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<title>Press Release / varma / All</title>
<link>http://www.newdesignworld.com/press</link>
<description>Free Press Release</description>
<pubDate>Thu, 08 Jan 2009 05:26:25 -0500</pubDate>
<language>en</language>
<item>
<title><![CDATA[Is it goodbye Hyderabad Metro Rail?]]></title>
<link>http://www.newdesignworld.com/press/story/7026</link>
<comments>http://www.newdesignworld.com/press/story/7026</comments>
<pubDate>Thu, 08 Jan 2009 05:26:25 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/7026</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- B Ramalinga Raju's Rs 5,000 crore fraud has rung the death knell for the Hyderabad Metro Rail project. While Delhi metro chief may have sniffed a a4political scam' months ago, the government was batting for Raju until Wednesday.The government is now &quot;weighing options'' whether or not to continue with Maytas Infra as the project's developer.Senior state officials confirmed to TOI that the government was looking into this &quot;serious issue'' (Raju's fraud confession) and that it would take a &quot;decision'' soon. Industry sources indicated the government may now terminate Maytas Infra's contract and go for a fresh bid. Only this time, there wouldn't be many interested parties to take up the project given the market condition, industry sources say. Eroding Maytas's chances to continue with the metro project is the fact that the developers are nowhere close to making a financial closure. In fact, Satyam's aborted bid to acquire Maytas was largely viewed as an exercise to show strong collaterals to raise money from the market as debt for the metro rail project. Industry sources had then said that Satyam's balance sheet would come in handy to raise funds for the Rs 12,000 crore project. &quot;As against a land bank (Maytas Infra owns land along the three corridors of the project), a Satyam balance sheet is a stronger collateral, much more secure and more valid,'' an industry source had then said. The same Satyam balance sheet has now wiped out Maytas's chances to continue.Besides, the state could also be running out of time. &quot;As per the bid agreement, the financial closure should have been done within 180 days (of winning the bid). However, the bid was won by Maytas on July 22 and six months hence there is no sign of the closure,'' says a senior industry source.Metro rail, the three corridor and 71 km project, is estimated to cost Rs 12,000 crore and industry experts say that the Maytas Infra led consortium would have to raise at least Rs 10,000 crore as debt from the market including loans from banks and financial institutions. Maytas Infra is not claiming a single penny under the a4viability gap funding' and will, on the contrary, be paying the government for building the project. In return, it has got 296 acres of prime land from the government for commercial exploitation. However, given the plummeting real estate valuations, this asset will serve as a poor collateral. &quot;The project will not happen. The entire guarantee (to raise money) was coming from Satyam. But how will they do their debt structuring now,'' questioned an industry senior, adding that either Maytas will withdraw from the project itself or the government would terminate its contract: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Real estate market bore the brunt of slowdown in 2008]]></title>
<link>http://www.newdesignworld.com/press/story/6885</link>
<comments>http://www.newdesignworld.com/press/story/6885</comments>
<pubDate>Sat, 03 Jan 2009 02:52:51 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/6885</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) --   What goes up has to come down.On a high since 2005, Indian property market descended in 2008 with prices falling by 15-20 per cent.High interest rates regime and economic slowdown, coupled with the ripple effect of the US subprime crisis cooled off the overheated realty sector to some extent, forcing developers to adopt cost-cutting measures, such as deferment of projects, salary cuts and layoff of employees.Developers, big or small, faced huge liquidity crunch as both end-users and investors shied away from the market. The sector's woes got further accentuated from the kind of battering it received at the stock market, with its share price falling like ninepins.The fall in sales volume was so sharp that turnover and profit of almost all the companies started to decline from the first quarter of 2008, which became more pronounced as the year progressed. &quot;In 2008, the Indian realty sector took an unprecedented body blow.There has already been an overall drop of demand to the tune of 45-50 per cent,&quot; real estate consultant Jones Lang LaSalle Meghraj Chairman and Country Head Anuj Puri said. He pointed out that the prices of residential units fell by an average of 15-20 per cent across the country and said similar trend was witnessed in rentals for retail spaces.DiscountsThe slump in demand forced developers to offer discounts and freebies to boost sales. But that did not help the industry, and sought government's help to come out of trouble.The Centre did not disappoint the industry and announced lower interest rates for home loans up to Rs. 20 lakh, which prompted the developers to focus on affordable housing.It was all well till the end of the last year and realty majors like DLF, Unitech and Emaar MGF were all set to raise huge capital from domestic and overseas markets in 2008 to fund their massive expansion plans. But the mood changed within a few months when Emaar MGF had to withdraw its maiden public offer of over Rs 7,000 crore in February because of bad market condition.On seeing the fate of Emaar MGF's IPO, many other realty firms decided not to try their luck in the capital market.The development was in complete contrast to 2007 when the sector emerged among the top fund-raiser with DLF leading the chart at over Rs 9,000 crore.The realty index on the Bombay Stock Exchange fell by over 82.49 per cent at 2,283.52 points on December 30 compared to 13,037.89 points on January 1 this year. Unitech seemed to be the biggest loser with its scrip currently trading over 92 per cent down since the beginning of the year.The shares of DLF, IndiaBulls, HDIL, Sobha Developers, Omaxe and Parsvnath also crashed between 73 per cent and 90 per cent on the BSE during the review period............For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Meltdown pushes major projects on the back burner]]></title>
<link>http://www.newdesignworld.com/press/story/6625</link>
<comments>http://www.newdesignworld.com/press/story/6625</comments>
<pubDate>Tue, 23 Dec 2008 04:19:32 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/6625</guid>
<description><![CDATA[Global meltdown and slump in the real estate are beginning to impact big projects proposed at Gachibowli and Madhapur. Some projects have been put on hold even before the foundation stone is laid, while some builders are reluctant even to pay building permission fee to the Hyderabad Metropolitan Development Authority (HMDA). Nearly 23 firms have to pay Rs 187 crore to HMDA.Most of these realestate projects are proposed for construction of IT office spaces, service apartments and hotels in Gachibowli and surroundifng areas of Hi-Tec City which fall under the erstwhile Cyberabad Development Authority.Though HMDA cleared these projects a few months ago, many construction and development firms have not paid development charges and impact fees for taking sanctioned plans from the urban development authority.As many as 23 firms have to pay about Rs 187 crore to the HMDA and other builders have to clear another Rs 50 crore towards development charges, impact fee and other charges. HMDA officials are worried as permission fees is the major source of income for the authority.For instance, realty major Aliens Development Pvt Ltd has to pay Rs 29.44 crore and Oakwood Estates belonging to former cricketer Arshad Ayub has to clear Rs 94.36 lakh.Mantri Developers Pvt Ltd has proposed an office complex with 14 floors and residential complex with 24 floors at Nanakramguda, but it has not cleared Rs 44.14 crore towards permission charges. Similarly, one Anil Kumar Kishen sought permission for building an IT hub with 12 floors and a residential apartment at Gachibowli. When the authority cleared his file and asked him to pay Rs 11.04 crore, the builder has not responded to HMDA reminders to pay up. Another firm Trendset Bharat Projects Developer Pvt Ltd has to pay Rs 8.78 crore to the authority.Universal Realtors Pvt Ltd, which has proposed a hotel building with cellar and 12 floors, owes Rs 7.85 crore to the authority, another company Theme Construction Pvt Ltd which proposed residential apartments with 14 floors has to clear Rs 4.84 crore dues towards building permission charges. B Sarat Gopal applied for permission for IT building with four cellars and 10 upper floors, though it was cleared in October this year, the builder has not paid Rs 12.20 crore to the authority.&quot;Applications of nine firms for construction of IT offices and hotels were cleared in the erstwhile Cyberabad Development Authority areas (Madhapur, Gachibowli areas) and 14 building permissions in HMDA areas in the past six months. All these builders owe Rs 187 crore to the urban development authority,&quot; a senior HMDA official said.&quot;It is true many builders are rethinking their big projects due to the recession and its impact on IT/ITeS sector as they are the primary consumers. Some builders are waiting all these months for reduction in development charges and impact fee, which are very high,&quot; P V S N Murthy, president of AP Builders' Association, said.&quot;As the government has recently taken a decision to allow builders to pay the impact fee in instalments and reduction in development charges, now the builders can clear the dues in instalments,&quot; Murthy added............For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Good times ahead for middle-class buyers]]></title>
<link>http://www.newdesignworld.com/press/story/6228</link>
<comments>http://www.newdesignworld.com/press/story/6228</comments>
<pubDate>Tue, 09 Dec 2008 05:27:52 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/6228</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) --   The overall slowdown in realty sector may have given sleepless nights to major players, but it has also given hope to middle-class families planning to own a house. They are now eagerly waiting for the property prices to come down further before making a move. And things are moving their way. Real estate majors who jacked up property prices during the unprecedented boom in the property sector in the past three years, have suddenly realised that prices have gone beyond the reach of even upper middle class groups. With the global economic meltdown dampening the sales prospects, several builders have decided to cut down property prices to boost sales and to avert the effects of recession.The National Real Estate Development Council, the apex realty body in the country, has decided to cut down apartment prices in the existing projects by 5 per cent. Those who plan to invest in future projects are luckier, as prices will be slashed by 10 per cent. Major players such as DLF, Unitech, Ansals, Parsvnath, Omaxe, Assotech, Som Datt Builders, Sobha Developers, Eldeco, and Raheja Developers are members of the council. Realtors feel the initiative will give a boost to housing and construction industry in times of slowdown. DLF and Unitech have already decided to slash prices and more builders are expected to follow suit. City builders however, say that the prices can be slashed further, even up to 30 per cent, if only the government rolls back the multiple and double taxation policies.The government should ensure lower rates for home loans, bank credit to developers and offer a package to give a boost to the industry. &quot;Apartment prices went up not only because of builders but also because of multiple taxation polices,&quot; said Mr Sekhar Reddy, managing director of CSR Estates Ltd. &quot;Flat buyers end up paying more taxes when compared to individual house owners.&quot; Owners of individual houses pay tax only on the purchase of land whereas apartments are taxed three times higher in terms of building permission, urban development charges, and power and water connection. Additionally they have to pay 12.36 per cent service tax, 4 per cent VAT, mineral cess and labour cess............For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Builders await a happier New Year]]></title>
<link>http://www.newdesignworld.com/press/story/6120</link>
<comments>http://www.newdesignworld.com/press/story/6120</comments>
<pubDate>Fri, 05 Dec 2008 04:25:50 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/6120</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) --  Builders of the city expect the New Year to inject fresh verve in the realty sector, which has been going through hard times in the last six months. The AP Builders Forum and Greater Hyderabad Builders Federation are hopeful that the Manmohan Singh government will take steps to bail out the realty sector, which provides employment to thousands of people across the country. Among the people-friendly measures being contemplated by the Centre in the run-up to the polls are a reduction of petroleum prices and a further cut in home loan interest rates.  This, in turn, will be a big boon for the realty sector. The realty majors are also expecting the government to reschedule loans, which were taken for the completion of the ongoing projects.&quot;The New Year will be positive for the realty sector since the government will adopt people-friendly policies in election years,&quot; said C. Sekhar Reddy, president of the AP Builders Forum. &quot;The package, which is expected from the government is set to be a boon for the realty sector, which is now facing several challenges,&quot; he adds. Despite facing difficult times, city based realtors have not stopped the on-going constructions hoping that the buyers would come forward to purchase properties after a while. Most of them are now focusing on construction rather than marketing since the cost of steel and other building materials have come down significantly.&quot;People with vested interests tried in vain to disturb the market by saying property prices will fall down further but such massive corrections are not possible since the rates of properties are fixed on the basis of land value and construction cost,&quot; said M. Prem Kumar, organising secretary of the Greater Hyderabad Builders Federation. He cautioned that people who deferred investment plans might have to spend more to purchase flats in the future. &quot;We request potential buyers not to fall for such campaigns,&quot; he added. The builders are now concentrating on affordable housing to cater to middle-income groups. Earlier, the realtors used to construct big flats ranging from 1,500 to 2,000 sq ft as IT professionals preferred spacious homes. With the slowdown in IT and aviation sectors, they have now started constructing smaller flats...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Relief for Battered Realtors may come soon]]></title>
<link>http://www.newdesignworld.com/press/story/6054</link>
<comments>http://www.newdesignworld.com/press/story/6054</comments>
<pubDate>Wed, 03 Dec 2008 07:30:10 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/6054</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- The urban development ministry has drafted a bailout package for the real estate industry, which would be shortly sent to the finance ministry for consideration. The ministry has called for relaxation in norms for foreign loans so that realty companies can tide over the liquidity crunch, urban development secretary M Ramachandran said on Monday. The note has also urged the finance ministry to consider other sops like rescheduling of total debt of the real estate industry and reduction in home loan rates for affordable houses. &quot;We have included some of the demands from the National Real Estate Development Council (Naredco) in the note.Once the finance ministry clears the package, it will go for Cabinet approval,&quot; Ramachandran said. Naredco has asked for a reduction in the interest rate on home loans by at least 3-4 %. The rate of interest on home loans has drastically gone up from around 7.75% in 2004 to around 12.75% now. Almost 90% of home buyers opt for loans to buy homes. But with the hardening of interest rates, and liquidity crunch in the market, demand for houses has been hit. The council has also asked for rescheduling of bank debt to real estate developers with a moratorium of one-two years. The total debt of the real estate is to the tune of Rs 25,000 crore, a Naredco statement said.The industry body has also asked for an easing of norms for foreign loans and declaration of ongoing projects as NPAs. Meanwhile, to bring about correction in the property prices, the Naredco has asked its members to cut prices by reducing costs, cutting profit margins, reducing advertising and brokerage costs. Its members include DLF, Ansal API, Unitech, Parasvnath Developers, Sobha developers and several other realty companies. There are several factors working against the Indian real estate sector. Banks are getting jittery over loan disbursals to real estate developers. Even if the developers manage to get loans from banks, they are hardpressed to keep more collateral with the banks. To further aggravate the situation, the property market has also been witnessing a drop in PE fund flow...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[The Indian Real Estate Developer Giant Targets NRI Buyers]]></title>
<link>http://www.newdesignworld.com/press/story/5985</link>
<comments>http://www.newdesignworld.com/press/story/5985</comments>
<pubDate>Mon, 01 Dec 2008 02:18:38 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5985</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- The recent depreciation of the rupees against the dollar has been diverted Indian real estate. This may also be the ideal time to invest in property in India because the recent slowdown may become 20 percent benefit for the NRIs.With the rupee depreciation with the dollar, Omaxe and other property developers in India plan to target the NRI buyers. NRIs can get a good deal now because of the recent depreciation of the rupees against the dollar. This would benefit NRI purchase around 20 percent. Property investment in India at this time could be a good deal. Prices have declined by 15 to 20 percent in last few weeks.The Omaxe Real Estate Developer, one of the leading companies in this field is offering NRI property investment like multiplex, shopping complex to 2BHK apartments in Bangalore, Pune, Calcutta, Chennai, Hyderabad and already sky high Mumbai and Delhi. It is one of the top real estate developers which has a lot of experience and is committed to achieving excellence. They also have a separate interface for Non resident Indians (NRIs). Other features the company offers are: email-based subscription for newly launched projects. This keeps the readers up-to-date with the latest news regarding the real estate infrastructure and current sales in their specified city based on their budget-based selection and choice of accommodation/housing.Omaxe India Ltd claims to be the first ISO 9001 certified company in northern India, which develops real estate in Northern, Central and Southern India. As their line says, a4Turning dreams to reality', the company does the same with their state of art designs which are similar to the international standards. The company hosts experts in the field who give their best to all their projects. Over a period of time Omaxe have executed a number of high profile projects for multinational clients. NRIs have played a very important role in transforming the Indian real estate market. Opening-up of the Indian economy provided them with new opportunities and they have shown a great deal of confidence in the changed set up.This is the time when people recognize the importance of selecting the right place to invest. According to Mr. Girish Garg, Head of Marketing, &quot;our site has always been at the forefront for the way our projects have been dealt with. Each one of them has a unique feature about it, which best describes its utility. We use the best materials in construction, which ensures safety and longevity to the buildings. And a lot of research and planning goes into each of our projects, so as to guarantee client satisfaction..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Shamshabad to become a new Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/5943</link>
<comments>http://www.newdesignworld.com/press/story/5943</comments>
<pubDate>Fri, 28 Nov 2008 05:54:08 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5943</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Real estate firms predict that Shamshabad will soon become a new city as areas surrounding the Rajiv Gandhi International Airport are witnessing speedy development. Housing projects and commercial enterprises are mushrooming in these areas ever since the new airport was launched. With the opening of the Outer Ring Road, Shamshabad has got better connectivity to other areas in the city. Realty majors such as Indu Projects, Mak Projects, Aliens Group, Suchir India and Karvy Realty have already taken up their projects in and around Shamshabad airport particularly on Srisailam Highway and Bengaluru Highway corridors. Indu Projects is developing a Special Economic Zone named Point Indu in 150 acres after analysing the growth prospects in Srisailam Highway corridor.It has also acquired another 100 acres of land for residential projects. &quot;Shamshabad will witness a sea change in a couple of years,&quot; said Mahender Basani, chief marketing officer of Indu Projects. &quot;It will see major infrastructure development like the Gachibowli area.&quot; The Aliens Group is all set to construct Aliens Space Station-2 in Srisailam Highway in 108 acres of land. It is planning to develop a SEZ and residential zone with 5,000 flats. &quot;Buyers who invest now will get benefits since properties are available at an affordable rate in Shamshabad area,&quot; said Hari Challa, managing director of Aliens Group. Similarly, Mak Projects, which has been constructing 350 villas in its Banyan Tree Retreat project, is planning development of the luxury villas.&quot;ORR connectivity gives Shamshabad a great advantage,&quot; said A. Murali Krishna Reddy, chairman of Mak Projects. &quot;That is why we decided to construct 100 more villas to meet the growing demand from prospective buyers.&quot; The Timberleaf with 125 villas is another project which is coming up near Shamshabad. It is being constructed by Suchir India. &quot;Property value will rise soon in Shamshabad area because of the rapid growth around Rajiv Gandhi airport,&quot; said Lion Dr Y. Kiron, CEO of Suchir India. Karvy Realty also has its eye on the area and the regional head of its realty division, S. Satishbabu, said he foresaw major development around Shamshabad. &quot;Growth of new cities around airports is a common phenomenon all over the world,&quot; he said...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Cement industry set to take a big hit]]></title>
<link>http://www.newdesignworld.com/press/story/5827</link>
<comments>http://www.newdesignworld.com/press/story/5827</comments>
<pubDate>Tue, 25 Nov 2008 07:03:59 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5827</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- India's cement industry, which rode on a building boom to become the world's second largest cement manufacturer after China with an installed capacity of more than 200 million tonnes (mt), is all set to take big hits. A sharp slowdown in real estate as well as capital-starved infrastructure sectors coupled with a broad economic downturn will see the industry face considerable pressure on profitability just as new capacity starts kicking in, say industry watchers. India's cement industry has 132 large plants and 365 small plants with a cumulative installed capacity of 204mt at the end of August.The main Indian manufacturers in terms of capacity are ACC Ltd, UltraTech Cement Ltd, Ambuja Cements Ltd, Grasim Industries Ltd, Binani Cement Ltd, India Cements Ltd and JK Cement Ltd. In addition, several international cement manufacturers such as France's Lafarge, Switzerland's Holcim Ltd, Italy's Italcementi and Germany's Heidelberg Cement AG now hold at least a quarter of the total Indian cement manufacturing capacity. The industry's capacity utilization for second quarter ended September has declined to 82%, a four-year low, largely because 31mt of capacity was added in the past year, according to Jinesh Gandhi, an analyst with Motilal Oswal Securities Ltd.If the industry sticks to its announced expansion, he sees some 120mt of capacity coming online over two-three years in addition to several companies modernizing their plans. Gandhi predicts capacity utilization for the year ending March will be at around 87% down from an optimum level of around 95% in the year-ago quarter ended March. He also estimates capacity utilization to fall sharply to 74% in 2009-10. &quot;We believe that cement prices would come under pressure from second quarter of next fiscal, as the full impact of new capacity additions are felt,&quot; said Gandhi. Companies are starting to flag this issue. UltraTech Cement, while announcing September quarter results on 18 October, said, &quot;The likely commissioning of around 90mt capacity in a phased manner over the next three years could lead to a surplus scenario by 2009 resulting in pressure on earnings, sales realization and margins. All these pose a challenge to the cement industry.&quot;Emkay Global Financial Services Ltd,another Mumbai-based equity research firm, which covers nine Indian cement companies that together control 65% of the industry's installed capacity, maintains a &quot;negative&quot; view on the sector after reviewing their performance through September. The companies under Emkay's coverage include ACC, Ambuja Cements, Grasim Industries, UltraTech, India Cements, Madras Cements Ltd, Shree Cement Ltd, JK Cement and Orient Paper and Industries Ltd...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Hyderabad Realty in 'freeze' mode]]></title>
<link>http://www.newdesignworld.com/press/story/5582</link>
<comments>http://www.newdesignworld.com/press/story/5582</comments>
<pubDate>Tue, 18 Nov 2008 02:07:10 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5582</guid>
<description><![CDATA[Despite a recent drop in the prices of steel and cement, the construction sector in Hyderabad is facing a major business crunch thanks to the meltdown again. Work on all malls and  residential complexes that were supposed to come up in the city within the next few months has either been slowed down or temporarily stalled. Developers admit that the number of bookings for residential apartments they would get in a month are now stretched over six months. And the malls that are now ready are sporting vacant floors and a4To Let' boards. But it is the under construction buildings of the city that now stand still in time. According to industry insiders these projects will now see a minimum one year delay in their completion. &quot;The two main components of any construction firm is its machinery and manpower.Most firms these days buy very expensive machines which if not put to use regularly incur huge amounts of loss. So just to keep these working, the firms are not putting off any project completely. But yes there has been a tremendous slowdown in their work flow,&quot; says architect Srinivas Murthy. Predictably, the axe has fallen on a large numbers of skilled workers to help developers cut costs. While medium and small sized construction companies have adopted the slowing down process due to the lack of liquidity in the market, the fairly bigger names have opted to accept deferred pay cheques. This arrangement has helped construction firms to retain their employees and also to keep their equipment running consistently so as to avoid major losses. Though developers like Prajay who plan to kickstart three fresh residential projects early next month are confident of finding buyers for all of them, they do not deny that the process this time round is not going to be as smooth as it used to be earlier.&quot;We provide very economical deals and, therefore, do not see any dearth of bookings for our forthcoming projects. But like in previous times when our bookings would be full within a month of announcing the project, this time I think it will take at least six months before that can happen,&quot; says Ravinder Reddy, director (Operations) of Prajay. However, Biswajit Patnaik from the retail division of JLL Meghraj is not sure if buyers at this stage would put in their money on a project that has not taken off yet. &quot;Nobody has surplus cash to invest in something that is in its initial stage. They would rather buy a finished product. So even if there is no steady flow of buyers, there are at least some takers for completed projects. But none for the ones that are still in the drawing board stage,&quot; says Patnaik. This is perhaps also explained in the fact that banks are no longer extending home loans for buildings that are in their initial stages of construction..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Kokapet is the new realty hub of Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/5490</link>
<comments>http://www.newdesignworld.com/press/story/5490</comments>
<pubDate>Fri, 14 Nov 2008 05:40:52 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5490</guid>
<description><![CDATA[Kokapet is now being touted as the city's most attractive real estate location. It is situated in the epicentre of prestigious IT corridor and is also strategically located between Gachibowli and the Greater Hyderabad zone. The realty sector in the city is still vibrant despite the shake-up of economy and many national players are zeroing in on Kokapet. Also, real estate has become the best investment option with the stock market acting erratically and the global economy going for a spin. Dozens of residential and commercial projects are under various stages of construction in Kokapet.It is virtually raining SEZs in the area and big names such as Google, PCS, Cognizant, Tech Mahindra, Cbay, Qualcomm, Sonata, DQ and others have already pitched camp. In the vicinity is Gachibowli and Madhapur where over 200 major corporates are together employing more than 5,00,000 persons. All these factors have spurred construction in Kokapet, which can provide living space to many of these people. The Outer Ring Road is 1.5 km from Kokapet and the metro is around 10 km away. The Shamshabad International Airport is also close enough at 17 km and the Secunderabad Railway station is only 30 km away.There are many good schools and colleges in the region and the Hyderabad University is 8 km away. For entertainment, one can go to Treasure Island (3 km), Ocean Park (2 km ) and the Golconda Resort. Malls and hospitals are also close by. &quot;Kokapet has already been giving rich dividends to investors who came in early,&quot; said Mr Somayajulu, a property analyst. &quot;Investments of Rs 1 lakh have yielded 1,000 per cent returns in a year. But the boom is just about to start.&quot; Land, which was valued at Rs 10,000 per square yard in Kokapet two years ago is now selling at Rs 22,000.Prominent residential projects coming up near Kokapet include Lanco Hills, Aparna Sarovar, Aparna Cyber Commune, Ramky Towers, NCC Urban, Meenakshi Trident Towers, Jain Carlton Creek, Manjeera Diamond Towers, SMR Symphony and Emmaar Boulders Hills. Mantri Developers and Ramky are developing commercial projects, and Ashoka Builders and Meenakshi Infrastructure are developing IT Parks. IT SEZs are being planned by Matyas Properties as also Lanco and Emmaar while Dynamic Constructions, Salarpuria Properties and Jayabheri Properties are developing IT Parks. &quot;Kokapet has emerged as one of the focal points of the area,&quot; said Mr Srinivas, facility manager of Qualcomm India Pvt. Ltd, a leading CDMA technology company. &quot;The demand for residential property will grow further since the staff strength of companies is expected to increase further within five years.&quot;.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Realty blues hit foreign hotel majors' India plans]]></title>
<link>http://www.newdesignworld.com/press/story/5413</link>
<comments>http://www.newdesignworld.com/press/story/5413</comments>
<pubDate>Wed, 12 Nov 2008 02:10:11 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5413</guid>
<description><![CDATA[International hotel chains like Hilton, Accor, Carlson and Starwood are concerned about the viability of their India plans. Many of these hotel chains have tied up with real estate developers like DLF, Emaar MGF, Unitech and Parsvanath to set up five-star hotels. However, fund-starved developers, who are trying to raise money for their core activities like residential and commercial property projects, are understood to have put the hotel ventures on the back burner. A drop in occupancy and room rates, inflow of business travellers and tourists to India have also raised concerns on the viability of these projects, industry sources say.&quot;Out of a total of 1.14 lakh proposed room supply, only 58% or about 66,000 rooms, will actually be developed over the next few years. So, we feel many announced projects may not take off as planned,&quot; said Manav Thadani, MD, HVS International, a hospitality consulting firm. &quot;Now, debt raising is a difficult process,&quot; says Homi Aibara of Aibara Consultants. Lemon Tree Hotels CMD Petu Keswani said: &quot;Only developer-led hotel projects will face a problem as their priorities are different.&quot; However, when contacted by ET, real estate developers insisted that projects were on track.According to the latest HVS report, cities like Bangalore, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune, where massive new room capacities are planned with real estate operators, are seeing trouble. In Bangalore not more than 60% of the new capacity is likely to come up. The same goes with Chennai, Delhi, Hyderabad, Mumbai and Pune. However, cities like Agra, Hyderabad, Jaipur and Mumbai saw a negative growth in room supply in 2007-08 as compared to 2006-07.The last few months have seen a demand-supply mismatch in tier II cities like Bangalore, Pune, Hyderabad and Chennai. Room rates too have fallen steeply in these markets, making it unviable for real estate developers to go ahead with the planned hotel projects. This is happening at a time when there is a severe shortage of branded hotel rooms.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[India gets realty check from Gulf Investors]]></title>
<link>http://www.newdesignworld.com/press/story/5201</link>
<comments>http://www.newdesignworld.com/press/story/5201</comments>
<pubDate>Tue, 04 Nov 2008 06:20:24 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5201</guid>
<description><![CDATA[Despite the current economic downturn, India's real estate is said to be worth about $16 billion and is estimated to post annual growth rate of 30 per cent to reach $60 billion by 2010 according to research outfit a4ityscape Intelligence'. As a consequence a large contingent of regional real estate investors and developers are poised to descend on Cityscape India to further their long term ambitions in the sub-continent.Graham Wood, Exhibition Director for Cityscape India said, &quot;The internal demand for commercial and residential real estate in India is undeniable. The investment climate may be difficult but developers will benefit from lower land prices, lower material and labour costs. Providing that the finance is in place, many developments may be approaching completion after the downturn has bottomed-out.&quot; Dubai-based Limitless is confident about the long term prospects of India's real estate sector.&quot;India is currently facing a shortage of some 21 million homes, and more than 300 million people are expected to migrate to urban areas over the next 20 years. At Cityscape India, we will showcase 11 global projects including Bidadi  our proposed 4,000 hectare mixed-use development near Bangalore which will house around 750,000 people,&quot; said Saeed Ahmed Saeed, CEO of Limitless.In addition Mohamed Binbrek, Group Chief Executive Officer of Dubai Properties recently confirmed that the company hopes to expand its development projects into India. He went to say that whether the scheme would be residential, commercial or mixed-use, the project would be funded by the firm itself. Dubai-based real estate developer Majid Al Futtaim (MAL) has announced it is investigating India a4a market to be in' as a possible region for investment and development.Younis Al Mulla, MAL business development officer, said that the firm was looking to enter a joint venture with a local firm to help it build a mixture of residential and commercial real estate in the country.The investment arm of Ras al-Khaimah also plans a $5 billion business centre at Hyderabad. Ras Al Khaimah Investment Authority (RAKIA), which manages funds of the emirate, part of the United Arab Emirates, said recently it had signed an initial agreement with Andra Pradesh Industrial Infrastructure Corp to set up Hyderabad Economic City, which will offer financial and healthcare services. Indeed demand for affordable housing is an issue that Kumari Selja Minister of State (Independent Charge) for Ministry of Housing and Urban Poverty Alleviation will address during the opening of the Cityscape India Conference.&quot;With 70% of India's 1.2 billion people categorized as lower class, the demand for affordable housing ..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Hyderabad's Richie rich beat the meltdown]]></title>
<link>http://www.newdesignworld.com/press/story/5167</link>
<comments>http://www.newdesignworld.com/press/story/5167</comments>
<pubDate>Mon, 03 Nov 2008 02:31:34 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5167</guid>
<description><![CDATA[Despite an economic slowdown, the super rich in Hyderabad are buying homes as expensive as Rs 15 crore.In the city of the Nizams, a privileged few live life kingsize. So despite an economic slowdown, job layoffs and a crisis of confidence, ultra luxury homes that cost between Rs 12 and 15 crore each, are finding ready takers.Among the buyers are not just industrialists and IT czars but many traditionally rich people as well like a tobacco farmer from coastal Andhra and another person who runs a chain of educational institutions.&quot;Everyone gets taken care of in the boom period. So during the boom period, these people actually feel left out. They realise that the period of slowdown of economic activity is when they are kings. So they get all the attention. And they are really liking it,&quot; said Amit Bagaria, a real estate consultant.The first of such super luxury projects coming up in Hyderabad is an exclusive gated community of 31 homes, each with a built-up area of 11,800 square feet.Its USP -- it will have no roads and it is the first of its kind car-free locality.&quot;The cars have been put below the podium level and on the podium level is a series of homes that do not have fences. So it is a beautiful community space,&quot; said Andrew Maynard, an architect.Experts say even though the real estate sector is hit badly by the economic slowdown, the ultra premium segment is bucking the trend...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Builders are now focusing in the middle-income group-housing sector]]></title>
<link>http://www.newdesignworld.com/press/story/5158</link>
<comments>http://www.newdesignworld.com/press/story/5158</comments>
<pubDate>Sat, 01 Nov 2008 06:22:37 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5158</guid>
<description><![CDATA[With the slowdown in real estate sector over the last one year, the real estate prices have shown some signs of correction. As there is oversupply in the premium segment of housing sector, builders are now focusing in the middle-income group-housing sector. But, the biggest hurdle in this enterprise is the land prices, which have gone through the roof in the last couple of years. According to a report prepared by real estate consultancy firm DTZ, affordable housing for the middleincome group in the country range between Rs 2,500 per sq ft and Rs 3,000 per sq ft. But as the prevailing land cost of floor surface area of apartments in suburbs are over Rs 2,000 per sq ft, Real estate developers are finding it difficult to build affordable houses for the middle class group.In fact, the cost of land in Delhi is around Rs 6,000 per sq ft. According to an industry source, the cost of construction for an average quality house is in the range between Rs 1,100 per sq ft and Rs 1,500 per sq ft. Besides that, marketing cost is in the range of Rs 150 to Rs 300 per sq ft. Therefore, the minimum cost of an apartment in suburbs of NCR is Rs 3,200 to Rs 3,500 per sq ft. Thus, the report points out that the high land prices in cities are main hurdle to develop affordable house in cities. This has led to a sharp drop in the transactions of land in cities like NCR,Mumbai,Bangalore and Hyderabad The report says that the steep fall in the number of transactions indicates that prices are likely to moderate in near future. Anshul Jain, CEO of DTZ India, says:&quot;Land prices usually lag the real estate cycle.The trend is visible in that while built up property prices have softened over the last few months, land prices have held. However, we anticipate a general softening of land prices in the range of 15% over the next six months.&quot; A survey conducted by DTZ among the realty brokers revealed that more and more land owners, who were earlier unwilling to negotiate on price points are now willing to talk to prospective buyers.The report says that in the next 6-12 months the expectations of both sides would start to converge, thereby resulting in pick up of transactions across major cities. It says these transactions are likely to be executed at price points lower than those observed in 2007. The report says that because of the slowdown in the residential sector in the last one year, Real estate developers have shifted their focus to affordable houses.The economics of these projects, driven by the end-use pricing of their apartment units, dictates the pricing of other inputs including land. It says keeping a fixed finalprice band in mind, the developer/investor works backwards taking into account the construction, marketing and overhead costs and acceptable profit margins. The cost of land is worked then worked backward, which defines the acceptable land price for the buyer. Anything significantly higher than that is not finding many takers in the present market.Even in the commercial land market, the developers are not ready to invest in the costly land. The report said that with the dampening of the expansion plans of many companies, the demand for land for office segment has fallen. A large number of developers who had land designed for IT/ITES use are willing to sell their holdings, while those who had started development on their land parcels are protracting the construction period. This situation is expected to persist, unless the global environment improves in the near future..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Nagarjuna Constructions puts real estate projects on hold]]></title>
<link>http://www.newdesignworld.com/press/story/5121</link>
<comments>http://www.newdesignworld.com/press/story/5121</comments>
<pubDate>Thu, 30 Oct 2008 05:38:27 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5121</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Nagarjuna Construction Co Ltd has clamped down on future real estate projects due to current slowdown in the sector and has tempered its capital expenditure plan for 2008/09, a top official said.The company is also planning to spin off its real estate operations by March 2009 to its subsidiary NCC Urban Infrastructure Ltd, Subba Raju, vice president-finance, told analysts after the company's results late on Monday.&quot;We are not planning any investment in real estate projects. All our real estate projects are fully capitalized,&quot; Raju said. &quot;We have put all other projects on hold. We are not launching them because of adverse market conditions.&quot;NCC Urban, which builds residential and commercial projects, special economic zones and integrated townships, is working on a national games housing project in Jharkhand, one project in Hyderabad and 3-4 small projects in Bangalore, he said.&quot;After 6-9 months we may look at dilution of equity in some of our real estate projects,&quot; he added.Indian real estate firms have put projects on hold as decade-high interest rates and the global financial crisis led to a liquidity crunch and the central bank tightened rules on lending to the sector, deterring financial institutions.Earlier this month, rivals Hindustan Construction Co and IRB Infrastructure also said they slow down their real estate forays, given the weak market situation.Nagarjuna posted a 26 percent rise in net profit to 423 million rupees as revenue rose 57 percent to 10.46 billion rupees for the September-quarter as several projects came on stream and it secured some major building projects, Raju said.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Radha Realty sets new benchmark in ultra luxury living with U31]]></title>
<link>http://www.newdesignworld.com/press/story/5100</link>
<comments>http://www.newdesignworld.com/press/story/5100</comments>
<pubDate>Wed, 29 Oct 2008 06:27:08 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5100</guid>
<description><![CDATA[With the objective to set a new benchmark in ultra luxury living, Radha Realty, one of the leading real estate developers, today unveiled U31, a never-seen-before single family homes gated community project in Hyderabad. U31 is a fusion of the best of traditional and modern living, a new way of living. Commenting on the project, Mr N Ravindranath Reddy, Managing Director, Radha Realty Corp, said, &quot;it was our vision to create something extraordinary to meet the aspirational needs of the discerning customer that U31 was conceived for. Every component of the project be it the concept, the people, the design, the materials, are meticulously planned and will be executed similarly, in order to ensure that U31 is an ultimate statement of exclusivity that is difficult to replicate.&quot;The 31 limited edition ultra luxury townhouses will be built on a massive 9 acre &quot;green&quot; podium. 19 courtyard houses and 12 pavilion houses will be surrounded by greenery and water streams. Each of these four-storied homes will have a property area of 1250 square yards, built up area of 11,800 square feet, 5 bedrooms, private swimming pool, exotic interiors, a designer home entertainment room, private elevator, 5 car parking spaces (each large enough to park a luxury SUV or minivan), accommodation for up to 8 domestic helpers and a bulk storage garage. The entire garden ground level will be a car free zone - with all vehicular movement restricted to the below podium level thus ensuring a pedestrian friendly community. U31 has many special features for the most special residents the kids. The community also has an indulgence club and a signature day spa. &quot;Located in the heart of the new CBD Kondapur the project offers multiple benefits of convenience, luxury, comfort, health and security, negating the ills of modern living, apart from the biggest USP of - Ultra Exclusivity&quot; added Reddy.Dream Designers U31 is designed by Andrew Maynard world acclaimed architect from Australia  who has designed unique projects in Japan, Australia and UK, apart from Australia. Interestingly, Maynard has used 31 different patterns from Charminar in designing distinct exteriors for the 31 homes. Dilip Chabbria, India's only world renowned luxury product designer, known for custom-designing vehicles for the rich and famous worldwide, has for the first time ever, custom-designed a complete Home Entertainment Room, which is part of each townhouse. The DC-designed hi-tech Home Entertainment Room integrates a home cinema with a video games arcade. Blend of Traditional and Contemporary.The project is a perfect symbol of synergizing the best from traditional homes with the best of today's contemporary lifestyle, bringing in uniqueness and incremental benefits to the look, feel and utility value of the homes. &quot;The houses are based on 7th century vaastu homes with a central courtyard. The master plan of the entire community is based on factors such as climatology, topography, views, and locale. All facilities, amenities and the design are centered on the basic principles of family and community living. Bringing back the joys of growing up seen only in yesteryears, U31 has treasure hunt trails, secret hideouts, hopscotch courts in the midst of eco-friendly surroundings&quot; said, Mr Amit Bagaria, Chairman, Asipac Group. Additionally, the architecture is a perfect fusion of historical and contemporary design, keeping in mind the city's rich cultural heritage without compromising on the modern lifestyle of the residents, and the master plan has derived its inspiration from pedestrian friendly cities like Rome &amp; Edinburgh.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Tatas to set up first defence aerospace hub near Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/4824</link>
<comments>http://www.newdesignworld.com/press/story/4824</comments>
<pubDate>Fri, 17 Oct 2008 05:02:02 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4824</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- The Tatas are proposing to set up the country's first defence and civil aerospace hub at Aadibhatla, near Hyderabad. Speaking during the inauguration of the India Aviation-2008 at the Begumpet Airport on Wednesday, Chief Minister Y S Rajasekhara Reddy said the Tata Group's Tata Advance Systems would invest Rs 500 crore in the proposed special economic zone to set up the aerospace hub to manufacture radar and satellite systems. The AP Government would provide 50 acres of land to the Tatas at the SEZ near the hardware park to set up the aerospace hub.The Tata's aerospace hub is over and above the Lepakshi Aerospace Station and Academy that may also come at Chilamatur in Anantapur district. Besides, the Lepakshi Aerospace Station and Academy will also come up at Chilamattur in Anantapur district for design, manufacture and maintenance of military and civil space vehicles. Besides several small business jets by Dassault, Bombardier and other companies, an Airbus 319 acquired by Air India landed at the airport during the country's first-ever international aviation exhibition and air show. The Airbus 319 would be inducted into the Air India fleet. Airbus, Boeing, Hindavia, Jeppesen, Bell Helicopter are also participating in the show. The much-awaited Airbus A 380 would land at 12 noon on Thursday.Inaugurating the exhibition, Civil Aviation Minister Praful Patel said the aviation industry in the country was in the midst of a crisis but the Government was doing all it could to help them out. &quot;It is a tough time for the entire industry worldwide,&quot; he said. &quot;We have set the ball rolling for the development of the Indian aviation sector. We are also committed to making aviation safer and cleaner with the co-operation of other countries like the US,&quot; he said. &quot;Indian aviation is here to stay.&quot; Patel said to develop the sector in the country, about 400 old and unused airports would be made operational in a phased manner. for latest updates visit http://www.maaproperties.com<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[AP gets Re 1 trillion domestic investment]]></title>
<link>http://www.newdesignworld.com/press/story/4823</link>
<comments>http://www.newdesignworld.com/press/story/4823</comments>
<pubDate>Fri, 17 Oct 2008 04:59:26 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4823</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Andhra Pradesh and West Bengal have emerged as the country's top two investment destinations for domestic private sector firms. The southern state is the only one to have attracted capital expansion (capex) plan commitments in excess of Rs 1 trillion in the first half of 2008.Andhra Pradesh which attracted Rs 1,08,559 crore investment is followed by West Bengal with over Rs 93,000 crore during the same period, according to a survey by industry chamber Assocham. The figures are for the period before the Tatas pulled out their ambitious Rs 1,500-crore Nano car project from the state. In its study titled 'Regional Investment Ann-ouncements', Assocham said the eastern region came on the top for attracting private sector investment announcements, followed by southern and western regions.  &quot;One-time vibrant northern India for investors has slipped to a poor position number four in terms of luring investments by the private players,&quot; it said. The central region, comprising Madhya Pradesh and Chhattisgarh, was ranked last with the minimum share of 8.87 per cent in the total investment announcements.  The western region ranked third and Rajasthan (Rs 80,776 crore) outpaced Maharashtra (Rs 65,632 crore). Northern states attracted investments to the tune of Rs 123,905 crore. Haryana and the NCR grabbed Rs 50,595 crore and Rs 38,237 crore.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[R-Infra plans Rs 2,500-cr debt mop-up]]></title>
<link>http://www.newdesignworld.com/press/story/4761</link>
<comments>http://www.newdesignworld.com/press/story/4761</comments>
<pubDate>Wed, 15 Oct 2008 03:20:35 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4761</guid>
<description><![CDATA[Anil Ambani-controlled Reliance Infrastructure (R-Infra) plans to raise Rs 2,500 crore as loan in this financial year for a real estate project in Hyderabad, a railway line linking Delhi airport and the city and for road projects across the country.The company is in talks with a slew of banks, including IDBI Bank, IIFCL and Axis Bank, for raising the fund at a time when credit crunch has put pressure on interest rates.&quot;The company has a healthy balance sheet with a cash reserve of Rs 10,000 crore, which could help raise 80 per cent of the debt for projects at the special purpose vehicle (SPV) level. Considering the situation, the interest would be slightly higher for the loan, but for us, it is not the concern. Our focus is to execute projects before the time,&quot; Lalit Jalan, the chief executive officer and director of R-Infra, told Business Standard.The company plans to achieve financial closure for its Delhi airport rail-link project and the Hyderabad trade tower project before December this year, while the Parbati-Koldam transmission project will take three months for tying up funds.The company, formerly known as Reliance Energy, requires Rs 30,000 crore in the next five years for execution of its ongoing projects.R-Infra's nine projects, including roads, a metro rail and real estate projects, will require Rs 16,000 crore, while power transmission and engineering, procurement and construction (EPC) projects will need Rs 9,000 crore. Power distribution projects will require about Rs 5,000 crore, said Jalan.R-Infra has Rs 5,400 crore in debt at present, including external commercial borrowings (ECBs) of Rs 3,500 crore.The company has invested Rs 5,000 crore of its.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Realty market set to bounce back]]></title>
<link>http://www.newdesignworld.com/press/story/4679</link>
<comments>http://www.newdesignworld.com/press/story/4679</comments>
<pubDate>Sat, 11 Oct 2008 05:15:24 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4679</guid>
<description><![CDATA[The liberalised economy and a robust demand for real estate across sectors are key factors that will make the market more reliable for investments in future, says Prabhakar Sinha.The slowdown in the real estate sector will not last long. Cushman &amp; Wakefield's Real Estate Investment report for 2008,The Metamorphosis, points out that in the long-term perspective, strong demand for real estate will remain intact in India.The report says that the pan-India demand for real estate across office, retail, residential and hospitality sectors, is expected to cross 1,000 million sqft by 2012. A major portion of the demand, at around 876 million sqft, however, will come from the seven major cities (as shown in the chart). A dynamic workforce, liberalised economy, and a robust demand for real estate across sectors, are some key factors that will make the market in the coming times more reliable for investments, especially in the real estate sector, the report says. For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/8-3-318/11/3, Plot No. 3JP Nagar, Yellareddy GudaHyderabadAndhra PradeshIndiaseo@maaproperties.comhttp://www.maaproperties.com04066620005maaproperty@gmail.com<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Different lines of thoughts over metro funding model]]></title>
<link>http://www.newdesignworld.com/press/story/4598</link>
<comments>http://www.newdesignworld.com/press/story/4598</comments>
<pubDate>Wed, 08 Oct 2008 04:23:50 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>Marketing</category>
<guid>http://www.newdesignworld.com/press/story/4598</guid>
<description><![CDATA[With an investment to the tune of $13.5 billion required for the future metro projects in the country, the issue of funding model for projects needs a closer look, especially in the context of non-allocation of funds for such projects by the government and the recent criticism of private-public partnership (PPP) model used in the Hyderabad metro by DMRC chief E Sreedharan. &quot;The 11th Five Year Plan does not have any allocation for the metro projects. Projects need to be taken up on PPP model to fund infrastructure growth in the country,&quot; said Gajendra Haldia, principal advisor (Infrastructure), Planning Commission.In this context, the three projects currently underway in the country display distinct models on which the upcoming metro projects could be funded in Ahmedabad, Chandigarh and Pune. The Delhi Metro, which has shown extraordinary feats in project management and efficiency, has been funded solely by the government in cooperation with Japan Bank for International Corporation. The Rs 12,000 crore Hyderabad metro has just been awarded to a consortium led by Maytas Infrastructure on PPP basis. Similar is the case with Mumbai Metro, the first phase of which is being developed by Mumbai Metro One, a joint venture company between Reliance Infrastructure, Mumbai Metropolitan Region Development Authority (MMRDA) and France-based Veolia Transport at an investment of Rs 2,300 crore........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Reliance Infra plans to raise funds in phases]]></title>
<link>http://www.newdesignworld.com/press/story/4544</link>
<comments>http://www.newdesignworld.com/press/story/4544</comments>
<pubDate>Mon, 06 Oct 2008 05:34:25 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4544</guid>
<description><![CDATA[In a tight credit market where real estate developers are scurrying for funds to launch their projects on time, Reliance Infrastructure Ltd plans to raise funds in multiple rounds for its 100-storeyed trade tower and business district project on the outskirts of Hyderabad. A new player in real estate, Reliance Infrastructure, part of the Reliance-Anil Dhirubhai Ambani Group, needs about Rs4,000 crore in the first phase to pull off a large part of the project, which will be executed at a cumulative cost of Rs8,000 crore in the next three-five years.&quot;We will have to raise the money in two-three phases from banks, though we intend to develop the project in one go,&quot; said a senior official of Reliance Infrastructure in charge of the Hyderabad project, who is not authorized to speak to the press. Last November, Reliance Infra, which is a two-thirds partner in the project that is to be implemented through a special purpose vehicle (SPV), won the bid. The other stakeholders in the venture are Bangalore-based Sobha Developers Ltd (technical partners) and Andhra Pradesh Industrial Development Corp.with 23% and 11% stake, respectively. The project is the business group's first venture into the real estate, with the second being a mixed-use project planned on about 220 acres, which it got by winning the contract to build a metro rail line between the New Delhi railway station and the international airport. Considering the current market downturn, the SPV has decided to lease, rather than sell, the tower, which will be the central attraction in the 77-acre project. &quot;Leasing out space is much more flexible when property prices are on a downward slope and you don't relinquish ownership rights. However, we will lease out the space in phases in the next few years,&quot; said the same official. With capital values per square foot touching Rs6,000, building residences in the tower has been ruled out. Hospitality and commercial office space will be built instead. Construction costs will also double from the 60th floor upwards. These will be resistant to high wind velocity. Superior quality of steel is required to construct such buildings.However, 10 months after winning the bid, construction is yet to start and the project is still at the planning stage finalizing the design and appointing project consultants. There is no hint at when construction will take off. An August office space report by Cushman and Wakefield Inc., a property advisory firm, said Hyderabad witnessed fresh office space supply of 755,000 sq. ft in the second quarter, about 12.5% of the expected 6 million sq. ft supply this year.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Different lines of thoughts over metro funding model]]></title>
<link>http://www.newdesignworld.com/press/story/4521</link>
<comments>http://www.newdesignworld.com/press/story/4521</comments>
<pubDate>Sat, 04 Oct 2008 07:20:55 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4521</guid>
<description><![CDATA[With an investment to the tune of $13.5 billion required for the future metro projects in the country, the issue of funding model for projects needs a closer look, especially in the context of non-allocation of funds for such projects by the government and the recent criticism of private-public partnership (PPP) model used in the Hyderabad metro by DMRC chief E Sreedharan. &quot;The 11th Five Year Plan does not have any allocation for the metro projects. Projects need to be taken up on PPP model to fund infrastructure growth in the country,&quot; said Gajendra Haldia, principal advisor (Infrastructure), Planning Commission.In this context, the three projects currently underway in the country display distinct models on which the upcoming metro projects could be funded in Ahmedabad, Chandigarh and Pune. The Delhi Metro, which has shown extraordinary feats in project management and efficiency, has been funded solely by the government in cooperation with Japan Bank for International Corporation. The Rs 12,000 crore Hyderabad metro has just been awarded to a consortium led by Maytas Infrastructure on PPP basis. Similar is the case with Mumbai Metro, the first phase of which is being developed by Mumbai Metro One, a joint venture company between Reliance Infrastructure, Mumbai Metropolitan Region Development Authority (MMRDA) and France-based Veolia Transport at an investment of Rs 2,300 crore.Explaining the model of the Hyderabad metro, N V S Reddy, managing director, Hyderabad Metro Rail Ltd, said, &quot;The project based on build operate and transfer basis will be developed by Maytas Infrastructure for a concession period of 30 years. We have got Rs 30,000 crore from the concessionaire in lieu of the 269 acres of land leased to the concessionaire to develop properties around 33 railway stations and three depos. The investment in real estate is beyond the project cost and will be funded solely by the developer.&quot; &quot;In case of the Hyderabad metro project, the concessionaire will have to pay all the taxes, interest and dividend unlike the Delhi Metro. The operational losses will also have to be met by the concessionaire. The Delhi Metro pays an interest of 1.5% on the total loan worth Rs 10,000 crore for a period of thirty years. Also, it is not liable to pay Customs as well as Excise duty,&quot; said Haldia. The Planning Commission also feels that the model of Hyderabad metro scores over the Delhi metro in various........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[QVC Realty to raise funds for expansion in south India]]></title>
<link>http://www.newdesignworld.com/press/story/4345</link>
<comments>http://www.newdesignworld.com/press/story/4345</comments>
<pubDate>Fri, 26 Sep 2008 03:23:08 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4345</guid>
<description><![CDATA[Real estate developer QVC Realty plans to raise Rs 600 crore in 2009 through a mix of equity and debt, primarily to buy large tracts of land in the south, especially closer to the new airports in Hyderabad and Bangalore.According to a senior official of the IL&amp;FS backed QVC, it plans to use a portion of the funds, Rs 200 crore, for the development of its Rs 2,000 crore township project in Gurgaon. Delhi-based Uppal Group is a partner in this project. &quot;We will need funds to acquire land in the southern metros. We propose to acquire about 100 acres each in Bangalore and Hyderabad, close to the new airports in these cities, because we believe that both cities will grow in the direction of the airports. We will require funds to develop current projects,&quot; said QVC's promoter Prakash Gurbaxani.According to Mr Gurbaxani, IL&amp;FS is likely to invest up to Rs 400 crore in the company giving it the option to raise debt or bring on board a strategic investor into the SPV implementing the Gurgaon township. IL&amp;FS has already invested $100 million into QVC in April, 2007. QVC Realty, has six projects under various stages of development: integrated township projects in Gurgaon and Pune, apart from stand alone developments in Pune, Bangalore and Chikmagalur in Karnataka totalling about 20 million sq ft. The company has also partnered with Bangalore's Sobha Developers and New Delhi's Chintels India for its second township project in Gurgaon. The company formally launched its Rs 150 crore Bangalore residential project - QVC Hills. It will construct 100 premium villas, priced upwards of Rs 5,500 per sq ft, on a 26-acre plot located in close proximity to the Devanahalli airport. Plans include developing an additional 50 acres in the coming years, investing additional Rs 250 crore, Mr Gurbaxani said. .......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Real estate firms shun leasing, prefer to sell]]></title>
<link>http://www.newdesignworld.com/press/story/4292</link>
<comments>http://www.newdesignworld.com/press/story/4292</comments>
<pubDate>Wed, 24 Sep 2008 07:30:07 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4292</guid>
<description><![CDATA[Reputed real estate developers in Mumbai and many parts of the country have started selling their commercial real estate which includes office, retail and hotels, rather than leasing them out.The developers are ready to sell properties at a rate which is seen attractive by the buyers today. The appetite is to purchase, build and sell off projects, with the prospect of gaining immediate returns, according to experts.Raheja Corporation, which has huge office spaces in multiple projects spread across Pune, Hyderabad and Navi Mumbai, have started selling their office spaces. Not only that, various other subsidiaries of the Raheja Group have actually started the process of selling their office spaces across the country, including Mumbai, according to a company source. Indiabulls Real Estate has recently started selling their office spaces based in Tulsi Pipe Road, Jupiter Mills and Elphinstone Mills. According to sources, &quot;Indiabulls Center, which was leasing out office spaces, has now started the process of selling the office space completely.&quot; Ashok Piramal group's realty company Peninsula Land Ltd (PLL), which is developing commercial buildings in Ashok Gardens - a premium residential project comprising 2-, 3-, 4- and 5-bhk (bedroom, hall, kitchen) apartments located at upper Parel in Mumbai - is selling off the commercial building instead of leasing the property. Peninsula Land, which had sold off 5 lakh sq ft of Dawn Mills, is now in the process of selling complete 19 lakh sq ft. Realty major, DLF too is in the process of selling a part of its big commercial establishments instead of leasing. Competitor, Hiranandani Constructions is understood to have not entered into a single land deal since the past few months. Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, has cited various reasons behind developers wanting to sell properties instead of leasing them. He said, &quot;There are owner occupiers wanting to take the benefit increasingly of the properties on lease and wanting to buy. The lease rates are still high while there has been softening of the sale price and the builders need some cash flow.&quot; When contacted, Sanjay Dutt, MD, Cushman &amp; Wakefield said, &quot;Today, real estate developers are willing to enter only those projects which can be purchased, built and sold off quickly and make money. Developers have started believing in futuristic games. Real estate market is here to continue very strongly in the long term. Real estate developers should also ensure to take steps........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Maytas Metro signs concession agreement with Govt of AP]]></title>
<link>http://www.newdesignworld.com/press/story/4195</link>
<comments>http://www.newdesignworld.com/press/story/4195</comments>
<pubDate>Sat, 20 Sep 2008 03:41:31 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4195</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Maytas Metro Limited, the Special Project Vehicle floated by Maytas Infra for Hyderabad Metro project, represented by Mr. B Teja Raju, Vice Chairman, Maytas Infra, today signed the Concession Agreement with Hyderabad Metro Rail Limited, Government of Andhra Pradesh represented by CVSK Sarma.The GoAP has awarded the Concession to the Consortium for undertaking the development of Hyderabad Metro Rail Project (MRTS) on Design, Build, Finance, Operate and Transfer (DBFOT) basis in the presence of Honourable Chief Minister of Andhra Pradesh, Dr Y S Rajasekhara Reddy. Maytas Infra Limited would be executing this project in a Consortium comprising Navabharat Ventures Limited, Ital Thai Development Public Company Limited and Infrastructure Leasing and Financial Services Limited (a4NMII Consortium').The project cost as per Government of AP (GoAP) estimate is around Rs. 12,000 crores and will comprise 3 lines totaling 71km - Line 1: Miyapur to L.B. Nagar, approx length being 30 Km which will have 28 stations along the route; Line 2: Jubiliee Bus Station to Falaknuma, approx length of 15 Km with 15 stations along the route; Line 3: Nagole to Shilparamam, approx length being 26 Km with 23 stations. Additionally, GoAP is also providing development rights to the Consortium for 18.5 million sq. ft. Commenting on the development, Mr. Mohan Gurunath, CEO, Maytas Infra Assets Limited said, &quot;We are very proud to be working on one of the biggest projects in the country.Hyderabad Metro will be a world-class project, and will have a widespread impact on the city's landscape and business scenario. Now with the Concession Agreement being signed, Maytas Infra along with the Consortium partners will be gearing up to execute the project on schedule and with high standards of safety and environmental norms.&quot; The Consortium will be paying an amount to GoAP, which has a net present value equal to Rs. 1240 crores over a 34 year period - based on a discount rate used by GoAP of 13.5%. The Concession Agreement between GoAP and the Consortium is based on an initial Concession Period of 35 years (incl. construction period), and a possible extension in Concession Period of 25 years. As per the draft Concession Agreement, the project has to be constructed over a five and a half year development period. GoAP would subscribe to equity of Rs.250 crores, while various financing options are looked at for the project.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[No realty threat from Lehman crisis]]></title>
<link>http://www.newdesignworld.com/press/story/4172</link>
<comments>http://www.newdesignworld.com/press/story/4172</comments>
<pubDate>Fri, 19 Sep 2008 03:10:35 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4172</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- The dramatic meltdown and subsequent acquisition of Lehman Brothers, the world's fourth largest investment bank, might have left many Indian real estate developers gasping, due to increased dependence on foreign private equity funds. However, major players in Hyderabad are breathing easy. Bharat Infratech, which launched one of India's largest residential projects at Kondapur in June this year with a combined investment of over Rs 400 crore involving a land bank of 500 acres with Lehman Brothers and Tiger Global, is thanking its stars. &quot;Events at Lehman Brothers Holdings will have no bearing on the progress of any of our projects as all of them are already funded and will go ahead as planned. Further, the investments in Bharat are governed by the Indian laws for FDI investment and the lock-in period stipulated therein,&quot; said Srinivas Manda, marketing head. But industry analysts are not too sure; they feel that the company's ambitious plans will be hit. Amongst others who have already received their entire funding is B Seenaiah &amp; Company Projects (BSCPL) that specialises in highway and irrigation projects. The company had raised Rs 152 crore in its second round of funding from private equity firms and strategic investors including Lehman Brothers earlier this year. &quot;We already got the promised amount of Rs 25 crore from Lehman about eight months back so we will not face any trouble,&quot; confirmed director K Thanu Pillai.However, the biggest beneficiary is K P Singh's DLF Assets, India's largest real estate company, which had a lumpsum deal of $200 million (Rs 921 crore) with Lehman Brothers and have already received their payments. DLF is slated to develop villas and township projects in Hydearabad. Many others like A Rami Reddy's infrastructure and realty firm Ramky Group are playing safe, but for different reasons. Company spokesperson D R Patnaik revealed that a few months ago, Lehman had undertaken a due diligence process to pick up around 10 per cent in Ramky Group for $100 million (Rs 407 crore). &quot;Midway through the discussions, we decided not to proceed with it, though we had not really anticipated this current crisis,&quot; adds V V Rao, CFO, Ramky Group. Whatever be the reason the company is now sure it had taken the right decision. Not everyone has been that fortunate.For instance Peninsula Land Ltd (PLL), the realty wing of the Mumbai-based Ashok Piramal Group (APG), which is building a seven million sq ft IT park in Hyderabad on a 30-acre land, might face the music if it does not receive the promised investment amount from Lehman which is due to come in the third quarter this year. Lehman Brothers had picked up a 40 per cent stake in this Rs 125 crore project promising to pump in nearly Rs 50 crore. However the only respite is that most of the money was raised from non-Lehman sources. Incidentally, PLL and Lehman had tied up in a Rs 700-crore joint venture earlier this year to invest in various realty projects, whereby Lehman took up 75 per cent stake. The Hyderabad deal was the first investment in this process.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Dewan Housing arm lines up $250 million real estate fund]]></title>
<link>http://www.newdesignworld.com/press/story/4045</link>
<comments>http://www.newdesignworld.com/press/story/4045</comments>
<pubDate>Fri, 12 Sep 2008 05:50:19 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4045</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- DHFL Venture Capital, the asset management arm of Dewan Housing Finance Corporation (DHFL), is raising $250 million for its second international realty fund.The fund will close in two tranches, with the first tranche of $100 million expected to close in two months.However, the company has not set any time-frame for raising the entire corpus of the fund.Dewan Housing Finance Chief Financial Officer Prashant Chaturvedi said that the money will be raised from offshore investors. &quot;DHFL will have some share in the fund depending on the what the National Housing Bank permits.&quot; The company had launched its first local fund of Rs 100 crore two years ago with DHFL investing Rs 35 crore while the remaining Rs 65 crore was raised from banks and financial institutions.The money from the local fund has been invested in real estate projects in Hyderabad, Bangalore and Pune.In addition, Dewan Housing Finance, the parent entity, is also looking to raise Rs 150 crore to bolster its operations. The fund-raising may also be in the form of equity dilution. &quot;We are considering various options. We are in talks with potential private equity players and waiting for the markets to stabilise,&quot; Managing Director Kapil Wadhawan told Business Standard. DHFL, which registered a compounded annual growth rate of 35 per cent during the last five years, is hoping to increase its portfolio by over 20 per cent during the current financial year. The slowdown is being attributed to the present economic situation where high interest rates and property valuations are forcing many borrowers to defer purchase of houses.&quot;Over the next two-and-a-half years to three years, we are targettng a balance sheet size of Rs 10,000 crore (compared with Rs 4,500 crore now),&quot; Wadhawan said, adding that the company intends to leverage its existing network and focus on fee-based income.&quot;Companies have seen the cyclical nature of the business. So, they understand the challenges. Those who have deep pockets will continue to operate in the market,&quot; said.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>2 Vote(s) ]]></description>
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<title><![CDATA[PBEL India to build 1200 cr township project in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3908</link>
<comments>http://www.newdesignworld.com/press/story/3908</comments>
<pubDate>Thu, 04 Sep 2008 03:44:58 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3908</guid>
<description><![CDATA[Hyderabad-based real estate developer PBEL India plans to build a township in the city at a cost of Rs 1,200 crore.Christened PBEL City, the township will comprise of 13 residential and two commercial towers. PBEL City, a joint venture between PBC and Electra Real Estate, both from Israel, and Incor from India, will come up in Rajendranagar on the outskirts of Hyderabad. Addressing the media, project executive director Anand Reddy said that PBEL City was the company's first offering in Hyderabad. It has spent about Rs 200 crore on the project for purchasing the land and creating infrastructure.The company will raise the funds from internal sources and through banks. In the first phase, to be completed in 18 months, the project will have 500 units with a built-up area of 1,050-1,600 sft. While the second phase will be ready in 24 months, the third phase will be completed in 36 months. The units will be priced between Rs 40 lakh and Rs 55 lakh each, Reddy said. The company is planning mega projects across the city and in other parts of the country. Over the last couple of months, PBEL had bought about 110 acre worth Rs 500 crore across various cities. Currently, it is focusing on Hyderabad, Chennai and Mysore, and plans to spend about Rs 4,700 crore over the next three years...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Luxury homes continue to dazzle on robust demand]]></title>
<link>http://www.newdesignworld.com/press/story/3856</link>
<comments>http://www.newdesignworld.com/press/story/3856</comments>
<pubDate>Mon, 01 Sep 2008 08:23:35 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3856</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Even in the midst of low sentiments haunting the real estate sector, there is one segment that is totally unfazed by it all. Luxury homes continue to dazzle in the face of robust demand and keen investor interest in the segment.Royal offerings doled out one after the other by real estate developers show that at least one buyer category has remained as loyal as before, the luxe home buyer.SundayET commissioned a survey to global real estate consultancy Cushman and Wakefield (C&amp;W) to find out some top-of-the-line luxury offerings coming up in the five major cities of Delhi, Mumbai, Bangalore, Hyderabad and Chennai. And here's what we found.While the new luxury apartments in Delhi-NCR were valued at over Rs 10 crore, in Mumbai it easily crossed the 20 crore mark for a 4 BHK. It also found that among the new constructions around the National Capital Region (NCR), properties in Gurgaon commanded a premium, while sea-facing locations in the financial hub attracted the richie rich.Lavelle Road in Central Bangalore was much sought after as a luxury buy. And while Spanish villas in Hyderabad made an opulent statement, it were the spacious independent houses in Chennai that were the new luxury abode. In the survey, we included both projects which have been announced recently or the ones which though announced earlier were only getting ready now.Delhi NCR, in itself has at least seven extremely high-end projects. Top corporate honchos, expatriates and high networth individuals (HNIs) dominate DLF's Magnolias located in DLF Phase V, Gurgaon. The apartments, which will be ready in 1-2 years can go up to a whopping Rs 10 crore with the average size of an apartment at roughly 5,500-10 ,000 sq ft.Attractive rental potential and substantial increase in capital values since 2005, the locational advantage of the golf course and improved connectivity via the operational Delhi-Jaipur 8-lane super expressway are some of the USPs of this project. Says Rajeev Talwar, executive group director, &quot;Luxury apartments are taken up by actual users so demand will always remain.... Anyone who is buying such an apartment does so keeping a variety of factors in mind. Moreover, these are bought by those who have a surplus..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Greater Hyderabad is India's second largest metropolitan area]]></title>
<link>http://www.newdesignworld.com/press/story/3778</link>
<comments>http://www.newdesignworld.com/press/story/3778</comments>
<pubDate>Wed, 27 Aug 2008 01:51:53 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3778</guid>
<description><![CDATA[Greater Hyderabad, which has become the second largest metropolitan area in India, will be developed as a world-class city and a model metropolis in the countrysaid Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Sunday.He asked officials of the newly constituted Hyderabad Metropolitan Development Authority (HMDA) toensure a scientific and regulated development in the metropolitan region.Last year 12 municipalities and several villages of the five surrounding districts were merged with Hyderabad to make it Greater Hyderabad. HMDA was formally constituted Saturday replacing Hyderabad Urban Development Authority (HUDA).The chief minister Sunday launched HMDA and laid foundation stone for the central office of the new body, which will have jurisdiction over an area of 6,856 square km, making it the second largest metropolitan area in the country after Delhi.The jurisdiction of the earlier body was 2,000 square km. The population coverage has alsoincreased from 6.5 million to 7.8 million.The government issued orders posting Indian Administrative Service officer K.S. Jawahar Reddy as the metropolitan commissioner.The jurisdiction of HMDA covers 54 a4mandals' (administrative blocks) in the five districts. It includes 16 a4mandals' of Hyderabad, 10 of Medak, 22 of Rangareddy, two of Mahbubnagar and four of Nalgonda districts. As many as 849 villages of four districts were merged with Hyderabad.As the city is growing by leaps and bounds thanks to the IT boom of last one decade and consequent economic activity, the government felt the need to merge the surrounding municipalities with the capital region to ensure planned development and provide better infrastructure.The new international airport at Shamshabad, about 30 km from the city, the ongoing world-class 160-km Outer Ring Road (ORR) project, mega townships along the ORR, over 30 IT Special Economic Zones (SEZs), major real estate projects, new campuses of IT and biotechnology majors, metro rail and other infrastructure projects areexpected to give further impetus to the growth.The chief minister asked officials to ensure that there was no deviation from the approved plans for any construction activity. He assured that the government would take all steps to provide better road connectivity, 24-hours water and electricity supply and other infrastructure to all the areas fallingunder metropolitan region.The missions of HMDA include promoting active participation of citizens in the process of planning and implementation of development plans, improve quality of life through planned growth and development and contribute to the creation of a cleaner and greener city.&quot;.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Salarpuria Group investing INR 3,000 crore in across country]]></title>
<link>http://www.newdesignworld.com/press/story/3759</link>
<comments>http://www.newdesignworld.com/press/story/3759</comments>
<pubDate>Mon, 25 Aug 2008 07:05:46 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3759</guid>
<description><![CDATA[It is reported that real estate developer Salarpuria Group plans to invest about INR 3,000 crore in 12th to 14th projects across the country. These will be a mix of residential, commercial, retail and hospitality which are in various stages of implementation, located in Bangalore, Hyderabad, Pune, Kochi, Jaipur, Kolkata and Visakhapatnam.As per the report, Salarpuria group announced the launch of an INR 1,000 crore, 1,672 apartment residential project, Greenage spread over 21 acres on Hosur Road. The first phase of the project will have 800 apartments being built and is expected to be completed in 30 months. Zachariah Consultants are the architects for this project. Amenities offered are helipads, a creche, tea gardens, a retail area that would have a convenience store, beauty salon, 2 theatres and ATMs and a media centre.The company also plans to build malls in Hyderabad and Jaipur and 2 in Bangalore. Besides, 2 hotels one each at Bangalore and Hyderabad are being planned with investment of INR 160 crore in each project.......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Trump launches $1b Indian hedge fund]]></title>
<link>http://www.newdesignworld.com/press/story/3631</link>
<comments>http://www.newdesignworld.com/press/story/3631</comments>
<pubDate>Mon, 18 Aug 2008 04:31:04 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3631</guid>
<description><![CDATA[Trump Organization USA announced plans to launch a $1 billion hedge fund to invest in Indian real estate. Donald Trump Jr.'s interest in the Indian real estate market was sparked in 2007 when he visited the subcontinent for the Cityscape real-estate conference in Mumbai.the son of the brash American real estate tycoon and reality-TV star - appeared at the high-profile Cityscape India 2007 real estate conference in Mumbai to give a speech on the subcontinent's booming property market. Trump, the executive vice president of development and acquisitions at New York-based Trump Organization USA LLC, said India's red-hot economy has fueled demand for more residential development, particularly luxury housing, but also hotels and resorts for the country's flourishing tourism industry. Before he departed, Trump indicated his desire to invest in India's real estate sector, and hinted that he wouldn't wait long to do so. &quot;We feel it is now time to invest in Indian realty projects as the quality has moved up and we see emergence of some high-end developers with a product level that will support our brand,&quot; he said in his speech.It appears that time is now: Trump announced in late July that he intends to set up a hedge fund worth up to $1 billion to invest in Indian real estate. Accordingly, the privately held fund would initially target property in Mumbai and also include an Indian family as investors. Thirty year-old Trump did not give specific details about the fund, such as how he plans to raise the money, or where the first investment would be made. But in an interview with New York-based media company Bloomberg LP, he did say that it would start conservatively and expand as the opportunities presented themselves.&quot;The fund will be for acquisitions of real estate in the high end and across the spectrum,&quot; Trump said. &quot;We'll start it off relatively small and grow it as we get more familiar with the Indian market. Our entry has to be in Mumbai, and that's where everything is going on right now in terms of the high-end real estate. That's the place where one is going to achieve the highest prices per square foot. It sets the tone for all of the other future developments.&quot;Trump eschews investing in India's smaller and less-affluent cities - he stated publicly at Cityscape India 2007 that he has no intention of entering the middle- or low-income segment because &quot;the best is in the high-end sector.&quot; When asked at the conference which cities Trump Organization would consider for business deals, Trump responded, &quot;Certainly, the city I'm standing on (Mumbai), Delhi, Hyderabad and Bangalore, where the IT sector has witnessed a boom.&quot;.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[DLF to set up mega agri hub in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3612</link>
<comments>http://www.newdesignworld.com/press/story/3612</comments>
<pubDate>Sat, 16 Aug 2008 06:51:00 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3612</guid>
<description><![CDATA[The state government on Tuesday allotted 24.5 acres of prime land at Moosapet village in Balanagar mandal of RR district to DLF Building India Ltd on a 33-year lease for setting up an integrated mega agriculture hub.The proposed agriculture centre, near Metro Cash and Carry, would generate 20,000 jobs in agriculture-related activities, 20,000 jobs in information technology and related industries, and another 10,000 jobs in retail and service sector, apart from providing 1.5 lakh jobs indirectly by way of permanent or casual employment in trade and agriculture, support services, construction facilities and facility management. The proposed complex would have an agricultural distribution centre, farmer training facility centre, agriculture complex, poultry &amp; dairy input centre, and output storage &amp; marketing centre for agri products.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Credit Suisse invests $100m in real estate in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3560</link>
<comments>http://www.newdesignworld.com/press/story/3560</comments>
<pubDate>Tue, 12 Aug 2008 06:11:47 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3560</guid>
<description><![CDATA[In one of the largest private equity deals in the real estate sector this year, financial services major Credit Suisse has invested $100 million (about Rs 430 crore) in Hyderabad-based Indu Projects for a minority stake.Indu Projects is a leading name in the construction and real estate sector in Andhra Pradesh in which, about two years ago, Citigroup's private equity arm had invested about $50 million.Since the stock markets went into a tailspin at the beginning of the year with real estate companies among the worst hit deals in the sector have dried up. In this deal, Credit Suisse invested directly in the company, and not through a special purpose vehicle in one or more projects which is more common in this sector now, sources said.Indu Projects, an eight-year-old company, is promoted by Shyam Reddy, who was earlier associated with IVRCL Projects, also a construction and real estate major. Indu Projects is currentlyassociated with, among others, the construction of an IT park in Hyderabad, a real estate project in Pune and also with construction of a Tata Power project.The company also executes government contracts and is planning to foray into power sector in a big way.Sources said this is among a series of investments made by Credit Suisse with the deal team comprised of industry veterans Hemang Raja, Gaurav Kumar, Nikhil Bhatia and Sameer Nair. Avendus was the investment bankers to the transaction. Real estate consultancy major Jones Lang LaSalle are the advisors to the company on its several real estate projects.Industry players said post the recent debacle in the stock market, private equity/venture capital funds evaluating real estate companies for investments are looking at firms with good management, clear land bank, and strong execution and development capabilities. But there are very few companies that make the cut, a person associated with the Credit Suisse-Indu Projects deal said........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Demand slowdown hits office space market]]></title>
<link>http://www.newdesignworld.com/press/story/3492</link>
<comments>http://www.newdesignworld.com/press/story/3492</comments>
<pubDate>Thu, 07 Aug 2008 05:55:53 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3492</guid>
<description><![CDATA[With companies, particularly in the IT and BPO industry, holding back their expansion plans due to slowdown fears, the commercial real estate market posted a lacklustre show in the second quarter of 2008.The June quarter saw office space demand lagging far behind the supply levels of 18.07 million sq. ft. across major cities, as companies turned cautious. According to Cushman &amp; Wakefield, the demand in the quarter was at 9.74 million sq ft, dominated by absorption (where companies move-in or begin fit-outs) of 6.36 million sq ft, and only 3.38 million sq ft in fresh pre-commitments. &quot;There are certain micro-markets like Noida (NCR), and Rajiv Gandhi Salai (Chennai), which recorded excess supply for this quarter thus increasing the overall vacancy rates,&quot; it said.The second quarter witnessed stable rental values across micro-markets in the major cities with some central business district (CBD) and off-CBD locations witnessing rental hikes of 3-5 per cent over the last quarter. Some peripheral locations in NCR (National Capital Region) and Chennai, however, saw a correction in rentals largely due to excessive supply as well as deferred development plans of various proposed projects.ExceptionsPune was an exception to the stable rentals where all micro markets saw a rise in rental values in the range of 2-7 per cent over the last quarter. Malad in Mumbai recorded the highest quarter-on-quarter rental appreciation at 11 per cent, due to lack of supply of Grade A properties and with most of the new supply already pre-committed. Dalhousie (Kolkata) too witnessed high rental increase of 10 per cent, due to high demand and lack of redevelopment potential or fresh supply.Against a demand of 1.97 million sq ft in Bangalore during the June quarter, the supply stood at 3.11 million sq ft; whereas in Chennai the demand stood at 1.55 million sq ft (supply at 3.80 million sq ft). Hyderabad saw a demand of 0.47 million sq ft (0.75 m sq ft of supply), even as Mumbai logged an office space demand of 1 million sq ft (4.09 million sq ft supply). In NCR, compared to a demand of 3.30 million sq ft, the supply was at 4.34 million sq ft. &quot;There has been a slowdown in the actual transactions witnessed in the second quarter of 2008 owing to a number of factors, primary amongst which is a general slowdown of economy. However, the economic fundamentals of India are strong and we should expect demand pick-up by the fourth quarter of the year,&quot; said Mr Kaustuv Roy, Director, Tenant Strategies &amp; Solutions, India, Cushman &amp; Wakefield. ......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Gayatri Infra gets Rs 200cr funding]]></title>
<link>http://www.newdesignworld.com/press/story/3448</link>
<comments>http://www.newdesignworld.com/press/story/3448</comments>
<pubDate>Tue, 05 Aug 2008 05:20:50 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3448</guid>
<description><![CDATA[Australian firm AMP Capital Investors will be investing Rs 200 crore in Gayatri Infra Ventures Ltd, a fully owned subsidiary of Hyderabad-based infrastructure company Gayatri Projects Limited (GPL).The first instalment of Rs 100 crore will give AMP a 29 per cent stake in GIVL. &quot;We will use it to fund existing projects as well as future bids and concessions undertaken by GIVL,&quot; said Mr T.V. Sanddep Reddy, director, Gayatri Projects.GIVL is a player in the transportation infrastructure sector and is into construction, operation and maintenance of roads, highways, bridges and tunnels. Apart from this, GIVL also wants to make downstream investments in other companies working on similar projects.&quot;We have already invested Rs 125 crore in GIVL,&quot; said Mr Reddy. &quot;AMP would bring in an additional Rs 100 crore. Apart from this, we are planning to invest Rs 400 crore as equity.&quot; He added that AMP would be putting in another Rs100 crore if and when the need arose.  AMP manages funds in excess of $104 billion (Australian Dollars). It will be investing in GIVL from its $750 million Asian Giants Infrastructure Fund meant for projects in India and China......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Nizampet becomes residential hub of Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3432</link>
<comments>http://www.newdesignworld.com/press/story/3432</comments>
<pubDate>Sat, 02 Aug 2008 08:14:59 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3432</guid>
<description><![CDATA[Th