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Hyderabad

Jagan’s firms get Rs 140 cr of Vanpic project deal, alleges CBI

Jagan’s firms get Rs 140 cr of Vanpic project deal, alleges CBI
The CBI on July 16 told the CBI court that a part of the missing Rs 300 crore in the Vanpic port project deal was invested in YS Jaganmohan Reddy’s firms. Ras Al Khaimah (RAK) government which had entered into a deal with state government to construct Vanpic project gave Rs 450 crore for land [...] Continue Reading »

HMDA to clean Hussainsagar Lake

HMDA to clean Hussainsagar Lake
The hazardous waste being dumped in Hussainsagar Lake has been a contentious issue for the Hyderabad Metropolitan Development Authority (HMDA). In order to dredge the hazardous material out of the lake, the authority has decided to use the services of Environmental Protection Training and Research Institute (EPTRI). The lake cleaning project has been taken up [...] Continue Reading »

TRS stages dharna against HMDA

TRS stages dharna against HMDA
In an event bearing political implications, Telangana Rashtra Samithi (TRS) activists on Tuesday staged a dharna in front of the Hyderabad Metropolitan Development Authority (HMDA) office against auction of plots. The activists alleged that thousands of acres of government land were either auctioned or handed over to various firms and individuals by the state government [...] Continue Reading »

Real estate gets deeply hit by policy paralysis: CREDAI

Real estate gets deeply hit by policy paralysis: CREDAI
The Confederation of Real Estate Developers Associations of India (CREDAI), the apex body of real estate developers from across the country, expressed that the government’s policy paralysis has severely impacted the real estate sector which is facing stagnation in growth. CREDAI National President, Lalit Kumar Jain said that the economy is in a bad shape [...] Continue Reading »

DLF, HDIL may report a flat growth for Q2

DLF, HDIL may report a flat growth for Q2
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »

50% of Haryana invests in realty sector

50% of Haryana invests in realty sector
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »

HMDA to raise 120 crore through auction

HMDA to raise 120 crore through auction
Hyderabad Metropolitan Development Authority (HMDA), which is undergoing a major fund crisis at present, hopes to raise Rs. 120 crore through auction of 42 plots. The authority which is in dire need of funds for even its own ongoing projects, has ruled out the possibility of fund transfer realized through auction to the government. However, [...] Continue Reading »

SEZ developers get more time for project execution

SEZ developers get more time for project execution
The government has given more time to 33 special economic zone developers, including Uttam Galva Steels Ltd, Unitech Infracon and GMR Hyderabad International Airport Ltd, to execute their projects. The Board of Approval (BoA), a 19 member inter-ministerial body that deals with SEZs, at a meeting headed by Commerce Secretary, also allowed three SEZ developers [...] Continue Reading »

DLF to sell its non-core businesses

DLF to sell its non-core businesses
Realty giant DLF is all set to sell at least two out of the three non-core businesses as it plans to cut its Rs 23,000 crore debt to about Rs 17,000 crore in the current fiscal. DLF Group Executive Director Rajeev Talwar revealed that the group is all set to sell its luxury hospitality chain [...] Continue Reading »

Leasing allotment to go online in Hyderabad

Leasing allotment to go online in Hyderabad
The Hyderabad Metropolitan Development Authority (HMDA), in an attempt to bring in transparency in allotment on lease basis has revamped the system. Till now, the allotment of shops and office blocks in the commercial complexes of Swarna Jayanthi, Maitrivanam was done on first-come-first served basis. Now the Authority has launched an IT-enabled system. The new [...] Continue Reading »



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