Hyderabad Metro rail receives safety approval
November 21, 2017

Scheduled to become operational on November 28 this year, Hyderabad Metro has received the safety approval from the Railway Safety Commission. Ram Kripal, Commissioner of Metro Rail Safety (CMRS) and his team has inspected various aspects of the metro, including civil works, track, RoB, viaduct, stations, electrical, signalling, train control, telecommunication, and rolling stock. The team has conducted speed trials on the Metro train for three consecutive days and issued clearance for the Mettuguda to SR Nagar metro corridor via Ameerpet Interchange Metro Station. Officials have informed that the CMRS approval for two corridors, Nagole to Mettuguda and Miyapur to…

Hyderabad Metro to start final trials soon
November 7, 2017

Final trial runs of the Hyderabad Metro rail running between Begumpet and SR Nagar via the Ameerpet interchange station would be conducted soon. DVS Raju, Chief Electrical Inspector, has inspected the overhead power systems where electricity is drawn from the 132/25Kv receiving station at the Uppal depot. Safety certifications have been obtained for Nagole to Begumpet and Miyapur to SR Nagar. Shivanand Nimbargi, Chief Executive Officer, L&T Metro Rail Hyderabad, has informed that all the statutory requirements would be completed by November 20 with all necessary inspections and clearances. The first phase of the Hyderabad Metro covering a 30 km…

Hyderabad sees a 55% dip in launches post RERA & GST
November 7, 2017

During July-September 2017, Hyderabad has witnessed a dip of 55 percent in new launches as compared to the previous year during the same period, reveals a report by Cushman and Wakefield. The city has recorded a decline in new unit launches during July-September to around 1,030 units. Experts opine the implementation of the Real Estate (Regulation & Development) Act (RERA) and the rollout of Goods and Services Tax (GST) have been the primary drivers for such low numbers. Developers have focused on ensuring compliance with newly announced regulations, believe experts. Veera Babu, Managing Director-Hyderabad, Cushman & Wakefield, has stated that…

Realty boom hits Hyderabad market
November 3, 2017

A decade post the formation of Hyderabad Metropolitan Development Authority (HMDA), the Hyderabad metropolitan region has started showing signs of recovery with a surge in construction activity. Since the formation of Telangana in 2014, the number of building approvals has escalated from 58 to 314 till October 2017. Going by the current trend, the HMDA is expecting this number to touch 500 by December. HMDA's administration outspreads over 7,000 sq km from Sangareddy on one end to Bhongiri on the other. Officials mentioned that HMDA has given permission for 1,000 construction activities including layout permissions in the past three years. Most…

Greater Hyderabad acquires land for 2BHK scheme
October 24, 2017

The Greater Hyderabad Municipal Corporation (GHMC) has recently acquired land worth over Rs 2,000 crore, located at different places in Greater Hyderabad for the development of the 2BHK housing scheme, a flagship housing project of state Chief Minister, K Chandrasekhar Rao. GMHC has managed to acquire over 66 acres of land in various sizes. B Janardhan Reddy, Commissioner, GHMC, stated that the municipal authority has identified and convinced the dwellers of 38 slums to agree to give up their land for the project. Several surveys have been conducted to measure the area of land occupied by slum dwellers, or families,…

Hyderabad Metro Phase 1 to become operational on Nov 28
October 23, 2017

The first phase of Hyderabad Metro Rail project will become operational on November 28. The project will be inaugurated by the Prime Minister, Narendra Modi. The first phase of the Hyderabad Metro will be a 30 km stretch running from Nagole to Miyapur. Of which, a 17 km stretch will run from Nagole to Ameerpet on Corridor III and the remaining 13 km will operate from Ameerpet to Miyapur on Corridor I. The Hyderabad Metro Phase 1 traverses along one of the most congested arterial roads of the city. The Hyderabad Metro Rail project will include a 72-km stretch encompassing…

Telangana government prohibits land registrations on lake beds
October 4, 2017

The Telangana government has decided to prohibit land registrations on lake beds and buffer zones, majorly in the Hyderabad Metropolitan Region. As per a recent survey conducted by the State's Revenue Department, around 150 lakes in Ranga Reddy district and 250 lakes in Medchal districts have been encroached upon by residents and developers. T Chiranjeevulu, Metropolitan Commissioner, Hyderabad Metropolitan Development Authority (HMDA), has informed that the Authority has asked district collector of Ranga Reddy, Medchal-Malkajgiri, Medak, Sanga Reddy, Siddipet, and Yadadri-Bhongir districts in Hyderabad Metropolitan Region to prohibit land registrations on lake beds and buffer zones. Officials have shared that…

Hyderabad Metro’s trial run to commence after October 15
September 27, 2017

The Hyderabad Metro Rail (HMR), which is proposed to open for public in November 2017 will commence its trial run after October 15, post completion of rail work said a senior official. NVS Reddy, Managing Director, HMR, has analysed the quick progress of the metro rail project on the 30-km long stretch from Miyapur-Ameerpet (13 km) of corridor-I and Ameerpet-Nagole (17 km) of corridor-III in the city. He further assured that the metro officials are dedicated towards achieving the October 15 deadline for the trial run of metro, following which the Commissioner of Metro Rail Safety (CMRS) would be invited to grant…

Hyderabad Metro phase I to become operational in November 2017
September 10, 2017

Telangana government plans to launch the first phase of Hyderabad Metro in November 2017. It has requested the Prime Minister to inaugurate its operation. State government claims that Hyderabad Metro project is the largest Public Private Partnership (PPP) project in India, and involves a cost of Rs 15,000 crore. Currently, construction is being carried out in three phases over an area of 72 km. Meanwhile, a 13 km-long stretch between Ameerpet and Miyapur as well as the 17 km-long Ameerpet-Nagole corridor have already been completed. Officials state that the metro stations in these routes are also ready. The government has…

Hyderabad witnesses rising commercial rentals in H1 2017
August 29, 2017

According to a report published by CIRIL, rental values of commercial properties in Gachibowli and Financial District in Hyderabad have seen an upward trend in the first half (H1) of 2017. The rise in rental values in the commercial segment is due to the increased demand for office spaces from the Information Technology (IT) and IT enabled Services (ITeS) sectors. In the first six months of 2017, around 2.2 million sq ft of grade A office spaces were leased in commercial hubs such as Madhapur, Hi-Tec City, Raidurgam, Gachibowli, Kondapur, and Financial District. It is expected that another three million…

Hyderabad infrastructure to get Rs 10,000 crore boost
August 23, 2017

Telangana government plans to spend Rs 10,000 crore for upgrading infrastructure in Hyderabad in the next few years. Several connectivity projects have already been tendered by the government. KT Rama Rao, municipal administration minister shared that the government will spend Rs 2,000 crore on two major flyovers, JBS-Thumkunta and Paradise-Kompally, as soon as it receives clearances from the defence department. Two more flyovers, Amberpet chowarasta-Uppal and Uppal-Ghatkesar, are currently in the tendering stage, and will involve an investment of Rs 250 crore and Rs 1,000 crore, respectively. In addition, the state government may also decide to extend the Balanagar flyover up…

Telangana RERA: Regulator and appellate tribunal likely to be delayed
August 18, 2017

Notified on August 4, Telangana Real Estate (Regulation and Development) Act (RERA) is yet to give the intended benefits to the real estate industry since the state has not formed the regulatory authority yet. In addition, there is no appellate tribunal either which would look into complaints against decisions taken by the regulator. Officials state that the Municipal Administration Secretary would act as the interim regulator until the permanent authority is formulated. According to the Telangana RERA rules, a committee consisting of the High Court Chief Justice or his nominee, Law Secretary, and Housing Department Secretary will select candidates for…

Telangana RERA: Developers request exemption from mortgage clause
August 15, 2017

Developers in Telangana have requested the state government to offer them exemption from the mortgage clause which requires them to pledge ten percent of the approved built-up area to the local authority. This is to ensure that developers do not deviate from the approved plans, and once the project is completed without violations and acquires occupancy certificate, the pledged area is returned to the developer. However, if the project deviates from the approved plan or violates any rules, the developers have to give up the pledged area and the authority can demolish any additional constructions. Developers explain that as the…

Telangana government to set up a town planning tribunal soon
August 9, 2017

Telangana government plans to set up a Telangana Municipal Building Tribunal (MBT) which will deal with town planning cases. Illegal constructions in areas within the Greater Hyderabad Municipal Corporation (GHMC) will be the prime focus of the tribunal. The tribunal will have to follow the processes mentioned in the Code of Civil Procedure, 1908, and will have civil court powers. Navin Mittal, MA&UD department secretary, shared that the process of appointing members for the tribunal has already begun and is expected to be completed soon. Once it becomes operational, the tribunal will help in disposing off pending cases quickly. It should be noted that…

Telangana notifies RERA rules
August 4, 2017

Telangana government has finally notified the state rules under the Real Estate (Regulation and Development) Act, 2017. All ongoing projects being constructed on 500 sq m plots or having more than six units, or those approved after January 1, 2017 will come under the purview of the Real Estate Act. S Balakrishna, Additional Director, municipal administration department, comments that RERA will exclude those projects which have received occupancy and completion certificates. Officials state that the Telangana government has made minimal changes in the central Act to avoid any complaints about dilution. It should be noted that states like Andhra Pradesh…

Telangana government fails to notify RERA rules
July 31, 2017

Despite receiving additional time from the Centre, Telangana has failed to notify its rules under the Real Estate (Regulation and Development) Act (RERA) by July 31. Since developers cannot sell or advertise any projects from August 1 without registering under RERA, real estate market in the state is likely to be impacted by this delay. Officials share that the rules have been sent to government for approval and is expected to be notified in 10 days. The industry might receive an extension of two to three months to adhere to RERA guidelines and complete registration considering that the state rules…

Hyderabad and Bangalore remain top office markets: JLL
July 22, 2017

According to a report by JLL India, Bangalore and Hyderabad topped the total office space leased across India's top cities in the second quarter (Q2) of 2017. Both state capitals accounted for 47 percent of the total leasing volume during the period. The report also stated that Hyderabad has witnessed a 98 percent hike in net absorption of office space, reaching 1.9 million sq ft during April-June 2017. However, in Bangalore, a marginal growth of at 0.4 percent was recorded in absorption levels. The overall growth in office space absorption has dipped due to lower supply hitting the market, explained…

RERA impact: Rental prices to go up by 4% in Hyderabad
July 15, 2017

According to a report by Colliers, rental prices in Hyderabad are likely to go up by four percent in the coming months on the back of the implementation of the Real Estate (Regulation and Development) Act (RERA), 2016. It should be noted that RERA rules are yet to be notified in Andhra Pradesh. However, once in effect, the rules will push rental prices in the state north by 10 percent in the coming three years. Under RERA norms, all upcoming and ongoing real estate projects are mandated to get registered with the regulatory authority by July 31. Experts believe that…

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