Hyderabad
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 »
The SatyaVani Homes have announced to plans to set up a satellite township project at Pocharam in the IT hub of Hyderabad with an outlay of Rs 250 crore. The Hyderabad based real estate company plans to develop around 1,800 apartments including 400 service apartments on a 15 acre site in a phased manner over [...] Continue Reading »
The Telengana Government is trying to set up a ‘Pharma City’ near the state capital on the span of 8,000 acres. The city that has been proposed to be built will have industries, a residential colony and a power plant with 500 MW capacity will be constructed beside the city which will provide the city [...] Continue Reading »
The Sivaramakrishnan Committee was appointed by the Centre to facilitate identification of site for the creation of the new capital in Andhra Pradesh. This committee will hold meetings with the State Chief Minister N Chandrababu Naidu on Saturday to discuss the various options. The State has clearly specified its interest to set up the capital [...] Continue Reading »
Many global real estate players believe that the Narendra Modi Government would bring back positive market sentiments. Global real estate developer Tishman Speyer is also one of them and is shifting back its focus on India. The company now is looking at expanding its footprint in the domestic market and planning new projects across many [...] Continue Reading »
Recently several cities in India are taking action against illegally constructed buildings. In Hyderabad also after a gap of around 20 days, the Greater Hyderabad Municipal Corporation or the GHMC has taken strict decision to make a renewal in the crackdown procedure of unauthorized buildings that have been constructed in the city. The Greater Hyderabad [...] Continue Reading »
The central Hyderabad area still continues to be a preferential locality for residential properties in Hyderabad, even though new residential destinations in the city have been mushrooming of late. Some of the localities in the central Hyderabad area which still rule the roost in terms of the city’s real estate include Dilsukh Nagar, Malakpet and [...] Continue Reading »
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 »
Hyderabad, the city of pearls, never fails to impress on any count. When it comes to business or real estate opportunities, the city is big time ahead. However, of late there seems to be an invisible pause button clicked on the real estate growth opportunities for the city and its suburbs, across various quarters, say [...] Continue Reading »
