Hyderabad
A global real estate consultant says that the Office space requirement is likely to increase by 7 percent during this year to 29 million sq ft in India’s 7 major cities as corporates are looking at expanding their business. The demand of office space was 27 million sq ft last year in the seven cities [...] Continue Reading »
The Hyderabad-based IL&FS Engineering and Construction Company has won a contract for development of elevated depot cum workshop for the Rapid Metro Rail Gurgaon (RMRG- Phase-II). The cost of this project is Rs 69.97 crore and the time period of completion of this project is 2 years. As per the press release the company is [...] 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 »
India’s large mall developers companies are focusing on small towns, scouting for potential purchases. Developers like Future Group, Inorbit Malls (India) Pvt. Ltd and Infiniti Mall are looking to acquire malls in small cities to tap the potential there, while the top urban markets are close to being saturated. Inorbit, a division of Mumbai-based real estate developer K Raheja [...] Continue Reading »
The Greater Hyderabad Municipal Corporation commissioner Somesh Kumar has suspended deputy municipal commissioner, Qutubullapur, V. Mamata, assistant city planner M Tulasiram and section officer Sreedhar Goud because they does not take timely action against unauthorized development in Qutubullapur. As per an official, release suspension orders of the deputy municipal commissioner, assistant city planner and section [...] 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 Airports Economic Regulatory Authority (AERA) has ordered to scrap the user development fee at Rajiv Gandhi International Airport here. GMR Hyderabad International Airport is considering challenging the order as this will have a negative impact on the company’s financials, said Siddharth Kapur, CFO, GMR Infrastructure’s airport business. Kapur said on the sidelines of India [...] Continue Reading »
Union Minister of Civil Aviation Ajit Singh announced in Hyderabad that airports in India are expected to attract investments worth $12.1 billion during the 12th Plan period, including $9.3 billion from the private sector. India is expected to reach third position with a fleet size of 1,000 by 2020 and holds 9th position in civil [...] 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 »
In a report by the property consultant firm, Knight Frank, it has been seen that housing sales in Hyderabad has seen a 4 per cent drop in 2013 to 16,500 units but volumes are expected to pick up from year-end on hopes that uncertainties will fade away with the decision to form Telangana . Knight Frank [...] Continue Reading »
