Horizons Volume 2
ANDHRA PRADESH REAL ESTATE DEVELOPERS’ ASSOCIATION www.apreda.org
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Issue 18
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` 50 | August-September 2014
AP’s most credible real estate magazine
Special Report
In focus
Curtains rise on 5th TREDA property show
Industry hails union budget P32
Arch Talk
Land mark facades P42
P36
emerging hotspots of pearl city P20
c o n t e n t s Volume 2
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Issue 18
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August - September 2014
Cover Story
Emerging hotspots of Pearl City Page 20
In focus
Curtains Rise on 5th TREDA Property Show Page 36 Arch Talk
landmark Facades
Special Report
Industry hails Union budget
Page 32
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HORIZONS AP’s most credible real estate magazine
Other Sections
Page 42 08
News watch
46 Happenings 47
APREDA Diary
48
Pulse
50
Auspicious Days
50
Humour Corner
51 Market Monitor 52 Property Lisiting
Editor’s Note
Horizons
Hyderabad Realty on Resurgent mode!!!
www.apreda.org
Volume 2 Issue 18 August - September 2014
Welcoming you all with this edition of Horizons for the first time from the newly formed state of Telangana! There is renewed hope that Hyderabad, home to the Indian headquarters of Microsoft, Google, Facebook, Amazon and Yahoo is all set to ride the revival wave with central government’s announcement of series of incentives in the union budget that would encourage the home buyers to buy their home. Especially the fence sitters, who have been all this while on a wait and watch mode are closing the deals. To top it all a host of projects announced by the Telangana government has added to the creation of an investment friendly environment. Even after the Centre’s in-principle approval to the division of Andhra Pradesh in 2009, property prices in Hyderabad did not recover as expected. Reason: Hyderabad had a land surplus and low demand at that time, creating a buyers’ market. But by 2013, builders had exhausted most of the built stock and started going slow on new projects. Now after striking near equilibrium in terms of supply and demand, high input costs and low supply will see the markets going northwards. Hyderabad is predominantly an end-user market. Over the last 5-6 years, people from other states have constituted a considerable section of the consumer base. Even if some people may prefer to buy properties near proposed new capital of the successor state of AP, demand from people of other states working in the city will more than compensate for the loss as the job market is improving with new office space leasing which touched 2.3 million in the H1 of 2014. Political stability, speeding up of the ongoing infra projects besides new projects announced by the state governments will see the price of open plots gradually firming up in selective pockets. Our cover story ‘Emerging hot spots of Pearl City’ dwells into these areas that could fetch substantial gains if investment is made in them now. Our ‘Special Report’ gives you an overview of the provisions of this year’s union budget and its impact on the realty sector. In the run up to the ‘5th TREDA Property Show’ to be held from 17th to 19th October, 2014, a feature on property show under our section ‘In focus’ dwells into the upcoming event giving details of how it could give a boost to the industry. Concurrent with the show TREDA is organising a conference on “Resurgent Hyderabad” with the cream of leaders from various business sectors participating in the discussions to speed up the resurgence process. The section on Arch Talk initiated in our last issue continues along with other regular features including ‘News Watch’ giving you an in-depth dose of realty news. Hope you enjoy reading as we did wrapping up this edition. Please do send in your feedback. Here is wishing to all our readers a very Happy Independence Day! Jydip Mukherji Executive Editor
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 : Raaj Sree Ram Siddamsett
Trivita Roy
Production Team Designed By : Dream Makers
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 Sri Vani Print & Pack, 7-1-282/c/44 & 55, Lingaiah Nagar, Balakampet, Hyderabad-500018, Telangana
Published From AP Real Estate Developers Association, # 102, Tirumala Shah Apartments, Yellareddyguda, Ameerpet ‘X’ Road, Hyderabad - 500 073, Telangana
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News Watch
National Govt to launch realty investment trusts by August
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n a big push to core projects that have been facing a paucity of funds, the government is set to launch infrastructure investment trusts by August this year. “Market regulator Sebi will notify these trusts in about three weeks along with the real estate investment trusts (REITs),” said finance secretary Arvind Mayaram. To be run on the line of REITs that work on pooled investments, the infrastructure investment trusts (INVITs) will help project developers free up their balance sheets from ongoing projects and raise cheaper and longer duration funds for new projects. Under the plan, project developers can create and register a trust under the Indian Trusts Act to which
they can sell 100 per cent of the special purpose vehicle that holds their ongoing projects such as tolled roads or airports. The trust would have a controlling stake in the infrastructure projects, allowing the developer to exit. Based on the underlying shares, the trust would then
More than 10 companies line up for REITs
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n the wake of the budget proposal last week, several real estate companies and private equity funds are planning to list their commercial property portfolio through the real estate investment trusts (REITs) in the near future. These include Embassy group, DLF, RMZ Corp, Xander, Red Fort Capital among others, all of which have accumulated income generating commercial assets. “There are over 10 companies that are in different stages of preparing a portfolio that can be ‘reited’,” said Anckur Srivasttava, chairman of GenReal Property Advisers. Finance minister Arun Jaitley had proposed incentives for real estate investment trusts or REITS, which are listed entities that primarily invest in leased office and retail assets, allowing
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issue shares to investors, which would be listed on the bourses. Earnings from the projects would be distributed by the trust to investors as dividend while the project developer would only get a management fee. The trust would be a tax pass through and retire the debt of the project developer, freeing him to take up new projects. At present, what happens is that even if the developer has the technical capability to execute more projects, he does not have the financial capacity as he has already taken up bank loans to implement his ongoing projects. The INVITs would help developers unlock their capital and take up more projects. A lot of companies have already shown interest in the plan.
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NBCC sets up R&D centre
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developers to raise funds by selling completed buildings to investors and listing them as a trust. REITS seeks to reduce the pressure on the banking system and make available a new avenue of equity to cash-strapped developers. The budget seeks to provide a pass-though status to REITS for the purpose of taxation, which means a REITS holder will pay tax on the income, not the fund.
HORIZONS AP’s most credible real estate magazine
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ational Buildings Construction Corporation Ltd (NBCC) has set up a centre for innovation and research and development in New Delhi, the company said in a statement recently. Anoop Kumar Mittal, CMD, NBCC, said, “The company had been seriously considering setting up of such a centre in order to effectively address some demanding issues related to construction such as adoption of new technology, eco-friendly green building materials for sustainable, safe, faster, cost effective and quality construction.” He added that the new centre would exclusively work in mitigation of building collapse problems emphasizing upon innovation, sustainable development, safety and productivity. The company has made an initial allocation of Rs 2 crore for the purpose.
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News Watch
Modi govt seeks to make it easier to acquire land
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rom scrapping the “consent clause” for Public Private Partnership (PPP) projects to narrowing the definition of “affected families” eligible for rehabilitation and resettlement, the Rural Development Ministry has proposed a number of amendments which, if cleared, could lead to large scale dilution of the new Land Acquisition Act, making the process of acquiring land easier. Union Rural Development Minister Nitin Gadkari had said a report would be submitted to the PM in 10 days, based on inputs received from the states. The report lists 19 proposed amendments, represented as a “summary of suggestions” on the Act made during the meeting.
The ministry has also proposed that the mandatory Social Impact Assessment (SIA) study should be confined to only large projects or PPP projects “as it may delay the acquisition process”. Under the current Act, SIA is mandatory and has to be completed within six months. If cleared, this proposal would reduce the timelines for all land acquisitions. The report proposes a “re-examination” of the “elaborate” definition of “affected families” eligible for rehabilitation and resettlement benefits under the Act. The proposal seeks to exclude “livelihood losers”, who have been working in the affected area for three years and whose primary source of livelihood is affected, from the purview of the Act.
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IGBC targets 10 billion sqft green building area by 2022
Allot land to turn debris into building material: Venkaiah
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rban development minister Venkaiah Naidu has asked DDA to allot land to each of the municipal bodies where facilities can be installed to convert debris into building material. "This is a part of our national declaration adopted by all states to make cities better. I have asked DDA to do this on priority basis since the issue was raised by the three Mayors," Naidu said. Sources said the three municipal bodies have been demanding allocation of sites to carry out such task and so far only the South corporation has got a patch of land.
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ndian Green Building Council (IGBC) today said over 2 billion sq ft area of green building projects has been registered so far and is targeting to have 10 billion sq ft by 2022. IGBC is a part of CII-Godrej Green Business Centre, which is actively involved in promoting the green building movement in India. "IGBC, part of CII, has recently crossed the milestone of 2 billion sq ft builtup area of green building projects registered with the Council. The larger plan and strategy of IGBC is to have 10 billion sq ft by the year 2022 when India will be 75 years post-independence," IGBC said in a statement. The relationship between IGBC and US Green Building Council (USGBC) is further being strengthened to work on increasing the uptake of green buildings in India. "The license agreement that IGBC had signed with USGBC
in 2004 comes to an end in June 2014 and a new agreement is being signed for the next 10 years to work in the areas of advocacy, knowledge exchange and market transformation," IGBC said. The LEED India projects which are already registered with IGBC will be certified by IGBC till end of 2018. Starting July 1, 2014, LEED projects in India will be registered and certified directly by GBCI, the certification institute appointed by USGBC. IGBC will continue to certify projects under IGBC Homes, IGBC Townships, IGBC Factory buildings, IGBC SEZ and IGBC Landscaping. "LEED India rating, which is for commercial buildings, forms about 25 per cent of total builtup area registered with IGBC for green building projects in India. Very soon rating systems for green schools and affordable housing segments will be launched.
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August - September 2014
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News Watch
National DLF to install solar panel on commercial buildings
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LF is set to become the first real estate developer in the country to generate power by installing solar panels on top of its office buildings, a move similar to the experiment in Gujarat, where the state government has installed such panels on top of government buildings in capital city Gandhinagar. The developer has signed a buildand operate agreement with UK-based Aniron Solatricity and Azure Power India to install solar panels on top of commercial buildings owned by DLF as an initial pilot project to produce 3 mw of power. The solar power generated will be routed to the buildings and combined with the main power source. "It will help us use the unused terrace spaces of our buildings for generating power from environment friendly sources," said Amit Grover, national director-offices business at DLF. The developer's office buildings in Gurgaon, Delhi, Kolkata and Chennai are being used for this project. DLF had earlier installed a 100 mw captive power plant in its DLF Cybercity in Gurgaon that runs on gas. This plant provides an
Environmental nods to be given online `in a day'
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ver a month after kicking off its online environment clearance system for industrial and infrastructure projects, the government recently launched a similar e-window platform for forest-related approvals and promised to go online for mining and other clearances as well by March next year. The online clearance system is the second such move of the environment ministry in its effort to ensure faster approvals. The ministry had taken the first step in this direction on June 5 when it had launched online environment clearance mechanism. “These measures are intended to bring in more transparency, efficiency and accountability in grant of regulatory clearances and their monitoring,“ environment minister Prakash Javadekar said. He also said his ministry was planning to bring in a process to give both environmental and forest clearances simultaneously and even “in a single day“to industries which adhere to all the existing green norms“. The practice of first giving clearance before moving on to the forest clearance proposals used to delay projects under UPA. The move to make the clearance system online is expected to help industries get faster clearances. The offline mode for forest clearance will continue during the transition period till August 14. It will go online from August 15.
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B'lore realty prices dipped in 1 yr
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uninterrupted power supply to offices in Cybercity. While no other private company has so far installed solar projects on its rooftops, Gujarat government has installed solar panels to generate 5 mw of power on the roofs of government buildings and has plans to replicate this in five more cities in the state. In Delhi too, Tata Power Delhi Distribution has installed solar panels to generate 1.8 mw of power on the roofs of its establishments.
HORIZONS AP’s most credible real estate magazine
esidential property prices in Bangalore have seen a decline over the past year, a trend also seen in secondtier cities like Kochi, Bhopal, Patna and Bhubaneswar. This was revealed in the National Housing Bank's Residex, an index that tracks prices of properties in major Indian cities. Some 13 of the 26 major cities tracked by the index show a dip in prices. Second-tier cities are the worst hit, according to the study. Residex ultimately aims to track the movement of property prices in all 63 cities under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), but currently tracks only the residential housing sector. The data is collected from real estate agents, housing finance companies and banks. The index shows that there is no overall slump in the country's residential property market as the 13 other cities tracked by it
saw prices rising. Surat, Chennai and Nagpur show the highest increase with house prices up by 10% or more over a year. Prices increased between 5% and 10% in Pune, Lucknow, Raipur, Hyderabad and Ahmadabad. Overall, property seems to be a safe investment as in the seven years for which the Residex data is available, prices have appreciated in 24 of 26 cities. Compared with 2007, only Kochi and Hyderabad have witnessed a dip in prices Jaipur and Bangalore have more or less remained stagnant.
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News Watch
National Govt’s flexi model to boost infra: Mayaram
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P India, the proposed publicprivate institution of the Union government, will look into issues relating to regulation, finance structure and management of contracts, Finance Secretary Arvind Mayaram said recently. He added the framework for the publicprivate partnership (PPP) has to be formulated in such a manner to allow flexibility because contracts are spread over 20-25 years. 3P India would help build capacity, both within the government and the private sector, he said. As of March 31, 2013, 693 projects with an investment of Rs 1,61,400 crore had
been completed, while 794 projects with investment of Rs 4,68,900 crore were at the implementation stage and another 1,076 projects worth Rs 5,92,100 crore were in the pipeline. The finance secretary also called for the definition of a “stressed” project, reasons behind projects getting stuck, and a methodology for stress assessment and risk apportionment. 3P India will look at issues related to regulation, financing structures, stress in projects, management of contracts over a period of time, and issues related to capacity building in public as well as private sector, Mayaram said.
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Ultra-rich households set to treble in 5 yrs
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study by Kotak Wealth Management titled ‘Top of the Pyramid 2014’, released recently estimates 117,000 ultra-high net worth households (UHNHs) at the end of March 2014, an increase of 16% from a year ago. It expects this number to treble over the next five years. UHNHs are households with wealth exceeding Rs 25 crore. The net worth of UHNHs, estimated at around Rs 104 lakh crore at the end of the last financial year, is projected to grow at an annual compounded rate of 34 per cent to Rs 408 lakh crore by 201819 (April-March). Close to 45% of these households were seen residing in nonmetro cities and smaller towns, the Kotak Wealth Management report notes. The report followed a detailed market survey of 150 ultra-high net worth individuals by Feedback Consulting and Ernst & Young, conducted between February and April 2014.
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e-registration for 200-flat project
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eeking to bring transparency in the system, the stamp duty and registration department has launched a new facility, where flats sold by developers/builders will not require buyers to stand in serpentine queues at the sub-registrar's office to register their flat in Maharashtra. This new facility was launched in Nanded City, Pune as a pilot project last week and is being implemented across the state. This facility will allow developers to register their sale agreements online. If a developer has an investment of minimum 200 flats, he/she shall be eligible to avail the facility. Moreover, the e-registration will apply only to the first sale (between the developer and the purchaser) and not subsequent sale and purchase. Under this system, the draft of the document (the covering note giving brief details) will be prepared by the department and used by developer for all the transactions. The developers will then have to get the software customised from the National Informatics Centre along with a login ID and password and use it for other agreements.
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HORIZONS AP’s most credible real estate magazine
News Watch
State Telangana Govt plans largest IT Incubation Centre in Hyderabad
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iving a head start to the implementation of his agenda to revive the IT sector in Telangana, information technology minister, K Taraka Rama Rao announced recently his government would set up an incubation centre for IT entrepreneurs in Hyderabad. Billed as the largest in the country, the incubation centre is expected to cater to hundreds of start-ups and just started companies. “We are planning to set up the incubation centre to encourage young entrepreneurs. The focus would be
mainly on research & development and innovation, while product development would also be encouraged,” the minister said. While the incubation centre would be a flagship project of the government, the IT ministry is ready with a comprehensive plan for skill development in two-tier and threetier cities like Nizamabad, Karimnagar, Warangal, and Adilabad. Plans are being charted for the revival of the IT industry, which included encouraging big conglomerates to expand operation and attract new investments.
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Bapulapadu likely to be AP’s Cyberabad
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power lines and sewerage systems. With the new state capital likely to come up in the vicinity of the hub, the grand plan is to link the two eventually, sources said. For the speedy development of both the state capital and the IT hub, Naidu wants to upgrade the Gannavaram airport into an international one once the required expansion is done. The commercially developed Hanuman Junction on NH5 is in Bapulapadu. The land is likely to be close to Hanuman Junction and accessible from Nuzividu Railway station. Eluru , Nuzvid , Gudivada towns flank Bapulapadu.
aidu is learned to have instructed the new Andhra Pradesh State administration to identify 2000 acres in Bapulapadu which is just 5KM away from Gannavaram Airport, near Vijayawada. “The air connectivity factor will attract all the IT majors and other MNCs once we acquire the land and develop it. We’ll soon publicise the IT hub and hope to get many firms to set up shop there,” said an official. The development plan for the IT cluster includes laying broad roads and flyovers, and putting in place infrastructure such as underground
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AP's new capital, location cleared
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ndhra Pradesh, which has to scout for a new capital, apparently has made a decision - chief minister Naidu wants it located between Vijayawada and Guntur in the coastal belt of the state. Naidu, envisages a swank centrally-located capital city with fourlane roads running to important centres around the state. A formal decision and announcement is expected soon. Naidu will have to factor in likely protests from the southern Rayalaseema districts, a
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backward region that has hoped for development that a new capital will bring. But urban development minister P Narayana stressed that this location makes logistical sense - there is land available, there is easy access to water and it is central. "Between Tada and Srikakulam, we have a coast length of 920 km. Krishna and Guntur are in the middle. Our chief minister wants to build a four-lane road from Kurnool to the capital, another from
HORIZONS AP’s most credible real estate magazine
Anantpur to the capital, one from Kadapa to the capital and one from Chittoor to the capital. We already have a four-lane road running from Tada to Srikakulam, so the capital will be in the middle,'' the minister said. Naidu estimates that building such a capital will cost about five lakh crore rupees. The state has sought 5,000 crore initially from the Centre, but raising money will be a big challenge; a hundi has been put up at the State Secretariat in Hyderabad for donations.
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News Watch
Naidu to continue public sector reforms
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espite making a U-turn on the populist programmes, AP CM is still determined to complete the ‘reforms’ in public sector enterprises that remained unfinished after he lost power to the Congress party in the undivided AP in 2004. Early in 2000, the Naidu government privatised or closed down 55 governmentowned enterprises, including several cooperative sugar and textile mills, in the undivided AP even as the Opposition Congress accused the government of toeing the World Bank line against the interests of people. After coming back to power, the Congress government shelved the programme. However, in a bid to revive the public sector reform programme in AP, state finance minister Ramakrishnudu has asked officials to prepare an action plan
pertaining to the remaining 44 public enterprises, sources said. While reviewing the performance of individual government departments the minister also told the officials that any continuation of these entities in the present form would only add to the financial woes of the government in terms of salary bills and other establishment costs. As the government is already exploring ways to mobilise resources required for the farm loan waiver programme, an outright sale of some of these entities is expected to come in handy for it. The AP government is even open to considering privatising the state road corporation (APSRTC), the biggest of all the existing government-owned corporations, at a later date, according to sources.
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Hyderabad Hyderabad wins back investors
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nvestor confidence in Hyderabad’s future prospects is back, with several corporate houses planning to revive their projects, which they had discontinued due to global slowdown and political uncertainty, says Telangana IT and panchayat raj minister K.T. Rama Rao. He feels this perception among corporates has ended as it was evident from several investment proposals received by the government. “Apart the corporate bigwigs who met the chief minister in the last few days, Mahindra Group chairman Anand Mahindra and Wipro chairman Azim Premji met CM.” Mr Mahindra proposed capacity expansion of its existing tractor plant in Medak to 1 lakh units a year. Similarly, the ITC Group has revived its `750-crore project to build a new hotel ITC Kohinoor near Inorbit Mall. The 81,000 square metre hotel would have 100 guest rooms and 100 serviced apartments
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Complaint valid if club incentive illusory: consumer court
f a business promotes memberships of non-existent clubs, or offers plots for sale at a higher price to include club membership benefits which turn out to be fake, the purchaser can approach the consumer forum. The National Commission held this view in a judgment against Country Club against whom there are cases of luring consumers using a golfing village as attraction. Nirmal Kumar Pandey was enrolled under a scheme formulated by Country Club (India) Ltd and Amrutha Real Estate entitling him to membership of golf club when he bought three plots of 150 sq yards each in 'Country Kuteeram Ventures' at Yadagirigutta in Nalagonda district. He also deposited Rs 10,000 towards charges for development/betterment, registration and three years' maintenance. Pandey sent a legal notice and filed a complaint before the Hyderabad District Forum when the plot was not registered in his name. Country Club offered to settle by paying Rs 1.2 lakh and offering four plots at Yashwantpur Village in lieu of the bookings. An MOU executed provided Pandey to pay Rs 10,000 towards development and registration of each plot. But when Country Club defaulted
HORIZONS AP’s most credible real estate magazine
again, the District Forum directed the Club to complete the venture, 'Golf Village', and register the four plots in Pandey's name. Alternatively, it directed the Club to pay Rs 12 lakh, awarding Rs 25,000 as compensation and Rs 5,000 as costs. The Club challenged this before the National Commission after AP State Commission dismissed the appeal, arguing that Pandey had withdrawn his first complaint so a second one was not maintainable. It added that since four plots had been bought, this should be seen as a commercial transaction, which would oust consumer forum jurisdiction. In its order dated April 22 2014, the Commission said a consumer complaint could be maintained as Country Club is in the business of marketing, purchasing and selling golf club membership with plots. While Pandey's first complaint was in respect of plots booked, the second was for failure to abide by the MOU. So withdrawal of the first complaint would not prohibit filing of the second. The Commission upheld the order passed in Pandey's favour by AP State Commission. Therefore a consumer can seek compensation when club and resort memberships turn out to be illusory.
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News Watch
Hyderabad Telangana govt to set up Pharma City
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elangana Government is mulling to set up a 'Pharma City' near near Hyderabad in about 8,000 acres. The City will include industries as well as residential colony, and a power plant with 500 MW capacity adjacent to the pharma city to provide captive, dedicated and uninterrupted power supply to the industry, a press release from the chief minister's office said. "The required land, infrastructure facilities, communication facility, power supply, water supply etc. will be provided by the
government...," it said. The pharma city is expected to accommodate about five lakh employees besides their families
T Govt to Push IT Infra development
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tate information technology minister K Taraka Rama Rao is set to clear several IT companies’ expansion plans, which had been put on the back burner all these years. Among the companies geared up for expanding their operations in and around Hyderabad are tech majors such as Amazon, Google, Facebook, Microsoft, Cognizant, and Tata Consultancy Services (TCS). Cognizant, which has service-based operations with 30,000 employees in Hyderabad, has plans to expand operations to develop its own encryption software and anti-spam software products for which it has sought 54 acres of land at Adibatla village on the city outskirts. Google, which has a staff strength of 7,500 at its Madhapur office, is looking to build its own township on a 20-acre plot in Kokapet to house its entire operations in Hyderabad under one roof. The sources said Google’s new venture would provide 5,000 additional jobs. Amazon, which is limited to support and back-end operations in the city, is looking for a proper expansion of its operations, including software development, for which it has sought 2.6 million sq ft land in Nanakramguda. The expansion is expected to generate 5,000 jobs. Facebook and Microsoft too have big plans for Hyderabad. Besides this, Rama Rao is said to have prepared a 16-point agenda for the revival of the IT sector, which had begun to look sluggish during the Telangana agitation. The government plans to set up an IT governing body that will monitor various sectorrelated issues.
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HORIZONS AP’s most credible real estate magazine
in the residential colony touching about twenty lakh over a period," the release said.
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Draft township policy to be brought on track
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ith the new dispensation in Telangana harping on satellite townships, officials are now busy clearing dust from the files created earlier on similar proposals. IT and panchayat raj minister K Taraka Rama Rao announced that the government would develop integrated satellite townships around Hyderabad apart from improving the image of 'Brand Hyderabad'. In fact, several studies had been conducted earlier and even a draft policy prepared on townships, but no concrete steps were taken by successive governments to realize the same. This was mainly due to a slump in real estate for the past few years as townships have to be taken up by private infrastructure companies. As per the draft proposal, a township should have a minimum 100 acres in the HMDA limits. Integrated townships should have land specifically allocated for work spaces, recreation and residences. Private infrastructure firms, which were to take up the townships, would be encouraged with tax incentives like waiver of development charges, conversion charges and reduction in property tax.
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(Source: From Newspapers and sites)
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Cover Story
Emerging hotspots of Pearl City Series of project announcements has spurred new age development around Hyderabad with the property radar beeping at a fresh set of emerging hotspots, finds Jydip Mukherji
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HORIZONS AP’s most credible real estate magazine
The prospects of buying an open plot in certain emerging areas is bright, with the population of Hyderabad touching one crore and rise in mid-income group. The housing requirements are growing each year. Some areas of the city are emerging as the hot spots for investment wellsupported by infrastructure development. Of the total HMDA area of 7257 sq kms, the Metropolitan Development Plan2031 for Hyderabad Metropolitan Region (HMR) covers 5,985 sq kms in 35 mandals of four districts. The projected population of HMDA is 1.84 crore for 2031. So you can anticipate the tremendous potential of investing now in plotted developments of the upcoming hot spots. We look at areas where plots available in the range of Rs1000/- per sq yard and Rs 15,000/per sq yd. Rich dividends within a period of 5 to 10 years are assured by investing in these areas. While the Hyderabad market offers properties at 40-50 per cent cheaper prices in comparison to any other metro city. Prices are only expected to rise now onwards. Those who invest during this period would benefit the utmost. Infrastructure developments such as Hyderabad Metro Rail (HMR), Outer Ring Road (ORR), radial roads, offer buyers an attractive preposition to invest. There are almost 20 flyovers that currently
Cover Story 83 acres of land at Budvel at a cost of Rs 160 crore, the Eco Park at Kotwalguda and Hyderabad Habitat Centre that would be taken up in 11 acres land at Khanamet have revived the sentiment in a radius of 15kms from the hi-tech city. The HMDA plans to develop another hub both for commercial and residential spaces in about 100 acres in Khanamet between HiTec City MMTS station and the proposed metro rail station near Shilparamam. It has a great potential being located on the spinal road connecting the National Highway 9 (Mumbai Highway) on the JNTU-Kukatpally-Hi-Tec City stretch.
HMDA Map crisscross the city. The HMR is expected to generate at least 30,000 crore more revenue and investments after completion, following the economic activity to be kicked off by the project all along its corridors. “It will prompt some of the bigger developers to put up malls and housing within a 2 km radius of the HMR stations," explains Raj Padmanabhan, former president of AP Realtor’s Association. The connectivity from the city’s periphery to central locations will improve and this is likely to result in significant new project launches along the three metro rail corridors. The areas along the proposed Information Technology Investment Region (ITIR) at an estimated cost of 2.19 lakh crore, spread over an area of 202 sq km in three clusters — Cyberabad Development Area and its surroundings in the west, Hyderabad Airport Development area and Maheshwaram in the south, Uppal and Pocharam areas in east of Hyderabad are certainly going to be drivers of growth and a sure shot bet for investment in the long term. The ITIR is expected to generate 15 lakh direct and 35 lakh indirect jobs in the IT sector over the next five years. Several IT majors such as Google, Amazon, Facebook, TCS,
Ref to Google Maps for locating the hotspots Microsoft, Cognizant etc. are expected to set-up their operations in the ITIR corridor. So, commercial development is expected to drive the job market, which in turn would push up the price of plots in the vicinity. The gaming and animation zone being set up by the state government at Raidurg, near Hitech City at a cost of 200 crores, spread over 30 acres of land to provide an entertainment technology based ecosystem, Science City being taken up on
West Hyderabad
Towards the west of Hyderabad the areas inside the golden triangle formed between Kukatpally, Gachibowli and Hitec City are at their high. The presence of headquarters of Bombay Stock Exchange (BSE) and the permanent office building of the Insurance Regulatory and Development Authority (IRDA) in and around Gachibowli is expected to give the necessary push to the sector. Moreover, every year almost 100,000 jobs are created around Gachibowli and financial district. Therefore, areas around the triangle are the hotspot of investment. One can look at investing in plots around Kollur, Edulunagulapalli, Velimala, Pati, Patighanpur and further upto Muthangi in Partancheru Mandal
Pragati Green Islands adjoining Pragati Resorts, Proddutur village, Shankarpally August - September 2014
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Cover Story along the ORR on the north west of Gachibowli. Kondakal, Mokila and the stretch further west of Gachibowli upto Shankarpally are the other emerging hot spots. Areas in the north of Gachibowli, including Beeramguda, Aminpur and further north along the ORR from Patancheru to Sultanpur, Mallampet, Bachupally upto Bhanoor promise bright prospects. The stretch in the south of Gachibowli, going beyond Manchirevula, APPA junction, its adjoining Bandlaguda, further up to Kismatpur are the other spots with prospects of sizeable appreciation in the near future. One could zoom into Kollur within 10 minutes from Wipro-Polaris-CA circle, located 13 Kms from Gachibowli while driving through the ORR service road. There is ORR entry / exit point 1 Km ahead of Kollur. On driving from airport, you could get on to the service road at Puppalaguda intersection and drive to Kollur past Kokapet. The intersection at Kollur (called Edulunagaluapalli intersection) is a vital reason for attractiveness of land around Kollur since it gives access to the ORR itself for people around, instead of using service road. Land in Kollur is generally flat and green and this feature continues along ORR in adjacent villages. Kollur has excellent schools like Samasthi International School. Several survey numbers in Kollur, Velimala, Edulunagulapalli and Pati villages face the ORR. Being close to Gachibowli and outside GO111, has helped Kollur to be one of the first ORR villages to find new age development happening. Edulunagulapalli which is 2Kms from Kollur has a Railway Station (Hyderabad – Mumbai line). MMTS is being extended to Shankarpalli and hence Edulunagulapalli will have access to MMTS. Several developers have applied to HMDA for approval of apartment and villa projects in Kollur, Edulunagulapalli, Velimala and Pati. These areas are soon going to see large scale construction activity happening here. The prevailing plot rate of HMDA approved plots in Kollur and adjoining villages ranges from Rs8, 000/- to Rs 10,000/- per sq yd. Patighanpur and further up along the
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ORR, Muthangi in Patancheru Mandal of Medak district on the west of Gachibowli is another favourite. The current average price of a plot close to ORR in a gated community at Muthangi ranges from Rs. 5000 to Rs. 6000 per sq. yd. The upcoming flyover at Muthangi, radial roads connecting Patancheru with ORR, will change the face of this region. Kondakal set in R1 zone of HMDA master plan, 8 Kms away from Shankarpalli railway station and 15 kms from Lingampally railway station is on the northeast of Mokila and west of Gachibowli with prevailing prices at around Rs 6,500 per sq yd. offers a promising investment preposition. Located 4 kms from ORR in the border of the Rangareddi and Medak district, close to the upcoming IT SEZ at Kokapet
5,000 to 6,000 per sq yd. Mokila a quiet expanse of green about 16 kms on the west of Gachibowli at a twenty minutes drive offers a picturesque countryside environment and is fast becoming one of the luxurious residential destinations. Located along the Shankarpally road, 3 kms away from ORR, Mokila is just 4 kms from Raithu Bazar at Shankarpally. APSRTC is running buses from Shankarpally to Mokila. The nearest railway station to Mokila is Shankarpally. Mokila falls under Residential (R1) Land Use Zone as per HMDA Master Plan, surrounded by green areas and is the first village which is outside the control of GO111 bio-conservation zone. Potential to develop as a premium residential area due to various gated villa, apartment and plot ventures in the area promises an attractive investment option. Realty
Lahari Resorts at Lahari Green Park, Bhanur, Shankarpalli and the Wipro Phase II, Kondakal has prominent business management schools, engineering colleges, hospitals and world class international schools like Indus, NCC Samashti, Birla Open Minds School in the vicinity. Strategically located, next to Kollur / Velimala and just 3 kms from the proposed MMTS Phase II at Edulanagulapalli, plots at Kondakal could be a good bargain deal at the prevailing prices. Hiranandani Urbania and a host of other projects are coming up in the area. HMDA approved Lahari Green Park at Bhanur beyond Kondakal close to Patancheru Shankarpalli road is one of the layouts where plots area available between Rs
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majors like Aparna, GVK, Reliance, SARK, Subishi Developers are holding huge chunks of land here. Prevailing price of HMDA approved plots here ranges between Rs 5,000/- to Rs 7,000/- sq yd. Shankarpally brings a living environment with plenty of water resources on one hand and capital appreciation by virtue of upcoming, Apparel Park, various mega townships, IT SEZs, select group of schools and colleges on the other. Shankarpally a fast growing residential hub with presence of many villa projects in close proximity to MMTS Station and Aloor Electronic City is an enviable option. The layout of Aiswarya Residency by Pudota Estates in Masaniguda village here at Rs 2000/-
Cover Story
December August 2013 - September - January 2014
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Cover Story sq yd is one such opportunity to invest. Pragati Green Islands by Pragati Green Meadows & Resorts in Proddutur village and Peacock Paradise by MVR Harivillu are some of the other projects in the area. The stretch on the north of Gachibowli while travelling to Pantancheru along the Mumbai highway, off the east of BHEL, Beeramguda and further to its east, Ameenpur are other spots worth looking at. The plot rate ranges between Rs 12,000/- to Rs 13,500/ per sq yd in Beeramguda. Ameenpur just 4 kilometers Off Mumbai Highway is an excellent location just twenty minutes drive from HiTech City, close to good schools, hospitals and all facilities of daily needs. Roads are in good condition and have good connectivity to the main city. Ameenpur, Chandanagar 150 feet radial road directly connects with ORR at Sulthanpur Junction and provides an easy access for going to Nizamabad Karimnagar, Gachibowli through ORR. Colonies like Ordinance factory employee colony, BHEL Township and Milayaram Pharma Cluster are in close proximity. Plot rates range here between Rs 5,000 and Rs 8,000/- depending upon the location and the type of layout. The stretch on the north of Gachibowli, along the ORR from Muthangi junction to Sultanpur, Mallampet, Bachupally, further upto Bowrampet promise bright prospects. In Sultanpur the going rate near SEZ close to ORR is around Rs 4,500/- sq yd in a gated community, while it ranges between Rs 5,000/- to Rs 6,000/- per sq yd in Mallampet. Mallampet has become the hub for the top engineering and residential junior colleges. Dr. Reddy's Laboratories custom pharma services, besides a host of industries including pharmacy, IT, apparel and industrial development areas make Bachupally a hot spot. HMDA approved plots are available for Rs5, 500/- per sq yd in Bachupally. Lahari Green Park is one of the popular residential layouts at Bowrampet near Bachupally, where the prevailing price is between Rs 6,000/- to Rs 7,000/- per sq yd. Bowrampet is fast developing into a major residential and commercial suburb after the construction of ORR and its location proximity to JNTU
and Kukatpally just 6 kms away, 10 kms from Miyapur X roads, 12 kms from Madhapur and 3 kms from Bachupally. Moving on to south of Gachibowli recently, Anil Ambani of Reliance announced to revive the 100-storey project that his company had planned years ago at Manchirevula. Located at a distance of hardly 10 km from the IT hub, Manchirevula offers properties at Rs 14,000/- to Rs 16,000/- sq yd with almost 20-30 per cent lower prices and holds a high potential of becoming the next IT hub. “Buoyed by its proximity to Gachibowli, ORR and Airport, Manchirevula is a preferred residential destination for its ample supply of water, which is a problem in Gachibowli. DLF and Raheja group have already acquired spaces for setting up IT projects in Manchirevula. With an investment plan of over Rs 1,000 crore, the location is set to develop on the lines of Gachibowli. The telecom and banking industry is already well-established in Manchirevula”, says an HMDA official. Those with an eye on quick appreciation can also look at the stretch from Narsingi to Andhra Pradesh Police Academy (APPA) Junction on the ORR; the prevailing price here is between Rs 12,000/- to Rs 15,000/- per sq yd. Its connectivity with airport and Mehdipatnam market by trains, buses and public transports, besides presence of schools, banks ATMs and hospitals in the neighbourhood
make it a popular destination. “Beautiful apartment and villa projects in the midst of green stretches are coming up in these areas. Narsingi in particular is ideally placed due to excellent proximity to the IT Hub of Gachibowli and Hitech city. It is about twenty minutes drive from the upmarket areas of Banjara Hills and from the International Airport,” says Mitesh Kulkarni of Accurate Developers. Bandlaguda in close proximity on the periphery of the growth corridor well connected with wide arterial and radial roads connecting the inner and outer ring road and the suburbs, priced between Rs 11, 000/- to Rs 13,000/- per sq yd. could fetch sizable appreciation. Kismatpur in Rajendranagar taluka of Ranga Raddy district is amongst places beyond APPA junction offering good plots, affordable independent houses and villa projects along the southern corridor due to its proximity to the IT hub, ORR, APPA junction and being only 12 kms from airport. Budvel railway station at a distance of 5 kms and Npa Shvrampalli railway station 6 kms away are the nearest railway stations. The prevailing plot rate ranges between Rs 7000 to Rs 9000 per sq yard here.
South Hyderabad
Rajendranagar on the south west, the ITIR cluster of Hyderabad Airport Development area including Shamshabad
Lakshmi Garden City by Sree Durga Estates at Shadnagar
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August - September 2014
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Tata unit at APIIC Aerospace SEZ at Adibatla and Maheshwaram, along the national highway seven that goes to Bangalore up to Shadnagar and Katedan Industrial Area and beyond along the Srisailam highway on the south and Adibatla on the southwest of the city close to Sagar highway offer attractive rates and rapid economic growth. Shamshabad is the next destination in the premium market, much like Gachibowli. The prime corridor of Shamshabad-Gachibowli will have substantial growth. Real estate activity accentuated the development of Shamshabad once the airport in 2008 became functional here. Being on the National Highway-7 route that leads to Bangalore it has good infrastructure already in place. Now it's surrounding areas and access routes including Rajendra Nagar and APPA Junction, which is equidistant from Shamshabad and Gachibowli are among the list of the upcoming and future residential destinations of Hyderabad. The second phase of the MMTS will cover Shamshabad besides connecting various places in Hyderabad to the international airport. `Shamshabad and surrounding areas are good for land investment as there is still availability. Besides, gated community is another good way. This area is also dotted by educational institutions, hospitals, making it a preferred investment destination for IT professionals and NRIs,'' says Ramu Vanaparty, COO, Shanta
Sriram Constructions. The prevailing land rates here range from Rs 4,000/- to Rs 6,000/- per sq yd. Aliens HUB by Aliens Group, Lorven's City by Vasundhara Projects, Rainbow Drive and Bloomington by Green Home are some of the layouts in Shamshabad offering a bargain deal. Along Bangalore highway prices are between Rs 1,500 to Rs 3,000 per sq yd. The railway station at Kothur along Bangalore highway and the ISRO facility are going to be the growth engines. It takes just ten minutes to reach Mehdipatnam, 15 minutes to reach Gachibowli. Land is available at a competitive rate. Shadnagar further off the Bangalore highway is another area attracting investors. Customers here are
TCS construction in progress at Adibatla
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buying land with a long-term view. At Shadnagar land is available for as less as Rs1000 per sq yd in Lakshmi Garden City near Rameshwaram temple a venture of Sree Durga Estates. There is going to be a huge residential demand in the coming years with massive rise in employment in the neighbourhood of Sri Sailam highway as compared to any other part of the city. Incidentally, the highway was approved by the Central government’s Department of Electronics and Information Technology for the establishment of two Greenfield Electronic Manufacturing Clusters (EMCs) at two different locations. They have been proposed to be developed at an estimated outlay of about Rs 940 crore. Moreover, the Electronics Industry Association of AP is planning to invest a major portion of the Rs 1,800 crore investment in eCity. The first cluster of the EMCs is proposed to come up at the eCity, which was formerly called Fab City, located along the Srisailam highway in an area measuring about 602.37 acres, beside Tukkuguda, close to the ORR. This EMC is proposed to have an SEZ area of about 263 acres and a non-SEZ area of about 339 acres Plots off airport, along the Srisailam highway, are priced at Rs 1,400 to Rs 2,000 per sq yd. Sukrithi Royal, an HMDA layout by Subha Gruha Projects and Lorven's Paradise by Vasundhara Projects Pvt.ltd at Kandukur besides
Cover Story Eldorado by Green Home are some of the projects along the Srisailam Highway worth exploring. Maheshwaram in the south of airport and flanked by Bangalore highway on its west and close to Srisailam highway on its east has prestigious landmarks as Infosys, Rajiv Nano-Technology park, Hardware park, Fab city, Jewellery park, Apparel park, world-class hotels and hospitals, Grapes Export Zone, APHB township, Agha Khan international school, IT clusters and Asia's biggest amusement park in vicinity. SEZs for world-class IT and Infrastructure Estates by Raheja Group, Indu Estates and Brahmani Infotech of Navabharat Ferro Alloys group are some of the other projects in the area. The second cluster of the EMCs is proposed to come up at Maheshwaram, located in Ranga Reddy district. It would be developed over 310 acres at an estimated cost of about Rs 360 crore. Maheshwaram EMC would attract an investment to the tune of about Rs 800 crore. Besides, it would also provide direct
Where to look for a plot Start looking for a plot near an upcoming area with development of infrastructure and other public and private projects happening in the vicinity. Investments in plots in such areas have good scope of appreciation. The cost of the land should be low, ranging anywhere between Rs1000/- to Rs10, 000/sq yd. The travel time from the plot to the nearest hub (IT park / industrial/office area, etc.) should be less than 1 hour, and the lesser, the better. Well connected with roads to railway station with commercial area, schools, colleges and hospitals in the vicinity. The roads must be a minimum of 30' wide inside the layout to enable free flow of traffic in both directions with enough space for parks and common areas. Plenty of fresh air, greenery and underground water in that area will make the venture / gated community an ideal location of your choice.
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Uppal Metro station employment to about 14,000 people as well as indirect employment to about 84,000 people. Plots in Maheshwaram are priced between Rs 1,800/- to Rs 3,600/- per sq yd. Red Clay Court by Westmount Projects is an HMDA layout in Maheswaram Mandal. The quadrant on the south east of the city being on the GHMC border is a spot to watch. The corridor along the Nagarjuna Sagar Road is dotted with defense establishments, research laboratories and academic institutions, especially engineering colleges. Moreover, the government is planning a huge defense complex outside Ibrahimpatnam. Adibatla strategically located off the Sagar road, tops the list of emerging hot spots. TATA Aerospace and Precision Engineering at APIIC Aerospace SEZ got Adibatla into the limelight. TCS is building the largest single block office space in India, designed to accommodate more than 25,000 IT professionals on 70-acre land. Cognizant has acquired more than 50 acres land and engaged the construction powerhouse L&T, to build a campus to house 15000 Software Engineers, right across the TCS campus. “Adibatla is witnessing the launch of several plotted projects, quoting Rs 5,800-6,800 per sq. yard. Over the next five years, the total IT work force in Adibatla would reach a whopping 50,000. In effect, we are looking now at the emergence of the third
IT Cluster in Hyderabad at Adibatla after Hitec City and Gachibowli,” says MV Narendranath Reddy of Grand Ville Realtors.
East Hyderabad
“The state government’s decision to develop the Hyderabad-Warangal stretch into an industrial corridor has given a boost to the already developing second IT Hub of Hyderabad. Uppal and Pocharam on the east of the city are to be connected by metro rail, besides being one of the three clusters of ITIR; areas beyond Uppal upto Bibinagar are going to fetch good returns on investment in the long term. Developments like Singapore Township, Raheja Mindspace IT Park, Infosys Campus, and connectivity with ORR at Ghatkesar have catalysed the growth of Pocharam located off the 6-lane Warangal Highway. So, from Pocharam towards Ghatkesar further down still there is a lot of potential. The land prices are low and developers are yet to take a
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Primus Epsilon by Primus Developers at Gudlapochampally bet”, says Ashok Swaminathan of Modi Builders. With the Metro Rail depot at Uppal to come up by March 2015 and the development of NSL Arena IT SEZ which already houses over 15 top fully functional IT companies, is attracting many more owing to lower rent for commercial spaces here. Infotech, Suneratech IT solutions, 24/7, Truven Helath, GVK Technologies, Genpact and others are some of the companies that are fully operational in the region. The first phase of this IT SEZ with about 7 lakh sq ft area project is complete and second phase will be taken up in early 2015. The company has already tied up with PVR Cinemas for a mall. “Affordable property prices and availability of huge land parcels with 15-20 per cent appreciation expected in the next three years have resulted behind emergence of Pocharam as a most favored real estate destination in east Hyderabad. HMDA approved plots are available for as low as Rs 2,200-2,600 per sq yd in Bibinagar, going upto Rs 3,500/- in Ghatkesar and further quoted at Rs 5, 000/- per sq yd in Pocharam. The prices as of now are under quoted here with Pocharam being just 12 kms from Uppal,” says Sreedhar Reddy former president AP Realtor’s Association. “Availability of HMDA approved plots in sizes ranging from 60-500 sq yd is a
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Jayadarsini Township by Jayadarsini Housing Pvt Ltd at Medchal
boon for the location. These plots suit the investors within a budget bracket of 3-25 lakhs,” says Sai Charan of Building Blocks Group.
North Hyderabad
The stretch from Kompally to Medchal and beyond upto Kallakal along the Nagpur highway including Gudlapochampally, Kandlakoya, Yellampet are few other options that may offer a decent growth due to establishment of various software companies, APIIC industrial zone, besides region’s connectivity due to Nagpur highway, ORR intersecting through Kandlakoya, MMTS between Secunderabad and Manoharabad via Medchal. Kompally is already well developed with prevailing rates shooting to Rs 10,000/- sq yd in and around the area. Complementing the spurt in residential activity, commercial hue started catching up with several eateries and entertainment facilities lining up to serve the residents. Lots of schools, hospitals, institutions, shopping malls and other recreation centers provide best of the ambiance dotting the cityscape here. Aparna Kanopy Jasmine by Aparna Constructions and Primus Epsilon by Primus Developers both at Gudlapochampally near Kompally are offering residential housing plots of various sizes. Metro Homes by Headway
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Properties and Jayadarsini Township by Jayadarsini Housing Pvt Ltd in Medchal are some of the layout projects that could be explored. In Medchal the price ranges between Rs 5,000/- to Rs 6,000/- per sq yd. “Although western part is booming but north has its own ambience and charm. While connectivity and commuting time are two factors that work on buyer’s mind. Those on the lookout for being located far from the wilderness, north Hyderabad with its open green stretches offers an ideal bargain,” says P Dasharath Reddy, President, TREDA. Residential real estate demand is now expected to grow 8-9 percent and residential capital values at a faster pace in 2014 and 2015 as compared to the 6-7 percent envisaged earlier. Experts say those of you who invest in plots in these upcoming hot spots of Hyderabad can expect up to 15 percent appreciation after one year. Hyderabad having excellent infrastructural development is poised for a better performing market in the second half of 2014. While enquiries and sales are expected to gain momentum, prices may go up soon. The year 2013 saw end user making their moves out of necessity, while the investors were in a ‘wait and watch’ mode. Now, by the end of 2014 the supply is expected to align with the demand. jydip.mukherji@gmail.com
Special Report
August 2014 - September 2014
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Special Report
R Industry
hails Union budget
Modi government’s maiden budget to give a boost to the real estate sector with a wide range of incentives announced by union finance minister Arun Jaitley, reports Jydip Mukherji
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ealty developers, consultants, industry and the people have welcomed the government's initiatives to give tax sops on home loans, setting up of investment trusts, easing of FDI rules and an allocation of Rs 7,060 crore for development of 100 smart cities. Industry experts feel that these measures would boost housing demand and encourage investment in the slowdown-hit real estate sector. “Increase in the income tax deduction limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh and in the deduction limit on interest payment for housing loans from Rs 1.5 lakh to Rs 2 lakh would lead to improved sentiment in the housing markets. The Budget has also given indirect benefits for the residential sector by increasing the individual income tax exemption limit to Rs 2.5 lakh which would place more disposable income in the hands of the people,” says Ashok Swaminathan of Modi Builders. This will enable a home buyer to save an additional amount of Rs 15,450 from his tax liability. It will also, in effect, lower interest rates for home loans. So say that one has taken a loan of Rs 25,00,000 to buy a house at an interest rate of 10% for 20 years, the EMI will be around Rs 24,125, which adds up to Rs 2,89,500 annually. Out of this, Rs 2,50,000 will go towards interest payment and the rest Rs 39,500 will be used for principal repayment. Post-Budget, the buyer can avail a deduction of Rs 2,00,000 from his or her taxable income as the interest payment will be Rs 2,50,000 in the first year. This will enable the buyer to save Rs 61,800 from tax liability if his or her income is in the highest tax bracket of 30.36%. The net tax outgo after adjusting for the savings in tax will be only Rs 1, 88,200. As the principal is Rs 25, 00,000, the net interest rate will work out to only 7.53%. But if the borrowed amount increases, the net interest rate will increase. So if the loan amount is Rs 1, 00, 00,000 at 10% rate, the net interest rate will be 9.38%. This is because the tax benefit remains at Rs 61,800 only. Experts say that in big metros like Delhi, Mumbai and Bangalore where most flats cost upward of Rs 1 crore, it would make little difference to a buyer. M L Rao a property consultant says the relief was marginal for those who live in tier-one cities. “The rebate should have been much higher,'' he said. “In Mumbai, the average cost of a flat is Rs 1.2 crore. On this, the monthly EMI itself would be around Rs 1 lakh, of which 80% goes towards interest. This exemption is not enough to promote housing in tier-one cities,'' he said. “Flat buyers in tiertwo cities where prices are comparatively much lower will feel the difference. “The increase won't change anything for flat buyers in big cities like Mumbai. “But it is an incremental difference for homes in the range of Rs 25 lakh to Rs 50
Special Report lakh, which are available in the Mumbai metropolitan region,'' M L Rao further adds. The statement by the union finance minister Arun Jaitley that “the government is committed to have housing for all by 2022” has sent an encouraging message to the housing sector. He followed up on his commitment by bringing in a slew of measures. He relaxed the FDI rules by reducing the built up area and capital conditions for FDI from 50,000 sq meters to 20,000 sq meters and from USD 10 million to USD 5 million, respectively. He encouraged the REITS by giving them a pass-through status for taxation, paving a way for raising capital and easing pressure on the banks It requires anywhere between 5.5 acres to 8 acres to develop a project with a built-up area of 50,000 sq metres, depending on the amenities and facilities. “With such large land parcels hardly to be found within or even closer to the city limits and given the high cost of such land, these projects were launched away from the city. With the lowering of the built-up area requirement, one can now develop an FDI-funded project closer to city limits, since just about 2 acres would be sufficient to develop a project with a built-up area of 20,000 sq metres,” says R Chalapathi Rao, Executive Vice President, TREDA and Vice President, NAREDCO. From the investors’ perspective, the lowering of the capital requirement can reduce their risk, result in faster execution due to smaller project size and can facilitate quicker exits. The government has allocated Rs 7,600 crore for developing 100 smart cities. This plan entails greater role for infrastructure and housing companies in the days to come. "To boost the development of smart cities, the finance minister has proposed changes in FDI for real estate sector. The reduction in built-up area and size of projects will allow mid-sized and smaller developers with good track record better access to FDI and boost affordable housing," adds Chalapathi Rao. The introduction of REITs would spell scores of opportunities for developers, private funds, financial institutions and
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other investors, as they can be used as an exit vehicle to rotate funds as per requirement. "REITs have the potential to solve several issues that act as an impediment to the growth of the economy viz., transparency, credit crunch, liquidity of real estate assets and execution of property developments across the country, and help build infrastructure," Chalapathi Rao further adds. CBRE South Asia Chairman and Managing Director Anshuman Magazine said: "The biggest announcement for the realty sector was SEBI being directed to introduce REITs in India. We expect the entry of this much-awaited investment instrument to provide alternative funding channels to the realty sector." There is a shortage of about 1.9 crore homes across the country, about 96% of it is in the economically weaker and lowincome segments. On the other hand, seven lakh homes in the middle segment to high-end segment remain unsold in the top seven cities. “A beginning has been made in the area of low-cost housing with the budget setting aside Rs 4,000 crore under National Housing Bank, which would be used to boost the supply of low-cost housing. Given that India needs more than 19 million residential units, the scope for low-cost housing is immense. RBI's move to bring housing loans of up to Rs 50 lakh under priority sector lending, against loans of up to Rs 25 lakh currently, is expected to provide a boost to home loan borrowers and real estate companies. So far, those availing of home loans of up to Rs 50 lakh were paying 10-11 per cent interest. Now, with the new norms in place, they might see a fall of 25-50 basis points in rates in the medium term,” says an official of HDFC ltd. Now lending for affordable housing implies loans eligible under priority sector, and loans up to Rs 50 lakh to individuals for houses costing up to Rs 65 lakh located in the six metropolitan centres of Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and
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Hyderabad. For other areas, it covers loans of Rs 40 lakh for houses with values up to Rs 50 lakh. The central bank intends to ease the way banks raise long term resources to finance their long term loans for infrastructure as well as affordable housing. According to Navin Raheja, the chairman of NAREDCO, “the Budget promotes growth and development of the economy. The development of 100 smart cities and industrial smart cities will give a leg up to new projects and investments in the country, giving a completely new trajectory to the sector. These new cities would also reduce the burden on infrastructure in our heavily congested cities. Goods and Services Tax (GST) is expected to solve the burden of multiple taxation in all sectors and reduce cost and compliances". Focus on infrastructural projects through allocation of funds for highways, policy for long-term financing of these projects by banks, creation o f
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expressways along with industrial corridors, setting up of new airports, etc, will have a tremendous impact on the real estate development in the country. Similarly, the thrust on housing by increasing allocations for both rural and urban housing reflects the commitment to alleviate the shortage of housing in the country. Jaitley informed that the Rural Housing Scheme has benefited a large percentage of rural population who have availed credit through Rural Housing Fund (RHF). In the light of the above, enhanced allocations to the tune of Rs. 8,000 crore has been made for National Housing Bank (NHB) for the year 201415 to expand and support Rural Housing in the country. The government also committed itself to extending central funds to augment urban infrastructure in 500 cities and towns, providing safe drinking water, sewerage, solid waste management and digital connectivity. Not just smart cities, Jaitley provided a major boost to urban development across the country, raising the budgetary allocation for this fiscal by 133%. The thrust will be on more amenities in cities as well as smart transport. The allocation for urban infrastructure and governance has been raised to Rs 17,628 crore compared with Rs 7,548 in 2012-13.
“Emphasis on building smart cities, urban renewal, provision of basic amenities and promoting affordable housing in urban areas is the need of the hour as it is required to meet the aspirations of the countrymen for a better urban living,” urban development minister Venkaiah Naidu said. The present corpus of Rs 5,000 crore in the Pooled Municipal Debt Obligation Facility, which was set up in 2006 with the participation of several banks, will be enlarged to Rs 50,000 crore to make more money available to local bodies to spend on infrastructure. The facility has been extended by five years up to March 2019. The budget also set aside Rs 100 crore for Metro projects in Lucknow and Ahmedabad. Jaitley said planning of Metro projects in two million plus cities must begin now. The minister also announced launching of Shyama Prasad Mookerji urban Mission to get efficient civic infrastructure and associate services to people living in rural areas. Adds Anant Rao, chartered accountant, “If you want to encourage housing, no matter what interest you are paying, it should be exempted from taxation. It's a basic need.'' The industry had demanded that the limit be hiked to at least Rs 5,00,000, which could have covered repayment of loan of Rs 100,00,000 for quite some time. “Though the budget is encouraging; the long prevailing woes of the industry like granting industry status, implementing the single window clearance, tethering the high cost of finance, evolving a workable land acquisition policy, and speeding up the reforms and infrastructure growth
need to be addressed,” says Mitesh Kulkarni of Accurate Developers. “One suggestion the government needs to consider is to give a depreciation benefit to persons who invest in houses. If the same is given, it would benefit the investor as the depreciation can be set off against his annual income while paying taxes. This will be a great boost to the industry. The government will also benefit as it would give a great impetus to the consumption of over 300 goods and materials related to the industry. Such a measure would indeed revitalize the economy and create employment to millions. It may well make ‘Housing for all by 2022’ a reality,” Mitesh Kulkarni further adds. The real estate fraternity and industry at large has hailed the various provisions made in this year’s union budget with endeavor to create an outline for reviving all sectors. A growing economy will in turn boost the real estate sector also. The Union Budget’s positive initiatives are commendable. Incentives for affordable housing, raising tax exemption limit and interest reduction in home loan will bring further momentum to the sector. Promotion of industrial development and growth of manufacturing sector will give a boost to Tier II and III cities, leading to improvement in urban infrastructure and create more avenues for employment, income and lifestyle improvement. In short, the government has set up the broad framework on which to build the structure of its vision “Housing for All by 2022. jydip.mukherji@gmail.com
I want to subscribe to APREDA Horizons for 6 issues. For 1 year subscription I enclose a cheque / DD of Rs 200 or have made an online payment in APREDA Horizons, Andhra Bank, Srinagar Colony Branch, A/C No:054311100001927. Mr/Ms ______________________________________Address______________________________________________ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _City_ _ _ _ _ _ _ _ _ _ _ __ _ _ _ State_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _PIN_ _ _ _ _ _ _ _ _ _ _ _ Phone____________________________Email__________________________________________________________ D.D/ChequeNo_____________________Bank__________________________________________________________ /Date of online payment:_________________________________From my bank A/c no:___ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ________ From my bank name & branch:___________________________________________Signature:___________________ Cheque/D.D should be in favor of: AP Real Estate Developers Association (No cash accepted). Date :______________________
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 2014
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In focus
An aerial view of TREDA property Show Stalls at HITEX
Curtains Rise on 5th TREDA Property Show The fifth TREDA Property Show is about to take off, amidst the heat and dust in the run-up to the event, a flurry of activity has intensified, reports Jydip Mukherji.
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I
t’s show time once again. The fifth TREDA Property Show is going to be held at HITEX from 17th to 19th October 2014. 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,
HORIZONS AP’s most credible real estate magazine
to be attended by 300 delegates from a wide cross section of industries. Attracting attention from unexpected quarters, all set to surpass the previous years’ footfalls with a stable state government in place, the show is becoming the most talked about expo amongst the echelons of the industry. To talk about HITEX the venue for the event has been at the forefront of conducting and facilitating global events, exhibitions and conventions across industry verticals for over a decade
In focus
TREDA 2013 Conference in session now. Spread over 50 acres, built with world class infrastructure that patronises cutting edge facilities, sophisticated services, host of facilities and advance conferencing methods, it outcasts all the other destinations as a one-stop resource for exhibitions, trade shows, corporate events and conferences. According to P Dasharath Reddy, President, TREDA, “Right now the market is definitely looking up with a stable government in place both at the centre as well as in the state which is looking to attract new investments. Moreover investors as well as end users are also keen to invest in Hyderabad because of the competitive pricing prevalent in the property market. We had a fantastic attendance of 55,000 people visiting our show last year and expect it to go up to 70,000 this year.” The daylong conference on ‘Resurgent Hyderabad- the way forward’ is being hosted in association with knowledge partner Jones Lang LaSalle. According to Mitesh Kulkarni, head of the TREDA Conference Committee, “The knowledge based conference will have focussed presentations from industry leaders on how Hyderabad is all getting prepared to invite investments, new enterprises, expansion of existing enterprises, collaboration of business initiatives using innovative techniques and practices with
Some colourful moments of 2013 TREDA property Show
The countdown to the biggest real estate extravaganza of the year, fifth TREDA Property Show has begun. 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. August - September 2014
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In focus
A view of attractive Lucky dip prizes an integral feature of TREDA Property Show a stable state government and requisite infrastructure in place. Presentations from industry big wigs and senior government officials will keep the delegates engaged throughout the day with little time to even bat an eyelid.” Talking about the highlights of this year’s show M Vijay Sai, secretary general TREDA says, “Be it the location, layout, attractive look or reasonable pricing of the stalls, the TREDA property show is a trend setter amongst all such shows held in the city. That is why it is drawing huge crowds year after year and the most preferred property show for the vendors, financial institutions and new product launches. The best part of this property show is spot bookings at the property show for different properties in different locations. Participation is open to all the developers irrespective of whether they are our members or not.” According to Sunil Chandra Reddy, Executive Vice President TREDA, “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. But over the last four shows the participants have been extremely satisfied with the response 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
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the out skirts to Rs 7000 per sq ft on the higher end.” 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 unique opportunity for the participants to network and interact with representatives from various verticals besides enhancing 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! Every visitor to the event can participate in the bumper draw that will be held every two hours with attractive prizes like car, gold and silver coins. Elaborate food court arrangements and kids play area to cater to family traffic are some of the other attractions in store. With the announcement of the show half the stalls have already been booked because of brand equity that the show has acquired over the last few years. 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
HORIZONS AP’s most credible real estate magazine
A complete family affair: Kids Play area at the TREDA property Show plan your schedule so that you are there in the city when the event is being held to get some intellectual enlightenment from the daylong conference and indulge in a bit of shopping, to shop for your home! Sweet home! “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 fifth edition of the TREDA 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
For booking contact Telangana Real Estate Developer’s Association Tel: 040-65572184, Mob: 9989844467 Email: tredahyd@gmail.com
August - September 2014
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HORIZONS AP’s most credible real estate magazine
Arch Talk
August 2014 - September 2014
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Arch Talk
landmark Facades A
rchie Talk is an initiative to create a dialogue on the evolution of facades, featuring an architect, who talks about the ongoing trends with reference to his or her work. It is an endeavor to create a platform for exchange of ideas and participate in this process of evolution to enrich our learnings and replicate interesting practices in our own style to exuberate the cityscape. In this edition Raaj Sree Ram Siddamsetty presents some of his works to substantiate the evolving facades. His design philosophy is to create something that has a personality, turn into an impressive piece of art with suitable usage of different shapes, colours and materials. The underlying endeavour is to build architectural pieces that could serve as landmarks, not just residential dwellings.
SECTION - I It would not be wrong to say that Hyderabad, today, has beautifully designed houses in the country. The prime factors that influenced this were the topography of the place, the cross section of the people and the desire to outshine thy neighbour. The hilly terrain with the limitations of Vasthu norms has challenged the architects to design buildings modifying its facades as per the contours of land available, be it flat surface or the slope of a hill. Vasthu has been the major impeding factor in providing good design. In spite of its limitations the architects could develop beautiful architecture here. Though we find many modern houses being built, some Hyderabadis still nurture a fondness for traditional and classic architecture. Thus, we find myriad designs adjoining each other. This creates its own style. The different plot sizes create buildings of different sizes and as such the areas for landscaping. These variances lend their own unique
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pattern in design. Gone are the high roofs with ventilators which used to keep the homes cool in the summer, thanks to the municipal byelaws and the need to build more in the given space. Natural elements have given way to artificial remedies. Building materials have come a long way to help create beautiful concepts
HORIZONS AP’s most credible real estate magazine
Raaj Sree Ram Siddamsetty,
the managing director of ‘Form and Space’ and in the profession of designing since almost two decades presents some of his works on the evolving building facades of today.
and designs. The limitations of using lime and mortar exist no more. From availability of concrete to glass products, polycarbonate sheets to ceramic and porcelain tiles, we have them all. Even the execution of designs and working on the details have been made easy with the technology at hand.
Arch Talk
SECTION – II Project opposite Jubilee Hills Public School, Hyderabad This house was built on a 700 sq yds. plot atop a hill opposite to Jubilee Hills Public School on Road No.71 Jubilee Hills. As per the brief it had to be modern and very functional. The house has sit outs on all levels including a huge lawn along the driveway. Not to mention, we had to adhere to every aspect of Vasthu as in all the other homes that we have designed so far. The building exterior is devoid of any materials other than the mural in 'Siporex'. The balance is finished in brick and mortar and painted white. This helped in bringing out the sharp features of the building. The car porch was integrated with the verandah which added volume to the building. This was achieved by having a 30 feet by 30 feet slab supported by a single round pillar of 22ft height. There is a freshwater body along with a lotus pond below the verandah with a cascading water fall which jets out from under the elevated verandah.
Project at 'Surya Enclave', kharkhana, Secunderabad The building which is built in 'Surya Enclave', Karkhana, Secunderabad has all the common areas viz. the parking, servant quarters and independent office rooms for the three brothers in the stilt area, one apartment each of about 4,000sft on the first, second and third floor. The design was to be such that it neither look like one bungalow nor like an apartment block. Cost, maintenance and security were all a matter of concern when we were approached to design the residences of the three brothers. The building was to house three independent homes in one compound which could address all the three demands of the clients. Each floor had different requirements but the kitchen and toilet areas were to be aligned to facilitate service lines to run smoothly and concealed effectively without disturbing the elevation. We had to carve out niches to break the monotony and also provide private sit outs on every floor. The decor of each floor is very different from the other, starting from the foyer.
August - September 2014
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Arch Talk
Project at Aziz Nagar, Hyderabad This has been one of my favourite works, a farm house in Aziz Nagar, on the outskirts of Hyderabad. The clients wanted a home away from home with all the features which would otherwise not be possible in the limited area in an urban neighbourhood. The entire bungalow is spread out on one floor with an attic on the first floor. The ambience was to be simple, casual and relaxing. The highlights of the house are the central courtyard, the swimming pool and the picture windows which allow the unrestricted view of the greenery around. The house is equally comfortable for staying in as it is for entertaining. The verandah which is approachable from the drawing room overhangs above the circular swimming pool and also acts as a deck. Most of the decorative elements, be it the pool side lights, the murals inside the house etc. were all brought from Pondicherry and are made of white granite.
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Project at road no.87, Jubilee Hills, Hyderabad
This is a recently completed project at road no.87, jubilee hills. The house was completed within 12 months starting August 2012. A perfect square block, with an international look and appeal, minimalistic in design. It is designed in such a way that the stilt floor and the parking is hidden from the road and the lawn area is elevated . This makes the main living area look as though it is on the ground floor. The humble elevation sports five different elements. The Butch work white marble cladding from the driveway to the entrance door, the
HORIZONS AP’s most credible real estate magazine
original stained glass panel on the main door, UPVC windows from 'Frame Craft', clear glass windows and railings and textured paint. The design elements are the MS powder coated screen on the ground floor and the seemingly simple vertical bars which slide the entire length of the first floor balcony. Landscaping is an integral part of the design of this house. In fact the house was designed after leaving the desired space for the outdoor areas and not the other way round. formandspace.hyd@gmail.com
Landscaping
Happenings
TREDA/NAREDCO Hyderabad developers visit Mumbai Projects
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Telangana Naredco ap team with Sri kailash Agrawal, chairman Avighna group
TREDA’s victory on rising cement prices
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o fight the rising price of cement APREDA, TREDA, Builders Association of India (BAI), the Telangana Builders Federation and CREDAI teamed up to form the Joint Action Committee (JAC). Angry builders from the two states had stopped purchasing cement from July 5. The JAC was represented by almost 2,000 developers and 1,000 small, medium and mega contractors from Telangana and AP. Caving in to pressure from the realtors' body and the Telangana government, cement manufacturers agreed to reduce prices by Rs 20-25 per 50 kg bag depending on the brand, according to P. Dasarath Reddy, president, TREDA and co-convener of the JAC.
delegation of TREDA/NAREDCO members visited Mumbai to study redevelopment township projects. The group visited the projects of oneAvighna, Mantri and L & T, wherein the original land owners/settlers are allotted newly built apartments in high rises of 20 to 24 floors. Members took note of the small size apartments, use of prefabricated technologies for speedy construction and deliberated with the promoters on the issues related to redevelopment of land. Members also visited Nahar group’s project where apartments of various sizes with integrated facilities like school, medical diagnostic centre, first aid centre, commercial block is being developed under integrated township. The delegates had substantive discussions with Sukhraj B Nahar chairman and ManjuYagnik vice chairman of Nahar Group. They also met Kailash Agarwal, chairman Avigna group, other senior personal of the company and Sunil Mantri of Mantri developers. The visit was facilitated by NAREDCO Maharastra.
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NAREDCO Mission to Turkey
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AREDCO undertook a trade mission to Turkey to coincide with the Turkish World Trade Bridge (TWTB 2014) organised by Confederation of Businessmen & Industrialists of Turkiye (TUSKON) at World Trade Centre, Istanbul recently. FICCI, CII and TICCI from India also participated in the mission. The NAREDCO delegation was lead by R ChalapathiRao, Vice President, NAREDCO and the FICCI delegation was lead by Anoop Kumar Mittal, CMD, National Building Construction Corporation. The two days Turkish World Trade Bridge 2014 was a grand show with 118 stalls displaying a wide product range of Building Materials, Furniture
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HORIZONS AP’s most credible real estate magazine
and Construction Machinery. The trade fair held concurrently B2B meetings with 211 Turkish manufacturers and Businessmen. About 1500 international delegates interested in establishing trade links with Turkish manufacturers attended the twin event. R ChalapathiRao and A K Mittal held exclusive business meetings with Rizanur Meral, chairman, TUSKON. They offered to organise exhibitions in New Delhi by NAREDCO and at Hyderabad by TREDA. Rizanur Meral asked NAREDCO/TREDA to send proposals for the participation of TUSKON members in an exclusive lounge. The Indian delegation visited a commercial project using latest building technologies and also had presentation meetings at the premises of the developers.
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R Chalapathi Rao presenting copy of Horizons Magazine to Meral, Chiarman, TUSKON in the presence of Mittal, CMD, NBCC, India
Happenings
APREDA donates for AP’s new capital
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he formation of new capital for AP would require substantial investment. Responding to the call of Naidu after being sworn in as the CM of AP asking people to donate to ‘AP New Capital Development Fund’, APREDA, Vizag president Gadde Chakravarthy and secretary A. Ramesh Babu along with other members handed over a cheque of Rs. 50 lakh to the chief minister.
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APREDA Diary
Memorable Moments at the Monthly Meetings Glimpses of MAY 2014 Monthly Meeting
B Prabhakar Rao (extreme Left) of Swagruha Estates Pvt Ltd and Vijay Kumar Yerram of Shreemukh Builders Pvt Ltd (extreme Right)
Horizons June - July 2014 issue being released
Glimpses of JUne 2014 Monthly Meeting
R Chalapathi Rao, executive vice president presenting a bouquet to P Koteshwar Rao of Potineni Homes Pvt Ltd
Members celebrating birthday of M Murali Mohan, MP, Rajahmundry constituency and ex president APREDA
August - September 2014
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Pulse
Complied by
Trivita Roy, Assistant Vice President, Research and REIS, Jones Lang LaSalle India, trivita.roy@ap.jll.com
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HORIZONS AP’s most credible real estate magazine
Auspicious days
August 2014 Date 1 3 4 6 10 11 14 15 20 22 28 31
Day Friday Sunday Monday Wednesday Sunday Monday Thursday Friday Wednesday Friday Thursday Sunday
September 2014
Auspicious days
7 8
Sunday Monday
Humour Corner
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HORIZONS AP’s most credible real estate magazine
Time 06:01 to 30:01+ 18:09 to 30:02+ 06:02 to 10:54 06:03 to 10:37 06:04 to 30:05+ 06:05 to 19:44 12:19 to 30:06+ 06:06 to 11:05 06:08 to 15:41 12:26 to 30:09+ 11:30 to 26:09+ 06:12 to 17:12
Nakshatra Hasta Swati Swati Anuradha Shravana, Dhanishtha Dhanishtha Revati Revati Mrigashirsha Punarvasu, Pushya Hasta Swati
06:14 to 14:31 Shravana, Dhanishtha 10:48 to 27:33+ Shatabhisha
Market Monitor
Residential Property Rates in Twin Cities Zone wise prevaling residential constructed floor space/ appartments in sq feet and plot rates in sq yard of the major localities of Hyderabad and Secunderabad are given as follows:
Central Zone
North Zone Locality
PriceRange (Rs/Sq ft)
Alwal Bowenpally Kompally Malkajgiri
2000 – 2600 2200 – 2800 2300 – 2600 2000 – 2400
Price Range (Rs/Sq Yd) 18000 - 32000 25200 - 34200 13500 - 27000 22500 - 31500
East Zone Locality
PriceRange (Rs/Sq ft)
AS Rao Nagar Bandlaguda Dilsukhnagar L.B. Nagar Sainikpuri Saket Uppal
2000 – 2400 2100 - 2400 2800 - 3400 2300 - 2700 2100 –3000 3200 – 3500 2,072-2800
Price Range (Rs/Sq Yd) 14400 - 26100 13500 – 22500 34200 – 58500 18000 – 22500 10800 - 19800 14000 - 18000 10800 - 19800
South Zone Locality
PriceRange (Rs/Sq ft)
Appa junction Attapur Hyderguda Rajendra Nagar Shadnagar Shamshabad
2600 - 3300 2300 - 2500 3000 – 3500 2400 - 3000 1200 – 2000 2100 - 3700
Price Range (Rs/Sq Yd) 13500 - 18000 16200 - 22500 18000 – 22500 16200 – 31500 1800 – 5850 2700 – 4950
Locality
PriceRange (Rs/Sq Ft)
Price Range (Rs/Sq Yd)
Ameerpet
3600 – 4100
31500 – 46800
Sanatnagar
3500 – 4500
30600 - 49500
Himayatnagar
4500 – 6000
45000 - 63000
Jubilee Hills
5500 - 7500
43200 - 54000
Mehdipatnam
3500 – 4500
40500 - 58500
Padamrao Nagar
2400 - 4500
22500 - 34200
S R Nagar
4200 - 4500
27000 - 45000
Somajiguda
3200 – 4000
36000 - 49500
Srinagar Colony
4500 - 5000
33000 - 36000
West Zone Locality
PriceRange (Rs/Sq ft)
Bachupally Chanda Nagar Hitech City Hyder Nagar KPHB Colony Madhapur Madinaguda Manikonda Moti Nagar Nizampet Pragati Nagar
2000 -2400 2700 - 3100 3900 – 5000 3200 - 3500 3200 – 3600 3000 - 4000 2300 – 2500 2500 - 3000 2200 - 2400 2700 – 3100 2500 - 3300
Price Range (Rs/Sq Yd) 19800 - 31500 22500 - 30600 28800 - 40500 20000 - 30000 31500 - 45000 31500 - 54000 19800 - 29700 15300 - 17100 21600 – 31500 13500 - 25200 17500 – 27000
August - September 2014
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Property Listing
real estate
RESIDENTIAL apartments
Central zone S.No. Company:
Project Name:
Property Type:
1
Vamsiram Builders
Lotus
3 BHK Apartment with Home Theatre
2
Fortune Group
Fortune Ikon
3 & 4 BHK Apartments
3
Sri Krishna Builders
Krishna Elite
3 & 3 BHK Apartments
4
Sri Krishna Ventures
Krishe Valley
5
Vamsiram Builders
Nest
6
Fortune Group
Essjay Fortune
7
Bhanu Estates
Atria10
8
Vamsiram Builders
Anri
9
Aparna Constructions
Aparna Aura
10
Alekhya Homes
Jasmine
Residential
11
Choice India Infra
Choice India
3 BHK Apartments
12
Hallmark Alekhya Homes
Green Canopy
13
Narne Homes
Carlton Creek
14
Rajapushpa Properties Pvt. Ltd.
Rajapushpa Atria
15
Gowra Ventures
Gowra Tulips
16 17 18
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Bollineni Developers Limited Madhu Infrastructure Vavasi Group
Bollineni Homes Madhu Park Ridge Vasavi's Brundavanam
Premium Residential Apartment 3 BHK Apartment with Home Theatre 2 & 3 BHK Independent Flats 3 BHK Independent Flats 3 BHK Apartment with Home Theatre 3 BHK Premium Luxury Apartments
Size Range: 2975 sft 3200 sft 2125 sft 3375 sft 1600 sft 1900 sft 1850 sft – 4500 sft 2945 sft 3590 sft 1165 sft 2100 sft 2061 sft 2887 sft 3125 sft 1820 sft 2406 sft 1140 Sft 1695 Sft 2900 sft
1250 Sft 1800 sft 1364 sft 2 & 3 BHK Apartments 2556 sft 2, 3 & 4 BHK Luxury 1350 sft Apartments 3455 sft 2BHK Independent 970 sft - 2520 Apts sft 2800 sft Residential Apartments 4700 sft 1200 Sft 2 & 3 BHK Apartments 2766 sft 1200 Sft to Residential Apartments 2000 Sft 2 & 3 BHK Apartments
HORIZONS AP’s most credible real estate magazine
Contact No:
Location:
9849558979, 9642323313 7702333563 / 7702301233 Srichand Hinduja 9292108365 Suresh Sarma – 9985228889 9849558979, 9642323313 7702333563 / 7702301233
Banjara Hills near Lotus Pond Banjara Hills, Road No. 10 Banjara Hills, Road No.10 Banjara Hills, Road No.12 Banjara Hills, Road No.2 Begumpet
040-27890917
Jubilee Hills
9849558979, 9642323313
Jubilee Hills, Opp. Andhra Jyothi
950520115
Jubilee Hills, Shaikpet
Mr.Afroz : 9000729977 V.Srinivas 9441115599 Ramesh 9849958853 Siva Prasad 9885976647 Mohan Rao 9553988822 8008004755 / 42005189 Chakravarthy 9959090390 Narender 9948837100 Vijay Kumar Y 9866487555
Kavuri Hills Kavuri Hills Khajaguda, Beside Lanco Hills Khajaguda, Near Gachibowli Kokapet, Gachibowli Madhapur Madhapur, Hyd Mehdipatnam, Near Langar House Moti Nagar, Hyderabad
Property Listing
on o f f er S.No. 19 20 21 22
Company: Janapriya Engineers Syndicate Choice India Infra Projects Shanta Sriram Constructions Shanta Sriram Constructions
Project Name: Janapriya Metropolis
Padmanabha Residency
1221 sft to 1854 sft 940 sft to 1454 sft 1050 sft Residential Apartments 2400 sft 1600 sft Residential Apartments 1625 sft 2050 sft to 3 BHK Apartments 2100 sft 1140 sft 2 & 3 BHK Apartments 1695 sft
Sirisampada Constructions
Samvruddi Sirisampada
25
Sirisha Constructions
Lotus Bliss
28 29 30 31 32
Sai Shakti Projects Aditya Housing & Infrastructure Alekhya Design Homes
3800 sft
2 & 3 BHK Luxury Apartments 2 & 3 BHK Gated Harmony Heights Community
24
27
2 & 3 BHK Apartments
Size Range: 850 sft - 1250 sft
4 BHK Apartments
Sanvi Infra Structures Sanvi - Galaxy
Alekhya Design Homes Alekhya Design Homes Alekhya Design Homes Hardhik Constructions
Property Type:
N 95
23
26
RESIDENTIAL apartments
Jasmine Marigold
3 BHK Apartments
2934 sft
Bird Of Paradise
3 BHK Independent Flats
1683 sft 1685 sft
Anmol
Residential Apartments 1550 sft
Bhaskara Signature
Residential Apartments 2532 sft
Empress Towers
Residential Apartments
1575 sft 2385 sft
Wind Chimes
2 & 3 BHK Apartments
2500 sft
33
Vasavi Group
Vasavi's Bhuvana
34
Vasavi Group
Vasavi's Shantiniketan
2200 Sft to 3500 Sft 1200 Sft to Residential Apartments 3000 Sft
35
Modi Builders & Realtors
Lotus Home
Luxury Apartments
36
Apurupa Infrastructure
Apurupa' Srinivas 2 & 3 BHK Height Independent Flats
37
Vijetha Builders
Sai Nivas
Residential Apartments
Contact No: 23222999 V.Srinivas 9441115599 9951355885 / 04065656500 9951355885 / 04065656500 Y Devender 9866410555 N Ramaiah 9676749359 Satish Dayal 9666859159 9553074447 / 9000729977 9553074447 / 9000729977 9553074447 / 9000729977
Location: Motinagar, Near Ameerpet Nandagiri Hills
Padmarao Nagar, Secunderabad Padmarao Nagar, Secunderabad Prakash Nagar, Begumpet Raghavendra Colony, Kondapur Ravindra Society, Jubilee Hills Road No.36 Ravindra Society, Kavuri Hills Ravindra Society, Kavuri Hills Ravindra Society, Kavuri Hills Ravindra D Venu ,9704966834 society,Madhapur Arvind S R Nagar 7799958259 Ramakrishna Shaikpet, Jubilee Hills 9912225072 9553074447 / Shilpa Hills, Hitec City 9000729977 Vijay Kumar Y Sri Nagar Colony 9866487555 Vijay Kumar Y White Fields, Kondapur 9866487555
East zone
38 39
Alekhya Constructions Limited A.V. Constructions India
741 sft
Jerusha/Rachel 8099102102
Bandlaguda, Near Kushaiguda
975 sft to 1565 sft
9949949439
Boduppal
Residential Apartments 965 sft
Vijay Kumar 9490748309
Hashinapuram, L.B.Nagar
Alekhya Towers
1, 2, 3 and 4 BHK Apartments
975 Sft - 4000 Sft
Aditya Mitta 9248003369
L B Nagar, Hyderabad
Av Info Pride
Gated Community Apartments
1100 sft to 1790 sft
9885809367 9866665544
Medipally
40
Fortune Group
Imperial Fortune
2 & 3 BHK Independent Flats
900 sft - 1500 sft
7702333563 / 7702301233
Moulali
41
Mahanagar Homes Pvt Ltd
Green Terraces
Residential Multi Storied
1050 sft to 1770 sft
A.Bhaskar Babu 961820066/ 77
Nagole, Bandlaguda
42
Modi Builders & Realtors
Emerald Heights
Luxury Apartments
43
Ventura Housing
Venkatadri Heights
2 & 3 BHK Independent Flats
947 sft - 1895 sft 1012 sft to 1614 sft
Jerusha/Rachel 8099102102 9573563357 / 9573567357
Pocharam Narapally
August - September 2014
53
Property Listing
real estate
RESIDENTIAL apartments North zone S.No.
Company:
Project Name:
Property Type:
Size Range:
44
Thirtha Projects .
Siddivinayaka
2 BHK Apartments
1170 sft 1200 sft
45
Shanta Sriram Constructions
Satellite Township
Spacious 2 & 3 BHK Super Deluxe Apts
1180 sft to 1513 sft
46
Vasavi Group
47
Choice India Infra Projects
48
Aparna Shelters
Vasavi's Grande Vista Guru's Choice Residency Aparna Kanopy Tulip
49
Andhra Infra Projects Golden Ridge
50
Modi Builders & Realtors
Sterling Heights
51
Saket Engineers .
Saket Sriyam
52
Saket Engineers .
Saket Pranaam
1200 Sft to 3200 Sft 1150 sft to 2 & 3 BHK Apartments 1414 sft 930 sft - 1495 2 & 3 BHK Apartments sft 1, 2 and 3 BHK 672 sft - 1664 Apartments sft 1415 sft Luxury Apartments 1554 sft 1241 sft Residential Apartments 1999sft 516 Sft - 1861 Residential Apartments Sft
53 54
Modi Builders & Realtors Janapriya Engineers Syndicate
Palm springs
Luxury Apartments
1910 sft
925 sft - 1460 sft 960 sft - 1350 2 & 3 BHK Apartments sft 810 sft - 1200 2 & 3 BHK Apartments sft 1835 sft Residential Apartments 2738 sft
Ravi - 9908155115 9951355885 / 04065656500
Bowenpally, Near Suchitra Jn
Vijay Kumar Y 9866487555 V.Srinivas 9441115599 9505201115 9440029000 / 8500040022 Jerusha/Rachel 8099102102 Hari Babu 9652352233 Hari Babu 9652352233 Jerusha/Rachel 8099102102
Dairy Farm Road, Alwal East Marredpally Gudlapochampally, Kompally Gujularamaram, Quthubullapur Gundlapochampally, Near Kompally Kapra, A.S. Rao Kapra, ECIL Kompally
23222999
Kowkur, Near Alwal
Srichand Hinduja 9292108365
M J Colony (A.S.Rao Nagar)
23222999
Sainikpuri
Karunakar 9666669835
Trimulgherry R.T.C.Colony.
K Madhuram Reddy - 9000919222 Nagendra 9866326099 Nagendra 9866326099 Nagendra 9866326099 Nagendra 9866326099 Subramanyam 9908155115 Vinod K Uniyal 9849222922 T Surya Prakasa 9885659463 Syed imran - 86860 45960
Alkapur Layout, Manikonda Alkapuri Township, Manikonda Alkapuri Township, Manikonda Alkapuri Township, Manikonda Alkapuri Township, Manikonda APPA Junction / Bandlaguda
Sri Krishna Builders
Krishna Dhaam
56
Janapriya Engineers Syndicate
Janapriya Lake Front
57
Vishal Projects Ltd
Srinivasa Krupa
58
Gangothri Developers
Nakshatra, Nakshatra Pride
Residential Gated Community Flats 2 & 3 BHK Independent Flats 3 BHK Independent Flats
1607 sft to 1739 sft 1166 sft 1604 sft 2120 sft 2175 sft
59
Anuhar Homes
Colors
60
Anuhar Homes
A - Square
61
Anuhar Homes
Coral Bells
3 BHK Apartments
2600 sft
62
Anuhar Homes
Yellow Blooms
3 BHK Apartments
2150 sft
63
Thirtha Projects
"Rock Cliff"
2 & 3 BHK Apartments
64
Jayadarsini Housing
Uttam Residency
Residential Duplex Apartments
1125 sft 1515 sft
65
Sanvi Infra Projects
Sanvi’s Sri Abode
66
Jain Housing & Constructions
Jain Salzburg
67
Praneeth Developers
68
Prem Constructions
69
Sai Shakti Projects & SVAS infra
54
Location: A S Rao nagar / Officers colony
Janapriya Arcadia 2 & 3 BHK Apartments
55
west zone
Residential Apartments
Contact No:
Praneeth Pranav Meadows Prem's Sai Brindavanam Ashoka Springfields
1600 sft
866 sft to 1660 sft 2&3 BHK Residential 914 Sft - 1273 Apts Sq.ft 2BHK Independent 1050 sft to Apts 1400 sft 2 & 3 BHK 1107 sft Independent Flats 1674 sft 1245 sft Residential Apartments 1760 sft 2 & 3 BHK Apartments
HORIZONS AP’s most credible real estate magazine
Attapur Bachupally Bandlaguda, Near APPA Junction,
Varma - 9849615833 Bowrampet / Bachupally 9848027961
Chandanagar
Akilesh 8897088000
Chandanagar, Near BHEL
Property Listing
on o f f er
S.No.
Company:
Project Name:
RESIDENTIAL apartments
Property Type:
Size Range:
70
Janapriya Engineers Syndicate
Janapriya Nile Valley
71
Alekhya Homes
Foot Prints
72
Alekhya Homes
Earth Song
73
Aliens Group
74
Jain Housing & Constructions
Aliens Space Station 1 Jains Carlton Creek
75
Patel Realty
Smondo
76
Ramky Estates & Farms
Ramky Towers
77
S & S Green Projects
Green Grace
78
Vasudeva Realtors
79
Ramky Towers
80
Abhyudaya Projects & Developers
81
Aditya Construction Company
Aditya's Paramount Heights
82
S & S Green Projects
Green Meadows
83
Shanta Sriram Constructions
Sunshine Residency
2 & 3 BHK Independent Flats 2 & 3 BHK Luxury Apartments
84
Mantri Developers
Mantri Celestia
2 & 3 BHK Apartments
Ramky Estates & Farms Modi Builders & Realtors
Ramky One Paradize
3 & 4 BHK Apartments
Splendour
Luxury Apartments
1933 sft
Muppa's Green Grandeur Manjeera Diamond Towers Sri Sai Ram Towers
2 and 3 BHK apartments 2 & 3 BHK Independent Flats
1100 sft to 1850 sft 777 sft - 1510 sft 1200 sft 2800 sft 960 sft - 1480 sft 1250 sft 2695 sft 2765 sft 2825 sft
85 86 87
Muppa Projects India
88
Manjeera Projects
89
Sai Sai Ram Projects
90 91 92
Bloomfield Elation Towers Ramky Towers Elite Urban County
940 sft - 1495 2 & 3 BHK Apartments sft 1165 Sft to Residential 1510 Sft 1300 Sft Residential 1695 Sft 1122 sft 2 & 3 BHK Apartments 2208 sft 2,3&5 BHK Residential 1053 Sft Apts 2556 Sft 990 sft - 1435 2 & 3 BHK Apartments sft 2235 to 5120 Residential Apts Sft 3 BHK Independent 2160 sft Flats 2870 sft 1320 sft 3 & 3 BHK Apartments 2577 sft 2310 sft to 3 & 4 BHK Apartments 5120 sft 1240 sft Residential Apartments 2050 sft Residential Apartments
2 & 3 BHK Apartments
Theme Ambience Constructions Cybercity Builders & Developers
Rainbow Vistas @ Rock Garden
Integrated Township
Vamsiram Builders
Crest
3 BHK Apartment
Fort View
3 & 3 BHK Independent Flats
1665 sft to 2010 sft 1045 sft 1435 sft 1100 sft to 1503 sft 850 sft - 1198 sft 1002 sft to 1506 sft
Contact No:
Location:
Mr.Afroz : 9000729977 Mr. Afroz : 9000729977
Chandanagar, Near Miyapur Financial District, Gachibowli Financial District, Gachibowli
9966234234
Gachbowli - Tellapur
23222999
Syed imran - 86860 45959 Ramesh 7799881247 Tirupathi Reddy 9989055127
Gachibowli Gachibowli Gachibowli
9052252222
Gachibowli
9393696959
Gachibowli
Prashanth – 9177496767 Y Devender 9866410555
Gachibowli Gachibowli
Ramakrishna 9912225072
Gachibowli - Tellapur
9052252222
Gachibowli Extension
9951355885 / 04065656500 Srinivas Manda 9177444769 VenuGopalReddy 9701001276 Jerusha/Rachel 8099102102 Nilovna 9959397222 66176617 / 23735194
Gachibowli, Near NASR School Gachibowli, Near Wipro Junction Gajularamaram Gajularamaram, Kukatpally Gopannapally Junction Gopanpally - Gachibowli
9346046071 / 72
Hafeezpet, Near HitecCity
9348521652
Himayathsagar Road
Srikanth 9989424444 9849558979, 9642323313
Hitec City Hitec City behind TCS E Park August - September 2014
55
Property Listing
real estate
RESIDENTIAL apartments
west zone S.No. 93
Company:
Project Name:
Property Type: 4 BHK Apartment with Home Theatre
3705 sft 4321 sft
3 BHK Apartments
2340 sft
4 & 5 BHK Duplex Apartments 3 BHK Luxury Apartments
2 & # BHK Premium Residential Apts
3400 sft to 4150 sft 1600 sft to 1642 sft 2200 Sft 2700 Sft 1155 sft 1940 sft 1075 sft to 2310 sft
Bliss
Residential
1645 Sft
Srinilaya Projects
Adi Emerald
3 BHK Apartments
Srinilaya Projects
Lahari's Adi Emerald
3 BHK Independent Flats
Matrix Tulip
2 & 3 BHK Apartments
Vamsiram Builders
Cosmos
NCC Urban Infrastructure NCC Urban Infrastructure Shanta Sriram Constructions
Nagarjuna Residency NCC Urban Gardenia Supreme Residency
97
Alekhya Homes
Wind Chimes
Residential
98
Fortune Group
Kumkum Heights
2 & 3 BHK Apartments
99
Pranit Projects
Galaxy Apartments
100
Alekhya Homes
101 102
94 95 96
103 104 105 106 107
Matrix Infra & Developers Serene Estates
Sushaanta Emami Swan Emami Constructions Lake Sumashaila Vaddepally Developers Enclave Bhavya Bhavya's Constructions Tulasivanam
108
Vertex Homes
Vertex Prime
109
Vertex Homes
Vertex Sadguru Krupa
110
Cecon Builders
Cecon Manor
111 112 113
56
Size Range:
Gowra Hallmark Townships Lanco Hills Technology Park Lanco Hills Technology Park
Green Living Lanco Hills Domina
2 & 3 BHK Apartments 2 & 3 BHK Hirise Gated Community 1, 2 and 3 BHK Apartments 2 & 3 BHK Apartments GHMC Approved 2 & 3 BHK Apartments HUDA Approved 3 BHK Apartment 2 & 3 BHK Independent Flats
1828 sft 2214 sft 1828 sft 2035 sft 1200 sft to 1900 sft 2000 sft 1133 sft 2011 sft 490 sft - 1645 sft 1135 sft 1600 sft 1140 sft 1470 sft 1800 sft
1000 sft 1550 sft 1200 sft to Residential Apartments 2200 sft 1900 Sft Luxury Apartments 4477 sq ft Condominiums
HORIZONS AP’s most credible real estate magazine
1195 Sft 1580 sq ft
Contact No: 9849558979, 9642323313 Venkat Ramana 9885178890 Venkat Ramana 9885178890 9951355885 / 04065656500 Mr.Afroz : 9000729977 7702333563 / 7702301233 Satish Paruchuri 9550677444 Mr.Afroz : 9000729977 Prasad Vasireddy 9963265559 9963265559 / 9963465559 Reshma Banu 9246227833 Vamsi -9581412794 Sreevikas , 8886922233 8978999449 / 9963222278 Valli - 9849912584 Ravi - 9396844261 Ravi - 9396844261 30681972
Location: Hitec City behind Shilparamam Hitec City, Gachibowli Hitec City, Gachibowli Hitech City, Near E-Park Hitex Kondapur Kondapur Kondapur Kondapur (Lahari Homes) Kondapur, Near Chirec Public School Kondapur, Opp. RTO Office KPHB Kukatpally Kukatpally Kukatpally Village, Balnagar Kukatpally, Nizampet Road Kukatpally, Nizampet Road Lingampally
9849056529, 8096699979 Amit : 080084 94973
Manikonda, Near Gachibowli
Amit : 080084 94973
Manikonda, Near Gachibowli
Manikonda
Property Listing
on o f f er S.No. 114 115
Company: Aparna Constructions Aparna Constructions
116
Ramky Group
117
Aparna Constructions
118
Aparna Infrahousing
119 120 121 122 123
Theme Ambience Constructions Phoenix Living Spaces NCC Urban Infrastructure Ramky Estates & Farms Abhaya Infrastructures
124
Muppa Homes
125
Sai Sai Ram Projects
126
Aditya Construction Company
Project Name: Aparna HillPark Lake Breeze Aparna Hillpark Avenues Ramky One Kosmos
RESIDENTIAL apartments Property Type:
Size Range:
1295 sft 2335 sft 2 & 3 BHK 1150 sft Independent Flats 1670 sft 1030 sft 2 & 3 BHK Apartments 1635 sft 1245 sft Aparna CyberZon 2 & 3 BHK Apartments 1855 sft Aparna Sarovar 1920 sft 3 & 4 BHK Apartments Grandè 3745 sft 2 & 3 BHK 1130 sft Golf View Independent Flats 2050 sft 1034 sft Golf Edge 2 & 3 BHK Apartments 2018 sft 1535 sft to NCC Urban One 3 & 4 BHK Apartments 3380 sft 1261 sft to Ramky One Wave 2 & 3 BHK Apartments 1800 sft 2 & 3 BHK High Rise 1205 sft to Pushpak Luxury Flats 1705 sft 1000 sft to Muppa's 2 & 3 BHK Apartments 1600 sft Aishwarya Sri Sai Ram 2 & 3 BHK 1236 sft Green Meadows Independent Flats 1918 sft 1325 sft Aditya Silicon Residential Apartments Heights 1700 sft 2 & 3 BHK Apartments
Contact No:
Location:
9010251099
Miyapur, Chandanagar
040-23352708
Miyapur, Chandanagar
Srinivas Reddy 8008102575
Nallagandla
9010716060
Nallagandla, Gachibowli
9010484597
Nallagandla, Gachibowli
9348521652,
Nanakramguda
9160098888 / 9160001559 Venkat Ramana 9885178890 Ghouse 8978989820 A V Murthy 9246186547 / 49 Bhargav 9908166333
Nanakramguda, Gachibowli Narsingi Narsingi Nizampet, Kukatpally ORR - Narsingi
9346046071 / 72
Pragathi Nagar, KPHB
Ramakrishna 9912225072
Tellapur - Gachibowli
Non Hyderabad 127
VPL Projects
128
VPL Projects
129
VPL Projects
130 131
Ramky Estates & Farms Welfare Buildings & Estates
Green City Heights Green City Towers Green City Homes Ramky One North
3 & 4 BHK Luxury Apartments 3 BHK Duplex Apartments
1397 sft to 3534 sft 1361 sft
Welfare Heights
2 & 3 BHK Independent Flats
1100 sft 1200 sft 1035 sft 1375 Sft 1200 sft 2020 sft
Sardar Nest
2 & 3 BHK Apartments
1000 sft 1450 sft
2 BHK Apartments Residential Apts
132
Sardar Projects Pvt Ltd
133
Sri Gruhajyothi Homes & Resorts
134
Chilukuri Housing Projects Pvt Ltd
135
Royalmindz Infra
Royal City
Residential Apartments
136
Saket Engineers .
Saket Callipolis
137
Venkusa Estates Housing Projects
Residential & Commercial Apts
1200 sft 1500 sft 1302 Sft 2005 Sft
Venkusa Hillview
2 & 3 BHK Apartments
2800 Sq Yards
138
Vasundhara Projects
Lorven's Fortune Castle
Residential Apartments 1000 sft
Sri Gruhajyothi Enclave Chilukuri Blossoms Paradise
Residential Apartments 200 sqyds 2 & 3 BHK Apartments
1215 sft 1830 sft
Suresh Bavineni 9848190700 Suresh Bavineni 9848190700 Suresh Bavineni 9848190700 Sridhar 8105899779 S V Acharya 9912133336 J V Giri 9676664422 M. Srinivasa Rao - 0891-2561789
Apparel Export Park, Vadlpudi post, Vizag Apparel Export Park, Vadlpudi post, Vizag Apparel Export Park, Vadlpudi post, Vizag Bangalore Doctor's Colony, Waltair Kanithi, Gajuwaka Other than Hyderabad
Prabeer 9848877111 9848043236, 9849055343
Karakavalasa Village, Vizianagaram Dt Mithilapuri VUDA Colony, Madhurawada Other than Hyderabad Rajahmundry, Opp Rly Station (East) Sarjapur Road, Bangalore Timmanayadupalem, Tirupati
Vamsi - 9959934488
Vizag
Chilukuri Srinivas 9394218373 8978481114
August - September 2014
57
Property Listing
real estate
RESIDENTIAL : Villas
Central zone S.No. 1
Company:
Project Name:
Rajapushpa Properties Pvt Ltd
Rajapushpa Cannon Dale
Bommarillu Farma & Villas India Modi Builders & Realtors
Bommarillu Golden City Sunshine Park Annexe
Property Type: Luxury Triplex Villas
Size Range:
Contact No:
320 Sq Yds 498 Sq. Yds
Satish Varma 9666988688
200 Sq Yds 717 Sq Yds 174 Sq Yds 333 Sq Yds
Ria - 9666201016 / 32556399 Jerusha/Rachel 8099102102
133 Sq Yds – 240 Sq Yds 4970 sft - 350 Sq Yds 150 Sq Yds 200 Sq Yds 141 Sq Yds 292 Sq Yds 110 Sq Yds 240 Sq Yds 160 sq yds 330 sq yds 202 Sq Yds 319 Sq Yds 200 Sq Yds 400 Sq Yds 300 Sq Yds2000 Sq Yds 167 Sq Yds 335 Sq Yds
D. Ram Mohan 9985648555 Ramakrishna 9912225072
Location: Kokapet, Gachibowli
East zone 2 3
North zone 4
Sri Rama Developers
5
Aditya Housing & Infrastructure
6
Praneeth Developers Modi Builders & Realtors Pvt Ltd Suchir India Developers Pvt Ltd Aparna Constructions Modi Builders & Realtors Saket Engineers Pvt Ltd Jayadarsini Housing Pvt Ltd Modi Builders & Realtors Pvt Ltd
7 8 9 10 11 12 13
Sri Ram’s Ayodhya Aditya Ville Grande Praneeth Pranav Meadows
Independent Villas Luxury Villas
Independent House Residential Villas Independent Villas
Greenwoods
Luxury Villas
Suchir's Koral Reet Aparna Kanopy Lotus
2 & 3 BHK Independent Villas 91 - East & West facing Villas
Sterling Homes
Luxury Triplex Villas
Saket Bhusattva
Premium Villas
Jayadarsini Township
Duplex Villas
Harmony Homes
Luxury Villas
West zone 14
Sunway Opus Grand
Neville
1, 2 & 3 BHK Premium Flexi Villas
15
S V Builders
S V Avenues
Independent House
16
Namaha Estates
17
Keerthi Estates P L
58
Namaha Independent Villas Lakewood Keerthi Richmond 4BHK Triplex Villas Villas
HORIZONS AP’s most credible real estate magazine
1101 sft - 1579 sft 150 Sq Yds with 1200 sft House. 375 Sq Yds 4300 sft 3400 Sft - 4037 Sft
Bhongiri Ghatkesar, Near New Infosys Campus
Bahadurpally Bowenpally, Near Suchitra Junction
Varma - 9959615833 Bowrampet Jerusha/Rachel 8099102102 66685000 / 6000 9505201115
Dundigal, near Miyapur Genome Valley, Shameerpet Gudlapochampally, Kompally Gundlapochampally, kompally
Jerusha/Rachel 8099102102 Mr. Uttam Thakur 9849857633 Vinod K Uniyal 9849222922 Jerusha/Rachel 8099102102
Shamirpet, Ratnalayam Temple
040-23038888
Ameenpur Village
Rangaraju 8374499444
Ameenpur, Chandanagar
MINOO – 98483 02929 Meena Reddy 9966603939
Kompally, Gowdevally Medchal
APPA Junction APPA Junction, Near Glendale Academy
Property Listing
on o f f er S.No. 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Company: SRK Green Avenues Pvt Ltd
Project Name:
RESIDENTIAL : Villas Property Type:
Size Range:
3 & 4 BHK Independent 167 Sq Yds Villas 350 Sq Yds Praneeth's Pranav 120 Sq Yds Praneeth Developers Independent Villas County 300 Sq Yds Symphony Park 150 Sq Yds Safeway Infra Independent Villas Homes 400 Sq yds 241 Sq Yds Bloomfield Elation 5 BHK Independent Vasudeva Realtors Villas Villas 350 Sq Yds Vasudeva Realtors Bloomfield 4 BHK Independent 240 Sq Yds Pvt Ltd Ecstasy Villas 350 Sq Yds 4 BHK Independent 4541 sft - 4685 Pooja Ventures first leaf Villas sft 3 & 4 BHK Independent 259 Sq Yds Pooja Ventures Wonderful World Villas 302 Sq Yds Premium Independent 380 Sq Yds and Poulomi Estates Poulomi Aristos Villas above Sumashaila Vaddepally Independent Triplex 200 Sq Yds Developers Enclave Villas 206 Sq Yds Ramky Estates & Ramky Pearl Independent Villas Farms 380 Sq Yds HUDA Approved 4 BHK Vertex Homes Vertex Lake View 240 sq yds Triplex Villas 404 Sq Yds; Gowra Hallmark Palm Breeze Independent Villas 4600 sft (Built Townships Pvt Ltd up area) Lanco Hills 5800 sq ft Hanging Gardens Villas 5850 sq ft Technology Park 167 Sq yds Namaha Estates Namaha Rhythm Independent Villas 267 Sq Yds 300 Sq. Yards; Jivika at Villas in Gated Aditya Constructions 3300 sft (Built Rajeshwara Community Up Area) Aparna HillPark 116 - 3 BHK Luxury 3409 sft - 3475 Aparna Constructions Gardenia Villas sft NSL Divyasree Infra 4 BHK Independent 4000 sft - 5200 Orion Villas Pvt Ltd Villas sft Vision Avenues Vision Infiniti 3 & 4 BHK Independent 460 Sq Yds Pvt Ltd Homes Villas 1100 Sq Yds 289 Sq Yds Tudor Infrastructure Tudor Ken 4 BHK Luxury Villas 311 Sq yds Rajapushpa Rajapushpa Life 330 Sq Yds Luxury Triplex Villas Properties Pvt Ltd Style City 660 Sq Yds High-End Premium 310 Sq Yds Pranit Projects Pvt Ltd Mayfair Villas Luxury Villas 475 Sq Yds 3800 sft - 4500 Vision Avenue Pvt Ltd Infiniti Homes Independent Villas sft 268 Sq Yds Vision Avenue Pvt Ltd Vision's Urjith Independent Villas 400 Sq Yds SRK Green Park
South zone Ramky Viha Properties 41 Ramky Tranquillas Independent Villas Pvt Ltd 42
Vishal Projects
Vishal Sanjivini
Villas
43
Aparna Constructions
Aparna Elixir
72 - 3BHK Signature Villas
Contact No:
Location:
8008577707 / 08
Bachupally 'X' Roads
Murari Bhagat 9959615853 9849844488 / 7799766662
Beeramguda Near BHEL BHEL
9393696959
Gachibowli
9393696959
Gachibowli - Gopanpally
Sudhamsh Reddy 9703752225 9010770000 / 66770000 Chandra Shekar 9000813399 8978999449 / 9963222278 Venugopal 9701001276
Gachibowli - Gopanpally Kismatpur, Near APPA Junction Kokapet Kukatpally Kukatpally
Ravi - 9396844261
Kukatpally, Nizampet Road
9849056529, 8096699979
Manikonda
Amit : 080084 94973
Manikonda, Near Gachibowli
MINOO – 98483 02930
Miyapur
Avinath P 9849794002
Miyapur, Bachupally Road
9912111592
Miyapur, Chandanagar
Rakesh Talwar 9581412763 9989999853 / 9989999856 7702777549 Satish Varma 9666988688 Satish Paruchuri -9550677444
Raidurg Tellapur Tellapur Tellapur Tellapur - Gachibowli
66785856 / 57
Tellapur Village
9989999853 / 56
Tellapur Village
320 Sq Yds 391 Sq Yds 2000 sft - 4000 sft
Prashanth – 9177496767 K Karunakar 9666669835
4693 sft
9948663170
Kismathpur Maheshwaram, Behind Fabcity Puppalaguda August - September 2014
59
Property Listing
real estate
RESIDENTIAL : Villas S.No.
Company:
Project Name:
44
Green Home
Beverly Slopes
45
Green Home
My City
46
Suchir india
Suchir's Timberleaf
47
Green Home
Icon's Isle
48
Theme Ambience Constructions
Lake View
49
Headway Properties
Info Tech City
Property Type: 3 BHK Independent Villas
Size Range: 1425 sft - 1531 sft 200 Sq Yds Villas 300 Sq Yds 4 BHK Independent 3526 sft - 3610 Villas sft 3 & 4 BHK Independent 2835 sft - 3634 Villas sft 3 BHK Independent 2652 sft - 2665 Villa sft 267 Sq Yds Independent Villas 600 Sq Yds
Contact No: 9849044396 / 9000001169 9849044396 / 9000001169 66135000 / 6000 / 7000 9849044396 / 9000001169
Location: Shamshabad Shamshabad Shamshabad Shamshabad Airport Road
9348521652,
Tolichowki
G. Phani Raj 9052228302
Tummalluru
Suresh Bavineni 9848190700
Apparel Export Park, Vadlpudi post, Vizag
Teja - 9949924488
Nalgonda
Vamsi 9959934488
Vizag
Kiran Kumar.K 8897445679
Warangal
Non Hyderabad 50
VPL Projects
Green City Villas
Independent Duplex Villas
51
Vasundhara Projects
Jublee Hills
Independent Villas
52
Vasundhara Projects
Lorven's Fortune Homes
Individual Homes
53
Ramky Enclave
Ramky Enclave
Independent Villas
2548 sft - 3720 sft 150 Sq. Yds 400 Sq. Yds 200 Sqyds/ 1000sft 167 Sq Yds 958 Sq Yds
RESIDENTIAL : Plots East zone S.No. 1
Company: AVC Group
Project Name:
Property Type:
AVC Township
Residential Plots
Size Range: 200 Sq Yds 500 Sq Yds
Contact No: 9391078186
Location: Nagarjuna Sagar Highway Road
North zone 2
Aparna Shelters
Aparna Kanopy Jasmine
133 - Residential Plots
3
Primus Developers
Primus Epsilon
Plots
Venkusa Estates Housing Projects Headway Properties Jayadarsini Housing Pvt Ltd
Venkusa Estates
Open Plots
Metro Homes Jayadarsini Township
Plots
Company: Pragati Green Meadows & Resorts Pragati Green Meadows & Resorts
Project Name: Pragati Green Islands_Phase 2 Pragati Green Islands_Phase 1
9
MVR Harivillu
Peacock Paradise
10
Lahari Infrastructure Ltd
11
Pudota Estates India
12
Lahari Green Park
4 5 6 West zone S.No. 7 8
60
Plots
Property Type: Freehold Property, Open Plots Plots
Farm Land with Club House HMDA approved Lahari Green Park independent, Plots Aishwarya Plots Residency HMDA Regularized, Lahari Green Park Independent plots
HORIZONS AP’s most credible real estate magazine
267 sq yds 467 sq yds 267 Sq Yds 433 Sq Yds 200 Sq Yds 267 Sq Yds 26 acres 300 Sq Yds2000 Sq Yds Size Range: 267 Sq Yds 534 Sq Yds 267 Sq Yds 1000 Sq Yds 1056 Sq Yds 2000 Sq Yds 250 sq yds 400 sq yds 200 Sq Yds 600 sq yds onwards
9948663170 9989420202 9848043236 / 9849055343 23555441 Vinod K Uniyal 9849222922
Gudlapochampally, Kompally Gundlapochampally, Kompally Kowkur , Bollarum Medchal Medchal
Contact No: ASRK Reddy 9951678678 Shibboo 8499985661 Satyanarayana 8008500527 Srinivas 7799777755 Jaya Prasad Raja 9949036460
Location: Proddutur (V), Shankarpally (M) Proddutur (V), Shankarpally (M)
Srinivas
Bhanoor
Shankarapally Shankarpally Shankerpally
Property Listing
on o f f er
South zone Vasundhara Projects 13 Pvt Ltd
RESIDENTIAL : Plots
Lorvens Gold Leaf Plots HMDA Approved Residential Layout
76 acres
Vamsi - 9959934488 Dasarapalli
267 Sq Yrds
SSRK Prasad 9000381234
Kandukur
200 Sq. Yds 400 Sq. Yds
Teja - 9949924488
Kandukur
14
Subha Gruha Projects
Sukrithi Royal
15
Vasundhara Projects Pvt Ltd
Lorven's Paradise Plots
16
West Mount Projects
Red Clay Court II
HMDA Approved Residential Layout
267 Sq Yrds
17
Green Home
Green Acres
Plots
1000 Sq Yards
18
Aliens Group
Aliens HUB
Residential Plots
19
Vasundhara Projects
Lorven's City
Plots
20
Green Home
Rainbow Drive
Plots
21
Green Home
Bloomington
Plots
22
Green Home
Eldorado
Plots
23
Subhagruha Projects
Sukruthi Royal
Residential Plots
300 Sq Yds2000 Sq Yds 200 Sq. Yds 400 Sq. Yds L.P. No. 01/ Layout/ HADA/06 500 Sq Yds 1000 Sq Yds
Dr. T S Rao 9848017162 9849044396, 9000001169
Maheswaram Mandal Moinabad
9966234234
Shamshabad
Teja - 9949924488
Shamshabad
P.V.Ratnam 8977812565
Shamshabad Airport Road Shamshabad Airport Road
200 Sq Yds 534 Sq Yds
9849044396, 9000001169 9849044396, 9000001169 Ramana 9177966407
167 Sq Yds 311 Sq Yds 167 Sq Yds 333 Sq Yds
V Srinivas 9848031672 S R Niranjan 9849999036
Acthuthapuram VUDA Layout
Srisailam Highway Road Srisailam Highway Road
Non Hyderabad 24
Kranthi Properties
Kranthi Paradise
Plots
25
BTS Estates
Green Meadows
VUDA Approved Residential Plots
26
Chilukuri Housing Projects Pvt Ltd
27
Bhimili, Vizag
167 Sq Yds 300 Sq Yds
Chilukuri Srinivas 9394218373
Chilukuri Housing Projects Pvt Ltd
Chilukuri Waterfront Residential Plots Project Chilukuri Residential Plots Brundavan Estates
167 Sq Yds 1000 Sq Yds
28
Godaavari Townships
Sai Suvarna
Plots
45 Acres
Chilukuri Srinivas 9394218373 G Chakradhar 9866319567
Katakapalli near Kothavalasa
29
Aparna Constructions
Aparna Western Meadows
400+ - Residential Plots
9948223129
Kondakal, Mokila
30
GNV Infrastructures
Manas Vihar
Residential Plots
Near Kothavalasa, VUDA Approved
Sri Sai Meadows
Residential Plots
Sai Gandarva Nagar
Residential Plots
G.N.V.Ajay Bhaskar 9866383699 Mahesh 8096791511 Mahesh 8096791511
31 33
Raja Infra Projects Pvt Ltd Raja Infra Projects Pvt Ltd
300 Sq. Yds 500 Sq. Yds 167.6 Sq Yds 266.6 Sq Yds 90 Sq Yds - 300 Sq Yds 90 Sq Yds - 400 Sq Yds
Ganbhiram Ganbhiram
NH5 Achivaram Jn Savaravilli NH5 gum city junction
August - September 2014
61
Property Listing
real estate on offer S.No. 34
Company:
Project Name: Ananda Krishna Swathi Promoters P Ltd Nagar Sector-7
Property Type: Residential Plots
35
Subha Gruha Projects
Maple Meadows
VUDA Approved Residential Layout
36
Vasundhara Projects
Lorven's Fortune
Plots
37
Vasundhara Projects
Lorven's Hi-land
Plots
38
Vasundhara Projects
Vensai Township
Plots
Size Range: 167 Sq Yds 1000 Sq Yds
Contact No:
Location:
Naidu - 9642555526 Savaravilli, Gum City SSRK Prasad Ph No.9000381234
267 Sq Yrds 200 Sq. Yds 400 Sq. Yds 200 Sqyds 200 Sq. Yds 400 Sq. Yds
Srikakulam Highway
Vamsi - 9959934488 Visakhapatnam Vamsi - 9959934488 Visakhapatnam Vamsi - 9959934488 Visakhapatnam
Commercial
Central zone S.No. Company: 1 Vasavi Group 2 Fortune Group 3 4
Project Name: Property Type: Imperial Towers Commercial Fortune Monarch Commercial Premium PBSAMP Projects Krishe Sapphire Office Building Choice India Infra Projects Choice Center Commercial
Size Range: Contact No: Customised Vijay Kumar Y - 9866487555 200000 sft 7702333563 8000 sft 9985228889 24000 sft 40000 sft V.Srinivas - 9441115599
Location: Ameerpet Jubilee Hills, Rd - 36 Madhapur Main Rd S D Road
East zone 5
Serene Estates
West zone 6 Gowra Ventures
Arena
The Platina Ramky Towers Grandiose
IT Sez Office Space for lease
15000 sft 63000 sft
Commercial
1 million sft
Commercial
2 Lakhs sft
7
Ramky Estates & Farms
8
Shanta Sriram Constructions
SS Techpark
Commercial
9
S R Peddi Estates India
Hyndava Techno Park
10
Serene Estates
Centrum
Commercial (Tech Park) Office space for lease
1320 sft 4800 sft 12000 sft 60000 sft 10000 sft 66000 sft
11
Ramky Estates & Farms
Ramky Selenium
Commercial
4.5 Lakh Sft
62
HORIZONS AP’s most credible real estate magazine
Satyajit - 9581412793
Uppal
42005189 / 90 Venugopal Reddy 8008012889
Gachibowli Gachibowli
9951355885 / 04065656500
Gachibowli, Near DLF Cybercity
9640028888, 9848018639
Hitech City, Phase II
Lalit - 9581412782
KPHB
Venugopal Reddy 8008012889
Nanakramguda, Financial district
August 2014 - September 2014
63
RNI. No. APENG/2012/44473