Horizons Aug-Sept 13

Horizons Volume 2

ANDHRA PRADESH REAL ESTATE DEVELOPERS’ ASSOCIATION www.apreda.org

Issue 12

` 50

August-September 2013

AP’s most credible real estate magazine

Real Estate Regulatory Bill

Boon or Bane?

Special Report

Curtains Rise on Property Show P28 In Focus

Rationalise Registration P40

c o n t e n t s Volume 2

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Issue 12

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August-Septemer 2013

In Focus

Cover Story

Rationalise Registration

Real Estate Regulatory Bill : Boon or Bane Page 20

Page 40 Lifestyle

Striking rapport, key to interview Page 46 Legal Eye

Law of Inheritance Page 48

Curtains Rise on Property Show Page 29

Numerology

Saturn the ruler of Real Estate Page 33 6

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

Other Sections

Special Report

08 News watch 24 Industry Reactions 36 Happenings 38 APREDA Diary 42 Pulse 44 Auspicious Days 44 Humour Corner 45 Market Monitor 45 GO Watch 51 Project Watch 56 Real Estate Listings

Horizons

Editor’s Note Gaining Steady Grounds The APREDA governing council under the new leadership is gaining steady grounds. Just like the Hyderabad real estate markets are firming up with every passing day and expected to further boost up with the enactment of the Real Estate Regulation and the Land Acquisition Bills in the ensuing session of the parliament. There is a likelihood of Reserve Bank bringing down the interest rates. The recent approval of FDI in multi-brand retail by Parliament will attract foreign investment, which will not only benefit the retail industry but also boost the demand for commercial real estate. The customer sentiment is upbeat with all eyes stuck on the fate of the two Bills expected to will boost the sentiment of all stakeholders and herald a new order in the country’s real estate industry.

Further, the ongoing policy reforms are expected to provide some cushion to corporates who are likely to execute their expansion plans in near future.

Demand for office space is expected to be broad-based and not restricted to IT-ITeS and banking sectors. Even as leasing activity performs relatively well, rentals are expected to remain stable owing to large upcoming supply and high vacancy levels across Hyderabad. In today’s competitive market, lot of value buying is happening in residential property. However, the key challenge for the developers here is the high land, input and labour costs but low selling prices.

While at APREDA with the mediation of the new team, Land Regularisation Scheme has been extended for another three months by the state government.

Major breakthrough has also been achieved on the issue of unlimited floor space index (FSI). The state government wanted to put up a cap on it. But representations and consistent follow up from APREDA besides other quarters has yielded dividends. The government has been kind enough to give a hearing and formed a committee with HMDA, GHMC and Director Town Planning to study the ongoing practice of FSI in the adjoining states and come up with suitable recommendations, giving respite to the industry.

The new energetic team has synergised its resources in the run up to APREDA’s fourth Property Show and conference. APREDA members with innovative ideas and a lot of excitement are all set to make it a mega event of the year. The overwhelming response of the prospective participants has galvanised the organising committee to put up an impressive show.

This issue of Horizons promises to be an interesting mix of a discussion on the Regulatory Bill, a curtain raiser on the AREDA‘s fourth property show, an innovative story on reducing property costs by eliminating duplication of registration charges, the section on Legal Eye delves on the principles of inheritance and then the mantra to your getting success in property is the piece on Numerology, features like market monitor, Pulse and real estate Listing that keeps you abuzz with the market besides our other regular features. Hope you enjoy reading as we did wrapping up this edition. Please do send us your feedback on this edition. Wishing to all our readers from the Horizons team- A very Happy Independence Day! Jydip Mukherji Executive Editor

www.apreda.org

Volume 2 Issue 12 August-September 2013 Editorial Advisor R Chalapathi Rao sirisampada@icloud.com

Executive Editor Jydip Mukherji jydip.mukherji@gmail.com

Editorial Team C hief Copy Writer : Kishore Upadhyay Writers : Asok Swaminathan PSN Prasad Sshupriti Trivita Roy Carolanne Philips Niddi Mishrra

Production Team Designed By : Akshaya Design Studio Illustration: Leonardo Ram

Advertising & Sales Manager : Sudheer Singh Thakur

Circulation & Distribution Shams News Agencies.

Printed & Published by P. Prem Kumar on behalf of AP Real Estate Developers Association, owned by AP Real Estate Developers Association, Printed at Paper Craft Center, 2-3-514/4, Umanagar, Ameerpet, Hyderabad, A.P. RNI. No. APENG/2012/44473

Published From AP Real Estate Developers Association, # 102, Tirumala Shah Apartments, Yellareddyguda, Ameerpet ‘X’ Road, Hyderabad, A.P.- 500 073.

Contact: Tel: 040-65572184, +91-9989844467 email: editor@apreda.org

News Watch

National Focus on single window clearance for housing projects: Centre

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aving paved the way for protection of consumers against inordinate delays in the completion of housing projects through the introduction of the Real Estate (Regulation and Development) Bill, 2013, the Union Ministry of Housing and Urban Poverty Alleviation (HUPA) is now focussing attention on streamlining the process of seeking clearances for the real estate projects.

and necessary permissions for promoters.

The system is aimed at reducing the time taken to secure permissions and cut down on the procedural delays. While the Real Estate (Regulation and Development) Bill, 2013 makes it mandatory for developers to seek all clearances before collecting money for or advertising for projects, a single window clearance will allow developers to seek all the requisite permissions in a time bound and rationalised manner, expected to bring down average approval time from 196 days to 45-60 days.

The Ministry has formed a committee that will soon present its report on the implementation of a single window clearance system for seeking approvals

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India ranked 20th among global markets

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ndia is ranked 20th among the top 20 real estate investment markets globally with investment volume of $ 3466 million recorded in 2012, according to Cushman and Wakefield in its latest International Investment Atlas. Majority of the investment in India were through institutional sales (67%) while remaining were through private equity (PE) investments (33%). The market witnessed institutional sales (excluding apartments) of Rs 12, 800 crore, concentrated in

commercial development sites and office segment including stand-alone and preleased office buildings.

While investments in institutional sales saw a decline of 37% over last year, private equity investment in real estate increased by 7% in 2012 and was noted at Rs 6,200 crore. Majority of the Private Equity in Real Estate (PERE) investments was noted in ready income generating / operational office assets

at Rs 3230 crore due to lower risk and steady cash flows associated with this type of investment. It was an increase of 34% over 2011, mainly in number of high value transactions in this sector. Under construction residential projects continued to witness the highest number (25) of PERE deals valued at Rs 2850 crore in 2012. Global property investment market recorded a modest 6% rise in activity during 2012 with volumes reaching US$929 billion.

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Housing prices up by 1% in 20 cities: NHB

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ousing prices have increased marginally by an average 1.1% in 20 major cities, including Hyderabad, in January-March 2013 over the previous quarter due to slowdown in demand, according to National Housing Bank (NHB).

followed by Bhubneshwar (14.54%), Pune (7.81%), Bhopal (6.49%), Delhi (3.59%), Bengaluru (2.83%), Mumbai (2.31%), Kochi (2.30%) and Faridabad (0.98%). On the contrary, eight cities have shown decline in prices over the

Residential housing prices in 12 cities have shown increase in the quarter ended March, 2013 over October-December, 2012 quarter, as per the quarterly update of NHB Residex. Price correction was witnessed in Hyderabad by 2.23%, Kolkata by 5.75%, Lucknow by 3.18%, and Chennai by 1.28%. Price increase was also witnessed in Jaipur (28.74%)

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H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

previous quarter with maximum fall observed in Guwahati (-7.84%) followed

by Ludhiana (-6.71%), Surat (-6.67%). “Property prices in majority of the cities are witnessing marginal upward trend,�

NHB said.

The NHB residential price index in Hyderabad in the quarter ended January - March 2013 as compared to OctoberDecember 2012 dipped to 106 from 108 in the west of the city, while it remained static at 64 in South, in north it went up from 69 to 71, in central it dipped from 69 to 64, in east zone it fell from 145 to 143, overall the city index dipped from 90 to 88.

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News Watch

RBI cuts risk weight on residential housing

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oans against residential housing falling under commercial real estate projects will now attract lower provisioning of 0.75% against 1% earlier, the Reserve Bank of India said. Besides, RBI has carved out the residential

housing projects under the commercial real estate as a sub-category of the commercial real estate sector. “The CRERH (Commercial Real Estate-Residential Housing) segment will attract a lower risk weight of 75% and lower standard asset provisioning of 0.75% as against 100% and 1%, respectively for the CRE (Commercial Real Estate) segment,” RBI said. The RBI directive follows the monetary policy statement 2013-14 to carve out a sub-sector of ‘CREResidential Housing’ within the CRE sector as residential housing projects poses lower risk from other commercial estate projects.

RBI further said that the CRE-RH segment would consist of loans to builders and developers for residential housing projects except for captive consumption under commercial real estate segment. It added that such projects should ordinarily not include non-residential commercial real estate.

“However, integrated housing projects comprising of some commercial space (shopping complex, school) can also be classified under CRE-RH, provided that the commercial area in the residential housing project does not exceed 10% of the total Floor Space Index (FSI) of the project,” RBI added.

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ECB norms eased for low-cost housing

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he Reserve Bank of India has relaxed the external commercial borrowing (ECB) guidelines for developers/builders executing low-cost affordable housing projects. As per the central bank’s revised eligibility criteria, developers/ builders with a minimum of three year’s experience (five-years prescribed earlier) in undertaking residential projects and having good track record in terms of quality and delivery can tap the ECB route. The aggregate limit for ECB under the scheme has been extended for the

financial years 2013-14 and 2014-15 with a ceiling of $ 1 billion in each of the two years.

The condition of minimum paid-up capital of not less than Rs 50 crore, as per the latest audited balance-sheet, for Housing Finance Companies (HFCs) has been withdrawn. HFCs utilising ECBs have to ensure that the cost of individual units does not exceed Rs 30 lakh and the loan amount does not exceed Rs 25 lakh.

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Draft land reform policy may face states’ resistance

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fter circulating the draft National Right to Homestead Bill, 2013, among ministries, the rural development ministry has readied the draft National Land Reforms Policy. If implemented, it could tilt the balance in favour of the landless. It is a politically contentious issue as some states see the move as centre stepping into their domain. The draft policy aims to ensure effective distribution of land to landless poor in a time-bound manner. It also aims to protect them from losing their land, devise land use strategies and secure land rights for women.

However, since land is a state subject,

the centre can only advise. Therefore, a land reform policy would largely be a soft law or guidelines to states. The policy is part of the ‘Agra Agreement’ with the Ekta Parishad signed in October 2012, following which a task force on land reforms was constituted. According to the policy, states should “distribute/ assign/allot the available land to eligible land less poor, particularly the Scheduled Castes, Scheduled Tribes and other marginalised and deprived landless in a time-bound manner both for agriculture and housing sites. The allotment of land should be made in the name of women member in the eligible family.”

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August-September 2013

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News Watch

National Rental Housing: The next big thing in housing

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ut of the 1.8 crore new houses built between 2007-2012, owners of over 1.1 crore units in India prefer not to let out their properties fearing that evicting tenants will be next to impossible. As such India does not have a rental housing policy with incentives for private developers who could be encouraged to construct only for rental housing. Stringent legal safeguards, too, are not in place for people wishing to rent out their properties.

The government has finally woken up to the need to address the issue of organised rental housing, especially for

those migrating from small towns to cities to work. A government-appointed task force has recommended a separate law for regulating residential rental housing in India and tax benefits to encourage private developers to set up rental housing projects. The 19-member panel headed by Jaithirth Rao, chairman, Value and Budget Housing Corporation Pvt Ltd has recommended setting up of a residential rental housing act specifically for the rental housing sector on the lines of the Model Residential Tenancy Act 2011.

A separate law has also been proposed

for residential and commercial rental properties. Other recommendations include basing rent prices on contractua agreement between landlord and tenant instead of standard prices at present being regulated by a rent controller or court. It’s said arbitrary increase in rent prices should be discouraged and a special fast track rental housing tribunal be set up for speedy resolution of all rent related disputes. Accordingly “infrastructure” status for large rental housing projects and tax benefits for rental management companies to help them operate smoothly have also been mooted.

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Exports from SEZs up by 31%

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xports from special economic zones (SEZs) grew by about 31% year-onyear to Rs 4.76 lakh crore during 201213, compared with shipments worth Rs 3.65 lakh crore in 2011-12. As per the

Export Promotion Council for EOUs and SEZs (EPCES), out of 389 SEZs notified, 170 are operational and these exports are helping in reducing the widening current account deficit (CAD). During 2012-13,

SEZs have attracted a total of Rs 2.36 lakh crore investment and provided direct employment opportunities to over 11 lakh people. “Inconsistent tax policy, especially with the introduction of minimum alternate tax (MAT) and dividend distribution tax (DDT), has discouraged investors. If the income tax benefit is not given to SEZ developers and units, growth of the sector will remain a dream not fulfilled,” said a statement from the council. The council also urged the finance ministry to revisit the tax provisions related to SEZs on the back of declining GDP growth and escalating CAD.

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Indian Land Acquisition Bill ready to become law

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he political parties have reached a consensus over the muchawaited Land Acquisition Bill after the government gave in to a major demand of Bhartiya Janta Party for 50% compensation to farmers. The objective of the bill is to address the problems of the industry regarding the acquisition of land for setting up residential projects and industries. The debatable bill on land acquisition at last enhances compensation for farmers.

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The bill proposes the payment of compensation that is up to four times the market value in rural areas and twice the market value in urban areas. Instead of acquisition, the land could be leased to developers so that its ownership and rights would remain with the farmers and would provide them with a regular annual income.

The bill further states that consent of 80% of the landowners is required for

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

acquiring a land for any private industry and consent of 70% of landowners is required for public-private projects.

Consent is also needed for the compensation that has to be paid to the farmers. The government has agreed that individual states can pass legislation regarding leasing of land and limits of acquisition. The government mentioned that under the bill relief and rehab benefits will be provided to the families dependent on the acquired land.

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News Watch

State AP to synchronise revenue, land registration depts

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he AP government will soon synchronise databases of Revenue

and Registration Departments, using information technology solutions. This will facilitate sellers and buyers of land and properties to register from anywhere in the state, which the government is in the process of implementing after its successful execution in the districts of Hyderabad, Ranga Reddy, Medak and Nalgonda.

While ‘Anywhere Registration’ of property allows a citizen to register his or her property in any of the Sub-Registrar Offices (SROs) within the district. The

facility has several advantages for the state as well as the property owner, including convenience, simplification of the process as the citizen can get the property registered at an office where there is no rush, and even distribution of work as far as the state is concerned. On the other hand synchronising revenue and land registration departments would help reduce corruption, multiple registrations and other dubious methods followed by some people to deceive the government and gullible buyers.

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AP Govt mulling over reintroducing FSI norm for high-rises

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he municipal administration and urban development (MA&UD) department is mulling over reintroduction of floor space index (FSI) norm for highrise buildings in the state. FSI is a ratio between a building’s total floor area to the size of the plot. The FSI and plot coverage stipulations were removed from the Common Building Rules in 2006 and the AP Building Rules in 2012 and only permissible coverage at present is as per the minimum setback to be left at a given site. The GHMC has been permitting additional FSI for property owners who lose their land for road widening. Similarly, it was also implementing the transferrable

developmental rights (TDR), where land owners could use the additional built up area anywhere in the GHMC limits.

The MA&UD department recently constituted a committee to examine and study the revised Common Building Rules and its impact on urban infrastructure, comparative analysis of situation existing prior to and after the implementation of the revised building rules. It would also examine FSI and floor area ratio (FAR) norms, particularly for high-rise building category in vogue in different states, study density aspects resulting out of present rules in relation to infrastructure available, suggest modalities and

modifications required, if any, to the existing building rules.

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Govt to reclaim unutilized land from private firms

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evenue minister N Raghuveera Reddy has said the state government would

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soon serve notices on companies which had received government lands but failed to utilise them for the specified purpose.

Addressing a meeting after opening a new revenue division at Gurazala in Guntur district, Raghuveera said many companies had either not used the lands allotted to them or had diverted them for other purposes. “Once we issue notices to the defaulting companies, we will go through their replies. If we find that they failed to utilise the lands for the purpose

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they were allotted, we will take back the lands,” the minister said.

He added that the state government would soon come out with a policy on proper utilization of lands allotted to private firms. Admitting that there were certain irregularities in the land allotments in the last 3-4 decades, the minister said, “We will plug the loopholes and ensure that private companies do not misuse the lands given to them.”

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News Watch

New policy to ease land acquisition hurdles in AP

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ith land acquisition becoming a major hurdle in the way of new projects, the state government has come up with novel methods to ensure that a farmer parts with his land and this includes making him a stakeholder. The

idea of making massive farmer-friendly industrial projects has been devised keeping in mind the prestigious National Industrial Manufacturing Zones (NIMZs).

GOI has already sanctioned two NIMZs for Medak and Chittoor districts and is in the process of according final approval for a third one in Prakasam district.

The Medak NIMZ is to come up on 12,365 acres of land while the one in Chittoor would require nearly 23,000 acres. “Land acquisition has been a major hurdle in AP for all major projects.

We do not want the NIMZ projects, each of which will bring in an investment of Rs 30,000 crore and generate employment for upto 3 lakh people, to be bogged

Hyderabad

down by unrest by those who lose their land for these projects,” said major industries minister J Geeta Reddy.

“Now farmers can choose from a basket of options in lieu of land acquired from them. The farmers can become stakeholders in the companies that would invest in the NIMZ. Those who want to sell the land and take the money away in full too are welcome. Similarly, there is yet another option by which they can take a portion of the compensation and take developed plots worth the balance amount. There is also a fourth option, in which farmers can opt for permanent pension instead of compensation,” the minister informed.

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Layout approval must for non-residential projects

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he HMDA in a major decision, to ensure successful implementation of the Master Plan and planned development of city has decided to bring non-residential developments also under the mandatory site layout approvals in projects to be taken up under its jurisdiction. A proposal has already been sent to the government for approval and a nod is expected soon. Till now, the Layout Based Approval System has been applicable for according permissions to development of residential layouts.

The present approach for permission related to group residential development follows scrutiny of layouts. While for non-residential group development as in

industries, institutions and commercial, the examination is just limited to Building Permission. The HMDA feels that non-insistence on scrutiny of the layout of non-residential development as in housing was not conducive for planned development, road network, open spaces and integrating the Master Plan proposals. The proposal looks at covering group developments above 4,000 square metres only and not insisting on site layout for smaller sites i.e., plots below 4,000 square metres.

For the smaller sites, the present practice of according building permission would continue. The proposal looks at insisting

on site layout for factors such as internal circulation plan, parking requirements, service and utility plan and provision of open space.

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Now eCities in Hyderabad!

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he central department of electronics and information technology has accorded in-principle approval for setting up two electronic manufacturing clusters in the state, one near Fab City and another at Maheswaram in Rangareddy district. Giving details of the development of such clusters which would be the first in the country, IT minister Ponnala Lakshmaiah said the electronic manufacturing cluster (EMC)

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near Fab City will be set up on 602.37 acres of greenfield at an estimated cost of Rs 580 crore. The steering committee on clusters of the central department has approved a grant of Rs 235.6 crore for the project. While the SEZ area of the cluster would be spread over 263 acre, non SEZ area would be 339 acres.

According to the IT minister, the Electronics Industries Association of AP has shown interest in the cluster and committed to

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

invest major part of the estimated Rs 1,800 crore at the proposed eCity near Fab City. He added that the employment potential would be 35,000 while the indirect employment potential would be 2.1 lakh. The electronic manufacturing cluster at Maheshwaram is to come up on 310 acres at an estimated cost of Rs 360 crore of which Rs 142.4 crore has been approved as grant by the steering committee on clusters.

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News Watch

Hyderabad GHMC to seek govt nod for revised property tax

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he Greater Hyderabad Municipal Corporation (GHMC) would seek the state government’s nod for revising property tax now. Otherwise they might have to wait for two years on account of general elections and GHMC elections in 2014. The MA&UD department had in March, 2013, constituted the AP State Property Tax Board to give clearances pertaining to property tax assessments, revisions and improving tax collections.

GHMC had collected about Rs 780 crore as property tax during the 201213 financial year and hopes to raise Rs 950 crore in the current fiscal, 2013-14.

Officials claim the set target could be achieved only with hike in property tax and by bringing un-assessed properties into the tax net.

The corporation has already begun the

exercise to bring un-assessed properties into the tax net. If revision is effected, property tax of residential properties

might be doubled in most areas of the city. As per the proposal, the minimum property tax would be increased to 80

paise per sft from the existing 40 paise per sft and the maximum tax could be Rs 3.75 per sft from the existing Rs 1.25.

There might be reduction in property tax of commercial properties in municipal circles like L B Nagar, Kukatpally, Qutubullapur and Malkajgiri, while the tax might be hiked in Serilingamapally (11&12) circles.

The property tax revision has been proposed based on location of the building, type of construction, plinth area, age of the building and nature of usage. It also depends on civic amenities like water supply network, roads, street lighting and factors like educational institutes, hospitals, shopping complexes, parks and playgrounds, banks and other development activities.

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Cheap land lures P&G to Hyderabad

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rocter & Gamble is all set to make operational one of its biggest manufacturing plants in Asia on the outskirts of Hyderabad. This is even heartening as a few other multinationals are in the final stages of talks with the state government on buying land and setting up plants in AP. These companies include Johnson & Johnson, Cadbury’s and Siemens. P&G’s manufacturing plant is coming up at Kottur in Mahbubnagar district, about 36 kms from Hyderabad.

Perhaps the biggest player in the beauty

and grooming, houshold care, health and well being segments, P&G India will be rolling out its products like Tide, Vicks, Ariel, Whisper, Olay, Gillette,

Ambipur, Pampers, Pantene, Oral-B, Head & Shoulders and Duracell etc from the Kottur plant by April next year.

“We have acquired about 170 acres of land, which will make this plant one of the biggest units in Asia. The land was purchased in July 2012 and so far we have invested Rs 370 crore in the project,” said Madhav Rao, associate director - product supply, Procter & Gamble India. P&G plant will be eligible for 100% stamp duty waiver and fixed power allocation.

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Terminus Infra signs up with Bharti Wal-Mart, others

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erminus Infrastructure India has signed up with some marquee clients for its Rs 200-crore mixed use real estate project complex coming up in the IT hub of Hyderabad. “We expect to complete the one-plus 13-floor facility of nearly one million sq.ft by December 2013.

Bharti Wal-Mart has signed up for about 60,000 sq ft ground floor and first floor of the project, for Easy Day hypermarket

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format,” S.P.Reddy, chairman and managing director of Terminus Infra said.

The company has signed up with C.K.Birla Group company Hyderabad Industries Limited for their corporate office and is in the process of finalising deal with Hyatt Group for service apartment facility within the three-acre complex located adjacent the Botanical

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Garden. It would be similar to formats seen in the US, where shopping and entertainment co-exist. It will have chain of eateries and a Kids Discovery Centre, an edutainment facility. The mixed use project will have about 2 lakh sq.ft of mall space, 2.5 lakh sq ft of office area and about 1.5 lakh sq ft of service apartment area to cater to the techie community in the IT hub.

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News Watch

Hyderabad Lanco Infratech leases 80,000 sq ft in its IT SEZ

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anco Infratech informed its subsidiary has leased 80,000 sq ft of office space in its IT special economic zone (SEZ) at Hyderabad to BPO firm Apollo Health Street. Lanco Hills Technology Park Ltd has signed up with a BPO and technology management services Apollo Health Street, a group company of USbased Sutherland Global Services for 80,000 sq ft of SEZ space. “We have entered into our first leasing agreement with Apollo Health Street for 80,000 sq ft of office space in our IT SEZ. Another 1.5 lakh sq ft will be leased in few days time,” Lanco Hills Technology Park CEO S Pochendar said. The SEZ, with a leasable area of 4 million sq ft, is part of 100 acre project comprising 20 million sq ft area being developed

at an investment of Rs 5,000 crore, he added. Besides SEZ, he said the project comprises of six million sq ft of residential, three million sq ft of non-SEZ office space and seven million sq ft of retail and hospitality.

Commenting on the deal, Lanco Hills Technology Park vice president D V Prasad said: “We have provided excellent infrastructure which is going to

yield rich dividends to companies setting up their operations. It is in the IT hub of Hyderabad, Gachibowli, and will soon emerge as a destination of choice for most of the companies”. Sutherland Global Services is a global provider of business process and technology management services offering an integrated portfolio of analytics-driven back-office and customer facing solutions that support the entire customer lifecycle.

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Inorbit Malls plan South India expansion

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Raheja Corporation entity Inorbit Malls India has chalked out a plan to expand its operations significantly in Southern India region thanks to low cost realty in the region compared to other parts of the country, said a top official. The company currently operates five cash positive hypermarkets - two in

Mumbai and one each in Hyderabad, Pune and Bangalore. Apart from expanding further in Hyderabad and Bangalore, the company has decided to enter cities of Chennai, Vizag and Coimbatore, managing director Kishore Bhatija told journalists. “We have seen highest growth rate in Hyderabad at

24% compared to 7.5% to less than 20% in other operational malls across other cities of the country,” said Bhatija.

Southern cities proved to be inexpensive for acquiring realty assets and also as higher growth drivers with larger base of IT/ITES and financial services sectors. Inorbit Malls will now develop and operate a mall every year. The sixth Indian mall at Vadodara in Gujarat will take off next month, he said. The company is actively looking at developing one more mall over 10 acres of land in Hyderabad’s outskirts at Pocharam, where the IT behemoth Infosys is developing its largest campus with 25,000 seating capacity. Bhatija said each mall would typically cost Rs 300-500 crore based on the location “.We would allocate more space for food and entertainment in the upcoming malls as the two segments were picking up more footfalls and malls are becoming like community centres than being just limited to shopping complexes,” he added.

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Cover Story

Real Estate Regulatory Bill :

boon or bane?

The Real Estate Regulatory Bill 2013 has emerged as a silver lining in the cloud for India’s hassled consumer; fluttered the developer community, leaving many questions unanswered, finds Jydip Mukherji Over a decade or so, in tune with rising prosperity, real estate demand has been booming. The sector has emerged as the largest employer of human capital in India, after agriculture. If IT / ITES is projected to be the show-window of our nation with around 7.41lakh crores($125 billion) turnover, real estate is poised to be around 8.89 lakh crores($150 billion) industry.

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he Real Estate Regulatory Bill recently got the approval from the union cabinet. Now it is waiting to be tabled in the ensuing monsoon session of parliament before it finally becomes an ACT of law. So that it could pave the way for it to be implemented across all states and union territories and be a model for the states to come up with similar Acts.

The bill proposes to create a Real Estate Regulatory Authority and an Appellate

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Tribunal that will act as a watchdog for the housing sector, primarily towards protecting consumer interests. It will open up a full-fledged redressal mechanism to resolve disputes, which are hither to referred to a court of law or consumer courts. The Bill demands greater disclosure from the developer community and a higher level of project accountability to eliminate the information asymmetries from the housing market.

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Property is the single largest asset that an Indian creates for himself after long years of saving rather than investing in stocks or mutual funds. However, it has remained unregulated, leading to soaring property prices and hard savings of buyers being locked up in unfinished projects. In the process many flat-buyers find themselves paying bank loans while waiting to get possession of their flats. That apart, often flats are sold on the basis of super-built up area that include common area. The bill attempts to plug such anomalies in private residential projects coming up in area of 1000 sq meter and above (earlier proposed as 4000 sq. meters) and meant for sale across the country. Its main provisions entail: At the construction stage • The bill applies to only residential

Cover Story may be up to 10% of the project cost and a repeat offence could land the developer in jail with an imprisonment upto three years.

• A developer putting out misleading advertisements about projects can be jailed, if the charges are proven.

Photograph of actual site only to be used for advertisements.

Strengths and benefits

spaces. Commercial real estate has been kept out of purview of the proposed bill.

• Developers will have to get their projects registered with the regulator before sale.

• Developers can launch projects only after acquiring all statutory clearances from relevant authorities.

• Developers cannot offer any prelaunch sales before obtaining all statutory clearances.

• The statutory clearances are to be submitted to the regulator and also displayed on a website before starting the construction.

• A major provision is the standardisation of area measurement, with carpet area to be the measure when this bill is enacted. Private developers will sell properties only on the basis of carpet area and not on the basis of ambiguous super-built up area.

• The bill has also sought to ensure that the buyer’s payment is utilised for the development of a particular project by necessitating the creation of an escrow account, where by the customer advances paid will be used only for that project’s completion. The developer will have to deposit upto 70% of funds received for a particular project in a separate bank account to cover the construction cost of the project. This provision was made to discourage developers from diverting funds of a particular project.

At the selling stage • There will be a model builder-buyer agreement which is expected to reduce ambiguities in real estate transactions that not many buyers are familiar with.

• Developers would need to make disclosure of all project details like credentials of promoters, layout, land status, carpet area and number of apartments booked and status of statutory approvals.

• Developers will be barred from collecting any money from buyers before completing all necessary permits to start construction for the project. Builders can’t take more than 10% advance without a written agreement.

• Compulsory registration of real estate agents is likely to provide another level of protection to buyers while also prevent concerns regarding money laundering by the non-organised broker community.

In

case of violations and redressing grievances

for

• State and central level regulators and central appellate tribunal to be set up.

The Real Estate Appellate Tribunal will address disputes as per the directions of regulator and adjudicating officer.

•

Full refund with interest, if property not handed over on time. Failure to comply with the norms for the first time would attract a penalty which

The Bill supports homebuyers in arriving at informed decisions while purchasing a property. “Provisions such as registration of all upcoming projects with the proposed regulatory authority and releasing relevant details regarding project specifications, size, carpet area and sale details on the company website will bring in transparency. This is likely to protect the buyers from misrepresentation, delays in delivery and failure from developers in meeting contractual obligations. This is an encouraging move from the government towards bringing in accountability in the sector and protecting buyers across the country from unethical business practices,” says K Jawahar, a city based advocate who specialises in dealing with consumer property dispute cases.

The Bill would ensure carpet area rate on the basis of which the developer would have to sell his project. There are a lot of hidden costs that the developer would add to the cost of the project. So, when such practices are done away with, the customer would get a better deal and end up paying only for what is on paper.

Like in the US, where local laws prevail over national laws in matters relating to real estate. Land and urban planning, including housing, is a state subject in India. States act as independent, autonomous agents in respect of subjects that are under their purview. While the US does not have a single window regulator, the bill seeks to overcome this obstacle by letting the states to set up their respective Regulatory Authority.

The proposed appellate tribunal is a positive step towards addressing disputes and reducing the burden on consumer courts, while the penalty to be imposed on defaulters is likely to deter developers (and property agents) from duping buyers.

(Continued on page 26)

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Cover Story

Reactions on the Real Firdose Vandrevala, chairman, CII national committee on real estate and housing said: “Multiple Acts and rules exist for the protection of consumer interest and hence it needs to be ensured that the proposed Real Estate Regulatory Authority doesn’t end up replicating various functional roles,”

Anuj Puri,

Anuj Puri, chairman & country head, Jones Lang LaSalle India pointed out: “The Bill works both ways. While it aims to hold the developers accountable, it also looks at ensuring that the allottees do not default in making payments. On enactment, the Bill seeks to ensure that real estate transactions are carried out in a just and equitable manner.”

chairman & country head, Jones Lang LaSalle India

Firdose Vandrevala,

chairman, CII national committe on real estate

Navin Raheja, president, NAREDCO hailing the approved bill said: “It is a welcome step.

We had been waiting for the same since long, as it would bring buyers at ease along with transparency and respect to the sector. The Bill will streamline the sector by checking unscrupulous players and protect the interests of all stakeholders, people and developers.”

Navin Raheja,

Anshuman Magazine, chairman & MD, CB Richard Ellis South Asia said: “Real Estate Regulatory Bill should have been more balanced (while) taking view of challenges faced by developers and consumer grievances. Consumers need protection. Therefore administrative reforms are required urgently for real estate development to happen more efficiently and in a transparent manner.”

Anshuman Magazine chairman & MD, CB Richard Ellis South Asia

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president, NAREDCO

Sanjay Dutt, executive managing director South Asia, Cushman & Wakefield said: “The Bill is a welcome move by the government to boost the morale of the sector and bring in the right kind of momentum in the future. It will put our housing sector on par with many other developed and developing countries.”

Sanjay Dutt, executive managing director South Asia,

Cover Story

Estate Regulatory Bill Deepak Parekh, chairman, HDFC, supporting the bill commented: “Home buyers should not fall for teaser products offered by developers. To my mind, teaser products of any nature entail risks. Customers need to be cautious of ‘too-good-to-be-true’ type of products. There is no denying how imperative it is to cleanse the real estate sector, which has been characterised by opaqueness, speed money, vested interests and complete lethargy on the part of the authorities in granting approvals. Why should it take two years to obtain construction permits for a residential housing project and why can there not be a single-window clearance mechanism? These have been constant questions raised with no answers.”

Deepak Parekh, chairman, HDFC

CRISIL Research projecting the anticipated impact commented: “This will be driven by a better macroeconomic outlook, and increased buyer interest arising from the implementation of the Bill. It will muster buyer confidence by ensuring timely delivery from developers and greater market transparency (in terms of disclosures). In terms of supply, execution delays for projects are expected to reduce as the clauses mentioned in the Bill will require strong commitment from the developer to complete the project as per schedule.

Also developers will need to evolve innovative schemes to sustain the growth in demand for residential properties to retain consumer interest.”

CRISIL Research

Hari Babu, managing director, Lahari Infrastructure and advisory committee member APREDA: “It is unfair to include layout of plots under the purview of the regulatory bill. Depositing 70% in escrow account is impractical here. Since the development charges are minimal as compared to constructed property. Here the major investment of the developer is in the land in which he has already invested right at the inception of the project. Moreover the Bill in its current form is lop sided and only talks about the developers’ obligations and in no way talks about customers and their payments.”

Hari Babu

managing director, Lahari Infrastructure August-September 2013

25

Cover Story “The Bill states that all the real estate brokers will have to acquire a license to conduct their business. The license acquiring process will involve processing fees hence it will only persuade the genuine brokers to be in the trade.” K Jawahar further adds.

Apart from bringing in credibility to the developer community, it will boost investments from domestic and international funds that have harboured skepticism towards investing in Indian real estate largely on account of lack of regulation. With the safety features now proposed in the bill, the RBI’s negative perception of lending to the housing projects as being risky will also be dispelled and developers will find it easier to access formal funding thereby not having to rely only on sales to fund the construction of their projects.

Shortcomings and apprehensions The real estate fraternity was initially against the Bill as they thought it would result into disaster instead of empowering the industry and home buyers. Besides the setting up of a regulatory authority, both at national and state levels and the central appellate tribunal requires concerted administrative steps that will fructify only if the Bill is implemented effectively.

India’s rapid urbanisation has fuelled the demand for housing and support services across the country. However, the urban limits of our cities are often constrained by slow and uneven release of land parcels for development. These supply bottlenecks can be resolved through concerted efforts such as permitting higher density developments through increased floor space index norms, releasing land parcels for development on a sustained basis and encouraging private participation in land aggregation. The Bill has not taken these factors into consideration and ignores the direct linkage between project delays and administrative bottlenecks.

Vijaya Sai Meka, secretary general, APREDA pointing out to the clause pertaining to the time schedule for providing utilities like water, electricity connections says, “A developer’s responsibility ceases the moment he pays required amount to the concerned departments. How can he be held responsible if he applies on time and pays all charges yet there are delays still?”

The sector has been bogged down by a multitude of regulatory approvals that developers need to obtain before they begin construction. Approvals for building layouts, ownership, environment

Cover Story clearances, structural planning and utilities, among others are timeconsuming, cumbersome and often delayed. “These delays lead to increased project costs that ultimately trickle down to buyers. The government needs to selfdiscipline itself to sanction timely project approvals and avoid unnecessary delays.

So it is imperative to envisage policy measures in the bill that enable singlewindow clearance to cut through the red tape” Vijay Sai further adds.

While on one hand the bill proposes to nail the developer for adhering to timelines, on the other it does not hold government authorities accountable for delays in grant of permissions which could in turn impede construction activity. This provision might impact liquidity and fund availability in the market. If the project couldn’t be presold a cautious developer community might slow down new project launches, which would have an adverse impact at plugging housing shortage gaps in most of our urban centres.

To this an official from the housing and urban poverty alleviation ministry says the issue of faster project clearances is being addressed, to work towards single-window clearance. The Ministry has formed a committee that will soon present its report on the implementation of a single window clearance system for seeking approvals and necessary permissions for promoters.

There is a penalty and punishment clause for any delay in completion of the project.

It is specified that if there is a delay in handing over the project, the developer should compensate the customer, but there is no mention of a remedy if the customer stops payments. “There should be a forfeiture provision for the amounts already paid by the customer if he stops paying further installments as the project completion will be effected,” points out Hari Babu, APREDA advisory committee member.

who have already paid. Why should they suffer? The Bill demands we call the defaulters to settle the matter with them and only then it could be sold to a third party. In such cases the defaulter may not promptly settle the matter nor pay the dues and keep the matter pending. This leaves the builder whose money is struck up in a tight spot, with very little that he could to do. Therefore as of now the bill is lopsided, talks only about the duties and responsibilities of the developer and in no way about the customers’ payments,” Hari Babu asserts.

The bill envisages every project transaction to be separated from other transactions with separate bank account assigned for each project. It will drive the developer to move to other investment options, which could push the property prices up.

It is virtually impossible for banks to fund hundreds of crores of rupees as there is an RBI cap on lending. So, they would have to consider expensive sources of credit like private money lenders, and the cost of their high interest rates would have to be passed on to the customer.

This may lead to increase in property prices. Moreover, in the case of a dispute between the central government and state policies there is no clarity on which law will have precedence.

R Chalapati Rao, vice president APREDA, deploring the bill says, “The clause of depositing 70% of the receipts in escrow account is irrational. The land cost varies from place to place, location to location.

It is therefore suggested that the receipts

He further substantiates, “In a particular building, suppose out of the total twenty apartments constructed, fifty percent customers turn out to be defaulters on account of various reasons like natural calamities, local disturbances or market recession. Then what happens to those

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be split into two categories – towards land costs and towards construction / development costs. The clause of depositing 70% of the receipts should apply only to construction costs receipts.

The developer should be allowed to retain the receipts in respect of land in toto.”

He further adds, “The bill proposes to deregister the project if the regulator points that the developer is involved in unfair practices which includes inter alia ‘making any statement whether oral or written falsely representing the services of a particular standard or grade,’ the provision to cover oral statements is highly dangerous and may lead to victimisation of the developer and needs to be deleted.”

Despite all these concerns, the bill is a positive step towards regulating the unregulated real estate sector and safeguarding consumer interest. A novel attempt that has been made to streamline the loop holes and needs to be applauded, except the many unanswered questions raised by the developer community that needs to be addressed by the government to allow a level playing field for the either side.

But there is no doubt the Regulatory bill will promote transparency; establish standard practices for residential sale and purchase, facilitate the institutionalisation of the real estate sector, besides giving it the necessary fillip to move to a new phase of growth and development. jydip.mukherji@gmail.com

Special Report

Curtains Rise on APREDA Property Show The fourth APREDA Property Show is about to take off, get set to witness the extravagansa of the year, reports Jydip Mukherji

I

t’s show time once again. The fourth edition of APREDA Property Show is going to be held at HITEX from 25th to 27th October 2013. The show that has consistently stirred the property markets across south of India for the last three years is all set to present more than 400 projects of almost 150 developers, 20 banks and financial institutions and a splurge of product suppliers through its 190 stalls in the offing. To top it, all like the previous years the event will kick start with a daylong conference on the opening day, to be attended by 300 delegates from varied industries.

Thota Narasimham, minister for Stamps and Registrations addressing at the APREDA Property Show 2012 Curtain Raiser Ceremony.

N Kiran Kumar Reddy, Chief Minister, inaugurating APREDA Property Show 2012 at HITEX

To add another semblance to the last three shows, the chief minister of Andhra Pradesh is expected to inaugurate the conference and the property show. So on your marks get set and go! To move ahead with the times! To be a part of an event that will once again create a history of sorts.

The daylong conference on ‘Staying Ahead in Real Estate- Innovative Construction and Taxes’ is being hosted in association with knowledge partner Jones Lang LaSalle. According to Mitesh Kulkarni, head of the APREDA Conference Committee, “The knowledge based conference will be a focussed presentation from industry leaders on innovative construction techniques, processes and practices. Presentations from leading first class contractors who are constructing commercial, residential, retail and hospitality spaces.

They would present their experience in reducing construction time lines and costs. They would delve on construction using innovative form work to minimise the use of labour, to overcome the tremendous shortage of masons faced by

the industry today” He further adds, “We are bringing in manufacturers who would give presentations enumerating live case studies clearly bring out how they reduced construction time with minimum usage of labour. There would be deliberations on pre-cast technology, an important element to get desired quality in minimum construction time.

Taxation is an important component of business. In taxation among other things there would be a panel discussion on VAT, its implications on the construction industry.” Jones Lang aims to bring out burning issues confronted by the real estate stake holders partnering with industry experts to extend the required knowledge support to the event.

According to Sunil Reddy, Executive Vice President, APREDA “We thought it to be the best way to help our friends from the real estate fraternity. Initially we thought it would be a brand building exercise where developers could showcase their projects to thousands of visitors who visit the exhibition. The

August-September 2013

29

participants were extremely satisfied with the 1500 bookings that enabled them to sell their villas, apartments and open plots last year. For the consumers too it is a unique opportunity to choose from several projects at different locations, of various specifications with an affordable price range starting from Rs 1800 per sq ft in the out skirts to Rs 7000 per sq ft on the higher end.�

their brand equity. While on the other hand customers can pull up their sleeves and grab their bargain deal when Hyderabad’s residential pricing is at its best. A plethora of options to choose

from, all under one roof, you could zero down on your choice that you had put on hold for all this while. So, what are you waiting for? Make hay while the sun shines!

It is a million dollar opportunity on one hand for the developers, builders, banks, financial institutions, construction material and interior manufacturers and suppliers to showcase their products and services to more than 60,000 prospective customers who are expected to throng the venue during the three day event (going by last year’s attendance). The event spread over two halls presents a unique opportunity for the participants to network and interact with representatives from various verticals besides enhancing Visitors at the APREDA Property Show 2012 lounge August-September 2013

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Special Report

M Murali Mohan, (former president of APREDA) presenting the car keys to the winner of Property Show 2012 Bumper Draw

Delegates attending the 2012 conference

Talking about the other highlights of this year’s show Sunil Reddy adds, “Every visitor to the event can participate in the bumper draw with prizes like car, two wheeler, TV, music system to be won, besides gold and silver coin draws every two hours. Elaborate food court arrangements and kids play area to cater to family traffic are some of the other attractions in store. Today Hyderabad is the cheapest metropolitan city, I think this is the right time for consumers to buy their dream property.”

also a mammoth property event had got cancelled during that time. All these factors made us come up with the idea of organizing this property show. Since then there has been no looking back and year after year consecutively for last three years every show that we put up has been a milestone in itself. All the three years AP chief minister have been kind enough to throw open the show.

The event has become a benchmark for all such events being organised in the state.”

One of the movers and shakers to initiate this mega event has been P Prem Kumar, the immediate past president of APREDA. He says, “In 2010 when the markets were down we needed some kind of booster shot to revive interest in the realty market. We wanted to project brand Hyderabad, make awareness about green buildings and

Prem Kumar further adds when we started in 2010 not more than 25 to 30 participants could be seen in an event.

Besides the then prevailing political uncertainties was dampening the market. But we went ahead with more than hundred participants in our kitty. In the second year, we boldly overcame the difficulties posed by Sakalajanulasamme

that was announced at that time.

Sweeping aside all uncertainties we created a record in terms of footfalls and participants. We had doubled our size from the first one by then. Last year, our third show has been a resounding success. Therefore, this year we have decided to go in for a three day event unlike a two day event held in the past three years.”

With the announcement of the show more than half the stalls have already been booked. Still those of you, who want to grab their share of the booty, hasten up to reserve your space before you regret. While customers can plan your schedule so that you are there in the city when the event is being held for a bit of shopping, to shop for your home! Sweet home! But also to get some intellectual enlightenment from the daylong conference.

“Event of this stature has not only synergised the organization, strengthening team work, camaraderie and evolved better coordination among our members but also galvanized the industry to work in tandem to present their best to the customers,” adds P Dasharath Reddy, president APREDA .

So once again the curtain is about to rise on the fourth edition of the APREDA Property Show. For those of you on the lookout for the finest living spaces, this is an opportunity you just cannot afford to miss. Hold on with bated breath. One! Two! Three! Get ready to step into the mega show of the year. jydip.mukherji@gmail.com

Aerial view of stalls of APREDA Property Show 2012

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Numerology

Saturn the ruler of Real Estate Saturn can make or mar our lives, says Numerologist Sshupriti one’s abundant hard work, until they are truly earned.

It is amazing to see that select few shops draw crowds and make huge sales and profits while there are numerous shops in any market. Have you ever pondered what the reason is? It is merely the placement of Saturn in the owner’s chart attracts buyers.

s u bscribe

One of the most talked about planets – Saturn or lord Shani as we best know him owing to the mythological TV soaps is the embodiment of time, of lessons in life and of a word most carelessly used Karma. As a ruler of one’s destiny, lord Shani initiates his teachings in human lives since early youth. He is bestowed with powers to withhold the rewards of

“

“

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t any age we are bewildered about the idea of selecting a business or profession that will give us desired success. The secret of the type of profession, trade and business is locked in our planetary positions. Each planet is responsible for certain products, professions, trades and business.

One should select his or her business according to their compatible planet and keep the name of the business and the trademark as per the planets placed favorably in their astrological chart.

Saturn is the ruler of real estate, property and land. Appropriately, he represents building, construction, stone and masonry. He plays a vital role in the lives of people engaged in the labor industry, construction workers, and people dealing and working in real estate business, operating heavy machinery like cranes, ditch machines and other such equipments used in construction of buildings, roads and bridges.

Millionaires don’t use astrology.

Billionaires do.

- j.p. Morgan

The impact of Saturn in one’s life is that it brings about perseverance through perspective and adversity. It also develops a sense of hardships and tragedy, along with sensibility and maturity that helps the person in long run.

Shani is the ruler of our destinies and keeps an eye on our deeds. A person is rewarded or punished by Shani depending on the individual’s Karmas.

His day is Saturday and blue and black are his favourite colours. Neelam or Blue Sapphire is the Gemstone representing Planet Saturn.

Given below are Remedies to please Lord Shani.

• Observe fasts of 51 Saturdays and take Khicdi made of rice and black urad dal after the sunset.

• Wearing Blue Sapphire Gemstone • Wearing 14 Mukhi Rudraksha or7 Mukhi Rudraksha or a Saturn Mala comprising of 36 seven mukhi beads each and one 14 mukhi rudraksha bead.

• Worship Lord Hanuman by chanting his mantras on Saturday and light ghee lamp in front of the idol.

• Donate Sesame seeds, urad dal, iron, oil, black apparel, shoes or blue sapphire.

• Wear Shani Yantra pendant • Wear Shani ring (Available at Shani Shinganapur) • Praying to Lord Shiva and chanting the Mahamrityunjaya Mantra • Chant Shani Beej Mantra 23000 times starting saturday evening.

Shani Mantras “Om Praam Preem Praum Sah Shanaiyshcharaaya Namah” “Om Sham Shanaiyshcharaaya Namah” “Om Hlim Sham Shanaye Namah” “Aum Aing Hring Shring Shung Shanaishcharaye Namah: Aum” Navagraha Shani Mantra “Neelanjansamaabhaasam Raviputram Yamaagrajam; Chhaaya maartandsambhootam Tam Namaamee Shanaiyshcharam”.

Meaning: I bow to Shani who is as black as a black collyirum, who is the son of Surya born through Chaya, whose brother is Yama and who moves slowly. saivision32@rediffmail.com

(The writer is a leading Numerologist, Vaastu and Lal Kitab Remedy Expert)

I want to subscribe to APREDA Horizons for 6 issues. I enclose a Cheque/D.D for Rs 200 for 1 Year Subscription.

Mr/Ms ______________________________________________Address______________________________________ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _City_ _ _ _ _ _ _ _ _ _ _ __ _ _ _ State_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _PIN_ _ _ _ _ _ _ _ _ _ _ _ Phone____________________________Email__________________________________________________________ D.D/ChequeNo_____________________Bank__________________________________________________________ Signature Date : Cheque/D.D should be in favor of: AP Real Estate Developers Association (No cash accepted).

APREDA Horizons, AP Real Estate Developers Association,

Plot No. 43-A, Journalist Colony-A, Jubliee Hills, Hyderabad-500033, A.P. Tel: 040-65572184, +91-9989844467 email: editor@apreda.org

August-September 2013

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Happenings

APREDA-Vizag’s newly elected executive committee

G.Chakradhar (President)

A.RameshBabu (Secretary)

P. Ramakrishna T.Purna A.Hussain Chandra Rao (Vice President) Rao (Vice President) (Vice President)

Blood Donation Camp at Vizag The APREDA Vishakhapatnam chapter conducted in association with Vishakhapatnam Urban Development Authority (VUDA) and with the technical support of Rotary Club a blood donation camp. Blood collected in the camp would be supplied to those in need through Rotary Club.

VUDA vice chairman Dr N Yuvara, inaugurated the blood donation camp. The vice chairman while appreciating the activities of the APREDA advised to conduct more of such social welfare programmes apart from real estate business.

More than 101 members of APREDA donated blood in the camp. VUDA Secretary Dr G C Kishore and some employees also donated blood.

Guntur, APREDA’s new executive committee The third Annual General Body Meeting of the members of the Builder’s Welfare Association (BWA), Guntur chapter of APREDA was held recently to elect their executive committee. The chief guest on the occasion was VGTM UDA chairman V Srinivas. The newly elected committee will hold office till 2015. S Madhusudhana Reddy has been elected as the honourary president, G Thirupathi Rao as the president, M Sambasivarao as the Vice President, Kolla Syam, as the secretary, B S Ramkrishna Reddy as the joint secretary and K China Ankarao as the treasurer.

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G Chakradhar of Godavari Townships has been elected as the new president of APREDA at the recently held meeting of the association. Other office bearers of the new executive include A Ramesh Babu of ARB Promoters as secretary, N Sri Nagesh of Sai Priya Constructions as Treasurer and MA Hussain of Sukhibhava, P Ramakrishna of Five Star Townships and T Purna Chandra Rao of Bhoo Matha Real Estate as Vice Presidents, I Appla Raju of Datta Estates, Ch Srinivas of Chilukuri Housing Projects, N Phani Kumar of United Developers, P Krishnam Raju of Siva Priya Constructions and K Ravi Prasad of Sree Narasimha Townships as Joint Secretaries.

Interiors

APREDA Diary

Memorable Moments at the Monthly Meetings MAY 2013

P S Reddy Chief Advisor, APREDA presenting memento to B Ramakrishna of Rajeswari Builders, host for the monthly meeting

Vijay Sai, Secretary General, APREDA, presenting bouquet to K Karunakar Reddy of Vijay Durga Builtech, host for the monthly meeting

R Chalapathi Rao, Vice President, APREDA, presenting a bouquet to Atul Garg, Vice President, Saint Gobain Gyproc

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JUNE 2013

P Dasharath Reddy, President, APREDA receiving first cheque for the Property Show 2013 from G V Ravi Kumar, Saket Engineers

N Ramesh, Business Head, A.P. HDFC Ltd addressing the members at the meeting

Vizag Members at the meeting

In Focus

Rationalise Registration Charges

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nion and state governments have the noble intentions of providing affordable housing to tackle the housing shortage. Respective governments have come up with master plans earmarking area for residential use in urban and rural areas. However the process of conversion of land earmarked for residential use to livable dwelling units is taking years due to delays in infrastructure development.

Many state governments merely leave this task to private developers. During this process the land is changing many hands and becoming costly.

The property registration system in India as well as AP (Andhra Pradesh) has been instrumental in making the housing un-affordable as stamp duties are charged over and over again for the same property in different stages and for multiple transactions in each stage.

The state government is charging a total of 6% on the market value towards conveyance/registration charges (4% stamp duty, 1.5% transfer duty and 0.5% registration fee). For simplicity we may call the total of Stamp duty, transfer duty and registration fee as registration charges. These amounts are charged over many times from the raw land stage to dwelling unit stage.

1) When bulk (agriculture) land is sold by i) farmer to farmer, ii) farmer to investor, iii) investor to investor, iv) investor to lay-out promoter/ Developer.

Housing can be made affordable by eliminating duplication of registration charges every time the same property changes hands, suggests R. Chalapathi Rao and R Ashok Swaminathan.

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2) When lay-out developer sells the plots to i) investor ii) investor to investor iii) investor to builder.

3) When builder sell the housing unit to the individuals/ House owners.

4) Whenever the house owner resells his housing unit to others.

There may be multiple transactions in each of the above stages and in exceptional cases there may be only two to three stages. Assuming that an average of five transactions take place, the housing unit would have suffered 30% of the property value as conveyance/registration charges.

In stage three and four the value of construction also suffers the conveyance/registration charges. When these charges are considered the property might have suffered about 40% of the land value as conveyance/ registration charges.

There are exceptional cases when the market value/circle/Card rate is higher than the actual going rate/transaction value as the government. has the policy of hiking the Circle/CARD value by 20% to 300% across the board year after year. In such cases the property one buys may have suffered above 50% of land value as registration charges.

It is strongly recommended that instead of charging the complete registration charges of 6% on every sale/resale at every stage of the property development, the government should implement a new policy like the “Modified VAT�. Even the proposed Goods and Services Tax (GST) system is designed to allow the set-off of GST paid on the procurement of goods and services against the GST which is payable on the supply of goods or services. Registration/Conveyance charges should also be brought under the purview of GST. The new Registration policy to be evolved from VAT or proposed GST shall facilitate the buyer to pay conveyance/registration charges only on the differential amount

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

between the present full registration charges and the registration charges already paid by previous buyer (present seller) in respect of all sale/resale at every stage of property development and the resale there after. It amounts to payment of registration taxes only on additions in value by each promoter/ developer/investor at each stage.

Implementing the suggested new registration policy would result in i) Speedy implementation of master plans for development of housing in urban and rural areas and tackling the shortage of housing units. ii) Registrations taking place at full open market value and higher revenue for the government. iii) Increased revenue for the registration and stamps department, commercial tax (VAT) and service tax departments.

Till such policy is put in place the promoter/developer/builder should be given full Registration charges credit whereby he can adjust the total registration charges paid by him in the subsequent sale of developed plots/ housing units. sirisampada@icloud.com, ashok@modibuilders.com

Pulse

Complied by

Trivita Roy

Assistant Vice President Research and REIS Jones Lang LaSalle India trivita.roy@ap.jll.com

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Auspicious Days

August 2013 Date

Day

Time (IST)

A.M.

P. M.

04

Sun

06:00 to 10:30

02:00 to 04:30

08

Thu

07:30 to 10:30

04:00 to 07:00

11

Sun

06:00 to 10:30

02:00 to 04:30

12

Mon

09:00 to 10:30

04:00 to 07:00

26

Mon

09:00 to 10:30

04:00 to 07:00

30

Fri

09:00 to 10:30

04:30 to 07:00

September 2013

Auspicious days

08

Sun 06:00 to 10:30

02:00 to 04:30

09

Mon 09:00 to 10:30

04:00 to 07:00

11

Wed 09:00 to 10:30

04:00 to 07:00

15

Sun

06:00 to 10:30

02:00 to 04:30

16

Mon 09:00 to 10:30

04:00 to 07:00

22

Sun 06:00 to 10:30

02:00 to 04:30

29

Sun 06:00 to 10:30

02:00 to 04:30

30

Mon 09:00 to 10:30

04:00 to 07:00

Humour Corner

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H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

Market Monitor

Residential Property Rates in Twin Cities Zone wise prevaling residential plot rates in sq yard and constructed floor space/ appartments in sq feet of the major localities of Hyderabad and Secunderabad.

Central Zone

North Zone Locality

PriceRange (Rs./Sq-ft)

AS Rao Nagar Alwal Bowenpally Kompally Malkajgiri Sainikpuri Saket Sanatnagar

1900 - 2200 2000 - 2500 2200 - 2400 2300 - 2400 1900 - 2300 2100 - 3000 3200 - 3500 3500 - 4500

Price Range (Rs./Sq-Yrd) 14400 - 26100 18000 - 37800 25200 - 34200 13500 - 27000 22500 - 31500 10800 - 19800 10800 - 18000 30600 - 49500

East Zone Locality

PriceRange (Rs./Sq-ft)

Bachupalli Bandlaguda Dilsukhnagar L.B. Nagar Pragati Nagar

1800 - 2300 2100 - 2400 2500 - 3000 2300 - 2700 3400 - 3500

Price Range (Rs./Sq-Yrd) 19800 - 31500 13500 - 22500 34200 - 58500 18000 - 22500 13500 - 27000

South Zone Locality

PriceRange (Rs./Sq-ft)

Appa junction Attapur Hydeguda Rajendra Nagar Shadnagar Shamshabad

2600 - 3300 2300 - 2500 3000 - 3500 2400 - 3000 1200 - 2000 2100 - 3700

G.O Watch GO.Ms. No. 342. This G.O has been issued by the MA&UD Department. This pertains to the Multiplex Complexes. It lays down that owners that give land free of cost for road widening would be entitled for TDR’s. They can alternatively avail relaxation in their setbacks on the three sides except in the front setbacks.

Price Range (Rs./Sq-Yrd) 13500 - 18000 16200 - 22500 18000 - 22500 16200 - 31500 1800 - 5850 2700 - 4950

Locality

PriceRange (Rs./Sq-ft)

Price Range (Rs./Sq-Yrd)

Ameerpet Banjara Hills Begumpet Himayath Nagar Jubilee Hills Mehdipatnam Padamrao Nagar S R Nagar Somajiguda Srinagar Colony

3600 - 4100 31500 – 46800 7000 - 10000 49500 - 90900 4500 - 6000 30600 - 45000 4500 - 6000 45000 - 63000 5500 - 7500 43200 - 54000 3500 - 4500 40500 - 58500 2400 - 4500 22500 - 34200 4200 - 4500 27000 - 45000 3200 - 4000 36000 - 49500 4500 - 5000 25200 - 31500

West Zone Locality

PriceRange (Rs./Sq-ft)

Chanda Nagar Gachibowli Hitech City Hyder Nagar KPHB Colony Kondapur Kukatpally Madhapur Madinaguda Manikonda Miyapur Moti Nagar Nizampet

2700 - 3100 3000 - 4000 3900 - 4200 3200 - 3500 3200 - 3600 2500 - 3000 2100 - 2400 3000 - 4000 2300 - 2500 2500 - 3000 2800 - 3500 2200 - 2400 2700 - 3100

G.O. Rt. No. 1094. The Registration Department has revised the Citizen Charter in different layers of the Department and fixed the time limits for providing speedy and quality service to the registering public.

It has laid down the Service, Time limit, Officer Responsible and also the penalty amounts in case of default.

G.O. Ms. No. 220 The MA&UD has issue instructions extending the appellate

Price Range (Rs./Sq-Yrd) 22500 - 30600 28800 - 63000 28800 - 40500 20000 - 30000 31500 - 45000 27000 - 37800 27000 - 34200 31500 - 54000 19800 - 29700 15300 - 17100 22500 - 31500 21600 - 31500 13500 - 25200

committees and state level monitoring committees formed for BPS appeal applications vide G.O. Ms. No. 395 for attending to LRS appeal applications too.

G.O.Ms.No. 901. Vide this G.O the Government has constituted a committee to examine and study FSI/FAR Norms in different States of the country in High Rise Building Category.

August-September 2013

45

Lifestyle

Striking rapport, key to good interview Carolanne Philips gives some tips for both the candidate and an employer in helping them to achieve their goals

W

ith all the recent talk of recessions and depressions, successful job interviews have become more important than ever before! A job interview is a conversation which occurs between a potential employer and a job applicant. The applicant is trying to prove that he is the best candidate for the position while the organisation representative is not only evaluating the applicant but is also hoping to present a terrific workplace. Proper etiquette, therefore, plays an extremely important role --- for both the candidate and an employer in helping them to achieve their goals.

For candidates, the ground rule is to be well groomed and punctual. This means practising good hygiene, dressing appropriately, and arriving five to ten minutes before the appointed time.

Arriving too early may inconvenience the interviewers and arriving after that is considered late! Turn off the cell phone and never take along an uninvited guest such as a spouse, friend or child.

The interview starts and ends with the receptionist. So be courteous and fill out any paperwork graciously.

Follow the interviewer’s lead. Smile when greeted and wait to be told to take a seat. Then say, ‘Thank you’. Be pleasant and confident when responding to all interview questions. The key to being confident is to be prepared. Before the interview, evaluate your assets and features, consider which of them will be most beneficial to the potential employer, anticipate questions and research the company.

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If asked to say something about yourself, remember the interviewer is not interested in you personally at this time. Tell the interviewer who you are professionally, cite the results of three or four most significant accomplishments and then ask which of them would he or she wish to know more about. Sit with a good posture; maintain eye contact and give the interviewer full attention. Do not place a handbag or folder on the interviewer’s table. Rather, place it on the floor or in your lap. It is acceptable to ask questions on important matters such as job duties but wait until the interviewer asks if you have any. Thank the interviewer and do not forget to greet the receptionist on your way out. Send a thank you letter or e-mail the next day.

For interviewers, job interview etiquette consists of respecting the candidate’s time and energy. Unemployment disrupts a person’s sense of stability and for those people whose work is a source of personal pride and value, losing a job and having to look for another can be disorienting. Begin the interview on time and try to put the candidate at ease instead of testing how well he or she can handle the pressure of an interview.

Let the applicant know how long the process will take and the steps that will be involved. Be familiar with the candidate’s resume and during

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

the interview, show you know a little about his or her background. This indicates that the resume was given true consideration. Do not take calls, answer e-mails, or allow subordinates to interrupt the interview unless it is an emergency. Listen attentively and probe or comment on the candidate’s statements rather than plow through a pre-determined set of questions. When the interview draws to a close, thank the applicant and convey the approximate date of the hiring decision and the way in which it will be communicated. If an applicant is qualified enough to warrant an interview, he or she is worthy of a call once a decision has been made, even if not chosen for the position.

For both interviewer and interviewee, successful interviewing, like driving, requires practice. The more the practice, the better one gets!

(Carolann Philips is a certified etiquette and protocol consultant and behavioural skills coach. She is the managing director of Hallmark Events, a company that focuses on designing and developing programmes with emphasis on organizational behaviour and thinking, based in Muscat, Sultanate of Oman.) carolann@hallmark-eventz.com

Legal Eye

Law of inheritance among Hindus What may appear as just a matter of inheritance, one confounds to terms like will and heir or property sharing only when confronted with the problem. Advocate PSN Prasad delves on this contentious issue of inheritance law.

the property was different from the case today.

Unless there is testamentary, that is by writing of a will, devolution of the self acquired property is done as per the statute formulated in the Hindu Succession Act, 1956. Of course, it has undergone various changes during the societal evolution. The amendments have bought in remarkable changes, bestowing women with the right to inherit and claim a share, not only in the property belonging to her parents, but also a share in the joint family property.

Let us understand some basic principles of succession and inheritance among Hindus.

Normally there are two situations when a male Hindu dies. 1) He has property which he inherited from his father or others of a joint family. 2) He has acquired property and cash by himself, without using income derived from the inherited property.

Self-acquired Property Issues

T

he rules of inheritance given by ancient law givers are meager.

Viewed in the present social, economic and political circumstances, they appear archaic, even unfair.

Succession in the ancient law focussed on rulers of their kingdoms, for personal wealth, business etc. But the niceties were ignored for the public. Most of the property was held jointly by large families. Individual acquisitions were negligible. The enjoyment of the same was supervised by the joint family head. It is only from rules underplayed in our Smritis that the two systems of inheritance, the Mitakshara and the Dayabagha were established.

If the person has executed a will, called Vilunaamaa in Telugu, this second category property can be distributed by him as he likes. He can give the property to his children, wife or relatives, to any other person he chooses for any reason,

The Mitakshara, followed by majority of the Hindu society for the first times recognised the need to separate joint family property from the self-acquired property. Under it, the inheritance of

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or to any trust or other organisation considered a ‘legal person’ under law.

No one can question his choice.

If the person has not executed a will, then his self-acquired property go through a process of succession. All his surviving heirs in class I will get simultaneous share in all the property, including cash on hand or in bank. But all these heirs are also responsible to meet and discharge any debts, claim or demands made on the deceased or his property and found valid in law, up to the extent of the value of the property left behind by him.

Similarly, such a condition has to be first fulfilled before any self-acquired property is passed on to any person or persons, as per a will. The simple logic and principle is you cannot give to others, what you did not have in the first place.

And you could not have had something, unless you have paid for everyone that enables you to buy or get it!

Now let us understand who are these class I heirs. After that we will look at class II and others!

The list appears very simple! But many of us are not used to the actual and full legal meanings, as understood by law and the courts! Our personal

Legal Eye understanding or beliefs in these matters are of no consequence. It has been seen all over the world that most people act according to their gut feeling, personal knowledge and beliefs, and not according to law. So they land themselves into problems, and some of the heirs could be burdened with those problems.

So, back to the list of Class I heirs.

CLASS I 1.Son 2.Daughter 3.Widow 4.Mother 5.Son of a pre-deceased son 6. Daughter of a pre-deceased son 7. Son of a Pre-deceased daughter 8.

Daughter of a pre- deceased daughter 9.

Widow of a pre-deceased son 10.Son of a pre-deceased son of a pre-deceased son 11. Daughter of a pre-deceased son of a pre-deceased son 12. Widow of a pre-deceased son of a pre-deceased son 13.Son of a pre-deceased daughter of a pre- deceased daughter; 14. Daughter of a pre-deceased daughter of a predeceased daughter;15. Daughter of a pre-deceased son of a pre-deceased daughter, 16.Daughter of a pre-decea sed daughter of a pre-deceased son.

Who is a son or/and daughter?

Most of us presume that only a child born to wife is a son / daughter. In the eye of the law, a child born to any lady, married or not, of whatever age, caste, colour, creed or race or nationality is your child, if you are the father of that child. Many smart men think who knows? Some smart men think that the child’s mother has agreed to keep the fact of the child’s paternity a secret!

Well, it makes no difference. No proof from a friend or witness is needed to testify your paternity. A simple DNA test suffices to conclusively establish a man’s paternity. And a claim can be raised anytime a child or any of the child’s wellwisher learns of the fact, almost at any time. It is good for us to know the legal position. The same rationale applies to some others, too, in the list above. So it is not enough that you are aware of it; you must impart its full knowledge to all your probable heirs!

Among class one, the distribution is as follows:

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1. The intestate’s widow or if there are more widows, all the widows together shall take one share.

2. The surviving sons and daughters and the mother of the intestate shall each take one share.

3. Heirs in the branch of each predeceased son or each pre- deceased daughter of the intestate shall take between them one share.

4. The distribution of the share referred to in Rule 3 (i) Among the heirs in the branch of the pre-deceased son shall be so made that his widow (or widows together) and the surviving sons and daughters get equal portions, and the branch of his predeceased sons gets the same portion. (ii) Among the heirs in the branch of the pre-deceased daughter shall be so made that the surviving sons and daughters get equal portions.

It is very rare now that anyone goes without leaving even one heir of those listed in class I above.

In the rare event, that there is no one in class I, then there is a class II list. It is not similar to the list of class I. For one, it is divided into nine entries: Unlike heirs in class I, these heirs do not take shares simultaneously. The father, as entry number I in class II takes all the property.

Only when the father is not there, those in entry II will take simultaneous and equal shares. And if there is no one in entry II, then all those in entry III take simultaneously and equally. This will go on till entry IX if there is no heir or heirs in any earlier entry.

Class II entries are: I Father II 1) Son’s daughter’s son, 2) Son’s daughter’s daughter, 3) Brother, 4) Sister.

III 1) Daughter’s son’s son, 2) Daughter’s son’s daughter, 3) Daughter’s daughter’s son, 4) Daughter’s daughter’s daughter.

IV. 1) Brother’s son 2) Sister’s son, 3) Brother’s daughter,

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

4) Sister’s daughter, V. Father’s father; father’s mother VI. Father’s widow; brother’s widow VII. Father’s brother; father’s sister VIII.Mother’s father; mother’s mother IX.Mother’s brother; mother’s sister In this schedule, references to a brother or sister do not include references to a brother or sister by uterine blood. It is even rarer that a person has passed away without leaving any one in class I, and then also in the nine entries of class II. But if such a thing happens, then the property will devolve, that is, it goes to the Agnates. And if there are no Agnates, then it goes to the ‘Cognates‘.

Here, there are three rules.

1. Of two heirs, the one who has fewer or no degrees of ascent is preferred.

2. Where the number of degrees of ascent is the same or none, that heir preferred who has fewer or no degrees of descent.

3. Where neither heir is entitled to be preferred to the other under Rule 1 or rule 2, then they take simultaneously.

Who are Agnates? One person is said to be an ‘agnate’ of another if the two are related by blood or adoption wholly through males.

Now let us see who are Cognates?

One person is said to be a ‘cognate’ of another if the two are related by blood or adoption but not wholly through males.

Now, there may be an extremely rare case where, there is not even one heir in the case of someone who died. So what happens? Very simple, the property will go to the government, subject to satisfying any debt or claim or demand on the deceased and his property, to the extent of the value of the property.

These are some aspects of the succession of a Hindu man who passes away without a will. One confronts some tricky and peculiar situations in tackling the matter. We will go through that in our next issue. papoluprasad@gmail.com

(The writer is APREDA’s legal advisor)

Project Watch

Pragati

A Model Herbal Healing Health Campus Pragati- A unique place of biodiversity to live lively, lovely and heavenly life, reports Niddi Mishra

T

he city of Hyderabad is blessed with an ultimate destination of joy. Dr. GBK Rao, chairman and managing director of Pragati Group is one of the few visionaries, who inspired by nature and divine thoughts has created this heavenly place to live lively and named it as Pragati –the progression i.e. continuous. His Mission is to create an ecologically balanced environment to inspire every individual to become socially responsible to create systems and new technology. To instill in each individual the values of joy, abundance, balance, social responsibility and innovation.

The Inspiration Inspired by divine knowledge, Dr.GBK Rao found that the entire world depends on trees and Cows (Gow Matha). He strongly believes in the mission of “if nature is protected, in turn she will

protect the world.” He also emphasises that the creation of such living places solves all the problems that are caused due to the deterioration of Dharma and bring back Satya yuga life.

If we look critically at today’s scenario, many of us carry mineral water bottles wherever we go as the water is contaminated and not fit for drinking.

Keeping this in view let us just look at

future scenario, we may have to carry oxygen cylinders for breathing air.

Tomorrow, we may have to dress like astronauts to save our skin from ozone layer puncture if we do not arrest the pollution even now. We also witness many people living in city and outskirts, suffering from hazards like cancer, obesity, cholesterol and heart attack due to pollution, pollutants such as – food, vegetables, fruits etc., sprayed and coated with chemicals after having been cultivated and harvested with artificial fertilizers, pesticides and chemicals do immense damage to our health.

Development – a blessing or a curse We talk more about the developed and under developed status of states and nations. They are suffering fromstress, strain, noise/nuclear/vehicular pollution, Diabetes, Insomnia and Impotency. Then the question arises

August-September 2013

51

Project Watch

“Is this development? For example, we consider Orissa, Rajasthan and Bihar (where no pesticides and chemicals are used..not educated) as under developed states. Is it correct? It is not so…

and Mother Land as “Bharat Matha,” are under distress due to atrocities on women like the recent Delhi Gang Rape incident. Is this sadistic behaviour the manifestation of our development?

We accept boldly and say that the cities in developed states are more dangerous to live in because of the poor state of hygiene, pollution, maintenance and other living conditions. Similarly “If more hospitals are existing in a city, can we call it as health city? In real sense existence of more hospital means the existence of more and more health problems.” Truly speaking, if we have healthy natural food, drink pure water and live in fresh ambience, it leads us to good health and such living places are called as healthy places. Women, where respected as “Mother-Matha”

Stressful Life ..Strainful Living People of today are restless and stressed up because they don’t have vision and goal in the process of attainment of joy, happiness and livelihood. In the process they are loosing quality of life as they don’t know the way of living life.

Having understood these facts and visualising the future, Dr.GBK Rao took initiative developed once barren, unattended, left out, rocky land into a rocking lavish green, bio-diverse,

balanced, pollution free, serene, green, sheen, natural living place as destination of joy i.e. Pragati. Dr. Rao says often to his associates, friends and well-wishers “Seed the best... achieve the rest”Development of an individual and the society purely depends on the seed sown with positive and negative thoughts. Pragati wants real development not only in India but throughout the universe. By sharing so, he has practiced it and the way of his dealing with the people, external and internal, demonstrates this fact.

Pragati: The ultimate destination of joy Pragati’s vision is to create a Natural Environment and Biological Living, so that everybody can enjoy and experience divine nature. Pragati an environmental institution where one can gain the knowledge of green building concept, aromatic herbal and medicinal plants, religious and sacred plants, waterfalls, water fountains, creeks, natural manure preparation, gow-shala (cow shed).

Go green and conserve biodiversity Pragati Herbal Healing Garden is a role model for people aimed at promoting the concept globally. Our Slogan is ‘Go Green and Conserve Biodiversity’ and ‘Green the Earth, Clean the Mind’ with 3R’s (Reduce, Reuse and Recycle) concept of Square Foot Gardening.

Pragati Biodiversity Park has Eco Tourism, Health Tourism, Rural Tourism, Health Spa, Food Spa with herbal

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H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

touch, Nursery, Sparsh Massage Centre, Ayurvedic treatment like Pancha Karma therapy with R & D facilities all under one roof. Pragati is one of the world’s first resorts to obtain environmental management systems certification ISO 9001: 2008, ISO: 14001:2004 and OHSAS 18001:2007 Pragati has redefined meaning of development

the

Pragati has initiated 16 years ago, in advance, visualising the disaster and developed the place by following the 5 principles of Nature. Panchabhootas i.e. viz., sky, air, fire water and earth. Our logo too has been designed based on these five elements of nature. Balance of these five elements is health. Exploiting and over exploiting of these five elements, against the nature results in imbalance of health.

Land degradation undermines water availability and quality. Over the past four decades, excessive nutrient loading has emerged as one of the most important direct drivers of ecosystem change in inland and coastal wetlands. Most land based activities from agriculture and human settlements generate pollution, land erosion (causing siltation) and nutrient runoff. All of these exert their impact on inland waters. Innovative technologies and integrated solutions are needed at the appropriate scales to ensure more effective water management.

following the principles of biodiversity have maintained the ecological balance in the area.

Pragati - A model herbal healing health campus Pragati’s Herbal Healing Garden brings people closer to wellness and good health. Having converted the area into best fertile land with abundant water enriched through water harvesting It is totally mosquito free with bio-friendly ambience. Total area has now been transformed into lush green lawns, with 25 lakhs plants of various origin, 650 varieties of medicinal and aromatic plants covering mostly Pushpa Ayurveda and Vruksha Ayurveda as per Indian

heritage, some of which are extinct due to various reasons . These plants have been brought and propagated. Out of 650 varieties of medicinal plants, 450 varieties are used to cure 55 diseases inspired from our Charaka Samhita.

For the past 7 years we are conducting environmental tests regularly as per ISO Standards.

Pragati Sparsh–Holistic Health Village with Pragati SparshAyurveda Chikithsalaya: Pragati Sparsh- Prakruti Chikithsalaya, Pragati Sparsh – Natural Spa: Live Naturally with world class equipment and ozonised therapy and sterilization.

Research

based

Ayurveda

and

Natural Farming: Natural Farming entails sustainable farming using all inputs from natural plant materials. Natural farming is the only answer for health as well as for protecting five elements. Natural Farming does not use pesticide. Excessive use of pesticides do not only kill insects; they reside in the soil, air, water etc. When absorbed, it can do serious harm to our bodies and even our next generations.

If Insects are killed by using pesticides and chemicals, we cannot keep-up our biodiversity intact. No living being exists without biodiversity and that is the reason God created everything in a balanced manner. We at Pragati by

August-September 2013

53

Project Watch Naturopathy, where food is the medicine and cleansing, detoxification treatments for preventive, curative and promotive health care is undertaken through a 75 BED Ayurveda Hospital, to be empanelled by CGHS to cater to the need of central government employees. Pragati Bio Pharma, a sister concern of Pragati Group with R & D facilities, Microbiologists, Taxonomists, Pharmacologists, Chemists and Ayurveda Doctors, developed about 70 Pharmacopoeia, 25 Patent Proprietary Products and formulations.

Biodiversity – Awards to Pragati United Nations had invited Pragati to participate in the various events De Souza Dias on the occasion of the side event “Living in Harmony” of CoP11 held at Shanti Sarovar, Hyderabad.

Moreover, the present and former executive secretaries of convention on Biological Diversity, United Nations, Braulio Ferreira de Souza and Ahmed Djoglaf have recognized Pragati as a role model for biodiversity. On their recommendations to the local authorities, Mayors meet was conducted at Pragati on 17th October, 2012.

Recently on 25th June, 2013, Dr. G B K Rao has received an international award in the category of ‘Inspirational Leaders of New India’ Glamme Award

by Planman Media in an event held at Las Vegas, USA. in connection with the International Biodiversity Conference COP 11 and MOP 11 held in Hyderabad from 1st to 19th October 2012. Pragati Green Meadows and Resorts Ltd, Poddutur and Tangutur has been recognised with the Special Jury Award for Preservation and Promotion of Biodiversity given by the Governor of Andhra Pradesh, E.S.L Narasimhan during the side event of ‘Cities for Life’, City and Sub-national Biodiversity Summit held on 16th October, 2012.

Pragati has received a Memento of Appreciation from the United Nations Convention on Biological Diversity Executive Secretary, Mr. Braulio Ferreira Advertorial

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Listing

RESIDENTIAL

Listing of Projects

real estate

S.No. Company:

Project Name:

Property Type:

Size Range:

Contact No:

Location:

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Rock Cliff Apartments Siddivinayaka

Colors

A - Square

Coral Bells

Yellow Blooms

“Rock Cliff”

Silicon Ridge Uttam Residency Jain Salzburg

Ramky One North Jyothi Blues

Fortune Ikon

Jyothi Vista

Krishna Elite

Krishe Valley

Essjay Fortune Flats Apurupa’ Srinivas Height Praneeth Pranav Meadows Prem’s Sai Brindavanam Janapriya Nile Valley Guru’s Choice Residency Foot Prints

Earth Song

Aliens Space Station 1 Jains Carlton Creek Smondo

Ramky Towers

2 & 3 BHK Apartments 2 BHK Apartments 2 & 3 BHK Independent Flats 3 BHK Independent Flats 3 BHK Apartments 3 BHK Apartments 2 & 3 BHK Apartments 2 & 3 BHK Flats Residential Duplex Apartments 2&3 BHK Residential Apts Residential Apts 3 BHK Apartments 3 & 4 BHK Apartments 4 BHK Apartments 3 & 3 BHK Apartments Premium Residential Apartment 2 & 3 BHK Independent 2 & 3 BHK Independent Flats 2BHK Independent Apts 2 & 3 BHK Independent Flats 2 & 3 BHK Apartments 2 & 3 BHK Apartments Residential to 1510 Sft Residential 1695 Sft 2 & 3 BHK Apartments 2,3&5 BHK Residential Apts 2 & 3 BHK Apartments Residential Apts

1125 sft - 1515 sft 1170 sft - 1200 sft 1166 sft - 1604 sft 2120 sft - 2175 sft 2600 sft

2150 sft

1125 sft - 1515 sft 980 sft - 1804 sft 1600 sft

914 Sft - 1273 Sq.ft 1035 sft - 1375 Sft 1615 sft

2125 sft - 3375 sft

4500 sft 1600 sft - 1900 sft 1850 sft – 4500 sft 1165 sft - 2100 sft 975 sft to 1565 sft 1050 sft to 1400 sft 1107 sft 1674 sft 940 sft - 1495 sft 1150 sft to 1414 sft 1165 Sft 9000729977 1300 Sft - 9000729977 1122 sft 2208 sft 1053 Sft - 2556 Sft 990 sft - 1435 sft 2235 to 5120 Sft

Subramanyam - 9908155115 Ravi - 9908155115 Nagendra - 9866326099 Nagendra - 9866326099 Nagendra - 9866326099 Nagendra - 9866326099 Subramanyam - 9908155115 Sathish Varma 9666988688 Vinod K Uniyal 9849222922 Syed imran - 86860 45960 Sridhar 8105899779 9849558979 / 9642323313 7702333563 / 7702301233 9849558979 / 9642323313 Srichand Hinduja - 9292108365 Suresh Sarma – 9985228889 7702333563 / 7702301233 9949949439

Varma - 9849615833

APPA Junction / Bandlaguda A S Rao nagar / Officers colony Alkapuri Township, Manikonda Alkapuri Township, Manikonda Alkapuri Township, Manikonda Alkapuri Township, Manikonda APPA Junction / Bandlaguda

9848027961

23222999 V.Srinivas 9441115599 Mr.Afroz : Gachibowli Mr. Afroz : Gachibowli

Chandanagar Chandanagar, Near Miyapur

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Tirtha (India) Projects Thirtha Projects Pvt Ltd. Anuhar Homes

Anuhar Homes

Anuhar Homes

Anuhar Homes

Thirtha Projects Pvt Ltd. Rajapushpa Properties Pvt. Ltd. Jayadarsini Housing Pvt Ltd Jain Housing & Constructions Ltd Ramky Estates & Farms Ltd Vamsiram Builders

Fortune Group

Vamsiram Builders

Sri Krishna Builders Sri Krishna Ventures Pvt Ltd Fortune Group

Apurupa Infrastructure Praneeth Developers Prem Constructions Janapriya Engineers Syndicate Choice India Infra Projects Alekhya Homes

Alekhya Homes

Aliens Group

Jain Housing & Constructions Ltd Patel Realty

Ramky Estates & Farms Ltd

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

9966234234 Syed imran 86860 45959 Ramesh 7799881247 Tirupathi Reddy 9989055127

Attapur Attapur Bandlaguda, Near APPA Junction.

Bangalore Banjara Hills, Near TV 9 office Banjara Hills, Road No. 10 Banjara Hills, Road No. 5, Banjara Hills, Road No.10 Banjara Hills, Road No.12 Begumpet Boduppal Bowrampet / Bachupally

East Marredpally Financial District, Financial District, Gachbowli - Tellapur Gachibowli Gachibowli Gachibowli

Listing

on offer

Listing of Projects

RESIDENTIAL

S.No. Company:

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Size Range:

Contact No:

Location:

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Green Grace

Bloomfield Elation Towers Ramky One Kosmos Green Meadows

Open Skies

The Retreat

Mantri Celestia

Splendour

Manjeera Diamond Towers Aparna Kanopy Tulip Golden Ridge

Sri Sai Ram Towers

Sri Sairam Towers

Fort View Rainbow Vistas @ Rock Garden Wind Chimes

Foot prints

Atria10

Jyothi Senate

Jyothi Anri

Jyothi Signature

Jyothi Dwelling

Aparna Aura

Saket Sriyam

Saket Pranaam

Jasmine

Choice India

Green Canopy

3 BHK Independent Flats 3 & 3 BHK Apartments 2 & 3 BHK Luxury Apartments 2 & 3 BHK Independent Flats Residential Apartments Residential Apts 2 & 3 BHK Apartments Apartments

2 & 3 BHK Independent Flats 2 & 3 BHK Apartments 1, 2 and 3 BHK Apartments 2 & 3 BHK Apartments Highrise Residential Apartments 3 & 3 BHK Independent Flats 2 & 3 BHK Independent Flats Residential

2 & 3 BHK Independent Flats 3 BHK Independent Flats 3 BHK Apartments

3 BHK Apartments

3 BHK Apartments

3 BHK Apartments

3 BHK Premium Luxury Apartments Residential Apartments Residential Apartments Residential

3 BHK Apartments 2 & 3 BHK Apartments

2160 sft - 2870 sft 1320 sft 2577 sft 1030 sft - 1575 sft 1045 sft - 1435 sft 4700 Sft - 5100 Sft 1250 Sft - 2107 Sft 850 sft - 1198 sft 966 sft - 1933 sft 777 sft - 1510 sft 930 sft - 1495 sft 672 sft - 1664 sft 1200 sft - 2800 sft 1500 sft - 5000 sft 960 sft 1480 sft 1250 sft 2165 sft 2200 Sft - 2700 Sft 1165 sft - 1620 sft 2061 sft 2887 sft 3500 sft 9642323313 3200 sft

2800 sft

2600 sft

1820 sft - 2406 sft 1241 sft - 1999sft 516 Sft - 1861 Sft 1140 Sft - 1695 Sft 2900 sft

1250 Sft - 1800 sft

9052252222

Gachibowli

9393696959 Srinivas Reddy - 8008102575 9052252222

Sathish Varma - 9666988688 Damodar - 9666988588 Srinivas Manda - 9177444769 9700085888 / 040-66336633 66176617 / 23735194

9505201115 9440029000 / 8500040022

9346046071 / 72 Pradeep - 9393559595

Gachibowli Gachibowli Nallagandla Gachibowli Extension Gachibowli, Kokapet Gachibowli, Kokapet Gachibowli, Near Wipro Junction Gajularamaram, Kukatpally Gopanpally Gachibowli Gudlapochampally, Kompally Gujularamara Quthubullapur Hafeezpet, Near Hitec-City Hafeezpet, Near Hi-Tech City,

9348521652

Himayathsagar Road

9989424444 Mr.Afroz : 9000729977 9553074447 / 9000729977

Hitec City Hitex Journalist Colony, Near Wipro Circle

040-27890917 9849558979 /

Jubilee Hills Jubilee Hills

9849558979 / 9642323313 9849558979 / 9642323313 9849558979 / 9642323313

950520115 Hari Babu - 9652352233 Hari Babu 9652352233 Mr.Afroz : 9000729977 V.Srinivas 9441115599 Ramesh - 9849958853

Jubilee Hills, Opp. Andhra Jyothi Jubilee Hills, Opp. Andhra Jyothi Jubilee Hills, Opp. Andhra Jyothi Jubilee Hills, Shaikpet Kapra, A.S. Rao

S & S Green Projects Pvt Ltd Vasudeva Realtors Pvt Ltd Ramky Group

S & S Green Projects Pvt Ltd Rajapushpa Properties Pvt. Ltd. Rajapushpa Properties Pvt. Ltd. Mantri Developers Pvt Ltd Modi Builders & Realtors Pvt Ltd Manjeera Projects

Aparna Shelters Pvt Ltd Andhra Infra Projects Pvt Ltd Sai Sai Ram Projects Limited Sri Sai Ram Projects Ltd. Theme Ambience Constructions Cybercity Builders & Developers Alekhya Homes

Alekhya Design Homes Bhanu Estates

Vamsiram Builders

Vamsiram Builders

Vamsiram Builders

Vamsiram Builders

Aparna Constructions Saket Engineers Pvt. Ltd. Saket Engineers Pvt. Ltd. Alekhya Homes

Choice India Infra Projects Hallmark Alekhya Homes

Kapra, ECIL Kavuri Hills Kavuri Hills Khajaguda, Beside Lanco Hills August-September 2013

57

Listing

RESIDENTIAL

Listing of Projects

real estate

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Carlton Creek

Rajapushpa’s The Retreat Palm springs

Kumkum Heights

Bliss Adi Emerald

Lahari’s Adi Emerald Janapriya Arcadia

Nsl-Sushaanta

NSL-Sanskruti

Emami Swan Lake Vaddepally Enclave Vertex Prime

Vertex Sadguru Krupa

Alekhya Towers Cecon Manor

Jyothi Lotus

Krishna Dhaam

Gowra Tulips

Bollineni Homes

Lanco Hills

Domina

Madhu Park Ridge Aparna Hill Park Lake Breeze Aparna Hillpark Avenues Janapriya Metropolis Imperial Fortune

Aparna CyberZon

2 & 3 BHK Apartments 2 & 3 BHK Apartments Apartments

2 & 3 BHK Apartments Residential 3 BHK Apartments 3 BHK Independent Flats 2 & 3 BHK Apartments 2 & 3 BHK Apartments 2 & 3 BHK Apartments 2 & 3 BHK Hirise Gated Community 1, 2 and 3 BHK Apartments 2 & 3 BHK Apartments HUDA Approved 3 BHK Apartment 1, 2, 3 and 4 BHK Apartments 2 & 3 BHK Independent Flats 3 BHK Apartments

2 & 3 BHK Apartments 2BHK Independent Apts Residential Apartments Luxury Apartments Condominiums

2 & 3 BHK Apartments 2 & 3 BHK Apartments 2 & 3 BHK Independent Flats 2 & 3 BHK Apartments 2 & 3 BHK Independent Flats 2 & 3 BHK Apartments

1364 sft - 2556 sft 1250 sft - 2107 sft 1200 sft - 1910 sft 1155 sft - 1940 sft 1645 Sft 1828 sft - 2214 sft 1828 sft - 2035 sft 925 sft - 1460 sft 1272 sft - 2090 sft 1190 sft - 1628 sq.ft 1133 sft - 2011 sft 490 sft - 1645 sft 1140 sft - 1470 sft

1800 sft 975 Sft - 4000 Sft 1000 sft 1550 sft 3200 sft

960 sft - 1350 sft 970 sft - 2520 sft 2800 sft - 4700 sft 1900 Sft - 4477 sq ft 1195 Sft - 1580 sq ft 1200 Sft - 2766 sft 1295 sft - 2335 sft 1150 sft - 1670 sft 850 sft - 1250 sft 900 sft - 1500 sft 1245 sft - 1855 sft

Siva Prasad - 9885976647 Mr.Damodar- 9666988588 9700085888 / 040-66336635 7702333563 / 7702301233 Afroz : 9000729977 Prasad Vasireddy - 9963265559 9963265559 / 9963465559 23222999

Deepak - 9581412782 Vamsi 9581412794 Sreevikas, 8886922233 8978999449 / 9963222278 Ravi - 9396844261 Ravi - 9396844261 Aditya Mitta - 9248003369

Khajaguda, Near Gachibowli Kokapet, Gachibowli

58

Narne Homes

Rajapushpa Properties Pvt Ltd Modi Builders & Realtors Pvt Ltd Fortune Group

Alekhya Homes Srinilaya Projects

Srinilaya Projects

Janapriya Engineers Syndicate NSL Infratech Pvt Ltd NSL Infratech Pvt Ltd Emami Constructions Sumashaila Developers Vertex Homes

Vertex Homes

Alekhya Const.

Limited Cecon Builders

Vamsiram Builders

Sri Krishna Builders

Gowra Ventures

Bollineni Developers Limited Lanco Hills Technology Park Lanco Hills Technology Park Madhu Infrastructure Aparna Constructions Aparna Constructions Janapriya Engineers Syndicate Fortune Group

Aparna Constructions

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

30681972 9849558979 / 9642323313 Srichand Hinduja - 9292108365 Sheelan - 42005189 8008004755 Chakravarthy - 9959090390 Amit : 080084 94973 Amit : 080084 94973 Narender - 9948837100

9010251099

040-23352708

23222999 7702333563 / 7702301233

9010716060

Kompally Kondapur Kondapur Kondapur (Lahari Homes) Kondapur, Near Chirec School Kowkur, Near Alwal KPHB KPHB Kukatpally Kukatpally Kukatpally, Nizampet Road Kukatpally, Nizampet Road L B Nagar, Hyderabad Lingampally Lutus Pond, Banjara Hills M J Colony (A.S.Rao Nagar) Madhapur Madhapur, Hyderabad.

Manikonda, Near Gachibowli Manikonda, Near Gachibowli Mehdipatnam, Near Langar House Miyapur, Chandanagar Miyapur, Chandanagar Motinagar, Near Ameerpet Moulali Nallagandla, Gachibowli

Listing

on offer

Listing of Projects

RESIDENTIAL

S.No. Company:

Project Name:

Property Type:

Size Range:

Contact No:

Location:

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Aparna Sarovar Grandè Golf View

Golf Edge

N 95

Jyothi Maddula

Venkatadri Heights Muppa’s Aishwarya Emerald Heights Sri Sai Ram Green Meadows Samvruddi Sirisampada Jasmine

Marigold

Bird of Paradise

Anmol Bhaskara Signature Janapriya Lake Front Saket Callipolis

Empress Towers

Wind chimes

Aditya Silicon Heights Srinivasa Krupa

Ashoka Springfields Vasavi’s Shantiniketan Vasavi’s Brundavanam Vasavi’s Bhuvana

Vasavi’s Grande Vista

3 & 4 BHK Apartments 2 & 3 BHK Independent Flats 2 & 3 BHK Apartments 4 BHK Apartments 4 BHK Apartments

2 & 3 BHK Independent Flats Apartments

Apartments 2 & 3 BHK Independent Flats Residential Apartments 2 & 3 BHK Apartments 3 BHK Apartments 3 BHK Independent Flats Residential Apartments Residential Apartments 2 & 3 BHK Apartments Residential & Commercial Apts Residential Apartments 2 & 3 BHK Apartments Residential Apartments Residential Apartments Residential Apartments Residential Apartments Residential Apartments Residential Apartments Residential Apartments

1920 sft - 3745 sft 1130 sft 2050 sft 1034 sft - 2018 sft 3800 sft

5000 sft

990 sft - 1614 sft 1120 sft - 1400 sft 947 sft - 1895 sft 1236 sft - 1918 sft 1600 sft - 1625 sft 1140 sft - 1695 sft 2934 sft

1683 sft - 1685 sft

1550 sft

2532 sft 810 sft 1200 sft 1302 Sft - 2005 Sft 1575 sft - 2385 sft

2500 sft 1325 sft - 1700 sft 1835 sft - 2738 sft 1245 sft - 1760 sft 1200 Sft to 3000 Sft 1200 Sft to 2000 Sft 2200 Sft to 3500 Sft 1200 Sft to 3200 Sft

9010484597

Nallagandla, Gachibowli

9348521652 9160098888 / 9160001559 V.Srinivas 9441115599 9849558979 / 9642323313 9573563357 / 9573567357

9885512222 9700085888 / 040-66336634

9346046071 / 72 Nagewar Reddy - 7702979752 9553074447 / 9000729977 9553074447 / 9000729977 9553074447 / 9000729977 D Venu, 9704966834 Arvind 7799958259

Nanakramguda Nanakramguda, Gachibowli

Aparna Infrahousing

Theme Ambience Constructions Phoenix Living Spaces Choice India Infra Projects Vamsiram Builders

Ventura Housing

Muppa Homes

Modi Builders & Realtors Pvt Ltd Sai Sai Ram Projects Limited Sirisampada Constructions Alekhya Design Homes Alekhya Design Homes Alekhya Design Homes Hardhik Constructions Sai Shakti Projects

Janapriya Engineers Syndicate Saket Engineers Pvt. Ltd. Aditya Construction Company Alekhya Design Homes Aditya Construction Company Vishal Projects Ltd

Sai Shakti Projects & SVAS infra Vasavi Group

Vavasi Group

Vasavi Group

Vasavi Group

23222999 Prabeer - 9848877111 Ramakrishna - 9912225072 9553074447 / 9000729977 Ramakrishna - 9912225072 Karunakar - 9666669835 Akilesh - 8897088000 Vijay Kumar Y - 9866487555 Vijay Kumar Y - 9866487555 Vijay Kumar Y - 9866487555 Vijay Kumar Y - 9866487555

Nandagiri Hills Nandagiri Hills, Jubilee Hills Narapally Narsingi Groth Corridor Pocharam Pragathi Nagar, KPHB Raghavendra Colony, Kondapur Ravindra Society, Kavuri Hills Ravindra Society, Kavuri Hills.

Ravindra Society, Kavuri Hills Ravindra society, Madhapur S R Nagar Sainikpuri Sarjapur Road, Opp Wipro,Bangalore Shaikpet, Jubilee Hills Shilpa Hills, Hitec City Tellapur Gachibowli Trimulgherry R.T.C.Colony.

Chandanagar, Near BHEL White Fields, Kondapur Moti Nagar, Hyderabad Sri Nagar Colony Dairy Farm Road, Alwal

August-September 2013

59

Listing

Villas

real estate

Listing of Projects

S.No. Company:

Project Name:

Property Type:

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Neville

Namaha Lakewood Keerthi Richmond Villas SRK Green Park

Praneeth’s Pranav County Symphony Park Homes Bommarillu Golden City Aditya Ville Grande Praneeth Pranav Meadows Silveroak

Orion Villas

Bloomfield Elation Villas Bloomfield Ecstasy First Leaf

Cannon Dale

Suchir’s Koral Reet Sunshine Park

Aparna Kanopy Lotus Sterling Homes

Wonderful World

Rajapushpa’s OPEN SKIES Rajapushpa’s Cannon dale Saket Bhusattva

Vaddepally Enclave

Ramky Pearl

Vertex Lake View

Bollineni Homes

Vishal Sanjivini

Hanging Gardens

Jayadarsini Township Namaha Rhythm

1, 2 & 3 BHK Premium Villas Independent Villas

4BHK Triplex Villas 3 & 4 BHK Independent Villas Independent Villas Independent Villas Independent Villas

Residential Villas

Independent Villas

Bungalows

4 BHK Independent Villas 5 BHK Independent Villas 4 BHK Independent Villas 4 BHK Independent Villas Residential villas 2 & 3 BHK Independent Villas Luxury Villas

91 - East & West facing Villas Independent Villas

3 & 4 BHK Independent Villas Luxury Duplex and Triplex Villas Luxury Triplex Villas Premium Villas

Independent Triplex Villas Independent Villas

HUDA Approved 4 BHK Triplex Villas Residential Apartments Villas

Villas

Duplex Villas Independent Villas

1101 sft - 1579 sft 375 Sq Yds - 4300 sft 3400 Sft - 4037 Sft 167 Sq Yds - 350 Sq Yds 120 Sq Yds - 300 Sq Yds 150 Sq Yds - 400 Sq yds 200 Sq Yds - 717 Sq Yds 4970 sft - 350 Sq Yds 150 Sq Yds - 200 Sq Yds 174 Sq Yds - 244 Sq Yds 360 Sq Yds - 520 Sq yds 241 Sq Yds - 350 Sq Yds 240 Sq Yds - 350 Sq Yds 4541 sft - 4685 sft 4200 Sft - 4450 Sft 110 Sq Yds - 240 Sq Yds 1494 sft

160 sq yds - 330 sq yds 2593 sft - 3131 sft 259 Sq Yds - 302 Sq Yds 450 Sq Yds - 600 Sq Yds 330 Sq Yds – 500 Sq Yds 200 Sq Yds - 400 Sq Yds 200 Sq Yds

206 Sq Yds - 380 Sq Yds 240 sq yds

2800 sft - 4700 sft 2000 sft - 4000 sft 5800 sq ft - 5850 sq ft 300 Sq Yds- 2000 Sq Yds 167 Sq yds - 267 Sq Yds

60

Sunway Opus Grand

Namaha Estates

Keerthi Estates P L

SRK Green Avenues Pvt Ltd Praneeth Developers

Safeway Infra

Bommarillu Farma & Villas Ltd Aditya Housing & Infrastructure Praneeth Developers

Modi properties & Investment pvt ltd.

NSL Infratech Pvt Ltd Vasudeva Realtors Pvt Ltd Vasudeva Realtors Pvt Ltd Pooja Ventures

Rajapushpa Properties Pvt. Ltd. Suchir India Developers (P) Ltd Modi Builders & Realtors Pvt Ltd Aparna Shelters

Modi Builders & Realtors Pvt Ltd Pooja Ventures

Rajapushpa Properties Pvt Ltd Rajapushpa Properties Pvt Ltd Saket Engineers Pvt. Ltd. Sumashaila Developers Ramky Estates & Farms Ltd Vertex Homes

Bollineni Developers Limited Vishal Projects Limited Lanco Hills Technology Park Jayadarsini Housing Pvt Ltd Namaha Estates

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

Contact No:

040-23038888

MINOO – 98483 02929 Meena Reddy - 9966603939

8008577707 / 08 Murari Bhagat - 9959615853 9849844488 / 7799766662 Ria - 32556399 9666201016 Ramakrishna - 9912225072 Varma - 9959615833 Rajkumar - 040 65272343 Vamsi - 9581412794 9393696959

9393696959

Sudhamsh Reddy - 9703752225 Sathish Varma - 9666988688 66685000 / 6000 9700085888 / 040-66336634 9505201115

9700085888 / 040-66336640 9010770000 / 66770000 Sathish Varma- 96669 88688 Sathish Varma- 96669 88688 Uttam Thakur - 9849857633 8978999449 / 9963222278 Venugopal - 9701001276 Ravi - 9396844261 Chakravarthy - 9959090390 K Karunakar - 9666669835 Amit : 080084 94973 Vinod K Uniyal - 9849222922 MINOO – 98483 02930

Location:

Ameenpur Village APPA Junction APPA Junction, Near Glendale Bachupally ‘X’ Roads Beeramguda Near BHEL BHEL Bhongiri Bowenpally, Near Suchitra Junction Bowrampet Cherlapally Gachibowli Gachibowli Gachibowli Gopanpally Gachibowli Gopanpally Gachibowli, Kokapet Genome Valley, Shameerpet Ghatkesar Gudlapochampally, Kompally Gundlapochampally, Kompally Kismatpur, Near APPA Junction Kokapet at Gachibowli Kokapet at Gachibowli Kompally, Gowdevally Kukatpally Kukatpally Kukatpally, Nizampet Road Madhapur, Hyderabad.

Maheshwaram, Behind Fabcity Manikonda, Near Gachibowli Medchal Miyapur

Listing

on offer

Listing of Projects

S.No. Company:

Project Name:

Property Type:

Size Range:

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

Greenwoods

Aparna HillPark Gardenia Villas at Silver creek Emerald Park

Serene Pragati

Nilgiri Homes

Silver Crest

Orange County

Bloomdale

Harmony Homes Beverly Slopes

My City

Suchir’s Timberleaf Icon’s Isle

Vision Infiniti Homes Tudor Ken

Lake View

Info Tech City

JIVIKA at Rajeshwara

Poulomi Aristos

Luxury Villas

116 - 3 BHK Luxury Villas GHMC approved villas Luxury Villas

1, 2 & 3 BHK Independent Villas HMDA approved residetial Villas Independent Villas

1, 2 & 3 BHK Independent Villas HMDA approved residetial villas

Luxury Villas 3 BHK Independent Villas Villas

4 BHK Independent Villas 3 & 4 BHK Independent Villas 4 & 4 BHK Independent Villas 4 BHK Luxury Villas 3 BHK Independent Villa Independent Villas

Villas in Gated Community Premium Independent Villas

1490 sft - 1494 sft 3409 sft - 3475 sft 173 Sq Yds - 187 Sq Yds 1490 sft

608 sft - 1 1900 sft 117 Sq Yds - 240 Sq Yds 110 Sq Yds - 177 Sq Yds 150 Sq Yds

178 Sq Yds - 199 Sq Yds 1490 sft - 1494 sft 1425 sft - 1531 sft 200 Sq Yds - 300 Sq Yds 3526 sft - 3610 sft 2835 sft - 3634 sft 460 Sq Yds - 575 Sq Yds 289 Sq Yds - 311 Sq yds 2652 sft - 2665 sft 267 Sq Yds - 600 Sq Yds 300 Sq. Yards; 3300 sft 380 Sq Yds and above

Modi Properties & Investment Pvt Ltd. Aparna Constructions

Modi Properties & Investment Pvt Ltd. Modi Properties & Investment Pvt Ltd. Pragati Green Meadows & Resorts Modi properties & Investment Pvt Ltd. Janapriya Engineers Syndicate Aakash Green Homes Pvt Ltd Modi properties & Investment Pvt Ltd. Modi properties & Investment Pvt Ltd. Green Home

Green Home

Suchir india

Green Home

Vision Avenues Pvt Ltd Tudor Infrastructure

Theme Ambience Constructions Headway Properties

Aditya Constructions

Poulomi Estates Pvt Ltd

Contact No:

Location:

9700085888 / 040-66336635 9912111592

Praveen Pathak- 9618247247 9700085888 / 040-66336635 9848799189 / 9848090180 Naveena- 9989818695 23222999

Miyapur

Laxma Reddy - 8886666665 Nagarjuna- 994993587 9700085888 / 040-66336635 9849044396 / 9000001169 9849044396 / 9000001169 66135000 / 66136000 / 7000 9849044396 / 9000001169 9989999853 / 9989999856 7702777549

Shadnagar

9348521652,

Tolichowki

G. Phani Raj - 9052228302 Avinath P - 9849794002 Prashanth Rao 9849044140

Tummalluru

Miyapur, Chandanagar Nagaram, Near Kushaiguda Pocharam Proddutur Rampally Near Pocharam Sainikpuri

Shamirpet Shamirpet Shamshabad Shamshabad Shamshabad Shamshabad Airport Road Tellapur Tellapur

Miyapur, Bachupally Road Kokapet

Listing of Projects S.No. Company:

Project Name:

Property Type:

Size Range:

1

2

3

4

5

6

7

LAHARI GREEN PARK Lorvens Gold Leaf

Aparna Kanopy Jasmine Primus Epsilon

Sukrithi Royal

Red Clay Court II

HMDA Regularized, Independent plots Plots

Plots

133 - Residential Plots Plots

HMDA Approved Residential Layout HMDA Approved Residential Layout

600 sq yds onwards 76 acres

350 Sq Yds - 505 Sq yds 267 sq yds - 467 sq yds 267 Sq Yds - 433 Sq Yds 267 Sq Yrds

267 Sq Yrds

Lahari Green Park

Vasundhara Projects Pvt Ltd Oorjita Projects

Aparna Shelters Pvt Ltd Primus Developers

Subha Gruha Projects

West Mount Projects

Villas

Contact No:

Plots

Location:

Srinivas

Vamsi 9959934488 Nitin - 9849098028 9948663170

9989420202

SSRK Prasad 9000381234 Dr. T S Rao - 9848017162

Bhanoor Dasarapalli Gandipet, Manchirevula Gudlapochampally, Kompally Gundlapochampally, Kompally Kandukur Maheswaram Mandal

August-September 2013

61

Listing

Plots

real estate on offer

Listing of Projects

S.No. Company:

Project Name:

Property Type:

Size Range:

8 9

10

11

12

13

14

15

16

17

18

19

20

21

Metro Homes Jayadarsini Township Green Acres

AVC Township

Aliens HUB

Rainbow Drive

Bloomington

Lahari Infrastructure Limited

Aishwarya Residency Maple Meadows

Eldorado

Sukruthi Royal

Pragati Green Islands_Phase 2 Green Meadows

Plots Plots

Plots

Residential Plots

Residential Plots

Plots

Plots

independent, Plots

Plots Residential Layout

Plots

Residential Plots

Freehold Property, Open Plots Residential Plots

26 acres 300 Sq Yds 2000Sq Yds 1000Sq Yards

200 Sq Yds - 500 Sq Yds 300 Sq Yds- 2000 Sq Yds L.P. No. 01/ Lyt/HADA/06 500 Sq Yds - 1000 Sq Yds 250 sq yds - 400 sq yds

200 Sq Yds 267 Sq Yrds

200 Sq Yds - 534 Sq Yds 267 Sq Yds - 534 Sq Yds 167 Sq Yds - 333 Sq Yds

Headway Properties Jayadarsini Housing Pvt Ltd Green Home

AVC Group

Aliens Group

Green Home

Green Home

Lahari Green Park

Pudota Estates India Pvt Ltd Subha Gruha Projects

Green Home

Subhagruha Projects

Pragati Green Meadows & Resorts BTS Estates Pvt Ltd

Contact No:

23555441 Vinod K Uniyal - 9849222922 9849044396, 9000001169 9391078186

9966234234

Location:

Medchal Medchal Moinabad Nagarjuna Sagar Highway Road Shamshabad

P.V.Ratnam - Shamshabad 8977812565 Airport Road 9849044396, Shamshabad Airport 9000001169 Road Srinivas 7799777755 Shankarpally Jaya Prasad Raja 9949036460 Shankerpally SSRK Prasad Ph No.9000381234 Srikakulam Highway 9849044396, Srisailam 9000001169 Highway Road Ramana - Srisailam 9177966407 Highway Road P V Vijay Kumar - Proddutur (V), 9848799189 Shankarpally (M) S R Niranjan 9849999036 Bhimili, Vizag

Listing of Projects

Commercial

S.No. Company:

Project Name:

Property Type:

Size Range:

Contact No:

Location:

1

Gowra Ventures

The Platina

Commercial

1 million sft

42005189 / 90

Gachibowli

2

Ramky Estates & Farms Ltd

Ramky Towers Grandiose

Commercial

2 Lakhs sft

Venugopal Reddy - 8008012889

Gachibowli

3

Fortune Group

Fortune Monarch

Commercial

200000 sft

7702333563

Jubilee Hills, RdNo. 36

4

Vamsiram Builders

Gateway Jubilee

Commercial

30000 sft

9849558979 / 9642323313

Jubilee Hills, Road No.36

5

Vamsiram Builders

Jyothi Tycoon

Commercial

27000 sft

9849558979 / 9642323313

Kavuri Hills, Opp. Chocolate Room

6

NSL Infratech Pvt Ltd

Nsl- Centrum

Retail&Office space 2.54 lakhs sft

Varun dubey 9581412781

KPHB

7

PBSAMP Projects Pvt. Ltd

Krishe Sapphire

Premium Office Building

8000 sft - 24000 sft

9985228889

Madhapur Main Road

8

Ramky Estates & Farms Ltd

Ramky Selenium

Commercial

4.5 Lakh Sft

Venugopal Reddy - 8008012889

Nanakramguda, Financial district

9

Choice India Infra Projects

Choice Center

Commercial

40000 sft

V.Srinivas 9441115599

S D Road

10

Vasavi Group

Imperial Towers

Commercial

Customised

Vijay Kumar Y - 9866487555

Ameerpet

62

H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e

RNI. No. APENG/2012/44473