February 25th, 2012, 04:18 PM

Source: http://content.magicbricks.com/boom-in-madhapur-and-gachibowli-commercial-realty

:banana:

Hyderabad

Call it yet another shot in the arm for Hyderabad’s image as a global IT/ITeS hub. The city’s IT district locations of Madhapur and Gachibowli have been rated among the fastest growing office locations in India by a leading realty consultancy firm. The survey has rated Hyderabad’s suburban market, comprising Madhapur and Gachibowli, at the fourth spot in India among the 15 most fastest growing office locations in the country in terms of growth in rental values.

Hyderabad’s suburban area rentals grew 19% to Rs 38 per sft in December 2011 from Rs 32 per sft in December 2010 in terms of growth, only behind three prime office space locations of Kolkata that include the Rash Behari Connector, which ranked at top spot in India with a 28% rental growth to Rs 73 per sft by a Cushman & Wakefield report on ‘Office space across the world 2012’.

The rental growth of Hyderabad’s suburban market was rated ahead of prime office locations like Mumbai’s prime Bandra Kurla Complex that saw rentals grow only by 7.7% but on a larger base of Rs 280 per sft from Rs 260 per sft or Chennai’s Anna Salai, RK Salai areas that saw rentals rise 9% to Rs 60 per sft from Rs 55 per sft.

According to the consultancy firm, the IT/ITeS sector continues to dominate Hyderabad’s office market, accounting as it does for 78% of total absorption of office space, with Madhapur and Gachibowli alone enjoying the lion’s share of 77% in the total office space absorption.

In fact, the October-December 2011 period alone saw some major deals being struck by IT biggies like Google, Deloitte and Xilinx, all of whom mopped up between 90,000 and 95,000 sft space each in Hyderabad’s IT district. “Hyderabad is surely one of the locations considered by IT companies when they are either looking at setting up shop in India or expanding their presence,” points out Ravi Ahuja, executive director, Cushman & Wakefield, India.

However, the findings also show that office space rentals in other areas of Hyderabad have either remained stagnant or degrown over the past year. If areas like Banjara Hills (excluding certain prime roads) and Jubilee Hills as well as peripheral markets like Shamshabad and Uppal saw rentals stagnate between December 2011 and December 2010, rentals in CBD (central business district) of Banjara Hills Road No 1,2,10,12 and off-CBD areas like Begumpet, Somajiguda, Raj Bhavan Road and SP Road have showed a negative growth over the past year.

IT industry representatives say they are not surprised at the findings. “Gachibowli and Madhapur are not only among the fastest growing in India but also the only areas in Hyderabad where office rentals are moving up because IT and ITeS companies are on an expansion spree and driving demand,” says IT and ITeS Association of AP secretary general Bipin Pendyala.

“What is boosting demand for IT/ITeS office space in Hyderabad is that while realty is very reasonably priced and competitive as compared to other metros like Bangalore, Mumbai, Delhi and Chennai, the city offers better infrastructure than these cities,” adds an official of Nasscom’s Hyderabad office. According to IT industry representatives, though there was an existing supply of SEZ office space in areas like Uppal and Shamshabad the long commutes had kept industry focused on the IT district.

Realtors feel the skewed situation in the city has arisen out of a combination of the state government’s aggressive marketing of the Madhapur and Gachibowli areas to IT/ITeS companies and the lack of space in the CBD areas of the city that has resulted in the current situation.

“The realty market of the city is shifting and expanding. Once upon a time no one used to go to Madhapur or Gachibowli but with the state government concentrating on promoting Madhapur and Gachibowli, these areas have developed rapidly over the past 10-15 years. But areas like Banjara Hills have not only very few open plots left, there are also many restrictions, limiting the supply of realty,” explains Confederation of Real Estate Developers’ Association of India, AP chapter president Shekhar Reddy.

Gudavalli

February 27th, 2012, 03:17 PM

Source: http://economictimes.indiatimes.com/features/investors-guide/knr-constructions-an-attractive-investment-opportunity/articleshow/12033837.cms

Low debt and strong execution skills make KNR Constructions (KNRC) an attractive investment opportunity in the infrastructure space.

BUSINESS & FINANCIALS:

Hyderabad-based KNRC is a smallsize construction company catering to roads, bridges and water infrastructure segments. The company's current order book stands at `2,800 crore which is 2.7 times its FY11 revenues.

INVESTMENT RATIONALE

Among small-size infrastructure companies, KNRC is one of the least leveraged companies. As of March 2011, the company had a debt-to-equity of 0.48 which is one of the lowest among its peers. This is due to the conservative approach of the company in terms of bidding cautiously and selectively for new projects. This has helped it to successfully tide over bad times even in the December 2011 quarter.

At a time when most infrastructure companies have reported huge losses, KNRC gave a decent performance. In the December quarter, the company posted a profit after tax of Rs 16.1 crore compared to Rs 5.5 crore in the same period a year ago. KNRC with a low leverage would continue to be insulated in the current high interest rate environment. Besides, KNRC has consistently maintained its working capital cycle between 40 and 60 days.

This is one of the best in the construction industry. Backward integration of construction activities has also helped it to maintain a healthy operating margin. KNRC has captive quarrying mines and crusher units, which help to reduce operating expenses. The company's major clients include road developers like GMR Infrastructure, Sadbhav Engineering and Patel Engineering.

With a significant number of road projects likely to be awarded over the next few years, KNRC, with its execution skills and strong balance sheet, is in a comfortable position to grab a few projects.

VALUATIONS

KNRC trades at a price-to-earnings multiple of 5.5. Its peers in the construction segment like Supreme Infrastructure and Unity Infraprojects are trading at a P/E of 4.4 and 4.2, respectively. Though the stock has grown by over 22% in the last one month, it still seems to have the potential to move up further.

Gudavalli

March 6th, 2012, 09:44 PM

Source: http://www.track2realty.com/hyderabad-favoured-destination-for-investment

Hyderabad continues to be a favoured destination for investments due to its unique infrastructure, and real estate prospects are promising despite the Telangana agitation. Realty experts believe Hyderabad’s new international airport, the rapidly-growing urban infrastructure, satellite townships, cosmopolitan lifestyle & culture, and large employable talent pool for the services sector make it attractive for IT, hospitality and other services sector.
Hyderabad is basically a services sector growth-driven market and the infrastructure is getting better by the day. While the IT sector spreads to new areas around the city such as Uppal, Pocharam, Bachupally, Jawaharnagar and Shamshabad, other industries are also setting up base in the city. New investments are expected in pharma and biotech, manufacturing SEZs and research & education.
According to the Jones Lang LaSalle (JLL) report, the growth in the IT sector and new infrastructure projects such as the Hyderabad Metro is expected to give a push to housing and retail investments in the city. Investor perception of Hyderabad’s real estate market is set to turn positive.
The report said the market had remained still in the last few years because of the economic recession and relatively uncertain political conditions immediately following it. The period, which saw a correction in valuations to an extent of 30-35 per cent, was a short-term phenomenon and investor sentiments would bounce back, it said.
According to the report, though a few Greenfield projects have remained stalled, many residential projects which had seen PE investments are witnessing good sales. Hyderabad is still much more affordable, with property prices in prime precincts of the city being relatively less than in other cities.
The President of Andhra Pradesh Real Estate Developers’ Association (APREDA), Prem Kumar, admits prices have bottomed out, but input costs have gone up significantly. “We don’t see much downside from here. On the contrary, prices could firm up. Therefore for buyers, who are keen to acquire a property, there should be no reason to postpone,” he says.
Realtors believe setting up of new projects, such as the new international airport and educational institutions around Hyderabad and new IT projects in the suburbs creates new jobs that attract people to invest. This will happen again, even though the city may see a momentary subdued phase.
According to real estate consultants Cushman & Wakefield, a total demand of 2.3 million units of residential property is likely in the next five years, and the estimated supply is likely to be approximately one million, leaving a gap of approximately 1.3 million.
Unlike upward pressure on prices in cities such as Mumbai and Bangalore, where the supply is less, Hyderabad may see a lower demand-supply gap, therefore it is unlikely to see appreciation of capital values.
In another report, Cushman & Wakefield, while discussing commercial property, stated that Hyderabad, along with Chennai and Kolkata, would see a little gap between demand and supply, due to more cautious and planned developments, supported with the higher growth potential of demand.
APREDA maintains that business sentiment is better, and some of the developers are looking at launching new projects after a subdued phase.
However, just when things were looking up for the real estate sector, with some of the property developers jacking up prices by Rs 50 to Rs 200 per square feet, after a prolonged subdued phase, the agitation has impacted the overall business sentiment and also that of the buyers, a cross-section of real estate developers repent.
Speaking at an event organized by APREDA, the Chief Minister N Kiran Kumar Reddy recently stressed on the importance of the sector, which is one of the highest revenue grosser for the state. Speaking about the Government’s efforts to construct the Outer Ring Road and bring to the city the metro rail, the Chief Minister said that the two developments would greatly benefit local construction firms as they would add to Hyderabad’s infrastructure.
“The Hyderabad Metro Rail project is faced with some teething problems at present. But we have full faith in the company (L&T) and I am sure it will start work on the project soon,” Reddy claimed. Speaking about affordable housing, Reddy said that it was important to provide homes to people from all sections of society and even appealed to buyers to invest in Hyderabad’s property, the ‘T’ stir notwithstanding. “This is the best time to buy property in the city as rates have dropped significantly,” he said.
The Government’s plan to move industries from the city to the outskirts opens up opportunities for investors to acquire industrial land at good valuations for use in residential projects.
While the going during 2011 has been good for realtors, they believe 2012 can be the turnaround year notwithstanding the Telangana issue. Developers are not deterred by the consequences of the agitation, as they believe the state’s and cities fundamentals are strong.
They prefer not to get engaged in a dialogue on the T-issue as this is something which they have been grappling with over the last four to five years, each time such a development disrupting their business. This is also responsible for relatively subdued pricing compared to other major cities in the country.
However, it does not matter whether separate State is formed or not. Those who are in need of a house will buy the property any way, developers maintain.

Gudavalli

March 7th, 2012, 09:40 AM

Source: http://www.moneycontrol.com/news/real-estate/hyderabad-real-estate-update-q1-2012_677541.html

Residential Real Estate
Residential property buyer sentiments in Hyderabad have improved considerably over the last three quarters. There has been a gradual but certain increase in residential demand and absorption. That said, the market is still a long way from touching the 2007- 2008 levels.
There has been a marked increase in activity by developers scouting for suitable land parcels for residential development. More than anything else, this is a convincing indication that they want to proceed with their expansion plans and not hold on to their land, which had more or less been the trend since 2008-2009.
We definitely expect an increase in PE investments into residential real estate projects in Hyderabad in 2012. Until now, institutional capital flows had been slow in Hyderabad when compared to some of the other cities. The reasons for this were specific to the period:
In 2007-2008, the main reason was high valuations
In 2008- 2010, the global financial crisis was clearly the culprit
In 2010- 2011, the state-level political scenario depressed institutional investment sentiments
At this point in time, the real estate valuations are once again making sense, and developers as well as end users are once again in action mode. There is every reason to believe that the political scenario will take a turn for the favourable for PE investment in 2012-2013.
On the more sombre side, it also looks like residential supply is likely to outstrip demand in the foreseeable future. There is clearly a supply-demand mismatch, and unsold inventory is quite high. This fact will definitely have an impact on residential property pricing in the mid-term. That said, there are also going to be selective price rises for projects in high-demand locations having good amenities.

Commercial Real Estate
The commercial real estate sector in Hyderabad has reacted very differently from the residential sector over the past few years. In 2008-2009, the Grade A office space absorption in the city stood at approximately 2.2 million square feet. Thereafter, in 2010 and 2011, Hyderabad saw absorption of 4.4 to 5.0 million square feet year on year. This clearly indicates that corporate client did not let the political scenario upset their expansion plans in Hyderabad. In fact, all our large corporate clients such as Cognizant & Accenture have expanded their office bases over last 2 to 3 years.
What is worrisome is the fact that very few new companies have set up their base in Hyderabad over last couple of years. Notable exceptions would be JP Morgan and Facebook, along with a handful of others. Almost 90-95% of the city's commercial real estate absorption has been via expansion of existing companies.
In 2012, the lack of SEZ supply will result in city absorption being lower than in 2010 and 2011. There is a huge supply of STPI/Commercial space available for corporates amounting to approximately 4.5-5.0 million square feet, but as 50-60% of the absorption is in SEZs, landlords and developers owning STPI/Commercial spaces might feel the pressure of unsold and un-leased inventory.

Gudavalli

March 8th, 2012, 12:17 AM

Source: http://www.thehindubusinessline.com/industry-and-economy/economy/article2970952.ece?homepage=true&ref=wl_home

HYDERABAD, MARCH 7:
The residential property buyer sentiment in Hyderabad has improved considerably over the last three quarters, according to consultancy company Jones Lang Lasalle.

The consultancy, in its update, states there has been a gradual increase in residential demand and absorption. The market is still a long way from touching the 2007- 2008 levels, according to Mr Sandip Patnaik, Managing Director—Hyderabad of Jones Lang Lasalle.

“We definitely expect an increase in PE (private equity) investments into residential real estate projects in Hyderabad in 2012. Until now, institutional capital flows had been slow in Hyderabad when compared to some of the other cities,” he stated.

This was mainly due to high valuations in 2007-2008, the global financial crisis in 2008-2009 and the State-level political scenario leading to expressed institutional investment sentiment in 2010-11.

The real estate valuations are once again making sense now and developers as well as end-users are back in action. The political scenario will take a turn for the favourable for PE investment in 2012-2013.

The residential supply is likely to outstrip demand in the foreseeable future possibly impacting the pricing.

The commercial real estate sector in Hyderabad has reacted very differently from the residential sector over the past few years. Hyderabad saw absorption of 4.4 to 5.0 million square feet year-on-year. This clearly indicates that corporate clients did not let the political scenario upset their expansion plans in Hyderabad.

Cognizant and Accenture have expanded their office bases over last two to three years. However, very few new companies have set up their base in Hyderabad over last couple of years. Notable exceptions would be JP Morgan and Facebook, along with a few others.

In 2012, the lack of SEZ supply will result in city absorption being lower than in 2010 and 2011.

Gudavalli

March 8th, 2012, 06:56 PM

Source: http://timesofindia.indiatimes.com/city/hyderabad/Residential-projects-on-hold-thanks-to-controversial-GO/articleshow/12182578.cms

HYDERABAD: The state government's failure to take a final decision on the controversial GO 45, issued in January last year, has brought the city's real estate industry to a standstill.

As per Greater Hyderabad Municipal Corporation (GHMC) records, as few as four applications for building residential complexes have been submitted with its town planning department in the last 13 months. The usual number of such applications, as per municipal officials, is more than 12 per year. The four projects that have sought permission, in compliance with the GO are located in Banjara Hills, Sanathnagar, Kukatpally and Gopannapally.

While these were submitted with the GHMC between August and December last year, municipal authorities are yet to sanction the plans. "Deliberations are on and a decision will be taken on them soon," said a senior GHMC official, when asked.

The government order (GO 45) was issued by the Municipal Administration & Urban Development department directing builders, constructing on properties more than one acre is size, to earmark 20% of developed land for economically weaker sections (EWS) and lower income groups (LIG) in all housing projects. While the government claimed that the GO was a move towards providing more affordable homes to the poor, it did not go down well with city developers.

Terming it "unfeasible" builders said that the directive was flawed as the number of EWS and LIG buyers in Hyderabad was far and few in number. The opposition notwithstanding, the government initially decided to implement the GO in its original form but soon retracted. Realising that the enforcement would lead to a larger crisis --of sitting on a pile of affordable homes that have no takers -- the government constituted a committee under the MA&UD department to take a fresh look at the order. "It has been several months since this body was formed, but we are yet to hear a final decision.

Developers are waiting for the revised GO to be issued so that they can submit their plans that they have been holding on to for over a year now," said C Sekhar Reddy, president, Confederation of Real Estate Developers Association ( CREDAI), Andhra Pradesh chapter.

Reiterating how the GO, if implemented in its current state, would further burden the middle-class buyers, he said, "Builders have nothing to lose in this. If they are forced to construct so many EWS & LIG units they will extract the additional cost from the regular buyers. So the government, in revising the GO, will only help the end users, not developers."

As per industry sources, not less than 40 development projects are currently on hold due to the confusion over GO 45. Builders say they will submit their plans once the government announces its final decision. Even GHMC is hopeful that the matter will be resolved soon as the drop in applications has led to a significant drop in its revenue as it collects huge amounts as permit fee from each residential project. "The GO is under consideration and we are hoping that a revised GO will be issued soon," said G V Raghu, chief city planner, GHMC.

ygvjs2000

March 12th, 2012, 02:45 PM

$48.5 bn business expected by 2016
http://ibnlive.in.com/news/485-bn-business-expected-by-2016/238270-60-114.html

HYDERABAD: The Indian interior products market is expected to grow at a compound annual growth rate of 11.34 percent to touch $48.5 billion in 2016 from the current $44 billion, according to trade reports.
Interestingly, Hyderabad, which contributes approximately 10 percent of the total business, at roughly $4.4 billion, is one of the fastest growing cities across the country and is expected to contribute nearly 15 percent by 2016.
There are two market segments in interior design-- residential and commercial.
Both commercial business, including design of hospitals, retail outlets, offices, malls and departmental stores, and residential interior designing are booming, notwithstanding the global economic recession.
This is because of the city’s changing culture, rising income levels and the growth of hospitality business.
According to Insight Instore, a trend research and retail shopper marketing consultancy firm, the business for interior designing is on the rise considering the citizens’ penchant for personalised home design.
Products such as bathroom fittings and accessories, fabrics and soft furnishings, flooring, kitchen, lighting, office furniture, tableware, decorative products, and wall and window coverings are being increasingly sought after by both the urban middle and rich classes.

Gudavalli

March 12th, 2012, 11:27 PM

Source: http://timesofindia.indiatimes.com/city/hyderabad/Huge-demand-for-land-allotments/articleshow/12239807.cms

HYDERABAD: It is not just government agencies seeking land in surrounding Ranga Reddy (RR) district, even housing societies and associations are also queuing up for allotment of land.

The district administration is under pressure from societies and employee associations to allot land in mandals like Serilingampally (Gachibowli), Balanagar (Nizampet and Kukatpally) and Rajendranagar (Manikonda, Kokapet and Budwel).

For instance, AP Non-Gazetted Officers of Secretariat Association and AP High Court Employees' Association sought land in Kancha Gachibowli, while Telangana Non-Gazetted Officers want land in Serilingampally mandal. Similarly, Retired Government Employees' Association also requested that they be given land, but their pleas are still under consideration.

Official sources said over 300 applications were received from various housing societies and associations for allotment of land in the past five years. While only 10% of them are housing societies of government departments, the rest are associated with semi-government bodies and private housing societies.

If requests of all housing societies are considered, the district administration has to provide about 3,000 acres. Also, 90% of the associations are seeking land in surrounding areas, preferably Greater Hyderabad limits, and there are no huge parcels of government land in the vicinity.

Land available in large chunks is either in the possession of the AP Industrial Infrastructure Corporation (APIIC) at places like Shamshabad, Gachibowli and Ibrahimpatnam or the Hyderabad Metropolitan Development Authority (HMDA) in Jawaharnagar or AP Housing Board. The land was transferred to these agencies by the RR district administration in the past few years. Some parcels of land were auctioned by APHB and HMDA.

If a housing society applies for allotment of land, the collector asks tahsildar of the respective mandal to send a report whether land is available or not. Then, the basic government rate and prevailing market value of the land would also be sent in the report. This proposal would be placed before an empowered committee of Chief Commissioner of Land Administration (CCLA), which would decide on land allotment and also fix up the land rate.

"Though we receive applications for alienation of land regularly, as of now only requests of housing associations of government departments or those bodies directed by the government are being considered by the district administration," RR district law officer D Venugopal Rao told TOI.

Gudavalli

March 15th, 2012, 04:50 PM

Source: http://www.mydigitalfc.com/real-estate/gowra-hallmark-brings-villas-near-manikonda-895

The project is coming up in around 11 acre and each unit will be about 4,000 sq ft. The project is estimated to cost over Rs 100 cr

Gowra Hallmark Townships announced Gowra Hallmark Villas project near Manikonda and IT hub Gachibowli. The project is coming up in around 11 acre and each unit will be about 4,000 sq ft.

The project is estimated to cost over Rs 100 crore. This is a joint venture between Gowra Ventures, the real estate and infrastructure wing of the Gowra Group and Hallmark, which had already ex*ecuted some real estate projects in the city.

Gowra Aditya, one of the dire*ctors, said the company chose to develop villas considering the dem*and for independent dw*elling units in Gachibowli area, which boasts of several skyscrapers. “Many top exec*utives have a preference for indep*endent houses or villas,” he said.

The company is positioning these premium villas for HNIs, NRIs and top rung executives, he said adding that it would initially take care of the maintenance of the properties as well.

The gated community will offer common amenities such as club house, swimming pool, indoor sports arena, round the clock security surveillance, power back- up and a multipurpose hall that can host small parties. The project would also have a convenience store in the premises.

“There would be emphasis on open spaces, landscaping and chi*ldren playpen,” said K Gopala Kri*shna, another director of Gowra Hallmark.

This will be built as per green certification norms. For instance, to reduce the power load, natural gradient will be leveraged for water supply. The cables will go un*derground. It will also look to cr*eate terrace gardens and will have water treatment plant for sec*ondary use.

Before this project, Gowra had developed Gowra Tulips residential project at Madhapur, among others, while Hallmark developed Express Towers at Kondapur. The joint venture will look to tap the existing client base as well.

“High-end real estate segment suffered some two years ago due to sagging demand. But now the market is buoyant and demand has picked up, particularly in the last six months or so,” said Aditya about the real estate market conditions in Hyderabad. According to him, the market is due for a price correction as the construction costs, partic*ularly of land, labour, cement and steel, have gone up significantly in the recent past.

Gudavalli

March 15th, 2012, 05:23 PM

Source: http://www.thehindu.com/todays-paper/tp-features/tp-propertyplus/article2979904.ece

Auction of plots by government bodies such as Hyderabad Metropolitan Development Authority (HMDA) usually act as a parameter to gauge the mood of the real estate prevalent among property seekers.

The process not only reveals the sentiments ruling the market but in some way reflect pricing standards for different locations across the city.

Thus, a round of auction of its plots by the HMDA was keenly awaited not only by the construction industry but also by prospective property buyers for some time. In fact, the talk has been that at least 34 plots, most of them located in the happening belt of the IT and its vicinity, will be going under the hammer this month-end.

But hopes nurtured by the Hyderabad Metropolitan Development Authority (HMDA) to tide over its financial crisis with a round of auction of its plots this month, will have to wait some more time for realisation.

In a recent administrative reshuffle, Rajeshwar Tiwari who headed the body since August 2010 was transferred but after issues cropped up about his successor, the Greater Hyderabad Municipal Corporation (GHMC) Commissioner, T.Krishna Babu was given additional charge of the HMDA.

In absence of a regular head, the HMDA as of now appears to have been forced to keep in abeyance its proposal to notify auctions this month. “Auction of plots is a crucial decision and with out a regular commissioner, we will not be able to go ahead as of now,” an official said.

Left with near empty coffers and reeling under the burden of loan repayments, the body has contemplated auction of 34 plots in different parts of the city including some that were not sold in earlier auctions. The plots identified for auction are at Miyapur, Nallagandla, Ramachandrapuram, Asifnagar and also 11 new ones developed as Gopanpally extension.

These plots apart, the HMDA has its hopes tied with a 4.975 acre site at Nandagiri Hills which failed to spur the interest of prospective bidders in last year auctions as the upset per acre price then was fixed at Rs.23.95 crore. To make it more viable and be able to sell it off during this round of auction, the authorities considered offering it with a slashed down price tag.

During the February 2011 auction for plots at Miyapur and Nallagandla, the HMDA had an upset price of Rs.10,000 per square yard while it was Rs.11,000 per square yard for those at Gopanpally. “The prevailing market mood is favourably inclined towards the real estate and we hope of a more positive response for the auction. But till a regular Commissioner takes over and approves it, we might have to hold the proposal back,” the official said.

Gudavalli

March 17th, 2012, 01:39 AM

Source: http://timesofindia.indiatimes.com/business/budget-2012/union-budget/Hyderabad-cheers-half-heartedly/articleshow/12298865.cms

HYDERABAD: For Hyderabadis, the few things good about the Budget were laced with something bad. If the young were happy about mobile phones and television sets becoming cheaper, they rued the rise in service tax, which would make eating out very expensive.

Salaried employees said they were glad that there was no additional direct tax burden, but at the same time rued the insignificant rise in the tax exemption limit. The T-hit realty sector hoped that there could be some movement in the affordable housing sector, but said that the rise in steel and cement prices was a dampener.

Film enthusiasts and filmmakers were happy that service tax would not be imposed on the industry but across sectors Hyderabadis admitted that evading tax is not going to be easy anymore.

"The Budget has been very disappointing given the blanket rise in excise duty of all commodities, right from soaps to clothes," rued Abhay Jain, a city chartered accountant.

The worst hit with the high service tax are students and young professionals. "Eating out is already very expensive here and we will be unable to afford it now," said Gurtejbir Sandhu, a B.Com student.

"The hike in service tax actually means we will have to pay more not just at restaurants, but also for other services like cabs or at beauty parlours," said Karthika Anagha, student, St Francis College for Women Begumpet.

But for those who have just started working the tax exemption from Rs 1.8 lakh to Rs 2 lakh was a welcome announcement.

"Most of us earn around Rs 15,000 to Rs 16,000 and so we can indeed enjoy the improved tax exemption limit," said Archana Gangadharan, who started working last October.

The city's real estate and film industry sectors welcomed the budget, the former with some reservations though.

"With a service tax exemption on affordable housing (no service tax up to 60 sq m), we can expect to see more small-scale projects in the city that have been missing from the topography so far. Also welcome has been the move to exempt rental housing from the service tax bracket.

"However, what could adversely affect the industry is a further rise in price of steel and cement. Even transportation I believe is likely to be costlier now," said C Sekhar Reddy, president, CREDAI (AP). But filmmakers were gung ho about the service tax exemption.

"That is the best thing that could have happened to the film industry. If the government went ahead and imposed service tax as it had planned to, the film industry would have got badly affected.

"I would say, it would have got finished off but now the industry will survive," said D Suresh Babu, president A P Film Chamber of Commerce.

But many Hyderabadis, however, were counting something else on Friday - Sachin Tendulkar's much awaited ton, and chose to remain oblivious to the Budget that they knew would not have anything substantial for the middle class.

Gudavalli

March 17th, 2012, 01:45 AM

Source: http://economictimes.indiatimes.com/markets/real-estate/realty-trends/budget-2012-tough-times-ahead-for-real-estate/articleshow/12294770.cms

There are winds of change blowing across the real estate segment. Developers see tough times ahead. Good market practices are the key to survival, according to industry stalwarts, speaking at the Budget India 2012, organised by MagicBricks.com.

The panelists in the discussion were Navin Raheja, President, NAREDCO & CMD, Raheja Developers, Dr. P R Swarup, DG, CIDC, Om Ahuja, CEO-Residential Services, JLL, Sanjeev Srivastva, CMD, Assotech Ltd, R V Verma, CMD, National Housing Bank (NHB), Vikas Gupta, Joint MD, Earth Infrastructure, David Walker, ED, SARE Group and Amit Raaj Jain, Sr. VP- Marketing, BPTP Ltd.

Budget at ET: Budget 2012 | Union Budget | Live Union Budget Blog | Railway Budget | Budget News | Economic Survey of India

Speaking at the discussion, Navin Raheja of Raheja Developers said, "Real estate is in for reorganisation. There are tough times ahead. The industry will be organised on the basis of the quality of functioning and the way the developers have leveraged themselves."

Dr PR Swarup, Director General, Construction Industry Development Council articulated a fear that many speakers hinted at. "I am very worried and apprehensive. I would not put my money into real estate in this scenario. I would echo Mr Raheja's view. The current way of handling the issue is likely to go on till 2014, when the parliamentary elections will be held."

Om Ahuja, CEO, Residential Services, Jones Lang Lasalle feels that "Job creation is the key. In cities like Chennai, Hyderabad, Bangalore, Pune and Gurgaon, where job creation is vibrant real estate gets a boost in terms of office space, residential and retail."

Swarup fears that the banking segment that was overleveraged to the real estate sector in 2006-2007, is now facing a host of bad debts. While the extent of the problem is not clear yet, going by the propensity of the sector to drag down economies and governments, there is apprehension that a similar scenario is brewing in India. However, not all developers need to be tarnished with the same brush.

Raheja said the way the developer reads the market and builds according to demand is the key to its success. David Walker of SARE Homes feels the group is in a good situation where it has enough liquidity to complete projects. However, the delayed approval process as well as the fact that money paid for External development Charges are not escrowed and allowed to service the particular project, is a hurdle. As a solution to this, most participants felt that both industry as well as local authorities needs to come into the ambit of a real estate regulator.

Gudavalli

March 18th, 2012, 09:41 PM

Source: http://ikylpi.posterous.com/why-invest-in-real-estate-in-hyderabad

Nowadays purchasing real-estate is now a popular trend, people see a big future inside real estate. Real estate dealing has additionally become a significant supply of much money for most people. All you have to accomplish is find the proper kind of property and invest in it and after a several years understand the development in bat dong san investment.

Investing in real-estate of Hyderabad:

Many people still need doubts about purchasing real-estate in Hyderabad, and the time is just right to spend money on real estate. Hyderabad has gained a reputation for itself inside global market, and the city grows in a steady rate. Now is the proper time and to spend money on property in Hyderabad, the development in IT sector and business have prompted many visitors to go on to Hyderabad. And the place and the beauty with the city have also influenced a lot of visitors to spend money on property in Hyderabad. Here are some with the reasons regarding why you must invest for property in Hyderabad.

Development in IT industry, international airports, and new projects like IT parks; hardware parks, star hotels etc have influenced the life of Hyderabad. All these projects make Hyderabad essentially the most happening destination to spend money on property.

Many MNC have setup their Indian offices in Hyderabad, which subsequently encourages lots more people to be employed in Hyderabad.

The cost of just living is pretty low on this city in comparison with other cho thue van phong ha noi metropolitan city.

Government has many offices situated inside location.

There are various forms of real-estate opportunity available for you in Hyderabad; there are lands, independent homes, apartments. There are more homes and lands for sale, with more plus much more people looking to get property in Hyderabad you wont possess a lot of time left.

More plus much more folks are thinking about buying property not simply inside main areas like Jubilee Hills and Banjara Hills. But many of which will also be thinking about buying property inside outskirts with the city; we view a tremendous increase inside outskirts for the main reason that with the IT industry. So now it is possible to find properties of great value about the outskirt cities like Nanakramguda, Manikonda, Gopanpall of Hyderabad.

Wherever you purchase property in Hyderabad, it is possible to find all that you may should live a comfortable life within five kilometers of your respective home. So once the city keeps growing at this kind of rate then it?ll help make your investment worthwhile.

real Estate Investing in Hyderabad offers many rewards like steady cash flow, security, long-term wealth as well as other tax benefits. With town growing in this kind of rate you will discover the property values are always van phong cho thue going up.

Now is the proper time and to spend money on property in Hyderabad, if the thing is the past trend with the growth with the city you may regret not purchasing property in Hyderabad. The growth with the city has additionally influenced many NRIs and foreigners to spend money on real estate.

Gudavalli

March 18th, 2012, 09:43 PM

Source: http://www.grotal.com/Video-Of-real-estate-in-hyderabad-bounces-back-after-recent-political-crisis-V40659

ygvjs2000

March 19th, 2012, 05:05 AM

wow very nice article.
Source: http://www.grotal.com/Video-Of-real-estate-in-hyderabad-bounces-back-after-recent-political-crisis-V40659

Gudavalli

March 21st, 2012, 06:23 PM

Source: http://postnoon.com/2012/03/21/local-demand-drives-sale-of-small-homes/38911

HYDERABAD: The real estate buyer sentiment is getting better in the last three quarters as compared to the corresponding period last year. Still, many demur at jumping in for a buy as an investment but the ambience have of late been changing for the better.

However, there is obvious growth in people buying for living purpose. Earlier, 40 per cent of the property buying was driven by home investors mainly from coastal Andhra living in developed countries and by North Indians. This segment is dormant now. Either they are investing in their native places or keeping quiet, said PV Ravindra Kumar, CEO, Vasathi Housing Limited.

The interests from NRIs, who want to return to the country at a future date, are gradually bouncing back with T-stir in low ebb. The sales will clearly grow in coming months, said N Jaiveer Reddy, Chairman, CREDAI.

There is a definite growth in the property buying from the locals who are doing various jobs in the City. They are purchasing flatsin the lower mid section ranging from Rs.25-40 lakh with the size of 800-1,350 sq ft, which has good facilities and is of good quality construction. The fast selling locations are Madhapur, Kondapur, and in the surroundings of Gachibowli. There is a lot of development happening residential societies along the corridor of the outer ring road, said Ravindra Kumar.

There is a 10-15 per cent growth in sales in the six months. Three-bedroom flats with 1,500 sq ft and two bedroom flats of around 1,200 sq ft are seeing the maximum number of sales, said Reddy.

The builders in the city want to give further momentum for sales by not increasing the property prices with the new budget. They were affected with the 2 per cent hike in service tax and also two per cent increase in excise duty on cement and steel (raw material), he said.

There is a decline in sales of big size flats with 2000-3000 sq ft which is most sought after for investment. These premium flats range from Rs.75 lakh- Rs.1 crore. The disinterest from investors lead to fall of sales in these kinds of flats, said Ravindra Kumar.

Talking about demand and supply ratio, he said lot of big companies invested heavily and developed flats of around 2,500 sq ft size targeting the investors. These were initiated before recession, when the market is at its peak. The subsequent events such as recession followed by political agitation left these flats unoccupied. Buyers are ready to invest in real-estate irrespective of the division of the state or not. But, they do not want any political unrest. Any decision from the government on the division of the state would not increase sales overnight. The confidence will be built gradually in the minds of investors, he said.

ygvjs2000

March 22nd, 2012, 09:30 PM

http://www.thehindubusinessline.com/companies/article3155205.ece?homepage=true&ref=wl_home
Assotech to go pan-India with serviced apartments
NEW DELHI, MARCH 23:
Delhi-based real estate player Assotech Realty has said it will take pan-India stride by opening serviced residence in 25 major cities across India.

“We have already acquired land in Hyderabad, Ahmedabad and Katra in Jammu to launch our serviced apartment projects. We are in the process of acquiring land in other major cities,” said Mr Neeraj Gulati, managing director of Assotech Realty.

Speaking on the upcoming project, Assotech Business Cresterra, he said that the project is a mixed use project and will include high-rise offices, four-star level serviced residence and high street retail ‘Sandal Street'.

The company said it will invest Rs 250 crores in its upcoming project on the Noida Expressway. The project will be funded partly through debt and partly through internal accruals.

The 14-acre project will have a total saleable area of 1.4 million square feet comprising 1.2 million square feet of office space, 150 service apartments and about 70,000 square feet of retail space.

The serviced apartment, about 775 sq feet, will be priced at Rs 46 lakh. “There will be 142 serviced apartment in Sandal Suites and will be managed by us. In other locations, we are still working on the blueprints.”

Gudavalli

March 24th, 2012, 01:26 PM

Source: http://www.moneyguruindia.com/article.php?cid=3351&id=5

Jones Lang LaSalle, a financial and professional services firm specialising in real estate services, has identified a few key centres across India as markets with highest potential for residential property investment.

These cities include NCR, Lucknow, Chandigarh and Jaipur in north India; Bhubaneswar, Kolkata and Guwahati in East India; Ahmedabad, Mumbai, Pune and Nasik in West India and Hyderabad, Bangalore and Chennai in South India.

"Within these cities lie the opportunities for a higher delta of capital value appreciation, depending on the demand and supply dynamics of their micro markets and also the quality of the development, reputation of the developer, strategic value of the location and timely completion of projects," says Sanjay Dutt, CEO of business at Jones Lang LaSalle India.

Dutt said in order to mitigate most of the investment risk, one should restrict to residential property investment to tier 1 and select tier 2 cities.

"It is also most prudent to invest in properties where the price tag falls between Rs 2,500-5,000 per sq feet, since such a price tag provides downside protection against any capital value erosion.

"Simply put, the cost of construction and minimum cost of land literally makes this price segment safe, and almost guarantees capital appreciation," he said.

Dutt said it is important for investors to understand the property cycle so as to identify the best entry point.

"Investors should keep an eye on the market and sell a residential property at the right time in order to multiply wealth. If the necessary precautions are taken, real estate should give a consistent return of 15 per cent per annum for three years. It is important to remember that one can almost never sell at the peak, just as it is impossible to always catch the lowest price," he said.

samurai_4u

March 26th, 2012, 07:53 PM

Hey Guys,

I want to buy a plot around 350 Sq yards around madhapur, kottaguda, kondapur, gachibowli, manikonda area. I am looking for something around 25000 per sq yard. I am looking for a decent colony environment so that there is some community for kids. Can you please suggest any colonys around these areas?

Appreciate any help

Krishna

Gudavalli

March 27th, 2012, 07:57 PM

Source: http://ibnlive.in.com/news/good-time-for-a-sweet-dream/242950-60-121.html

HYDERABAD: For all those who thought Hyderabad was a costly city to live in, the latest statistics signify otherwise.
The city is ranked second in India, among 15 considered, for declining real estate prices in the year 2011, with the Economic Survey 2011-12 report tabling a decline by 14% in residential property cost in the twin cities, while a separate survey by the National Housing Bank has put the reduction rate at 8% for the quarter Oct-Dec 2011, as compared to 2010.
“Yes, there has definitely been a drop in prices by 5-8% in Hyderabad.
But if one asks for the drop in real estate prices in Hyderabad for the year 2011, one has to look at it more as a necessity of investors to postpone their purchases due to the unstable political situation prevalent last year and absence of any major infrastructural developments, rather than just lack of demand.
Such factors did lead to a 20 per cent decline in volume of sales, which ultimately affected the pricing,” said P Prem Kumar, managing director of Doyen Constructions and president of the Andhra Pradesh Real Estate Developer Association (APREDA), who added that even projects for commercial purposes have found less takers, with only half of the available 5 million sq ft of space in 2011, being actually sold off.
Echoing his sentiments, ML Rao, joint secretary of the AP Realtors Association (APRA), who also runs Equate Realtors, a real estate consulting company, felt that the real estate scenario in Hyderabad was a bubble waiting to burst anyway, what with prices in peripheral regions being excessively inflated to create an artificial demand.
“Prices in main areas like Banjara Hills, Kondapur, Jubilee Hills etc haven’t risen majorly over the past 10 years.
Instead, if one notices, it is outer areas like Shamshabad, Patencheruvu etc where prices were inflated earlier, have suffered now due to lowered demand.” Statistics provided by the National Housing Bank report supports this claim, with prices declining by atleast 10% in the North Zone region (Serilingampally, P a t a n c h e r u v u , Ramachandrapuram, Kukatpally) in Oct-Dec 2011, as compared with July- September 2011.
Prices in other zones, including the Old City, have come down only by 3-5%, as compared to the previous year.
LUXURY FLATS TAKE THE BEATING
But even as the real estate scenario in Hyderabad witnesses plummeting fortunes, the lower end residential buildings in the range of `30- 50 lakh continue to be firm favourites.
“It’s the luxury residential segments which have been hit the hardest, especially properties greater than `80 lakh,” pointed out Prem Kumar.
He felt that the Government Order No.
45, which has made it mandatory for all large-scale projects to keep aside 20% of land for residential projects designated for Economically Weaker Sections (EWS) and Lower Income Groups (LIG), has proved to be a dampener for the developers of the same.
“Not a single new, major project has been initiated in Hyderabad over the past 12 months due to this and the other factors mentioned earlier”, he rued.
Added Sumit Sen, a realtor and owner of Prajay Engineers Syndicate, “Many bigger projects are today unviable to execute, forcing realtors to sell the space at throwaway prices, or take in more loans to keep themselves afloat.
Even the so called decline in real estate prices is mainly due to the discounts being offered.” But this very problem is what is expected to turn the tables this year for the realtors.
With no new projects coming up, and a few emerging realtors shutting shop quietly, the market is expected to even out, levelling the mismatch in supply-demand existing now.
“2012 will be better than 2011.
There will be no new projects to boast of and space for office, commercial and residential purposes will be limited.
Thus while the buyer interest continues to remain, the narrower choice of living spaces on offer will make the market competitive and shoot up prices,” Sen hoped.
Both Sumit and Rao conceded that the ripples of the same are already being experienced in the city, with January sales and prices this year recording higher growth than 2011.
“Bigger projects will give way to smaller, more economical ones this year.
The number of constraints will force it so, but the condition of price reduction will either improve or remain same,” opined Rao.
APREDA’s property fair to be held later this month, is part of the morale boosting drive by the realtors in the city to regain lost ground, before the fiscal year ends.

ygvjs2000

March 28th, 2012, 04:21 AM

http://www.business-standard.com/india/news/edelweiss-housing-eyes-rs-300-cr-loan-bookhyd/469223/
Edelweiss Housing eyes Rs 300-cr loan book from Hyd
Edelweiss Housing Finance Limited (EHFL), the wholly-owned housing finance subsidiary of Edelweiss Capital, is targeting a loan book of Rs 300 crore from Hyderabad by 2015.

Launching its operations here on Tuesday, Anil Kothuri, head (retail finance), Edelweiss Capital, and chief executive of Edelweiss Housing Finance, said, “Hyderabad is one of the fastest-growing metros in India. Over the years, the city has seen rapid growth, backed by good infrastructure and growing middle class.”

Edelweiss Housing is present in seven cities – Mumbai, Delhi, Pune, Ahmedabad, Chennai, Bangalore and Hyderabad. It is looking at expanding its presence to 19 cities in the next two years with a disbursement volume of Rs 3,000 crore by 2015.
As per a recent survey, the size of the housing finance market, which emerged in India during 1970s, was pegged at Rs 150,000 crore in 2010. The market is expected to almost double by 2015.

And, the top 19 cities in India contribute around 90 per cent to the mortgage market in the country, and will continue to dominate the market for the next 10 years, he said, adding that the company wanted to capture two per cent of the market over the next five years.

Edelweiss Housing is also looking at a balance sheet of Rs 750 crore by the end March 2012, and is looking at having a Rs 500-crore loan portfolio under its SME division (started last year) by the next financial year, he said.

Gudavalli

March 31st, 2012, 04:48 PM

Source: http://www.thehindu.com/life-and-style/homes-and-gardens/article3259149.ece

Makaan.com launches a new property tool ‘Price Trends' to help buyers take an informed decision on critical issues

Buying or renting a property is not an easy task. Absence of price related information that is collated properly by any government authority forces one to look for inputs from all over and having to tap different sources.

And most of the times, it tends to be rather confusing and misleading and ends up so wide and varied that it leaves one baffled.

Among the various issues faced by the property seekers, some critical issues happen to be ‘Am I paying the correct price for the property?', ‘Can I trust the price quoted by the seller or is there some scope for negotiation?', ‘Which is the best place to invest that will give me higher returns?' and ‘What is the current rental value for the same property?'.

Promising to help property seekers in Hyderabad take an informed decision on the above issues, Makaan.com, the property website has recently launched a new property tool called ‘Price Trends'.

Advantages

According to a press release, the tool has been customized for the need of the seekers and has several advantages.

It allows plotting of prevailing and past per square feet (psf) price for key property hot spots in the city and if the seeker has short listed areas for investment and wants to know which one is beneficial, the tool allows the comparison.

Also, the tool plots property price trends for 12, 6 and 3 months to give long and short term view of price movement. It can also plot both the capital and rental values of an area which helps one decide between Buying Vs Renting a property.

Comparison chart

If say a property seeker is looking to buy a property in Hyderabad and has short listed three areas i.e., Secunderabad, Miyapur and Gachibowli. “All that he needs to do is log on to pricetrends.makaan.com and select these localities. Within a few seconds the tool prepares a comparison chart that displays the present and past per square feet (psf) price trends. Seeker can add and remove localities till he has satisfied himself completely,” says the website.

Reference point

This tool, Makaan.com hopes, will solve the need among property seekers for a reliable and unbiased source of property prices. Commenting on the launch, Aditya Verma, COO of Makaan.com hoped that Price Trends over a period of time would become the reference point for property prices and their comparison in the Indian market.

deepakhearthacker

April 1st, 2012, 06:59 AM

Realtors project increased demand, prices
The real estate market in Hyderabad is poised to see increased demand during the next 6-9 months. All indicators point towards prices too firming up, according to players in the sector and consultancy firms. New projects are likely if the current regulation, (Government Order No. 45), which makes it mandatory to keep aside part of new projects spread across one acre or more for low income group housing, is resolved.

Mr Gopikrishna Patibanda, Managing Director of Phoenix Group, said, “There are divergent patterns when it comes to different segments of real estate — residential, commercial and retail, in terms of availability and demand.”

“Significantly, all of them are showing momentum in the past few months, after a prolonged period of subdued sentiment due to agitation. But the available space and pace of development varies from one to another due to market sentiment and requirements,” he said.

The residential projects which cater to the middle income group of Rs 30 lakh to Rs 50 lakh are in demand lately. And more developers are likely to come up with new projects in this segment. The commercial space, too, has shown demand lately, with the issues relating to agitation put behind, and companies setting up new offices.
GENERAL PERCEPTION

With the dollar firming up, the non-resident Indian community is once again on the hunt for residential projects. This forces their families at home to join them in purchasing properties, he said.

Mr Bhawarlal Jain, Vice President of Andhra Pradesh Real Estate Developers Association (APREDA), said the sector is improving and the general outlook is good. The commercial business growth, which is vital to bring in a spin-off effect on the rest of the real estate segments, is also doing well after period of subdued demand.

There is a general perception that there is more supply than demand. This is incorrect as many builders had either postponed their projects or reworked them to suit the market realities. However, the Government Order, which makes it mandatory to reserve part of the area for low-income group housing, continues to be an issue with developers awaiting some changes before embarking on new projects.

“From a developer's and association perspective, we have represented this to the Government, and are hopeful that good changes will be effected, which will encourage taking up of new projects,” said Mr Jain, who also serves as the Director at Sunway Opus.

Mr Patnaik D. R., General Manager of Ramky Estates & Farms, said there is an increase in demand for apartments, especially the ones which are compact, say below 1500 square feet, rather than those which are big. The upward surge in demand for middle-income group and affordable housing is forcing developers to look at this segment, away from luxury villas and larger apartments.
COMMERCIAL SPACE

The commercial space in Hyderabad continues to be attractive because of the price differential. As against Rs 4500 per square foot of office space in Hyderabad, it ranges anywhere between Rs 6000 to Rs 8000 per square foot in larger metros. It is, therefore, a compelling proposition for large corporate entities looking at a new centre to open their business or expand further.

This aspect of relatively lower rentals, compared to the remaining metros, and even cities like Pune, comes as a major draw for corporate houses, including IT and services firms. This is in addition to the top-class infrastructure the city has been developing for quality living, including the international airport, which provides great connectivity, Mr Patnaik said.

Mr Gopikrishna said that the hospitality sector is also witness to major capacity addition. Several projects which were put on hold due to the slowdown and clearances coming in late are all set to be completed during the year. While this augurs well for the services business, there could be a situation when there may be more supply of rooms than the real demand.

But the creation of new infrastructure attracts more investments and companies to the city. Particularly those employed, in need of apartments, tend to invest in projects which are completed rather than those coming up. This is because they can move into them immediately, rather than waiting for completion of new projects. Projects close to completion, suitable for such requirements, may not be in big supply, as many people perceive. This is also because there have been delays in launching of new projects due to the slowdown, and regulatory issues.

Mr Patnaik said that buyers are also looking at interest rates coming down during the next quarter to invest in a new home. As the new financial year sets in, they hope to buy a home of their choice, possibly paying lesser instalments compared to the present norms.

Consultancy firm Cushman & Wakefield has predicted that the shortage of top-class office space is likely to continue during the first half of 2012. And a fresh supply of approximately 1 million square feet is likely to be infused during the next two quarters. The demand for space in special economic zones is also likely to be healthy.

Keywords: real estate market, Hyderabad, low income group housing, residential projects, commercial projects, hospitality sector, Cushman & Wakefield, office space, Pune
http://www.thehindubusinessline.com/multimedia/dynamic/01039/BL1_HOME_1039673f.jpg
Residential projects which cater to the middle-income group are in demand.

deepakhearthacker

April 1st, 2012, 07:00 AM

WHAT IS GOING ON

Gudavalli

April 2nd, 2012, 08:05 AM

Source: http://www.deccanchronicle.com/channels/cities/hyderabad/nris-go-online-clear-property-tax-847

Warnings issued by the Greater Hyderabad Municipal Corporation that it will attach properties for non-payment of taxes has had a prompt response. Thousands of NRIs visited the website of the civic body, www.ghmc.gov.in, to pay their taxes online. As many as 2,779 hits from the US alone were recorded on the GHMC website between March 16 and 31.

Visitors to the site were also from the Gulf, with as many as 722 hits from Saudi Arabia in the last fortnight, 390 from the UK, 287 from the UAE, 177 from Singapore, 120 from Australia, 95 from Canada, 87 from Qatar and 73 from Hong Kong. Payments were made by mobile phones too.

GHMC’s online tax payment facility has been provided only recently, and with arrangements made with ICICI Bank (and soon IDBI Bank), payment process has become simpler for NRIs in any part of the world. “It is because of warnings and perseverance that property tax collections for 2011-12 (up to March 31) have crossed Rs 635-crore mark. It will take a couple of days to know the total tax amount paid online by NRIs,” says GHMC additional commissioner (finance/revenue) K. Shiva Parvathi.

Officials from the I-T wing of the GHMC said that a majority of NRI visitors opened the property tax page on the website, followed by the status of vacant land tax and building permissions, building penalisation scheme, layout regulation scheme, vacant land tax and trade licence dues. The status of applications, submitted by building owners wanting an Occupancy Certificate (OC), is being put on the GHMC website.

The number of ‘global hits’ is likely to increase in future as records of births and deaths in the city over the last 15 years are being posted on the website. Though the civic body has records of births and deaths from 1957 onwards, its first aim is to digitise all information up to 1995.

ranga

April 2nd, 2012, 01:14 PM

Source: http://timesofindia.indiatimes.com/city/hyderabad/Huge-demand-for-land-allotments/articleshow/12239807.cms

After EMMAR APIIC episodes one should be careful to purchase land around Hyderabad Even the govt authorities here are not dependable.

ranga

April 2nd, 2012, 01:35 PM

Source: http://ikylpi.posterous.com/why-invest-in-real-estate-in-hyderabad

What sort of English is this?I heard butler english,bolarum english,baldiya english but this beats all by miles :lol::lol::lol::lol::cheers:

ygvjs2000

April 3rd, 2012, 03:45 AM

This is the best time to invest.

Gudavalli

April 4th, 2012, 11:38 PM

Source: http://www.mydigitalfc.com/real-estate/heat-783

Residential properties across the country may see an upward price revision in the second half of this year due to higher cost of inputs and financing

Hit by slow sales, highly leveraged balance sheets, expensive financing in a high interest rate regime and rising input costs, property developers may be gearing up for a minor upward revision in prices during second half of this year.

Over last few months, the developers have managed to enhance cash flows through the gradual process of price discovery. Several factors are now going in their favour in the near-term which could lead to increase in residential property prices by around 15-20 per cent, especially in Mumbai, say industry officials.

Developers pin their hope on a fall in home loan rates in the near-term and a subsequent revival in demand. They hope to pass on the increase in input costs to customers. “It seems the worst is over for the realty sector. Residential prices are likely to go up but it will be very slow and steady,” says Sunil Mantri, chairman, Mantri Developers.

While some discounts are being offered on new projects that are being launched, the ready properties in Mumbai have seen a price appreciation of around 5-10 per cent in the last six months.

Niranjan Hiranandani, chairman of Hiranandani Group, said residential property prices are expected to go up as supply is not matching up with the demand. “Demand for housing is increasing as young people are getting jobs and are buying properties. Further, the interest rates on housing loans are also expected to come down which will boost sales of real estate properties.”

Ravi Puravankara, chairman of Bangalore-based Puravankara Projects, believes that a price increase is inevitable. “For the last six months, prices have been stable in the South. But slowly, sales are also increasing.” He feels that the increase in property prices in the next six months is unavoidable as input costs have gone up by 15 per cent, which the developers would like to pass on to customers to maintain margins.

Going forward, Mantri, however, expects that property prices are likely to remain stable for the next few months. “Home loan rates continue to be high and consumers are waiting for some correction in the rates. Once interest rates starts softening, which is expected in the next few months, sales are likely to increase and developers may look at increasing prices.”

Revival in demand in next four-six months could drive the prices northwards, say market experts. Himadri Mayank, senior manager, research, Jones Lang LaSalle India, said that while the under-construction properties have seen a downward price revision, the ready properties in Mumbai have appreciated by around 5-10 per cent depending on the locations.

Mayank said demand continues to be strong in the affordable segment and residential prices are expected to be stable in the next six months, after which, the prices are expected to appreciate by 15-20 per cent as interest rates on housing loans are likely to soften and there are less number of project launches. “Reserve Bank of India has given sufficient indications of probable cuts in key rates during the second half of 2012, which will improve home buyers’ affordability and provide lower interest costs to developers,” says Mayank.

New project launches have slowed down in Mumbai and NCR in the last one year due to delays in getting approvals and land acquisition problems. This, believe market experts, would improve cash flows for developers. Further, with rising costs of raw materials such as cement and steel, and also increase in labour costs, developers do not want to sell their properties below a price that does not justify their minimum replacement returns.

This leaves home buyers with a small window of opportunity — the next six months, when home prices should witness marginal appreciation. “After six months, a second wave of high appreciation is predicted, says Mayank.

A few developers believe that the sector will remain stable through this year. “Real estate in India is generally backed by growth in GDP and demographics. Real state cycle has been in expansion mode with sustained increase in property prices. The property market will continue to benefit from the existing demand-supply gap. I do not foresee either any boom or bust,” says Pradeep Misra, founder and director of a New Delhi-based planner cum consultant REPL.

The residential property market in Pune is steady and growing on the back of demand from customers, says Rajesh Patil, chairman and managing director, the Pune-based and BSE-listed Kolte-Patil Developers. According to Patil, the company sold over 3 million square feet in 2011-12. He said the customers have a wide range of choices for residential properties with a price tag of Rs 2,500-4,000 per square feet in the outskirts of the city. “The property prices varied from Rs 5,000-10,000 depending on the location within the central business district of the city,” Patil said. He said the flourishing IT hub, safety for women, education centre, availability of jobs and the city’s proximity to financial capital of Mumbai are driving the growth of residential property market in Pune.

“Pune’s residential market is upbeat on sales as it experienced an increase in the sell-out ratio from 78 per cent to 80 per cent in the 20 micro markets in the Pune Metropolitan Region in the last six months and the overall property prices are likely to see a rise of 15-18 per cent,” Rohit Gera, managing director at Gera Developments and vice president of Confederation of Real Estate Developers Association of India, Pune Metro told FC Build.

In Hyderabad, developers are predicting a price hike as the prices of cement, labour and steel have increased by nearly 30 per cent in last one year, according to P Dashrath Reddy, secretary general of Andhra Pradesh Real Estate Developers Association. The city is witnessing dual trends — one, the supply is less for affordable housing, and the other being high-end housing is expanding in its periphery. “About 15,000 dwelling units are in the making within the city and the demand currently could be about 10,000 to 12,000 but this gap will close down very soon,” says Reddy. The preference has been for the flats that are priced around Rs 25 lakh, he said. The rate structures have, more or less, reached a plateau with only a little scope for bargain. The properties are priced at Rs 1,750 per sq ft to Rs 4,000 per sq ft, varying with the location and specifications.

The high-end real estate segment in Hyderabad was a hit two years ago due to the sagging demand. “But now, the market is buoyant and demand has picked up, particularly in the last six months or so,” says Gowra Aditya, one of the directors of Gowra Hallmark, which is implementing a villa project near Manikonda, closer to IT hub area Gachibowli, in about 11 acre.

Unlike other markets, Chennai property market has seen an average 30 per cent increase over the past one year. "While land prices have gone up by 30 per cent over the past year, the apartment prices too have increased by 15 per cent during the period. Going forward, the apartment prices are likely to increase further even for the already launched projects as most projects are priced based on the land cost,” says TSS Krishnan, COO, Appasamy Builders.

In the case of peripheral areas — beyond Siruseri on the OMR (IT Corridor), beyond Thambaram (GST Road) and beyond Poonamallee (Chennai - Bangalore National Highway), the prices had either dropped or just about clinging on to the past levels. "But, properties inside the city have seen rapid rise in prices," says Krishnan.

In the case of high-end flats, the sales have been steady. In the case of flats, priced in the Rs 1.2 crore - Rs 1.3 crore range, depending on locations, it is selling fast. "In the case of suburban areas — where the supply far exceeded the demand, the sales are a bit slow. With social infrastructure yet to be fully established, people who had bought flats too are moving in only slowly,” adds Krishnan.

However in Kolkata, prices of residential properties have witnessed a minor downward movement during October-December, according to the latest Residex released by the housing finance regulator National Housing Bank (NHB). “The property prices during the quarter have not witnessed any significant fluctuation or correction due to moderation in demand, real estate developers or construction agencies holding land banks and slowdown in launching new residential projects.”

Nilesh Biswas, managing director, Calcutta Skyline, said that although there have been fairly respectable appreciation of property prices in Kolkata recently, there are limited takers for new properties.

Developers of some of the premium super luxury properties like South City Residency or Oasis are asking for Rs 8,500-Rs 10,000 per sq ft. But there are not many takers. Th*ere is some demand in the Rs 3,500-4,000 per sq ft price bracket. Abs*orption levels are relatively higher in areas such as Garia, Narendrapur or Behala where residential units are being sold at Rs 2,500-3,200 per sq ft.

Gudavalli

April 8th, 2012, 01:24 PM

Source: http://www.thehindu.com/news/states/andhra-pradesh/article3285055.ece

http://www.thehindu.com/multimedia/dynamic/01044/hy06Revenue_Status_1044861f.jpg

Revenue status of the district is much higher than that of city

Reflecting the popularity of real estate in outlying areas, most of which form part of the Ranga Reddy district the revenue status of the district in terms of land registrations was much more than Hyderabad so far this year.

From April 2011 till February 2012, the revenue status of Ranga Reddy was Rs.83,811 lakh against revenue of Rs.42,427 lakh reported from the Hyderabad DIG office. Add to Ranga Reddy (East) that also covers Nalgonda, then an additional Rs.50,201 lakh flows into Ranga Reddy district's kitty.

Against a total revenue target of Rs.4,986 crore for the year 2011-2012, the office of the A.P. Commissioner & Inspector General of Registration and Stamps had touched 99.83 per cent achievement of Rs.4,977 crore.

While Hyderabad almost touched its target by 87.06 per cent with a collection of Rs.42,427 lakhs, the Ranga Reddy (East) collection crossed the target and logged 100.28 per cent with revenue achievement of Rs.50,201 lakh while the Ranga Reddy DIG office achievement for 2011-12 stood at Rs.83,811 lakh i.e., 96.40 per cent of its target for the year.

If the number of documents submitted is to be taken as a performance indicator, the State received 21,40,834 documents in this year till February compared to 19,67,508 of the last year, which shows a growth rate of 8.81 per cent.

The documents pertain to different categories, the key four being sale of land, gift deeds, partition of land or plot or lease of a plot or land, according to the officials.

Gudavalli

April 8th, 2012, 01:31 PM

Source: http://www.thehindubusinessline.com/companies/article3287660.ece

HYDERABAD, APR 6:
BHEL RC Puram has recorded a net profit of Rs 1,838 core and revenue of Rs 7,072 crore for the financial year ended March 31, 2012.

The unit has achieved a year-on-year growth of 13 per cent in revenues (Rs 6,653 crore) and 38 per cent in profits (Rs 1,332 crore) in spite of global economic slowdown and power sector in particular.

According to Mr R.K.Wanchoo, Executive Director of BHEL, RC Puram, the division has completed a five-year strategic plan including a consolidation phase last fiscal, helping deliver good performance.

This facility has entered a select band of manufacturers of large sized power plant equipment of 600 MW ratings and above including super critical power plants. It supplied a high pressure feed water heater for 600 MW rating to North Chennai power project.

PATENTS

The research and development arm, which has invested Rs 170 crore, has filed for 31 applications for patents and copyrights during 2011-12. The unit has completed a technology transfer programme from its collaborator GE Oil & Gas Co of Italy and adapted technology for supercritical power plants from MHI and Alstom.

ENTERS CIS

The BHEL unit, located near here, has made entry into new markets such as Commonwealth Independent States. The supplies included to gas turbines to Belarus, steam turbines to Ukraine and to Oman.

The project Engineering and Systems Division has notched up sales of Rs 815 crore in its first year of operation. This supported over Rs 4,000 crore business of the company.

Sitting on Rs 15,000-cr order book

BHEL RC Puram is now sitting on an order book of over Rs 15,000 crore to be executed over the next 24 months.

The Executive Director of BHEL RC Puram, Mr R.K.Wanchoo, said that the unit has drawn up a Divisional Plan 2017, which expects to see a fifth of its business coming from exports. The global market has passed through uncertainties but promises to get better.

Mr Wanchoo said, “Power project developers in the country are looking at supplies from BHEL as our products are ideally suited for Indian conditions. Those who have tried to implement Chinese power equipment are coming back to us lately.”

The power equipment division has bagged projects from the likes of Reliance Industries Ltd at Dehaj, OPAL in Gujarat and from Arcelor Mittal.

“We are also looking at providing supplies to solar power sector. Having partnered a Spanish company, Abengoa Solar, which supplies photovoltaic equipment, BHEL will complement by providing steam and thermal components,” he said.

The unit has been working with plants helping them refurbish and improve productivity.

Gudavalli

April 8th, 2012, 02:09 PM

Source: http://ibnlive.in.com/news/new-building-regulations-from-monday/246790-60-121.html

HYDERABAD: The department of municipal administration and urban development issued The Andhra Pradesh Building Rules-2012 on Saturday listing comprehensive and uniform building stipulations in a huge 388- page GO (Ms 168). A gazette notification will be issued on April 9 when the new rules will come into force.
The rules will apply to all building activities in all municipal corporations, municipalities, nagar panchayats, areas covered by urban development authorities, gram panchayats covered by master plans, general town planning schemes notified under the AP Town Planning Act,1920 and Industrial Area Local Authority (IALA), Special Economic Zone (SEZ). All existing rules, regulations and byelaws that are in conflict or inconsistent with the new rules shall stand modified to the extent of the provisions of these rules.
The following are the salient features of new regulations:
Near water bodies
No building or development activity will be allowed in the bed of water bodies like river or nala and in the full tank level of any lake, pond, cheruvu or kunta/shikam lands. Unless and otherwise stated, the area and the FTL of a lake/kunta should be reckoned as measured and as certified by the irrigation and revenue departments.
Water bodies and courses will be maintained as recreational/green buffer zone and no building activity shall be carried out within 100 metres from the boundary of a river outside the municipal or nagara panchayat limits and within 50 metres from the boundary of a river in� municipal/nagara panchayat limits. The above buffer zone to be left may be reckoned as part of tot lot or organised open space and not for setback requirements.
In case of protection of the catchment areas of Osmansagar and Himayatsagar lakes, the restrictions shall be applicable in HMDA area. In case of areas along the sea coast, the coastal regulation zone regulations will be followed.
Setbacks/open spaces
Cornice, chajjas/weather shades only of width not exceeding 60 cm shall be allowed in the mandatory setbacks.
No balcony projections or corridor shall be permitted projecting within the mandatory open spaces/setbacks in case of non-highrise buildings. These, if provided for, should be set back as per the minimum mandatory open spaces and the setbacks shall be clear from the edge of the balcony or corridor. However, a portico or canopy without access to the top may be considered in the front open space.
In case of individual residential building in plots of more than 300 sqm, only the following will be allowed: a security guard booth of 2 sq.m in the front setback and a septic tank in the rear and side open spaces. A setback of at least one metre from the property or boundary line of the plot shall be provided for these structures.
Parking sheds, generator room may be allowed in the rear and side open spaces
The height of these accessory buildings shall not be more than 2.5m and shall not occupy more than a fourth of the plot’s width.� These should be so located as not to hinder fire safety measures and operations.
High-rise buildings
The minimum size of plot for a high-rise building shall be 2,000 sq.m.
In respect of sites proposed for high-rises and affected in road-widening where there is shortfall of the net plot size, up to 10 pc of such shortfall in net plot area will be considered with the proposed height and corresponding minimum all round setbacks.
Every application to build or rebuild or alter a high-rise shall be made in the prescribed form and accompanied by detailed plans with� complete set of structural drawings and detailed specifications duly certified by a qualified licensed structural engineer.
The maximum height of any high-rise in the vicinity of airports shall be decided as per the norms of the Airports Authority.
NOC from the AP State Disasters Response & Fire Services is a must.
In every high-rise building site, open space, over and above the mandatory setbacks, shall be earmarked for greenery, tot lot or soft landscaping. This space shall be at least 10 pc of the total site area at ground level open to sky and be 3 metres wide. This may be in one or more pockets with minimum area of 50 sq.m at each location. In addition to the above, a minimum of 2 metre wide green planting strip in the periphery on all sides within the setbacks are� to be developed.
Buildings abutting major roads of 30 m and above width shall be permitted only after providing black-topped service roads of minimum 7 m width with minimum two-lane carriageway within the right of way. The developer/builder/owner has to provide the above service road at his own cost.
Multiplexes
The AP Rules for Construction and Regulation of Multiplex Complexes, 2007 issued vide G.O.Ms.No. 486 Dt.07.07.2007 should be followed.
Hospitals higher than 30 m
The AP Fire Prevention and Safety Measures in High-rise Hospital Buildings (above 30m height) Rules 2011 issued vide GO Ms.No.2, Dt.03.01.2011 should be followed.
Group development
The minimum plot area shall be 4,000 sq.m.
The minimum abutting existing road width shall be 12 m and black-topped.
If the site is not abutting an existing road, access should be provided from the nearest main road by way of an approved road development plan with a minimum width of 12 m within three years.
Group development schemes shall be considered if a site is developed together with construction of building and all amenities and facilities, and not disposed as open plots.
Levy of special fees
Special fees and other fees/charges will be levied for lands/sites/premises abutting or in the vicinity of the ring road or other highways/major roads or MRTS/LRTS/MMTS/BRTS� routes.
Infra impact fee
To ensure development of the city, city-level infrastructure impact fees will be levied on buildings higher than 15 metres.
Property tax rebate
10 pc on solar heating and lighting system. 10 pc on recycling of waste water and rain water harvesting structures.

n_iceman

April 9th, 2012, 12:10 PM

This is a very interesting and informative thread.

Gudavalli

April 10th, 2012, 08:54 AM

Source: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/rakesh-jhunjhunwala-hikes-stake-in-viceroy-hotels-to-13-45-pc/articleshow/12597647.cms

NEW DELHI: Viceroy Hotels today said investor Rakesh Jhunjhunwala has increased stake in the company to 13.45 per cent with the acquisition of an additional 3.45 per cent for Rs 2.19 crore.

Jhunjhunwala, who earlier owned a little over 10 per cent stake in the hospitality firm, has bought over 14.57 lakh shares in the company from open market on April 4, Viceroy Hotels said in a filing to the BSE.

Post the purchase, his stake in the company has gone up to 13.45 per cent, it added.

Based in Hyderabad, the company owns premium hotel properties in Hyderabad, Chennai, Bangalore and Vizag, which are being managed under brands like Courtyard, Marriott and Renaissance.

Besides, the company also operates restaurants. Viceroy Hotels' scrips closed at Rs 16.70 per share, up 4.70 per cent from the previous close on the BSE.

Gudavalli

April 10th, 2012, 09:01 AM

Source: http://www.vccircle.com/500/news/madison-india-real-estate-fund-to-put-6m-in-shriram-land-project

Bangalore-based realestate developer Shriram Land Development India Ltd is raising $6 million from Madison India Real Estate Fund Limited for its recently launched residential project,according to sources privy to the development.Madison India Real Estate Fund is managed by Madison Advisors Limited and its Indian advisor is Paracor Capital.
Shriram land has two ongoing projects which includes a 30 acre gated community in Sarjapur andanother 12 acre plot development at Meesaganahalli, both in Bangalore.According to the company’s website, it has plans to commence residentialprojects at Chennai, Bangalore and Hyderabad. It also has industrial plots inHyderabad.
Ramesh Dasari,vice-president-legal and company secretary, Shriram Land, said, “We aregoverned by confidentiality agreement with our stake holders and we cannotshare any information.” M Murali, the managing director of Shriram Properties,the real estate arm of diversified Shriram Group, has a personal stake inShriram Land. A message sent to him wentunanswered.
A senior official at Paracor Capital Advisors, said, "the transaction is not yet completed."
Bangalore-based boutique advisory firm Sprout Capital Advisors is in the deal, a person with knowledge of the deal said. Sprout Capital declined to comment on thetransaction citing non disclosure agreement.
Madison India Real Estate Fund Limited is anIndia-focused real estate investment fund. It focuses on realty investments in Mumbai,Delhi NCR, Bangalore, Chennai and Hyderabad besides tier II citiessurrounding these larger metros. It pursues deals in hotels & hospitality,residential apartments and townships, commercial office space and retail mallsand shopping centers. It also looks at investment opportunities in segmentssuch as distribution centers, warehouses and special economic zones besides alliedareas like infrastructure.
Some of its other investments include Pune-basedMarvel Landmarks and Chennai-based Arun Excello Homes.
Paracor Capital itsIndian advisor also advises another Mauritius-basedfund Paracor India Investments Limited, which focuses on private equitytransactions. Paracor Investments typically invests growth capital of between $5-10 million and takes equity stakes of between 26 and 49 per cent. It focuses oninvestment opportunities in finance, logistics, food & beverage andconsumer facing companies.
For Shriram Land, thisis the second round of PE funding. In 2008, Shriram Land it had raised $12million from Samsara Capital to form its land bank in Mysore.

Gudavalli

April 10th, 2012, 09:13 AM

Source: http://timesofindia.indiatimes.com/city/hyderabad/Lukewarm-response-to-LRS/articleshow/12605344.cms

HYDERABAD: Though civic bodies started receiving Layout Regularisation Scheme (LRS) applications afresh three months ago, there has been lukewarm response from plot owners. Officials attribute the poor response to 20% surcharge imposed on the penal amount.

The Hyderabad Metropolitan Development Authority (HMDA), which has been banking on the LRS to come out of the red, is unhappy with the poor response for the second phase of the scheme. In the past three months, only 1,600 applications were received at its four zonal offices at Shamshabad, Ghatkesar, Shankerpally and Medchal, and head office.

The municipal administration and urban development (MA&UD ) department had issued a GO giving one more opportunity to plot owners for regularising their plots in illegal layouts from January 1, 2012 to June 30, 2012. Incidentally, the MA&UD department issued the GO based on the letter written by the HMDA along with the Director of Town and Country Planning (DTCP) requesting extension of LRS date.

As there has been poor response from plot owners now, the HMDA is now concentrating on engineering colleges located in the surrounding areas of the city. Of the 66 colleges, 54 engineering colleges and other educational institutions have earlier applied for LRS but did not pay the penal amount. The incharge commissioner of the urban development authority had directed the officials to pursue managements of educational institutes, which might fetch about Rs 10 crore to the authority.

The Greater Hyderabad Municipal Corporation (GHMC), which had earned several hundred crores through LRS since 2008, received only 900 applications this time. Earlier, the corporation had received 84,175 applications of which 42,000 were cleared. Another 20,800 have to pay the balance penal amount and take the proceedings. "As there is still three more months time, most plot owners might utilise the opportunity for regularisation," GHMC chief city planner GV Raghu told TOI.

Though there are several thousands of illegal layouts in and around the city, plot owners were not coming forward to regularise their plots mainly due to the surcharge. "The authorities have been collecting more towards penal amount and open space charges. For a 300 square yard plot in the surrounding areas like Uppal, owners have to cough up nearly Rs 60,000 to Rs 70,000 for regularisation. Again 20% surcharge on the penal amount would be a burden on people," BM Jayam, a resident of Hemanagar, told TOI.

The MA&UD department said the 20% surcharge should be collected from both fresh applications as well as old applications, where the owners did not pay the balance penal amount. However, the civic bodies claim over 30,000 property owners were yet to clear their dues and were not coming forward due to the hefty penalties. While 20,000 such applications were pending in the GHMC, another 10,000 applications are pending with the HMDA, where the owners have to make the balance penal amount and take their proceedings. Officials said they should be given an opportunity to make payments in installments.

Gudavalli

April 12th, 2012, 07:43 AM

Source: http://economictimes.indiatimes.com//articleshow/12630997.cms

HYDERABAD: Private-equity fund Region Holdings aims to invest up to $150 million (Rs 750 crore) across four industry sectors that are expected to gain from India's rapid urbanisation.

The US-based fund has shorlisted four key sectors - real estate, construction, technology and financial services - and has already made its first investments, co-chairman Satish Vankayalapati said.

Among the companies it has put money into are real estate firm Vasathi Housing, construction firm Claris, and a US-based technology company Orvito which has Indian operations, Vankayalapati, a management graduate from Kellogg's and former partner with global consultancy firm McKinsey, told ET.

It is also looking to acquire a non-banking financial services company and has shortlisted some from the southern and western parts of the country that focus on lending to small and medium enterprises and students, he said, declining to identify them.

"While the priority is to acquire a listed NBFC, we are also considering closely-held NBFCs which can be listed later, based on the requirement. We hope to conclude the deal over the next 9-12 months," said Vankayalapati, who expects to pay not more than $10 million to acquire a controlling stake.

Region Holdings, which has so far invested Rs 50 crore in Vasathi Housing, has committed another Rs 100 crore over the next year.

The real estate company is also looking to raise funds from the overseas markets through global listing and is in talks with investment bankers.

"We believe that there is significant appetite for companies which have western governance and transparency and which draw strength from the Indian economy," Vankayalapati said. "We expect Vasathi Housing to reach critical mass by next year-end. While filing for the global offering can happen soon, the listing may happen late 2013 or early 2014."

Vasathi has over 70 acres of land in Hyderabad, Bangalore and Vijayawada and is developing housing and commercial projects. It aims to reach Rs 100 crore in revenue by this year-end and Rs 200-250 crore next year. Vankayalapati expects Region's portfolio in India to exceed a turnover of Rs 1,000 crore over the next three years.

Gudavalli

April 13th, 2012, 05:54 PM

Source: http://www.thehindubusinessline.com/industry-and-economy/economy/article3306909.ece

HYDERABAD, APRIL 12:
Vasathi Housing Ltd has announced the launch of a new gated community project in Hyderabad catering to the urban middle class, which the company describes as “affordable luxury housing.”

The Hyderabad-based real estate developer, which has executed several projects in the city, has finalised plans to launch projects in Bangalore and Chennai later in the year.

Mr P.V.Rajendra Kumar, Chief Executive Officer of Vasathi Housing, said, “In a market where most buyers find their projects getting delayed due to clearances and late deliveries, the company seeks to present itself as a trusted real estate developer that ensures delivery of projects on schedule.”

Addressing a press conference here, Mr Kumar said the company has managed to achieve timely deliveries in all projects it has thus far implemented. This is something customers like and feel disappointed if there is delay. The Vasathi Anandi project, wherein 500 apartments are coming up in a gated community close to IT hub, will be ready by December 2012 as per schedule.

The company plans to initiate works on two projects in Bangalore. One is a six-acre site another is of 17 acres at Yelahanka. The Chennai project will come up at Sholinganallur.

Vasathi is among select real estate developers to offer third party certification provided by Bureau Veritas ensuring standard structures conforming to green building norms.

Gudavalli

April 16th, 2012, 07:41 PM

Push for prime property drives city real estate recovery

Source: http://articles.timesofindia.indiatimes.com/2012-04-15/hyderabad/31344869_1_land-rates-real-estate-registration

HYDERABAD: After passing through a three-year lull caused by recession, political instability and the Telangana agitation, things seem finally to be looking up for the prime real estate scene in the city.

Revenue collection figures at the land registration offices for the city's hot spots show handsome collections for 2011-12, post the boom phase in 2006.

This despite the Sakala Janula Samme agitation during which land registration offices remained shut for 45 days.

The Rangareddy district revenue earnings for the year 2011-12 have gone up to Rs 818 crore against Rs 678 crore in 2010-11 and Rs 417 crore in 2009-10. This registration office, which has areas like Gachibowli, Madhapur, Kondapura and Miyapur under its purview, is recording between 40 to 50 land deals daily.

The scene at the registration office for Hyderabad (south), covering areas like Jubilee Hills, Banjara Hills and Punjagutta, is more or less the same.

This office is now seeing close to 20 registrations a day unlike in the last couple of years when the market was sluggish.

Revenue generated by this registration office for the year 2011-12 was Rs 153 crore, the highest in the post-2006 period. In 2010-11, that figure was Rs 133 crore and Rs 104 crore in 2009-10.

Real estate people say this is a welcome sign. RK Narra, managing director of Aditya Nirman Pvt Ltd, said: "People who could not purchase land or flats when the rates were unnaturally high have now started investing.

"Earlier, those in the IT sector were the biggest investors, but that has changed now."

He feels that at the moment it appears that things can only get better for the real estate scene in Hyderabad, irrespective of any turbulence.

Land rates for prime locations are showing an upward trend with residential segments, particularly in Jubilee Hills and Banjara Hills, seeing rates hover around Rs 60,000 to Rs 80,000 per sq. feet.

For commercial areas the same can go up to Rs 1 lakh or Rs 1.25 lakh per sq feet.

D Sreedhar Reddy, managing director at Lanar realtors, says that the demand for commercial space has increased, adding that in this financial year alone 45 lakh sq. feet of commercial space has found buyers.

P Venkatesh, a real estate agent in Banjara Hills, further stated that there has been a steady increase in the number of enquiries which, till not very long back, would be limited to just a handful.

Gudavalli

April 16th, 2012, 08:10 PM

Source: http://www.moneycontrol.com/news/real-estate/subdued-office-space-demandq1-2012_693029.html

By Cushman & Wakefield
- Cumulative office space absorption for the top 8 cities in India fell 32%* in Q1; Mumbai (up 35%) Kolkata (up 33.7%) and Ahmedabad (up 5.6%) buck the trend
- A rise by 140% in pre-commitments compared to the previous quarter and by 41% compared to the same quarter last year.
- Demand led by IT/ITeS and BFSI sectors constituting 53 % of absorption Cumulative office space supply for the top 8 cities in India fell 24%* in Q1;
Mumbai, April 16, 2012: In the latest office market report from real estate consultancy Cushman and Wakefield, the first quarter of the 2012, noted absorption across top eight cities at 7.0 million sq.ft. registering a decline of 32% over last quarter and 6% over the same period last year. Mumbai, Kolkata, and Ahmedabad were the only markets showing a rise in absorption at 35%, 33.7% and 5.6% respectively. In contrast to declining absorption levels there was a rise by 140% in pre-commitments compared to the previous quarter and by 41% compared to the same quarter last year. Total pre-commitments during 1Q 2012 were noted at 3.7 msf across the top 8 cities. Bengaluru recording the highest pre-commitments of 2.9 msf followed by NCR (0.45 msf) and Chennai (0.1 msf).
Mumbai witnessed the highest growth in absorption at 35% due to the significant increase in space take up by the BFSI sector which is in an expansion mode. Mumbai also saw a number of large sized deals ranging from 100,000 ��" 300,000 sq.ft.; amounting to 50% of the absorption cumulatively.
Bangalore noted the highest absorption at 2.45 msf, although the absorption was lower than last quarter; it was 17% higher compared to first quarter last year. On the other hand NCR saw one of the lowest absorption levels noted at 0.55 msf due to cautious approach followed by the companies. The precommitments of 0.45 million sqft. exhibit the demand for space in this city is expected to gain momentum in the coming quarters.
On the office space supply side, a total of 6.8 msf of new office space was completed, which represents a cumulative fall of 24% Q-o-Q, . This has helped in maintaining the demand to supply gap in the office market, retaining the overall vacancy to 18%.
However, supply could exceed demand in cities like Mumbai, NCR and Chennai as these cities have a strong pipeline of under-construction inventory whilst Bengaluru is expected to witness the strongest demand. Developers may control construction activity so as to keep supply in line with the demand resulting in stable rentals during the second half.

Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India - "Though the first quarter has seen subdued office absorption, majors in the IT/ITeS and domestic BFSI sectors have already indicated plans to grow which will result in strong demand for office space during the year.. Growth in non-IT absorption is also likely to provide sustained demand in the domestic market across the major cities. Further, with the predictions of a better economic environment in the USA and the Euro zone, the Indian markets would be impacted favourably."
MUMBAI
The commercial office market in Mumbai regained some momentum in the first quarter of 2012 and recorded absorption of approximately 1.4 msf spread across all micro markets. The BFSI sector remained the highest demand driver with nearly 27% of share in absorption.. Absorption was concentrated in BKC (29%) followed by Thane-Belapur Road (23%) and Lower Parel (19%). The city saw decline in pre-commitments during the quarter since companies preferred to take up space in ready developments due to high availability.
Additionally, supply remained subdued during the first quarter of 2012 and was recorded at 1.44 msf, which is 47% less than the last quarter. There was no change seen in the rental values compared to last quarter and it is likely remain at current levels owing to competitive pressure from upcoming supply.
Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India said, "Mumbai has witnessed significant absorption from BFSI companies over the last couple of quarters. While BFSI companies continue to expand their corporate and back offices in Mumbai, activity levels in relation to consolidations and relocations are expected to pick up pace in the coming few quarters particularly from industry segments such as Pharmaceuticals and Engineering. In general, companies looking for work force convenience, image and quality will continue to relocate from South Mumbai to the secondary business district (SBD) of BKC and those looking for cost effective options will prefer Andheri and Lower Parel. Rental Values will remain stable with a downward bias in over supply micro-markets such as Andheri and Lower Parel for the coming quarter."
NCR
NCR witnessed low absorption during the quarter and was registered at 0.55 msf with pre-commitments further accounting for nearly 0.45 msf. The major chunk of the pre-commitments have been for IT SEZ spaces.
The CBD locations recorded a rental appreciation of approximately 14% over the last quarter, attributable mainly to the prevailing low vacancy levels and lack of supply. However, across most other micro markets, the rental values remained stable in the light of weak demand during the quarter.
Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India, said, "The start of the year for the office market in NCR has been slow as absorption has been extremely low. However, the fact that pre-commitments have been better this quarter and nearly equalled the absorption is perhaps an indicator that companies will increase their presence in the near future."
BENGALARU
Bengaluru’s commercial office market witnessed the highest absorption of 2.45 msf and pre-commitments of 2.9 msf approximately in the first quarter of 2012. Peripheral markets of Whitefield and Electronics City recorded the highest absorption on account of comparatively reasonable rentals. The overall vacancy level increased to 13.2% during the quarter as majority of the new supply admeasuring 1.27 msf was delivered in the latter part of the quarter. Rental values in CBD/Off-CBD micro market (M.G. Road, Millers Road, Vittal Mallya Road, Residency Road, etc.) and suburban locations (Suburban locations include CV Raman Nagar, Koramangala, Bannerghatta Road, etc.) increased 17% and 12% respectively owing to limited Grade A supply and buoyant demand.
Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India said, "Absorption levels in Bangalore will remain on the higher side as significant lease transactions are expected to be closed during the forthcoming quarters. By the end of 2012, vacancy too is expected to come down marginally."

CHENNAI
The absorption for office space in Chennai during the first quarter of 2012 was registered at approximately 0.8 msf and pre-commitments accounted for only 0.l msf.. While traditionally the IT/ITES sector had been the key demand driver in the office market, non-IT sectors accounted for majority of the absorption during the first quarter of 2012. Entire quantum of pre-commitment was registered in SEZs supply for the first quarter of 2012 was restricted to only 380,000 sf, for which suburban Guindy accounted for the majority. Existing demand for office space in CBD and off-CBD locations pushed up rentals in the by 3-4%.
Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India, says that "SEZ supply in the forthcoming quarters is likely to be significant with more than 4 msf of SEZ space charted for completion in 2012. Despite the anticipation of significant supply in the following quarters, positive demand levels are likely to keep check on vacancy levels in the market."
KOLKATA
Kolkata's office market continued the previous trend of absorptions at just over 280,000 sf and continued to witness healthy demand as absorption remained high by approximately 33.7% compared to the last quarter. Rentals in prime office locations like Park Street and Chowringhee continued to appreciate on account of steady demand from various non-IT/ITeS companies. Supply was recorded at 0.6 msf, almost 41% higher than last quarter’s supply.
Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India, said, "The IT/ITeS sector continued to be the key demand driver for the quarter. However, entry of companies from various other sectors like engineering and automobiles was also noteworthy. Rentals in prime office locations continued to appreciate on account of steady demand faced with lack of supply."

PUNE
Approximately 55% of this Pune's office space supply was in Special Economic Zones (SEZs) during 1Q 2012. During the same period, the city recorded absorption of just over 0.7 msf.. Absorption was highest in SEZs, which accounted for 47% followed by the Software Technology Parks (STPs) and commercial non-IT office buildings, absorbing 38% and 15% of the office space respectively. Rentals across the city have been stable compared to the last quarter, except for minor appreciation noted at approximately 3% in micro markets of Kharadi, Hadapsar and Hinjewadi.
Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India, said, "Restrained supply helped the vacancy levels to drop from 25% in fourth quarter of 2011 to 23% during the first quarter of 2012."
HYDERABAD
Hyderabad saw a total overall absorption at over approximately 0.71 msf. New supply also declined compared to last quarter with approximately 0.56 msf getting operational. Due to stable supply and infusion of second generation space in the suburban micro markets and a moderate demand across the city, overall vacancy has also increased marginally. Rents have remained stable across the city on account of no major variations in demand trends.
Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India, said "The growth trend of non-IT absorption has continued to remain buoyant and several companies involved in engineering , professional services and technical services have taken up space mainly in the suburban, CBD and off-CBD micro markets during this quarter. The city is expecting a fresh supply of approximately 1.5 - 2.0 msf, mostly in the suburban micro markets, over the next two quarters which should be able to cater to the needs of companies for Grade A spaces."
AHMEDABAD
Ahmedabad recorded a total absorption of over 1 lakh sf, registering an increase of approximately 6% over the fourth quarter of 2011. However, the city did not witness any fresh supply during the first quarter of 2012. The city also witnessed increase in rental values upto 6% across various micro markets in Ahmedabad. Rental values across the city appreciated over the last quarter, with highest appreciation upto 6% noted at Ashram Road and C.G. Road due to lack of availability of Grade A office space.
Ravi Ahuja, Executive Director, Office Transactions, Cushman & Wakefield India continued, "Irrespective of the slowdown, the demand for commercial space in Ahmedabad did not show any slowdown in the first quarter of 2012. The absorption for commercial office space has been largely driven by the small and medium enterprises in the engineering and pharmaceutical sectors. Also it is expected that the space absorption is likely to remain stable in the next quarter with BFSI and small scale industries expected to be the key demand drivers."

Gudavalli

April 17th, 2012, 07:39 PM

Source: http://zeenews.india.com/business/news/economy/growth-will-depend-on-monsoon-global-situation-rangarajan_45990.html

Hyderabad: Achieving an economic growth of 7.5 percent in the current fiscal would depend on monsoon and the international economic situation, the Chairman of Prime Minister's Economic Advisory Council said here on Monday.

"The downside risks are two or three (for maintaining 7.5 percent GDP growth). One, is the behaviour of the monsoon. This is predicted on the assumption that the monsoon will be normal and therefore the agricultural production will also be reasonable," C Rangarajan said.

"The second (risk) is the international situation. It is expected that the international situation will remain more or less in the same way it existed in the last few months.

"So, unless there is a sharp deterioration in the world or the global economy, we should be able to maintain the 7.5 percent rate of growth," he added.

He was speaking at a function on ITsAP Annual Industry Awards for Best Software Services and Green IT initiatives.

Rangarajan, however, did not give a direct reply to a question on the impact of recent Supreme Court order cancelling 122 licences of 2G spectrum on Foreign Direct Investments into India.

He said if the country continues to maintain the rate of growth of 7.5-8 percent for the next several years, there may not be any decline in FDI investments.

In reply to a query on prices, Rangarajan said though the non-food manufacturing inflation has shown a definite sign of decline, food inflation is once again showing signs of a rise, forcing the overall inflation to be still at a higher level.

"In fact, vegetable prices seem to be again on the rise...When we talk about food inflation, it includes not only cereals but also commodities like milk and vegetables," Rangarajan said.

Inflation in food items rose sharply to 9.94 percent in March, as against 6.07 percent in February. Food articles have 14.3 percent share in the WPI basket.

On deregulation of diesel prices, he said price hike should be done in a phased manner.

"I think we really need to make some changes with respect to diesel prices. The point is that since the prices of diesel have not been adjusted for a long time, the required adjustment to bring it on a par with international prices may be very high.

"It may not be possible to do it at one go. Therefore we need to do it in phases," he explained.

ygvjs2000

April 18th, 2012, 04:43 AM

http://indiaeducationdiary.in/Shownews.asp?newsid=12834

Andhra Pradesh CM appeals industrialists to make Hyderabad their base for further expansion of their business
New Delhi: The Chief Minister, N.Kiran Kumar Reddy, today made a forceful plea to the industrialists to make Hyderabad their base for further expansion of their business. Speaking at the Annual General Meeting and National Conference of the CII on "Getting Growth Back: Government – Industry Partnership" this afternoon, Mr. Reddy elaborated on the pro-industry atmosphere in the State and said industry captains were welcome to set shop there. Assuring them of the 'fullest cooperation and a very conducive atmosphere" he said without the support of the industry no growth was possible in the country. Pitching for the industry he said policy changes should not be adverse to the industrial development as it would wipe away investments yielding no result at all.

Arguing that "continuity and consistency" were the hallmarks of good policies, he said the industry must also guide the Governments on the utility front of the educational skills. A wrong emphasis on the skills to be acquired or a wrong placement of one's energies and time would not lead to any quality addition to the development he said recalling his earlier interactions with youngsters of certain professions. Emphasizing that education should not become centric to a particular course but centric to imparting specialized skills that help the youth as well the nation, he said a holistic knowledge imparting must become the goal.

If education was not inclusive for all sections and development does not reach the poor, all the GDP figures and developmental statistics had no meaning to the people though they may be to the delight of economists. Pointing out that the AP Government was imparting specialist skills imparting programme to about five lakh youth every year thanks to the Industry help, he said such innovative programmes should continue without a break. Claiming that development in core areas like roads, power and infrastructure were essential, he said it was unfortunate that despite shortage of power in the country, so much of potential power had remained utilized due to shortage of Gas. Preferring cheaper power for development, he said AP was providing power at a lower rate than others in the country for the industry. He said Rs.6.5 lakh worth MoUs had earlier been signed by the AP Government and he was happy that such interaction would be to the benefit of the country. Pointing out that AP had bagged a mega-manufacturing hub that would come up soon, he said it only showed the number of opportunities in the state.

He spoke about how technology and IT have changed the face of the country in the past. However segments like rural health should improve vastly further. Capacity building and value addition must be kept as primary goals in every segment. Mr.Arun Mehra, Member – Planning Commission was the moderator and Jharkhand Chief Minister Mr. Arjun Munda also spoke. Mr.Rakesh Bharti Mittal, vice-CMD of Bharti Enterprises Limited, Mr.Vikram Singh Mehta, chairman of Shell India and Mr.S.Gopalakrishnan, vice-president of CII were the other dignitaries present.

R2IChennai

April 18th, 2012, 05:42 PM

Gudavalli

April 18th, 2012, 11:19 PM

Infotech's revenues up by 30 percent

Source: http://www.newstrackindia.com/newsdetails/2012/04/18/393--Infotech-s-revenues-up-by-30-percent-.html

Hyderabad, April 18 (IANS) Infotech Enterprises Limited, a global technology solutions provider, has recorded a growth of 30.7 percent in revenues while the operating profit has gone up by 50 percent during 2011-12.

The Hyderabad-headquartered company registered revenues of Rs.15,531 million and operating profit of Rs.2704 million during the year.

B.V.R. Mohan Reddy, Chairman and Managing Director, Infotech, told reporters here Wednesday that operating margin for the year was 17.4 percent, an increase of 220 bps over last year.

Profit after tax was at Rs.1,614 million for the year, an increase of 15.5 percent over last year.

The revenues for the fourth quarter were at Rs.4,173 million, a year-on-year growth of 28 percent and quarter-on-quarter 0.2 percent. Operating profit stood at Rs.827 million.

Profit after tax was Rs. 698 million for the quarter, an increase of 106 over previous quarter.

"In spite of the macro economic uncertainty around the globe, we had a very good year in line with our expectations. We posted robust growth and higher profits because of customer centricity and long term growth strategy," he said while exuding confidence that 2012-13 would be equally good.

He said 70 percent of company's revenues during the year came from engineering while the rest was contributed by network and content engineering. In terms of geographies, North America remained the biggest market with 57 percent revenue while Europe contributes 32 percent.

The company re-aligned into four business units to accelerate growth and is aiming to become a billion dollar company in two to three years. The business units are: aerospace, heavy Equipment, transportation & HiTech, Utilities Telecom and Content.

The Mohan Reddy hoped each business would grow into quarter a billion unit.

The company, which added 16 customers during the fourth quarter, has cash balance of Rs.479 crore and is looking at acquisitions.

Infotech has taken on lease a new SEZ facility in Hyderabad, which will accommodate 1,000 employees. The firm hopes to save 150 to 200 basis points in taxes by moving to this facility.

It has also built its own SEZ facilities in Kakinada, Visakhapatnam and Noida. The facility at Kakinada will be 600 seater while it plans to have 1,500 engineers at Noida.

The company which has 9,334 employees, plan to recruit 1,500 associates this year. Thirty percent of the recruitment will be on campus.

Gudavalli

April 18th, 2012, 11:26 PM

‘RBI's policy move augurs well for new home buyers'

Source: http://www.thehindubusinessline.com/industry-and-economy/article3328658.ece?ref=wl_opinion

HYDERABAD, APRIL 18:
The RBI's credit policy announcement will have a positive impact on home buyers with loan interest rates coming down, according to real estate portal indiaproperty.com.

Those on the look out for their dream home will find that they are possibly better off buying now than before, Mr Ganesh Vasudevan, Vice-President, indiaproperty.com, said.

Addressing a press conference here today, Mr Vasudevan said the RBI's policy move augured well for new home buyers who were faced with high interest rates in the past few quarters. They will now be more comfortable acquiring a new property.

Announcing their plan to host Gruhapravesham 2012 at the Hitex exhibition centre here during April 27-29, Mr Vasudevan said recent buying pattern shows that buyers were looking at apartments which are smaller in size now compared to say three four years ago. That is instead of opting for a three-bedroom apartment, they are preferring a two-bedroom one. This has positive impact on their overall spendand loan repayment terms.

The event to be hosted at Hyderabad will showcase around 2,000 new properties, 40 builders and 10 new projects. A panel discussion will have experts sharing their insights on opportunities.

Contrary to general perception, there is no oversupply in the Hyderabad real estate market. In fact, there is demand for affordable segment and possibly some excess supply in luxury projects area, he said.

Gudavalli

April 20th, 2012, 09:31 PM

Hyderabad residential property market looking up (http://www.thehindubusinessline.com/industry-and-economy/article3336488.ece?ref=wl_opinion)

HYDERABAD, APRIL 20:
The residential real estate market in Hyderabad is poised to see significant growth over the next two quarters after a relatively subdued phase in 2011.

The latent demand is manifesting now with genuine buyers coming out to acquire properties. These are the ones who had postponed their purchases due to several factors such as agitation in the city and high interest rates for housing loans.

The city has also seen a clear shift in preference to affordable homes in the two bedroom configuration instead of three before.

According to latest findings of indiaproperty.com, the proportion of consumers who are likely to buy a home in the next six months has increased to 80 per cent in the last quarter. This is against 66 per cent in second quarter of last year.

Providing insights into the real estate market behaviour in Hyderabad, Mr Ganesh Vasudevan, Vice-President of indiaproperty.com, said the budget preference of buyers has declined from about Rs 32 lakh to Rs 24 lakh. The average area preferred has also come down.

Areas such as Gachibowli, Kukatpally and Miyapur are among most preferred places for new homes. This is followed by locations such as Hitec City.

The residential market had seen considerable slowdown in first half of last year due to several factors. But this is beginning to show up and the pace is likely to get better over the next two-three quarters.

RBI POLICY

The RBI policy will help bring down the interest rates for home loans. This is likely to have a positive impact on the buyers sentiment.

Developers are increasingly looking at the affordable housing segment as the demand supply mismatch is not as big as presumed. However, there seems to be some oversupply in luxury category apartments. The realty market has seen very less speculative buying.

Gudavalli

April 22nd, 2012, 08:04 AM

Real estate developers woo buyers (http://www.thehindu.com/news/cities/Hyderabad/article3341957.ece)

The two-day ‘The Hindu Property Plus Living Spaces' opens

Showcasing a varied selection of properties and a price range that suits different budgets, the two-day ‘The Hindu Property Plus Living Spaces 2012' was inaugurated at Shilpakalavedika, Madhapur, here on Saturday.

From budget homes to spacious villas, the event presents properties from different parts of the city and suburbs. Almost all the leading builders and developers are part of the event with their ongoing and new projects.

The property show was inaugurated by N. Ramesh, Deputy General Manager & Business Head- AP, HDFC, who observed that the property scene in the city had shown a lot of promise in the last few months and the property prices had become very competitive.

Describing the prevailing mood of buyers as heartening, Srinivas Manda, General Manager-Sales, Mantri Developers said, “In fact, I am surprised at the buyer interest in the market”.

Ashwin Tyagi of Theme Ambience Constructions added, “At present, the property market is reasonably priced and it will only move forward.”

The show had visitors from different parts of the city looking for a property that suited their requirements. “Instead of visiting different builders and enquiring about their projects, shows like this helps us compare different products on offer at one place,” said Supraja, a software professional from Gachibowli.

The participating companies include Incor Infrastructure, Landmark Builders, Mantri Developers, Manjeera Retail Holdings, Modi Builders, Ramky Estates & Farms, Bollineni Developers, S&S Green Projects, Cybercity Builders & Developers, Giridhari Constructions, Theme Ambience Constructions, Emami Constructions, Saket Engineers, Green Home Group, Western Constructions, Bhuvanesh Constructions, Aparna Constructions and Rajapushpa Properties.

PARTNERS AND SPONSORS

The event being managed by I Ads & Events has Mantri Developers and Ramky Estates as associate partners while 92.7 Big FM is the radio partner, TV5 is the TV partner, Prakash Arts is the outdoor partner and Bisleri is the water sponsor.

The property show is open on Sunday from 10 a.m. to 8.30 p.m.

ranga

April 23rd, 2012, 02:30 PM

Real estate developers woo buyers (http://www.thehindu.com/news/cities/Hyderabad/article3341957.ece)

Realestate demand in Hyderabad is still lukewarm.The "HINDU PROPERTY SHOW" held recently did give some hope to the realestate promoters but one has to wait and watch the situation.one thing is clear, the Uncertaininty about the state splitting or not and the fate of Hyderabad has to be decided/cleared at the earliest for the growth to revive and gain momentum.

Gudavalli

April 23rd, 2012, 04:20 PM

Hyderabad 3rd most affordable office location in 2011: Study (http://www.deccanchronicle.com/channels/business/news/hyderabad-3rd-most-affordable-office-location-2011-study-699)

Hyderabad has emerged as the world's third most affordable office location in 2011 in a list prepared by global realty consultant DTZ, which has also named Chennai and Pune among the top five such positions.

According to DTZ's latest study 'Global Occupancy Costs - Offices', Surabaya in Indonesia and Qingdao in China were placed in the top two positions of the chart as the most affordable office locations in the world last year.

"While Tier II cities in India and China dominate the list of top 10 most affordable markets globally, Surabaya in Indonesia remains number one," DTZ said in the report.

The consultant said Hong Kong, London, Geneva, Tokyo and Zurich were the five most expensive office markets in 2011.

DTZ said Surabaya and Qingdao saw average rentals of USD 1,680 and USD 2,380 per workstation a year, respectively in 2011

Hyderabad, Chennai and Pune followed the top two places with rentals of USD 2,430, USD 2,570 and USD 2,590 a year per workstation respectively, it added.

The study showed that Hong Kong was costliest office place with an annual rental of USD 25,160 per workstation in 2011, followed by London and Geneva at USD 22,590 and USD 18,740, respectively. DTZ, however, said many cities across the world are likely to witness decline in their rentals during this year.

"Under the downside scenario, 2012 offers occupiers a window of opportunity in which to realise cost savings as rents decline... In the top five least affordable cities of Paris, Tokyo, Geneva, London and Hong Kong, office rents fall in 2012 under the euro break-up scenario," it added.

Occupiers in Rome and Milan are likely to benefit from falling occupancy costs over the next five years as sharp decreases in rents are expected in 2012 and 2013, DTZ said.

It further said office rentals in low-cost Indian cities may see double-digit falls in this year.

DTZ said despite lease prices falling in some cities and occupiers still enjoying relatively low costs in Tier II locations, the booming economy in China and India will lead to continued rental increases in big cities.

"There were significant increases in outgoings other than rents across many markets, driven by high inflation (India and China) and rising energy prices," the study pointed out.

DTZ said there will be minimal change in ranking of the cities by 2016.

"We forecast little change to our top 10 and bottom 10 markets by 2016, although there will be a slight shift in ranking. At the lower cost end, the secondary Indian cities will shift slightly on the back of strong growth in costs," the report said.

At the most expensive category, Tokyo will regain its position in the top three, it added. "Looking forward, our base case forecasts show yearly increases in occupancy costs across all regions over the five year period. Asia Pacific is projected to have the highest levels of increase (3 per cent), particularly in China (3 per cent) and India (5 per cent)," DTZ said.

bobbie501

April 23rd, 2012, 05:50 PM

Realestate demand in Hyderabad is still lukewarm.The "HINDU PROPERTY SHOW" held recently did give some hope to the realestate promoters but one has to wait and watch the situation.one thing is clear, the Uncertaininty about the state splitting or not and the fate of Hyderabad has to be decided/cleared at the earliest for the growth to revive and gain momentum.

Here we go we have an analyst from Jones Lang LaSalle.:nuts:

Gudavalli

April 24th, 2012, 03:28 PM

Can Fin Homes targets 80% loan growth this year (http://www.thehindubusinessline.com/industry-and-economy/banking/article3346213.ece?homepage=true&ref=wl_home)

HYDERABAD, APRIL 23:
Can Fin Homes Ltd is targeting 80 per cent growth in loan disbursals at Rs 1,500 crore during the current financial year.

“We plan to achieve this by expansion of our reach, by adding 20 branches during the present financial year and aggressive marketing,” Mr C. Ilango, Managing Director, Can Fin Homes Ltd, told Business Line here on Monday.

The housing finance arm of Canara Bank disbursed Rs 859 crore as on March 31, 2012, which is 81 per cent more than in the previous year.

The total outstanding loan portfolio stood at Rs 2,677 crore (Rs 2,198 crore).

On the technology front, the bank is in the process of bringing its branches under the core banking solution.

“By June this year, all our branches will be interlinked with core-banking,” the official said.

It had also opened two centralised fire-proof document storage centres at Gurgaon and Bangalore for the safe custody of documents.

“We have also recently streamlined quality control measures by introducing tri-monthly review of loan sanctions by branches at the regional office and improving credit authorisation norms,” Mr Ilango added.

For the year ended March 31, 2012, Can Fin Homes posted a net profit of Rs 43.76 crore (Rs 42.02 crore).

Earlier, Mr Ilango had inaugurated two branches at Gachibowli and Taranaka here.

ygvjs2000

April 25th, 2012, 01:56 PM

http://www.moneycontrol.com/news/real-estate/office-marketfocushyderabad_696609.html
Office Market with focus on Hyderabad
Here is a research report on the Office Market with focus on Hyderabad, by Knight Frank for the month of April 2012. Following are some of the highlights:
- Hyderabad office market witnessed the absorption of around 5.4 mn.sq.ft. of office space during FY 2012.
- The first half of FY 2012 saw 3 mn.sq.ft. of office space being leased out. However, the momentum could not be sustained and the second half of FY 2012 saw a reduced transaction volume of 2.4 mn.sq.ft.
- Despite uncertainty amongst potential occupiers in the wake of global financial turmoil, the IT/ITeS sector continued to be the key demand driver of office space in the city.

- The SBD locations, with their concentration of Grade A office stock, continued to be the most preferred office destination, primarily favoured by the IT/ITeS sector.
- Various new developments such as the metro rail project and the construction of Outer Ring Road, are expected to make the city more viable to the prospective occupier as well as investor in the forthcoming years.

Gudavalli

April 25th, 2012, 06:19 PM

New malls add 1.94 m sq.ft. to retail real estate (http://www.thehindubusinessline.com/industry-and-economy/marketing/article3352721.ece)

NEW DELHI, APRIL 25:
Retail real estate market received a fresh mall supply of approximately 1.94 million sq. ft. in Q1 2012 (quarter ended March 2012), a report by Cushman & Wakefield India said.

Many of the expected mall projects were deferred on account of delay in construction, leading to a deficit of close to 50 per cent from the estimated supply (3.37 million sq. ft.) for the quarter.

This undelivered mall space is expected to get added to the supply for the next quarter which is estimated to be 4.25 million sq. ft. Of the eight major cities across India, Bangalore led the supply scenario with a total infusion of 1.2 million sq. ft.

Rental values

Rental values across most mall destinations within these cities remained largely stable, except for Ahmedabad, Bangalore and Hyderabad where mall rentals have seen a growth over the previous quarter in the range of 15-30 per cent.

Vastrapur in Ahmedabad recorded the highest growth in mall rentals at 33 per cent over last quarter mostly owing to renewals of existing tenants at a higher value.

High streets

In the same period, most high streets across major cities recorded significant increase in rental values, as against malls, reflecting the bent of interest among retailers for high street properties.

Mr Jaideep Wahi, Director, Retail Services, Cushman & Wakefield commented: “The first quarter of the year has been positive for the retail market and indeed over the last one year.

While, the mall space has been moving cautiously to ensure that demand to supply ratio remains stable to maintain rental values, high streets continue to see increased demand and interest from a range of retailers.

Approval for 100 per cent FDI in single brand outlet in India is a crucial step towards restructuring the retail scenario in India.

Gudavalli

April 25th, 2012, 06:25 PM

New mantra: Realty click (http://postnoon.com/2012/04/25/new-mantra-realty-click/45299)

Are you looking for buying a property? Do you want to compare and cont*rast different properties that are on sale in any major cities being at your house? It all can be done at a click of mouse.

Many real estate sites like Indiaproperty.com, 99acres.com are offering wide variety of services to the buyers, which are traditionally not possible with the print classifieds. They are giving holistic information ranging from layout plan, photos, amenities and payment options and also become a mediator between the buyer and seller. These sites are also offering resale properties and properties on rents. They are trying to add more value to the display ad by adding video content.

The trend is moving towards online. Displaying a classified on online is definitely cost effective and also has a maximum reach. It is already taken over in matrimony and gaining huge momentum in the real estate said Ganesh Vasudevan, vice president and business head, Indiaproperty.com.

The sellers can put their project on display and the buyers can search the property according to their requirements. The buyers have access to 650 new projects and 30,000 different properties that are showcased on our site in various categories like farmhouse, apartment, villas, rowhouse and residential lands. They can also filter through all this properties according to his budget range and location in just few second and get the right property, he said.

Taking about Hyderabad real estate scenario, Ganesh says “Hyderabad market is reviving very well. The frequency of visits to Hyderabad page increased by 35-40 per cent in last six months, compared to last year. The number of searches also doubled in last four months. These are the clear signs that inventory that is hung over will be absorbed. This searches and visits will convert in to sales over next two months.”

“India is still a ‘touch and feel’ market. Buyers would definitely love to see the property once the compare and evaluate between the properties. There should be offline presence to make a connection to the online leads and make the transaction happen.

The property show ‘Gruhapravesham 2012’ is a move in this direction. This is organised by us and will be held on April 27-29 at HITEX exhibition centre. It will showcase around 2,000 new properties, 40 builders and 100 new projects of the City, he said. It is a win-win situation for both the buyer and seller. The cost per lead is a fraction, compared to what a seller (marketer) spends on print. These real estate sites are growing bigger with the growth of classified market and also by taking share of the print classifieds, he added.