Andhra Pradesh
The L&T Hyderabad Metro rail project is likely to suffer delays, escalation of costs, and change in terms of concession agreement; with Telangana Chief Minister K Chandrasekhar Rao having suggested that the alignment of the project should be tweaked in congested business hubs and at a busy road near the heritage structures. The officials from [...] Continue Reading »
There was a recent hike in cement prices and the real estate developer community is extremely upset about it as the cost of the projects will go up many folds as a result of this. The southern states are planning to play a demand and supply game to bring down the prices as they feel [...] Continue Reading »
The corporate bigwigs of Andhra Pradesh desire that the new Government, under the headship of Narendra Modi, should take up development issues as a top priority, to give the industry a substantial boost. Talking about the people’s mandate in the two states, and sharing their views about the post-poll scenario, some of the Andhra industry’s [...] Continue Reading »
According to an Assocham report, Maharashtra replacing Gujarat has appeared to be the number one investment destination in the country. An analysis by the industry group illustrated, as on December 2013 Maharashtra attracted investment proposals of Rs 14,73,466 crore cumulatively, while Gujarat drew proposals worth Rs 13,98,347 crore. The state’s focus on development of industrial [...] Continue Reading »
Investments are pouring in Visakhapatnam reason being it is in the race to be the capital of Andhra Pradesh. APIIC has received many applications, with majority of them being pharmaceutical companies, which signifies that it has emerged as one of the most potential business destinations. In Visakhapatnam as per AP Industrial Infrastructure Corporation (APIIC),in just [...] 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 »
Visakhapatnam is well suited to be the capital city for the residual Andhra Pradesh, presented with a natural harbour, long seafront and cosmopolitan flair, said C Shekar Reddy, national president of the Confederation of Real Estate Developers’ Associations of India (Credai). He informed mediapersons, “Going by the global experience, cities facing waterfront have flourished economically [...] Continue Reading »
According to a report by IIM Bangalore (IIM-B) , the housing sentiment index (HSI) of Hyderabad has increased 22 per cent to 101 in the third quarter of the current financial year, in spite of imminent bifurcation of Andhra Pradesh. This is a sentiment index of the Indian real estate market that focus to capture [...] 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 »
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 »
