Hyderabad
The residents of the Malaysian Township project in Hyderabad are enraged by the attachment notice issued by the local Income Tax (I-T) department on 13th of June. The department issued an attachment order on the developer of the township, Swarnandhra-IJMII Integrated Township Development Company Pvt Ltd (SITCO), for nonpayment of tax of Rs 54 crore. [...] Continue Reading »
The first two quarters of the ongoing year 2012 have seen 21% decrease in office space absorption across key metro cities in India. The office space absorption in this year being 13.4 million square fee while it was 16.9 million square feet at the same period in 2011. According to the latest Cushman & Wakefield [...] Continue Reading »
The office space absorption in Hyderabad grew 5 % while overall office space absorption across top eight cities of the country plummeted 21% to 13.4 million sft as compared to 16.9 million sft in the first half of 2011, according to a study by global real estate consultancy firm Cushman & Wakefield. This steep drop in office [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
With decreased water supply, erratic timings doubled with continuous low pressure, Hyderabad is having water crisis in spite of heavy downpour last week. Many localities in the city continue to reel under acute water shortage and in many areas the problem worsened as water tankers continue to be the only respite for many residents. Residents [...] Continue Reading »
Edelweiss Housing, a branch of financial service provider Edelweiss Group, aims at taking its total loan-book size to Rs 6,000 crore by 2015, a top company official said. The firm has a loan book size of 900 crore and has set up its housing finance in 2010. Anil Kothuri, Edelweiss Housing Finance Executive Vice-President, told that the company started [...] Continue Reading »
As monsoon is on its way for many parts of India, it looks like GHMC Hyderabad is not bothered to get prepared to face the monsoon. There are still many places in the city where desiltation of the nalas is only half done and the civic body’s disaster management cell do not have enough manpower [...] Continue Reading »
The Outer Ring Road (ORR) and the PVNR Expressway have become death traps for commuters as a series of accidents have been happening here from past few months. Hyderabad Metropolitan Development Authority (HMDA) officials are worried over the issue. The 158-km long ORR has witnessed quite a few accidents resulting in deaths of sons of [...] Continue Reading »
There are many defaulters in Hyderabad who have been eluding property tax. For catching those people and to save crores of rupees lost as revenue in the form of property tax, GHMC Hyderabad has planned to install Geographic Information System (GIS). Two agencies, Vayum Technologies and Vensoft, will help the civic body with the endeavour [...] Continue Reading »
The land disputes in the prime area of Banjara Hills remain unresolved from decades, between government and private parties that claim to be its owners. Up to 140 acres of vacant land in different parts of Banjara Hills worth as much as 3,000 crores is under litigation presently. Claimants of these properties are descendents of [...] Continue Reading »
