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Hyderabad Properties – Latest Real Estate News and Property Market Trends in Hyderabad

Latest Real Estate News on 'Hyderabad'


Rs 100 crore worth prime govt land resumed in Jubilee Hills

Comments Off on Rs 100 crore worth prime govt land resumed in Jubilee Hills   |  March 20, 2014

HYDERABAD: The Hyderabad district administration on Wednesday resumed 3.31 acres of prime government land in Jubilee Hills allotted to Anand Cine Services, an outdoor film unit, as the management failed to utilise it for the purpose it was assigned. The resumed land could be worth nearly Rs 100 crore.

According to revenue records, the Hyderabad district administration had allotted five-acre government land (survey No. 403) on Road No.76, Jubilee Hills in Shaikpet mandal in 2001 for putting up cinema settings and parking area.

The state government had set up the Andhra Pradesh Land Management Authority (APLMA) last year and asked all district collectors to identify parcels of government land allotted to private persons for different reasons and asked them to submit a report on the status of the allotted land.

Accordingly, Hyderabad collector Mukesh Kumar Meena and Shaikpet mandal revenue authorities inspected all the parcels of government land last July and short-listed firms, including Anand Cine Services, which had not utilised the allotted land. The Anand Cine Services land was in the name of former Chennai-based film producer and managing director of Gemini Film Circuit and Anand Cine Services, Akkineni Ravi Shankar Prasad. He had died in a mysterious way last July.

The Hyderabad district administration then served notices on the management of Anand Cine Services asking them reasons for not utilising the government land. Responding to the notices, the firm authorities concerned replied that of five-acre land allotted, only 1.09-acre land was utilised and remaining was vacant. The collector wrote to the Chief Commissioner of Land Administration (CCLA) to resume the vacant government land.

The CCLA after examining the case decided to resume the land and asked the Hyderabad collector to take necessary steps. Based on the CCLA and collector’s instructions, the district revenue authorities had served final notices on Anand Cine Services in January stating that the vacant land would be resumed shortly.

“As per the collector’s instructions, we have resumed the vacant land in possession of Anand Cine Service on Road No. 76, Jubilee Hills in the presence of Shaikpet mandal tehasildar Venkat Reddy and other officials. We have sent photographs pertaining to the land to the CCLA,” tehasildar, Land Protection, Hyderabad Collectorate, R Chandrakala told TOI.

Further to protect the land from land sharks, works for construction of a compound wall has begun on the premises. A signboard has also been put up warning trespassers.

http://timesofindia.indiatimes.com/city/hyderabad/Rs-100-crore-worth-prime-govt-land-resumed-in-Jubilee-Hills/articleshow/32319800.cms



Unauthorized constructions: Deputy commissioner, town planning staff suspended

Comments Off on Unauthorized constructions: Deputy commissioner, town planning staff suspended   |  March 15, 2014

HYDERABAD: Greater Hyderabad Municipal Corporation (GHMC) commissioner Somesh Kumar suspended deputy municipal commissioner, Qutubullapur, V Mamata, assistant city planner M Tulasiram and section officer Sreedhar Goud for failing to take timely action against an unauthorized construction in Qutubullapur.

According to an official release issued here on Monday, suspension orders of the deputy municipal commissioner, the then in-charge assistant city planner (now with Circle 9, Abids) and town planning were issued as they failed to perform their duties in preventing the illegal construction (stilt+ground floor) on plot number 117 & 118 in survey numbers 208, 209, 211 & 212 of Qutubullapur circle as evidenced from the order of the High Court pronounced a week ago.

“The officers have shown negligence and carelessness in performing official duties and exhibited lack of integrity and devotion to duty. The action was taken in public interest pending a detailed enquiry,” the order said. The commissioner asked Mamata to submit a written statement on charges within 10 days.

http://timesofindia.indiatimes.com/city/hyderabad/Unauthorized-constructions-Deputy-commissioner-town-planning-staff-suspended/articleshow/31810491.cms



New capital: Can Naidu play Quli?

Comments Off on New capital: Can Naidu play Quli?   |  March 12, 2014

HYDERABAD: With Telangana now a reality, control over Hyderabad remains the major contentious issue which is as yet unresolved. It is said that the infrastructure required for the new capital of residual Andhra Pradesh will be completed within 3-4 years. If so, then one wonders as to why Hyderabad needs to play host to Andhra administration for the coming decade? The only plausible explanation for this inordinate delay in parting ways stems undoubtedly from the desire to undertake an exhaustive evaluation of the options available before making the crucial move. The initial gloom which this ‘pockmarked dawn’ ushered in for the city, even while the rest of Telangana rejoiced at achieving its long cherished dream of emancipation, has given way to widespread consternation at the prospect of remaining subservient despite such a landmark victory. Being firm believers in the time tested adage of “kar bhala so hoga bhala; unt bhale ka bhala”, the resilient denizens of Hyderabad have taken upon themselves the task of providing all possible assistance in facilitating a swift selection and early shift.

Revisiting Deccan history provides us with some remarkable methods when it comes to choosing the site for a new capital. While mundane aspects like a salubrious climate, the availability of water and ease of access have often been cited by scholars as prime factors contributing to the establishment of settlements, romantics have concocted, nurtured and sustained far more appealing legends in justifying certain otherwise inexplicable selections. Feroz Shah, the Bahmani sultan, is said to have witnessed a fox being chased by a hare in the vicinity of Bidar and considered the spectacle profound enough to order an immediate shift of capital from Gulbarga. Unfortunately, medieval chroniclers are silent as to where the fox fled thereafter; for that bit of information would have proved vital in determining the perfect lair for the present generation of Vulpine to relocate from Hyderabad! However, with such earnest divinations ruled out on grounds of easily being misconstrued as frivolous, one has to seek alternative determinants in the quest for an appropriate location.

The expansion of the Qutub Shahi capital was necessitated because of the extreme congestion within the fortified citadel at Golconda. Mohammed Quli, it is said, chanced upon the perfect spot on the southern bank of the Musi after a chase while out hunting and ‘when the moon was in the constellation of Leo and Jupiter was in his own mansion, the Sultan ordered architects and masons to prepare the plans of a city which would be unequalled any the world over and would be replica of paradise itself’. The new city, with the Charminar establishing its focal point, was laid out on a gridiron plan with the arterial roads forming a giant double cross along which piazzas, palaces, markets and public buildings were laid out to a grand scale with gardens and fountains generously laid out to ensure Hyderabad’s eminence as a beautiful, healthy and efficient city, comparable to the best in the world. Emulating Mohammed Quli in locating and planning the new capital would then be the most appropriate recourse available.

Initiating the selection process, our very own modern day ‘Quli’ – Chandrababu Naidu – can be sent galloping into the Andhra countryside in search of the perfect locale. Eminent professors of Jyotisha and Vaastu at the Telugu University, most appropriately named after that ‘great martyr of Andhra’ Potti Sriramulu, can be tasked to replicate the commendable exploits of Qutub Shahi astrologers. As for a centre-piece to serve the purpose of a pivotal point for the new city; inspired by the Statue of Liberty, people of Hyderabad have resolved to request Naidu to dismantle and cart away the steel monstrosity with pretensions of being a modern day Charminar that he created at Hi-Tec City. This appropriate ‘parting gift’, it is believed, will go a long way in ensuring a true imitation of the ‘replica of heaven on earth’.

For centuries Telangana has been a passionate well-wisher of people from contiguous areas of the erstwhile Madras Presidency. Regular appeals for help, always requested on humanitarian grounds which could neither be ignored nor dodged, so impacted public perceptions in Hyderabad that the people started praying to the Almighty for the wellbeing of their neighbors more fervently than for their own self! “Allah Madras ku accha rakhe” (May God ensure that all is well in Madras), became a common refrain on the lips of every Hyderabadi. Given the recent developments, the ardent prayers have been renewed with a newfound zeal; albeit with Andhra supplanted for Madras.

http://timesofindia.indiatimes.com/city/hyderabad/New-capital-Can-Naidu-play-Quli/articleshow/31694867.cms



Telangana bill impact on Hyderabad realty investment to be minimal: JLL

Comments Off on Telangana bill impact on Hyderabad realty investment to be minimal: JLL   |  February 25, 2014

The passage of contentious Telangana bill in the Lok Sabha may not have much impact on investment sentiment in realty sector across Hyderabad, as the city has already been planned to serve as a joint capital for next 10 years, according to property consultant Jones Lang LaSalle.

“The Bill is being viewed with mixed feelings by various stakeholders, but it is still too early to gauge its impacts on the real estate industry. That said, it is likely to end the political uncertainty that Hyderabad has been facing for the past few years.

“The outcomes are still unclear, but Brand Hyderabad is not likely to be overly affected as it is planned to serve as a joint capital for 100 years,” said Sandip Patnaik, JLL Managing Director, Hyderabad.

He further said the city has state-of-the-art infrastructure and is the most developed ones in Andhra Pradesh.

“Therefore, it will continue to retain its relevance and pre-eminence going forward. Over the next 6-9 months, the overall business sentiments in the city are likely to remain stable. Investors may find this period favourable, as property valuations are low and there is still potential to capitalise on this,” he said.

This period is also likely to offer best deals for genuine home buyers, as home prices will remain stable for at least the next 6-9 months.

As a result, residential sales are expected to rise in the city. Similarly, office space occupiers are expected to regain their confidence for business continuity in Hyderabad – a factor that was being negatively affected by the previous agitations. Even leasing activity will improve now, and new occupiers will be attracted to the city.

“Overall, Hyderabad city has immense growth potential and will definitely get back into growth trajectory once thingsstabilise,” Patnaik said.

Meanwhile, the formation of the new capital for the Andhra Pradesh (Seemandhra region) is likely to bring in new real estate opportunities in terms of the development of the new capital, which will witness immense infrastructural and real estate growth.

“However, these developments will depend largely on the support of policies and the leadership that will implement them,” he said.

Other key cites of Andhra Pradesh – Vijayawada, Visakhapatnam, Guntur, Nellore, Ongole and Tirupathi – are also likely to witness increases in property prices going forward. As these cities are in the running for the new capital, they may witness increased speculation, Patnaik added.

On Tuesday, Lok Sabha passed the historic bill to carve Telangana out of Andhra Pradesh amid din and strong protests by members from Seemandhra region opposing the division of the state.

The Andhra Pradesh Reorganisation Bill, 2014, which has been hanging fire for long, was adopted by voice vote along with 38 official amendments.

http://www.financialexpress.com/news/telangana-bill-impact-on-hyderabad-realty-investment-to-be-minimal-jll/1227788/0



St Mary’s Road biz owners set to lose property again

Comments Off on St Mary’s Road biz owners set to lose property again   |  February 19, 2014

HYDERABAD: Forcible land acquisition has returned to haunt property owners on St Mary’s Road in Secunderabad, who are likely to face the bulldozers for the second time in less than eight years. Incidentally, a sweet shop owner had committed suicide after the lost his only means of livelihood in the first round of acquisition.

The arterial road from Secunderabad railway station to Clock Tower was expanded in 2005 by acquiring the properties from 70 owners so that it could be widened from 60 feet to 120 feet. This time, the acquisition is because the metro rail corridor II (JBS-Falaknuma) passes through this road. The Greater Hyderabad Municipal Corporation (GHMC) has already begun serving notices to the property owners even as the latter are protesting the forcible acquisition.

The owners said when the erstwhile Municipal Corporation of Hyderabad (MCH) proposed to widen the road in 2003, nearly 70 properties, including 40 opposite Manohar theatre, were set to be affected. Since many small property owners, especially the 40 located between the main road and the parallel Turner’s street, were set to lose their livelihood, they agitated for over a year demanding reducing the proposed width of the road. Finally, the civic body reduced the width to 100 feet, leaving small portions for the owners to run their businesses.

Now, the land acquisition wing of the Hyderabad Metro Rail has slapped notices to acquire the properties, including those belonging to the endowments department. “The town planning wing is acquiring properties only on one side of the road i.e. the stretch opposite Manohar theatre. But it is leaving the big properties on the other side of the road and on Turner’s street untouched. A famous hotel near the railway station, which was in the land acquisition proposal in 2005, still remains untouchedWhatever land was left in the previous acquisition is being taken over now,” St Mary’s Road and Regimenal Bazaar Residential Shop Owners’ Association vice-president, Anand Kumar Dhull, told TOI.

The owners alleged that the corporation has cheated them by renewing the road development plan to 120 feet. “Apart from losing precious land in the earlier acquisition, we had spent huge amounts in 2006 for renovation and reconstruction. Some owners have asked for rehabilitation as they may lose their entire shop, but that is not being considered by the authorities,” Perigrine Emanuel, treasurer of the association and owner of the famous Emanuel Studio, said.

When contacted, assistant city planner (Secunderabad), G Ramchander, said the road would be widened for the second time as per the master plan, which specifies it to be 120 feet. He said the widening was not completed the last time on the request of the property owners. “Now, the widening is imminent for the metro rail project. It is not correct to state that properties are being acquired only on one side. The properties (Manohar theatre lane) were also acquired and they reconstructed leaving the required space,” he said.

http://timesofindia.indiatimes.com/city/hyderabad/St-Marys-Road-biz-owners-set-to-lose-property-again/articleshow/30534054.cms



Secunderabad Cantonment Board to soon have mixed land use zones

Comments Off on Secunderabad Cantonment Board to soon have mixed land use zones   |  February 4, 2014

HYDERABAD: The Secunderabad Cantonment area may soon have mixed land use zones for the overall development of its civilian areas. This is being proposed as part of the master plan for the area to be implemented between 2014 and 2021 and it will allow usage of land for all purposes like residential, commercial and recreational.

As of now, there is no master plan for the Secunderabad Cantonment area and the civilian areas have been developing in a haphazard manner. With an intention to chalk up a master plan along with a development strategy plan and an investment plan, the Secunderabad Cantonment Board (SCB) had recently approached the Hyderabad Metropolitan Development Authority (HMDA) for help. The HMDA has gained experience by preparing several master plans for the erstwhile Hyderabad Urban Development Authority (Huda), extended Hyderabad Metropolitan Development Authority (HMDA) and the core city in the past decade.

Before marking land use in the master plan, independent market surveys would be carried out to find out the demands for various lands such as housing, commercial, retail, office space and light industrial usages, official source said. The cantonment area is spread over 40 square kilometres with about 10,000 acres of vacant land. In the entire area, around 27% is private land and the rest is either government or defence land.

Official sources said the master plan would include demographic profile, overview of natural features by satellite imagery, soil characteristics and existing economic activities in and around the Cantonment area which can trigger development. The plan would also make an inventory of infrastructure development initiatives which were already taken up by various agencies.

“The land uses are useful mainly for private land and government land for development and road network is crucial for the entire area (including defence land).

As part of the plan, assessment of transport connectivity in terms of road network, public transit, rail network, linkages to airport near central business district and city centre etc

and identification of bottlenecks in each sector will be done,” a senior planning officer of HMDA said.

According to officials, it has been decided to identify important corridors crucial for overall development of the areas. The master plan would also assess the existing and proposed infrastructure in the area and social infrastructure like health, education and amenities including eSeva centres, railway and bus reservation centres, banks, post offices, revenue and registration offices etc.

When contacted, SCB chief executive officer Sujatha Gupta said: the request for proposal would be called by the HMDA soon for preparation of the master plan.

“There was a proposal for Cantonment Development Plan in 2007, but it was not taken forward. Now, the SCB is keen on the master plan. Along with development, we want an effective regulation in place.”

http://timesofindia.indiatimes.com/city/hyderabad/Secunderabad-Cantonment-Board-to-soon-have-mixed-land-use-zones/articleshow/29784517.cms



Andhra Pradesh to take up massive urban infra development programme

Comments Off on Andhra Pradesh to take up massive urban infra development programme   |  February 3, 2014

HYDERABAD: The state government is planning to take up massive programme for urban infrastructure development to improve the living standards of low income groups and and their economic development. This is as part of efforts to face the challenge of steep rise in population in urban areas with growth pegged at 33.5 per cent in the state against the national average of 31 per cent. The urban population in AP is projected to increase to 45.5 million or 4.55 crore by 2030 constituting 46 per cent of total population.

The state government has prepared detailed estimates of required investment in eight sectors which include water supply, sewerage, solid waste management, storm water drains, urban roads, urban transportation, traffic support infrastructure and street lighting. Based on the estimates made by the high power expert committee on urban infrastructure services, the per capita investment required in the state in the next six years (2014-2020) is Rs10,846 on each individual, amounting to Rs 30,695 crore.

Part of the focus would be on Energy Efficiency measures to further improve power supply situation in Urban areas for which Govt. of AP/Utilities initiated a major programme of Restructured Accelerated Power Development and Reforms Programme (R-APDRP) with an investment of Rs 1,880 crore for development of IT and Supervisory Control and Data Acquisition (SCADA), System improvement works like construction of Substations & lines, enhancement of power transformers in the next four years.

Dr PK. Mohanty, chief secretary, during an interaction with top officials, said the major challenges in managing urbanisation are significant rise in investments for urban infrastructure & services and strengthening the framework for governance and financing, besides slum development and urban poverty alleviation, urban housing and comprehensive capacity building programme at all levels of government.

He further said there is an immediate need to adopt the key recommendations for making cities/towns socially equitable, economically viable, and environmentally sustainable.

The key recommendations are:

1) providing a legal framework for effective urban governance in view of the huge investments made in the sectors like water, sanitation, and housing,

2) creating a framework for efficient planning & integrating land use/allocation,

3) empowering the municipalities with suitable delegation of power, responsibility and accountability in all cadres of staff,

4) providing housing for low income and weaker sections especially those living in slums,

5) to provide public mass transportation by road as well as rapid transit through local trains/metro rail,

6) development of skilled man power through in-house & institutional training on subjects like urban governance, land-use, transportation, urban economics for promoting affordability of the low income group to the maximum extent possible.

http://timesofindia.indiatimes.com/city/hyderabad/Andhra-Pradesh-to-take-up-massive-urban-infra-development-programme/articleshow/29771916.cms



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