Hyderabad Authority to acquire land via pooling method
January 16, 2017

The Hyderabad Metropolitan Development Authority (HMDA) intends to go for land pooling in order to acquire land for the planned development of the metropolitan region. This is expected to help control the emergence of unauthorised layouts and haphazard growth of the city. T Chiranjeevulu, Commissioner, HMDA, shared that the draft rules for the pooling scheme have been forwarded to the municipal administration. Chiranjeevulu stated that this scheme will benefit land owners as they will not… Read More

Hyderabad to get 2.6 million sq ft of retail space in 2017: Report
January 8, 2017

A recent report by Cushman & Wakefield anticipates that Hyderabad will witness the highest new supply of retail space in the country during 2017. Eight new malls with a total area of 2.6 million sq ft are expected to become operational this year, giving Hyderabad’s retail landscape a significant boost. Majority of the new supply will be witnessed in the north-west zone in areas such as Chandanagar, Gachibowli, and Kondapur. Anshul Jain, Managing Director -… Read More

GHMC to use satellite imagery for identifying illegal buildings
January 3, 2017

The Greater Hyderabad Municipal Corporation (GHMC) will soon be benefited by a mobile application, which is being developed by the National Remote Sensing Centre (NRSC), to locate and identify illegal constructions and unauthorised structures in the city though satellite imagery. GHMC is also set to utilise Bhuvan, the geo portal by Indian Space Research Organisation (ISRO), for accessing satellite images to process Building Regularisation Scheme (BRS) applications. The images will help the civic body in… Read More

Phase I of Pharma City to attract 350 firms
January 3, 2017

Over 350 firms, including about 120 major players, are expected to take up space in the first phase of the 12,500 acres Pharma City, proposed at Mucherla in Rangareddy district in Hyderabad. The state government is working on the master plan for the same in order to allot land for interested pharma players. While a conceptual plan for the ambitious project has already been prepared by a Singapore-based firm, the master plan for the same… Read More

Telangana waives off Rs 3,920 crore of home loans owed by the poor
December 29, 2016

The Telangana government has announced the waiver of outstanding loans amounting to Rs 3,920 crore for the beneficiaries of the housing schemes for the economically weaker sections of the state. K Chandrasekhar Rao, Chief Minister, Telangana, confirmed that the loan component has been waived off for the beneficiaries of the Indiramma housing scheme between 2004 and 2014. This waiver is also applicable for the beneficiaries of the Rajiv Gruhakalpa housing scheme. As per Rao’s disclosure… Read More

Land acquisition for Hyderabad metro picks up pace
December 24, 2016

With the deadline for Hyderabad metro rail approaching, the Special Task Force (STF) had a review meeting in the state capital recently. The meeting, chaired by K Pradeep Chandra, Chief Secretary, STF, was called to monitor the progress of the much-awaited project and discuss actionables to expedite the acquisition of properties in Sultan Bazar, Badichowdi, Putlibowli, Yousufguda, and Jubilee Hills areas. During the meeting, Chandra directed the Secretary of Minorities Welfare, to immediately handover reports… Read More

Telangana government’s 2BHK housing scheme in Secunderabad gets a nod
December 20, 2016

The ambitious housing scheme by Telangana government has progressed a step further with the land survey being completed at Rasoolpura in Secunderabad. The state government has proposed to build 300 2BHK units in Rasoolpura. A survey for the acquisition of land parcels had been ordered which has finally been completed. The land parcel in Rasoolpura belongs to the Telangana government, which has earmarked two acres for the housing scheme in the laicity. As per the… Read More

Andhra Pradesh to develop 6 towns as smart cities
December 16, 2016

Andhra Pradesh government has decided to turn six more towns into smart cities. The chosen towns are Srikakulam, Kurnool, Ongole, Eluru, Nellore, and Anantapur. Kakiknada, Tirupati, and Vishakhapatnam have already been shortlisted under Centre’s Smart Cities Mission. Some experts are of the opinion that this decision is aimed at garnering additional financial help from the Centre. However, state officials are doubtful whether the union government will fund the six towns as the three selected under… Read More

Russian Railways to help high speed train corridor in Hyderabad
December 10, 2016

A 12-member delegation of experts from the Russian Railways recently held preliminary discussions with senior officers of the South Central Railway (SCR) about the feasibility and implementation of the High Speed Rail Corridor between Secunderabad and Nagpur. Due to traffic congestion in the region, Indian Railway authorities had been in talks with Russia to introduce high-speed trains on the route for quite some time. The visit was a follow up on the Memorandum of Understanding… Read More

Press Release

Alien Space Station in Hyderabad receives funding worth Rs 200 crore
December 7, 2016

Alien Space Station in Hyderabad receives funding worth Rs 200 crore7th December 2016 Recently, a financial institution has sanctioned Rs 200 Crore loan for completion of a Hyderabad based project named Alien Space Station. The project would be completed in two phases by renowned developer Alien Group who will award the contract to a leading tier 1 contractor. Till date, this is the largest transaction for any residential space in Hyderabad.  Read More

Andhra Pradesh smart city projects get French boost
December 2, 2016

Andhra Pradesh got a major boost after France offered its support in carrying out various developmental projects such as Smart City, solar energy and sports stadiums. The announcement was made by Alexandre Ziegler, France Ambassador leading industrialists delegation during the meeting with Chandrababu Naidu, Chief Minister of the state in the presence of Yanamala Ramakrishnudu (Finance minister), P Narayana (Municipal Administration Minister), Ajay Jain and Cherukuri Sreedhar (senior officials). The French delegation has shown its… Read More

Hyderabad property prices expected to soar in 2017
November 30, 2016

Industry experts expect real estate prices in Hyderabad to rise in 2017 on the back of the Real Estate Regulatory Authority (RERA) and Goods and Services Tax (GST). The recent demonetisation is likely to add to this expectation. This might not work in the favour of property buyers. Currently, both Andhra Pradesh and Telangana have low Value Added Taxes (VAT). With GST expected to be set at 18 percent along with seven percent stamp duty,… Read More

Telangana authorities act against buildings violating fire safety norms
November 28, 2016

It has recently come to the notice of Telangana authorities that many multi-storeyed buildings including residential apartments, hospitals, shopping malls, cinema theatres and educational institutions in the state are violating the mandatory fire safety norms. In this regard, the Telangana Disaster Response and Fire Services Department will be imposing penalties on 45 developers and owners of these structures. The move was taken after the trend that emerged from the surprise inspections of 248 high-storeyed buildings… Read More

Telangana housing scheme receives cooperation from cement companies
November 27, 2016

Telangana government has signed a Memorandum of Understanding (MoU) with 32 cement companies in order to further its 2BHK housing scheme. As per the contract, the cement companies will provide 27.31 lakh metric tonnes of cement for the housing scheme for the poor. The cement will be provided at the agreed rate of Rs 230 per bag for three years. The agreement was signed by the Telangana Housing Corporation and 32 cement manufacturers. The companies… Read More

Government approves Pharma City SPV
November 22, 2016

The incorporation of the Special Purpose Vehicle (SPV) for the Hyderabad Pharma City project has been approved by the Department of Industrial Policy and Promotion (DIPP) of the Government of India. The SPV, named Hyderabad Pharma City Ltd (HPCL), will carry out all development activities for the project. The decision is expected to accelerate the work pertaining to the project. Proposed to be located in Ranga Reddy district, the Pharma City project will be developed… Read More

New Hyderabad Metro corridors to open next year
November 12, 2016

Two most-awaited stretches of Hyderabad Metro are expected to be opened to the public by June next year. After much delay, an eight km long stretch between Nagole and Mettuguda and a 12 km long corridor between Miyapur and SR Nagar may commence commercial operations on the Telangana Formation Day anniversary, which is June 2, or on the occasion of Ugadi. The construction contractor for the metro project is Larsen & Toubro, which has claimed… Read More

Demand for cement likely to rise in Telangana, Andhra Pradesh
November 9, 2016

The demand for cement in Telangana and Andhra Pradesh is expected to rise this month, assert industry experts. This anticipation is driven by the infrastructure projects in the pipeline as well as demand from state governments for welfare schemes. This growth is likely to continue for the next two to three years and might push the demand up by 20 to 22 percent. In Andhra Pradesh, the construction of the new capital as well as… Read More

Dearth of office spaces in Hyderabad hits IT firms’ expansion plans
November 1, 2016

Major corporate and Investment Technology (IT) firms’ expansion plans in Hyderabad have been severely hit owing to the lack of available office spaces in the city. In the past one year, many companies have been trying to find office spaces in Vijayawada and nearby areas as well as Vishakhapatnam, but have failed to locate one. Around 30 local IT company owners have reached out to Andhra Pradesh (AP) state government expressing interest in launching their… Read More

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