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<title>Press Release / varma / Queued Press Releases</title>
<link>http://www.newdesignworld.com/press</link>
<description>Free Press Release</description>
<pubDate>Mon, 01 Dec 2008 02:18:38 -0500</pubDate>
<language>en</language>
<item>
<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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<item>
<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[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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<item>
<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[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[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[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[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[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[Realty firms gain from mid-income group housing]]></title>
<link>http://www.newdesignworld.com/press/story/3391</link>
<comments>http://www.newdesignworld.com/press/story/3391</comments>
<pubDate>Thu, 31 Jul 2008 03:07:18 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3391</guid>
<description><![CDATA[Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations.Unitech, the country's largest listed developer, posted a 15.7 per cent growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income segment housing, in the range of Rs 40-45 lakh apartments.The company posted a net profit of Rs 423.31 crore in the first quarter of financial year 2009 as compared to Rs 365.67 crore in the corresponding quarter last year. Total income went up by 17.19 per cent to Rs 1,054.37 in the first quarter of FY09 as compared with Rs 899.67 crore in the corresponding quarter last year.DLF, which is scheduled to announce its results on Thursday, also entered into affordable segment in cities such as Chennai, and Kolkata.Bangalore-based Puravankara Projects posted 40.62 per cent growth in year-on-year profit during the quarter due to higher realisations from the sale of apartments and income tax exemptions on its residential projects under section 80 IB. The company sold 1,000 apartments during the quarter.The company posted a net profit of Rs 61.89 crore as compared to Rs 44.01 crore recorded in the corresponding quarter last year. The company's revenues went up by 30.88 per cent at Rs 157.58 crore as compared with Rs 120.40 crore in the last financial year.Pune-based property company Kolte Patil's net fell nearly 7 per cent mainly due to lifting of tax exemption on IT parks under section 80 IA. The company posted a net profit of Rs 31.46 crore in the first quarter of FY09 as compared with Rs 33.87 crore in the comparable period last year. However, the company's revenues rose 17 per cent at Rs 104 crore from Rs 89 crore due to higher realisation from housing projects.Hyderabad-based IVRCL Infrastructure posted a 15 per cent rise during Q1 due to higher realisation from infrastructure projects, on a year-onyear basis. Net profit increased to Rs 43.50 crore from Rs 37.87 crore in the comparable period. Total sales increased by 38 per cent at Rs 948.34 crore (Rs 688 crore).IVR Prime Urban Developers, the group's real estate firm, posted a 263 per cent increase in net profit at Rs 5.44 crore during the Q1 period as against Rs 1.5 crore, while the turnover went up by 55 per cent at Rs Rs 32.25 crore....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[Research on Residential Real Estate in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3372</link>
<comments>http://www.newdesignworld.com/press/story/3372</comments>
<pubDate>Wed, 30 Jul 2008 02:09:52 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3372</guid>
<description><![CDATA[Research and Markets has announced the addition of the &quot;Residential Real Estate in Hyderabad&quot; report to their offering. Introduction The Indian economy has registered growth of 8.7% for FY08 and is expected to grow at the same level in next decade. Hyderabad contributes 15% to the State's GDP and 78% of its revenue is generated through services sector. Services include IT, hospitality and tourism, public and private transportation and banking and financial services. Key Highlights of Report -Younger population with higher income improves the affordability of property - Greater connectivity to major destinations - Efficient infrastructure in place - Real Estate flourishes in all corners in Hyderabad - Hyderabad offers value for investments - Invest in gated community of 5 acres with long term investment horizon Reasons to Buy - Spot Investment opportunities - Understand the factors which influence investments in real estate - Reveals major competitors and their strategies - Assess the various segments in Hyderabad Real estate market - Analyses the factors influenced in making Hyderabad as fastest growing IT destination The report covers the current status of Gross State Domestic Product and projected GSDP. It also talks about city economic information containing the contribution of the city in GSDP, prominent businesses and industries in the city, professional, educational institutes and expected employment levels, and affordability of residents of the city in terms of purchasing new assets. The report also states the infrastructure of the city and development of the same. The report analyses zone-wise development and growth prospects of the same. The report analyses the competitive scenario of Hyderabad to other growing cities both in commercial and residential space. It also talks about the regulatory requirement for investment in the Hyderabad residential real estate. At the end it talks about major players (builders) in the Hyderabad residential real estate industry. Targeted Audience Analysts, Consultants, Real estate companies, Infrastructure companies, Banks and financial, institutions, Investors, Students Key Topics Covered: 1 GROSS STATE DOMESTIC PRODUCT OF ANDHRA PRADESH 2 HYDERABAD - THE FASTEST GROWING IT DESTINATION 3 HYDERABAD REAL ESTATE MARKET 4 MAJOR COMPETITORS OF HYDERABAD 5 MAJOR PLAYERS 6 CONCLUSIONS AND RECOMMENDATIONS 7 REFERENCES .............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[AP GO's, a dampener]]></title>
<link>http://www.newdesignworld.com/press/story/3355</link>
<comments>http://www.newdesignworld.com/press/story/3355</comments>
<pubDate>Mon, 28 Jul 2008 07:04:21 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3355</guid>
<description><![CDATA[The real-estate activity in Hyderabad has virtually come to a standstill, with builders preferring to shelve their plans, thanks to G.O. No. 288. The order, issued a couple of months ago, mandates that builders allocate 25 per cent of the total built-up area for the low and middle-income groups.If builders think that this is a dampener, a fresh Order (G.O. No. 470) issued on Friday would add to their woes. It also contains similar provisions for all the development activity within 1 km on either side of the 162-km Outer Ring Road that encircles the city.&quot;Five per cent would go to economically weaker sections (EWS), and 10 per cent each for low and middle-income groups (LIG, MIG) in all projects that are over one acre,&quot; says Mr C Sekhar Reddy, President of Builders' Forum.The order also stipulates a plot size of up to 100 sq.m for LIG and MIG housing units. Builders, small and big, feel that this would burden the real-estate activity, which has already been running through a very bad patch. &quot;This is totally unreasonable and impractical. No one is submitting applications of late, fearing that the projects could be unviable,&quot; says Mr Sekhar Reddy.An agitated Builders' Forum met the Chief Minister, Dr Y.S. Rajasekhara Reddy, and Urban Development officials to seek doing away with the provisions and look for practical alternatives. The Government, however, argues that this order is in tune with National Housing Policy and Jawaharlal Nehru National Urban Renewal Mission to provide affordable housing to the people.In case of layout development, the HUDA (Hyderabad Urban Development Authority) should be given 5 per cent of the total area free of cost. The 25 per cent allotment norm to EWS, LIG and MIG holds good here as well.&quot;The owner of any land or groups of owners and developers who intend to sub-divide or layout the land in such areas into building plots are required to mortgage 25 per cent of the saleable land to HUDA as surety for carrying out the developments and complying with other conditions in the given time. In case of failure, HUDA is empowered to sell the mortgaged plots and utilise the amount for completing the development works,&quot; says the order.............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[Govt plans townships on SEZ lines]]></title>
<link>http://www.newdesignworld.com/press/story/3323</link>
<comments>http://www.newdesignworld.com/press/story/3323</comments>
<pubDate>Fri, 25 Jul 2008 01:57:05 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3323</guid>
<description><![CDATA[The development of townships will be taken up only by private infrastructure companies and foreign firms across the state, especially around the twin cities. The municipal administration and urban development is working on a policy for townships named a4The Andhra Pradesh Rules for Promotion and Development of Integrated Townships in Private Sector, 2008'. The townships will be promoted on the lines of special economic zones with the private initiatives and foreign investments. The Hyderabad Urban Development Authority (Huda) has already proposed 22 satellite townships along the Outer Ring Road (ORR). Of the 22, two townships at Tellapur and Sri Nagar along the ORR are being taken up by private developers. Initially, Huda proposed to develop satellite townships along the Outer Ring Road. But in the wake of crititicism over land acquisition by Huda, the municipal administration has decided to promote townships under the public private partnership (PPP) only.The townships policy will usher in a systematic development rather than haphazard growth around the cities, an official said. The Centre announced its policy on townships in 2004, allowing 100 per cent foreign direct investment (FDI) in the real estate sector. &quot;We are studying the townships policies in the states of Uttar Pradesh, Gujarat and Maharastra. A workshop will be conducted to take the opinions of experts and the states which are implementing the policy,&quot; the official said. The township rules will be applicable to all urban development authorities, municipal corporations, municipalities and their surrounding gram panchayats areas. The existing rules, regulations of local authorities and urban development authorities are not applicable in the townships.The townships will be broadly divided into three categories. One category will be minimum 100 acres which will be allowed in Huda area, Visakhapatnam and other urban development authorities. In the second category the minimum area will be 75 acres. These will come up in Tirupathi, Warangal, special development authority areas. Townships with minimum 50 acres will be allowed in municipalities and surrounding areas. The township should be integration of residential, commercial, educational, amenity spaces, health facilities, places for parks, playgrounds and public utilities. &quot;Our plan is to encourage townships the combination of which will be workplace, residential and entertainment. The area could be IT or bio-technology or anything,&quot; a senior official of the municipal administration 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[Market value of land to rise]]></title>
<link>http://www.newdesignworld.com/press/story/3302</link>
<comments>http://www.newdesignworld.com/press/story/3302</comments>
<pubDate>Wed, 23 Jul 2008 03:26:14 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3302</guid>
<description><![CDATA[The basic market value of land in the urban areas, including those falling in Greater Hyderabad Municipal Corporation limits, is likely to be increased by 8 to 10 per cent from August 1. With the real estate market gradually stabilising and revenue flow improving, the state government has decided to effect a low rate of increase.Besides the GHMC limits, the revision of market value will take place in Visakhapatnam, Vijayawada and Guntur municipal corporation areas. Official sources said a final decision on the exact percentage of increase would be taken at a meeting which will be attended by the Chief Minister, Dr Y.S. Rajasekhar Reddy, on Wednesday. &quot;The increase will not be more than 10 per cent in Hyderabad and its surroundings,&quot; a senior revenue department official said.Sources said there would not be any revision of the value in the upmarket Gachibowli and Madhapur areas. The rates are likely to be retained in Banjara Hills and Jubilee Hills. The district stamps and registration officials have reportedly recommended an 8 per cent hike in areas like Narayanaguda, Himayatnagar, Srinagar and parts of Secunderabad.  Sources said the basic value for structures will not see any major change. The government had earlier revised the value from Rs 550 per sq ft to Rs 580 per sq ft.Meanwhile, the revenues went up in the first quarter when compared to the corresponding period in the previous financial year. Against a target of Rs 1,313 crore for the first quarter, the department achieved Rs 1,003 crore which is 75 per cent. While Hyderabad achieved 72 per cent of the target, Hyderabad (south) 81 per cent, North 63 per cent, Ranga Reddy (east) 72 per cent and Ranga Reddy achieved 72 per cent of the target.............visit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspxFor Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Red Fort plans $600-m infrastructure fund]]></title>
<link>http://www.newdesignworld.com/press/story/3289</link>
<comments>http://www.newdesignworld.com/press/story/3289</comments>
<pubDate>Mon, 21 Jul 2008 08:51:06 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3289</guid>
<description><![CDATA[After infusing money into real estate projects, Red Fort Capital Advisors is now planning a new infrastructure fund with corpus in excess of $600 million by 2008-end.Red Fort Capital - which manages three active funds under its aegis including an offshore and a domestic fund for Indian real estate market, as well as a hedge fund for listed Indian entities - is already in talks with some of its existing investors for floating the new fund, which would invest in infrastructure projects in the country. It may also rope in new investors to the proposed fund.Growing infrastructure&quot;The new fund is likely to be over $600 million and will focus on projects such as ports and power, amongst others. In fact, some of our existing investors approached us for a fund in the infrastructure, a sector whose risk profile is very different than the real estate segment. Globally, the returns for infrastructure projects are in teens whereas in India it averages at about 20 per cent,&quot; Mr Subhash Bedi, Director and Partner, Red Fort Capital Advisors, told Business Line.He said that in future, the investments in infrastructure projects could also find synergies with the projects that Red Fort has funded in the real estate sector. &quot;For instance, there could be synergies between port projects and development of warehouses,&quot; he pointed out.In the kittyRed Fort Capital has already stitched seven deals worth $200 million in the Indian real estate market during the first six months of 2008 and expects to infuse another $300 million by the end of the calendar year. In comparison, the company had pumped-in $300 million into six projects in 2007.It has an exposure to projects in Delhi, Mumbai, Chennai, Bangalore, Hyderabad and Kolkata and takes positions in affordable housing projects as well as office space projects.&quot;A lot of PE investors who were aggressive early last year, are now staying away from the real estate market, and we feel that only the serious players who believe in the 10-year growth story of the realty sector are now left in the fray,&quot; he said.Red Fort Capital, which counts Government entities, Pension Funds and Life Insurance companies amongst its investors, feels that realistic expectation by the developers on project valuations could lead to more deals for the fund this year.&quot;In the first six months of 2008, we surpassed the total number of deals inked in the whole of last year. We expect to be able to close 2008 with about 10-12 deals in our kitty,&quot; Mr Bedi added. ............For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Unitech raises $300 mn abroad for its global fund]]></title>
<link>http://www.newdesignworld.com/press/story/3250</link>
<comments>http://www.newdesignworld.com/press/story/3250</comments>
<pubDate>Thu, 17 Jul 2008 08:41:40 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3250</guid>
<description><![CDATA[Unitech, the country's second largest property developer, has raised $300 million (nearly Rs 1,290 crore) from international investors for its $600 million global property fund. Named Unitech International Real Estate Fund, the fund will invest in Unitech's residential projects in the country. A clutch of global investors have invested in the fund, according to sources.The Unitech spokesperson could not be contacted for comments. The fund is expected to deploy the money in the next couple of months. It is also looking at raising $300 million from the international investors by September, sources said. The fund has a life span of 10 years. Swiss investment bank UBS was the sole placement agent for the fund raising and Unitech's asset management company, Unitech Realty Investors, will manage the funds, the sources said. &quot;Unitech's fund raising clearly shows that there is no dearth of liquidity for property companies in the international markets if they have good execution skills and proven track record,'' said an investment analyst. This is the second major international fund raising exercise by the company. In late 2006, the company had raised $700 million by floating a fund in Isle of Man and listed the fund on the Alternative Investment Market of the London Stock Exchange (LSE). The entity is known as Unitech Corporate Parks (UCP), which has invested in the company's commercial projects. Unitech Realty Investors currently manages nearly Rs 2,000 crore worth of funds, which the company has raised through domestic funds called CIG Realty Fund I, II, III and IV. The company has deployed these funds in buying lands in Gurgaon, Chennai, Kolkata, Hyderabad and Kochi among other places. Recently, global investor Lehman Brothers invested Rs 740 crore in Unitech's Santacruz project in Mumbai. The company said it was in talks with Lehman for raising funds for other commercial projects in the country. The deals are set to be finalised in the next five to six months. The company has, however, put on hold its plans to raise $700 million through listing of a real estate investment trust (REIT) on the Singapore Stock Exchange, and a qualified institutional placement of $1.5 billion in India due to poor stock market conditions............For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Indiaa4s Beaten Property Sector may Now offer Some Bargains]]></title>
<link>http://www.newdesignworld.com/press/story/3234</link>
<comments>http://www.newdesignworld.com/press/story/3234</comments>
<pubDate>Tue, 15 Jul 2008 06:53:11 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3234</guid>
<description><![CDATA[Amid the debris of a battered Indian real-estate sector, some analysts say investment bargains may be emerging. Their favorites: blue-chip property companies DLF and Unitech.This has been a miserable year for Indian property stocks. Rising inflation and interest rates have delivered a double whammy: Capital is more expensive, and consumers are scaling back spending.&quot;The real-estate sector has been witnessing a cash crunch,&quot; says Shaleen Silori, a real-estate associate at ICICI Securities in Mumbai.As a result, Indian real-estate stocks have taken a bashing. So far in 2008, shares of key players DLF and Unitech have skidded 58% and 61%, respectively. In comparison, India's benchmark index, the Bombay Stock Exchange's Sensex, is down 33%.Property companies have been hit hard because they are vulnerable to a downturn from two directions. Borrowing is becoming more expensive as interest rates rise. At the same time, raising fresh funds in equity markets isn't easy either: India's market for initial public offerings is lackluster, and both Unitech and DLF have delayed plans to raise money through real-estate-investment-trust issues in Singapore.More expensive credit can be a particular problem for property companies, because they often borrow a large portion of their land-development outlays up front and depend on advance sales to repay loans.But on the demand side, rising inflation - running at an annual rate of 11.89% for the week ended June 28 - and higher interest rates, which have jumped to 11% from 7.5%-8% three years ago, mean many consumers are putting real-estate purchases on the back burner. A rise in mortgage rates would affect residential-property purchases and lead to delay in some project launches, say analysts at Macquarie in Mumbai.Meanwhile, costs for steel and cement, two key building materials, have been rising.Given that gloomy environment, some sector watchers say investors should stick with India's biggest real-estate companies, whose share performance they expect to improve over the longer term.&quot;DLF is a real-estate company with relatively greater stability,&quot; says Deven Choksey, managing director of K.R. Choksey Securities in Mumbai. Delhi-based DLF, India's biggest real-estate company by market capitalization, is well diversified, selling property in the housing, commercial, multiplex and retail sectors, he notes.The company has steady sales, unlike some of the smaller companies in the sector. DLF is also adequately capitalized, Mr. Choksey says, and &quot;provides a robust business model.&quot;Last week, DLF's board approved an 11 billion rupee ($257 million) share-buyback plan aimed at boosting investor confidence after the stock price fell below its IPO level. The plan involves a buyback of 22 million shares at a maximum price of 600 rupees each. Prior to the board's approval, some investors reacted negatively when Macquarie said in a report that it felt the proposed buyback was negative for DLF's cash flow. On July 3, DLF shares tumbled 9.9%.To some analysts, DLF shares look attractive after this year's sharp fall. Mr. Choksey, who recommends the stock, has a 12-month target of 800 rupees. He says the price-earnings ratio for the stock for the current year, which ends March 31, 2009, is less than eight, which he calls attractive. Analysts at Citigroup rate Unitech, India's second-biggest real-estate company by revenue, a &quot;buy&quot; too. They cut their 12- to 15-month target for Unitech to 375 rupees from 454 rupees in April. The reduced target is 98% above the level at which Unitech shares closed Friday, 189.15 rupees...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Articles 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[Construction boom in Shamshabad]]></title>
<link>http://www.newdesignworld.com/press/story/3197</link>
<comments>http://www.newdesignworld.com/press/story/3197</comments>
<pubDate>Fri, 11 Jul 2008 08:12:03 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3197</guid>
<description><![CDATA[Buyers find these localities convenient as they are located near the ariport and gachibowli It corridorConstruction of flats is going on in full swing around the Rajiv Gandhi International Airport in Shamshabad. Though the prospect of a renewed agitation for Telangana had caused a slump in the realty market earlier, the recent bypoll results, which weakened the Telangana Rastra Samiti, has raised fresh hopes in builders and triggered frenetic activity.At present, major construction work is going on in villages surrounding the international airport such as Bandlaguda, Gandhamguda, Peeram Cheruvu, Hydarsha Kota and Kismathpura. The government's launching the Outer Ring Road project has further fuelled real estate activity in these villages. Realty rates have nearly doubled in the last two years in these areas and more than 10 big residential projects involving nearly 2,000 flats are currently underway in Bandlaguda and Hydarsha Kota. Developers are taking up residential projects that suit all kinds of people in the villages between the airport and Gachibowli IT corridor.Flats ranging from 800 square feet to 1,250 sq. ft. are being built by Giridhari Constructions, Theme Ambience, Star Construction and Systematic Constructions among others. Giridhari has taken up a massive residential project named a4Executive Park' under which it is developing 518 flats ranging from 1,250 sq. ft. to 1,800 sq. ft. The Fort View project undertaken by Theme Ambience has 285 flats ranging from 1,170 sq. ft to 1,800 sq. ft. Other firms which are taking up residential projects are CMG Constructions, Chandra Constructions, Systematic Constructions and Star Constructions. All of their projects have 15 to 30 flats each. &quot;Currently, we are developing 518 flats in 8.5 acres near Peeram Cheruvu,&quot; said Mr Indrasena Reddy, managing director of Giridhari Constructions.&quot;The project has evoked good response from buyers. We now plan to develop another 1,500 flats in 15 acres in the same locality.&quot; Apart from local firms, international property developer, PBEL Ltd, which is a joint venture of Israeli giants Property and Building Corporation (PBC), Electra Real Estate (ERE) and an Indian developer INCOR Infrastructure, are also taking up projects. &quot;We are taking up a massive residential project in 25 acres near Andhra Pradesh Police Academy (APPA), which falls between Shamshabad airport and Gachibowli and construction works will commence soon,&quot; said Mr Anand Reddy, managing director of PBEL.Another domestic realty major, a4Unitech' is developing a project in nearly 150 acres between Shamshabad and APPA junction and Bangalore-based Prestige Group is building 90 luxury villas and 500 flats in the same locality. &quot;The buyers are mostly employees and IT professionals,&quot; said Mr A. Phaninder Rao, a property dealer. &quot;They find these localities convenient as they are located near the airport and Gachibowli IT corridor.&quot; Moreover, the cost varies from Rs 1,900 per sq. ft to Rs 2,500 per sq. ft depending on the location and this suits all kinds of people. &quot;Another favourable factor is the presence of over 15 engineering, MBA and MCA colleges in these localities,&quot; said Mr Rao............For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Hyderabad-based Totem Infra to diversify]]></title>
<link>http://www.newdesignworld.com/press/story/3160</link>
<comments>http://www.newdesignworld.com/press/story/3160</comments>
<pubDate>Tue, 08 Jul 2008 08:15:22 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3160</guid>
<description><![CDATA[Hyderabad-based Totem Infrastructure Limited is looking to diversify its portfolio by adding real estate to its array of operations.It plans to build a Rs 200-crore multi-use apartments in about 10 acre near the outer ring road here. The company currently is executing infrastructure works relating to irrigation, power, railways and roads.Also, the company is looking to change its business model from cash contracts to long-term revenue channels like build, operate and transfer, Totem director and chief operating officer Abhijit Roy told Business Standard.The company had, in February, raised $10 million (about Rs 40 crore) from Singapore-based private equity fund Aquarius Investment Advisors. It plans to utilise this money for growth plans, expanding to new locations and operations.At present, Totem has offices in Hyderabad, Delhi and Indore and new offices are being planned in Kolkata and Nagpur shortly. &quot;We want real estate to account for at least 25 per cent of our portfolio,&quot; Roy said.Totem's current order book stands at Rs 1,000 crore to be executed in two-and-a-half years. Most of the existing projects are cash contracts and hence the required investments are mobilised through advances and other means. To fund these, the company has also formed a consortium of banks with Union Bank of India as the lead bank. The company expects the order book to increase to Rs 2,500 crore for this financial year and in three years, it plans to go public to raise funds for various projects, Roy said.Among the various projects, it is building about roads in Maharashtra, Uttar Pradesh and Karnataka on a BOT (build, operate, transfer) basis. It established its presence in central India recently by bagging the order for the III phase of the Omkareshwar Project Canal System from Sadbhav Engineering Limited for Rs 310 crore...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Realty dreams of small, mid-sized cos crumble]]></title>
<link>http://www.newdesignworld.com/press/story/3110</link>
<comments>http://www.newdesignworld.com/press/story/3110</comments>
<pubDate>Thu, 03 Jul 2008 07:17:26 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3110</guid>
<description><![CDATA[Grappling with a slowdown across segments, the Indian property market is heading towards the next phase of consolidation. Liquidity crunch in the real estate market is beginning to drive many mid-sized and small developers to scrounge for cover.Many want to liquidate their land and incomplete projects by selling them to bigger developers or private equity players even at lower valuations. What's forcing them to take this step is a stagnant market, with property rates undergoing major correction in some cities. Around 15 deals in real estate sector have fallen through in the past two months with investors developing a cold feet, said industry officials.Consider a few cases. A mid-sized builder at Chembur in Mumbai has put its 14-floor commercial property in central Mumbai on the block. The developer wants to raise around Rs 150 crore which would help him complete his upcoming project.A Hyderabad-based real estate group has started advertising to attract high networth investors to generate Rs 50 crore against bulk purchase of its housing project in the city. A small developer in Mumbai, pushed to a corner on account of mounting payables for construction material, is now offering its project at Juhu-Versova in Mumbai at about 35% discount to the current market price. In Delhi, some developers have approached property consultant to sell their income generating commercial properties to finance some of the unfinished projects...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Hyderabad based Nagarjuna Construction goes international]]></title>
<link>http://www.newdesignworld.com/press/story/3090</link>
<comments>http://www.newdesignworld.com/press/story/3090</comments>
<pubDate>Tue, 01 Jul 2008 05:10:37 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3090</guid>
<description><![CDATA[The company is looking to develop airports in West Asia, and has won two road contracts in Oman for Rs1,300 croreHyderabad-based Nagarjuna Construction Co. Ltd, or NCC, is exploring opportunities to expand its airport development business to international markets, starting with West Asia, after a group comprising it successfully bid for two airport development projects in south India recently.&quot;We are now in the process of preparing ourselves for a major foray into international markets for airports development, apart from other verticals such as roads, buildings and water (supply projects),&quot; said Narayana Raju Alluri, head of NCC's international operations.A group comprising NCC, Hyderabad-based Maytas Infra Ltd and a subsidiary of Austrian airport operator Flughafen Wien AG had won contracts to develop two small airports in Karnataka's Shimoga and Gulbarga districts.NCC has decided to bid for the Ras Al Hadd airport in Oman's capital, Muscat, with a foreign partner. &quot;We have tied up with a Turkish company to bid for the Muscat airport project, wherein we will execute the civil construction contract,&quot; Alluri said. He wouldn't reveal the Turkish firm's name.NCC has already won two road construction contracts in Oman worth about Rs1,300 crore. &quot;We are now pursuing more such opportunities.&quot;Another Indian firm bidding for the $680 million (Rs2,917 crore) Muscat airport project is Larsen and Toubro Ltd through its Omani subsidiary, according to the Oman Observer.In airport projects, Alluri said, NCC is keen on construction work, and not owning and operating them because the cost involved will be huge and the recovery period long. Most infrastructure projects are given on build, operate and transfer, or BOT, basis wherein the developers operate the projects for a specific period of time to recover costs.NCC's chief financial officer, Y.D. Murthy, said the firm will also bid for construction contracts at Kolkata and Chennai airports, called for by the Airports Authority of India recently. While Shimoga and Gulbarga projects are to be developed on BOT basis with the developers holding the right to operate them for 30 years, the Kolkata and Chennai projects are for construction?works.For the Gulbarga and Shimoga projects, the partners have floated two special purpose vehicles or SPVs, or separate companies meant to carry out the projects. The two Hyderabad companies will hold 37% each in the SPVs, while VIE India Project Development and Holding Llc., the Austrian firm's unit, will own the rest...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[EmaarMGF brings Indiascapes to Dubai 3-day event for UAE customers]]></title>
<link>http://www.newdesignworld.com/press/story/3084</link>
<comments>http://www.newdesignworld.com/press/story/3084</comments>
<pubDate>Mon, 30 Jun 2008 07:59:17 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3084</guid>
<description><![CDATA[EmaarMGF Land Ltd., a joint venture between Emaar Properties PJSC and MGF Developments, begins a three-day showcase in Dubai from June 30 to display lifestyle residences across its integrated master-planned communities in India. Formed in 2005, this partnership brought about unprecedented transformation to the realty sector emanating from the strong synergies of two robust players to bring in technological know-how, international design, project management and construction expertise. The showcase in Dubai gives the growing number of Indian expatriates in the United Arab Emirates an opportunity to buy best in class residential developments back home where EmaarMGF is redefining contemporary living.A rapidly growing India is witnessing a remarkable change in the real estate sector as the country becomes a favoured business and investment destination. The Indian real estate space has emerged as the preferred sector for foreign investors in 2007-08, clinching FDI equity inflows of approximately Rs 8,749 crores. Additionally, for the estimated 14 lakh Indians in the UAE, the prospects of significant returns, tax-structuring benefits and the chance to own a piece of new India is a compelling opportunity. In this backdrop, EmaarMGF, one of the leading real estate developers in India, will be showcasing a significant cache of its projects as part of Indiascapes. Some of which include Boulder Hills-Hyderabad, Commonwealth Games Village-New Delhi, Garden Terraces-Gurgaon, The Terraces-Mohali, The Palm Drive-Gurgaon, The Views-Mohali, Esplanade-Chennai, The Palm Springs-Gurgaon and The Villas-Mohali.Elaborating on Indiascapes, Mr Bill Rattazzi, CEO of EmaarMGF, said, &quot;Historically, India and the UAE are closely bound in terms of business and investment, talent flow and strong cultural ties. EmaarMGF's Indiascapes is a natural progression in that direction to strengthen the existing bond by facilitating investments in property back in India.&quot;&quot;We remain committed towards making a difference to the Indian lifestyle with our master-planned integrated townships. Significantly, Emaar Properties' competencies in developing iconic structures globally, is now visible in the Indian real estate landscape through EmaarMGF's projects. This provides UAE customers an opportunity to own developments that are benchmarked against the best in the world,&quot; Mr Rattazzi added.EmaarMGF's focus is on developing integrated master planned communities in the mid to luxury segment in which the company designs and builds independent villas, townhouses and apartments. The integrated master planned communities have one or more community facilities, including hospitals, schools, retail and commercial buildings, enabling a &quot;live, work and play&quot; theme within the same development.Project profile:EmaarMGF's signature project in Hyderabad, Boulder Hills Golf and Country Club, is replete with an 18-hole championship golf course, luxury residences, large format retail facility, luxury and boutique hotels and an IT Park. It is South India's first integrated leisure and residential community spread across 531 acres situated along the city's IT and financial corridor of Gachibowli...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[CHD Developers to Invest Rs 1000 Cr in Realty Sector]]></title>
<link>http://www.newdesignworld.com/press/story/3019</link>
<comments>http://www.newdesignworld.com/press/story/3019</comments>
<pubDate>Mon, 23 Jun 2008 06:53:12 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3019</guid>
<description><![CDATA[Real estate developer-CHD Developers have firmed up plans to pump in Rs 1,000 crore into various projects over the next 3-4 years. The developer plans to raise the money from the market as well as plough back the profits.he company will be developing group housing projects as well as commercial complexes. &quot;We have a proposal to set up retirement lifestyle housing project for the retired people,&quot; said RK Mittal, chairman and managing director,CHD Developers. He further informed that the company targets to build resorts and luxury housing for people above 55 years of age. &quot;These projects will come up in Haryana, Rajasthan, Mathura and Rishikesh etc. We will be designing the resorts in consultation with an Australian expert and things will be finalised soon.&quot;CHD Developers has recently opened bookings for residential plots at its mega project, the CHD City, an integrated township spread across 200 acres on GT Road in Karnal, Haryana. &quot;About 500 plots are already booked and now we have opened the booking for 200 more. Next stage will be to launch villas, commercial spaces and apartments. A shopping mall is also coming up in the township, which will have 2 cinemax screens. We are also developing group housing project in Vrindavan and Haridwar. Plans are in the pipeline to develop about 350 villas in Ludhiana over 50 acres and the plan will be finalised soon,&quot; said Mittal.The company has delivered projects covering more than 700,000 sq. feet area and proposes to develop more than 10 million sq. ft. area in the next few years. Its turnover in the year 2007-08 was Rs 70 crore and target for this year is Rs 100 crore.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Real estate business flourishes in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/2971</link>
<comments>http://www.newdesignworld.com/press/story/2971</comments>
<pubDate>Thu, 19 Jun 2008 06:09:00 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2971</guid>
<description><![CDATA[With the rejection by Andhra voters of the Telengana Rashtra Samiti, real estate business is now picking up again in Hyderabad after the recent elections.The non-residents of India (NRI)'s and the foreign direct investors have started taking interest in the real estate because the demand for a separate State does not seem to be on the cards.Some believe that if the Telagana state was possible, then the prices would have gone down heavily but now the situation is different and people hope that the separation of the State is not on the cards.&quot;Some of the people in the coastal regions had withdrawn their investments but now they have come forward and want to invest further which will definitely give a boost to the real estate business,&quot; said E. Peddi Reddy, TDP leader.Since people are clear that Telangana would not be formed, a number of new ventures has risen in the city. Some builders believe that the Telangana factor was not the reason for the rise in investing. The reduction in the rate of interest by banks and the increasing value of dollar are some of the reasons for boom in the city.&quot;Two months after the by polls there was a little lull and it was a wait and watch situation. After by polls a lot of NRIs, foreign direct investors are showing interest. The a4T' factor impact should not have been there in the first place but for the past few days, we are getting a lot of calls and there is a lot of prospect to buy property,&quot; said Y.Kiron, Suchir India Private Limited.A far-fetched assumption was that if Telangana got separated, there would be an exodus of people of Andhra region from Hyderabad. .......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[GMRa4s Delhi Hospitality Project hits AAI Hurdle]]></title>
<link>http://www.newdesignworld.com/press/story/2946</link>
<comments>http://www.newdesignworld.com/press/story/2946</comments>
<pubDate>Wed, 18 Jun 2008 06:35:52 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2946</guid>
<description><![CDATA[The GMR Group-backed Delhi International Airport's (DIAL) plans to develop a 45-acre hospitality district in the capital have hit an air pocket. Airports Authority of India (AAI), which owns 26% in DIAL, is unwilling to raise the required fund of Rs 1,000 crore for the proposed real estate development.It was decided that all the stakeholders in DIAL would bring in funds in proportion to their equity holding in the company to part finance the project. This arrangement was opted after AAI raised its objection to GMR's plan to collect security deposits from realty developers. DIAL is a joint venture between GMR (50.1%), AAI (26%), Fraport and Malaysian Airports (10% each) and IDFC (3.9%).&quot;AAI has said it would not pump in Rs 1,000 crore for the proposed real estate project. This would further hold the hospitality project at the airport,&quot; a government official said. The dispute between AAI and GMR began last year when the former floated a subsidiary - Delhi Aerotropolis (DAPL) for the hospitality district. As per the plans, DAPL was to receive deposits of about Rs 2,835 crore in lieu of leasing land to developers.This revenue-generation model was objected by AAI saying it would reduce rent from realty developers and hence result into significant revenue loss to them. &quot;We, however, expect to solve the issue and work out some model in the next few weeks. This would be acceptable by all the parties concerned,&quot; he added.The agreement stipulates that AAI will receive 45.9% of the revenue collected by DIAL. DIAL had earlier planned to build 3,000-room hotel complex at the capital's Indira Gandhi International (IGI) airport before the Commonwealth Games in 2010.According to an estimate, Delhi currently faces a deficit of about 30,000 hotel rooms. The airport developer is allowed to do commercial development at 5% land of over 5,000-acre Delhi airport. In the first phase of modernisation, DIAL plans to invest Rs 8,900 crore in building new terminals and a new runway........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Major IT companies will start building their own offices at the Kokapet IT SEZ]]></title>
<link>http://www.newdesignworld.com/press/story/2916</link>
<comments>http://www.newdesignworld.com/press/story/2916</comments>
<pubDate>Mon, 16 Jun 2008 06:12:15 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2916</guid>
<description><![CDATA[Ten major IT companies will start building their own offices at the Kokapet IT Special Economic Zone by August 15. The firms are Google, Patni, Cognizant, Cognizant, Sonata, DQ, Infinite, Tech Mahindra, Intelli Group and Cbay.To start the process, Huda will construct the compound wall, build roads, and provide temporary power connection, water and other amenities. This was informed by officials of the information technology and communications department to the Chief Minister, Dr Y.S. Rajasekhar Reddy, at a high-level meeting here on Friday. The information will be available on the ministry's e-gazette from July 1. IT exports have touched a record Rs 26,122 crore during 2007-2008.Meanwhile, the Animation and Gaming Hyderabad project spread over an area of 100 acres is coming up at Sultanpur. A Special Purpose Vehicle (SPV), the Hyderabad Digital Media City, is being incorporated with representatives from the government, animation, gaming, visual effects, digital entertainment sectors under the PPP model. Altogether 41 animation, gaming companies have evinced interest to be part of the SPV. The state government will also have a single portal integrating all the departments. The portal www.ap.gov, which will be the single gateway for all government information, is being developed by the Centre for Good Governance.The Chief Minister was informed that there are 675 companies registered in the state, including 51 IT MNCs/majors, that provide employment to 1.53 lakh people in the last fiscal. Of these, five companies will invest Rs 1000 crore and above, another five between Rs 500 crore and Rs 1000 crore and 30 more firms between Rs 100 crore and Rs 500 crore........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Peninsula focus Hyderabad in widening portfolio with IT Parks, Townships]]></title>
<link>http://www.newdesignworld.com/press/story/2906</link>
<comments>http://www.newdesignworld.com/press/story/2906</comments>
<pubDate>Fri, 13 Jun 2008 08:26:13 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2906</guid>
<description><![CDATA[Peninsula Land Ltd, the Ashok Piramal-backed real estate company, is diversifying into integrated townships and information technology parks in Hyderabad, Pune and Nashik.It also plans to enter Ahmedabad, Chennai, Mysore, Bangalore and Coimbatore by next year. Peninsula is developing five projects, which includes one residential and one township project in Nashik, and integrated townships and IT Parks in Pune and Hyderabad.The total developable area for these projects is approximately 21 million sq ft, which is expected to be operational by second quarter of 2013.A source familiar with the development told reporters the Nashik project would be launched next month and Pune will follow in August, while Hyderabad will begin in the third quarter 2008.&quot;They are extensively planning projects in the south where the market is still buoyant,&quot; the source said.Piyush Suraiya, deputy general manager, Peninsula Land, said the idea is to go aggressive in western region. &quot;So, after developing projects in Mumbai, we have Nashik, Pune and Nagpur on our radar.&quot;Peninsula holds 26% stake in the township project being developed in Pune, which is spread across 5 million sq ft. In Hyderabad, it has bought a 31-acre plot from Rallis India, which was acquired recently.&quot;The company is taking a very risky decision by putting up five huge projects during the same time, because looking at the present conditions it is unsure whether it will be able to sell the residential units. Secondly, these are IT Parks not special economic zones where IT companies would rarely tread as the tax benefit scheme will get over by March 2009 even before the project is ready,&quot; said an analyst from a foreign brokerage, who did not wish to be named.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Asian real estate market to address climate change]]></title>
<link>http://www.newdesignworld.com/press/story/2887</link>
<comments>http://www.newdesignworld.com/press/story/2887</comments>
<pubDate>Wed, 11 Jun 2008 07:37:54 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2887</guid>
<description><![CDATA[The real estate markets around Asia and the world will transform quickly and adopt &quot;green building practices,&quot; both in developing new buildings and improving existing ones, as new government policies drive progress towards addressing climate change and other key environmental issues.   &quot;This transformation will be driven by various combinations of regulation, government incentives and changing market dynamics&quot;, according to r.e Design, Asia's first green real estate guide released here today.   &quot;Tenants, in turn will also help drive the Green Real Estate growth through their corporate social responsibility programmes, desire to attract and retain quality employees and aspiration to improve productivity&quot;, says the guide that outlines the urgent need for the real estate industry to address the challenges of climate change and sustainability.  &quot;Green buildings are set to become standard practice and we need to quickly understand them, including how they deliver value to us. The uptake of green building practices in India is now quick and real estate practices are changing accordingly&quot;, said Simon Carter, author of the guide and Regional Head of Sustainability Asia Pacific for Collier International, leading property consulting companies.    India currently has about 26 built green buildings covering close to 11 mn square feeet. Out of these five buildings have secured platinum or gold Leed ratings.Currently, 218 buildings have registered themselves to obtain a green certificate, with Mumbai leading the pack with 51 buildings, followed by Chennai at 35.Bangalore 12 and Hyderabad has close to 8 buildings registered for receiving the certification..........For Latest Real Estate News and Articles:  http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Articles 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[Harvard Business School plans real-estate Seminar in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/2878</link>
<comments>http://www.newdesignworld.com/press/story/2878</comments>
<pubDate>Tue, 10 Jun 2008 05:23:29 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2878</guid>
<description><![CDATA[Harvard Business School is hosting its first-ever real-estate program in India this summer.The South Asia Real Estate Seminar runs from June 17 to June 20 in Hyderabad and costs just under $7,300. It will focus on South Asian real estate and will feature a lecture by Noel Tata, the managing director of Trent, the company that manages Tata Group's retail store chains in India. John Macomber, a lecturer at the Harvard Business School who is part of the real estate program's faculty, said he expects about 50 people to attend the program.The course is intended for executives with significant real estate experience, but Macomber said it is also geared towards executives who may not have formal training in the sector but are familiar with business in the Middle East and Asia.&quot;This is intended essentially for in-country people to develop management and leadership skills. This is about being in the real estate business in South Asia. ... It's about really being a principal at risk and operator,&quot; he said.     He added that people who attend the program will learn on several levels: They can take a step back from day-to-day business operations and have the opportunity to learn about other people's experiences and reflect on what they can do when they return to their company; they can share some best practices with peers; and they have a chance to learn in a formal setting in an academic framework that they may already know.    The program comes to India at a time when the country's real-estate industry is on the rise. According to a report by Merrill Lynch &amp; Co. Inc. in February 2007, investment in India's real estate sector is expected to jump from $16 billion to $90 billion by 2015. Due to the relaxation of rules on foreign investment by India's government in March 2005, many U.S. companies have pledged or have already invested billions into the Indian real estate market.  According to data collected by the India Brand Equity Foundation from January 2008 to March 2008, direct foreign investment could have a six-fold jump to $30 billion over the next 10 years.The organization, which is a public-private partnership between the Ministry of Commerce and Industry, Government of India, and the Confederation of Indian Industry, found information that showed real estate is one of the &quot;most appealing investment areas for domestic as well as foreign investors.&quot; .........For Latest Real Estate News:  http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Hyderabad sees phenomenal vertical growth]]></title>
<link>http://www.newdesignworld.com/press/story/2868</link>
<comments>http://www.newdesignworld.com/press/story/2868</comments>
<pubDate>Mon, 09 Jun 2008 07:50:11 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2868</guid>
<description><![CDATA[The skyline of Hyderabad is set to change forever. The city is on the threshold of witnessing a phenomenal vertical growth with sprouting high rises.For over two decades, the 16-floor Babu Khan estate in Basheerbagh remained the tallest building in Hyderabad. But now, with real estate prices going up, cost effective taller buildings are in. That might change Hyderabad's skyline forever. In fact, the city of the Nizams will soon boast of the tallest structures that India has ever seen. APIIC and Lanco are constructing two mammoth structures of over 400 metres.There is a need within the government and outside the government for high rise development,&quot; said Pochendar Shenigarapu, CEO, Lanco Hills.The state has set up a skyscraper zone in Manchirevula, a suburb in Hyderabad, which has a minimum construction limit of 30 floors. The government has also streamlined approvals and removed height barriers.As long as the structure is outside the flying zone, it has got the clearance from AAI; there should not be any limitation in terms of the numbers of floors or height to which it is constructed,? said KS Jawahar Reddy, Vice Chairman, Huda.Over two dozen buildings of over 100 metres or 30 floors are coming up across the city. Sources say atleast 30 construction companies, including builders from other states, are keen on taking up projects in the city...........                       For Latest Real Estate News:  http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News 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[Hyderabad turns hot destination for global realty players]]></title>
<link>http://www.newdesignworld.com/press/story/2856</link>
<comments>http://www.newdesignworld.com/press/story/2856</comments>
<pubDate>Sat, 07 Jun 2008 08:43:21 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2856</guid>
<description><![CDATA[Hyderabad has yet another first to its credit. The city has become the first and favourite destination for several international players interested in real estate business to foray into Indian real estate market.Over the last 12 to 18 months, the city has attracted biggies like Sunway Berhad, Malaysia, ACI Real Estate - an affiliate of German investment company Alternative Capital Invest GmbH, Property and Building Corporation (PBC), Electra Real Estate from Israel and the list goes on. The internationally acclaimed players have chosen Hyderabad as their gateway to explore the real estate business in the country. They either forged alliance with a local partner, or appointed franchisees to make a beginning.Murali Krishna Reddy, chairman of the Hyderabad-based MAK group said, international players see lot of opportunities in India. They chose Hyderabad over other cities for their entry as the city is the most happening place with multi lingual, cultural population. The city is also receptive to new ideas. Foreign players look at Hyderabad as a good testing ground. They feel that whatever succeeds here will succeed in other metros as well. Also the government is very proactive, he added.His group recently saw investment coming from Sunway Berhad, Malaysia. The foreign company has formed a SPV with MAK Builders, part of the MAK group to develop a Rs 350 crore integrated township project in Hyderabad. It holds about 60% equity in the SPV and would be pumping in $5 million into the project as FDI. The project would have 2 million sq ft of residential space besides some retail and commercial space and a hotel.Tishman Speyer, a New York-based closely held real-estate developer and operator also joined hands with ICICI Venture, a private-equity firm of ICICI Bank of India to float TSI Ventures- India's first fully integrated real estate investment, management and operating company. The mission of the joint venture is to redefine the Indian real estate portfolio and development industry landscape. The first two projects of the JV is coming up in Hyderabad. The first one is a 400-acre integrated township at Tellapur with an outlay of $2 billion. The township would encompass 30 million sq ft of mixed-use development including residential, commercial, retail as well as civic amenities. And the next project is a world class office facility at Gachibowli in the city where Nagarjuna Construction Company is also participating with a minority stake...........For Latest Real Estate News:  http://www.maaproperties.c