Horizons Volume 2
ANDHRA PRADESH REAL ESTATE DEVELOPERS ASSOCIATION www.apreda.org
A P ’s
Bright days ahead for Hyderabad
Issue 8
m o s t
Rs.50
c r e d i b l e
December 2012-January 2013
r e a l
e s t a t e
m a gazine
Biodiversity pylon
harbinger of a safe tomorrow (See page 56)
Hyderabad looking at ‘mega status’
gachibowli
looking up
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HORIZONS AP’s most credible real estate magazine
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HORIZONS AP’s most credible real estate magazine
SIRISAMPADA SAMVRUDDI SAMVRUDDI SIRISAMPADA 3 BHK DELUXE APARTMENTS @ 471&484-C, RAGHAVENDRA SOCIETY, KONDAPUR
meticulously craFTED FLATS FEATURING PoP false ceiling designer work for all bedrooms ad halls RCC partitions for beroom and kitchen Main Door: Specially designed and polished teak veneer door with grooves Internal: Specially designed pre-laminated doors with standard hardware JOHNSON LIFT WITH V3F FACILITY for smooth landing and power saving EICHER GENERATOR back up for LIFT and common areas and five points in each flat GRANITE Flooring for corridors and stairs STAINLESS STEEL RAILING for the staircase Granite Cladding for LIFT frontage. Specifications are indicative and subject to changes Conduit provision for home theatre and TV Specifications are indicative and subject to change
Possession by December 2012.
Flats available Flat No. Type
SBU Area Floor
Main Door Facing
301 401 501 402 502
1600 1600 1600 1625 1625
South facing South facing South facing North facing North facing
3 BHK 3 BHK 3 BHK 3 BHK 3 BHK
Third Fourth Fifth Fourth Fourth
SIRISAMPADA CONSTRUCTIONS Flat 401, Sirisampada Hi-tech, Plot 2&4, Kavuri Hills Jubilee Hills Post, Hyderabad-500 033 Phone: Office: 040-42200009, 9866622877 Site: 9676749359, E-mail: sirisampadaconstructions@gmail.com
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APREDA touching new horizons
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he Andhra Pradesh Real Estate Developers’ Association, popularly known as APREDA, was established in 1995. APREDA today has a majority of leading builders and developers as a part of its over 400 strong membership. It has branches/associates in Vizag, Vijayawada, Guntur, Kakinada and Tirupati. Over the years, APREDA has emerged as an effective, self-regulatory promoter body of the real estate industry in Andhra Pradesh. APREDA has been effectively working with the Government and other institutions and taking an active role in shaping real estate policies, development control rules, rationalising the taxes and fees like VAT, Service tax, stamp duty, and other registration charges, Impact fee and other develoment charges, etc., benefiting all the stake holders. APREDA has been organising conferences and property shows to make the public aware of the products, numerous offerings and various options from the real estate industry in AP. To enrich the members’ knowledge on the latest trends and technologies, APREDA has been organising conferences each year since 2010. The theme of the conference in the previous years was, “Green Buildings, Townships and Destination, Hyderabad” and “Vibrant cities for vibrant economy -- Galvanizing for action“ This year, APREDA is organising a conference on “Real Estate -– Accelerating the Growth Story” with Jones Lang LaSalle (JLL) as the Knowledge Partner. The conference is being held at the National Academy of Construction Auditorium on November 10, 2012. Registrations and other details are available on www.apreda.org. The first APREDA Property show in 2010 was conducted on October 30-31, 2010, at HITEX and was a huge success with about 20,000 home seekers attending the event. It was inaugurated by Dr K Rosaiah, then CM of AP. This show was the harbinger for other events to be showcased. This success was replicated in the year 2011, when the second property show was organised on 15th & 16th October 2011. The property show was inaugurated by Sri N Kiran Kumar Reddy, Hon’ble Chief Minister of Andhra Pradesh. This time around APREDA had over 150 properties on display. Despite the fact that the exhibition was conducted during a season of political unrest, it attracted over 40,000 visitors. Conservative figures indicate that about 1,500 people purchased properties during this two-day event. The APREDA property show is undoubtedly the biggest event in any year. For the third year in succession, the property show is being organised at HITEX on November 10th and 11th this year. APREDA as part of its Corporate Social Responsibility took up many activities like contructioon of free houses for tsunami victims in Prakasam district, flood-hit people of Kurnool and Mahaboobnagar districts, translocation of full-grown trees from the ESI premises and Hyderabad Metro Corridor, beautification of both the entrance roads of Hitex and HICC, Hyderabad, ahead of the CoP-11 Summit . APREDA has been publishing APREDA Horizons, maintaining a web site, organising technical and product presentation sessions, foreign study tours, etc for the benefit of developers and general public at large.
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HORIZONS AP’s most credible real estate magazine
From the news pages & sites... Page 8
Hyderabad on the threshold of a breakout Page 12 Hyderabad seeking world-class status Page 18
n t e n t s
APREDA Diary Page 46
New sand mining policy in place Page 28
SBI India’s No. 1 home loan player Page 30 Pragati sends out clear message at Biodiversity Conclave Page 34
The Grace of Green Living Page 42
Occupiers set their sights on Gachibowli Page 50 Build Green, Whatever Maybe the Colour! Page 52
Incredible ‘earth-scraper’ in Mexico City Page 36 Motorcycle Diaries Page 38
Shopping Etiquette Page 48
Monument which reflects crucial message Page 56
Printed, published by P. Prem Kumar on behalf of AP Real Estate Developers Association, owned by AP Real Estate Developers Association, printed at Paper Craft Center, 2-3-514/4, Umanagar, Ameerpet, Hyderabad, A.P. Published from AP Real Estate Developers Association, # 102, Tirumala Shah Apartments, Yellareddyguda, Ameerpet ‘X’ Road, Hyderabad, A.P.- 500 073. Tel: 65572184, 9989844467 email: editor@apreda.org www.apreda.org Editor: Chalapathi Rao Raidu, RNI. No. APENG 03278/01/1/2011-TC Sole distributor: Shams News Agencies, Abids, Hyderabad. Ph: 9247750770
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From the news pages & sites... Additional housing demand to be 2.1 million units in 5 years: C&W
and Kolkata’s mid and high-end demand is touted to be about 77,000 units.The three southern cities namely Bangalore, Chennai and Hyderabad will account for nearly 45% of the demand in mid and high-end segments.
Centre gives in, allows States to set up real estate bodies
Major Indian cities are estimated to see additional demand for housing around 2.1 million units in the next five years and more than 50% of this will be in the mid-income segment, property consultant Cushman & Wakefield said in a report. Around 18% of pan-India additional demand during these five years is likely to be concentrated across the top eight cities including Mumbai, National Capital Region, Bangalore, Chennai, Pune and Kolkata. Of the total additional demand in the top 8 cities, demand for mid-income housing is estimated to be highest at 1.3 million units, while high-end segment demand is estimated to be 451,000 units and 362,000 units in low-end segment. “The residential housing demand can be seen as an indication of the current and future economic activities in these cities. Majority of the growth in demand (in the top 8 cities) is expected to come from the services sector. Bangalore, Hyderabad, Mumbai and NCR, Pune and Chennai will see demand on account of both services as well as manufacturing sectors,” said Sanjay Dutt, Executive Managing Director, Cushman & Wakefield India. During these years, the total demand for housing units is expected to increase at a compounded annual growth rate ( CAGR) of 2.8% across India, with Bangalore expected to record the highest rate of 4.1% followed by Pune and Hyderabad. NCR is expected to see the highest demand of 381,000 units in mid and high-end segments during 2012-2016. In the western region, Mumbai is expected to see demand of 188,708 for mid and high-end housing, while the demand in Ahmedabad for the same category will be 173,394 units,
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HORIZONS AP’s most credible real estate magazine
Buckling under pressure from the States, the Centre has decided to allow them to set up their own grievance redressal mechanism to protect property buyers’ interests from realtors. In a U-turn, the Housing and Urban Poverty Alleviation Ministry, which has finalized the draft of Real Estate Regulatory Authority Bill, has dropped the original provision to set up a Central real estate appellate tribunal. Apprehending that the bill might face opposition over this clause, the Ministry has decided to allow States to set up their own appellate authority. The Ministry had earlier received several representations from the States demanding to set up their own grievance redressal mechanism. The tribunal’s role will be to adjudicate any dispute between a developer and an allottee as also between the developer and the real estate regulatory authority. “We have agreed to the States’ demand to set up their own appellate tribunal,” said a Ministry official. The bill proposes setting up a real estate State. All such builders developing a project where the land exceeds 1,000 square metres will have to register themselves with the body before launching or even advertising their project. Failure to do so will invite up to a maximum of three years’ imprisonment or fine of up to 10% of the total project cost. The developer will also have to submit project details, including approved layout plan, timeline, cost and the sale agreement that prospective buyers will have to sign to the proposed regulator. Only developers who fulfil this disclosure clause will be permitted to advertise their project to prospective buyers.
AP, Washington ink pact to improve ties Chief Minister Kiran Kumar Reddy and Washington State Governor Christine O. Gregory recently signed a statement of joint interest between Andhra Pradesh and Washington State, USA. Speaking after signing the agreement in Hyderabad, the Chief Minister said that Washington select-
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ing AP as the partner and giving an opportunity for trade and business would go a long way in improving Indo-US relations. “We have a single window clearance system for investments. It is not merely business, trade, etc, it is a good chance for exchange of culture and education,“ Mr Reddy said. He hoped that since both the States have lots of advantages in the partnership they will have long cherished benefits for both the States. Ms Gregory said that the agreement will strengthen ties between AP and Washington State. “Investments in agriculture and IT sectors have a bright future. Trade relations with India, particularly AP, will go a long way. We have in our State massive hydel power and are number one in renewable energy, good education system with renowned universities. Major cities are connected by air and now we should have a direct flight to Hyderabad,“ she said. “My goal is to make Hyderabad number two after Mumbai in promoting ties with Washington state,“ she added. Major Industries Minister J Geeta Reddy, several Ministers, the Chief Secretary, Principal Secretaries of various departments, and representatives of FICCI, CII, ASSOCHAM participated in the meeting.
EMIs of the first two years or till the possession is not given, or hold out other inducements like free modular kitchens, LCD TV sets, gold coins, or foreign junkets. These offers, if analysed closely, do not seem to reduce prices substantially, but clearly act as a catalyst in the prospective buyer’s decision to purchase a house. Consider the offer of delaying the payment of EMI for two years: This may enable you to buy a house even if your income is not adequate to pay the EMI today, on the premise that your income could rise sufficiently in the next two years to help you pay up. However, this depends upon your judgment about your future income. But clearly, if you postpone the decision to purchase today, you will find it difficult to buy the same house after two years. The price of the same house will go up so high in two years that even with an increased income you will find it difficult to close the deal - the trend in the last 10 years suggests that this is certainly the case for most prospective buyers.
Hyderabad among top 10 ‘must-see’ cities in 2013
Real estate demand to see surge during festive season As the festive season is an auspicious time to make investments, a large number of fencesitters jump into the fray if the options are good enough. With the onset of the festival season, the real estate market gets a boost in India. But, interestingly, as the demand soars, instead of increasing the prices, it has been seen in the past that developers give concessions to buyers to push sales. Even banks and finance companies cut their interest rates, or remove the processing fees, so as to help more and more customers close deals. On the whole, during the festive season between October and December, the environment in the real estate market is very upbeat. A major developer says that during the festival season almost all developers offer bonanzas owing to stiff competition, which they cannot factor into their cost and which cut into their margins. Therefore, this could be the right time to do a bargain and purchase a house. In the festival season, most developers either cut the price of their product or offer buyers the option of not paying the
San Francisco is the place to go next year, according to Lonely Planet’s latest list of top 10 cities to visit. One of the most densely populated cities in the United States, San Francisco will host the 2013 America’s Cup, the yacht race that was first contested in 1851. Amsterdam comes second in the list of must-see cities. The Dutch capital has a festive year ahead in celebration of the 400th anniversary of the construction of the city’s iconic canal ring. It will also be the 160th birthday of the legendary artist, Vincent van Gogh. Although Lonely Planet’s latest list did not contain as many surprises as last year’s choices, the selections still contain a few eyebrow-raisers. Hyderabad is the top Asian city, ranking third overall. The historic Indian city is currently refurbishing many of its monu-
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ments back to their former glory. The Falaknuma Palace has already been revamped by the Taj group of hotels. Off the usual Brit tourist trail is Londonderry, which comes fourth in Lonely Planet’s list for being the United Kingdom City of Culture in 2013. The All-Ireland Fleadh will be held there as well as awards ceremonies for the Turner Prize, Brit Awards and the Man Booker Prize next year. Just making it into the top 10 is Argentina’s Puerto Iguazu, famous for the Iguazu Falls. The city is said to be the best for families and adventure in 2013.
JLL voted top real estate advisor in Asia Pacific region again Rating and research agency Jones Lang LaSalle (JLL) has been awarded number one overall real estate advisor in the Asia Pacific region in the Euromoney Real Estate Awards 2012. This is the second year running that JLL has received this award and it is a great achievement as the winners are voted by clients and industry peers. In addition, JLL was awarded a number of awards across the country categories, securing first or second overall advisor in Australia, China, Hong Kong, Indonesia, Japan, New Zealand, The Philippines, Singapore and Thailand; in India JLL was also number one in agency/letting and research. JLL’s success in the 2012 Euromoney Awards, along with its clean sweep at the International Property Awards Asia Pacific earlier this year proves its leadership position in the Asia Pacific region.
is the call of the day, keeping in mind the massive migration that is going to take place from rural areas. The cities can handle the migration and there is an urgent need to look at a model that has a good transportation network.” Mr. Krishna further said, “Urbanisation is inevitable and it will lead to development,” dismissing the earlier model that India lived in villages and they had to be developed. Presently, only 31 per cent of the population lived in urban areas and this figure would increase phenomenally and unless there was planned development, “there would be widespread discontentment.” Stating that the key to urban development was transportation, Mr. Krishna remarked ‘Metro will drive development’. By putting up transport connectivity within and outside the city limits, the city’s development would be faster. “The government was keen on working with organisations such as GIREM for looking at emerging destinations, borne out of specific strengths of these destinations. The GIREM-Cushman & Wakefield report has identified Ahmedabad, Bhubaneswar, Chandigarh, Coimbatore, Jaipur, Kochi, Indore, Nagpur, Vadodara and Visakhapatnam as the next most promising business destinations offering longterm investment potential. In the last two years, the volume of investment by various companies in these 10 cities has increased by over seven times.
Home insurance gains importance
Rooting for planned urbanisation The revenues from the IT sector alone will be around $ 225 billion by 2020 which translates into enormous economic development in terms of office space, housing, transportation, etc, according to a release from GIREM (Global Initiative for Restructuring Environment and Management). GIREM is an industry body focused on urbanisation, future cities, and ecosocio-economic infrastructure and represents industries, real estate space developers and service providers. The refrain at the fifth GIREM Leadership Summit held in New Delhi recently was that the major cities had enormous capacities and all they needed was ‘proper planning’ and a coordinated effort on the part of the government and the private sector. The Urban Development Secretary, Sudhir Krishna, who released a GIREM-Cushman & Wakefield report on ‘Top 10 Emerging Business Destinations,’ said, “Planned urbanisation
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HORIZONS AP’s most credible real estate magazine
Much is being written and published on the housing sector these days — land development, construction and dos and don’ts while investing in homes, but too little has been circulated about insurance cover for a home and its contents. For a good number of years after India became independent, only life insurance remained the focus, spearheaded by the state-owned Life Insurance Corporation of India. Property insurance received attention once banking institutions started granting loans against immovable property, as primary or collateral security. Globally, the issue of separate policies for different perils was the practice. House insurance policy per
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se is found to have become a regular feature only around the 1950s in the U.S. Property owners these days come forward voluntarily to cover various risks, both natural and man-made. Many banks now offer a package of insurance cover along with the home loans they sanction, which will cover the life of the loanee, and comes handy for repayment of the loan in case of emergencies like accident, incapacity or death. Growth of real estate sector has opened up new opportunities for insurance companies. The ASSOCHAM recently hosted the sixth Global Insurance Summit in Mumbai. The main objective of the summit was to identify the reasons for the poor growth of the micro insurance sector, innovations needed for serving the lowest segment of society, reforms required in promoting the sector, etc. Some papers presented at the summit reveal that the annualised growth in the fire and allied peril segment of the general insurance industry registered a mere 7.5 per cent growth over the last few years. It is also reported that during some years the premium income even shrunk by 10-15 per cent.Home insurance generally covers fire-related loss, damage to structure/contents, burglary/theft, breakages, breakdown of appliances, baggage loss, injury to people and death.Some critical issues relating to home insurance are age of the building (older buildings attract higher premium) and contents (based on the age of the inventory). Partially used home space for office purposes is not eligible for home insurance cover, and apartments where residential/welfare associations cover the whole complex by insurance are not eligible for additional cover by individual owner/s, etc. A home insurance policy for a sum of Rs. 40-50 lakh with fire peril may not cost a premium of more than Rs. 2,500 per annum. Including theft/burglary and damage to contents like furniture may attract a premium of Rs. 3,500 to Rs. 4,000 pa. Natural calamities such as floods, cyclones, earthquakes and tsunami will cost more.
Steel is the core of a building
any construction process. But what is its role? The answer to this question lies in the difference between concrete and reinforced concrete. While a mixture of cement, sand and coarse aggregate (small rock pieces) is termed concrete, the introduction of iron bars into the mixture makes it reinforced concrete or RCC. The RCC revolutionised construction technology and made multi-storey buildings possible, says a Hyderabad-based construction material expert L.H. Rao. It is not common knowledge that the basic bulwark of a modern building is not strong concrete, but the framework of steel rods that acts as a skeleton and gives the structure flexibility and tensile strength.A building may have strong concrete, but it will not survive if the steel framework is weak, says Dr. Rao. The primary job of concrete is to act as a strong envelope for the steel framework protecting it from damage and atmospheric elements.The major reason for steel to go weak is corrosion. “Corrosion is like gangrene and once it starts it will eat away the entire structure. Because of this, one should be extra cautious,” says Dr. Rao. Porous or cracked concrete, water seepage or incomplete work wreaks havoc with steel rods. A damp spot or exposed rods in a building can be easily identified through visual examination, and usually indicates a possibility of the building having a serious defect. The real problem, however, is with damage that cannot be detected by the naked eye. “To detect these minute indicators, we use technologies and tests like the resistivity method and the half-cell electrical potential method,” Dr. Rao says. Both tests are non-invasive and use the conductivity of steel rods as a benchmark for calculating their health. As he points out, “Because steel is a good conductor of electricity and because this conductivity changes as corrosion seeps in, we can easily measure the health of the rods based on the amount of electricity that passes through them. ” One should always use these tests before moving into a building, particularly if the building is an old one, he adds.
Brazil eyes infra investments
It is common knowledge that steel is an indispensable part of
“The next soccer World Cup and Olympics will be held in Brazil and we will be making massive investments in infrastructure. India, which has been an important trade partner, is surely expected to play a big role in that,” Carlos Sergio Sobral Duarte, Ambassador of Brazil to India, said recently. He was in India to attend a seminar organised by Indian Chamber of Commerce on India’s trade with Latin American countries. He said Brazil has planned investments to the tune of $16.2 billion (nearly Rs 1,620 crore) for expansion of three airports and $66.5 billion (nearly Rs 6,650 crore) to improve rail and road connectivity.
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Hyderabad on o the threshold o a breakout
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HORIZONS AP’s most credible real estate magazine
n on of This article tries to put in perspective the liveability indices of this great city and why it is one of the most attractive destinations to set up home and do business
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ith novel and forward-looking Development Control Rules in place and a real estate boom sweeping across India, Hyderabad in 2006 and thereafter turned out to be the “Darling of developers.” However, with a little inertia in the realty sector combined with political unrest it turned into a “damsel in distress” from 2009. But Hyderabad’s realty sector has put all this behind it, has taken all adverse issues in its stride and is now about to break free with a plethora of positive developments happening. Some of the key features why you can safely bet on this surging metropolis are listed below. 1) Best of infrastructure facilities among the top six cities in the country 2) Top-drawer international airport (one of Asia’s best) with excellent facilities 3) A plethora of hotels ranging from budget and boutique to comfortable and uber luxury 4) Endowed with an excellent climate and ample natural resources 5) Least polluted among the top six metros 6) Location advantage of being the gateway of the South and not too distant from the North 7) Cosmopolitan city with several heterogenous groups making it their home and an amiable people 8) Best of social infrastructure, i.e. health (destination of medical tourism), offering treatment at top hospitals; world-class scientific labs and research institutes such as CCMB, IITC, NGRI, etc. 9) Well-known education and training hub with world-class institutes such as ISB, IIT, Bits Pilani, Nalsar, Gitam etc.) 10) A real estate scenario, which is about to break free and see unhindered growth 11) Well-meaning developers having transparency
PROPERTY RATES S.No. City Premium Segment 1 Mumbai 23000-32000 2 Bangalore 10000-20000 3 Chennai 9500-16500 4 Delhi 12000-16000 5 Hyderabad 5500-10000 6 Kolkata 10000-15000
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HORIZONS AP’s most credible real estate magazine
Affordable Segment 4800-7000 2500-3500 3500-4500 3500-4000 2000-3300 2500-4000
and fair business practices with help from professional bodies such as APREDA and others 12) After the successful conduct of the Biodiversity Conclave, Hyderabad has been billed as a top convention hub 13) The city is home to some halfa-dozen universities and deemed varsities 14) Within a short span of time, Hyderabad has gained currency as a leading IT destination employing thousands of young professionals in the IT and ITeS sectors Why Hyderabad? If one were to rate Hyderabad, vis-avis its infrastructure, civic amenities, climate, educational facilities, cost of living, public transport, etc., one can safely say that in the cuurent scenario, this city wins hands down. Given its location and a conducive investment climate, security and the MOST IMPORTANT element of affordability -– which currently is the premium here -- for any property buyer, Hyderabad comes a cropper! According to a Central Government survey, Andhra Pradesh and Hyderabad have been placed at the second position with regard to the mega infrastructural and development projects under implementation across the country. Act at most opportune moment NOW is the time to buy property in Hyderabad, cries many a seasoned realty watcher. Additionally, almost all the top-notch real estate research agencies such as Jones Lang LaSalle,
Cushman & Wakefield, Knight & Frank, and Makaan.com have in their recent periodic reviews given a thumbs up to buyers, reflecting the healthy rental and occupancy patterns in the commercial as well as residential sectors. Some other experts believe that the current political uncertainty is only a temporary phenomenon. What’s more, post the Central Government’s announcement on the FDI entry into retail, Hyderabad looms prominently on the radar of foreign players. Once the entry of these entities begins, property rates in Hyderabad are sure to witness a meteoric rise, experts say. So this is one more reason why property buyers need to act swiftly. According to Mr Sunil Dahiya of NAREDCO, FDI in retail will bolster the next property boom. Mr Dahiya has included Hyderabad, along with Gurgaon, Pune and Bangalore, to give a push to the IT/ITeS business in this second wave due to their large inventory. He also cites how the expansion in the airport proximities of Hyderabad, Pune, Gurgaon and Bangalore had spurred an enviable increase in land and realty around. Infrastructure index One of the key factors why Hyderabad scores is the fact that its cityscape is changing at a frenetic pace. The Metro project is under way at breakneck speed, the ORR and radial roads are also witnessing feverish activity, transport hubs are being planned at Miyapur and Nagole, which would ease the traffic and safety situation and improve the
overall standard of life. The Centre’s decision allocating 50,000 acres of land for the IT sector is another landmark for Hyderabad and the State. This is certain to give a shot-in-thearm to the hiring scene and boost the economy. Finally, the Biodiversity Conclave held in October has put Hyderabad on the convention map of India and shown how a world-class conclave such as the CoP-11 was successfully conducted in Hyderabad. Thanks to this UN-backed conclave with some 93 nations participating, infrastructure wise Hyderabad has become the quiet gainer. Residex and Hyderabad Just as the ‘thermometer’, so to say, for the stock market is the Sensex, indicating in points the ‘health’ of the market, a small beginning has been made in tracking the movement of prices in the residential housing segment through a mechanism called Residex, which has been set up by the National Housing Bank (NHB). An analysis of the Residex for the period 2007-2012 throws up some interesting revelations with regard to Hyderabad. The NHB Residex study initially covered five cities and as of now covers 63 cities in India. The RESIDEX takes the year 2007 as the base year and indicates the movement of the residential price index on a scale of hundred. The RESIDEX has increased by three times in the case of Chennai, and almost two times in the case of Mumbai. In Delhi it has increased by 2.5 times to 267 from 100 whereas in Bangalore it
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has remained stable. Considering the major cities, it is interesting to note that the only in the case of Hyderabad the RESIDEX has reduced to 79. Barring the year 2009 the RESIDEX was at its lowest point in the year 2011. When we look at the short-term and track progress of the RESIDEX from JanMar 2010 to Jan-Mar 2011, we also notice that it has largely been constant at the 75-80 level and has stayed below the 100 points base figure of 2007. What conclusions can we draw from these statistics? We can make inferences on the basis of two factors. One is that Hyderabad as a destination
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for investment and the other is to consider whether this is the right time for investment. Favoured destination When comparing the statistics of 15 cities in India, barring Jaipur, Hyderabad has the most buyer friendly RESIDEX in India. As can be seen from the table given in the preceding page residential spaces are still available in the range of Rs. 2000 Rs. 3500 per square foot in good localities with all amenities in Hyderabad. Even in the premium segment the residential space rates in Hyderabad are the lowest when compared to other metros. This information is tabulated below. Timing for investment
HORIZONS AP’s most credible real estate magazine
When we compare the rise and fall of RESIDEX in the case of Hyderabad, we notice that there has been a decline from the base year of 2007 up to the year 2009 when it was the least. From the year 2009 the index has been in the 80 to 90 zone and in October December 2011 has again touched a low point of 79. Based upon these figures it is obvious that this year is a very good time for anyone considering purchasing residential property to invest in Hyderabad before the prices go up due to increases in the input costs. Additionally, prices in the premium sector are almost half that of Bangalore, which is a very attractive proposition for investors looking for attractive returns. This sector, hand in hand with the affordable segment, is certain to see a boom in Hyderabad.
Cover Story
December 2012 - January 2013
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Future scenario
Hyderabad seeking
world-class status
H
yderabad is known for its diversified cultural attributes, rich heritage, cosmopolitan character, amiable people and above all a rapidly developing infrastructural apparatus which is sure to place this historical city on the map of the world’s greatest cities. It is the destination of many a leading multi-national company, home to worldclass pharma companies, a medical hub, a leading educational centre and an evergreen and vibrant city. It is a charming mix of the traditional and modern, providing unlimited opportunities for those with initiative and dreams. Endowed with world-class facilities, viz.
eighth one being in the offing as stated below. We give you a brief chronology of Hyderabad’s planning process.
auditoria, sports complexes, financial centres, entertainment hot spots, a modern airport, and most importantly the city has a big heart to receive and reciprocate. Hyderabad, the administrative capital of Andhra Pradesh, as of 2011, has a population of nine million in its Metropolitan Region, is the fourth largest city and sixth largest urban agglomeration in India. The Hyderabad Metropolitan Region (HMR) has an area of 7,228 sq. km., encompassing Hyderabad, Rangareddy (part), Medak (part), Nalgonda (part), and Mahabubnagar (part) districts, and has seven Master Plans in force with the
Development Plan for erstwhile MCH area was approved vide G.O.Ms. No.414 MA, dt: 27.09.1975, which was revised and approved vide G.O.Ms.No.363 MA, dated: 21.08.2010. Master Plan of Non Municipal areas of Hyderabad Urban Development Authority (HUDA) was approved vide G.O.Ms.No.391 MA, dated 23.06.1980, which was revised and approved (Pre-expansion areas of Hyderabad Urban Development Authority excluding the pre-expansion areas of GHMC), vide G.O.Ms. No.288 MA dated 3.04.2008. Cyberabad Development Authority (CDA) Master Plan was notified
DMDP - 2031 FOR HYDERABAD METROPOLITAN REGION PROPOSED LOGISTIC HUBS
Somaram
Rudraram
Muneerabad S.n o
Name of the Logistic Hub
1 Timmapur Fatehpur
Kollur
Edulabad
Aushapur
Mandal
Village
2 Mangalpally
Kothur Timmapur Ibrahimpatn am Mangalpally
3 Koheda
Hayatnagar Koheda
4 Batasingaram Hayatnagar Batasingaram Edulabad,Ghatkes 5 Edulabad Ghatkesar ar, Annojiguda
Hameedulla nagar
Koheda
Mangalpalli
Timmapur
Batasingaram
6 Aushapur
Ghatkesar
Aushapur
7 Munirabad
Medchal
Munirabad
8 Somaram
10 Fatehpur
Medchal Somaram Patancheru vu Rudraram Shankarpall y Fatehpur
11 Kollur
R.C.Puram
9 Rudraram
Kollur
Hameedullanagar ,Rasheedguda / Hammedullan Shamshaba Kothaguda , 12 agar d Gollapally Kalan
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Future scenario
in 2001 vide G.O.Ms.No.538 MA, dated 29.10.2001. Master Plan for Hyderabad Airport Development Authority was notified vide G.O.Ms.No.287 MA, dated 03.04.2008. Outer Ring Road Growth Corridor (ORRGC) Master Plan was notified vide G.O.Ms.No.470 MA, dated 09.07.2008. Master Plan for Bhongir was notified vide G.O.Ms.No.242, MA dt.11.05.1989. Master Plan for Sangareddy was notified vide G.O.Ms.No.32 MA, dt.12.01.1988. The eighth Master Plan, viz. Draft Metropolitan Development Plan (DMDP) – 2031 which may be notified any time
has an area of 5,965 sq. km., including the area of Outer Ring Road, Growth Corridor, Master Plan, Bhongir Master Plan, Sangareddy Master Plan, part of HUDA, HADA Master Plans and extended HMDA area for which there is no Master Plan/Development Plan. The main strength of HMR is its favourable climate, linkages, availability of plenty of land for rapid development, human resources, etc., which facilitates the region’s potential for all-round growth in line with the aid of planning interventions. The projected population of HMR for 2031 is a whopping 18.5 million. To maintain the status of Hyderabad as a world-class city and improve facilities by providing opportunities to all sections of society, DMDP-31 has taken a series of steps as detailed below. lThirteen
Urban Nodes, viz. 1) Fa-
rooqnagar (2) Shabad (3) Chevella (4) Sangareddy (5) Jeedipalle in Toopran Mandal (6) Toopran (7) Bibinagar (8) Bhuvanagiri (9) Malkapur of Choutuppal Mandal (10) Choutuppal (11) Ibrahimpatnam (12) Gundelaguda of Maheswaram Mandal and (13) Daudguda of Kandukur Mandal, varying from 7.5 sq. km. to 42.0 sq. km. all over the region have been proposed with meticulous planning to provide vast scope for development. l35 Urban Centres viz. (1) Mogalgidda of Farooqnagar Mandal (2) Chegur of Kothur Mandal (3) Tadlapalle of Shabad Mandal (4) Kanduwada of Chevella Mandal (5) Aloor of Chevella Mandal (6) Dhobipet of Shankarpally Mandal (7) Ismailkhanpet of Sangareddy Mandal (8) Chintalcheru of Hathnoor Mandal (9) Daulatabad of Hathnoor Mandal (10) Narsapur (11) Gummadidala of
DMDP - 2031 FOR HYDERABAD METROPOLITAN REGION PROPOSED RAIL FREIGHT TERMINALS
Manoharabad
Bhongir
Ravulapalli
Edulanagulapalli S.n Name of the o Logistic Hub
Mandal
Village
Passenger-Cum-Freight Terminals 1 Timmapur
Kothur
2 Bhongir
Bhongir
Timmapur,Kothur Hanmapur,Bhongir, Anantharam
Passenger Terminal
Timmapur
1 Manoharabad
Shivampet
2 Edulanagulapalli R.C.Puram 7 Munirabad Medchal
Parkibanda, Manoharabad, Jeedipalli Velumula, Edulanagulapalli Munirabad
Freight Terminal 1 Ravulapalli
Ravulapalli, Shankarpally Ravulapalli Kalan
Passenger-Cum-Freight Terminal Passenger-Terminal Freight Terminal
20
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Rachna Gupta
December 2012 - January 2013
21
Future scenario
Jinnaram Mandal (12) Shivampet (13) Donthi of Shivampet Mandal (14) Mentur of Wargal Mandal (15) Wargal (16) Mulugu (17) Turkapalle of Shamirpet Mandal (18) Markoor of Mulugu Mandal (19) Kothial of Mulugu Mandal (20) Cheekatimamidi of Bommalaramaram Mandal (21) Bommalaramaram (22) Maryala of Bommalaramaram Mandal (23) Chinaravalpalle of Bibinagar Mandal (24) Pochampally (25) Nelapatla of Choutuppal Mandal (26) Chinnakondur of Choutuppal Mandal (27) Panthangi of Choutuppal Mandal (28) Dandumailaram of Ibrahimpatnam Mandal (29) Manchal (30) Gungal of Yacharam Mandal (31) Yacharam (32) Mirkhanpet of Kandukur Mandal (33) Kandukur (34) Rachlur of Kandukur Mandal (35) Yeliminedu of Ibrahimpatnam & Kandukur Mandal have been proposed and the number may go up further, encompassing all Mandal Headquarters and other areas all over the region to give a boost to balanced development. lTransport, which is one of the major engines of growth and development, has been given a lion’s share by proposing Railway Passenger Terminals in Edulanagulapally (R.C.Puram Mandal), Manoharabad (Toopran Mandal) in Medak District in addition to already existing Secunderabad, Nampally and Kachiguda major passenger terminals. It is also proposed to develop Railway Freight Terminal at Ravulapally (Shankarpally Mandal) in Rangareddy District and Passenger-cum-freight terminals at Timmapur (Kothur Mandal in Mahabubnagar District) and Bhongir in Nalgonda District. lTo further promote transport sector, 12 Logistic Hubs are planned. 1.Edulabad (V), Ghatkesar (M), Ranga Reddy (D). 2.Somaram (V), Medchal (M), Ranga Reddy (D). 3.Munirabad (V), Medchal (M), Ranga Reddy (D). 4.Kollur (V), R.C.Puram (M), Medak (D). Koheda (V), Hayathnagar (M), Ranga
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Reddy (D). 5.Hamedullanagar (V), Rasheedguda (V), 6.Gollapally Kalan (V), Shamshabad (M), Ranga Reddy (D) 7.Aushapur (V), Ghatkesar (M), Ranga Reddy (D). 8.Mangalpally (V), Ibrahimpatnam
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(M), Ranga Reddy (D). 9.Thimmapur (V), Kothur (M), Mahaboobnagar (D). 10.Batasingaram (V), Hayathnagar (M), Ranga Reddy (D) 11.Rudraram (V), Patancheruvu (M), Medak (D). and
December 2012 - January 2013
23
Future scenario
Starting Point on Ending Point at
Inner Ring Road Outer Ring Road 1 Aramghar
Kishanghad
2 ANG Ranga Agr.University
Himayat Sagar
3 Rethibowli Junction
A.P.Police Academy
4 Cantonment ‘Y’ Jn.At Langar House Gandipet T Junction 5 Shaikpet
Kotapet
6 Nanal Nagar Junction
HCU Depot
7 Panjagutta(Tellapur)
Edulanagulapally
8 Moosapet
BHEL in (IRR Jn on NH-9)
9 Panjagutta
Muttangi(NH-9)
10 Paradise Junction
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(Via Bowenpally Junction)
Godrej Y Junction
11 Balanagar
Saragudem
12 Tadban
Kandla Kooi(NH-7)
13 Cantonment Jn.(Secunderabad)
Old Alwal
14 Patni Junction
Thummukunta
15 Mettuguda
Yadgiripally Junction
16 Tarnaka
Near to Cherial X Road
17 Habsiguda
Charlapally
18 Survey of India
Mazneerguda Rly
19 Uppal Junction
Anojiguda
20 Nagole Bridge
Singaram
21 Nagole Bridge
Gourelly
22 Nagole Junction
Gourelly X Road
23 Mansoorabad
Thattiannavaram X Road
24 L.B.Nagar
Tohas(NH-9,H-V)
25 Biramalguda
Manneguda
26 Kanchanbagh(Kharmanghat Jn)
Nadargul(Adibatla)
27 Midhani Junction
Nea to Pungulur
28 Chandrayangutta
Srinagar
29 Laxmiguda X Roads
Mamidipally
30 HCU Depot
Near to Vattinagulapally
31 Taranagar
Davaraguda
32 Nizampet X Road
Near to Kazipalle
33 Extension Financial District
Road to Kokapet
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12.Fatepur (V), Shankerpally (M), Ranga Reddy (D). lHyderabad being a radial concentric city having a 150 metre wide Outer Ring Road (ORR), another 90 metre wide Regional Ring Road (RRR) has been added connecting various urbanisable areas such as Farooqnagar, Daudguda, Gundelaguda, Rachlur, Ibrahimpatnam, Bibinagar, Bommalaramaram, Mulugu, Wargal, Tupran, Donti, Shivampet, Narsapur, Daulatabad, Ismailkhanpet, Eddumailaram, Shankerpally, Chevella, Tadlapalle, Shabad etc. to have balanced development, improve regional connectivity and decongest the core areas. l33 Radial Roads having varied widths from Inner Ring Road (IRR) to Outer Ring Road (ORR) and 25 Radial Roads from ORR to Regional Ring Road (RRR) have been planned to have smooth flow of traffic. lTo provide employment and sustainable industrial growth, 209 sq. km. area is provided outside ORR Growth Corridor for industrial development. lTo facilitate township development all over the region, it is proposed to allow development in a minimum area of 100 hectares and above having a minimum 80 feet wide road access in Conservation (Agriculture) use zone. lTown Planning Schemes/Land Pooling Schemes are in the offing for major developments in different sectors. lTo give a boost to IT & ITES sectors, activities of the same are permitted in most of the land use zones. lTo make vibrant Hyderabad more liveable and environmentally sustainable, more than 3,800 sq. km. area in the region is kept under forests, water bodies, bio-conservation use zone, conservation (agriculture) use zone, etc., Now it is the turn of all sections of society to make use of the opportunities provided by Hyderabad Metropolitan Development Authority/ State Government to make Hyderabad happening and transform it into world-class city.
- V.V.L.N.Sarma, Planning Consultant, HMDA
December 2012 - January 2013
25
Luxe story
List of Radial Roads
Description Length of the Width of the road in Kms road 1 N.H.-7, Bangalore Highway- ORR in at Shamshabad via Palmakkula, Kothur joined at RRR Farooqnagar urban nodes. 23.27 60 Mtrs 2 Shamshabad via Ammapally, Narkoda, Kanduwada joined at RRR at Pamena village 27.28 36 Mtrs 3 From APP junction (Peerancheruvu) via Moinabad, joined at Chevella urban node 26.33 60 Mtrs 4 From Manchirevula, Shankerpallly via Janwada, Mokila joined RRR at Shankerpally 26.27 45 Mtrs 5 From Velmula via Bhanoor joined RRR at Singapur 10.28 30 Mtrs 6 From Muthangi junction N.H.9 via Rudraram joined RRR at Rudraram village (near Koulampet hamlet) 0.81 60 Mtrs 7 Rendlagadda, INOLE, joined RRR at Edthanur 16.67 30 Mtrs & 45Mtrs 8 Delwarguda, Kodakanchi, Amdoor joined RRR at Arutla near Ismailkhanpet 22.7 18 Mtrs 9 From Sultanpur via Ootla, Chintalchreru joined RRR at Macherla 24.81 18 Mtrs 10 SH- Dommara pochampally junction via Gagilpur, Gummadidala joined RRR at Narsapur 24.36 60 Mtrs 11 NH-7 Kandlakoi junction via Medchal, Kallakal, Manoharabad joined RRR at Tupram urban node 26.25 60 Mtrs 12 From pudur via, Raj Bollaram, Ravalkole, Baswapur, Meenjipally, joined RRR at Shankaram 24.92 18 Mtrs 13 Karimnagar SH-From Thumkunta junction via Shamirpet, Aliabad, Turkapall joined RRR at Mulugu 20.78 60 Mtrs 14 From Shamirpet, Sampanbole, Anantharam, joined RRR at Aliabad (Adavi Majd) 17.84 30 Mtrs 15 Narsampalle via Adraspalle, lingapur joined RRR at Muduchintalpalle 12.33 30 Mtrs 16 From Keesara Daira, junction Keesara, Rangapuram joined RRR at Bommalaramara 12.21 30 Mtrs 17 NH-202 from Ghatkesar junction via Aushapur, Rangapur, joined RRR at Gudur village near pagidipalle settlement 18.03 60 Mtrs 18 From Bacharam junction via Bandla ravirayal, Juloor joined RRR at Ravalpally village 17.36 30 Mtrs 19 NH-9 from Amberpet Kalan junction via Abdullapur, Tupranpet joined RRR at Malkapur urban node. 16.18 60 Mtrs 20 From Koheda via Anjipur, Polkampally joined RRR at Dandumailaram 14.86 18 Mtrs 21 From Bongulur junction via Chintakpallyguda, Ibrahimpatnam joined RRR at Aghapally 15.22 60 Mtrs 22 From Adibatla via Ferozguda,Yeliminedu, joined RRR at Gummadevelli 16.77 30 Mtrs 23 From Raviriyal via lemoor joined RRR at Rachloor 11.74 18 Mtrs 24 From Mankhal junction via Mohabatnagar, Thummaloor joined RRR at Kothru near Gundelaguda urban centre 12.86 60 Mtrs 25 From Golconda Kalan via Nagireddypally, Penjerla joined RRR at Dooskal village boundary 19.83 45 Mtrs
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December 2012 - January 2013
27
GO Watch
New sand mining policy in place T
he Industries and Commerce Department has issued Review of Sand Mining Policy in the State – Method of Lease by draw of lots – Revised Policy guidelines vide their G.O.Ms No. 142 dated 13.110.2012. The new sand policy has been welcomed by APREDA and all the stakeholders involved in building activity. The new policy is friendly to the environment and stops the indiscriminate mining of sand in river beds which in turn contributes greatly to environmental protection. The salient features of the New Sand Policy are enumerated below:• The allotment of feasible sand bearing areas shall be through selection process by way of draw of lots from the date of issue of notification by amending the existing rules. • The District Authority shall fix sale prices of sand at pit head not exceeding 20% on Standard Scheduled rate from the date of issue of notification amending the existing rules. • The extraction activity of sand from the specified sand bearing areas shall be restricted to the quantities confirmed; in the notice inviting applications. • The extraction of sand shall be by manual means only. The usage of machinery shall not be permitted except in specific sand bearing areas where there is no impact on groundwater table and with the prior approval of the District Collector and Ex-Officio Chairman. • The Divisional/District Authority may consider issue of short term permits to meet any exigency/immediate sand requirement under special circumstances by recording the reasons for specific period as a measure of contingency plan. • Sand extraction shall not be permitted in overexploited notified areas except for local use in the villages or towns bordering the streams for bonafide purposes other than commercial operations/trading/stocking, etc., • The extraction of sand from in-stream/ underwater specified areas shall be carried out by local registered Boatsmen
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Co-operative Societies/Non-local Registered Boatsmen Co-operative Societies selected by draw of lots by rotation. • Irrigation and Command Area Development Department shall undertake de-silting of water bodies/reservoirs as a part of their annual maintenance operations to enhance the storage capacity of the reservoirs and augment groundwater recharge in water bodies/reservoirs. Sand sourced from out of de-silting operations shall be utilized for various civil works. • Transportation of sand shall be regulated by evolving suitable mechanism in the following manner. • To prevent indiscriminate removal of sand from patta lands from the river bed, care and caution shall be taken to ensure that no agent/GPA/Lease holders other than the farmer himself is involved in the process to eliminate vested interests. • No sand shall be transported from the State to any other State. • Transportation shall be permitted through bullock carts/tractors only, but not in bulk quantities for rading/commercial purposes. • 100% Seigniorage fee shall be remitted to the General funds under the Head of Account of Z.P concerned. • As an alternative to river sand, the manufacture of crushed stone sand (rock sand) shall be ensured from the conservation point of view to River bed/ in-stream sand quarrying operations to make it available to meet the requirement of bulk consumers at affordable prices. To encourage the activity, concessions and incentives shall be worked out in consultation with the industry. • No person/firm/ society shall stock sand • Leases for whatever reason, which have not yet started, shall come into the ambit of the new policy and the amounts if any remitted as per the earlier policy shall be refunded. • The Government may review the New
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Sand Policy in future as and when required Extension of LRS The Department of Municipal Administration and Urban Development (MA & UD) has issued Andhra Pradesh Regulation of unapproved and Illegal Layout Building Rules, 2007 – Layout Regularisation Scheme – Extension of time limit – Orders in the form of G.O.Ms.No.397 dated 18.10.2012. Vide this GO, the last date for submission of applications for Layout Regularisation has been extended up to 31.12.2012. VAT- CTD Order No.A.R.-67 The Authority for Clarification and Advance Ruling issued Proceeding No.A.R.Com/66/2011 dated 16-102012. The gist of the case is as follows. The dealer has sought Advance ruling on the following issue. Whether a registered dealer who has opted to pay VAT under Section 4(7) (d) (composition scheme) can pay tax on “finishing agreement” also at the same rate of 5% on 25% as applicable to sale deed or has to pay 5% of the total value/ consideration as applicable under Section 4(7) (c); now merged with Section 4 (7) (b). The summary of Advance ruling reads as follows. (This is applicable w.e.f. 01.04.2005) “The main contractor is eligible to opt for payment of tax @ 5% of the 25% of the total consideration, as per Section 4(7) (d) of the Act, if he is engaged in the construction and sale of apartments, residential complexes, etc. and opts for payment of tax by way of composition. Further, it is also clarified that the transaction of the incorporation of goods in the course of execution of the contract, subsequent to the registration of the immovable property in the form of apartments, residentuial complexes, etc. is taxable under either Sec 4(7) (a) or Sec 4 (7) (b) of the APVAT Act, depending upon the fact as to whether the contractor has opted for composition or not.” Conclusion: Since it is complicated to arrive at the tax as per Sec 4 (7) (a) and that it is not possible to file under Sec 4 (7) (b) with retrospective effect the authorities may insist on paying the tax under Sec 4 (7) (g), i.e an effective VAT rate of 10.15% (i.e.14.5% on 70 %) of the value of the finishing/construction agreement or work order.
Classifieds
December 2012 - January 2013
29
Advertorial
No. 1
SBI India’s home loan player
T
he State Bank of India is the most preferred home loan provider today with a market share of 26% as on 31.03.2012. A banker to every Indian, the SBI has 20 lakh happy families enjoying 1 lakh crore rupees from it. The home loan portfolio of the bank grew by Rs. 12,826 crore during FY 2011-12 to Rs. 1,02,739 crore, against the total home loan sanctions of Rs. 28,036 crore. About 2 lakh new home loan customers were added to the portfolio during the same period. The SBI continues to be the ‘No. 1 Home Loan player’ in terms of the size of the individual home loan portfolio among all players in the Home Loan market. Attractions The SBI offers the lowest interest rate of 10% for loans up to Rs. 30 lakh and for above Rs 30 lakh it is 10.15%. No other Home Loan provider comes at such a best rate. Our over 14,000 branches
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and Home Loan Sales Teams across the country serve the entire population as a Relationship Manager. Our entire force is with the customers to explain the advantages of our Home Loan product and also available for after-sales service. This is the greatest USP of our product. Customers
Rate of Interest Person of loan
can visit any of our branch, office, sales team for any requirement. Generally, we as a sales team encounter a FAQ over an individual’s loan eligibility. I give hereunder the EMI chart for a simple understanding. Loan eligibility A person approached for a Home Loan of Rs. 70 lakh having net monthly income of Rs. 0.90 lakh per month. Loan tenure is 30 years, while the rate of interest is
EMI Rs. PER MONTH PER LAKH 10% p.a. 10.15% p.a. Below Rs. 30 lakhs Above Rs. 30 lakhs
30 years
878
889
25 years
909
920
20 years
966
975
15 years
1075
1084
EMI/NMI Ratio will be 90000 * 65% / 889 = 65.80 * 100000 = 65,80,000.00 Loan Eligibility as per the table below = 68,79,000.00 EMI for 360 months @ 10.15% = 61,133.00 EMI will be lowest in the industry and SBI Life Premiem will be lowest in the industry.
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December 2012 - January 2013
31
Advertorial
10.15%, EMI per lakh from the above table is Rs. 889.00 per month. Loan eligibility can be increased by adding income of spouse, children, parents, siblings. Reasonable expected rent can also be added to the income. Maximum repayment tenure for new Home Loan borrowers has increased from 25 to 30 years to help youngest customers get maximum loan amount. Extension of repayment tenure up to 5 years keeping EMI unchanged, subject to maximum tenure of 35 years, in case of hike in the interest rates. Existing borrowers on floating rate loans have been given a one-time option to switch over to current interest rates by paying a 0.50% of loan outstanding/ drawing power as switchover fee. Insurance cover Life Insurance Cover “Rin-Raksha” with nominal premium from SBILIFE to all our home loan borrowers so as to legal heirs inherit the property not the burden of liability in case of death of the borrower. The bank provides additional loan for payment of premium at same rate of interest over and above the loan eligibility. Free accident insurance to home loan borrowers up to Rs. 50.00 lakh from SBI General Insurance is an added advantage of our Home Loan Product. The SBI provides home loan by way of Maxgain (i.e. surplus funds/entire salary can be credited to the loan account and is available for withdrawal whenever they require), to take advantage of interest burden by way of overdraft account. The Home Loan account can be operated through cheque/debit card/Internet banking. SBI interest application is transparent and calculated on daily product basis. Long repayment tenure SBI Yuva Home Loan is another variant, wherein salaried applicants who are below 45 can get 120% of loan eligibility with repayment of 35 years. SBI has lot of tailor-made products to suit the requirements of types of customers in a convenient mode. There is SBI Realty Loan for acquiring a site to construct a building. Home Equity Loan up to a maximum amount of Rs. 2 crore by way of top-up loan after one year satisfactory repayment of existing loan is
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Cost of land/Flat/Construction (as per Sale Agreement or Estimates as applicable A Valuation of the property as per valuation report B Lower of A & B C Registration Charges, Stamp Duties, Service Tax, Property Insurance, etc D Total Project Cost (C+D) E Less : Stipulated Margin # (15%) F Eligible Loan Amount G Loan Value Ration (LTV) @ (80% of B) H Loan eligibility as per EMI/NMI Ratio $ I SBI Life Opted SBI life premiem amount for 30 years of age J Loan applied for K Permissible Loan Amount (least of G, H, I, & K) L Sanctioned loan amount including SBI Life Premiem (L+J) M EMI FOR Rs. 68.79 Lakhs for 360 months @ 10.15 N
(Rs. In lakhs) Rs. 80.00* Rs. 90.00 Rs. 80.00 Rs. 8.00 Rs. 88.00 Rs. 13.20 Rs. 74.80 Rs. 72.00 Rs. 65.80 YES Rs. 2.99 Rs. 70.00 Rs. 65.80 Rs. 68.79 Rs. 61,133.00
* # @
Registration Charges and Stamp Duty are Rs. 8.00 lakhs Margin (i.e. customer contribution) Loan Upto Rs. 75.00 lacs - 20% & Above Rs. 75.00 lakhs – 25% for house flat under construction and Ready to Occupy possession margin will be 15% LTV Ratio for Home/Flat under construction for loan upto Rs. 20.00 lacs 90% And Above 20.00 lacs 80% $ EMI/NMI Ratio will be for Net Income Above 2 lakhs to 5 lakhs - 50% Above 5 lakhs to 10 lakhs – 55% Above 10 lakhs - 65%
another option. SBI meticulously implements the Government’s policy on 1% interest subvention to eligible borrowers, i.e., Project Cost up to Rs. 25 lakh and loan amount of Rs. 15 lakh. During FY 2012-13, the Government of India allocated Rs. 400 crore for this purpose. The SBI has set up Retail Asset Processing Cells across India, and in Hyderabad we have these at Secunderabad and Madhapur. The SBI has also set up Lean Work Cell to deal with High Value Proposals and also specialised service to all builders having tie-up with our bank. The USP of our Home Loan Product is (1) Lowest Rate of Interest, (2) Transparency in dealings, (3) No hidden charges, (4) Quick Sanction (5) Interest calculated on daily reducing balance. As per the RBI directives no pre-payment penalty
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for loans sanctioned under floating rate only. Banks can impose pre-payment penalty on fixed rate loans. SBI is not offering loans under fixed rate. Some banks offer loans under fixed rate and charge pre-payment penalty. The SBI is committed to uninterrupted customer service for long years, bundled with other products like Car Loans, SB Account without minimum balance, ATM-cum-Shopping Card, Internet Banking, Mobile Banking, SMS Alerts, Trading and Demat Accounts, what not. Think of financial service, remember SBI. The SBI has a 200-year-old history, and now our technology is above par with any bank in the world. - S. SATISH KUMAR, Head & Chief Marketing Executive, State Bank Of India, Hyderabad.
December 2012 - January 2013
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Accolade
Pragati sends out clear message at Biodiversity Conclave A true pioneer in endorsing a natural lifestyle, Pragati comes out with flying colours at the prestigious CoP-11
P
ragati Resorts has carved a niche for itself at the prestigious International Biodiversity Conference of Parties (CoP-11) and Member of Parties (MoP11) held in Hyderabad from October 1 to October 19, 2012. Pragati Green Meadows and Resorts Ltd, Poddutur and Tangutur, was chosen for the Special Jury Award for Preservation and Promotion of Biodiversity presented by the Governor of Andhra Pradesh, Sri E.S.L Narasimhan, during the side event of ‘Cities for Life’, City and Sub-national Biodiversity Summit held on October 16. Additionally, Pragati received a Memento of Appreciation and Gold Medal from the UN Convention on Biological Diversity Executive Secretary, Mr. Braulio Ferreira De Souza Dais, on the occasion of the side event “Living in Harmony” of CoP-11 held at Shanti Sarovar, Hyderabad. In more than five events of CoP11, important speakers commended Pragati for its remarkable work on biodiversity. Further, the current and former Executive Secretaries, Convention on Biological Diversity, United Nations, Mr. Braulio Ferreira de Souza and Mr. Ahmed Djoglaf, have recognized Pragati as a role model for biodiversity and a trendsetter for the realty sector and on their recommendations to the local authorities, an International Mayors meet was conducted at Pragati on October 17 where many national and international delegates participated. United Nations Biodiversity speakers and delegates said Pragati was the highlight of their trip and wondered why Pragati Resorts was not chosen for their stay. Promoting a wholesome lifestyle Living in Pragati Resorts gives you opportunities and advantages that can make your lifestyle healthy, more meaningful, enjoyable and memorable. What is more, as the residents of Pragati Resorts
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live amid the pristine environs of the herbal healing environment, one realizes that making Pragati Resorts their home is more than a lifestyle –- it is about life itself.
The benefits of living in Pragati Pragati’s vision is to create a natural and green environment, which promotes a sustained living style so that everyone can enjoy and experience the advantage of being in the lap of nature. Pragati is a premier environmental institution where one can gain very useful insights into green building concepts, aromatic herbal and medicinal plants, religious
concept in this part of the country. Pragati has identified and cultivated these plants in 2500 acres of land which has now become a healthy gene bank. The two top-ranking Executive Secretaries of CBD understood the importance of ozone plants and wanted to green the earth with Pragati’s ozone mother plants because they are self-resistant. Equipped with over 700 species of various plant groups such as ornamental, medicinal, aromatic, shade giving, flowering and fruit bearing plants, Pragati has forayed into avenue plantations. An investment opportunity that cannot be missed
Mr G.B.K. Rao with dignitaries at Pragati. heritage plants, gurgling waterfalls and fountains, creeks, natural manure preparation and a goshala. The Pragati Herbal Healing Garden is a role model for many people and aims at promoting this concept to the whole world. Pragati’s slogan is ‘Go Green, Go Organic Food’ and ‘Green the Earth, Clean the Mind’. Pragati maintains its own nursery and a plant gene bank. It also grows rare medicinal and aromatic plants. Apart from growing avenue trees, disease-free aromatic plants, mosquito repellant plants, foliage plants, heritage plants such as Pavithra Vrikshalu, Navagrhavanam trees, Panchavati, Raasivanam, Kadamba, and Parijatha. Pragati also boasts a food Spa and health Spa, again a novel
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An investment in Pragati property is a lifetime’s opportunity which one cannot afford to miss. A villa/plot in Pragati ensures multifold benefits which are listed below. 1. Appreciation value is very high 2. You can enjoy yield of fruits from your land 3. You can enjoy free resort membership with family 4. You can build a farmhouse and live peacefully like many others See it yourself, enjoy and purchase a villa/plot in Pragati. The resort already has 10,000 happy customers who own plots in the different layouts of Pragati.
December 2012 - January 2013
35
Rare phenomena
Incredible ‘earth-scraper’ in Mexico
City
A
rchitects have designed an incredible 65-storey ‘earth-scraper’ which plunges 300 metres below the ground. The stunning upside down pyramid in the middle of Mexico City is designed to get around height limits on new buildings in the capital. The subterranean building will have 10 storeys each for homes, shops and a museum, as well as 35 storeys for offices. Deep: The 65-storey ‘earth-scraper’ is set to plunge 300 metres into the ground beneath Mexico City. pic scale: The enormous complex is intended to get around the city’s planning laws, which state that buildings can be no more than eight storeys high. Landmark: The earth-scraper would be located in the city’s main square, and topped with an enormous Mexican flag. A glass floor covers the massive 240m x 240m hole in the city’s main square to filter in natural light from the world above. The design has been crowned with a Mexican flag. Esteban Suarez, from the architecture firm BNKR Arquitectura, said the building would also house a new cultural centre. Scary: The core is fully made of glass to ensure that all parts of the building receive natural sunlight from the world outside. Relaxing: Designers expect the public ar-
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eas o f t h e buildi n g to bec o m e a popular destination for those wishing to escape the bustle of the city. Heritage: The earth-scraper is expected to contain a museum and cultural centre which will explore the history of Mexico and its pyramids. Mr Suarez s a i d : ‘New infrastructure, office, retail and living space are required in the city but no empty plots are available. Federal and local laws prohibit demolishing historic buildings and even if this was so, height regulations limit new structures to eight storeys. The city’s historic centre is in desperate need of a makeover but we have nowhere to put it, this means the only way to go is down.’ Mr Suarez added that the ‘the Earthscraper preserves the iconic presence of
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the city square and the existing hierarchy of the buildings that surround it. It is an inverted pyramid with a central void to allow all habitable spaces to enjoy natural lighting and ventilation. It will also allow the numerous activities that take place on the city square year round such as concerts, open-air exhibitions and military parades to go ahead.’ Unobtrusive: One advantage of the unusual structure is that it would create space in the centre of Mexico City, which is full of historic buildings which cannot be demolished. Green: The interior of the building is supposed to look natural and welcoming. Efficient: The creative use of space would allow the plaza to be used for events such as concerts and military parades. Massive: The space covering the earthscraper will take up to 240 square metres in the heart of Mexico’s Capital Pyramids, which play a large part in the architectural history of Mexico, as the country’s anicent civilisations have often built huge pyramid structures. When the Aztecs first came into the Valley of Mexico they built their pyramids on the lake they found there. As the Aztec Empire grew in size and power they conceived a new and bigger pyramid, but instead of looking for a new site they just built it on and around the existing one. The traditional pyramids are therefore composed of different layers of historical periods. Shopping: The earth-scraper would almost certainly become one of the city’s top retail destinations as soon as it opened. Connected: This picture shows the proposed metro station which would pass through the earth-scraper just below ground level. When the Spanish arrived in America and ultimately conquered the Aztecs, they erected Christian churches on top of the pyramids. Eventually their whole colonial city was built over the Aztec one. In the 20th century, many colonial buildings were demolished and modern structures raised on the existing historic foundations. Mr Suarez added that the ‘The Earthscraper digs down through the layers of cities to uncover our roots.’
December 2012 - January 2013
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Travel
Motorcycle
Diaries We bring you a first person account of a biking enthusiast who, alongwith two friends of his, travelled from Delhi to Manali and back on their Royal Enfield Classics
‘O
m Mani Padme Hum’ in Buddhist scriptures means ‘Behold the Jewel in the Lotus’. And this is what the three of us experienced on this most exciting trip, which took us from the National Capital through the rugged terrain of Himachal Pradesh to Manali and back. Well the most astonishing part of this trip was that we decided in five seconds flat to make it to Manali and back on our bikes, covering a distance of nearly 2,000 km in a span of just four days. The next day we made the bikes “trip ready,” fitted a Ladakh carrier onto it, got riding gear, jackets and a massive 15-foot tarpaulin to cover the bags.
ed the place looked (it was off season) we moved to Vashisth, a tiny and clean village just above Manali. We found an amazing room for just Rs.250 a night. The next day we went Manali hopping, met some happy locals, had the very tasty momos in the old market and as we were trudging along I spotted the Himachal Pradesh tourist office. We were introduced here to our guiding light, ‘the road map’. Our original plan was to go up to Chandra Taal lake and get back. But the map showed a picture of the Kee Monastery, which forced us to change our plan by about a few days. That day we bought jerry cans, warm clothing and filled our tanks.
Day One and Two We left early to avoid the crazy Delhi traffic, but got caught midway in it. We decided to make the 250 km trip to Chandigarh and stay there overnight. The roads were quite good, but the traffic crazy, which slowed us down, taking about five-and-a-half hours for us to reach Punjab’s capital. On the next day, we left early again by 6 a.m. for Manali. The roads were pretty bad, especially near Kullu where they rattle your bones to pulp. We reached Manali early in the evening, and seeing how commercial and crowd-
Day Three We left on the breathtaking route to Rohtang pass that opens up the Kullu valley into the surreal Spiti valley. Half the route has some absolutely amazing roads, and then the pass looms. With slush nearly two feet deep, visibility of just five feet, the mind-boggling traffic and a cavalcade of tourist cabs and trucks, we had a tough job driving the bikes. A distance of 10 km took us two hours. We finally reached the summit at nearly 4,000 metres and crossed over to the Lahaul valley. The flip side here was barely any greenery unlike the Kullu val-
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ley on the other side, clear skies, a winding river running through the valley,the worst roads on the planet, wild horses and the Chandra river. There’s hardly any civilization here and barely any life because of the lack of vegetation and shortage of oxygen. We continued through the valley and reached a bypass where one road leads to Lahaul and Spiti Valley and the other to Keylong, one of the routes to Ladakh. There is a difference in some popular terms in these regions. A road is just a way that can be passed, a village can be just one house, and good weather is no landslides. The few people who live here are used to a life unlike ours. They are blessed because there is always fresh water from the melting snow caps all the year round. We continued to Batal 90 km away crossing Chatru and Gramphu. We traversed a water crossing that makes its own road. Cold and with a massive force this water crossing made us bow down in respect (and fear). We nearly got bogged down for a good 15 times. But the sturdy bikes made their way. The trip took us about six hours to complete and we reached Batal by evening. Batal is a one-hut village run by an enterprising couple who keep the place open to travellers for three months that is deemed passable.
December 2012 - January 2013
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Travel
Vegetarian food, happy people, sleeping in stone huts on stone slabs, doing our ablutions alongside a river in presumably single digit temperatures was quite an experience. Day Four Next morning we loaded up and left for Chandra Taal lake, which we were told was about 16 km away. It took us two hours and a 3-km trek to the most amazing views we had ever seen. A massive valley to the left, sedimentary rocks left after a glacier’s demise, a river running through and a pristine lake to our right. Clear as a holy man’s conscience, the water was cold and reflected like the clearest mirror. We stayed for a few hours wading in the water, walking around the lake and just taking in the incredible sights. We had some Maggi (a life-saver in this region) and continued on our journey. We met no one throughout. One bike lost a clutch wire, the other a fuse. We crossed the Kumzun pass at 4,590 metres into the Spiti valley. We crossed the valley at our constant pace of 5-15 km an hour and reached Losar. From there we found patches of road and reached Kaza in the evening. This valley holds towns like Kee, Kibber, Dhankar and is the largest district in India. This is monastery country and also called Western Tibet by many, where the food is vegetarian. We stayed in Kaza for the night. Day Five We got up early like the people inhabiting this re-
gion and left for Kee monastery. We did a tour of the monastery and saw in this the 11th century Gompa, ancient tablets, scriptures, paintings and revered statues. The Monkshere live on the very basics and the place is built like a fort because of attacks throughout history. This Gompa is often visited by the Dalai Lama. We then left for Kibberat at 4,270 metres, a quaint town, last on the road but again full of smiling people everywhere. We left Kibber and travelled through the day and stopped at Tabo. We were planning to reach Rekong Peo but time made us alter our plans again. Tabo is a village, which is a peaceful place at the base of a valley. Most tourists you find here are Israelis and we met quite a few of them here. Vegetarian food, a relaxed feel, winds blowing away our jackets, happy kids running around was everything we liked. Next day we toured Tabo monastery, one of the 108 structures built around a thousand years ago. This one, completely built of clay in 996 AD, has some exquisite wall paintings and clay statues and has been referred to as one the most beautiful monasteries by the Dalai Lama. Day Six W e reluctantly left the village and moved to our next destination, Rekong Peo. The roads were just as bad, traffic increased e x p o nentially, h e a t w e n t up, the terrain
changed to absolute green and we could breathe properly. Along the way landslides were following us like a loving dog and after crossing Poo we had to wait at Spillow for a few hours as a bridge had been washed away. The Army and Border Roads Organisation move quickly here as this route is the only one to China (in this region) and its border. As they made way for us, one of us found a signal in our mobile and we called home. We reached the absolutely dirty, commercial town of Rekong Peo and after a bad dinner found a place at 11 in the night. Day Seven After an uneventful night, we woke up and climbed the mountain to Kalpa. Good, tiny roads and cleanliness greeted us. From Kalpa one can see Kinner Kailash. People travel to this hilltop very often to perform ceremonies. We left for Solan, but the traffic slowed us down. We got stuck at Rampur where we were greeted by a puncture and a protest that closed the highway for three hours. But after constant pleading, we were given a pass. Then some amazing roads greeted us, and after riding at 10-15 km an hour we opened throttle and reached Narkanda,a beautiful town high above Shimla. Fog descended on us and we did 30 km in 3 hours. We reached Shimla at 11 in the night and at about 2 a.m. found a hotel. Day Eight We left for Chandigarh about 120 km and from there to Delhi, about 250 km. The ride was boring and uneventful to say the least. Delhi greeted us with rain, traffic and pollution. And just as we touched ‘civilisation’ a certain sadness descended on us like a black veil. After traversing nearly 2,000 km, meeting happy, contended people, roads that gave new meaning to life, old monasteries and sights that can make the most talkative persons quite, the trip had ended and we were back to reality. Being avid photographers we took some fantastic pictures to bring back with us. There is lot more to say about the trip, but some things are better experienced than said. - Animesh Kundaji (A travel enthusiast based in Hyderabad)
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December 2012 - January 2013
41
Advertorial
The Grace of Green Living
G
reen Living, caring for the planet, preserving and nurturing bio-diversity are not new to Hyderabad. Even before the recently held Bio-Diversity Conference, the concept of Green Living was introduced to Hyderabad and integrated into living spaces. Green in Construction S&S Green Projects Pvt Ltd., a Hyderabad-based construction company, has adopted Green as its defining creed. It is just not fortuitous that it chose to have Green in its name itself. Much before anyone else, it was S&S Green Projects that responded to the new wave of environment-friendly building techniques. They foresaw that the construction industry will not be able to escape the ecology consciousness that had begun permeating all spheres of life worldwide. Green Grace
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Their ongoing project, Green Grace, is an exemplary demonstration of how caring for the planet, its resources, and its species can be integrated into responsible living. Green Grace complies with IGBC standards and is actually the second building in Hyderabad that is a Platinum pre-certified building. It has several advantages. A family can have an operational savings of 40 per cent with regard to water consumption. Your power bills will be up to 50 per cent less, compared with living in a nongreen building. Green Grace has made a provision to recycle water to meet all the gardening requirements as well as flush tank needs, thus saving water for personal use. S&S Green Projects made sure that your water is heated by solar power in Green Grace. This has two advantages: hot
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water is available throughout the day. And more importantly, your power bills will sharply come down. Reflective paints are used to ward off terrace heat. This ensures that the homes are cooler and use of air-conditioning will be minimal. Ventilation from all the four sides will further help in bringing in more light as well as fresh air into the home. Green is Saving Green Grace conforms to international green standards that provide you with most hygienic and healthy living conditions. It is proven that these standard living conditions will help in reducing sickness by 20 per cent, 60 per cent reduction in heat ingress as well as 100 per cent improvement in natural ventilation. Green Grace is designed in such a way that the rooms are sized perfectly so that they let in fresh air and
Travel
December 2012 - January 2013
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cut out the heat. There is one more feature which is not usually found. Green Grace uses VOC paints which don’t let toxins out so that the residents breathe easy. Green is Luxury With all these green features, Green Grace doesn’t compromise on luxury. In fact, Green Grace proves that one can
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live in luxury while being completely responsible towards the planet and its ecology. It is endowed with large landscaped areas, swimming pools, state-of-the-art club house, gymnasium, health club, modern gym, a club house, a health club with yoga centre, sauna, swimming pool, a jogging track which will go to enhance the well being of the residents
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by giving them enough physical activity in a congenial atmosphere. Of the 5.8 acres of land in which Green Grace is coming up, 71 per cent of the land is open with wonderfully landscaped gardens. Every apartment has a lawn. Even in the apartments on the 15th floor one can have this unique experience. Green Grace provides a full power backup, including for air-conditioners. It has RFID controlled parking for your vehicles. Close to Nature, Not far from Work Green Grace is strategically located. It is located in the Gachibowli area, very close the Financial District, and a stone’s throw from the express way that connects with the International Airport. Most of the happening places are only a short drive from Green Grace: Hi-tech City, Indian School of Business, University of Hyderabad. Equally importantly, some of the best schools in Hyderabad such as Delhi Public School, Oakridge School, are just a walk from Green Grace. In fact, your children will walk to their school and run back home!
December 2012 - January 2013
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APREDA D iary
Mr. P Prem Kumar, President of APREDA, presenting a bouquet to Mr. Sandip Patnaik, MD, JLL, at the monthly meeting on Oct. 30.
Mr. K Sreedhar Reddy, Secretary of APREDA, presenting a bouquet to Mr. Sandeep Singh Narayan Deo, JLL.
Mr. Prem Kumar greeting the host, Mr. P Harinath Babu, Member of APREDA.
Mr. Prem Kumar welcoming Mr. K Sitapathi Raju, Host, Member APREDA.
Mr. P Dasharath Reddy, Secretary General, APREDA, presenting a bouquet to the host, Mr. V Venkata Krishna Prasad, APREDA Member.
Mr. Prem Kumar presenting a bouquet to the host, Mr. Sunder Boddupalli, Member of APREDA.
Mr. Dashrath Reddy and Mr Prem Kumar welcoming Mr. Daggupati Sundeep.
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The holding of the prestigious Biodiversity Conclave in Hyderabad in October provided APREDA the right opportunity to showcase its CSR side. Continuing its multi-faceted activity, APREDA carried out beautification of the road from HITEX Entrance, venue of the conclave, to the Exhibition Entrance Grounds gate.
December 2012 - January 2013
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Etiquette
Shopping Etiquette
-By Carolann Philips
G
oing by the number of cars lined up outside the various shopping malls around town, I can’t help but conclude that shopping is the country’s favourite pastime. I happened to read somewhere that the second most dangerous place in the world to drive is on the “roads” in supermarkets and malls. With children running around, babies in carts, senior citizens treading precariously on slippery or wet floors, with all types of obstacles, unattended carts in the middle of the aisle, the list goes on and on about the environs at these places. The first requisite for a supermarket is that it should be safe, friendly, and present a courteous ambience where everyone is able to pick their favourite things or wares without fear of injury or unpleasantness. If everyone adopts some rules of etiquette, we could all collectively enjoy the pleasure of shopping. Akin to driving First of all, pushing the shopping cart is like driving a car and the aisles are like lanes on the road. It is both impolite and unsafe to leave a cart across the middle of the aisle to
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chat with a friend or browse through the shelves. Instead, proper ‘cart’ driving protocol suggests pulling over to the side of the aisle. When passing, keep to the right. This will avoid collision with another cart. It is not only courteous but safe to leave a considerable distance between your cart and the shopper in front. In this way there will be fewer hurt toes or bruised shins! It is rude to peer into someone else’s shopping basket or cart -– as if taking an inventory of everything or trying to figure out what the person might hypothetically be doing with that stuff! Helping oneself to grapes, nuts or other displayed wares is poor etiquette besides being unhygienic. Asking a shop assistant to check in the back for an item, and then not waiting for him or her to return is rude. It means that the service effort was a waste, and that time could have been spent on another customer. If you change your mind about the purchase, wait for the assistant’s return and apologise for the inconvenience whilst thanking him or her for the service. It is improper to stand with the freezer doors open while deciding whether to take Va-
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nilla or Butterscotch; chicken nuggets or shrimps. The freezer doors are made of glass so one can look through them and decide what to buy. It is considerate to give coupons, credit cards or anything pertinent to the purchase to the cashier before the sale is made. Not doing so may require the transaction to be cancelled or changed and this usually involves getting the manager’s signature -- wasting everyone’s time in line and also the effort and time of the cashier. Speaking on the cell phone whilst checking out shows disrespect for the cashier who is offering you a service. It is also considered improper to place money on the counter while making payment. Most cashiers find picking up the money a problem -- especially coins! Give it in the cashier’s hand. Shopping etiquette, however, works two ways. Cashiers and sales assistants must also be courteous, polite and helpful. And that is a topic for another column. These are just a few basics of shopping etiquette. Follow them and justify the idea that the customer is always right!
December 2012 - January 2013
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Pulse
Occupiers set their sights on
Gachibowli
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December 2012 - January 2013
51
Advertorial
Build Green, Whatever Maybe the Colour! Living with utmost concern for the planet is no longer an option of some faddists. It is an imperative need of the day. Melting of glaciers, depletion of the ozone layer, disappearance of a variety of species from the face of the earth, rivers changing course, climate change, hurricanes, etc are some of the things that are increasingly driving home a point: planet earth is no longer tolerant of man’s irresponsible lifestyle. Green is Necessary In every aspect of our living, we have realized the need for conservation. To be friendly to the ecological system. To respect our rich biodiversity. To be responsible towards the fast depleting non-renewable sources of energy. Talking about carbon credits is not anymore a fad. It is the dire necessity of the 21st century. It has strongly impacted our thinking about how to live, how to work, how to travel, how to produce, how to transport, how to distribute, and how to dispose of the vast waste that we continuously produce worldwide. Inescapable for Building Industry Globally, the building industry cannot remain untouched by these global concerns. International concern is echoed in India too. As a result, the Indian Green Building Council (IGBC) has been set up which laid down rigorous norms for constructing green buildings that preserve and nurture the environment, render the
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buildings healthier to live in, and at the same time help people in realizing the need to save on operational costs in terms of water and power bills. The vision of the Council is: To enable sustainable built environment for all and facilitate India to be one of the global leaders in sustainable built environment by 2025. Not Just Colour More often than not, the image of a green building conjures images of vast green spaces, by way of plush and well-kept lawns, a large number of potted plants, and a lot of sprinklers gushing water to maintain these large lung spaces. However, these are only green to look at. In colour, perhaps only in colour. A green building is much more than lush green lawns and flowers and gardens in and around our living spaces. It is a philosophy behind construction. It is a deliberate choice that informs the selection of materials. It is the thinking that determines the sizes of rooms. It is the policy that harnesses solar power to light our lamps and heat our water. It is the decision to invest in paint that doesn’t exude toxic fumes. It is an architectural skill to let in a lot of fresh air into our rooms from all sides. It is the determination to recycle water and use it to flush our toilets and wet our lawns. It is the resolve to use the reflective tile that wards of terrace heat. In a green building, the last thing is the colour green. Before the colour, it is the brick, the wiring, the layout, the water,
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the tile, the heating, and a host of other things. Green in a building is engineering, it is planning, it is architecture. Typically, in a green building light weight bricks are used. They generate less heat. The paints are carefully selected so that they don’t emit VOC. And the residents breathe easy because of that. Green buildings don’t pollute. Not only they don’t pollute, they use materials that have not polluted while being manufactured. This leads to less consumption of energy so that fewer resources are consumed. Less fuel is burned and less carbon is let out into the atmosphere. Green benefits A Green Home can have tremendous benefits, both tangible and intangible. The immediate and most tangible benefit is in the reduction in water and operating energy costs right from day one, during the entire life cycle of the uilding. Tangible benefits Energy savings : 20 - 30 % Water savings : 30 - 50% Intangible benefits Enhanced air quality, Excellent day lighting, Health & wellbeing of the occupants, Conservation of scarce national resources Enhance marketability for the project. Green building is the need of the hour. It respects the planet, and benefits the user in more ways than one.
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December 2012 - January 2013
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Auspicious days
December 2012 Date Day 3/12/2012 Monday 5/12/2012 Wedbesday 9/12/2012 Sunday 10/12/2012 Monday 16/12/2012 Sunday 17/12/2012 Monday 23/12/2012 Sunday 30/12/2012 Sunday
Auspicious days
Time (IST) A.M. 09:00 to 10:30 09:00 to 10:30 06:00 to 10:30 09:00 to 10:30 06:00 to 10:30 09:00 to 10:30 06:00 to 10:30 06:00 to 10:30
P.M. 04:00 to 07:00 04:00 to 07:00 02:00 to 04:30 04:00 to 07:00 02:00 to 04:30 04:00 to 07:00 02:00 to 04:30 02:00to 04:30
A.M.
P.M.
17/01/2013 Thursday
07:14 to 11:14
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18/01/2013 Friday
07:14 to 12:57
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22/01/2013 Tuessday
07:13 to 12:45
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29/01/2013 Monday
07:11 to 18:40
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31/01/2013 Tuesday
07:11 to 11:40
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January 2013
Humour corner
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Market rates
Market rates
Locality
Price(Rs/Sq.Ft.)
Alwal Attapur A S Rao Nagar Barkatpura Bachupally Bandlaguda Bibi Nagar Banjara Hills Bollaram Chandanagar Chintal Dilshugnagar Domalguda East Marredpally Erragadda Gujularamaram Gachibowli Hi-Tech City/Madhapur Habshiguda Hyderguda Himayath Nagar Hasmathpet
1895-2300 2800-3100 3000-3200 4000-4800 1500-2100 2000-2200 2000-2500 3700-7500 1800-2200 2000-2200 1800-2000 2200-2800 3500-4500 4200-5000 3200-3800 1500-2000 3000-4500 3600-4500 3000-3500 3000-3500 4000-5500 2300-2800
Hydernagar Jeedimetla Jamai Osmania Jubilee Hills JNTU Road/Kukatpally Kompally Kondapur Kavuri Hills Lingampalli L B Nagar Marredpally (Secunderabad) Mehdipatnam Nampally Madhapur Mallapur Manikonda Nagole Appa Junction Sainik Puri ShaikPet Srisailam Highway Thirumalgiri Uppal Yapral
2500-2800 1800-2100 2300-2500 6800-7800 3200-3800 2200-2500 3600-4200 4000-5000 2000-3400 2500-2800 3400-4300 3000-4200 2800-3900 3500-4000 2000-2700 2200-3600 2200-2800 2500-2900 1655-2200 2000-3000 2500-2900 2200-2650 2000-2900 2100-2400
December 2012 - January 2013
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Advertorial
Monument which reflects A Secure Tomorrow
There are many monuments and memorials across the world. The Statue ofLiberty, the Washington Memorial, the Eiffel Tower, the Arc de Triumphe, and Trafalgar Square are some of the edifices in Europe and America that dominate the cities in which they are built. Nearer home in India, the various Buddhist stupas, the Taj Mahal, Qutub Minar, the Gateway of India, the India Gate, spring to mind as structures that remind us of our country’s rich history and heritage. In Hyderabad, the marvellous Charminar and the Qutb Shahi Tombs adorn the skyline of the City of Pearls. They earn the city a place of pride in the map of the world’s heritage structures. Now the city has yet another monument which can compete with any other monument on the planet in grandeur, dignity, and above all for the depth of the message that it symbolizes;
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the Bio-diversity Pylon. The Pylon is built to commemorate the 11th Conference of Parties to the Convention on Biodiversity (CoP-11 to CBD) held in October 2012 in Hyderabad. The international conference was attended by about 8,000 delegates from 193 countries. It is the largest gathering that met for nearly a fortnight to deliberate on the state of the planet and the measures that each country should take to preserve the bio-diversity of our planet. The Conference not only reiterated the world’s commitment to the preservation of the fragile ecosystem of the earth, but also extracted commitments from the governments of all the participating countries to allocate resources to execute their commitments. After about a century, if we are able to look back on the way we could preserve
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planet earth’s delicate ecological balance and nurture its bio-diversity we will have owed a lot to the Hyderabad Bio—diversity Conference. It is to remind posterity of the seeds of the commitment which made possible the achievement of the grand objective that this Bio-diversity Pylon was built. The pylon has been built on a 15-acre Bio-Diversity Complex in Gachibowli. Designed by Hyderabad based architectural firm ‘Genesis Planners Pvt Ltd’., the structure is an architectural representation of the grandest conception of cosmology. The structure is conceived to depict the story of evolution and its diversity with an artistic amalgam of scientific symbolism on a mythological canvas. The edifice captures the full gamut of ideas that represent the concept of Bio-diversity. The term bio-diversity is used to denote richness of species
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and the diversity. Biologists often define it as “the totality of genes, species, and ecosystems of a region.” This definition presents a unified view of the traditional as well as modern conceptions of biodiversity. Base of the Pylon The Pylon base is composed of concentric circles representing the five elements: Pridhvi (Earth), Vayu (Air), Jala (Water), Agni (Fire), and Akasa (Ether). These are the essential elements of creation. And every living organism is composed of these fundamental elements. The base has five rings, each representing an element and capturing its essence. The ring of Air – Vayu Mandala. This is the outermost ring. It is represented by 12 trees. The number 12 is arrived at by multiplying four cardinal directions with 3 types of wind on the planet – Polar Easterlies, Westerlies, and Trade winds. The ring of air is 108 feet in diameter. The sacred number 108 becomes a crucial dimension for the pylon base. We all know that it takes 108 seconds for the sun to pulsate once and hence it signifies the cosmic blue print of creation. The ring of Earth – Pridhvi Mandala has an ambulatory path engraved with 191 classifications of the Tree of Life. It is a humbling experience to see homo sapiens as a part of 101 names. The ambulatory part is 6 feet wide and has been symbolically proportioned to human height and the circumference of the path is 224 feet at the centre of the path. Along the ambulatory path there are three viewing decks representing the three qualities that characterize every living entity on this planet: Satwa, Guna, Rajo Guna, and Tamo Guna. The Ring of Fire – Agni Mandala: An inward sloping grass from the ring of Earth meets the next element, the Ring of Fire. Fire is symbolized by the Sun with radiating lines in the colours of fire. It has 108 lights, which is exactly the amount of time taken for one heartbeat of the Sun. The Ring of Water – Jala Mandala is a water bowl signifying incubator of life. In Indian system human mind is the incubator. Only through the mind it is possible to be aware of the creation. Hence taking the diameter of Moon as one unit
and multiplying this by 30 the diameter of the ring of water is arrived at. Incidentally, the Earth is 30 times the size of the Moon. The water has a floating map of the world without political boundaries. The Ring of Ether – Akash Mandala: The fifth element Ether is invisible to the eye. This is represented by a fan like structure. The fans of ether by themselves are not representative of Ether, but the empty space between the three fins represent the element Ether. The fans are two in number (Etheric double of the spiritual parlance), one over the other and slightly eccentric giving a visual impression of dynamic movement even though they are static. The Pylon: The Pylon itself is composed of the same three divisions of biodiversity, namely System (Prakruthi), Species (Prani) and Structure (Antaralaya). The System Pylon – Prakruthi Sthambha is represented by a 46 foot tall steel structure that mimics a wire frame. A wireframe is an abstract definition for a space holder in the computer terminology. This structure has Boomerang shaped plan, symbolizing the concept that it never goes away, always returns to the origin and is non perishable. The 46 feet height of the Pylon represents the 23 male and 23 female chromosomes. The Species Pylon – Prani Sthambha mimics an extruded Shaligramam. It is 32 feet tall elliptically shaped stone pylon and stands next to the steel pylon.
The number 32 represents 32 million species on the planet earth, of which only a little over 8 million species have been identified. Down from the 32 feet datum level to the level of 26 feet level datum on the steel pylon, a section of 8 feet is internally lit, signifying the identified 8 million species. The species pylon is adorned with graphics symbolizing the story of biodiversity. Structure Pylon – Antarlaya Sthambha is a 7 feet tall structure. It represents DNA double helix and sits on the top of the stone pylon representing the pylon at a dna/genetic level. In an esoteric sense it also symbolizes the seven chakras and the future possibilities of evolution that remain as potentiality. A mural gives a detailed and graphic depiction of the whole concept. The project was executed by Hyderabad based construction firm, S&S Green Projects, whose team consisted of Naveen Kumar Potluri, V.R.K.Murthy, K. Suryanarayana, Y. Phanindranath. S&S Green Projects is a pioneer in executing Green Buildings in Hyderabad. They have very ably married Green to Luxury in creating residential accommodation. The Pylon design was conceived by Genesis Planners consisting of Anujay S Vootla, NVS Raju, Ananth Eyunni and Maheshwar Goud. Ramesh Ravipudi and Sundeep Daggubati of Ram Digi Medias Pvt Ltd were the Project Management Team.
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