Hyderabad
Recently, Hyderabad district administration has taken back 3.31 acres of prime government land in Jubilee Hills allotted to Anand Cine Services, which is an outdoor film unit ,because the management failed to utilise it for the purpose it was assigned. The land which is resumed is expected to be worth nearly Rs 100 crore. In [...] Continue Reading »
According to global realty consultant, DTZ, because of rupee depreciation and fall in rentals amid political instability over Telangana, Hyderabad has become the world’s most affordable office location. In the DTZ’s list of top 10 least expensive offices space market in the world, four other Indian states fall which are Chennai, Pune, Bangalore and Kolkata. [...] Continue Reading »
The Legend Constructions, known for constructing ideal projects in the city, has launched a new project “Legend Horizon” at Attapur, Hyderabad. This area was selected after the PVNR expressway that connects to Rajiv Gandhi International Airport was constructed. In a company release, it is mentioned that the gated community commits to provide luxury and comfort [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) has concluded the concept for its Hyderabad Habitat Centre and sent it for acceptance of the municipal administration and urban development (MA&UD) department. The Hyderabad Habitat Centre (HHC) is constructed in about 12.5 acres at Izzatnagar near Hi-Tech City railway station, for promotion of heritage, art and culture on the lines [...] Continue Reading »
The government of Andhra Pradesh is going to sell its equity share in some marquee urban infrastructure projects in Hyderabad, likely boosting up a row because the state is in the process of being divided to from Telangana. The stake sale could collect hundred of cores of rupees but it can also lead to controversy, [...] Continue Reading »
Realtors in the city are a happy lot, due to political ambiguity in the state ending with the Centre’s move to bifurcate the state. Hyderabad will once again emerge as an investment destination which will lead to an uptick in real estate prices, according to realtors believes. At the ongoing Property Show-2014 organised by the [...] Continue Reading »
Ramky Infrastructure, the Hyderabad-based infrastructure company is in negotiations with private equity fund Morgan Stanley Infrastructure Partners and the Ajay Piramal group to sell three of its road assets to raise funds and cut debts. The company has plans to raise Rs 900 crore from the sale of assets. These assets that company wants to [...] Continue Reading »
At least for the next two years from April 1, flying out of the swanky Rajiv Gandhi International Airport (RGIA) at Shamshabad is all set to be lighter on the pockets. All credits to the Airports Economic Regulatory Authority’s (AERA) decision to scrap the heavy user development fee (UDF) that airport operator GMR Hyderabad International [...] Continue Reading »
KNR Constructions Ltd has bagged an EPC order worth Rs 290.25 crore for rehabilitation and up gradation of National Highway road in Andhra Pradesh, from the National Highways Authority of India. The Hyderabad-based infrastructure company stated, in a statement to BSE that the order is for up gradation of a road stretch on NH-565 between [...] Continue Reading »
Hyderabad and the surrounding areas have seen a dip in the property registrations after the Centre gave enough hints that the creation of Telangana state. The numbers as disclosed by the official sources dipped by a staggering 20 percent compared to last year and revenue also dipped in the entire state. It is being claimed by the [...] Continue Reading »
