Hyderabad
Is Hyderabad facing the threat of losing its sheen as one of India’s preferred investment destinations and are investors worrying over their investments in the city after it has become capital of the country’s newest state of Telangana? Days after engineering giant L&T expressed concerns over the viability of India’s largest metro rail project coming [...] Continue Reading »
L&T Metro Rail Hyderabad Limited and the Telangana Government are on a collision course regarding the Rs 14,132 crore metro rail project, with the former even suggesting that the State take over the project. Contending that the project viability is being challenged by delays in securing clearances having a huge impact on the project financial [...] Continue Reading »
The GMR group is planning to set up an aerospace training centre in Hyderabad on the lines of the one established by Morocco. With the help of French multi-national firm Safran, the group has sent a team to the African country to study the model adopted by it. It has sought the help of Telangana [...] Continue Reading »
The first half of 2014 has seen residential sales volumes in Hyderabad plunge by over 27 percent to 7,300 units, according to real estate consultancy Knight Frank. In a comprehensive analysis of residential and office market performance for January-June 2014, it said that the recent political instability has had an alarming impact on demand during [...] Continue Reading »
The premises of the Begumpet Airport may be sealed by the Secunderabad Cantonment Board (SCB) due to non-payment of property tax arrears of a whopping amount of Rs 12.38 crore. Going by the general land records (GLR), the sprawling 700-acre Begumpet Airport is located in survey No. 777, which falls within the jurisdiction of the [...] Continue Reading »
L&T (Larsen and Toubro) Hyderabad Metro Rail Limited today hinted at the possibility of cost escalation of the elevated metro rail project by about Rs 2,500 crore to Rs 3,000 crore.The Rs 12,132-crore-project may need such additional funding for some of the unavoidable circumstances. These include the initial delay in the appointed date, inflation and [...] Continue Reading »
Kochi-based start-up Village is India’s first incubator that is funded jointly by the public and private sectors. This start-up village is adding about 1.25 lakh square feet space as part of the plan to house and support more start-ups. The additional spaceis expected to be ready by June next year. The chief executive officer of this [...] Continue Reading »
If you are used to independent houses, adjusting to apartment blocks could be difficult. Targeting such clients who don’t mind spending a bit more for extra convenience, Koncept Ambience has come up with a new project, The Neighbourhood, which offers villas and row houses. Located at Kompally, near Hyderabad, the residential project is a gated [...] Continue Reading »
The feasibility study for change in alignment of L&T Hyderabad Metro Rail Limited will be concluded within month and submitted to the Telangana Government. Thereafter, if the changes are to be brought about, which the Government would decide, the concessionaire L&T would be compensated. This could mean an additional investment of about few hundred crores [...] Continue Reading »
Apart from the division of the state and contrary to the popular belief the real estate projects that are housed in Hyderabad do not look to have been dwindled. Of the large scale projects to hit the market, Rajapushpa’s Atira in Kolapet is a high rise residential scheme that is located near the financial district [...] Continue Reading »
