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Why collect tax if building illegal? SCB asked to clarify
Hyderabad: An inquiry committee probing the March 3 accident in which a Kiran aircraft performing aerobatics as part of India Aviation-2010 show crashed into a three-storied building in New Bowenpally, sought a clarification from the Secunderabad Cantonment Board (SCB) on the tax paid by building owner L Ramesh Kumar on the unauthorised building. A three-member committee [...]
Continue reading...GMR to develop aerotropolis at Hyderabad’bad airporty
3. March 2010
The GMR Group, which operates the New Delhi and Hyderabad international airports, will develop an ‘aerotropolis’ here, which will house special zones for entertainment, education and hospitality among others. GMR Group Chairman G M Rao said the group will create seven ‘ports’ which would form the aerotropolis with a view to support revenue and the growing [...]
Continue reading...Telangana stir worsens outlook for realty sector in Hyderabad
18. February 2010
Jones Lang LaSalle Meghraj says only 0.72 mn sq ft of retail space in the city will be launched in 2010 Dotted with the sprawling campuses of information technology (IT) firms such as Microsoft Corp. and Wipro Ltd, Hyderabad’s fast-moving growth corridor—the Gachibowli area—looks skeletal with half-done buildings, yellow construction cranes and giant billboards that promise delivery [...]
Continue reading...Realty lure: SEZ promoters seek denotification
4. February 2010
Hyderabad: The ‘realty’ of Special Economic Zones is now surfacing. Three developers from the state, Indu Techzone, Emaar Hills Township and Sundew Properties, who were setting up IT/ITES SEZs in Ranga Reddy district, have asked the ministry of commerce to denotify part of their SEZ land citing recession as the reason. Seeking de-notification is essentially a [...]
Continue reading...AP realtors say T-ata city, buy-buy B’lore, Chennai
14. January 2010
As The Telangana Drama Stretches On, City Realtors Find It Hard To Stay Afloat In Hyderabad Last week, city-based realtor M Madhusudan made a hurried trip to Bangalore to take stock of his limited investments in the city. With his core business in Hyderabad, Madhusudan said he had not given a serious thought to expanding his [...]
Continue reading...Two takeover offers for Maytas Properties
8. January 2010
Ministry of corporate affairs may assist; Maytas ‘victims’ await completion of housing project in Hyderabad Two infrastructure companies have offered to take over the troubled Maytas Properties Ltd and complete its projects, corporate affairs minister Salman Khursheed said on Thursday without naming the companies. Maytas Properties, promoted by the family of B. Ramalinga Raju, the jailed founder [...]
Continue reading...City realtors in a tizzy
11. December 2009
Hyderabad’s real estate sector was in a state of shock on Thursday, just hours after the Centre conceded to the demand for a separate Telangana state. Speculating that the move would further dampen the already crippled industry, realtors were seen making their own calculations about the future of their business in the city. Apart from [...]
Continue reading...Jewel integrated township : jewel in the crown
14. November 2009
Jewel is the largest integrated township coming up in Hyderabad with a whopping 2000 flats ready for occupation by March 2010 as scheduled At a time when we are bombarded with advertisements and PR exercises of a numerous products, the boggled mind sometimes yearns for that one brand that simply stands out for ‘reliability’.Browse through news [...]
Continue reading...Prajay to invest Rs 600 crore in hospitality biz
12. October 2009
Prajay Engineers Syndicate Limited (PESL), a city-based construction and hospitality company, will be investing Rs 500-600 crore in various hospitality ventures in and around Hyderabad. Currently operating a 30-room Celebrity Boutique Hotel in Begumpet and 70 rooms at the company’s Celebrity Club near Shamirpet on the city outskirts, PESL is planning to build a 260-room business [...]
Continue reading...Prajay launches Rs 700cr residential project in Hyderabad
12. October 2009
Prajay Engineers Syndicate Limited (PESL), a Hyderabad-based construction and hospitality company, launched Water Front – a gated community of 500 flats and 550 independent houses and villas – at Shamirpet on the city outskirts on Sunday. “Phase-I of the project, being developed on 72 acre with an outlay of Rs 285 crore, will be completed in [...]
Continue reading...HMDA gearing up for plots’ auction
18. September 2009
Hyderabad: Two multi-national real estate firms—CB Richard Ellis (CBRE) India and Cushman & Wakefield Pvt Ltd—have signalled the end of realty slump. With this, Hyderabad Metropolitan Development Authority (HMDA) is preparing ground to restart auction of plots in the vicinity of the city. However, upset price of some land parcels might be pegged down and in [...]
Continue reading...Hyderabad Realtors Support “Jagan” as CM
8. September 2009
In the last five years, the city of Hyderabad became ‘Greater’ expanding to five times its size. Land auctioned by the government here even fetched as much as Rs 19 crore per acre, before recession hit the sector. This apart, the state became the country’s Jaganmohan Reddy capital with over 100 SEZs approved in AP. [...]
Continue reading...GHMC to build 600 houses on Hussainsagar bed
18. August 2009
But, Court Order Bans Permanent Structures In The Area Hyderabad: Despite clear orders from court against putting up permanent structures on the Hussainsagar lake bed and catchment areas, the Greater Hyderabad Municipal Corpor at i o n (GHMC) has proposed to construct 600 houses in the restricted area. A housing project, proposed by the corporation, would [...]
Continue reading...High speed metro train to connect temple towns around Tirupati
9. August 2009
Hyderabad: In a bid to ease the transportation woes of the pilgrims, the Tirupati Urban Development Authority (TUDA) has come up with a proposal to build a high-speed metro train corridor connecting the three temple towns of Tirupati, Kanipakam and Srikalahasti. The state government would extend its support in getting funds through the JNNURM and [...]
Continue reading...Maytas Properties writes to angry clients
23. July 2009
Wants patience while it raises more funds Maytas Properties, hit by both the recession in real estate and the Satyam accounting scam, has written to angry clients to give it more time. Vice-Chairman B Rama Raju has written to the Hill County Home Owners Welfare Association, the body of clients in its prestigious project here which is [...]
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- Tallest Indian skyscraper gets its act together
- Shapoorji, Ethiopia ink 50,000ha land deal
- Why collect tax if building illegal? SCB asked to clarify
- Builders cash in on proposed infra projects to hardsell flats
- ‘Set up panel to check SRA fraud’
- Industrial plots not for houses
- Khaitan IAS man to Head Delhi Real Estate Practice
- Realty major BPTP plans Rs 1,500 cr IPO in early FY11
- UP MLA held for cheating Noida builder
11. March 2010
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