Latest Property News on 'Hyderabad'

It’s raining malls in Hyderabad

To say that it’s raining malls in happening Hyderabad would be an exaggeration. But there is also a mad rush among real estate developers and builders. With real estate booming in the city, both in residential and commercial property development, the herd is heading towards constructing malls.

Consider this: there are around 15 malls slated to come up in and around the city in the next few months to a year. Some of the big names include the GVK One Mall in the upmarket Banjara Hills and MPM Mall in the same area. In fact, contrary to popular perception that there is an oversupply of space for malls and retail, there is a growing demand for them. “It is not true that there is an oversupply of space. In fact, many of the malls are not planned correctly by developers. Moreover, most of them do not have a good understanding of the economics of the tenants’ business and pricing them accordingly,” observes Arvind Singhal, chairman, Technopak, a consultancy specialising in retailing and consumer goods. That is the reason why in some areas there is a dearth of customers, and some are even offering mall space as as office space. Read More »

4.7 lakh employment opportunities in SEZs for AP

An estimated 4.5 lakh employment opportunities would be created through the 48 Special Economic Zones (SEZs) coming up in Andhra Pradesh in the next two years.

The SEZs will create a conducive environment for investment and exports and rope in foreign and domestic firms, according to an official statement here today.

The Centre has approved 48 SEZs of which IT/ITES will have 27 SEZs, pharma 6, multi product 4, footwear 3, and one each for biotech, apparel, building products, services sector, paper, textile, gems and jewellery and semiconductor SEZ (Fab), it said. Read More »

Real estate frauds reach a new high

HYDERABAD: M Prakash Rao (name changed), a businessman from Srikakulam district, wanted to buy a plot in the city.

So with a dream in his eyes to own a piece of land in ‘Happening Hyderabad’, he arrived in the city, went on a ’site visit’, looked at a few ventures and settled for a plot in Hayathnagar.

Little did he know that within a year of paying ‘easy instalments’ to own the dream plot, his real estate dealer would close the shop and scoot with his money. Read More »