Latest Property News on 'Hyderabad'

New Airport to Add to Hyderabad’s Brand Image

With the new international airport commencing operations near here, the brand image of Hyderabad is to go up, attracting more investment in IT, biotechnology and other industries.

The swanky Rajiv Gandhi International Airport, which has come up 30 km south of the city, is described as the new icon of this IT hub, home to many software giants. If Hyderabad IT and Consultancy (Hitec) City at the once sleepy Madhapur village placed Hyderabad on the world IT map in 1990s, the new international airport is expected to transform the city, especially the area off the highway linking Bangalore into a business hub and attract huge investments in various sectors.

Though some air passengers are complaining of the long time they take to reach the new airport (the older airport was in the heart of the city), business leaders feel the state-of-the-art and spacious facility would help Hyderabad become a world-class city. The Rs 2500 crore airport, on over 5,000 acres of land, became operational Sunday, shifting all the operations from Begumpet airport. Read More »

Hyderabad to host HBS Real Estate Seminar

Harvard Business School, along with its affiliated India Research Center, is planning has to hold the South Asia Real Estate Seminar in India shortly. The subjects covered in the seminar will include project and corporate finance, development, and real-estate related topics using HBS case studies from various parts of the world.

According to the organizers of the seminar, it is being held in response to India’s increasing participation in the globalization of real estate. The seminar will run from June 17 to June 20, 2008. Read More »

Malaysian co picks up 60% stake in MAK Group project

Sunway City Berhad, part of the USD 1-billion Malaysian Sunway Group, has picked a 60% equity in a joint venture with the Hyderabad-based MAK Group for a Rs 3.5-billion high-rise realty project.

The Malaysian company will bring USD 5 million as foreign direct investment (FDI) for its equity holding in the joint venture, which a special purpose vehicle (SPV) is called MAK Builders, at present. The venture will develop about two million sq. ft of residential space in the high rise, with sizes of 1,000 to 1,300 sq. ft and price up to Rs 5 million. Read More »

Airport Project to Hit Castor Areas in AP

The booming real estate of Hyderabad has brought a bad time for the agriculture sector in the city. The new airport project at Shamshabad has hit the castor crop field in Mahboobnagar, which leads in castor area in Andhra Pradesh.

Out of the normal area of 1.42 lakh hectares, castor has been in 1.24 lakh ha during the Kharif season, which ended earlier this season. Read More »

Hyderabad To See Exclusive Developments

The Andhra Pradesh government has taken a number of steps to transform Hyderabad into a model city. The newest add-on to the development is a flyover at Nalgonda Cross Road.

The government has already initiated the project involving an investment of Rs 27,000 crore for development of metro rail, flyovers, roads, and drainage system. Read More »

A Walk Down Hyderabad Property Avenue

Hyderabad, primarily known as the ‘City of Pearls and Minars’, is the fifth largest metropolis of India. Today, eyes of potential investors are set on Hyderabad which is staying in step with the overall property market trend existing in the country. Despite all odds, the city is improving in good deal of activities.

Hyderabad real estate scenario has changed fast over a period of time. Most of the demand especially for the commercial property comes from the IT companies which prefer Hyderabad over any other cities in the country. With the entry of global players like Microsoft, Oracle, Bann Info, Satyam Computers, and many others, Hyderabad property market structure has certainly undergone a paradigm shift. Read More »

Officials Expose a Land scandal in Hyderabad

District revenue authorities brought the land worth Rs 15 crore in Bandlaguda, Hyderabad under its possession on Wednesday.  The action was taken in response to the attempts of a local wrestler who tried to sell the 13 acre land after dividing it into plots.

He produced fake documents and displayed the land in survey numbers 80 and 81 and named the venture as ‘Mohammedi Hills’.  Originally, it was in survey no. 82 and 84 and was a ceiling surplus land which later came under the government in the year 1971, says Bandlaguda mandal revenue officer P. Leela. Read More »

Bhagyanagar India Ltd. sells out land for Rs 54 cr

Hyderabad-based Bhagyanagar India Ltd., doing diversified business of metal and component manufacturing, is selling a part of it to Mumbai-based unlisted company Himadri Enterprises for a whopping amount of Rs 53.52 crore.

Also, the company has sold out 5.76 acres at Uppal, an industrial suburb near Hyderabad, to Himadri that has paid Rs 3 crore to Bhagynagar beforehand. As learnt from sources, Bhagyanagar is holding talks with different well off companies including Reliance Properties, Godrej Properties, Suncity, and others regarding property development projects. Read More »

Real Estate Prices Rise in Tier II and Tier III Cities

As property prices in metros see a shoot up, Tier I and Tier II cities have emerged as the most promising market for residential as well as retail developments. Now, these places experience a sharp increase in property prices which has gone along with increased demand. It has shot up by as much as 40% in the past two years which is believed to be the highest as compared to earlier hike descriptions.

The property boom in Tier II and Tier III cities is further fuelled by the factors like opening up of financial sector, rationalization of income tax and loan policies in addition with well-paid IT jobs. However, the rise in prices does not square with the earning capabilities and is being considered as an unhealthy sign in the long run. Read More »

GMR plans SEZ in Hyderabad

The Hyderabad-based GMR group — which has won the contract to modernise Delhi airport — is joining the bandwagon of Indian enterprises setting up special economic zones (SEZ).

Unlike other corporates who are on a land acquisition spree to cash in on the boom in the tax free enclaves, GMR is planning to invest Rs 1,500 crore to set up a multi-product SEZ with special focus on aviation-related activities in the area adjoining Hyderabad’s greenfield airport.

Sources said the company had approached the board of approvals, which clears SEZ proposals, to move ahead with the project, which wil be spread over 250 acres. Read More »