Click the below link

http://www.youtube.com/watch?v=nS9cNXtl_DU&feature=youtu.be

“The International Airport , the completion of the Outer Ring Road (ORR), about 30 radial roads, MMTS, Metro, procurement of water from Krishna and Godavari rivers, among other developments is attracting global MNCs/investors to start their operations in Hyderabad,”

Regards,

The city has witnessed second highest occupancy of IT spaces in India during the last one year. Many of Real-Estate company's suggested that this is the best time for property buyers because Hyderabad may witness property boom in the midterm. And finally it happened, Month by month the real estate industry is growing well at hyderabad and recorded a good growth in recent months.

Many new and existing buyers share apprehension over the Telangana issue in Andhra Pradesh. This has brought about a change in consumer sentiments across Hyderabad, however, developers and realtors voice out that this is a temporary issue and in the long-term, it is unlikely to have an impact on the realty market in Hyderabad.

Good time to buy property in Hyderabad, says AP CM

Good time to buy property in Hyderabad, says AP CM

Business Line Property show opens: Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, at the inaugural function of the APREDA Property Show 2011 at the Hitex exhibition centre in Hyderabad on Saturday. — Photo: P. V. Sivakumar

The CM said bandhs and strikes have affected the real estate and IT sectors. He assured that the Government would ensure that Government and private property is not affected.

Hyderabad, Oct. 16: 

The Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, today said this is a good time to buy real estate in Hyderabad as prices are reasonable and affordable for the middle class.

Speaking after inaugurating the Andhra Pradesh Real Estate Developers Association (APREDA) property show here today, Mr Reddy said bandhs and strikes have affected several sectors in the State, including real estate and IT. But people are coming out of this issue.

He assured that the Government would deal firmly with the violators of law and order and ensure that Government and private property is not affected.

Summit

Coinciding with the sixth APREDA Property Show 2011 at Hitex Exhibition Centre, a summit on ‘Vibrant Cities for a Vibrant Economy' was hosted in the the presence of industry experts.

Mr P. Premkumar, President, APREDA, said, “The show has over 190 stalls exhibiting their properties and developments from across the State. This show serves as a platform and provides an opportunity for developers to exhibit their projects and run exclusive promotions to attract prospective buyers. Visitors also get firsthand experience of meeting the leading real-estate developers, financiers, associates and interior designers at one place.” A book titled Sculpt your City which encompass 21 strategies, including green housing, traffic control and waste management, compiled with inputs provided by 100 leading companies, was released today. ICICI Bank and Huawei were the event sponsors along with Confederation of Indian Industry (CII), National Real Estate Development Council (NAREDCO), The IT and ITES Industry Association of AP (ITS AP), TIE, Amec and LIC Housing as their event partners.

Why to invest at kothur and Shadnagar

Why to invest at kothur and Shadnagar:-

      If you see the development at kothur and Shadnagar,it is growing like a new city attached to Hyderabad and government of A.P is providing huge infrastructural developments from kothur to shadnagar to  boom up land values and easy access to international airport.

    Government of A.P has identified 5000 acres of development land at shadnagar and converted in to APIIC (Andhra Pradesh Industrial Infrastructural Corporation) and start allocating to SEZ’s software companies. In order to that Govt. of AP has developed 46km stretch of express high way from kothur to jedcharla by connecting all the prime location in that area apart from that, government has decided to provide various development activities at the surroundings like MMTS up to shadnagar and 150ft link roads to srisailam highway and outer ring roads.

“There is no WRONG time to do RIGHT thing” This reflects the positive attitude. As you are aware of it, we have to invest when market is in stable condition. It will help us to get more returns in short span.

Source: The Times of India, Hyderabad

Hyderabad

With resentment from elected representatives and residents over hefty penalties on illegal buildings, the Greater Hyderabad Municipal Corporation (GHMC) is mulling softening the blow on unauthorised constructions.

The corporation has been slapping notices on builders who have raised structures without permission from GHMC. It has been collecting 400% on land value (government value) for non-high rise buildings and 600% for highrise and commercial buildings for adding additional floors under schedule U, section 596 of the GHMC Act.

For example, if anybody raises an unauthorised building in a 200-square yard plot in LB Nagar area, such a person has to cough up over Rs one crore as penalty, which is several times more than his land and building value.

The hefty penalty is mainly intended to discourage people from undertaking illegal constructions.

The GHMC slapped over 100 notices in Circle 9, which covers areas like Himayatnagar, Hyderguda and Liberty, L B Nagar and Kukatpally circles. Some builders paid the penalty, while the majority has not responded to the notices given by the town planning authorities.

In view of the public outcry and corporators’ request, the officials are now contemplating revisions in penalties.

Official sources said as per the proposal, the GHMC would collect building fee and 33% additional fee on permissible area and implement 400 to 600% on additional built-up area. If a builder raises Ground+three floors and only two floors are permissible on the plot area as per building rules, GHMC has now proposed to levy 33% fine on the permissible G+2 floors and 400% on the extra floor. As a result, penalty amount would drastically come down.

Even if penalties are paid by builders, illegal structures cannot get official sanctity, GHMC officials said. The building also attracts 25 per cent additional property tax every year till the building is either demolished or regularised. However, GHMC assures that building would not be bulldozed since the builder paid the penalties to the corporation.

“Imposing penalties on illegal structures under schedule U is only one of the options like demolitions, sealing of buildings and filing criminal cases against builders,” GHMC chief city planner G V Raghu said.

GHMC had a couple of months ago decided to file criminal cases against builders who undertook major illegal constructions. Criminal proceedings were initiated in about 35 cases in West Zone, while another 150 cases were identified for criminal proceedings under section 461 (4) of the GHMC Act.

At the same time, GHMC commissioner MT Krishna Babu asked the town planning officials to impose 33% fine on normal building fee on small and independent houses that came up without permission, but as per building norms or with minor deviations. Over 600 such buildings were identified by the town planning wing.

Source: The Times of India, Hyderabad

Hyderabad

After the Greater Hyderabad Municipal Corporation (GHMC), it is now the turn of the AP State Disaster Response and Fire Services wing to crack the whip on owners of high-rise buildings who did not take occupancy certificates and final No Objection Certificate (NOC) from the department.

Notices are being slapped on owners of as many as 523 high-rise buildings, including commercial complexes, shopping malls and residential apartments for not taking NOCs from the fire services department. Another 91 hotels and 96 hospitals would also be covered in the second phase. Official sources said while notices were already issued to 243 high-rise buildings (including 86 in Hyderabad and 157 in Ranga Reddy district), which were permitted prior to March, 2007, notices to another 280 buildings, which were permitted by the corporation between March 2007 and 2010, are being issued now.

“The department will complete serving of notices by October. The builders have been asked to pay Rs 10,000 towards building inspection fee along with a late fee of Rs 2,500 immediately,” a senior official of the AP Disaster Response and Fire Services department said.

Sources said after receiving notices, several builders have applied for OCs in the last two weeks and paid about Rs 12 lakh towards user charges for carrying out inspections in their buildings.

Whenever a builder applies for permission of a high-rise building 15 metres and above a commercial building and 18 metres and above a residential apartment, the municipal corporation asks the builder to get an NOC from the fire services department and the Airport Authority of India (AAI).

Fire services department gives provisional NOCs on the proposal and assurance for providing fire-fighting equipment in the buildings. When the building is completed, builders have to apply for final NOCs by paying an inspection fee. Fire officials then inspect the buildings and see whether mandatory fire provisions are taken care of by the builder and then release the final NOC. Apart from this, the builders have to get the fire-fighting equipment inspected every year.

In the case of GHMC, builders have to apply for OCs once the building is completed. The GHMC town planning officials inspect the buildings to see whether they were constructed as per the sanctioned plan or not. Based on the OC, the GHMC releases the mortgaged portion of the building.

However, most builders do not bother to approach the corporation or the fire services department for OCs and NOCs.

In July last, the GHMC had taken up a drive to seal buildings without NOCs and sealed some structures in Himayatnagar. As a result, 631 builders applied for OCs from the corporation, including 335 builders at GHMC headquarters, 85 builders in Circle 10 (Khairatabad, Banjara Hills and Jubilee Hills area) and 68 builders in LB Nagar and Gaddi Annaram municipal circle limits. About 300 buildings were already given NOCs in the past two months by the corporation.

Source: The Times of India, Hyderabad

Hyderabad

Two important land acquisition proceedings have got green signals from the High Court. On Tuesday, the HC cleared the decks for the housing scheme of a JNNURM project and vacated an interim order staying the acquisition of land at Ghatkesar for the ORR project.

In the first case, Justice CV Nagarjuna Reddy gave its nod to the JNNURM project in a land spread over 63 acres in Kurmalguda village of Saroornagar mandal of Ranga Reddy district.

The judge vacated the earlier interim order. Ch Jangiah had filed a writ petition complaining that the land in question belongs to him as per the certificate of the revenue authorities given in 1998 and, therefore, the government could not go ahead with its project.

However, the government pointed out that the revenue records from 1955 showed that the land belonged to the government and therefore the claims were not valid. Justice Reddy, who looked into the records which were summoned, said prima facie, the claim of the petition is not valid and therefore the project could not be stalled at their instance.

In the second case, Justice R Subash Reddy vacated the interim order staying the acquisition of land at Ghatkesar. Owners of the local land complained that the acquisition of this land would affect their income as the godowns in the said area was a source of their income. They also complained that the land was realigned and in the process, their land is being acquired.

Opposing the plea, the government justified the realignment on the ground that it was necessary to save water bodies, education and religious institutions. The government also successfully contended that the land was compulsorily required for the ORR project and the resultant inconvenience to the petitioners could not be a factor for not acquiring the land.