Hyderabad
With about 1,400 property owners resisting the acquisition of land, the execution of Hyderabad Metro Rail project is facing delay, according to Greater Hyderabad Municipal Corporation. The GHMC has so far managed to acquire 2,000 properties, but the corporation has to acquire 1,400 more properties. The Additional Commissioner (Planning), Mr K. Dhananjaya Reddy said that [...] Continue Reading »
Auctions taken up recently by government agencies – the A.P. Housing Board and Hyderabad Metropolitan Development Authority (HMDA) included 42 plots in the city and the suburbs. As per plan, the HMDA has come up with a round of auctions that has placed the plots under the hammer and the civic body expects to raise [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) had released the draft master plan for the extended area of Hyderabad Metropolitan Region on July 22, 2011. Then they invited objections and suggestions on the draft master plan from citizens. A year has gone by, and the authority has not even finalized the applications which have to be [...] Continue Reading »
The AP State Disaster Response and Fire Services department has planned to tighten fire safety norms for the non-high-rise buildings. Hence, owners of non-high-rise buildings would have to obtain a license from the department for their property and have to pay a fee after providing fire-fighting equipment on their premises. The department will check the [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) has decided to check on the illegal/unauthorized constructions that are growing in the surrounding gram panchayats. In a strict gesture, it has served notices to as many as 3,000 owners and builders of illegal buildings above three floors. According to the building rules, gram panchayats can give building permissions [...] Continue Reading »
Refuting any rumours about the newly launched e-bidding being a failure, officials at the Hyderabad Metropolitan Development Authority (HMDA) declared that the initiative have worked perfectly for them. The department disclosed that response has been swift and that they are confident of completing the sale of the 42 layouts. The auction began at 11am on [...] Continue Reading »
Lanco Infratech, a realtor limited to power and road projects, with nearly Rs 23,000 crore of long-term debt, is negotiating with some banks for an easier loan repayment schedule. Sources said that the company is negotiating with individual banks for extension of loan tenure and lowering of interest cost as some of its power plants [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) has put forward a plan to the Prime Minister to enable reforms in the real estate sector and help rejuvenate it. Home sales registrations continued to decline in the first half of 2012, although by only 3.4 per cent when compared to the same time [...] Continue Reading »
Due to less supply and delayed monsoon, cement costs rose to Rs 55 per bag across markets. A source said the hike will not stay long since it is due to supply shortage and onset monsoon. South has witnessed a mixed trend with Hyderabad and Bangalore seeing a correction of Rs 5 per bag, and [...] Continue Reading »
The Confederation of Real Estate Developers Association (CREDAI), on Wednesday, called for comprehensive reforms in areas related to land administration, banking and taxation to lift the realty sector and support in meeting the shortage of 26 million houses. CREDAI unveiled 10-point agenda to revive the sector, which is facing demand slowdown due to high interest [...] Continue Reading »
