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<title>Press Release / varma / Voted Press News</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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<title><![CDATA[Cement industry set to take a big hit]]></title>
<link>http://www.newdesignworld.com/press/story/5827</link>
<comments>http://www.newdesignworld.com/press/story/5827</comments>
<pubDate>Tue, 25 Nov 2008 07:03:59 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5827</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- India's cement industry, which rode on a building boom to become the world's second largest cement manufacturer after China with an installed capacity of more than 200 million tonnes (mt), is all set to take big hits. A sharp slowdown in real estate as well as capital-starved infrastructure sectors coupled with a broad economic downturn will see the industry face considerable pressure on profitability just as new capacity starts kicking in, say industry watchers. India's cement industry has 132 large plants and 365 small plants with a cumulative installed capacity of 204mt at the end of August.The main Indian manufacturers in terms of capacity are ACC Ltd, UltraTech Cement Ltd, Ambuja Cements Ltd, Grasim Industries Ltd, Binani Cement Ltd, India Cements Ltd and JK Cement Ltd. In addition, several international cement manufacturers such as France's Lafarge, Switzerland's Holcim Ltd, Italy's Italcementi and Germany's Heidelberg Cement AG now hold at least a quarter of the total Indian cement manufacturing capacity. The industry's capacity utilization for second quarter ended September has declined to 82%, a four-year low, largely because 31mt of capacity was added in the past year, according to Jinesh Gandhi, an analyst with Motilal Oswal Securities Ltd.If the industry sticks to its announced expansion, he sees some 120mt of capacity coming online over two-three years in addition to several companies modernizing their plans. Gandhi predicts capacity utilization for the year ending March will be at around 87% down from an optimum level of around 95% in the year-ago quarter ended March. He also estimates capacity utilization to fall sharply to 74% in 2009-10. &quot;We believe that cement prices would come under pressure from second quarter of next fiscal, as the full impact of new capacity additions are felt,&quot; said Gandhi. Companies are starting to flag this issue. UltraTech Cement, while announcing September quarter results on 18 October, said, &quot;The likely commissioning of around 90mt capacity in a phased manner over the next three years could lead to a surplus scenario by 2009 resulting in pressure on earnings, sales realization and margins. All these pose a challenge to the cement industry.&quot;Emkay Global Financial Services Ltd,another Mumbai-based equity research firm, which covers nine Indian cement companies that together control 65% of the industry's installed capacity, maintains a &quot;negative&quot; view on the sector after reviewing their performance through September. The companies under Emkay's coverage include ACC, Ambuja Cements, Grasim Industries, UltraTech, India Cements, Madras Cements Ltd, Shree Cement Ltd, JK Cement and Orient Paper and Industries Ltd...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Hyderabad Realty in 'freeze' mode]]></title>
<link>http://www.newdesignworld.com/press/story/5582</link>
<comments>http://www.newdesignworld.com/press/story/5582</comments>
<pubDate>Tue, 18 Nov 2008 02:07:10 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5582</guid>
<description><![CDATA[Despite a recent drop in the prices of steel and cement, the construction sector in Hyderabad is facing a major business crunch thanks to the meltdown again. Work on all malls and  residential complexes that were supposed to come up in the city within the next few months has either been slowed down or temporarily stalled. Developers admit that the number of bookings for residential apartments they would get in a month are now stretched over six months. And the malls that are now ready are sporting vacant floors and a4To Let' boards. But it is the under construction buildings of the city that now stand still in time. According to industry insiders these projects will now see a minimum one year delay in their completion. &quot;The two main components of any construction firm is its machinery and manpower.Most firms these days buy very expensive machines which if not put to use regularly incur huge amounts of loss. So just to keep these working, the firms are not putting off any project completely. But yes there has been a tremendous slowdown in their work flow,&quot; says architect Srinivas Murthy. Predictably, the axe has fallen on a large numbers of skilled workers to help developers cut costs. While medium and small sized construction companies have adopted the slowing down process due to the lack of liquidity in the market, the fairly bigger names have opted to accept deferred pay cheques. This arrangement has helped construction firms to retain their employees and also to keep their equipment running consistently so as to avoid major losses. Though developers like Prajay who plan to kickstart three fresh residential projects early next month are confident of finding buyers for all of them, they do not deny that the process this time round is not going to be as smooth as it used to be earlier.&quot;We provide very economical deals and, therefore, do not see any dearth of bookings for our forthcoming projects. But like in previous times when our bookings would be full within a month of announcing the project, this time I think it will take at least six months before that can happen,&quot; says Ravinder Reddy, director (Operations) of Prajay. However, Biswajit Patnaik from the retail division of JLL Meghraj is not sure if buyers at this stage would put in their money on a project that has not taken off yet. &quot;Nobody has surplus cash to invest in something that is in its initial stage. They would rather buy a finished product. So even if there is no steady flow of buyers, there are at least some takers for completed projects. But none for the ones that are still in the drawing board stage,&quot; says Patnaik. This is perhaps also explained in the fact that banks are no longer extending home loans for buildings that are in their initial stages of construction..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Kokapet is the new realty hub of Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/5490</link>
<comments>http://www.newdesignworld.com/press/story/5490</comments>
<pubDate>Fri, 14 Nov 2008 05:40:52 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5490</guid>
<description><![CDATA[Kokapet is now being touted as the city's most attractive real estate location. It is situated in the epicentre of prestigious IT corridor and is also strategically located between Gachibowli and the Greater Hyderabad zone. The realty sector in the city is still vibrant despite the shake-up of economy and many national players are zeroing in on Kokapet. Also, real estate has become the best investment option with the stock market acting erratically and the global economy going for a spin. Dozens of residential and commercial projects are under various stages of construction in Kokapet.It is virtually raining SEZs in the area and big names such as Google, PCS, Cognizant, Tech Mahindra, Cbay, Qualcomm, Sonata, DQ and others have already pitched camp. In the vicinity is Gachibowli and Madhapur where over 200 major corporates are together employing more than 5,00,000 persons. All these factors have spurred construction in Kokapet, which can provide living space to many of these people. The Outer Ring Road is 1.5 km from Kokapet and the metro is around 10 km away. The Shamshabad International Airport is also close enough at 17 km and the Secunderabad Railway station is only 30 km away.There are many good schools and colleges in the region and the Hyderabad University is 8 km away. For entertainment, one can go to Treasure Island (3 km), Ocean Park (2 km ) and the Golconda Resort. Malls and hospitals are also close by. &quot;Kokapet has already been giving rich dividends to investors who came in early,&quot; said Mr Somayajulu, a property analyst. &quot;Investments of Rs 1 lakh have yielded 1,000 per cent returns in a year. But the boom is just about to start.&quot; Land, which was valued at Rs 10,000 per square yard in Kokapet two years ago is now selling at Rs 22,000.Prominent residential projects coming up near Kokapet include Lanco Hills, Aparna Sarovar, Aparna Cyber Commune, Ramky Towers, NCC Urban, Meenakshi Trident Towers, Jain Carlton Creek, Manjeera Diamond Towers, SMR Symphony and Emmaar Boulders Hills. Mantri Developers and Ramky are developing commercial projects, and Ashoka Builders and Meenakshi Infrastructure are developing IT Parks. IT SEZs are being planned by Matyas Properties as also Lanco and Emmaar while Dynamic Constructions, Salarpuria Properties and Jayabheri Properties are developing IT Parks. &quot;Kokapet has emerged as one of the focal points of the area,&quot; said Mr Srinivas, facility manager of Qualcomm India Pvt. Ltd, a leading CDMA technology company. &quot;The demand for residential property will grow further since the staff strength of companies is expected to increase further within five years.&quot;.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Realty blues hit foreign hotel majors' India plans]]></title>
<link>http://www.newdesignworld.com/press/story/5413</link>
<comments>http://www.newdesignworld.com/press/story/5413</comments>
<pubDate>Wed, 12 Nov 2008 02:10:11 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5413</guid>
<description><![CDATA[International hotel chains like Hilton, Accor, Carlson and Starwood are concerned about the viability of their India plans. Many of these hotel chains have tied up with real estate developers like DLF, Emaar MGF, Unitech and Parsvanath to set up five-star hotels. However, fund-starved developers, who are trying to raise money for their core activities like residential and commercial property projects, are understood to have put the hotel ventures on the back burner. A drop in occupancy and room rates, inflow of business travellers and tourists to India have also raised concerns on the viability of these projects, industry sources say.&quot;Out of a total of 1.14 lakh proposed room supply, only 58% or about 66,000 rooms, will actually be developed over the next few years. So, we feel many announced projects may not take off as planned,&quot; said Manav Thadani, MD, HVS International, a hospitality consulting firm. &quot;Now, debt raising is a difficult process,&quot; says Homi Aibara of Aibara Consultants. Lemon Tree Hotels CMD Petu Keswani said: &quot;Only developer-led hotel projects will face a problem as their priorities are different.&quot; However, when contacted by ET, real estate developers insisted that projects were on track.According to the latest HVS report, cities like Bangalore, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune, where massive new room capacities are planned with real estate operators, are seeing trouble. In Bangalore not more than 60% of the new capacity is likely to come up. The same goes with Chennai, Delhi, Hyderabad, Mumbai and Pune. However, cities like Agra, Hyderabad, Jaipur and Mumbai saw a negative growth in room supply in 2007-08 as compared to 2006-07.The last few months have seen a demand-supply mismatch in tier II cities like Bangalore, Pune, Hyderabad and Chennai. Room rates too have fallen steeply in these markets, making it unviable for real estate developers to go ahead with the planned hotel projects. This is happening at a time when there is a severe shortage of branded hotel rooms.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[India gets realty check from Gulf Investors]]></title>
<link>http://www.newdesignworld.com/press/story/5201</link>
<comments>http://www.newdesignworld.com/press/story/5201</comments>
<pubDate>Tue, 04 Nov 2008 06:20:24 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5201</guid>
<description><![CDATA[Despite the current economic downturn, India's real estate is said to be worth about $16 billion and is estimated to post annual growth rate of 30 per cent to reach $60 billion by 2010 according to research outfit a4ityscape Intelligence'. As a consequence a large contingent of regional real estate investors and developers are poised to descend on Cityscape India to further their long term ambitions in the sub-continent.Graham Wood, Exhibition Director for Cityscape India said, &quot;The internal demand for commercial and residential real estate in India is undeniable. The investment climate may be difficult but developers will benefit from lower land prices, lower material and labour costs. Providing that the finance is in place, many developments may be approaching completion after the downturn has bottomed-out.&quot; Dubai-based Limitless is confident about the long term prospects of India's real estate sector.&quot;India is currently facing a shortage of some 21 million homes, and more than 300 million people are expected to migrate to urban areas over the next 20 years. At Cityscape India, we will showcase 11 global projects including Bidadi  our proposed 4,000 hectare mixed-use development near Bangalore which will house around 750,000 people,&quot; said Saeed Ahmed Saeed, CEO of Limitless.In addition Mohamed Binbrek, Group Chief Executive Officer of Dubai Properties recently confirmed that the company hopes to expand its development projects into India. He went to say that whether the scheme would be residential, commercial or mixed-use, the project would be funded by the firm itself. Dubai-based real estate developer Majid Al Futtaim (MAL) has announced it is investigating India a4a market to be in' as a possible region for investment and development.Younis Al Mulla, MAL business development officer, said that the firm was looking to enter a joint venture with a local firm to help it build a mixture of residential and commercial real estate in the country.The investment arm of Ras al-Khaimah also plans a $5 billion business centre at Hyderabad. Ras Al Khaimah Investment Authority (RAKIA), which manages funds of the emirate, part of the United Arab Emirates, said recently it had signed an initial agreement with Andra Pradesh Industrial Infrastructure Corp to set up Hyderabad Economic City, which will offer financial and healthcare services. Indeed demand for affordable housing is an issue that Kumari Selja Minister of State (Independent Charge) for Ministry of Housing and Urban Poverty Alleviation will address during the opening of the Cityscape India Conference.&quot;With 70% of India's 1.2 billion people categorized as lower class, the demand for affordable housing ..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Hyderabad's Richie rich beat the meltdown]]></title>
<link>http://www.newdesignworld.com/press/story/5167</link>
<comments>http://www.newdesignworld.com/press/story/5167</comments>
<pubDate>Mon, 03 Nov 2008 02:31:34 -0500</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5167</guid>
<description><![CDATA[Despite an economic slowdown, the super rich in Hyderabad are buying homes as expensive as Rs 15 crore.In the city of the Nizams, a privileged few live life kingsize. So despite an economic slowdown, job layoffs and a crisis of confidence, ultra luxury homes that cost between Rs 12 and 15 crore each, are finding ready takers.Among the buyers are not just industrialists and IT czars but many traditionally rich people as well like a tobacco farmer from coastal Andhra and another person who runs a chain of educational institutions.&quot;Everyone gets taken care of in the boom period. So during the boom period, these people actually feel left out. They realise that the period of slowdown of economic activity is when they are kings. So they get all the attention. And they are really liking it,&quot; said Amit Bagaria, a real estate consultant.The first of such super luxury projects coming up in Hyderabad is an exclusive gated community of 31 homes, each with a built-up area of 11,800 square feet.Its USP -- it will have no roads and it is the first of its kind car-free locality.&quot;The cars have been put below the podium level and on the podium level is a series of homes that do not have fences. So it is a beautiful community space,&quot; said Andrew Maynard, an architect.Experts say even though the real estate sector is hit badly by the economic slowdown, the ultra premium segment is bucking the trend...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Builders are now focusing in the middle-income group-housing sector]]></title>
<link>http://www.newdesignworld.com/press/story/5158</link>
<comments>http://www.newdesignworld.com/press/story/5158</comments>
<pubDate>Sat, 01 Nov 2008 06:22:37 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5158</guid>
<description><![CDATA[With the slowdown in real estate sector over the last one year, the real estate prices have shown some signs of correction. As there is oversupply in the premium segment of housing sector, builders are now focusing in the middle-income group-housing sector. But, the biggest hurdle in this enterprise is the land prices, which have gone through the roof in the last couple of years. According to a report prepared by real estate consultancy firm DTZ, affordable housing for the middleincome group in the country range between Rs 2,500 per sq ft and Rs 3,000 per sq ft. But as the prevailing land cost of floor surface area of apartments in suburbs are over Rs 2,000 per sq ft, Real estate developers are finding it difficult to build affordable houses for the middle class group.In fact, the cost of land in Delhi is around Rs 6,000 per sq ft. According to an industry source, the cost of construction for an average quality house is in the range between Rs 1,100 per sq ft and Rs 1,500 per sq ft. Besides that, marketing cost is in the range of Rs 150 to Rs 300 per sq ft. Therefore, the minimum cost of an apartment in suburbs of NCR is Rs 3,200 to Rs 3,500 per sq ft. Thus, the report points out that the high land prices in cities are main hurdle to develop affordable house in cities. This has led to a sharp drop in the transactions of land in cities like NCR,Mumbai,Bangalore and Hyderabad The report says that the steep fall in the number of transactions indicates that prices are likely to moderate in near future. Anshul Jain, CEO of DTZ India, says:&quot;Land prices usually lag the real estate cycle.The trend is visible in that while built up property prices have softened over the last few months, land prices have held. However, we anticipate a general softening of land prices in the range of 15% over the next six months.&quot; A survey conducted by DTZ among the realty brokers revealed that more and more land owners, who were earlier unwilling to negotiate on price points are now willing to talk to prospective buyers.The report says that in the next 6-12 months the expectations of both sides would start to converge, thereby resulting in pick up of transactions across major cities. It says these transactions are likely to be executed at price points lower than those observed in 2007. The report says that because of the slowdown in the residential sector in the last one year, Real estate developers have shifted their focus to affordable houses.The economics of these projects, driven by the end-use pricing of their apartment units, dictates the pricing of other inputs including land. It says keeping a fixed finalprice band in mind, the developer/investor works backwards taking into account the construction, marketing and overhead costs and acceptable profit margins. The cost of land is worked then worked backward, which defines the acceptable land price for the buyer. Anything significantly higher than that is not finding many takers in the present market.Even in the commercial land market, the developers are not ready to invest in the costly land. The report said that with the dampening of the expansion plans of many companies, the demand for land for office segment has fallen. A large number of developers who had land designed for IT/ITES use are willing to sell their holdings, while those who had started development on their land parcels are protracting the construction period. This situation is expected to persist, unless the global environment improves in the near future..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Nagarjuna Constructions puts real estate projects on hold]]></title>
<link>http://www.newdesignworld.com/press/story/5121</link>
<comments>http://www.newdesignworld.com/press/story/5121</comments>
<pubDate>Thu, 30 Oct 2008 05:38:27 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5121</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Nagarjuna Construction Co Ltd has clamped down on future real estate projects due to current slowdown in the sector and has tempered its capital expenditure plan for 2008/09, a top official said.The company is also planning to spin off its real estate operations by March 2009 to its subsidiary NCC Urban Infrastructure Ltd, Subba Raju, vice president-finance, told analysts after the company's results late on Monday.&quot;We are not planning any investment in real estate projects. All our real estate projects are fully capitalized,&quot; Raju said. &quot;We have put all other projects on hold. We are not launching them because of adverse market conditions.&quot;NCC Urban, which builds residential and commercial projects, special economic zones and integrated townships, is working on a national games housing project in Jharkhand, one project in Hyderabad and 3-4 small projects in Bangalore, he said.&quot;After 6-9 months we may look at dilution of equity in some of our real estate projects,&quot; he added.Indian real estate firms have put projects on hold as decade-high interest rates and the global financial crisis led to a liquidity crunch and the central bank tightened rules on lending to the sector, deterring financial institutions.Earlier this month, rivals Hindustan Construction Co and IRB Infrastructure also said they slow down their real estate forays, given the weak market situation.Nagarjuna posted a 26 percent rise in net profit to 423 million rupees as revenue rose 57 percent to 10.46 billion rupees for the September-quarter as several projects came on stream and it secured some major building projects, Raju said.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Radha Realty sets new benchmark in ultra luxury living with U31]]></title>
<link>http://www.newdesignworld.com/press/story/5100</link>
<comments>http://www.newdesignworld.com/press/story/5100</comments>
<pubDate>Wed, 29 Oct 2008 06:27:08 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/5100</guid>
<description><![CDATA[With the objective to set a new benchmark in ultra luxury living, Radha Realty, one of the leading real estate developers, today unveiled U31, a never-seen-before single family homes gated community project in Hyderabad. U31 is a fusion of the best of traditional and modern living, a new way of living. Commenting on the project, Mr N Ravindranath Reddy, Managing Director, Radha Realty Corp, said, &quot;it was our vision to create something extraordinary to meet the aspirational needs of the discerning customer that U31 was conceived for. Every component of the project be it the concept, the people, the design, the materials, are meticulously planned and will be executed similarly, in order to ensure that U31 is an ultimate statement of exclusivity that is difficult to replicate.&quot;The 31 limited edition ultra luxury townhouses will be built on a massive 9 acre &quot;green&quot; podium. 19 courtyard houses and 12 pavilion houses will be surrounded by greenery and water streams. Each of these four-storied homes will have a property area of 1250 square yards, built up area of 11,800 square feet, 5 bedrooms, private swimming pool, exotic interiors, a designer home entertainment room, private elevator, 5 car parking spaces (each large enough to park a luxury SUV or minivan), accommodation for up to 8 domestic helpers and a bulk storage garage. The entire garden ground level will be a car free zone - with all vehicular movement restricted to the below podium level thus ensuring a pedestrian friendly community. U31 has many special features for the most special residents the kids. The community also has an indulgence club and a signature day spa. &quot;Located in the heart of the new CBD Kondapur the project offers multiple benefits of convenience, luxury, comfort, health and security, negating the ills of modern living, apart from the biggest USP of - Ultra Exclusivity&quot; added Reddy.Dream Designers U31 is designed by Andrew Maynard world acclaimed architect from Australia  who has designed unique projects in Japan, Australia and UK, apart from Australia. Interestingly, Maynard has used 31 different patterns from Charminar in designing distinct exteriors for the 31 homes. Dilip Chabbria, India's only world renowned luxury product designer, known for custom-designing vehicles for the rich and famous worldwide, has for the first time ever, custom-designed a complete Home Entertainment Room, which is part of each townhouse. The DC-designed hi-tech Home Entertainment Room integrates a home cinema with a video games arcade. Blend of Traditional and Contemporary.The project is a perfect symbol of synergizing the best from traditional homes with the best of today's contemporary lifestyle, bringing in uniqueness and incremental benefits to the look, feel and utility value of the homes. &quot;The houses are based on 7th century vaastu homes with a central courtyard. The master plan of the entire community is based on factors such as climatology, topography, views, and locale. All facilities, amenities and the design are centered on the basic principles of family and community living. Bringing back the joys of growing up seen only in yesteryears, U31 has treasure hunt trails, secret hideouts, hopscotch courts in the midst of eco-friendly surroundings&quot; said, Mr Amit Bagaria, Chairman, Asipac Group. Additionally, the architecture is a perfect fusion of historical and contemporary design, keeping in mind the city's rich cultural heritage without compromising on the modern lifestyle of the residents, and the master plan has derived its inspiration from pedestrian friendly cities like Rome &amp; Edinburgh.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Tatas to set up first defence aerospace hub near Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/4824</link>
<comments>http://www.newdesignworld.com/press/story/4824</comments>
<pubDate>Fri, 17 Oct 2008 05:02:02 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4824</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- The Tatas are proposing to set up the country's first defence and civil aerospace hub at Aadibhatla, near Hyderabad. Speaking during the inauguration of the India Aviation-2008 at the Begumpet Airport on Wednesday, Chief Minister Y S Rajasekhara Reddy said the Tata Group's Tata Advance Systems would invest Rs 500 crore in the proposed special economic zone to set up the aerospace hub to manufacture radar and satellite systems. The AP Government would provide 50 acres of land to the Tatas at the SEZ near the hardware park to set up the aerospace hub.The Tata's aerospace hub is over and above the Lepakshi Aerospace Station and Academy that may also come at Chilamatur in Anantapur district. Besides, the Lepakshi Aerospace Station and Academy will also come up at Chilamattur in Anantapur district for design, manufacture and maintenance of military and civil space vehicles. Besides several small business jets by Dassault, Bombardier and other companies, an Airbus 319 acquired by Air India landed at the airport during the country's first-ever international aviation exhibition and air show. The Airbus 319 would be inducted into the Air India fleet. Airbus, Boeing, Hindavia, Jeppesen, Bell Helicopter are also participating in the show. The much-awaited Airbus A 380 would land at 12 noon on Thursday.Inaugurating the exhibition, Civil Aviation Minister Praful Patel said the aviation industry in the country was in the midst of a crisis but the Government was doing all it could to help them out. &quot;It is a tough time for the entire industry worldwide,&quot; he said. &quot;We have set the ball rolling for the development of the Indian aviation sector. We are also committed to making aviation safer and cleaner with the co-operation of other countries like the US,&quot; he said. &quot;Indian aviation is here to stay.&quot; Patel said to develop the sector in the country, about 400 old and unused airports would be made operational in a phased manner. for latest updates visit http://www.maaproperties.com<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[AP gets Re 1 trillion domestic investment]]></title>
<link>http://www.newdesignworld.com/press/story/4823</link>
<comments>http://www.newdesignworld.com/press/story/4823</comments>
<pubDate>Fri, 17 Oct 2008 04:59:26 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4823</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Andhra Pradesh and West Bengal have emerged as the country's top two investment destinations for domestic private sector firms. The southern state is the only one to have attracted capital expansion (capex) plan commitments in excess of Rs 1 trillion in the first half of 2008.Andhra Pradesh which attracted Rs 1,08,559 crore investment is followed by West Bengal with over Rs 93,000 crore during the same period, according to a survey by industry chamber Assocham. The figures are for the period before the Tatas pulled out their ambitious Rs 1,500-crore Nano car project from the state. In its study titled 'Regional Investment Ann-ouncements', Assocham said the eastern region came on the top for attracting private sector investment announcements, followed by southern and western regions.  &quot;One-time vibrant northern India for investors has slipped to a poor position number four in terms of luring investments by the private players,&quot; it said. The central region, comprising Madhya Pradesh and Chhattisgarh, was ranked last with the minimum share of 8.87 per cent in the total investment announcements.  The western region ranked third and Rajasthan (Rs 80,776 crore) outpaced Maharashtra (Rs 65,632 crore). Northern states attracted investments to the tune of Rs 123,905 crore. Haryana and the NCR grabbed Rs 50,595 crore and Rs 38,237 crore.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[R-Infra plans Rs 2,500-cr debt mop-up]]></title>
<link>http://www.newdesignworld.com/press/story/4761</link>
<comments>http://www.newdesignworld.com/press/story/4761</comments>
<pubDate>Wed, 15 Oct 2008 03:20:35 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4761</guid>
<description><![CDATA[Anil Ambani-controlled Reliance Infrastructure (R-Infra) plans to raise Rs 2,500 crore as loan in this financial year for a real estate project in Hyderabad, a railway line linking Delhi airport and the city and for road projects across the country.The company is in talks with a slew of banks, including IDBI Bank, IIFCL and Axis Bank, for raising the fund at a time when credit crunch has put pressure on interest rates.&quot;The company has a healthy balance sheet with a cash reserve of Rs 10,000 crore, which could help raise 80 per cent of the debt for projects at the special purpose vehicle (SPV) level. Considering the situation, the interest would be slightly higher for the loan, but for us, it is not the concern. Our focus is to execute projects before the time,&quot; Lalit Jalan, the chief executive officer and director of R-Infra, told Business Standard.The company plans to achieve financial closure for its Delhi airport rail-link project and the Hyderabad trade tower project before December this year, while the Parbati-Koldam transmission project will take three months for tying up funds.The company, formerly known as Reliance Energy, requires Rs 30,000 crore in the next five years for execution of its ongoing projects.R-Infra's nine projects, including roads, a metro rail and real estate projects, will require Rs 16,000 crore, while power transmission and engineering, procurement and construction (EPC) projects will need Rs 9,000 crore. Power distribution projects will require about Rs 5,000 crore, said Jalan.R-Infra has Rs 5,400 crore in debt at present, including external commercial borrowings (ECBs) of Rs 3,500 crore.The company has invested Rs 5,000 crore of its.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Realty market set to bounce back]]></title>
<link>http://www.newdesignworld.com/press/story/4679</link>
<comments>http://www.newdesignworld.com/press/story/4679</comments>
<pubDate>Sat, 11 Oct 2008 05:15:24 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4679</guid>
<description><![CDATA[The liberalised economy and a robust demand for real estate across sectors are key factors that will make the market more reliable for investments in future, says Prabhakar Sinha.The slowdown in the real estate sector will not last long. Cushman &amp; Wakefield's Real Estate Investment report for 2008,The Metamorphosis, points out that in the long-term perspective, strong demand for real estate will remain intact in India.The report says that the pan-India demand for real estate across office, retail, residential and hospitality sectors, is expected to cross 1,000 million sqft by 2012. A major portion of the demand, at around 876 million sqft, however, will come from the seven major cities (as shown in the chart). A dynamic workforce, liberalised economy, and a robust demand for real estate across sectors, are some key factors that will make the market in the coming times more reliable for investments, especially in the real estate sector, the report says. For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/8-3-318/11/3, Plot No. 3JP Nagar, Yellareddy GudaHyderabadAndhra PradeshIndiaseo@maaproperties.comhttp://www.maaproperties.com04066620005maaproperty@gmail.com<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Different lines of thoughts over metro funding model]]></title>
<link>http://www.newdesignworld.com/press/story/4598</link>
<comments>http://www.newdesignworld.com/press/story/4598</comments>
<pubDate>Wed, 08 Oct 2008 04:23:50 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>Marketing</category>
<guid>http://www.newdesignworld.com/press/story/4598</guid>
<description><![CDATA[With an investment to the tune of $13.5 billion required for the future metro projects in the country, the issue of funding model for projects needs a closer look, especially in the context of non-allocation of funds for such projects by the government and the recent criticism of private-public partnership (PPP) model used in the Hyderabad metro by DMRC chief E Sreedharan. &quot;The 11th Five Year Plan does not have any allocation for the metro projects. Projects need to be taken up on PPP model to fund infrastructure growth in the country,&quot; said Gajendra Haldia, principal advisor (Infrastructure), Planning Commission.In this context, the three projects currently underway in the country display distinct models on which the upcoming metro projects could be funded in Ahmedabad, Chandigarh and Pune. The Delhi Metro, which has shown extraordinary feats in project management and efficiency, has been funded solely by the government in cooperation with Japan Bank for International Corporation. The Rs 12,000 crore Hyderabad metro has just been awarded to a consortium led by Maytas Infrastructure on PPP basis. Similar is the case with Mumbai Metro, the first phase of which is being developed by Mumbai Metro One, a joint venture company between Reliance Infrastructure, Mumbai Metropolitan Region Development Authority (MMRDA) and France-based Veolia Transport at an investment of Rs 2,300 crore........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Reliance Infra plans to raise funds in phases]]></title>
<link>http://www.newdesignworld.com/press/story/4544</link>
<comments>http://www.newdesignworld.com/press/story/4544</comments>
<pubDate>Mon, 06 Oct 2008 05:34:25 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4544</guid>
<description><![CDATA[In a tight credit market where real estate developers are scurrying for funds to launch their projects on time, Reliance Infrastructure Ltd plans to raise funds in multiple rounds for its 100-storeyed trade tower and business district project on the outskirts of Hyderabad. A new player in real estate, Reliance Infrastructure, part of the Reliance-Anil Dhirubhai Ambani Group, needs about Rs4,000 crore in the first phase to pull off a large part of the project, which will be executed at a cumulative cost of Rs8,000 crore in the next three-five years.&quot;We will have to raise the money in two-three phases from banks, though we intend to develop the project in one go,&quot; said a senior official of Reliance Infrastructure in charge of the Hyderabad project, who is not authorized to speak to the press. Last November, Reliance Infra, which is a two-thirds partner in the project that is to be implemented through a special purpose vehicle (SPV), won the bid. The other stakeholders in the venture are Bangalore-based Sobha Developers Ltd (technical partners) and Andhra Pradesh Industrial Development Corp.with 23% and 11% stake, respectively. The project is the business group's first venture into the real estate, with the second being a mixed-use project planned on about 220 acres, which it got by winning the contract to build a metro rail line between the New Delhi railway station and the international airport. Considering the current market downturn, the SPV has decided to lease, rather than sell, the tower, which will be the central attraction in the 77-acre project. &quot;Leasing out space is much more flexible when property prices are on a downward slope and you don't relinquish ownership rights. However, we will lease out the space in phases in the next few years,&quot; said the same official. With capital values per square foot touching Rs6,000, building residences in the tower has been ruled out. Hospitality and commercial office space will be built instead. Construction costs will also double from the 60th floor upwards. These will be resistant to high wind velocity. Superior quality of steel is required to construct such buildings.However, 10 months after winning the bid, construction is yet to start and the project is still at the planning stage finalizing the design and appointing project consultants. There is no hint at when construction will take off. An August office space report by Cushman and Wakefield Inc., a property advisory firm, said Hyderabad witnessed fresh office space supply of 755,000 sq. ft in the second quarter, about 12.5% of the expected 6 million sq. ft supply this year.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Different lines of thoughts over metro funding model]]></title>
<link>http://www.newdesignworld.com/press/story/4521</link>
<comments>http://www.newdesignworld.com/press/story/4521</comments>
<pubDate>Sat, 04 Oct 2008 07:20:55 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4521</guid>
<description><![CDATA[With an investment to the tune of $13.5 billion required for the future metro projects in the country, the issue of funding model for projects needs a closer look, especially in the context of non-allocation of funds for such projects by the government and the recent criticism of private-public partnership (PPP) model used in the Hyderabad metro by DMRC chief E Sreedharan. &quot;The 11th Five Year Plan does not have any allocation for the metro projects. Projects need to be taken up on PPP model to fund infrastructure growth in the country,&quot; said Gajendra Haldia, principal advisor (Infrastructure), Planning Commission.In this context, the three projects currently underway in the country display distinct models on which the upcoming metro projects could be funded in Ahmedabad, Chandigarh and Pune. The Delhi Metro, which has shown extraordinary feats in project management and efficiency, has been funded solely by the government in cooperation with Japan Bank for International Corporation. The Rs 12,000 crore Hyderabad metro has just been awarded to a consortium led by Maytas Infrastructure on PPP basis. Similar is the case with Mumbai Metro, the first phase of which is being developed by Mumbai Metro One, a joint venture company between Reliance Infrastructure, Mumbai Metropolitan Region Development Authority (MMRDA) and France-based Veolia Transport at an investment of Rs 2,300 crore.Explaining the model of the Hyderabad metro, N V S Reddy, managing director, Hyderabad Metro Rail Ltd, said, &quot;The project based on build operate and transfer basis will be developed by Maytas Infrastructure for a concession period of 30 years. We have got Rs 30,000 crore from the concessionaire in lieu of the 269 acres of land leased to the concessionaire to develop properties around 33 railway stations and three depos. The investment in real estate is beyond the project cost and will be funded solely by the developer.&quot; &quot;In case of the Hyderabad metro project, the concessionaire will have to pay all the taxes, interest and dividend unlike the Delhi Metro. The operational losses will also have to be met by the concessionaire. The Delhi Metro pays an interest of 1.5% on the total loan worth Rs 10,000 crore for a period of thirty years. Also, it is not liable to pay Customs as well as Excise duty,&quot; said Haldia. The Planning Commission also feels that the model of Hyderabad metro scores over the Delhi metro in various........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[QVC Realty to raise funds for expansion in south India]]></title>
<link>http://www.newdesignworld.com/press/story/4345</link>
<comments>http://www.newdesignworld.com/press/story/4345</comments>
<pubDate>Fri, 26 Sep 2008 03:23:08 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4345</guid>
<description><![CDATA[Real estate developer QVC Realty plans to raise Rs 600 crore in 2009 through a mix of equity and debt, primarily to buy large tracts of land in the south, especially closer to the new airports in Hyderabad and Bangalore.According to a senior official of the IL&amp;FS backed QVC, it plans to use a portion of the funds, Rs 200 crore, for the development of its Rs 2,000 crore township project in Gurgaon. Delhi-based Uppal Group is a partner in this project. &quot;We will need funds to acquire land in the southern metros. We propose to acquire about 100 acres each in Bangalore and Hyderabad, close to the new airports in these cities, because we believe that both cities will grow in the direction of the airports. We will require funds to develop current projects,&quot; said QVC's promoter Prakash Gurbaxani.According to Mr Gurbaxani, IL&amp;FS is likely to invest up to Rs 400 crore in the company giving it the option to raise debt or bring on board a strategic investor into the SPV implementing the Gurgaon township. IL&amp;FS has already invested $100 million into QVC in April, 2007. QVC Realty, has six projects under various stages of development: integrated township projects in Gurgaon and Pune, apart from stand alone developments in Pune, Bangalore and Chikmagalur in Karnataka totalling about 20 million sq ft. The company has also partnered with Bangalore's Sobha Developers and New Delhi's Chintels India for its second township project in Gurgaon. The company formally launched its Rs 150 crore Bangalore residential project - QVC Hills. It will construct 100 premium villas, priced upwards of Rs 5,500 per sq ft, on a 26-acre plot located in close proximity to the Devanahalli airport. Plans include developing an additional 50 acres in the coming years, investing additional Rs 250 crore, Mr Gurbaxani said. .......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Real estate firms shun leasing, prefer to sell]]></title>
<link>http://www.newdesignworld.com/press/story/4292</link>
<comments>http://www.newdesignworld.com/press/story/4292</comments>
<pubDate>Wed, 24 Sep 2008 07:30:07 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4292</guid>
<description><![CDATA[Reputed real estate developers in Mumbai and many parts of the country have started selling their commercial real estate which includes office, retail and hotels, rather than leasing them out.The developers are ready to sell properties at a rate which is seen attractive by the buyers today. The appetite is to purchase, build and sell off projects, with the prospect of gaining immediate returns, according to experts.Raheja Corporation, which has huge office spaces in multiple projects spread across Pune, Hyderabad and Navi Mumbai, have started selling their office spaces. Not only that, various other subsidiaries of the Raheja Group have actually started the process of selling their office spaces across the country, including Mumbai, according to a company source. Indiabulls Real Estate has recently started selling their office spaces based in Tulsi Pipe Road, Jupiter Mills and Elphinstone Mills. According to sources, &quot;Indiabulls Center, which was leasing out office spaces, has now started the process of selling the office space completely.&quot; Ashok Piramal group's realty company Peninsula Land Ltd (PLL), which is developing commercial buildings in Ashok Gardens - a premium residential project comprising 2-, 3-, 4- and 5-bhk (bedroom, hall, kitchen) apartments located at upper Parel in Mumbai - is selling off the commercial building instead of leasing the property. Peninsula Land, which had sold off 5 lakh sq ft of Dawn Mills, is now in the process of selling complete 19 lakh sq ft. Realty major, DLF too is in the process of selling a part of its big commercial establishments instead of leasing. Competitor, Hiranandani Constructions is understood to have not entered into a single land deal since the past few months. Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, has cited various reasons behind developers wanting to sell properties instead of leasing them. He said, &quot;There are owner occupiers wanting to take the benefit increasingly of the properties on lease and wanting to buy. The lease rates are still high while there has been softening of the sale price and the builders need some cash flow.&quot; When contacted, Sanjay Dutt, MD, Cushman &amp; Wakefield said, &quot;Today, real estate developers are willing to enter only those projects which can be purchased, built and sold off quickly and make money. Developers have started believing in futuristic games. Real estate market is here to continue very strongly in the long term. Real estate developers should also ensure to take steps........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=ArticlesAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Maytas Metro signs concession agreement with Govt of AP]]></title>
<link>http://www.newdesignworld.com/press/story/4195</link>
<comments>http://www.newdesignworld.com/press/story/4195</comments>
<pubDate>Sat, 20 Sep 2008 03:41:31 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4195</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Maytas Metro Limited, the Special Project Vehicle floated by Maytas Infra for Hyderabad Metro project, represented by Mr. B Teja Raju, Vice Chairman, Maytas Infra, today signed the Concession Agreement with Hyderabad Metro Rail Limited, Government of Andhra Pradesh represented by CVSK Sarma.The GoAP has awarded the Concession to the Consortium for undertaking the development of Hyderabad Metro Rail Project (MRTS) on Design, Build, Finance, Operate and Transfer (DBFOT) basis in the presence of Honourable Chief Minister of Andhra Pradesh, Dr Y S Rajasekhara Reddy. Maytas Infra Limited would be executing this project in a Consortium comprising Navabharat Ventures Limited, Ital Thai Development Public Company Limited and Infrastructure Leasing and Financial Services Limited (a4NMII Consortium').The project cost as per Government of AP (GoAP) estimate is around Rs. 12,000 crores and will comprise 3 lines totaling 71km - Line 1: Miyapur to L.B. Nagar, approx length being 30 Km which will have 28 stations along the route; Line 2: Jubiliee Bus Station to Falaknuma, approx length of 15 Km with 15 stations along the route; Line 3: Nagole to Shilparamam, approx length being 26 Km with 23 stations. Additionally, GoAP is also providing development rights to the Consortium for 18.5 million sq. ft. Commenting on the development, Mr. Mohan Gurunath, CEO, Maytas Infra Assets Limited said, &quot;We are very proud to be working on one of the biggest projects in the country.Hyderabad Metro will be a world-class project, and will have a widespread impact on the city's landscape and business scenario. Now with the Concession Agreement being signed, Maytas Infra along with the Consortium partners will be gearing up to execute the project on schedule and with high standards of safety and environmental norms.&quot; The Consortium will be paying an amount to GoAP, which has a net present value equal to Rs. 1240 crores over a 34 year period - based on a discount rate used by GoAP of 13.5%. The Concession Agreement between GoAP and the Consortium is based on an initial Concession Period of 35 years (incl. construction period), and a possible extension in Concession Period of 25 years. As per the draft Concession Agreement, the project has to be constructed over a five and a half year development period. GoAP would subscribe to equity of Rs.250 crores, while various financing options are looked at for the project.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[No realty threat from Lehman crisis]]></title>
<link>http://www.newdesignworld.com/press/story/4172</link>
<comments>http://www.newdesignworld.com/press/story/4172</comments>
<pubDate>Fri, 19 Sep 2008 03:10:35 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4172</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- The dramatic meltdown and subsequent acquisition of Lehman Brothers, the world's fourth largest investment bank, might have left many Indian real estate developers gasping, due to increased dependence on foreign private equity funds. However, major players in Hyderabad are breathing easy. Bharat Infratech, which launched one of India's largest residential projects at Kondapur in June this year with a combined investment of over Rs 400 crore involving a land bank of 500 acres with Lehman Brothers and Tiger Global, is thanking its stars. &quot;Events at Lehman Brothers Holdings will have no bearing on the progress of any of our projects as all of them are already funded and will go ahead as planned. Further, the investments in Bharat are governed by the Indian laws for FDI investment and the lock-in period stipulated therein,&quot; said Srinivas Manda, marketing head. But industry analysts are not too sure; they feel that the company's ambitious plans will be hit. Amongst others who have already received their entire funding is B Seenaiah &amp; Company Projects (BSCPL) that specialises in highway and irrigation projects. The company had raised Rs 152 crore in its second round of funding from private equity firms and strategic investors including Lehman Brothers earlier this year. &quot;We already got the promised amount of Rs 25 crore from Lehman about eight months back so we will not face any trouble,&quot; confirmed director K Thanu Pillai.However, the biggest beneficiary is K P Singh's DLF Assets, India's largest real estate company, which had a lumpsum deal of $200 million (Rs 921 crore) with Lehman Brothers and have already received their payments. DLF is slated to develop villas and township projects in Hydearabad. Many others like A Rami Reddy's infrastructure and realty firm Ramky Group are playing safe, but for different reasons. Company spokesperson D R Patnaik revealed that a few months ago, Lehman had undertaken a due diligence process to pick up around 10 per cent in Ramky Group for $100 million (Rs 407 crore). &quot;Midway through the discussions, we decided not to proceed with it, though we had not really anticipated this current crisis,&quot; adds V V Rao, CFO, Ramky Group. Whatever be the reason the company is now sure it had taken the right decision. Not everyone has been that fortunate.For instance Peninsula Land Ltd (PLL), the realty wing of the Mumbai-based Ashok Piramal Group (APG), which is building a seven million sq ft IT park in Hyderabad on a 30-acre land, might face the music if it does not receive the promised investment amount from Lehman which is due to come in the third quarter this year. Lehman Brothers had picked up a 40 per cent stake in this Rs 125 crore project promising to pump in nearly Rs 50 crore. However the only respite is that most of the money was raised from non-Lehman sources. Incidentally, PLL and Lehman had tied up in a Rs 700-crore joint venture earlier this year to invest in various realty projects, whereby Lehman took up 75 per cent stake. The Hyderabad deal was the first investment in this process.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Dewan Housing arm lines up $250 million real estate fund]]></title>
<link>http://www.newdesignworld.com/press/story/4045</link>
<comments>http://www.newdesignworld.com/press/story/4045</comments>
<pubDate>Fri, 12 Sep 2008 05:50:19 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/4045</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- DHFL Venture Capital, the asset management arm of Dewan Housing Finance Corporation (DHFL), is raising $250 million for its second international realty fund.The fund will close in two tranches, with the first tranche of $100 million expected to close in two months.However, the company has not set any time-frame for raising the entire corpus of the fund.Dewan Housing Finance Chief Financial Officer Prashant Chaturvedi said that the money will be raised from offshore investors. &quot;DHFL will have some share in the fund depending on the what the National Housing Bank permits.&quot; The company had launched its first local fund of Rs 100 crore two years ago with DHFL investing Rs 35 crore while the remaining Rs 65 crore was raised from banks and financial institutions.The money from the local fund has been invested in real estate projects in Hyderabad, Bangalore and Pune.In addition, Dewan Housing Finance, the parent entity, is also looking to raise Rs 150 crore to bolster its operations. The fund-raising may also be in the form of equity dilution. &quot;We are considering various options. We are in talks with potential private equity players and waiting for the markets to stabilise,&quot; Managing Director Kapil Wadhawan told Business Standard. DHFL, which registered a compounded annual growth rate of 35 per cent during the last five years, is hoping to increase its portfolio by over 20 per cent during the current financial year. The slowdown is being attributed to the present economic situation where high interest rates and property valuations are forcing many borrowers to defer purchase of houses.&quot;Over the next two-and-a-half years to three years, we are targettng a balance sheet size of Rs 10,000 crore (compared with Rs 4,500 crore now),&quot; Wadhawan said, adding that the company intends to leverage its existing network and focus on fee-based income.&quot;Companies have seen the cyclical nature of the business. So, they understand the challenges. Those who have deep pockets will continue to operate in the market,&quot; said.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>2 Vote(s) ]]></description>
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<title><![CDATA[PBEL India to build 1200 cr township project in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3908</link>
<comments>http://www.newdesignworld.com/press/story/3908</comments>
<pubDate>Thu, 04 Sep 2008 03:44:58 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3908</guid>
<description><![CDATA[Hyderabad-based real estate developer PBEL India plans to build a township in the city at a cost of Rs 1,200 crore.Christened PBEL City, the township will comprise of 13 residential and two commercial towers. PBEL City, a joint venture between PBC and Electra Real Estate, both from Israel, and Incor from India, will come up in Rajendranagar on the outskirts of Hyderabad. Addressing the media, project executive director Anand Reddy said that PBEL City was the company's first offering in Hyderabad. It has spent about Rs 200 crore on the project for purchasing the land and creating infrastructure.The company will raise the funds from internal sources and through banks. In the first phase, to be completed in 18 months, the project will have 500 units with a built-up area of 1,050-1,600 sft. While the second phase will be ready in 24 months, the third phase will be completed in 36 months. The units will be priced between Rs 40 lakh and Rs 55 lakh each, Reddy said. The company is planning mega projects across the city and in other parts of the country. Over the last couple of months, PBEL had bought about 110 acre worth Rs 500 crore across various cities. Currently, it is focusing on Hyderabad, Chennai and Mysore, and plans to spend about Rs 4,700 crore over the next three years...........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Luxury homes continue to dazzle on robust demand]]></title>
<link>http://www.newdesignworld.com/press/story/3856</link>
<comments>http://www.newdesignworld.com/press/story/3856</comments>
<pubDate>Mon, 01 Sep 2008 08:23:35 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3856</guid>
<description><![CDATA[(NewDesignWorld Press Release Center) -- Even in the midst of low sentiments haunting the real estate sector, there is one segment that is totally unfazed by it all. Luxury homes continue to dazzle in the face of robust demand and keen investor interest in the segment.Royal offerings doled out one after the other by real estate developers show that at least one buyer category has remained as loyal as before, the luxe home buyer.SundayET commissioned a survey to global real estate consultancy Cushman and Wakefield (C&amp;W) to find out some top-of-the-line luxury offerings coming up in the five major cities of Delhi, Mumbai, Bangalore, Hyderabad and Chennai. And here's what we found.While the new luxury apartments in Delhi-NCR were valued at over Rs 10 crore, in Mumbai it easily crossed the 20 crore mark for a 4 BHK. It also found that among the new constructions around the National Capital Region (NCR), properties in Gurgaon commanded a premium, while sea-facing locations in the financial hub attracted the richie rich.Lavelle Road in Central Bangalore was much sought after as a luxury buy. And while Spanish villas in Hyderabad made an opulent statement, it were the spacious independent houses in Chennai that were the new luxury abode. In the survey, we included both projects which have been announced recently or the ones which though announced earlier were only getting ready now.Delhi NCR, in itself has at least seven extremely high-end projects. Top corporate honchos, expatriates and high networth individuals (HNIs) dominate DLF's Magnolias located in DLF Phase V, Gurgaon. The apartments, which will be ready in 1-2 years can go up to a whopping Rs 10 crore with the average size of an apartment at roughly 5,500-10 ,000 sq ft.Attractive rental potential and substantial increase in capital values since 2005, the locational advantage of the golf course and improved connectivity via the operational Delhi-Jaipur 8-lane super expressway are some of the USPs of this project. Says Rajeev Talwar, executive group director, &quot;Luxury apartments are taken up by actual users so demand will always remain.... Anyone who is buying such an apartment does so keeping a variety of factors in mind. Moreover, these are bought by those who have a surplus..........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Greater Hyderabad is India's second largest metropolitan area]]></title>
<link>http://www.newdesignworld.com/press/story/3778</link>
<comments>http://www.newdesignworld.com/press/story/3778</comments>
<pubDate>Wed, 27 Aug 2008 01:51:53 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3778</guid>
<description><![CDATA[Greater Hyderabad, which has become the second largest metropolitan area in India, will be developed as a world-class city and a model metropolis in the countrysaid Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Sunday.He asked officials of the newly constituted Hyderabad Metropolitan Development Authority (HMDA) toensure a scientific and regulated development in the metropolitan region.Last year 12 municipalities and several villages of the five surrounding districts were merged with Hyderabad to make it Greater Hyderabad. HMDA was formally constituted Saturday replacing Hyderabad Urban Development Authority (HUDA).The chief minister Sunday launched HMDA and laid foundation stone for the central office of the new body, which will have jurisdiction over an area of 6,856 square km, making it the second largest metropolitan area in the country after Delhi.The jurisdiction of the earlier body was 2,000 square km. The population coverage has alsoincreased from 6.5 million to 7.8 million.The government issued orders posting Indian Administrative Service officer K.S. Jawahar Reddy as the metropolitan commissioner.The jurisdiction of HMDA covers 54 a4mandals' (administrative blocks) in the five districts. It includes 16 a4mandals' of Hyderabad, 10 of Medak, 22 of Rangareddy, two of Mahbubnagar and four of Nalgonda districts. As many as 849 villages of four districts were merged with Hyderabad.As the city is growing by leaps and bounds thanks to the IT boom of last one decade and consequent economic activity, the government felt the need to merge the surrounding municipalities with the capital region to ensure planned development and provide better infrastructure.The new international airport at Shamshabad, about 30 km from the city, the ongoing world-class 160-km Outer Ring Road (ORR) project, mega townships along the ORR, over 30 IT Special Economic Zones (SEZs), major real estate projects, new campuses of IT and biotechnology majors, metro rail and other infrastructure projects areexpected to give further impetus to the growth.The chief minister asked officials to ensure that there was no deviation from the approved plans for any construction activity. He assured that the government would take all steps to provide better road connectivity, 24-hours water and electricity supply and other infrastructure to all the areas fallingunder metropolitan region.The missions of HMDA include promoting active participation of citizens in the process of planning and implementation of development plans, improve quality of life through planned growth and development and contribute to the creation of a cleaner and greener city.&quot;.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Salarpuria Group investing INR 3,000 crore in across country]]></title>
<link>http://www.newdesignworld.com/press/story/3759</link>
<comments>http://www.newdesignworld.com/press/story/3759</comments>
<pubDate>Mon, 25 Aug 2008 07:05:46 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3759</guid>
<description><![CDATA[It is reported that real estate developer Salarpuria Group plans to invest about INR 3,000 crore in 12th to 14th projects across the country. These will be a mix of residential, commercial, retail and hospitality which are in various stages of implementation, located in Bangalore, Hyderabad, Pune, Kochi, Jaipur, Kolkata and Visakhapatnam.As per the report, Salarpuria group announced the launch of an INR 1,000 crore, 1,672 apartment residential project, Greenage spread over 21 acres on Hosur Road. The first phase of the project will have 800 apartments being built and is expected to be completed in 30 months. Zachariah Consultants are the architects for this project. Amenities offered are helipads, a creche, tea gardens, a retail area that would have a convenience store, beauty salon, 2 theatres and ATMs and a media centre.The company also plans to build malls in Hyderabad and Jaipur and 2 in Bangalore. Besides, 2 hotels one each at Bangalore and Hyderabad are being planned with investment of INR 160 crore in each project.......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Trump launches $1b Indian hedge fund]]></title>
<link>http://www.newdesignworld.com/press/story/3631</link>
<comments>http://www.newdesignworld.com/press/story/3631</comments>
<pubDate>Mon, 18 Aug 2008 04:31:04 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3631</guid>
<description><![CDATA[Trump Organization USA announced plans to launch a $1 billion hedge fund to invest in Indian real estate. Donald Trump Jr.'s interest in the Indian real estate market was sparked in 2007 when he visited the subcontinent for the Cityscape real-estate conference in Mumbai.the son of the brash American real estate tycoon and reality-TV star - appeared at the high-profile Cityscape India 2007 real estate conference in Mumbai to give a speech on the subcontinent's booming property market. Trump, the executive vice president of development and acquisitions at New York-based Trump Organization USA LLC, said India's red-hot economy has fueled demand for more residential development, particularly luxury housing, but also hotels and resorts for the country's flourishing tourism industry. Before he departed, Trump indicated his desire to invest in India's real estate sector, and hinted that he wouldn't wait long to do so. &quot;We feel it is now time to invest in Indian realty projects as the quality has moved up and we see emergence of some high-end developers with a product level that will support our brand,&quot; he said in his speech.It appears that time is now: Trump announced in late July that he intends to set up a hedge fund worth up to $1 billion to invest in Indian real estate. Accordingly, the privately held fund would initially target property in Mumbai and also include an Indian family as investors. Thirty year-old Trump did not give specific details about the fund, such as how he plans to raise the money, or where the first investment would be made. But in an interview with New York-based media company Bloomberg LP, he did say that it would start conservatively and expand as the opportunities presented themselves.&quot;The fund will be for acquisitions of real estate in the high end and across the spectrum,&quot; Trump said. &quot;We'll start it off relatively small and grow it as we get more familiar with the Indian market. Our entry has to be in Mumbai, and that's where everything is going on right now in terms of the high-end real estate. That's the place where one is going to achieve the highest prices per square foot. It sets the tone for all of the other future developments.&quot;Trump eschews investing in India's smaller and less-affluent cities - he stated publicly at Cityscape India 2007 that he has no intention of entering the middle- or low-income segment because &quot;the best is in the high-end sector.&quot; When asked at the conference which cities Trump Organization would consider for business deals, Trump responded, &quot;Certainly, the city I'm standing on (Mumbai), Delhi, Hyderabad and Bangalore, where the IT sector has witnessed a boom.&quot;.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=NewsAt Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[DLF to set up mega agri hub in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3612</link>
<comments>http://www.newdesignworld.com/press/story/3612</comments>
<pubDate>Sat, 16 Aug 2008 06:51:00 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3612</guid>
<description><![CDATA[The state government on Tuesday allotted 24.5 acres of prime land at Moosapet village in Balanagar mandal of RR district to DLF Building India Ltd on a 33-year lease for setting up an integrated mega agriculture hub.The proposed agriculture centre, near Metro Cash and Carry, would generate 20,000 jobs in agriculture-related activities, 20,000 jobs in information technology and related industries, and another 10,000 jobs in retail and service sector, apart from providing 1.5 lakh jobs indirectly by way of permanent or casual employment in trade and agriculture, support services, construction facilities and facility management. The proposed complex would have an agricultural distribution centre, farmer training facility centre, agriculture complex, poultry &amp; dairy input centre, and output storage &amp; marketing centre for agri products.........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Credit Suisse invests $100m in real estate in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3560</link>
<comments>http://www.newdesignworld.com/press/story/3560</comments>
<pubDate>Tue, 12 Aug 2008 06:11:47 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3560</guid>
<description><![CDATA[In one of the largest private equity deals in the real estate sector this year, financial services major Credit Suisse has invested $100 million (about Rs 430 crore) in Hyderabad-based Indu Projects for a minority stake.Indu Projects is a leading name in the construction and real estate sector in Andhra Pradesh in which, about two years ago, Citigroup's private equity arm had invested about $50 million.Since the stock markets went into a tailspin at the beginning of the year with real estate companies among the worst hit deals in the sector have dried up. In this deal, Credit Suisse invested directly in the company, and not through a special purpose vehicle in one or more projects which is more common in this sector now, sources said.Indu Projects, an eight-year-old company, is promoted by Shyam Reddy, who was earlier associated with IVRCL Projects, also a construction and real estate major. Indu Projects is currentlyassociated with, among others, the construction of an IT park in Hyderabad, a real estate project in Pune and also with construction of a Tata Power project.The company also executes government contracts and is planning to foray into power sector in a big way.Sources said this is among a series of investments made by Credit Suisse with the deal team comprised of industry veterans Hemang Raja, Gaurav Kumar, Nikhil Bhatia and Sameer Nair. Avendus was the investment bankers to the transaction. Real estate consultancy major Jones Lang LaSalle are the advisors to the company on its several real estate projects.Industry players said post the recent debacle in the stock market, private equity/venture capital funds evaluating real estate companies for investments are looking at firms with good management, clear land bank, and strong execution and development capabilities. But there are very few companies that make the cut, a person associated with the Credit Suisse-Indu Projects deal said........For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Demand slowdown hits office space market]]></title>
<link>http://www.newdesignworld.com/press/story/3492</link>
<comments>http://www.newdesignworld.com/press/story/3492</comments>
<pubDate>Thu, 07 Aug 2008 05:55:53 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3492</guid>
<description><![CDATA[With companies, particularly in the IT and BPO industry, holding back their expansion plans due to slowdown fears, the commercial real estate market posted a lacklustre show in the second quarter of 2008.The June quarter saw office space demand lagging far behind the supply levels of 18.07 million sq. ft. across major cities, as companies turned cautious. According to Cushman &amp; Wakefield, the demand in the quarter was at 9.74 million sq ft, dominated by absorption (where companies move-in or begin fit-outs) of 6.36 million sq ft, and only 3.38 million sq ft in fresh pre-commitments. &quot;There are certain micro-markets like Noida (NCR), and Rajiv Gandhi Salai (Chennai), which recorded excess supply for this quarter thus increasing the overall vacancy rates,&quot; it said.The second quarter witnessed stable rental values across micro-markets in the major cities with some central business district (CBD) and off-CBD locations witnessing rental hikes of 3-5 per cent over the last quarter. Some peripheral locations in NCR (National Capital Region) and Chennai, however, saw a correction in rentals largely due to excessive supply as well as deferred development plans of various proposed projects.ExceptionsPune was an exception to the stable rentals where all micro markets saw a rise in rental values in the range of 2-7 per cent over the last quarter. Malad in Mumbai recorded the highest quarter-on-quarter rental appreciation at 11 per cent, due to lack of supply of Grade A properties and with most of the new supply already pre-committed. Dalhousie (Kolkata) too witnessed high rental increase of 10 per cent, due to high demand and lack of redevelopment potential or fresh supply.Against a demand of 1.97 million sq ft in Bangalore during the June quarter, the supply stood at 3.11 million sq ft; whereas in Chennai the demand stood at 1.55 million sq ft (supply at 3.80 million sq ft). Hyderabad saw a demand of 0.47 million sq ft (0.75 m sq ft of supply), even as Mumbai logged an office space demand of 1 million sq ft (4.09 million sq ft supply). In NCR, compared to a demand of 3.30 million sq ft, the supply was at 4.34 million sq ft. &quot;There has been a slowdown in the actual transactions witnessed in the second quarter of 2008 owing to a number of factors, primary amongst which is a general slowdown of economy. However, the economic fundamentals of India are strong and we should expect demand pick-up by the fourth quarter of the year,&quot; said Mr Kaustuv Roy, Director, Tenant Strategies &amp; Solutions, India, Cushman &amp; Wakefield. ......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Gayatri Infra gets Rs 200cr funding]]></title>
<link>http://www.newdesignworld.com/press/story/3448</link>
<comments>http://www.newdesignworld.com/press/story/3448</comments>
<pubDate>Tue, 05 Aug 2008 05:20:50 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3448</guid>
<description><![CDATA[Australian firm AMP Capital Investors will be investing Rs 200 crore in Gayatri Infra Ventures Ltd, a fully owned subsidiary of Hyderabad-based infrastructure company Gayatri Projects Limited (GPL).The first instalment of Rs 100 crore will give AMP a 29 per cent stake in GIVL. &quot;We will use it to fund existing projects as well as future bids and concessions undertaken by GIVL,&quot; said Mr T.V. Sanddep Reddy, director, Gayatri Projects.GIVL is a player in the transportation infrastructure sector and is into construction, operation and maintenance of roads, highways, bridges and tunnels. Apart from this, GIVL also wants to make downstream investments in other companies working on similar projects.&quot;We have already invested Rs 125 crore in GIVL,&quot; said Mr Reddy. &quot;AMP would bring in an additional Rs 100 crore. Apart from this, we are planning to invest Rs 400 crore as equity.&quot; He added that AMP would be putting in another Rs100 crore if and when the need arose.  AMP manages funds in excess of $104 billion (Australian Dollars). It will be investing in GIVL from its $750 million Asian Giants Infrastructure Fund meant for projects in India and China......For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Newsvisit present land and plot rates of Hyderabad at http://www.maaproperties.com/Pages/Hydinfolandrates.aspx At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Nizampet becomes residential hub of Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/3432</link>
<comments>http://www.newdesignworld.com/press/story/3432</comments>
<pubDate>Sat, 02 Aug 2008 08:14:59 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/3432</guid>
<description><![CDATA[The Nizampet-Bachupally stretch has become a major residential hub, catering to both rich and middle class sections. The area is strategically located between the National Highway 9 and inner ring road of Hyderabad.Software professionals, businessmen, and government employees have been buying flats and individuals houses in the Nizampet-Bachupally stretch. The major advantage of the area is that it provides connectivity to key spots such as Kukatpally, Hitec city, Gachhibowli, Sanatnagar, Balanagar, Begumpet and Secunderabad. Construction activity has been in full swing in the locality though there is a slowdown in the real estate market otherwise.Major realtors including Maytas Properties, Indu Projects, Landmark Builders, Sri Surya Builders and Developers, Jagadamba Properties and several other such builders have taken up residential projects in the stretch.Flats and individual houses are being sold at rates ranging between Rs 25 lakh and 75 lakh, based on the quality of construction, built up area and other facilities. Matyas is constructing a world class integrated township in 376 acres at Bachupally. &quot;The project offers a range of apartments, villas, bungalows, retail, hospital, entertainment, infrastructure and SEZ, all incorporating the best features,&quot; says Mr Sumith Reddy, head (residential townships) of the company. &quot;It is just a 20-minute drive from Hitech City.&quot;Similarly, Indu Projects is also planning an integrated township in 100 acres at Nizampet Bachupally and Landmark Builders is building 90 flats under its a4Pristine' project. &quot;Most of our buyers are software engineers since Hitech city is nearby,&quot; says Mr Sanjay Kumar, managing director of Landmark Builders. Other builders are trying to attract middle and upper middle class sections by providing flats at affordable rates.&quot;Executives may not get more than Rs 25 lakh as loan from banks and so we have fixed a square feet rate of Rs 2,500,&quot; said Mr B.S.V. Prasada Rao, managing director of Sri Surya Builders and Developers, which has taken up the Sri Suryavijya Icon project in Nizampet.According to Mr Rajesh Agarwal, managing partner of Jagadamba Properties, Nizampet will become more attractive once the Outer Ring Road and metro rail projects are completed.....For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Articlesvisit 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/>4 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 For