Hyderabad
The Secretariat Colony in Puppalguda has turned in to a hub of illegal apartments. A group of Secretariat employees have bought vacant plots and even independent homes in this area about two decades ago, are now redeveloped into commercially viable multi-storied projects which largely caters the middle-class buyers. Hyderabad Metropolitan Development Authority (HMDA) officials said [...] Continue Reading »
Affordable homes are now available in Oragadam, Chennai, launched by Value & Budget Housing Corporation (VBHC), which spreads over 30 acres of land. The scheme VBHC Vaibhava is the maiden project of VBHC, which is connected to the industrial hubs of Sriperambudur and Oragadam and will be completed in two phases. The first phase is [...] Continue Reading »
According to a new report, realty sector of India, which has been floating in loss and debts of builders, over past few years, seems to have begun to rise from the bottom. Aashiesh Agarwal, real estate analyst at Edelweiss Securities, expressed his views on the progress of real estate, in the report released on Wednesday. [...] Continue Reading »
As the new projects under second phase of Jawaharlal Nehru National Urban Renewal Mission (JNNURM) are being assigned to Greater Hyderabad Municipal Corporation (GHMC), old projects under JNNURM-I worth Rs 800 crore still lie unfinished. The actual deadline given was 2012 but the center gave extra time till 2014. A total of ten projects are [...] Continue Reading »
The Secunderabad Cantonment Board (SCB) has taken the initiative of fixing water meters in its jurisdiction for residential customers. This initiative was taken to monitor water usage and consumption. SCB is also expecting a boost in their revenue through this venture. In the past, residents have been blaming the board for irregular and inadequate water supply. In [...] Continue Reading »
Witnessing the poor condition of lake, Hyderabad Metropolitan Development Authority (HMDA) has formed a seperate branch to save lakes in the city. The new division so formed will coordinate with district collectors of Hyderabad, Greater Hyderabad Municipal Corporation (GHMC), irrigation department, municipalities and gram panchayats in the surrounding localities. Hussainsagar lakes will be listed and [...] Continue Reading »
Real estate index has been on a rise in three main cities of Southern India- Hyderabad, Bangalore and Chennai. Around 45% of commercial office spaces and 56% of mall spaces will be contributed by these main cities of South India between 2012-16. Also, in the residential sector, the cities accounted for one-third of the country’s [...] Continue Reading »
Witnessing many contracts not able to finish within the stipulated time by the contractors, Greater Hyderabad Municipal Corporation (GHMC) has plans of making some amendments in the current contract system. One of the reasons cited by the contractors is due to financial constrains as contracts have to be finished within the limited budget of Rs [...] Continue Reading »
Hyderabad is witnessing an all time low water shortage scenario and the city’s water tankers are also in a dry situation over the same. From past one week, the consumers are unable to reach the water board’s ‘Dial-a-tanker‘ number and even private water tanker owners are giving it a miss as they are unable to [...] Continue Reading »
In a report by a global property consultancy firm it is came to know that Hyderabad, Chennai and Pune are among the top five cities in the world with the lowest office occupancy cost. Total occupancy cost includes real estate price, infrastructure and efficiency of buildings. Costs have come down in these three cities because [...] Continue Reading »
