Horizons June - July 2014 by Apreda Horizons

Horizons Volume 2

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

Issue 17

` 50 | June-July 2014

AP’s most credible real estate magazine

P22

Historic victory for KCR in Telangana & Naidu in AP

contents Cover Story

Cheers on the Horizon

>> In-focus

Major breakthrough Page 22 for APREDA Page 38 Arch Talk

City’s Evolving Facades Page 40 Project watch

Making your dream come true

Special Report

Ways to make housing Page 28 affordable 6

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Other Sections

Page 50 08

News watch

44 Happenings 46

APREDA Diary

Pulse

Auspicious Days

Humour Corner

49 Market Monitor 52 Property Lisiting

Editor’s Note

Happy days are back again We welcome all our readers for the first time from the two states of Telangana and Andhra Pradesh in this changed political scenario. It’s time to rejoice and find solace as N Chandrababu Naidu led TDP government in AP and K Chandrasekar Rao led TRS government in Telanagana have resumed office with a clear majority. Now that stable governments have been formed in the two states along with a strong BJP government at the centre headed by Narendra Modi as the new prime minister of India, the industry is holding on with bated breath to see a pro-growth stance that ensures revival of the economy. And to put it in the words of Modi ‘Ab Ache din aagaye hain’ i.e. now good days have arrived. As the heat and dust of the 2014 elections settle down, euphoria, optimism and a feeling of immense relief has enwrapped the industry that finally the much awaited moment has come to get on with business. Now it is time to get on from the poetry of the electioneering to the prose of action. Finally the long awaited files awaiting sanctions and permissions will start moving, finally the sales enquiries will not die down without closures, finally the wait and watch mode of the market will be gone with the wind of change, finally the endless wait for the markets to settle down and stabilize will end, bringing the much needed succor not only to real estate but across the board to all industries. The Perestroika and Glasnost of our political setup has witnessed a spectacular change, not only at the centre but at the state level too. After years of coalition politics, where indecisiveness and the incongruous approach of the UPA government slowed down the economy, a strong stable government has taken over at the centre. Similar is the case at the state level too. Years of political unrest in AP has given place to two stable state governments taking over. Although the pangs of separation among the Telugu community of the region will continue to haunt for some time. But as the saying goes that time is the best healer Real estate transactions too in coastal Andhra and Rayalaseema regions have picked up since March 2014, after the AP Reorganisation Bill was passed in Parliament. Figures from Seemandhra stamps and registrations department indicate that the highest number of transactions were registered in Vijayawada and Guntur, where there is talk of the new capital being situated. In the Telangana region, where the business has been moderate for the past 18 months, it has begun to pick up fast in Hyderabad, Ranga Reddy and Nizamabad districts. In Telangana, though the growth rate was just above moderate, investments were higher. Overall investment in April 2014 in Telangana was Rs 2,828.46 lakh (58.48 per cent growth), while in Seemandhra investment was Rs 2,007.84 lakh with 41.52 per cent growth. Investor-friendly, streamlined policies from the new government can be a gamechanger for Indian real estate. There are vital regulations and initiatives gathering dust on bureaucratic tables which need to be fast-tracked and implemented. Though these regulations and initiatives are crucial for the sector's growth, there are various complexities that must be sorted out first. One of the challenges is impartially attending to the interests of all industry stakeholders. The other challenge is to shore up all loopholes that could remain and be exploited if not identified prior to a regulation's implementation. Real Estate Regulatory Bill and a faster project approval process are top on the agenda of the industry. In this edition of Horizons the cover story -‘Cheers on the Horizon’ and the special report ‘Ways to make housing affordable' dwells on the expectations and long standing issues confronting the builder developer fraternity. Besides our other regular features News Watch gives you an in depth dose of realty news, starting this issue we begin an interesting dialogue on the evolving facades and design under our section Arch Talk. Hope you enjoy reading as we did wrapping up this edition. Please do send in your feedback. Jydip Mukherji Executive Editor

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Volume 2 Issue 17 June-July 2014 Editorial Advisor R Chalapathi Rao sirisampada@icloud.com

Executive Editor Jydip Mukherji jydip.mukherji@gmail.com

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

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News Watch

National NAREDCO to conduct seminar on Green Housing

ational Seminar on ‘Green Affordable Housing’ is being organised by NAREDCO on Friday, 13 June 2014 at India Habitat Centre, New Delhi to deliberate the issues associated with delivering affordable housing complexes, including LIG and EWS categories, with green norms compliance. The Seminar is aimed to spark off initiatives for creating green compliant Affordable Housing. Amongst others it will be attended by senior representatives of various stake holders like real estate developers, ULBs, housing boards, development

authorities, town planning departments, architects and planners, consultants, real estate finance organizations, law firms, rating agencies, R&D institutions.

CII-IGBC and DDA have agreed to associate with and participate in the event. Ministry of Housing and Urban Poverty Alleviation and Ministry of New and Renewable Energy, among others, are considering to support it. Some of the prominent speakers are Balvinder Kumar, IAS, VC, DDA; Dr M Ravi Kanth,IAS, CMD,HUDCO; Dr P C Jain, Chairman, CII-IGBC; S/Shri Abhai Sinha, Engineer Member, DDA; Tanmoy Tataghat,Director, Environmental Design Solutions; P S Jayakumar, MD, Value and Budget Housing Corp Ltd, B’lore; Dr S K Agrawal, ED, BMTPC.

Fitch sees level of NPAs, recast loans up at 15%

nternational rating agency Fitch said the level of stressed loans of domestic banks, including restructured debt, may continue to rise and reach 15% by the end of this financial year from over 10 per cent in 2013-14. "Fitch expects the domestic banks' asset quality to weaken further, with stressed assets to rise from 10 per cent at mid-2013 to around 15 per cent by the end of FY15." Stressed

assets, which include gross nonperforming assets and restructured debt, stood at 10.2% as of September. In its report focused on banking in emerging markets, Fitch said the "downside risks are greatest" in China and India. The agency said state-run banks will be the most affected. The reasons cited for the deteriorating quality of assets

at banks include slackening economic growth, intervention by the judiciary, delays in project approvals leading to a sense of 'policy paralysis' and high interest rates. RBI and the government have flagged this as a major concern and have initiated steps, including a new policy for early detection and resolution of bad loans, which is being implemented from April 1.

NHAI eyes trimming bidders’ list

ith a large number of developers abandoning flagship projects — the GMR Group walked out of the Kishangarh-Ahmedabad project in FY13 — the National Highways Authority of India (NHAI) is looking at ways to ensure against unduly aggressive bids. The committee on infrastructure financing has suggested, in its draft report

that NHAI should look at managing overenthusiastic and unrealistic bidding by limiting the number of bidders placing their price bids to just three to five players. “Aggressive bidding has led to several difficulties and delays. One of the principal reasons that has led to aggressive bidding is the prequalification of a large number of bidders for each project. The international best practice is to pre-qualify and shortlist 3 to 5 bidders for the stage of bidding,” the draft for the second interim report of the committee said. The draft report suggested prequalifying and short listing three to five bidders for the final stage of bidding as the final round of bidding for any project requires significant investment in

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the time and resources for submission of competitive bids. The government is stuck since, if it does not accept the most aggressive bid, the CVC and the CAG will haul it up for violating the integrity of the bidding process and a possible loss to the government. A change in the selection process should be priority for the government. Any short listing, however, will be difficult to do. While one suggestion, mooted some years ago, was to use the length of roads constructed - or some other infrastructure development as a means to shortlist bidders, this was shot down as an attempt to favour larger bidders. Given the problems caused by ultra-aggressive bids, however, it is clear NHAI needs to find some way to get only serious bidders to participate in bids.

News Watch

Realtors reducing land banks

and, the primary ingredient for a real estate firm, seems to be losing its shine as developers get into alliances with landowners to reduce their capital cost and push up margins. Godrej Properties and Tata Housing, relatively new in real estate, are following this asset light model. Most of their projects come up through joint development with landowners. Nitesh Estates, a Bangalore- based real estate company started in 2004, operates without any land assets for its residential projects. Prudent developers would go in for the joint ventures because working capital was short and some companies had

”We pioneered the concept, relying primarily on private landowners or the government,” said Brotin Banerjee, managing director and chief executive, Tata Housing.

proved the model works, said Samantak Das, chief economist and director, research and advisory services, Knight Frank.

Currently, 60 per cent of Tata Housing’s projects are based on this model. ” It’s a win- win situation for both developer and landowner,” Banerjee added. This format requires lower investment from developers and provides higher returns to landowners who get a part of the revenue. It helps developers de- risk their portfolio, allowing them to grow faster with a lower capital investment.

NRIs tap Potential in Bangalore

any NRIs who have been sitting on the fence for some time are now evincing keen interest and want to enter the market given the host of options across many price points available now. With favourable exchange rates, availability of property management services, competitive lending rates and easing of payment options, the timing is appropriate for NRIs to invest in residential property in Bangalore. There are two categories of NRI investors. While end-users look at multiple options, bargain deals and flexible norms, investors are early birds in any project. A typical investor invariably looks at

commit to deals. Moreover, with bank funding options depleting, funds which have already invested in residential projects are cautious in deploying funds to new projects.

select developers to get 20-40 percent returns on investments depending on the attributes of the project and payback period. For developers, NRIs have become an alternate source of raising funds in a market where private equity developers are taking a longer time to

This is yet another reason why NRIs can get a good bargain and reap higher appreciation. Due to the inherent risks associated with investing in land, NRIs are more comfortable dealing with prelaunch apartment sales and with those who ensure minimum guaranteed returns on their investments. Projects of reputed developers are considered risk-free from a liquidity point of view, according to property consultants abroad.

New payment plans to keep market steady

evelopers and builders have come up with innovate offers to woo homebuyers in the current scenario where the market has become very sluggish and inventories are piling up. Under these new payment plans, buyers will have an option to pay in a convenient and flexible mode that will make owning a home affordable even in these difficult times. For example, in a 15:75:10 payment plan, the buyer needs to pay only 15% of the total cost plus service tax at the time of booking, the bank would finance

of the project. The buyer would then have to pay the rest 10% at the time, or near the time, of possession and he would only start paying the EMIs from the date of possession.

75% of the cost, whose interest would be borne by the company till the possession

Buyers, of course, must choose plans that most suit their current finances and future repayment capacities. After the RBI’s directive to curb the 80:20 schemes, developers and builders have found a way out by coming out with new payment schedules, like 50:50, 60:40 or 70:30 schemes.

June-July 2014

News Watch

National Relief on cards for home loan borrowers

here is good news for existing home loan borrowers. The RBI has suggested that banks must effect any change in floating rate loans only at the agreed-upon reset date. This is aimed at ushering in transparent and appropriate pricing of credit, according to an RBI working group. Floating rate loan agreements can have interest rates reset monthly, quarterly, half-yearly, etc. Once the loans are reset on the date agreed upon in the agreement, the customer would know upfront when

minimum rate below which banks can’t lend) need not result in an immediate change in the floating interest rate on existing loans.

the rates are due for change. This will increase transparency. What this means is that any change in the base rate (the

The panel felt that for a given customer, once a spread (mark-up over the base rate) has been determined after looking at all factors, including the customer’s credit profile, customer relationship with bank, strategy, etc, it should not be increased except when it may involve deterioration in the credit-risk profile of the customer.

RBI allows conditional FDI

he Reserve Bank of India (RBI) has notified that limited-liability partnerships can accept direct investment from foreign investors, subject to certain riders. The central bank said foreign institutional investors (FIIs), qualified foreign investors (QFIs) and foreign venture capital investors would not be eligible to invest in LLPs. Limited-liability partnerships in all sectors where 100% FDI is permitted

would be eligible to get FDI, the RBI said. However, such investments would need prior government approval. "Any form of foreign investment in an LLP, direct or indirect (regardless of nature of 'ownership' or 'control' of an Indian company), shall require government/ FIPB approval," the RBI said. Further, an Indian company with foreign investment can make a downstream investment in a limited-liability

partnership only if both the company and the partnership operate in the sectors where 100% FDI is allowed under the automatic route. Such FDI in a limited-liability partnership, either by way of capital infusion or acquisition or transfer of 'profit shares', would have to be more than or equal to the fair price as worked out with any internationally accepted valuation norm, the RBI said.

Where PEs fear to tread

he new company law could well trigger a change in boardroom equation between company promoters and private equity (PE) investors. According to provisions in the new Companies Act, the responsibility, risk and liability profile of PE directors in an investee company has gone up manifold. This may make cautious investors choose an 'observer' status rather than a 'director' on company boards, say legal experts and PE firms. "PE investors may exercise their affirmative rights through shareholder action instead of seeking a board berth. This is more so when enforcement of affirmative rights may potentially be in conflict with a director's

by the new company law, wherein the PE nominees on the board of listed public companies and public unlisted companies will no longer qualify as independent directors. PE directors will have a non-executive position on the board though they will have to fulfil all the duties and responsibilities of a director as stated in section 166 of the Companies Act 2013.

fiduciary duties," says S M Sundaram, partner and chief financial officer, Baring Equity Partners India. The trigger is a key change brought about

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The duties of directors are towards a diverse band of "stakeholders" that include "the company, its employees, shareholders, community and for environment protection". There are severe penalties, in many cases even imprisonment, for non-compliance.

News Watch

National Around $16 billion locked in Mumbai's fund-starved realty sector

lose to Rs. 1,00,000 crore (around $16 billion) by private equity funds is locked in the fund-starved real estate sector as hundreds of projects get delayed across the country and investors struggle for an exit. Over and above, investments worth around $1 billion are waiting to be deployed in the sector as the fund managers continue to scout for "quality" projects to ensure a steady cash flow for their investors. The sector is now pinning its hopes on the new BJP led NDA government that has just taken over in New Delhi to drive up the market and bring in a new policy framework.

(PE) funds. The PE players raised huge funds from the domestic market as well as foreign (offshore) markets promising their investors attractive returns.

Ever since banks dropped developers from their client list a few years ago and reduced exposure to the "risky" real estate sector at the behest of the RBI, the sector has been at the mercy of private equity

In return, developers who sourced funds from PE players are doling out a steep 20-30% interest to the funds, making their projects expensive. Once a national regulator is in place, companies hope that they would get funds from banks at a cheaper rate. They point out that 8590% of projects are delayed way beyond their estimated timeframe, making them a risky investment option.

Holcim- Lafarge merger to have major impact in India

n the first week of April, Switzerland’s Holcim announced an all- share deal to acquire Frances Lafarge to create a cement leviathan, with combined sales of € 32 billion ($ 44 billion). The Holcim and Lafarge managements have acknowledged as weak demand for all construction materials persists, the coming together of two industry leaders will help them fight market blues. The overriding considerations for the merger are cutting costs, improving operational efficiencies by creating a common pool of best practices and increasing market share. The merger, likely to materialise

in the first half of this year, will have major implications for India, the world’s second largest producer and consumer of cement. Holcim, through majority ownership of Ambuja Cements (production of 20.96 million tonnes in 2013) and ACC (23.86 mt), and the unlisted Lafarge India (capacity of 11 mt) are present here. Expectedly, the 350- mt Indian cement sector is curious about how the merged entity at the global level will run the three units here. Anil Singhvi, chairman of Ican Investment

has said, “ACC will merge into Ambuja and Lafarge will also merge into Ambuja.” Singhvi’s argument is based on the premise that Ambuja is directly owned by Holcim. ACC and Ambuja had a number of areas of overlapping costs - from production to marketing and management - and, therefore, these would eventually merge. Lafarge Holcim, the new group emerging from the merger, “will offer higher growth and low risk, thus creating more value”, claims Lafarge chief executive. The union is to lead to annual savings of €1.4 billion.

Gujarat land acquisition model is the best: Commerce min

Commerce and Industry Ministry sponsored report has showcased the Gujarat model of land acquisition as the best practice, adding it can be emulated by other states with some modifications, to improve the business environment. The report on “Best Practices to Improve the Business Environment Across States/UTs in India”, prepared by consultancy firm Accenture on behalf of the Department of Industrial Policy and Promotion, also talks about the best practices in Karnataka and Maharashtra on issues related to labour management and

trade and investment facilitation system. “Although we have chosen to showcase Gujarat Industrial Development Corporation’s (GIDC) model for landrelated intervention as the best practice,

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some other states have taken initiatives to help businesses to get land for setting up facilities,” it said. Land acquisition, it may be noted, had become a controversial issue in the recently Lok Sabha elections, with the Congress accusing Narendra Modi-led BJP government in Gujarat of giving cheap land to business houses. The report said Gujarat has “a very simplified land acquisition procedure in the state with minimum direct government participation”. With regard to land acquisition, it also cited examples of Haryana and Andhra Pradesh.

News Watch

National Levy sales tax only on ‘goods component’: SC

n a landmark judgment regarding determination of tax liability on installation of lifts/elevators, the Supreme Court has clarified that installation of elevators is a 'work contract' and sales tax can be levied only on the goods component involved in execution of such contract, and not on the total value of the contract, which involves aspects like installation. The judgment has been passed by a 4:1 majority where the apex court has said, quoting an earlier judgment in the case of Andhra Pradesh versus Kone Elevators, that, "It is directed that the show-cause notices, which have been issued by taking recourse to

reopening of assessment, shall stand quashed." "We welcome the honourable court's judgment," said an Otis spokesperson in an e-mail response. Otis Elevators

Company (India), a subsidiary of the US engineering giant United Technologies' elevator division, had approached the court to treat such contracts as work contract. However, various state tax departments in the assessment proceedings treated such work contracts as one for sale, and consequently levied VAT on the entire value of the contract. Otis, however, challenged the assessment orders by approaching the Supreme Court under Article 32 of the Constitution. Similar writ petitions were also filed by several other companies engaged in manufacture, supply and installation of lifts/elevators.

Builder fined for not delivering flats

n what could tame builders who fail to deliver houses on time, the National Consumer Disputes Redressal Forum has asked realty major Parsvnath Developers to return the entire principal amount paid by two flat buyers with 18% interest and another Rs 7 lakh compensation to each for causing mental agony and harassment because of delay in handing over possession. Clubbing two cases since both were of the similar nature, the forum on May 5 also observed, “It must be borne in mind that there is a huge delay in handing over the possession of the premises in dispute-about four years.

The opposition party (read builder) has attempt to feather its own nest i.e. to make profits for itself at the expense of others.” Rejecting the developer’s offer to pay Rs 2 lakh or Rs 3 lakh for the delay as “unjust and unfair”, the forum said, “The harassment and mental agony cannot be equated by payment of a few peanuts.” In the first case, Subhash Chandra Mahajan and Aditya Mahajan had booked a 3-bedroom residential flat in Parsvnath Privilege Complex in Greater Noida in 2007. The developer had committed to complete the project

within three years; Parsvnath Developers must return the entire principal amount paid by two flat buyers with 18% interest and Rs7 lakh compensation to each of them. The duo had made full payment in May 2007 under the down payment plan and had also availed 10% rebate. The complainants alleged the construction had stopped in January 2008. After finding no progress in construction, the complainant had demanded the refund, but to no avail. Subsequently, Subhash approached the consumer forum.

Forest clearances set to go online

he Union environment ministry has given an in- principle nod to route forest clearances through an electronic platform. The ministry released a detailed project report in this regard. The report, prepared by EY, said the efiling system would enhance efficiency, reduce turnaround time per activity and lead to standard processes across state and regional levels. The move comes two months after the ministry altered regulations and announced strict deadlines against each step of the forest clearance process, starting

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from the state government level. Unlike mandatory environment clearances, forest clearances take a more circuitous route, with state governments required to moot the proposal for handing over government land to industry. Proposals relating to more than 100 hectares are necessarily cleared by the Centre, while those pertaining to more than 50 hectares are approved by the ministry’s regional offices. At times, project appraisals take more than two years, with either the state or the Centre sitting on files, in the absence of statutory deadlines.

News Watch

State New set up post bi-furcation

AS officers in the state will be apportioned between Telangana and Andhra Pradesh on the midnight of June 1 and will have to report to the respective governments on June 2. The decision was taken by governor ESL Narasimhan at a high-level meeting on the bifurcation process held at Raj Bhavan. Accordingly, governor also finalised the division of the Secretariat buildings. A, B, C and D Blocks in the

Secretariat will belong to the Telangana government and H, J, K and L Blocks have been allotted to Andhra Pradesh state. Both governments will work from the present Secretariat with each having different entrance and exit routes. Accordingly, it was decided to remove the school located in the Secretariat to construct a new entrance for the Telangana Secretariat which will be

located opposite NTR Park. The Andhra Pradesh secretariat will continue to use the present entrance and exit routes. The chief minister of Telangana will have his office in C Block and the AP CM will function from H Block. To beef up security to the AP CM, it was decided to remove the bank located within the H Block. The security wing has proposed Lake View Guest House as the AP CM's camp office.

Challenges ahead for Telangana Tourism Corporation

he government has given the go ahead for the creation of Telangana Tourism Development Corporation (TTDC), but experts said it has a monumental task ahead of it as tourism in the region lags behind Seemandhra in terms of revenue. The TTDC is expected to start functioning from June 2 onwards. Undivided Andhra Pradesh has seen a constant yearly increase in domestic tourist arrivals in the last decade. The number of tourists breached the 20 crore mark in 2012, a year which also saw a surge in tourists in Telangana which till then had borne the brunt of the intense Telangana agitation. Out of the nearly 20.5 crore arrivals in 2012, Seemandhra played host to 11.5 crore tourists. The trend continued in 2013 as well, officials said. "Most tourists head for Visakhapatnam,

Tours and Travels.

Araku and the beaches of East and West Godavari. A good percentage of people heading for Kerala and Goa have been known to make stops in coastal Andhra owing to the promotional activities of APTDC. Also, Tirupati and Bhadrachalam are major temple destinations attracting a large chunk of travellers," said Hemanth T Pandey of RK

The disparity in tourist inflows also showcases itself in the revenue collections. Nearly 65 per cent of APTDC's revenue, largely earned from its hotel and tour packages, is generated in coastal Andhra. In Telangana, its Hyderabad and Warangal which make up the bulk of tourism revenue, officials said. However, the new state may get some relief as the tourism department is currently working on modalities to share the revenue earnings from tours starting from Hyderabad to Seemandhra. "Many tours to Vizag and Tirupati originate from Hyderabad. We are working on how the revenue can be shared between the regions," a department source said, adding that a consultant has been hired for the purpose.

Fapcci recommends decentralised development

apcci says that the industry body will function for both the states after bifurcation. Fapcci proposes almost a similar socio-economic development plan for both the states of Telangana and AP in its vision documents released recently. Fapcci president, Srinivas Ayyadevara, said that the industry body will function for both the states after bifurcation and will strive to promote industrial growth and protect the interests of the trade, commerce and industry. He also stated that Fapcci was going

to prepare a sector-wise development model and work continuously with the governments of the two states to achieve the desired results. According to Fapcci, the focus should be on integrated, decentralised inclusive growth across both the states. Two to three districts should be taken as an unit for economic development to make them as growth centres. It sought creation of land banks in each district, restriction of real estate activity to prevent spiralling

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of land costs, mechanisation of agriculture, creation of cold storage and warehousing facilities and setting up of industrial corridors besides undertaking various other activities. With regard to infrastructure, Fapcci emphasised the need for development of parallel radial road projects and airports. It said that while Telangana required at least three domestic airports, AP required a minimum of three international airports and a few domestic airports.

News Watch

Hyderabad Rooms Aplenty, Hotels Make Way for Homes, Offices

massive oversupply situation in markets such as Chennai, Hyderabad and Pune is pushing several hotel developers to convert their upcoming projects into residential or commercial properties. The proposed Oberoi luxury hotel in Hyderabad, for example, has been put on the backburner and the developer is mulling over alternate use of the project as a commercial centre, an industry expert said. “The market isn't promising the projected average room revenues (ARRs) of Rs 16,000 a night, which has led to the developer to rethink about the project,” said an industry expert, who did not wish to be named. Industry insiders say the oversupply situation that has impacted hotel occupancies and room rates has

forced several developers to re-work their projects and opt for conversion. According to an India Ratings and Research (Ind-Ra) report on the hotel industry, there is an increasing number of projects being shelved in the hospitality sector as of 2014 and hotel companies are delaying and shelving

new projects (40%-50%) due to the prevailing economic downturn and increased stress levels. “Lower liquidity and rising financing costs, longer stabilisation periods along with a rise in construction and land costs are making hotel projects unviable,” the report said. Experts said that several developers entered the hospitality sector, lured by the higher floor space index (FSI) that hotel projects were granted when compared to residential or commercial properties. However, after the projects were announced, developers started to realise that hotels require a locking in of capital for longer periods (5-7 years) which wouldn’t give returns as high as the sale of residential apartments.

'Influence zones' proposed near metro rail stations

f Hyderabad Metropolitan Development Authority's plans materialise, only highrise buildings with minimum 40 metre height will be encouraged in 'influence zones' (an area in a radius of 300 to 800 metres) around metro rail and MMTS stations soon. Also, mixed land use, where property developers can exploit real estate for commercial, residential, recreational and other purposes, will be allowed in these zones. The HMDA

has prepared development regulations (building rules) for 19 proposed influence zones in the city. Proposed Influence Zones: Miyapur, Kukatpally, Balanagar, Moosapet, Bharatnagar, Ameerpet, Nampally, Punjagutta, Erramanzil, Khairatabad, Tarnaka, Nagole/Uppal, Mettuguda, Parade Grounds, Rasoolpura, Hi-Tec City, Raidurg, LB Nagar and Moosarambagh.

The HMDA has decided to promote Transit Oriented Development (TOD) around the metro rail stations. Officials said the influence zones would focus on all-round development. In the influence zones, commercial space, budget hotels, coffee shops, day-care facilities, restaurants, service apartments, hospitals, cyber cafes, health clubs, entertainment centres apart from residential purpose would be allowed.

No impact on luxury residential segment

mid the gamut of luxury projects in India, luxury housing has picked up the most. These luxury homes come as apartments, penthouses, suburban villas and bungalows, and are often close to a golf-course or a green expanse. Industry experts attribute the rise in luxury housing projects to the oversupply in the premium segment during the 2008 economic slowdown. In cities like Mumbai, DelhiNCR and Bangalore, luxury and ultraluxury residential projects have witnessed ten-fold appreciation over their launch prices, over the last decade. The response in cities like Gurgaon and Hyderabad, where demand has outpaced supply, has encouraged developers to shift

segment performed better than the rest. Nothing has been able to dent the sales of these projects – the recession, separation and not even the bifurcation of state. According to me, this segment will continue to grow in the next quarter also, especially the ORR belt.”

their focus to this segment. Srinivas Reddy, owner, Rajapushpa Properties, Hyderabad, says, “Luxury projects have been doing well since the past four years. Even during the lean period of 2009, luxury and ultra-luxury properties

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According to a research report, ‘India Luxury Housing Market Analysis’ by RNCOS, a consultancy firm, the luxury housing segment is gaining momentum in India and holds immense potential for new and existing players. The real estate developers are also focusing on luxury housing, due to high profit margins available in this segment'.

News Watch

Hyderabad Realty creating employment

nfrastructure growth has been playing a vital role in providing employment in both organised and unorganised sectors in India and Hyderabad in particular. In fact after agriculture, real estate sector is the second largest creator of employment. In Hyderabad several large scale housing projects have come up in the last five to ten years and there are many more projects which are in the pipeline. Several supporting infrastructure need to be built for these projects such as water supply, sewerage, storm water drains, mass transit, and roads. After the housing sector, the sectors which are experiencing demand for space are education, healthcare,

and commercial spaces.

Airport, Nehru outer ring road phase I, PVNR Expressway and many flyovers connecting key areas getting operational. These have not only improved the existing connectivity but have also opened up new suburban locations for development. The key infrastructure developments slated in the next five years would be the Hyderabad metro rail and the Nehru outer ring road being fully operational.”

Trivita Roy, AVP, Research and Real Estate Intelligence Service, Hyderabad, JLL India says, “In the last five years we have seen infrastructure developments such as Rajiv Gandhi international

In a report published by L&T metro rail Hyderabad, it is stated that the network will cover a total distance of around 72 km across three corridors and hire over 2,750 persons for its development.

New age homes in Hyderabad

ost of the builders in Hyderabad are of the opinion that today’s house buyer is smart and wants value for money. When a consumer comes to a property exhibition he is fully prepared and ready with his research, and he knows what he is looking for in a house. Today the expectation of a regular buyer is much more than what it used to be five to ten years ago. Several new projects have come up in areas such as

Madhapur, Chanda Nagar, Kompally, Gachibowli, Nallagandla, Narsingi, Kismathpur, Bachupally, Nizampet, and Khajaguda. All these projects have combined with great care design, innovation, and technology, and that is what makes them new age homes. It is about how the space is distributed all along, and it is about the design used for optimising space utilisation, proper lighting and ventilation. G Kiran Kumar,

principal architect, Aparna Consultants says, “In the layout plan, lot of importance is given to preferential spaces such as, home theatre, party lounge, bar space, kids play area, small working spaces and so on. The entry-exit for preferential spaces is also given equal importance. Accommodating servants in the house is a major challenge; this becomes easy in villas and a tough task in apartment buildings.”

HMDA finalises plan for Hyderabad Habitat Centre

MDA has finalized the concept plan for its Hyderabad Habitat Centre and sent it for approval of the municipal administration and urban development (MA&UD) department. The Hyderabad Habitat Centre (HHC) is being set up in about 12.5 acres at Izzatnagar, close to Hi-Tech City railway station, for promotion of heritage, art and culture on the lines of the India Habitat Centre in New Delhi. It would be an exclusive and permanent facility which can host events related to heritage, arts and culture. Since HICC and Hitex are located in the same area, the project would be a complementary facility.

Rs.134 crore, officials said. The habitat centre would have core facilities like a visual art gallery, sculpture courts, library and resource centre along with a learning centre for organising workshops, training, studio works etc.

Reddy, who was also HMDA board chairman, had in principle approved the project in October, 2013. The HMDA had then appointed Infrastructure Leasing and Financial Services (IL&FS) Ltd as project advisor to assist the authority in the development of the concept till commercial operations begin.

Former chief minister N Kiran Kumar

The project cost has been pegged at

Another proposed facility is Artiplex, wherein four to five theatres would be set up to host events round the year. An open air theatre and outdoor facilities including landscaped gardens, plazas etc. have also been proposed. There would also be office spaces, board rooms, conference halls, banquet halls and member facilities like guest accommodation, food courts, club house and indoor sports. Source: From newspapers & sites

HORIZONS AP’s most credible real estate magazine

Cover Story

Historic win of TDP in AP and TRS in Telangana and BJP at the centre have rekindled hopes and expectations amongst the builder developer fraternity of getting the much needed succor for the parched real estate industry, reports Jydip Mukherji

DP and TRS stormed to power with a bang in Andhra Pradesh and Telangana respectively. The TDPBJP alliance having won 106 of the 175 assembly seats in Andhra Pradesh took over the affairs of the state under the leadership on N Chandrababu Naidu as the chief minister. TRS riding on the Telangana sentiment bagged 63 of the 119 Assembly seats. TRS chief

K Chandrasekar Rao was sworn in as the chief minister of the new state of Telangana. Now that stable governments have been formed in the two states along with a strong BJP government at the centre headed by Narendra Modi as the new prime minister of India, the industry and the people at large have hailed the development. More so, the real estate

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industry which has been holding on with bated breath for normalcy and stability to return after a long drawn phase of unrest and uncertainty that prevailed in the markets have heaved a sigh of relief. They are pinning their hopes on the two state governments and the NDA led central government to take a pro-growth stance and ensure revival of the economy and industry.

Cover Story Significantly, the real estate industry is one of the major contributors to the state exchequer. Infrastructure being one of the most significant contributors to the economy plays a huge role in generating revenue. It also supports indirect employment through 250 ancillary industries, resulting in a large multiplier effect on the economy. The infrastructure sector (comprising of both construction and real estate) has been instrumental in curtailing unemployment rate being highly labour intensive, employing both skilled and non-skilled workers in huge numbers on a permanent basis. The sector provides a strong impetus to urbanisation and creates support for development in various other related industries, vis-Ă -vis IT/

ITeS, hospitality, tourism, healthcare, education as also other forms of social infrastructure. The members of APREDA and representatives of the builder developer fraternity hope that the new governments will be able to fulfill the expectations of the people of the country through their development agenda and stimulate job creation to ensure economic and political stability in the country. Therefore, the wish list of the developers is long but at the same time marked with air of optimism. They are expecting the two new state governments and the central government to take a host of measures to revive the market and boost confidence of customers and the investors as well.

On behalf of APREDA, I congratulate K Chandrasekar Rao garu and his party and N Chandrababu garu and his party for achieving a remarkable win. All these years we have gone through a dull and a dreary phase. Now finally the morning sunshine P Dasharath Reddy, President, APREDA assures in a new era of development. We hope that their policies will be business friendly and help ameliorate the real estate market. Only growth of industry with new investments flowing in will boost the economy of the region. Stable government and good governance will promote the employment scenario, economy and help the industry to embark upon a growth trajectory. Now good days are ahead and I wish all the sections of the industry too best of luck.

right of pursuing vocation of choice. Levy of stamp duty needs to be reduced to 2-3% as in South East Asian Countries. JnNURM has laid down guidelines to state government to bring down stamp duty cum registration charges within 4-5% of the market value. Some of the other areas that need to be addressed include creation of Master Plan for all cities and towns; Building/Layout plans needs to be approved on line; External developments to be provided to approved layouts on priority.â&#x20AC;?

At the state level land holdings should be considered as stock in trade and no ceiling placed on developers/builders. Agricultural Land Ceiling Act permits holding land only upto 56 acres to an individual/ family/ institution/ company. This is hampering development of real estate activity. Manufacturers can hold unlimited raw material stock to facilitate their activity where as we are asked to function with highly restricted stocks in contradiction to our fundamental

Responsibilities for regulations of Construction of buildings/ layouts needs to be handed over to Panchayats and Municipalities as envisaged in constitutional amendments (272, 273). Constitution has been amended in 1990 vide amendment 272 and 273 to transfer power for regulation of building activity to democratically elected bodies like Panchayats and Municipalities. The amendment also said that no other agencies other than Panchayats and Municipalities can deal with building construction as well as layouts. Institutions like HUDA, DTCP, GHMC, and HMDA are extra constitutional agencies in conflict with the constitutional amendment 272 and 273. Another area to be redressed is that the state government needs to facilitate land acquisition by developers/builders. As of now government is acquiring land only for infrastructure projects.

Narne Ranga Rao Col (Retd) Founder President, APREDA

But we would like the government to help us with land acquisition process for larger tracks of land for establishing satellite townships. We are ready to pay the compensation.

June-July 2014

Cover Story According infrastructure status to housing sector has been our long standing demand under Section 80-IA. Housing development companies are engaged in undertaking large scale urban development projects including purchasing raw land and developing it for the purpose of construction of houses, multistoried buildings, creation of infrastructure and social facilities. R Chalapathi Rao It is presumed that the activities Vice President, Naredco of these companies are already covered under the definition of ‘infrastructure facility’ but the position has become debatable as such activities are not covered by a specific clause. We, therefore, suggest the definition of ‘infrastructure facility’ under Section 80 1A of the Income-tax Act to include all more than ten acre integrated townships and group housing developments. This will enable housing activity to be treated as infrastructure and make the developer eligible for benefits under Section 80-IA of the Income-tax Act. Section 80 C allows a deduction of up to Rs. 1 lakh from annual income on consolidated payments or deposits specified in sub section (2) which interalia includes payments on purchase or construction of a residential house property through installment or part payments or repayment

of amount borrowed from govt. / Banks and stamp duty, registration fee and other expenses for the purpose of transfer. As sub section (2) caters to payments on account of numerous essential savings such as Pension, Provident Fund, etc, there is very little scope left to accommodate payments of principal amount borrowed for purchase or construction of a residential house. Therefore, the sealing of Rs. 1 lakh u/s 80C needs to be increased to Rs. 2 lakh and Rs. 1 lakh out of it needs to be exclusively reserved for payment of principal borrowed for the purchase of a house. Residential Construction needs to be taken out of Service Tax net. 12% service tax on residential construction, when government is providing all incentives to boost housing is a deterrent. This combined with rise in excise duty on cement and steel would raise the unit cost by about 4 to 5%. Residential construction, therefore, should be taken out of service tax net, or at least, the rate of service tax in case of ‘works contract service’ should be brought down from 4% to 2% under the Composition scheme by necessary amendment to Works contract (Composition Scheme for Payment of Service Tax) Rules 2007. Sale of property to NRIs to be given status of deemed export with 100% income tax exemption on the money thus earned in foreign exchange. Introduction of title insurance in respect of newly built properties to protect owner and lender against defects in title and title documents. In the event of a defect discovered in the title of the property, insurance company will compensate the owner.

The market has been stagnant for all these days. We hope revival of the market takes place now that the two new governments have taken over in Telangana and Andhra Pradesh. We hope that they will simplify the sanction procedures and cut down the red tape and take steps to boost the confidence of investors and end users. With the change of guards at Delhi too and a stable central government taking over, we expect positive results to come in. I hope the state M Vijaya Sai, governments of Secretary General, the two states APREDA create a system for obtaining speedy disposal of permissions and reduce the burden of permission charges. They need to do away with the practice of gifting of land freely to the government, create a level playing field for the local developers in the proposed new townships, allot land for development in different parts of the state to recognised associations by providing necessary infrastructure in these locations. And above all take steps for limitation of the litigation process to a specific period for all private and government lands.

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P Ravinder Rao, Secretary, APREDA

Cover Story

G. Chakradhar, President APREDA Visakhapatnam Chapter

On an optimistic note we feel that there is plenty of scope and need for development on all fronts in the truncated state of AP. The focus of the development here needs to follow a homogeneous pattern without being concentrated in any particular region. Industrial, Pharmaceutical, IT, Agriculture, Services sectors should be paid adequate attention to align with infrastructure and real estate development, and should be spread out across all the regions. We strongly believe and advocate for serious attention and due importance to the preservation and maintenance of the ecology. Our development model should be based on clean and clear administrative policies that foster development in a people friendly environment and act as a role model for any new state to be formed in future. I whole heartedly congratulate the citizens for having exercised their franchise to elect suitable leaders, who would work towards development of AP. I believe that as all the possible resources and amenities are available between Vijayawada and Guntur, services like water, land, road, electricity, and as the roadway connects Ananthapur to Srikakulam, this is the most suitable place for the capital with scope of greater expansion. As the anthropologists speak about the historical greatness of Guntur, this can be developed into a major tourism centre. Development of industries can create job Thirupathirao Gadde, opportunity for many here. The coastline available here paves the way for development of port. Our state can cater President, Builderâ&#x20AC;&#x2122;s Welfare Association, to many other states as the most developed state. I wish and pray that our infant state may become a matured unit Guntur providing opportunity for the people to live happily.

As envisaged in the election manifestoes of the elected governments A. Ramesh Babu, at the centre Secretary APREDA, and state we Visakhapatnam are pinning Chapter lot of hopes on their deliverables. Though we grieve with pain at the pangs of separation from our brethren of Telengana region, maybe we should make best from the opportunities emanating out of reorganisation of Andhra Pradesh into two parts. We are certainly looking forward to both the governments to share a common vision and participate in the development of the newly orphaned state of AP. The capital city wherever it is going to be constructed should reflect our culture and compassion to the entire world.

For Telangana we only need good governance, stable government with law and order in place. Taking the existing infrastructure of Hyderabad into consideration the city can act as a growth engine for the state. For A.P. Identification of the capital is the priority. In both Telangana and A.P. we need to focus on the tremendous potential of the tourism. At the moment it is only limited to pilgrimage tourism. Lot of historical sites and forest areas can be explored to harness the potential of tourism in Telangana. With the existing and creation of more multi specialty hospitals medical tourism is another area that can be explored in Telangana. In AP in view of the vast coast line we can develop beaches and water sports to attract even international traffic that will give a major boost to the domestic hospitality sector.

K Sreedhar Reddy, Chief Coordinator, APREDA

June-July 2014

Cover Story

New government should understand the core problems. MA&UD Secretary and the ministry needs to intimate a regular process of dialogue with the industry. When GHMC commissioner has a better repo with the public and is updated on all the affairs, citizens can have their issues sorted out expeditiously. Instead of introducing 100’s of policies they may introduce few of them and take it forward. When associations like APREDA are putting up their representations the authorities should revert back promptly as it

M Sridhar Rao, Advisory Committee Member, APREDA At the outset, the centre needs to accord much awaited industry/infrastructure status to real estate to facilitate funding and bring in concessions in taxation. Government must set up a singlewindow clearance system to cut delays in granting approvals for housing projects-this would go a long way in checking cost escalation. It must ensure that the average approval time comes down from the minimum 196 days, now, to 45-60 days. Delay in obtaining approvals often increases the cost of a housing project. Presently, developers are required to procure around 34 permits for undertaking a typical housing project-this is mindless red tape, which spawns corruption on a large scale.

is the voice of the industry. Amongst the many initiatives like Go Green, the administration needs to be a little more pro active and follow up as a part of an ongoing process. Hundreds of parks which are lying dry can be revived with greenry. If they involve citizens, builders, social organizations by forming committees we can create a green canopy in Hyderabad. It is time to plan and execute now. There are no proper shades and parks for pedestrians.

To restore normalcy and build confidence among the public and the industry that peace will prevail should be the top most priority of the Telangana government. Next agenda should be to give certain relaxations on the various problems confronted by the builder/developer fraternity. The government needs to put a control on the unrealistic real estate booms. They need to put a check on the rising prices of building material including cement and steel. Sanctions need to be done speedily and occupancy certificates released expeditiously. Now we have a strange situation that the government rates/values are more than the actual land values. Therefore, the government needs to take this anomaly into consideration and put a stop to frequent increase in land values and registration charges.

G Hari Babu, Advisory Committee Member, APREDA

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Kurra Srinath,

Coordinator, APREDA

C Prabhakar Rao, Advocate, Chief Legal Advisor, APREDA and President AP Builders’ Federation

Rationalise the fees and taxes, encourage single window clearance, work towards clear land titles, where by the revenue department needs to declare clear titles with all the names of owners and coowners in the title book with the survey maps. Developer approaches government, UDA’s, revenue department, Gram Panchayat and the Pattadars of the land. Everybody collects necessary fees and give their approval. The Pattadar collects fees and registers the land. Still the title of the land is a big question mark. Therefore, the government needs to take necessary steps to declare perfect title of the every land.

Cover Story I expect the Telangana Government to liberalise the policies and fee structures and bring in a conducive building bye-laws regime. The building bye-laws G.O.Ms.No.86, which has been amended and replaced by G.O.Ms. No.168, creates discomfiture and delays towards obtaining speedy sanction. In the G.O.Ms. No.168, a clause like securing civil aviation NOC for every structure causes bureaucratic

Kali Prasad Damera, Governing Council Member, APREDA In the last few years the Telangana agitation although a peaceful one has sent wrong signals to the investors and home buyers. The buyers are holding their purchases, hoping that the rates will fall as in 2007. But now the scenario is quite different. Hyderabad real estate is the cheapest even when compared to II tier and III tier cities like Nagpur, Jaipur, Pune, and Bhubaneswar etc. For the two new states of Telangana and AP, the new governments should send right signals to the reality sector, by taking proactive decisions like reducing the tax burden on customers so that this sector flourishes. Hyderabad having an excellent infrastructure in place and with a new, stable and proactive government, I think sky is the limit.

delays. As per the earlier G.O.Ms.No.86, if another building within the 500 meters vicinity has already obtained aviation clearance NOC then the builder was not required to obtain the airport clearance once again. Huge impact fee on commercial space at the rate of Rs.400 per sq ft in areas like Banjara Hills and Jubilee Hills is exorbitant and needs to be brought down.

Between the two governments, Telangana is already developed in terms of policies as compared to the rest of the country and enjoys an upper edge. But they need to develop systems for fast track implementation of the sanctioning procedures for approvals and occupancy. While they speedup the approval process they also need to be stern in terms of restricting deviations. This will go a long way in restoring customer confidence. If the government is following nice guidelines which act as a role model for the rest of the country, investors follow suite seeing government in a proactive mode. Some of the other states are marketing themselves as idle destinations of investment. The Telangana government can promote itself in the country to look at Hyderabad as a stable investment destination with visible standard growth. As far as AP they need to put their systems in place and standardise their In spite of the fact that the real estate industry is such a key sector, it has not been given due attention from successive governments over the years. During the just concluded general elections every party spoke about providing affordable housing, but it will remain a utopia unless drastic steps are taken to remove the bottlenecks in the form of multiple permissions from diverse agencies needed for obtaining approvals and occupancy. Speedy implementation of a single platform for builders and promoters, wherein one can apply for all the required clearances together would make affordable housing for all a reality. The industry expects the approval and implementation of the pending Real Estate Regulatory Bill. A host of exorbitant charges, fees, stamp duty and taxes, besides escalating construction costs need to be tackled by the government to enable the industry to recoup from the setback and enable affordable housing a reality. Sustained infrastructure development initiatives

B Subba Reddy, Advisory Committee Member, APREDA

P Gopi Krishna, Governing Council Member, APREDA processes. Any real estate to prosper is based on projecting growth. Once growth happens automatically demand increases and supply also increases in tandem. within and in the periphery of urban areas would enable comprehensive development of real estate activity. Zeroing down on the capital of AP and its development is one of the biggest challenges confronted by the state government. Identification and development of growth nodes across the two states will usher in a uniform pattern of growth, help decongest cities like Hyderabad and allow development of well planned cities like Chandigarh, Jamshedpur and Gandhinagar in the region. Investor-friendly, streamlined policies can be a game-changer for real estate. The members of APREDA and representatives of the builder developer fraternity hope that the two new state governments and the centre would take remedial measures on a war footing to stream line policies and procedures that would not only boost the real estate industry but have a multiplier effect on other industries too, thereby boosting employment generation and adding to the economic prosperity of Telangana and Andhra Pradesh. jydip.mukherji@gmail.com June-July 2014

Special Report

Ways to make

housing

affordable

The sun shining over the horizon, clouds dotted with birds, a river flowing by quietly, and a pretty garden abutting a small house. This is how most children are primed to imagine their dream home. However, the complex world of real estate is dogged

by a host of bottlenecks and irrational levy of fees and taxes that a builder is compelled to pay at every stage. These unending charges coupled with escalating price of land, building material and construction costs have made affordable housing for the home buyer a dream.

HORIZONS APâ&#x20AC;&#x2122;s most credible real estate magazine

R Ashok Swaminathan and Jydip Mukherji bring you the long list of bottlenecks and irrational charges confronting the builders today, making affordable housing for millions an elusive dream

Letâ&#x20AC;&#x2122;s take a look at the long list of woes that the builder has to go through making affordable housing for the home buyer a far cry. Unless drastic steps are taken by the two state governments and the central government, housing for all can never become a reality.

Special Report

NALA K Gopala Krishna, treasurer APREDA: Earlier NALA charge was minimal at the rate of Re.1 or 2 per sq. mtr. In 2006, NALA Act was amended. It was increased to 10% of the market value of land per acre. The revenue department’s contention was that the land under their department is being allowed to be converted from agricultural to nonagricultural. So, one has to pay 10% of the land cost. They said all agricultural land falls under the purview of revenue department and to undertake any kind of activity other than agriculture, the land needs to be converted to non-agricultural while specifying the nature of activity to be taken up like industry/residential or any other services and pay the necessary conversion charges. Earlier a nominal NALA charge was collected only on the land outside the periphery of HMDA/UDA’s. However, from 2006 onwards the revenue department started collecting land conversion charges both within and outside HMDA/UDA areas; even if the land is earmarked as residential/ industrial under the UDA. The developers

have to take necessary revenue department conversion permissions. Then after several representations in 2011, as per the new G.O. released it was reduced to 5% of the market value within the GHMC area, while making it 9% on the Panchayat land under HMDA area. Now HMDA/MAUD department is already collecting charges per sq. mtr for land use at the time of conversion from agricultural to non-agricultural land. Why should we then pay such high charges once again towards NALA? HMDA has earmarked most of the land in conservation zone. In such cases the developer has to go to government with the recommendation of HMDA

Seigniorage B Sunil Chandra Reddy, Executive Vice President 2, APREDA: Initially from 1985 since the construction activity started till 2005 there were no Seigniorage charges. Suddenly, Seigniorage department started issuing notices for payment of charges. It is being levied on earth excavated for creating cellar parking spaces, apart from this they are asking for Seigniorage to be paid on minor minerals like metal, sand and bricks used in construction on the plea that the material is brought from outside the construction site. Inspite of most of the developers using ready mix concrete (RMC) and purchasing the material from registered suppliers who provide way bills (royalty paid), the government still insists on payment of Seigniorage on a very

arbitrary criteria of calculation adopted by them. Again why pay royalty in the form of Seigniorage charges for construction of cellar. Please note that GHMC and HMDA do not charges any fees on areas provided for parking. As per recent High Court judgment for undertaking construction in your own land, filling of land using extra soil incurs no Seigniorage charges. Charges are to be levied only when you are removing soil from the site and selling it outside (as a business). Therefore we have requested the government to impose a flat rate of Rs.3/- per sq ft of constructed/saleable area which will be win-win situation for the developer and the government but it is yet to be implemented.

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for conversion of land into residential zone and pay necessary conversion and betterment charges to obtain the G.O. for conversion. After doing this entire exercise of obtaining conversion G.O. from state government once again the developer is asked to go to revenue department to convert the land from agricultural to nonagricultural. This implies for the same subject two departments are exercising their rights. Taking all these anomalies into consideration industry associations have represented to the government to delink the charges from the market value of the land. We are asking them to collect flat charges per sq. mtr or to reduce it to a level of 1%.

Rationalisation of Building Permit Fee G Hari Babu, Advisory Committee Member, APREDA: The state government is imposing a number of rates and taxes viz Registration charges 6% and NALA charges - 9%. If land in the Master Plan falls in the zone other than residential we have to go for conversion of the land and pay at the rate of 4 to 5 lakh rupees per acre charged by MAUD for conversion. After paying all these charges again 7½% of the market value of 5% plotted area has to be paid which is not existing anywhere in India other than our state. A processing charge of Rs.20 per sq. mtr is levied on land conversion besides development charge has to be paid to the UDA at the rate of Rs.2½ lakhs per acre. In addition the developer has to pay external development charges wherever the land falls under HADA area. To top it all after remitting all these charges we have to mortgage 15% of the plotted area as security for developing the roads and amenities. At the time of mortgage and also the release of mortgage, the sub-registrar is collecting the registration fees. After this HMDA/

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Special Report

Release of Mortgage

UDA issue the layout to the concerned Gram Panchayat (not to the developer) asking them to collect their fees and issue the layout to the developer. The developer has to once again pay necessary fees to Gram Panchayat to obtain the layout. Moreover the long time taken to obtain all the permissions from various departments sometimes runs into years and burdens the developer furthermore. Therefore the amount of money spent to obtain the permissions and pay huge fees at various ends is a big impediment to the real estate industry and need to be rationalised.

Advocate C Prabhakar Rao, chief legal advisor, APREDA: 20% of the built-up area has to be mortgaged as per the G.O.Ms.No.86 released in 2006. On representations from builders government reduced it to 10% from 20% by amending GO. MS NO 86. Subsequently, 10% of the area of the project is earmarked in either ground, first or second floor only for mortgage. Initially we were giving affidavit saying that landlord lord and builder are agreeing for mortgage. It was to be submitted in the sub-registrar’s office and the mortgage area entered in the prohibitory register of the sub-registrar. Once the building is completed as per stipulations laid down in the building bylaws without any deviation and violation, the mortgage would be released. Generally, the builder enters into an agreement with land owner on development basis and no land owner will permit mortgage of the share allotted to him. Therefore it has to be out of the builder’s share of the built-up area. In

Value Added Tax (VAT) Soham Modi, member APREDA: VAT can be levied only on goods and service tax on the services rendered. Supreme Court after review of the Raheja case by a larger bench has upheld that construction activity of making flats and houses has both element of goods and services. Earlier VAT was payable under composition scheme at the rate of 1% of composite value of land and construction cost. Advance ruling was issued by commercial tax department in Maytas case confirming 1% composition payable. The commercial tax department has mischievously deleted one clause in the act making it ambiguous. Now the department is asking for tax at the rate of 1%/1.25% on the value of sale deed and 4%/5% on agreement of construction. Clarity is required from government on this payment by issue of G.O. by the state government confirming payment at the rate of 1.25% on the entire cost of sale deed plus agreement of construction.

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G.O.Ms.No.86, the government has fixed certain parameters for release of mortgage. Only on satisfaction of these conditions they are supposed to release the mortgage. Now unless the building is completed in all respects and occupancy certificate issued they are not releasing the mortgage. Again G.O.Ms.No.168 has been brought in 2008/2009 amending the G.O.Ms.No.86. There again the parameter for release of mortgage is same. Our contention is not to linkup release of mortgage with occupancy certificate and hold on to it. Once the stipulated conditions have been met with we request the concerned authorities to release the mortgage holding on to the premise that the construction of the building as per stipulated conditions is an irreversible process and the developer needs to be given benefit and the mortgage released. It would enable the developer to get the much needed liquidity on investment made in the project.

Special Report Facility for payment of building permit fees in installments Mitesh Kulkarni, Secretary 5, APREDA: The impact fees which is presently above 15 Mtrs (5 floors) should be charged above 45 Mtrs (15 floors). The rational vertical growth with high rises is good rather than horizontal expansion which disturbs the ecology of the city. Therefore the impact fees needs to be rationalised and brought down by at least 50%. Even for the payment of impact fees they should allow deferred payment spread over three years. The Government already had a scheme wherein a builder could pay the entire development fees in 6 instalments spread over 3 years. If the same scheme is reintroduced, it would give a fillip to the business and encourage builders to take up more development works.

Bringing all sanctions under Green Channel/Time bound clearance of building plans Soham Modi, member APREDA: According to the concept of Green Chanel the applicant is presumed to be correctly following the bye-laws and the process of sanctions is interrupted incase a discrepancy is found. In the conventional scheme the applicant has to reasonably prove that all rules are reasonably followed and the title is clear at each point. Here the application is processed serially for each aspect of the rule like title, plans, NOC from fire department, environment clearance, water feasibility report and structural stability. In the present case the file indefinitely waits till clearance is obtained from all such departments. In my view instead of Green Channel it may be better to just approve the plans and other clearances can be made conditions for release of plans. Processing of plan must be time bound and completed in two to three weeks. Building committee must meet fortnightly and publish minutes the same day.

Stamp Duty on registration of Development Agreement-cumGPA (DGPA) Charges R Chalapathi Rao, Vice President, Naredco: The commissioner and Inspector general of Registration and stamps has taken up the long overdue issue of rationalisation of Stamp Duty on various instruments with the twin objectives of “bringing maximum transactions on record” and “optimising the revenue to Govt.” But there is lack of clarity in respect of stamp duty chargeable on Development Agreement-cum-General Power of Attorney (DGPA). The registration Act provides for imposition of Stamp Duty either (a) on the land value and construction made or (b) on the value of the construction to be made, whichever is greater. There is no provision to charge on both. The G.O.Ms.No.581 dated 30.11.2013 has fixed stamp duty on DGPA as 1% and this supersedes all the previous orders in this regard. But the sub-registrars are collecting stamp duty on both (a) & (b) quoting some G.O.s issued earlier which are illegal as per the Act. The department needs to issue instructions to field officers directing them to collect 1% stamp duty on DGPA as per the act i.e. either on the land value or the value of proposed construction whichever is higher.

Market Value of Agricultural Lands ‘Fit for Housing’ R Chalapathi Rao, Vice President, Naredco: The registration department vide a memo in 2010 instructed field offices to include certain Agricultural Lands in the new category “Agricultural Land Fir for House Sites”. Vide minutes of meetings held in 2010 it was instructed to fix Market Value of Agricultural Land ‘Fit for Housing’ by multiplying sq. yard value with 4,840 sq. yard rate and 50% of the total value has to be taken as value of that land per acre. However some of the market value committees have committed errors. a) The full sq. yard rate was fixed for this category by multiplying the sq. yard

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rate with 4,840 sq. yards b) entire villages/municipalities are classified as ‘Agricultural Land Fit for Housing’ even though agricultural activity is taking place in many survey numbers. Based on APREDA representations broad guidelines were issued to the market value revision committees to propose appropriate agricultural land value for survey numbers if agricultural activity is continuing in municipal areas and municipal corporations. It said ‘to identify the survey numbers where agricultural activity is continuing on large scale and then only to propose appropriate agricultural value for those survey numbers as identified by the district registrars / deputy inspectors general concerned in municipal areas and corporations.’ APREDA represented that for Agricultural Land Fit for Housing only 25% of the sq. yard rate fixed for approved/developed plots in completed lay-out (ready for house construction) be applied in place of 50% value as done by the department. Now Commissioner and Inspector General of Registration and stamps vide a letter dated 21.04.2014 has given clear instructions to all the field offices to rectify the anomalies wherever 50% of the Sq. yard value was not taken as basis. The commissioner has assured APREDA that necessary guidelines will be issued to the respective committees in the ensuing revision ‘For adoption of 25% of Sq. yard value for the lands fit for house sites’.

Special Report Incentives for Certified Green Buildings M Vijaya Sai, Secretary General, APREDA: Compared to the cost of construction of a normal building the cost of construction of Green Building is about 8-10% extra. In green buildings we focus on energy saving, water conservation, use of waste material. There needs to be support from the government to reduce this additional cost of construction. These buildings will reduce impact on the eco system and are environment friendly. Government should wave impact fee and extend 50% concession in development charges to green buildings certified by IGBC.

Incentives for using solar power and solar hot water systems

s u bscr i be

M Vijaya Sai, Secretary General, APREDA: Installation of Photo Voltaic cells for generating solar power and solar hot water systems will add on to the investment cost of the developer. To encourage more and more developers to provide these vital items of energy conservation government should give concessions in building permit fees to the developer. Then only most of the developers will be encouraged to install them. This should be in addition to giving concessions in property tax to the residents for using such systems. Government should also provide interest free loans and subsidy to only developer to procure these systems. This will end up into a mass moment and there will be huge reduction in conventional power consumption in all the projects. Government should also encourage the existing projects to install these items so that the power saved can be effectively used for agricultural and industrial sector. The real estate industry is saddled with numerous charges including land

conversion, Nalla, Seigniorage, Building permission, Impact fees, VAT, Service tax, Stamp duty, Registration fees, Income tax etc resulting in price increase of constructed area, due to which, ultimately the lower middle class and lower class is suffering. Homebuyers are the most important stakeholders in the sector. In the last few years spiraling costs of building material, construction costs, increased land prices and rising lending rates have added to the woes of the builder severely affecting the homebuyer to even think of having their house. Many overseas investment projects have so far abstained from the regionâ&#x20AC;&#x2122;s real estate market because of the lack of regulation, political instability and bureaucratic quagmire. The new governments at the centre and the states now have the opportunity of making the real estate industry more investmentfriendly, attractive, devoid of bottlenecks and irritants that would go a long way in giving the much needed relief to the home buyer. Rationalisation of various fees and taxes would help in bringing vibrancy to the market much to the delight of buyers as well as developers. ashok@modibuilder.com jydip.mukherji@gmail.com

I want to subscribe to APREDA Horizons for 6 issues. For 1 year subscription I enclose a cheque / DD of Rs 200 or have made an online payment in APREDA Horizons, Andhra Bank, Srinagar Colony Branch, A/C No:054311100001927. Mr/Ms ______________________________________Address______________________________________________ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _City_ _ _ _ _ _ _ _ _ _ _ __ _ _ _ State_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _PIN_ _ _ _ _ _ _ _ _ _ _ _ Phone____________________________Email__________________________________________________________ D.D/ChequeNo_____________________Bank__________________________________________________________ /Date of online payment:_________________________________From my bank A/c no:___ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ________ From my bank name & branch:___________________________________________Signature:___________________ Cheque/D.D should be in favor of: AP Real Estate Developers Association (No cash accepted). Date :______________________

APREDA Horizons, AP Real Estate Developers Association,

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

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In-Focus

Major breakthrough for APREDA

APREDA takes a leap forward on securing exemption of stamp duty on gift deeds made to local bodies and fixation of market value of agricultural land fit for housing

A team of APREDA members led by R Chalapathi Rao have achieved success in securing complete exemption of stamp duty on gift deeds executed in favour of Panchayats, municipalities and other local bodies. Another major success has been achieved on fixation of market value for agricultural land fit for housing. This has been made possible by unrelenting and dedicated efforts of APREDA over the last few months. As per Memo no S1/11217/2010 dated 16.04.2014 government issued a clarification confirming the exemption of stamp duty on gift deeds executed in favour of Panchayats, Zilla Parishad’s, municipalities and MCH wide GO MS NO 1858 dated 24.10.1961 and Go MS no 536 dated 14.06.1971. These G.O.s will continue to be in force and hence no stamp duty and transfer duty is leviable on gift deeds to Panchayats, Zilla Parishad’s and Municipalities conveying roads and open spaces etc. Government vide memo no MV6/12658/2012 dated 21.04.2014 has issued following instructions for strict

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compliance. (i)Verify the data of the market value guidelines at each SRO, identify lands fixed with 04 value (Agriculture land fit for House Site) and ensure whether norms as prescribed were followed for identifying the same and whether 50% square yard value was taken as criteria or not. (ii) If 50% of square yard value was not taken as basis, steps may be taken to rectify the same through anomalies rectification committee. Government also assured APREDA vide letter no MV6/12658/2012 that ‘necessary instructions were issued to the field officers for rectification of anomaly if any in fixation of market value (maximum of 50% Sq. yard rate) for lands fit for house sites. Regarding adoption of 25% of square yard value for the lands fit for house sites, necessary guidelines will be issued to the respective committee in the ensuing revision. The breakthrough has boosted the morale of the builder developer fraternity in the otherwise sagging real estate market and rekindled hopes that the two new state governments that have just taken over will take steps on war footing to mitigate the other long standing discomfort zones of the real estate industry.

Arch Talk

City’s Evolving Facades A

rchie Talk is an initiative to create a dialogue on the evolution of facades, featuring an architect, who talks about the ongoing trends with reference to their work. It is an endeavor to create a platform for exchange of ideas and participate in this process of evolution to enrich our learnings and replicate interesting practices in our own style to exuberate the cityscape. To begin with we present Ar.Narasimham Vadlamani V.L, a practicing architect, landscape architect and ecological planner, founder and principal consultant of ‘Narsimham Associates’ based at Hyderabad in practice since 1992. He has beautified the cityscape with some of the much talked about masterpieces of Hyderabad including Shilpaaramam-Crafts Village, Alankrita resorts, Whisper Valley Housing, Public Gardens and Satyam Software Technology Centre. He dwells into the ongoing trends and presents some of his works to substantiate the evolving facades. SECTION - I Looking at the present scenario of architectural development in terms of residential villas in Hyderabad one encounters interesting discoveries. There are new trends in spatial planning, evolving facades with climatic and geomorphological influences. The materials and technologies being used are becoming more speed oriented rather than the earlier skill oriented slower local alternatives and technologies. In comparison with the global trends, the residential architectural styles here are

Old traditional building with intricate ornamentation in a certain climatic zone.

Old traditional building with intricate detailing in a different climatic zone.

Modern building built with speed and least detailing out of reusing waste.

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Ar. Narasimham Vadlamani.V.L, Chairman, The Indian Institute of Architects, AP Chapter presents some interesting nuances on the evolving building facades of today.

resulting into complex manifestations of form, color and style. The flow of spaces in present residential building plans show more openness with less barrier walls in the middle. Different activities being conceived smartly at different levels such as, parking, service areas into the cellars, whereas kitchen, dining, utilities stick to ground floor while the private passive spaces with gardens, bedrooms happening on the first and the private active spaces like gym, home theatre, party areas, terrace gardens taking shape on the second floor.

Transparent building with flow of spaces horizontally and vertically with more openness.

Arch Talk

The facades are becoming more complex in urban agglomerations with mixture of modernism, vernacular and classical styles. Materials like glass, brick and stone are being used confusedly to emerge as a hotchpotch nuevo rich Indian architectural style. Capturing of beautiful views of lakes and rock boulders around the undulating terrain of Hyderabad is also being realised in the recent developments. The new materials that are being used such as glass, stone and other cladding steel, aluminum talks about the advent of new fancy cosmetic architecture. It is a departure from the earlier robust heavy stone walls, flexible wooden openings such as doors and windows and the very cool red mud terracotta roof tile imageries. The earlier style of vernacular traditional residences having courtyards is also found missing in the present buildings. It is being realised now to bring back these micro climate controlling courtyards into the new modern jargon. Finally, the image and style of buildings especially play an important role in codifying a particular building typology in its iconography.

Complex facades with mix of all styles among todayâ&#x20AC;&#x2122;s prevailing facades

SECTION â&#x20AC;&#x201C; II Project: KRR, Hyderabad. This villa was built as a part of a farm of about 4 acre site on a plain land at east of Hyderabad. This villa had to be different from regular mundane urban match box villa architecture. Thus it was conceived as a refuge with typical traditional vernacular rural villa architecture style with sloped terracotta tiles roof and an intermediate verandah. The villa was conceived to have a natural transition of spaces from public exterior garden space to semi enclosed public verandah recreation space to private living interior spaces. The structure was conceived to be a very compact one bedroom villa with a multipurpose hall and kitchenette. The materials and technology used were of basic stone foundation with peripheral RCC columns with MS pipe battens and rafters combination roof construction. Close by village country clay tiles were used for roofing to make it look more vernacular and give cooling inside the building. There is a constant dialogue between the nature around and the villa perse with the flow of air, views and spaces. The materials used were natural brick walls, terracotta tiles roofing, wooden pillars for verandah and natural polished stone for the flooring. It evolved as a natural vernacular rural home for the client as a retreat for his weekend holiday home away from his regular mundane urban home.

June-July 2014

Arch Talk

Project: SBR, Hyderabad This residence is built on a 600 sq. yard site in Jubilee Hills, Hyderabad. This villa had to be designed in different levels on a higher elevation of site with city views available around. This building had to be very minimalistic in its architectural expression with simple straight modern jargon. It has been designed very compactly to accommodate a small office at ground floor with the residence on ground and first floors. This second floor image attached shows two halls with powder rooms for the family entertainment purpose on the terrace. The verandah receives the lift and the staircase and thus it connects these indoor rooms and the roof garden in front. The pebbled paving material used for flooring evokes the feel of dry stream in the landscape. The large doors and windows are made of wood with clear glass for better views around. The sloping roof with red terracotta tiles evokes the image of an old vernacular house of south India. The railings around were made of clear glass for having uninterrupted view of the surroundings. The plants, natural lawn were preplanned with a structural sunken slab on the terrace with a beautiful birdbath lotus pond presence. The roof top area had to accommodate good garden area which was missing otherwise with a traditional looking vernacular styled pent house. It has two interior halls with verandah connecting the terrace garden. Project: JSR Hyderabad. This villa was conceived on a very tight site area of 300 Sq meters in the midst of Hyderabad city. This villa had to accommodate all services, parking, maid quarters on the stilt floor with automation. The first floor has an elevated garden connecting the public indoor living, dining, bedrooms, home utilities etc. The second floor had the private master, childrenâ&#x20AC;&#x2122;s bedrooms and home theatre with gymnasium and terrace gardens on the third floor. It has been well connected

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Arch Talk

by lift with overlooking views, different staircases for security purposes. The beauty of the planning was that all the parking, services rooms, maid quarters were contained at ground stilt level. The above first floor becomes the ground floor for the villa with part public zone for visitors. The rest ground floor consists of double height living cum dining hall with one bed room and kitchen with utilities. There is a separate stair for maid to the kitchen. The main master bed with childrenâ&#x20AC;&#x2122;s bed is planned on first floor with a home theatre. The second floor had been designed with a multipurpose hall with powder rooms with a huge terrace garden. The materials used are glass on the east and north sides of building facades with double wall on south and west facades for best climatic comforts inside the villa to reduce overall air conditioning. The style had to be of a grand modern villa with ornamental cornice edges on top for grandeourness. Project: NFDB, Hyderabad. This project is the National Fisheries corporate office building executed

as a fish image on 5 acre land at Hyderabad by the CPWD. It consists of their main corporate office, directorâ&#x20AC;&#x2122;s bungalow and their senior and junior staff residential apartments. A part of the land parcel in the campus is left for the incremental growth of their future building requirement.

This project site planning design exercise had to accommodate all their buildings on the given undulating site terrain keeping in view their future incremental growth requirements. This project with Fish building standing on the ground with water around was conceived as though it was floating. The Fish building landscape was conceived in the given site as though it creates ripples around like in its aquatic living conditions. The rippled terraces as a nuance of rippled water forms as the terraced lawns and flower beds around with gently sloped driveways and pathways. The overall site landscape design evokes a sense of aquatic nuances in every detail of the project. The Fish building shape and finish was made through extensive usage of steel and aluminum composite panels cladding over a RCC structure to achieve the desired shape. The overall design image was a nuance of a fish in the given landscape of the campus. The shape created few corners no doubt in the interior spaces which are being put to proper utility. The maintenance aspects were also conceived as very important and detrimental to its finished materialâ&#x20AC;&#x2122;s life and longevity. This structure had been identified as a unique building creation among the recently built world architecture wonders.

hamvvl@gmail.com www.narsimhamassociates.com

June-July 2014

Happenings

Heritage Awards for six monuments

Another feather in the cap of APREDA

argah Shah Raju, Misri Gunj, Air Force Station, D Begumpet, Daira Mir Momin, Sultan Shahi, Keyes High School for Girls, Secunderabad, Mehdi Manzil,

ine star-turned-politician and former president of APREDA Maganti Murali Mohan has won from Rajahmundry Lok Sabha constituency on a TDP ticket in the recently concluded 2014 general elections. Jupally Krishna Rao member APREDA and a former minister in the Congress governments secured the Kollapur Assembly constituency in Mahbubnagar district on TRS ticket for the fifthe consecutive term. Members of APREDA share this ecstatic moment to congratulate them and wish great success in their new endeavour.

Banjara Hills and the State department of Archaeology and Museums, Gunfoundry are the recipients of the prestigious Indian National Trust for Art and Cultural Heritage (INTACH) Heritage Awards this year. The representatives of respective organisations received the awards recently from the chief guest, Murat Omeroglu, Consul General of Turkey, in Hyderabad. Addressing the gathering on the occasion, Sajjad Shahid, co-convenor, INTACH, said it was becoming difficult to save the monuments due to government apathy.

Glimpses of APREDA Vizagâ&#x20AC;&#x2122;s trip to South Africa

Course on Real Estate Management concludes

ppreciating the dire need of trained manpower to market A the product of real estate developers, NAREDCO conducts a course in Real Estate Management to equip the marketing

staff of developers, real estate agents, sales persons, direct sale and home loan agents associated with housing finance institutions and banks with necessary knowledge through class room instructions since the year 2000. The Certificate Course on Real Estate Management has emerged as flagship activity of NAREDCO since then. The course has a formal recognition from Guru Gobind Singh Indraprastha University (GGSIPU), New Delhi. NAREDCO organised the 35th Course, jointly once again with its technical partner Human Settlement Management Institute recently at HSMI, New Delhi. During the inaugural session the course was flagged off by Brig (Retd) R R Singh, Director General, NAREDCO in the presence of Shri A N Krishnamurthy, Executive Director (Trg), HSMI

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APREDA Diary

Memorable Moments at the Monthly Meetings Glimpses of AGM held at pragati resorts in March, 2014

P Dasharath Reddy, President, APREDA addressing the AGM, 2014

Members on a tour of Pragati Green Meadows and Resorts Ltd, guided by event host Dr. G B K Rao, CMD, preceding the AGM

Glimpses of APRIL 2014 Monthly Meeting

A view of the members in the midst of meeting

R Chalpathi Rao, Executive VP presenting bouquet to Sri K N S Padmaji Rao, CMD, Land India Developers NAREDCO meet

Members in a leisure mood amidst the serene green surroundings of Pragati Resort before the AGM

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A.P. Annual General Body Meeting held in April, 2014

Pulse

Pulse Monthly Real Estate Monitor May 2014

Hyderabad

Back to top Demand remained stable in Hyderabad in April. Hitec City continued to witness most of the leasing activity. Major transactions: • Adapt TV, Symphony and Cognizant leased space at Hitec City

OFFICE Demand RV

Vacancy CV

Demand continued to remain stable on high streets and malls of Hyderabad in April. Major transactions: • Maxl leased space at Tirumulgiri • Bare started their first exclusive store in India at Nagarjuna Circle

RETAIL Demand

Vacancy

RESIDENTIAL Demand RV

Launches CV

Residential sales remained subdued in April. New launches in both apartments and villas were slow over the month. Key launches: • Serene Mak at Srisailam Highway by Mak Projects. This is a senior living apartment project • Pranav Antilia a plotted development by Praneeth Group at Bachupally.

Policy/ Infrastructure

The shipment of first metro train with three cars been sent out by Hyundai– Rotem Factory Changwon Korea in April. This is likely to reach Hyderabad in the end of May. This is will be run on the track from Nagole to Mettuguda for trial run in June before starting the commercial operations.

Key Precincts

Rental Value (INR per sq ft per month)

Capital Value (INR per sq ft)

Begumpet

45–55

4,500–6,500

Banjara Hills

50–60

4,500–7,500

Hitec City

36–42

4,000–5,200

Gachibowli

36–40

4,000–5,000

Uppal

25–35

3,000–4,000

Key Precincts

Rental Value (INR per sq ft per month)

Capital Value (INR per sq ft)

Banjara Hills

100–130

10,000–13,000

Jubilee Hills

110–140

11,000–14,000

Secunderabad

80–100

8,000–10,000

Hitec City

100–130

10,000–13,000

Kukatpally

100–120

10,000–12,000

Dilsukhnagar

100–120

10,000–12,000

Key Precincts

Rental Value (INR per month for a 1,000 sq ft 2BHK apartment)

Capital Value (INR per sq ft)

Banjara Hills

20,000–25,000

7,500–14,000

Begumpet

12,000–16,000

4,000–5,500

Kondapur

8,000–16,000

3,200–5,000

Gachibowli

8,000-16,000

3,500-4,200

Tellapur

6,000–12,000

2,800–3,500

Kukatpally

7,000–10,000

3,500–3,800

Miyapur

5,000–8,000

2,400–3,500

Complied by

Trivita Roy, Assistant Vice President, Research and REIS, Jones Lang LaSalle India, trivita.roy@ap.jll.com Demand/Vacancy Rental Value (RV) / Capital Values (CV)

Increasing

Moderate Increase

Stable

Moderate Fall

Falling

December 2013 June-July - January 2014

Auspicious Days

June 2014 Date

Day

Time

Nakshatra

Monday

06:03 to 28:51+

Pushya

Sunday

05:44 to 29:44+

Hasta, Chitra

Monday

05:44 to 17:10

Chitra

Monday

20:38 to 29:45+

Shravana, Dhanishtha

Wednesday

05:45 to 15:06

Shatabhisha

Thursday

05:46 to 10:57

Rohini

Sunday

17:35 to 29:48+

Pushya

Monday

05:48 to 11:50

Pushya

July 2014

Auspicious days

Date

Day

Time

Nakshatra

Monday

06:22 to 26:49+

Swati

Monday

09:18 to 29:42+

Shravana, Dhanishtha

Friday

20:06 to 27:31+

Revati

Humour Corner

Interviewer: What is Recession? Candidate: When "Wine & Women" get replaced by "Water & Wife", that critical phase of life is called Recession!

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Market Monitor

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

Central Zone

North Zone Locality

PriceRange (Rs/Sq ft)

Alwal Bowenpally Kompally Malkajgiri

2000 – 2600 2200 – 2800 2300 – 2600 2000 – 2400

Price Range (Rs/Sq Yd) 18000 - 32000 25200 - 34200 13500 - 27000 22500 - 31500

East Zone Locality

PriceRange (Rs/Sq ft)

AS Rao Nagar Bandlaguda Dilsukhnagar L.B. Nagar Sainikpuri Saket Uppal

2000 – 2400 2100 - 2400 2800 - 3400 2300 - 2700 2100 –3000 3200 – 3500 2,072-2800

Price Range (Rs/Sq Yd) 14400 - 26100 13500 – 22500 34200 – 58500 18000 – 22500 10800 - 19800 14000 - 18000 10800 - 19800

South Zone Locality

PriceRange (Rs/Sq ft)

Appa junction Attapur Hyderguda Rajendra Nagar Shadnagar Shamshabad

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

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

Locality

PriceRange (Rs/Sq Ft)

Price Range (Rs/Sq Yd)

Ameerpet

3600 – 4100

31500 – 46800

Sanatnagar

3500 – 4500

30600 - 49500

Himayatnagar

4500 – 6000

45000 - 63000

Jubilee Hills

5500 - 7500

43200 - 54000

Mehdipatnam

3500 – 4500

40500 - 58500

Padamrao Nagar

2400 - 4500

22500 - 34200

S R Nagar

4200 - 4500

27000 - 45000

Somajiguda

3200 – 4000

36000 - 49500

Srinagar Colony

4500 - 5000

33000 - 36000

West Zone Locality

PriceRange (Rs/Sq ft)

Bachupally Chanda Nagar Hitech City Hyder Nagar KPHB Colony Madhapur Madinaguda Manikonda Moti Nagar Nizampet Pragati Nagar

2000 -2400 2700 - 3100 3900 – 5000 3200 - 3500 3200 – 3600 3000 - 4000 2300 – 2500 2500 - 3000 2200 - 2400 2700 – 3100 2500 - 3300

Price Range (Rs/Sq Yd) 19800 - 31500 22500 - 30600 28800 - 40500 20000 - 30000 31500 - 45000 31500 - 54000 19800 - 29700 15300 - 17100 21600 – 31500 13500 - 25200 17500 – 27000

June-July 2014

Project Watch

Making your dream come true Sree Durga Estates riding high on the mantra of creating infinite trust and emotional bond with customers. Concept of providing a plot at less than a lac of rupees meets with roaring success.

ree Durga Estates, the trailblazers of real estate business, is a name to reckon within Hyderabad for those of you aspiring to live in your own sweet home. Fulfilling the long cherished dream of hundreds, especially the middle and lower income group the company’s immense contribution has been hailed by the real estate industry as well as the people at large. Touching many a hearts with their novel endeavour of providing a plot at even less than a lac of rupees to those, some of whom might find it difficult to afford in their life time. The concept has met with roaring success and the company has sold out to more than ten thousand customers in the six phases of their ongoing venture Lakshmi Garden City at Shadnagar during the last eighteen months. Promoters Background: All this and much more has been possible by the profound vision of their managing director K.Purna Chandra Rao. After completing his

graduation in commerce from Osmania University, Purna Chandra made a humble beginning on a meagre salary of Rs.400 in 1987 as a marketing executive with Lakshmi Publishers in Hyderabad. Marketing has all through been a passion for him having acquired diverse experience of marketing innovative products like pager and mobile phones when they had just arrived in India. Genesis: “Initially, I began as a consultant to home buyers, educating them on making their investment decisions. Advising them on projects and areas that would fetch better returns enabled me to consolidate my customer base. Gradually I got on with marketing of projects after leaving my job. In 2006, I launched my own Company in the name of Sree Durga Estates. Better returns and no depreciation on land or plot attracted me to realty business. Over a period of time I have developed a team of like minded marketing resource, who form the core strength of my company,” says Purna

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Chandra Rao. Since then there has been no looking back for him. He has treaded a long way, seeing several highs and lows in his real estate marketing career spanning over the last two decades. Motto: “My motto has always been to transform barren lands into beautiful colonial paradises and offer plots at nominal prices. Laksha Lopu Laksha Mandiki Plots Evvalani Lakshyam Tho, i.e. providing plots to one lac people at less than a lac of rupees is my ultimate mission. My aim is to have atleast 500 human resource under my control to support our existing clientele and to service our new customers,” adds Purna Chandra Rao. Employment generation and granting livelihood to innumerable eligible aspirants has seen the company grow. Reaching out to Customers: Company’s approach is not merely to provide plots at affordable prices. But striking an indelible emotional bond with customers, rendering dedicated and responsible services in the process adopted has made Sree Durga a popular brand. The parameters of success here is not measured on the basis of monitory gains but gauged by winning over faith and goodwill of customers. Our wide customer base entails skilled individuals from land procurers to surveyors, labourer to engineers, architects to marketing personnel and many more. Returns on investments: The Company’s

Project Watch customers have earned lacs of rupees through appreciation in their plot value. “In our unrelenting efforts to distribute wealth to our trusted customers, we did make sacrifices, some may not believe this, but in the process have earned the most invaluable ingredient of business – the trust of our valued customers. This is highly gratifying and gives us enormous strength to move forward with reinforced vigor and enthusiasm. The faith they reposed in us by way of their small investment at Delight Park- I and other projects has seen multiple appreciations than its value,” says Purna Chandra Rao Awards and accolades: Indian Organisation for Business Research and

Development decorated K.Purnachandra Rao with Rashtriya Udyoga Ratan Award for 2007 for his outstanding contribution to the economic development of nation. The award was conferred upon him at New Delhi on 18th Nov 2007. Past Projects: The advent of the enterprise happened with Delight Park at Maheshwaram mandal. It was a venture of open plots followed by Dream destiny and Feb Meadows at Maheshwaram. Delight Park-I at Kottur Mandal, Bhavya Gardens at Sangareddy, Kingswood Garden at Shadnagar talk about the glorious success trail of the Company. Present Project: Lakshmi Garden City at Shadnagar near Rameshwaram Temple Road is the jewel in the crown, having successfully completed six phases during the last 18 months; the ongoing seventh phase continues to create ripples and waves among the customers inspite of the prevailing slag in the local market. Targeted to provide housing plots to the middle class families at one place, the venture promises to reap rich dividends. Highlights of Lakshmi Garden City Phase VII: The smallest plot is of 100

sq. yards. Each plot is as per Vastu with a 22.5 ft frontage, 40 ft depth, avenue plantation and children’s park. The layout like the other phases is going to be fully developed with compound wall in the front part of the venture, main gate with arch, 33 ft, 40 ft and 50 ft wide black top roads, curbing stones on either side of all roads, provision for electricity and barbed wire fencing around the venture. Connectivity: Shadnagar is having very good connectivity with the city. The venture is at a ten minutes drive from MMTS Shadanagar while the international airport is at a 20 minutes drive. P V Narsimha Rao flyover from Masabtank to NH-44 Bangalore Highway and ORR from Gachibowli to Shamshabad connects to Shadnagar. The place enjoys dual connectivity with Bangalore Mumbai by-pass road. One more proposed peripheral ring road is coming up in Shadnagar. Surrounded by DLF, GMR, SEZs, NRSA, in close proximity to Reliance Business Park, Shadnagar IT Park and the upcoming ITIR, the project boasts of an ideal location. Multiple returns from Lakshmi Garden City: If one wants to buy a plot within the city the rate is Rs.1 lac per sq. yard in

certain areas, whereas Lakshmi Garden City is offering a 100 Sq. yards plot itself for a lac of rupees. Nearby ventures in the area are selling in the range of Rs.2, 500/- to Rs.3, 500/- while the Company is only charging Rs.999/- per sq. yard for a clear title plot in their fully developed layout. It has been possible to sell the plots at such a throw away prices having cut down on various over heads including advertising expenses. Brisk project sales has been reported mainly due to their goodwill earned through their track record. Word of mouth publicity on the benefits of investing in the Company’s projects including the present one has spread like fire adding to a large off take. The company does not foresee any challenge from the prevailing situation in Hyderabad as their clientele targets end users with such affordable prices. The company has given a sense of fulfillment and pride to many by helping them realise their dream to have their plot so that they can build their own sweet home sometime or hold on to it as a long term investment for securing their kids future prospects. kpcrao@durgaestates.com www.durgaestates.com Advertorial

June-July 2014

Property Listing

real estate

RESIDENTIAL apartments

Central zone S.No. Company:

Project Name:

Property Type:

Vamsiram Builders

Lotus

3 BHK Apartment with Home Theatre

Fortune Group

Fortune Ikon

3 & 4 BHK Apartments

Sri Krishna Builders

Krishna Elite

3 & 3 BHK Apartments

Sri Krishna Ventures

Krishe Valley

Vamsiram Builders

Nest

Fortune Group

Essjay Fortune

Bhanu Estates

Atria10

Vamsiram Builders

Anri

Aparna Constructions

Aparna Aura

Alekhya Homes

Jasmine

Residential

Choice India Infra

Choice India

3 BHK Apartments

Hallmark Alekhya Homes

Green Canopy

Narne Homes

Carlton Creek

Rajapushpa Properties Pvt. Ltd.

Rajapushpa Atria

Gowra Ventures

Gowra Tulips

16 17 18

Bollineni Developers Limited Madhu Infrastructure Vavasi Group

Bollineni Homes Madhu Park Ridge Vasavi's Brundavanam

Premium Residential Apartment 3 BHK Apartment with Home Theatre 2 & 3 BHK Independent Flats 3 BHK Independent Flats 3 BHK Apartment with Home Theatre 3 BHK Premium Luxury Apartments

Size Range: 2975 sft 3200 sft 2125 sft 3375 sft 1600 sft 1900 sft 1850 sft – 4500 sft 2945 sft 3590 sft 1165 sft 2100 sft 2061 sft 2887 sft 3125 sft 1820 sft 2406 sft 1140 Sft 1695 Sft 2900 sft

1250 Sft 1800 sft 1364 sft 2 & 3 BHK Apartments 2556 sft 2, 3 & 4 BHK Luxury 1350 sft Apartments 3455 sft 2BHK Independent 970 sft - 2520 Apts sft 2800 sft Residential Apartments 4700 sft 1200 Sft 2 & 3 BHK Apartments 2766 sft 1200 Sft to Residential Apartments 2000 Sft 2 & 3 BHK Apartments

HORIZONS AP’s most credible real estate magazine

Contact No:

Location:

9849558979, 9642323313 7702333563 / 7702301233 Srichand Hinduja 9292108365 Suresh Sarma – 9985228889 9849558979, 9642323313 7702333563 / 7702301233

Banjara Hills near Lotus Pond Banjara Hills, Road No. 10 Banjara Hills, Road No.10 Banjara Hills, Road No.12 Banjara Hills, Road No.2 Begumpet

040-27890917

Jubilee Hills

9849558979, 9642323313

Jubilee Hills, Opp. Andhra Jyothi

950520115

Jubilee Hills, Shaikpet

Mr.Afroz : 9000729977 V.Srinivas 9441115599 Ramesh 9849958853 Siva Prasad 9885976647 Mohan Rao 9553988822 8008004755 / 42005189 Chakravarthy 9959090390 Narender 9948837100 Vijay Kumar Y 9866487555

Kavuri Hills Kavuri Hills Khajaguda, Beside Lanco Hills Khajaguda, Near Gachibowli Kokapet, Gachibowli Madhapur Madhapur, Hyd Mehdipatnam, Near Langar House Moti Nagar, Hyderabad

Property Listing

on offer S.No. 19 20 21 22 23

Company: Janapriya Engineers Syndicate Shanta Sriram Constructions Choice India Infra Projects Shanta Sriram Constructions Shanta Sriram Constructions

Project Name: Janapriya Metropolis Chalet Meadows

2 & 3 BHK Luxury Apartments

Size Range: 850 sft - 1250 sft 1183 sft to 1815 sft

N 95

4 BHK Apartments

3800 sft

Padmanabha Residency

1221 sft to 1854 sft 940 sft to 1454 sft 1050 sft Residential Apartments 2400 sft 1600 sft Residential Apartments 1625 sft 2050 sft to 3 BHK Apartments 2100 sft 1140 sft 2 & 3 BHK Apartments 1695 sft

Sanvi Infra Structures Sanvi - Galaxy

Sirisampada Constructions

Samvruddi Sirisampada

Sirisha Constructions

Lotus Bliss

28 29 30 31 32 33

Alekhya Design Homes Alekhya Design Homes Alekhya Design Homes Hardhik Constructions Sai Shakti Projects Aditya Housing & Infrastructure Alekhya Design Homes

Property Type: 2 & 3 BHK Apartments

2 & 3 BHK Luxury Apartments 2 & 3 BHK Gated Harmony Heights Community

RESIDENTIAL apartments

Jasmine Marigold

3 BHK Apartments

2934 sft

Bird Of Paradise

3 BHK Independent Flats

1683 sft 1685 sft

Anmol

Residential Apartments 1550 sft

Bhaskara Signature

Residential Apartments 2532 sft

Empress Towers

Residential Apartments

1575 sft 2385 sft

Wind Chimes

2 & 3 BHK Apartments

2500 sft

Vasavi Group

Vasavi's Bhuvana

Vasavi Group

Vasavi's Shantiniketan

2200 Sft to 3500 Sft 1200 Sft to Residential Apartments 3000 Sft

Modi Builders & Realtors

Lotus Home

Luxury Apartments

Apurupa Infrastructure

Apurupa' Srinivas 2 & 3 BHK Height Independent Flats

Vijetha Builders

Sai Nivas

Residential Apartments

Contact No: 23222999 9951355885 / 04065656500 V.Srinivas 9441115599 9951355885 / 04065656500 9951355885 / 04065656500 Y Devender 9866410555 N Ramaiah 9676749359 Satish Dayal 9666859159 9553074447 / 9000729977 9553074447 / 9000729977 9553074447 / 9000729977

Location: Motinagar, Near Ameerpet Musheerabad, Near Raja Deluxe Nandagiri Hills

Padmarao Nagar, Secunderabad Padmarao Nagar, Secunderabad Prakash Nagar, Begumpet Raghavendra Colony, Kondapur Ravindra Society, Jubilee Hills Road No.36 Ravindra Society, Kavuri Hills Ravindra Society, Kavuri Hills Ravindra Society, Kavuri Hills Ravindra D Venu ,9704966834 society,Madhapur Arvind S R Nagar 7799958259 Ramakrishna Shaikpet, Jubilee Hills 9912225072 9553074447 / Shilpa Hills, Hitec City 9000729977 Vijay Kumar Y Sri Nagar Colony 9866487555 Vijay Kumar Y White Fields, Kondapur 9866487555

East zone

39 40

Alekhya Constructions Limited A.V. Constructions India

741 sft

Jerusha/Rachel 8099102102

Bandlaguda, Near Kushaiguda

975 sft to 1565 sft

9949949439

Boduppal

Residential Apartments 965 sft

Vijay Kumar 9490748309

Hashinapuram, L.B.Nagar

Alekhya Towers

1, 2, 3 and 4 BHK Apartments

975 Sft - 4000 Sft

Aditya Mitta 9248003369

L B Nagar, Hyderabad

Av Info Pride

Gated Community Apartments

1100 sft to 1790 sft

9885809367 9866665544

Medipally

Fortune Group

Imperial Fortune

2 & 3 BHK Independent Flats

900 sft - 1500 sft

7702333563 / 7702301233

Moulali

Mahanagar Homes Private Limited

Green Terraces

Residential Multi Storied

1050 sft to 1770 sft

A.Bhaskar Babu 961820066/ 77

Nagole, Bandlaguda

Modi Builders & Realtors

Emerald Heights

Luxury Apartments

Ventura Housing

Venkatadri Heights

2 & 3 BHK Independent Flats

947 sft - 1895 sft 1012 sft to 1614 sft

Jerusha/Rachel 8099102102 9573563357 / 9573567357

Pocharam Narapally

December 2013 - January 2014

Property Listing

real estate

RESIDENTIAL apartments

North zone S.No.

Company:

Project Name:

Property Type:

Size Range:

Contact No:

Location:

Thirtha Projects .

Siddivinayaka

2 BHK Apartments

1170 sft 1200 sft

Ravi - 9908155115

A S Rao nagar / Officers colony

Shanta Sriram Constructions

Satellite Township

Spacious 2 & 3 BHK Super Deluxe Apts

1180 sft to 1513 sft

9951355885 / 04065656500

Bowenpally, Near Suchitra Jn

Vasavi Group

Choice India Infra Projects

Aparna Shelters

Vasavi's Grande Vista Guru's Choice Residency Aparna Kanopy Tulip

Andhra Infra Projects Golden Ridge

Modi Builders & Realtors

Sterling Heights

Saket Engineers .

Saket Sriyam

Saket Engineers .

Saket Pranaam

1200 Sft to 3200 Sft 1150 sft to 2 & 3 BHK Apartments 1414 sft 930 sft - 1495 2 & 3 BHK Apartments sft 1, 2 and 3 BHK 672 sft - 1664 Apartments sft 1415 sft Luxury Apartments 1554 sft 1241 sft Residential Apartments 1999sft 516 Sft - 1861 Residential Apartments Sft

54 55

Modi Builders & Realtors Janapriya Engineers Syndicate

Palm springs

Luxury Apartments

1910 sft

925 sft - 1460 sft 960 sft - 1350 2 & 3 BHK Apartments sft 810 sft - 1200 2 & 3 BHK Apartments sft 1835 sft Residential Apartments 2738 sft

9505201115 9440029000 / 8500040022 Jerusha/Rachel 8099102102 Hari Babu 9652352233 Hari Babu 9652352233 Jerusha/Rachel 8099102102

Dairy Farm Road, Alwal East Marredpally Gudlapochampally, Kompally Gujularamaram, Quthubullapur Gundlapochampally, Near Kompally Kapra, A.S. Rao Kapra, ECIL Kompally

23222999

Kowkur, Near Alwal

Srichand Hinduja 9292108365

M J Colony (A.S.Rao Nagar)

23222999

Sainikpuri

Karunakar 9666669835

Trimulgherry R.T.C.Colony.

K Madhuram Reddy - 9000919222 Nagendra 9866326099 Nagendra 9866326099 Nagendra 9866326099 Nagendra 9866326099 Subramanyam 9908155115 Vinod K Uniyal 9849222922

Alkapur Layout, Manikonda Alkapuri Township, Manikonda Alkapuri Township, Manikonda Alkapuri Township, Manikonda Alkapuri Township, Manikonda APPA Junction / Bandlaguda

Sri Krishna Builders

Krishna Dhaam

Janapriya Engineers Syndicate

Janapriya Lake Front

Vishal Projects Ltd

Srinivasa Krupa

Gangothri Developers

Nakshatra, Nakshatra Pride

Residential Gated Community Flats 2 & 3 BHK Independent Flats 3 BHK Independent Flats

1607 sft to 1739 sft 1166 sft 1604 sft 2120 sft 2175 sft

Anuhar Homes

Colors

Anuhar Homes

A - Square

Anuhar Homes

Coral Bells

3 BHK Apartments

2600 sft

Anuhar Homes

Yellow Blooms

3 BHK Apartments

2150 sft

Thirtha Projects

"Rock Cliff"

2 & 3 BHK Apartments

Jayadarsini Housing

Uttam Residency

Residential Duplex Apartments

1125 sft 1515 sft

Vijay Kumar Y 9866487555 V.Srinivas 9441115599

Janapriya Arcadia 2 & 3 BHK Apartments

west zone

Residential Apartments

HORIZONS AP’s most credible real estate magazine

1600 sft

Attapur

Property Listing

on offer S.No.

Company:

Project Name:

Sanvi Infra Projects

Sanvi’s Sri Abode

Jain Housing & Constructions

Jain Salzburg

Praneeth Developers

Prem Constructions

RESIDENTIAL apartments Property Type:

Size Range:

866 sft to 1660 sft 2&3 BHK Residential 914 Sft - 1273 Apts Sq.ft 2BHK Independent 1050 sft to Apts 1400 sft 2 & 3 BHK 1107 sft Independent Flats 1674 sft 1245 sft Residential Apartments 1760 sft 940 sft - 1495 2 & 3 BHK Apartments sft 1165 Sft to Residential 1510 Sft 1300 Sft Residential 1695 Sft 1122 sft 2 & 3 BHK Apartments 2208 sft 2,3&5 BHK Residential 1053 Sft Apts 2556 Sft 990 sft - 1435 2 & 3 BHK Apartments sft 2235 to 5120 Residential Apts Sft 3 BHK Independent 2160 sft Flats 2870 sft 1320 sft 3 & 3 BHK Apartments 2577 sft 2310 sft to 3 & 4 BHK Apartments 5120 sft 1240 sft Residential Apartments 2050 sft 2 & 3 BHK Apartments

Sai Shakti Projects & SVAS infra Janapriya Engineers Syndicate

Praneeth Pranav Meadows Prem's Sai Brindavanam Ashoka Springfields Janapriya Nile Valley

Alekhya Homes

Foot Prints

Alekhya Homes

Earth Song

Aliens Group

Jain Housing & Constructions

Aliens Space Station 1 Jains Carlton Creek

Patel Realty

Smondo

Ramky Estates & Farms

Ramky Towers

S & S Green Projects

Green Grace

Vasudeva Realtors

Ramky Towers

Abhyudaya Projects & Developers

Aditya Construction Company

Aditya's Paramount Heights

S & S Green Projects

Green Meadows

Shanta Sriram Constructions

Sunshine Residency

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

Mantri Developers

Mantri Celestia

2 & 3 BHK Apartments

Ramky Estates & Farms Modi Builders & Realtors

Ramky One Paradize

3 & 4 BHK Apartments

Splendour

Luxury Apartments

1933 sft

Muppa's Green Grandeur Manjeera Diamond Towers Sri Sai Ram Towers

2 and 3 BHK apartments 2 & 3 BHK Independent Flats

1100 sft to 1850 sft 777 sft - 1510 sft 1200 sft 2800 sft 960 sft - 1480 sft 1250 sft 2695 sft 2765 sft 2825 sft

70 71

86 87 88

Muppa Projects India

Manjeera Projects

Sai Sai Ram Projects

91 92 93

Bloomfield Elation Towers Ramky Towers Elite Urban County

Residential Apartments

2 & 3 BHK Apartments

Theme Ambience Constructions Cybercity Builders & Developers

Rainbow Vistas @ Rock Garden

Integrated Township

Vamsiram Builders

Crest

3 BHK Apartment

Fort View

3 & 3 BHK Independent Flats

1665 sft to 2010 sft 1045 sft 1435 sft 1100 sft to 1503 sft 850 sft - 1198 sft 1002 sft to 1506 sft

Contact No: T Surya Prakasa 9885659463 Syed imran - 86860 45960

Location: Bachupally Bandlaguda, Near APPA Junction,

Varma - 9849615833 Bowrampet / Bachupally 9848027961

Chandanagar

Akilesh 8897088000

Chandanagar, Near BHEL

Mr.Afroz : 9000729977 Mr. Afroz : 9000729977

Chandanagar, Near Miyapur Financial District, Gachibowli Financial District, Gachibowli

9966234234

Gachbowli - Tellapur

23222999

Syed imran - 86860 45959 Ramesh 7799881247 Tirupathi Reddy 9989055127

Gachibowli Gachibowli Gachibowli

9052252222

Gachibowli

9393696959

Gachibowli

Prashanth – 9177496767 Y Devender 9866410555

Gachibowli Gachibowli

Ramakrishna 9912225072

Gachibowli - Tellapur

9052252222

Gachibowli Extension

9951355885 / 04065656500 Srinivas Manda 9177444769 VenuGopalReddy 9701001276 Jerusha/Rachel 8099102102 Nilovna 9959397222 66176617 / 23735194

Gachibowli, Near NASR School Gachibowli, Near Wipro Junction Gajularamaram Gajularamaram, Kukatpally Gopannapally Junction Gopanpally - Gachibowli

9346046071 / 72

Hafeezpet, Near HitecCity

9348521652

Himayathsagar Road

Srikanth 9989424444 9849558979, 9642323313

Hitec City Hitec City behind TCS E Park

Property Listing

real estate

RESIDENTIAL apartments

west zone S.No. 94

Company:

Project Name:

Property Type:

Size Range:

4 BHK Apartment with Home Theatre

3705 sft 4321 sft

Vamsiram Builders

Cosmos

NCC Urban Infrastructure NCC Urban Infrastructure Shanta Sriram Constructions

Nagarjuna Residency NCC Urban Gardenia Supreme Residency

3 BHK Apartments

2340 sft

4 & 5 BHK Duplex Apartments 3 BHK Luxury Apartments

Alekhya Homes

Wind Chimes

Residential

Fortune Group

Kumkum Heights

2 & 3 BHK Apartments

100

Pranit Projects

Galaxy Apartments

2 & # BHK Premium Residential Apts

3400 sft to 4150 sft 1600 sft to 1642 sft 2200 Sft 2700 Sft 1155 sft 1940 sft 1075 sft to 2310 sft

101

Alekhya Homes

Bliss

Residential

1645 Sft

102

Srinilaya Projects

Adi Emerald

3 BHK Apartments

103

Srinilaya Projects

Lahari's Adi Emerald

3 BHK Independent Flats

Matrix Tulip

2 & 3 BHK Apartments

95 96 97

104 105 106 107 108

Matrix Infra & Developers Serene Estates

Sushaanta Emami Swan Emami Constructions Lake Sumashaila Vaddepally Developers Enclave Bhavya Bhavya's Constructions Tulasivanam

109

Vertex Homes

Vertex Prime

110

Vertex Homes

Vertex Sadguru Krupa

2 & 3 BHK Apartments 2 & 3 BHK Hirise Gated Community 1, 2 and 3 BHK Apartments 2 & 3 BHK Apartments GHMC Approved 2 & 3 BHK Apartments HUDA Approved 3 BHK Apartment

HORIZONS APâ&#x20AC;&#x2122;s most credible real estate magazine

1828 sft 2214 sft 1828 sft 2035 sft 1200 sft to 1900 sft 2000 sft 1133 sft 2011 sft 490 sft - 1645 sft 1135 sft 1600 sft 1140 sft 1470 sft 1800 sft

Contact No: 9849558979, 9642323313 Venkat Ramana 9885178890 Venkat Ramana 9885178890 9951355885 / 04065656500 Mr.Afroz : 9000729977 7702333563 / 7702301233 Satish Paruchuri 9550677444 Mr.Afroz : 9000729977 Prasad Vasireddy 9963265559 9963265559 / 9963465559 Reshma Banu 9246227833 Vamsi -9581412794 Sreevikas , 8886922233 8978999449 / 9963222278 Valli - 9849912584 Ravi - 9396844261 Ravi - 9396844261

Location: Hitec City behind Shilparamam Hitec City, Gachibowli Hitec City, Gachibowli Hitech City, Near E-Park Hitex Kondapur Kondapur Kondapur Kondapur (Lahari Homes) Kondapur, Near Chirec Public School Kondapur, Opp. RTO Office KPHB Kukatpally Kukatpally Kukatpally Village, Balnagar Kukatpally, Nizampet Road Kukatpally, Nizampet Road

Property Listing

on offer S.No. 111 112 113 114 115 116

Company: Cecon Builders Gowra Hallmark Townships Lanco Hills Technology Park Lanco Hills Technology Park Aparna Constructions Aparna Constructions

117

Ramky Group

118

Aparna Constructions

119

Aparna Infrahousing

120 121 122 123 124

Theme Ambience Constructions Phoenix Living Spaces NCC Urban Infrastructure Ramky Estates & Farms Abhaya Infrastructures

125

Muppa Homes

126

Sai Sai Ram Projects

127

Aditya Construction Company

Project Name: Cecon Manor Green Living Lanco Hills

RESIDENTIAL apartments Property Type:

Size Range:

2 & 3 BHK Independent Flats

1000 sft 1550 sft 1200 sft to Residential Apartments 2200 sft 1900 Sft Luxury Apartments 4477 sq ft

1195 Sft 1580 sq ft Aparna HillPark 1295 sft 2 & 3 BHK Apartments Lake Breeze 2335 sft Aparna Hillpark 2 & 3 BHK 1150 sft Avenues Independent Flats 1670 sft Ramky One 1030 sft 2 & 3 BHK Apartments Kosmos 1635 sft 1245 sft Aparna CyberZon 2 & 3 BHK Apartments 1855 sft 1920 sft Aparna Sarovar 3 & 4 BHK Apartments Grandè 3745 sft 2 & 3 BHK 1130 sft Golf View Independent Flats 2050 sft 1034 sft Golf Edge 2 & 3 BHK Apartments 2018 sft 1535 sft to NCC Urban One 3 & 4 BHK Apartments 3380 sft 1261 sft to Ramky One Wave 2 & 3 BHK Apartments 1800 sft 2 & 3 BHK High Rise 1205 sft to PUSHPAK Luxury Flats 1705 sft Muppa's 1000 sft to 2 & 3 BHK Apartments Aishwarya 1600 sft Sri Sai Ram 2 & 3 BHK 1236 sft Green Meadows Independent Flats 1918 sft Aditya Silicon 1325 sft Residential Apartments Heights 1700 sft Domina

Condominiums

Contact No: 30681972

Location: Lingampally

9849056529, 8096699979 Amit : 080084 94973

Manikonda, Near Gachibowli

Amit : 080084 94973

Manikonda, Near Gachibowli

9010251099

Miyapur, Chandanagar

040-23352708

Miyapur, Chandanagar

Srinivas Reddy 8008102575

Nallagandla

9010716060

Nallagandla, Gachibowli

9010484597

Nallagandla, Gachibowli

9348521652,

Nanakramguda

9160098888 / 9160001559 Venkat Ramana 9885178890 Ghouse 8978989820 A V Murthy 9246186547 / 49 Bhargav 9908166333

Nanakramguda, Gachibowli

Manikonda

Narsingi Narsingi Nizampet, Kukatpally ORR - Narsingi

9346046071 / 72

Pragathi Nagar, KPHB

Ramakrishna 9912225072

Tellapur - Gachibowli

Non Hyderabad 128

VPL Projects

129

VPL Projects

130

VPL Projects

Green City Heights Green City Towers Green City Homes Ramky One North

3 & 4 BHK Luxury Apartments 3 BHK Duplex Apartments 2 BHK Apartments

1397 sft to 3534 sft 1361 sft 1100 sft 1200 sft 1035 sft 1375 Sft 1200 sft 2020 sft

Ramky Estates & Farms Welfare Buildings & Estates Sri Gruhajyothi Homes & Resorts

Sri Gruhajyothi Enclave

Residential Apartments 200 sqyds

134

Royalmindz Infra

Royal City

Residential Apartments

135

Saket Engineers .

Saket Callipolis

136

Venkusa Estates Housing Projects

Residential & Commercial Apts

1200 sft 1500 sft 1302 Sft 2005 Sft

Venkusa Hillview

2 & 3 BHK Apartments

2800 Sq Yards

137

Vasundhara Projects

Lorven's Fortune Castle

Residential Apartments 1000 sft

131 132 133

Welfare Heights

Residential Apts 2 & 3 BHK Independent Flats

Suresh Bavineni 9848190700 Suresh Bavineni 9848190700 Suresh Bavineni 9848190700 Sridhar 8105899779 S V Acharya 9912133336 M. Srinivasa Rao - 0891-2561789

Apparel Export Park, Vadlpudi post, Vizag Apparel Export Park, Vadlpudi post, Vizag Apparel Export Park, Vadlpudi post, Vizag Bangalore Doctor's Colony, Waltair

Prabeer 9848877111 9848043236, 9849055343

Karakavalasa Village, Vizianagaram Dt Rajahmundry, Opp Rly Station (East) Sarjapur Road, Bangalore Timmanayadupalem, Tirupati

Vamsi - 9959934488

Vizag

8978481114

June-July 2014

Property Listing

real estate

RESIDENTIAL Villas

East zone S.No. 1 2

Company: Bommarillu Farma & Villas India Modi Builders & Realtors

North zone 3

Sri Rama Developers

Aditya Housing & Infrastructure

Praneeth Developers Modi Builders & Realtors Suchir India Developers

6 7

Project Name: Bommarillu Golden City Sunshine Park Annexe Sri Ram’s Ayodhya Aditya Ville Grande Praneeth Pranav Meadows

Property Type: Independent Villas Luxury Villas

Independent House Residential Villas Independent Villas

Greenwoods

Luxury Villas

Suchir's Koral Reet Aparna Kanopy Lotus

2 & 3 BHK Independent Villas 91 - East & West facing Villas

Aparna Shelters

Modi Builders & Realtors

Sterling Homes

Luxury Triplex Villas

Saket Engineers .

Saket Bhusattva

Premium Villas

Jayadarsini Housing

Duplex Villas

Modi Builders & Realtors

Jayadarsini Township Harmony Homes

Luxury Villas

West zone 13

Sunway Opus Grand

S V Builders

Namaha Estates

Keerthi Estates P L

SRK Green Avenues

Praneeth Developers

HORIZONS AP’s most credible real estate magazine

Contact No:

200 Sq Yds 717 Sq Yds 174 Sq Yds 333 Sq Yds

Ria - 9666201016 / 32556399 Jerusha/Rachel 8099102102

133 Sq Yds – 240 Sq Yds 4970 sft - 350 Sq Yds 150 Sq Yds 200 Sq Yds 141 Sq Yds 292 Sq Yds 110 Sq Yds 240 Sq Yds 160 sq yds 330 sq yds 202 Sq Yds 319 Sq Yds 200 Sq Yds 400 Sq Yds 300 Sq Yds2000 Sq Yds 167 Sq Yds 335 Sq Yds

D. Ram Mohan 9985648555 Ramakrishna 9912225072

1101 sft - 1579 sft 150 Sq Yds S V Avenues Independent House with 1200 sft House. Namaha 375 Sq Yds Independent Villas Lakewood 4300 sft Keerthi Richmond 3400 Sft - 4037 4BHK Triplex Villas Villas Sft 3 & 4 BHK Independent 167 Sq Yds SRK Green Park Villas 350 Sq Yds Praneeth's Pranav 120 Sq Yds Independent Villas County 300 Sq Yds Neville

1, 2 & 3 BHK Premium Flexi Villas

Size Range:

Location: Bhongiri Ghatkesar, Near New Infosys Campus

Bahadurpally Bowenpally, Near Suchitra Junction

Varma - 9959615833 Bowrampet Jerusha/Rachel 8099102102 66685000 / 6000 9505201115

Dundigal, near Miyapur Genome Valley, Shameerpet Gudlapochampally, Kompally Gundlapochampally, kompally

Jerusha/Rachel 8099102102 Mr. Uttam Thakur 9849857633 Vinod K Uniyal 9849222922 Jerusha/Rachel 8099102102

Shamirpet, Ratnalayam Temple

040-23038888

Ameenpur Village

Rangaraju 8374499444

Ameenpur, Chandanagar

Kompally, Gowdevally Medchal

MINOO – 98483 02929 Meena Reddy 9966603939

APPA Junction, Near Glendale Academy

8008577707 / 08

Bachupally 'X' Roads

Murari Bhagat 9959615853

Beeramguda Near BHEL

APPA Junction

Property Listing

on offer S.No. 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38

Company:

Project Name:

Property Type:

Size Range:

150 Sq Yds 400 Sq yds 5 BHK Independent 241 Sq Yds Vasudeva Realtors Villas 350 Sq Yds 4 BHK Independent 240 Sq Yds Vasudeva Realtors Villas 350 Sq Yds 4 BHK Independent 4541 sft - 4685 Pooja Ventures first leaf Villas sft 3 & 4 BHK Independent 259 Sq Yds Pooja Ventures Wonderful World Villas 302 Sq Yds Premium Independent 380 Sq Yds and Poulomi Estates Poulomi Aristos Villas above Sumashaila Vaddepally Independent Triplex 200 Sq Yds Developers Enclave Villas Ramky Estates & 206 Sq Yds Ramky Pearl Independent Villas 380 Sq Yds Farms HUDA Approved 4 BHK 240 sq yds Vertex Homes Vertex Lake View Triplex Villas 404 Sq Yds; Gowra Hallmark Palm Breeze Independent Villas 4600 sft (Built Townships up area) Lanco Hills 5800 sq ft Hanging Gardens Villas Technology Park 5850 sq ft 167 Sq yds Namaha Estates Namaha Rhythm Independent Villas 267 Sq Yds 300 Sq. Yards; JIVIKA at Villas in Gated Aditya Constructions 3300 sft (Built Rajeshwara Community Up Area) Aparna HillPark 116 - 3 BHK Luxury 3409 sft - 3475 Aparna Constructions Gardenia Villas sft 4 BHK Independent 4000 sft - 5200 NSL Divyasree Infra Orion Villas Villas sft Vision Infiniti 3 & 4 BHK Independent 460 Sq Yds Vision Avenues Homes Villas 1100 Sq Yds 289 Sq Yds Tudor Infrastructure Tudor Ken 4 BHK Luxury Villas 311 Sq yds High-End Premium 310 Sq Yds Pranit Projects Mayfair Villas Luxury Villas 475 Sq Yds 3800 sft - 4500 Vision Avenue Infiniti Homes Independent Villas sft 268 Sq Yds Vision Avenue Vision's Urjith Independent Villas 400 Sq Yds Safeway Infra

Symphony Park Homes Bloomfield Elation Villas Bloomfield Ecstasy

Villas RESIDENTIAL Independent Villas

South zone Ramky Viha Properties 39 Ramky Tranquillas Independent Villas . 40

Vishal Projects

Vishal Sanjivini

Villas

Century 21

Brentwood Hills

Open plots / villa/resort

Green Home

Beverly Slopes

3 BHK Independent Villas

Green Home

My City

Villas

Suchir india

Suchir's Timberleaf

4 BHK Independent Villas

320 Sq Yds 391 Sq Yds 2000 sft - 4000 sft

Contact No:

Location:

9849844488 / 7799766662

BHEL

9393696959

Gachibowli

9393696959

Gachibowli - Gopanpally

Sudhamsh Reddy 9703752225 9010770000 / 66770000 Chandra Shekar 9000813399 8978999449 / 9963222278 Venugopal 9701001276

Gachibowli - Gopanpally Kismatpur, Near APPA Junction Kokapet Kukatpally Kukatpally

Ravi - 9396844261

Kukatpally, Nizampet Road

9849056529, 8096699979

Manikonda

Amit : 080084 94973

Manikonda, Near Gachibowli

MINOO – 98483 02930

Miyapur

Avinath P 9849794002

Miyapur, Bachupally Road

9912111592

Miyapur, Chandanagar

Rakesh Talwar 9581412763 9989999853 / 9989999856

Raidurg Tellapur

7702777549

Tellapur

Satish Paruchuri -9550677444

Tellapur - Gachibowli

66785856 / 57

Tellapur Village

9989999853 / 56

Tellapur Village

Prashanth – 9177496767 K Karunakar 9666669835

Hameed - 8686866891 1425 sft - 1531 9849044396 / sft 9000001169 200 Sq Yds 9849044396 / 300 Sq Yds 9000001169 3526 sft - 3610 66135000 / 6000 / sft 7000

Kismathpur Maheshwaram, Behind Fabcity Moinabad Shamshabad Shamshabad Shamshabad

June-July 2014

Property Listing

real estate

RESIDENTIAL Villas S.No.

Company:

Project Name:

Property Type: 3 & 4 BHK Independent Villas 3 BHK Independent Villa

Green Home

Icon's Isle

Theme Ambience Constructions

Lake View

Headway Properties

Info Tech City

Independent Villas

Size Range: 2835 sft - 3634 sft 2652 sft - 2665 sft 267 Sq Yds 600 Sq Yds

Contact No: 9849044396 / 9000001169

Location: Shamshabad Airport Road

9348521652,

Tolichowki

G. Phani Raj 9052228302

Tummalluru

2548 sft - 3720 sft 150 Sq. Yds 400 Sq. Yds 200 Sqyds/ 1000sft 167 Sq Yds 958 Sq Yds

Suresh Bavineni 9848190700

Apparel Export Park, Vadlpudi post, Vizag

Teja - 9949924488

Nalgonda

Vamsi 9959934488

Vizag

Kiran Kumar.K 8897445679

Warangal

Non Hyderabad 48

VPL Projects

Green City Villas

Independent Duplex Villas

Vasundhara Projects

Jublee Hills

Independent Villas

Vasundhara Projects

Lorven's Fortune Homes

Individual Homes

Ramky Enclave

Independent Villas

RESIDENTIAL Plots

East zone S.No. S.No. 1

Company:

Project Name:

Property Type:

Company: AVC Group

Project Name: AVC Township

PropertyPlots Type: Residential

North zone 2

Aparna Shelters

Aparna Kanopy Jasmine

133 - Residential Plots

Primus Developers

Primus Epsilon

Plots

Venkusa Estates

Open Plots

Metro Homes Jayadarsini Township

Plots

Venkusa Estates Housing Projects Headway Properties

Jayadarsini Housing

Plots

HORIZONS APâ&#x20AC;&#x2122;s most credible real estate magazine

Size Range: 200 Yds SizeSqRange: 500 Sq Yds 267 sq yds 467 sq yds 267 Sq Yds 433 Sq Yds 200 Sq Yds 267 Sq Yds 26 acres 300 Sq Yds2000 Sq Yds

Contact No: Contact No: 9391078186

9948663170 9989420202 9848043236 / 9849055343 23555441 Vinod K Uniyal 9849222922

Location: Nagarjuna Sagar Location: Highway Road Gudlapochampally, Kompally Gundlapochampally, Kompally Kowkur , Bollarum Medchal Medchal

Property Listing

on offer West zone S.No.

Pragati Green Meadows & Resorts Pragati Green Meadows & Resorts

Project Name: LAHARI GREEN PARK Pragati Green Islands_Phase 2 Pragati Green Islands_Phase 1

MVR Harivillu

Peacock Paradise

Lahari Green Park

Pudota Estates India

7 9 10

Company: Lahari Green Park

South zone 14 Vasundhara Projects

Lahari Infrastructure Aishwarya Residency

Plots RESIDENTIAL Property Type: HMDA Regularized, Independent plots Freehold Property, Open Plots Farm Land with Club House HMDA approved independent, Plots

Size Range: 600 sq yds onwards 267 Sq Yds 534 Sq Yds 267 Sq Yds 1000 Sq Yds 1056 Sq Yds 2000 Sq Yds 250 sq yds 400 sq yds

Plots

200 Sq Yds

Plots

Lorvens Gold Leaf Plots HMDA Approved Sukrithi Royal Residential Layout

Subha Gruha Projects

Vasundhara Projects Pvt.Ltd

West Mount Projects

Red Clay Court II

HMDA Approved Residential Layout

Century 21

Brentwood Hills

Open plots / villa/resort

Green Home

Green Acres

Plots

Century21

The New Basheerbagh

Open plots

Aliens Group

Aliens HUB

Residential Plots

Vasundhara Projects

Lorven's City

Plots

Green Home

Rainbow Drive

Plots

Green Home

Bloomington

Plots

Green Home

Eldorado

Plots

Subhagruha Projects

Sukruthi Royal

Residential Plots

Lorven's Paradise Plots

76 acres 267 Sq Yrds 200 Sq. Yds 400 Sq. Yds 267 Sq Yrds

1000 Sq Yards

300 Sq Yds2000 Sq Yds 200 Sq. Yds 400 Sq. Yds L.P. No. 01/ Layout/ HADA/06 500 Sq Yds 1000 Sq Yds 200 Sq Yds 534 Sq Yds

Contact No:

Location:

Srinivas

Bhanoor

P V Vijay Kumar 9848799189 J Mahesh 9912854477 Satyanarayana 8008500527 Srinivas 7799777755 Jaya Prasad Raja 9949036460

Proddutur (V), Shankarpally (M) Proddutur (V), Shankarpally (M) Shankarapally Shankarpally Shankerpally

Vamsi - 9959934488 Dasarapalli SSRK Prasad Kandukur 9000381234 Teja - 9949924488 Dr. T S Rao 9848017162 Hameed - 8686866891 9849044396, 9000001169 Sayed Hameed - 8686866891

Kandukur Maheswaram Mandal Moinabad Moinabad Shadnagar

9966234234

Shamshabad

Teja - 9949924488

Shamshabad

P.V.Ratnam 8977812565

Shamshabad Airport Road

9849044396, 9000001169 9849044396, 9000001169 Ramana 9177966407

Shamshabad Airport Road

V Srinivas 9848031672 S R Niranjan 9849999036 G Chakradhar 9866319567 SSRK Prasad Ph No.9000381234

Acthuthapuram VUDA Layout

Srisailam Highway Road Srisailam Highway Road

Non Hyderabad 27

Kranthi Properties

Kranthi Paradise

Plots

BTS Estates

Green Meadows

VUDA Approved Residential Plots

167 Sq Yds 311 Sq Yds 167 Sq Yds 333 Sq Yds

Godaavari Townships

Sai Suvarna

Plots

45 Acres

Subha Gruha Projects

Maple Meadows

VUDA Approved Residential Layout

267 Sq Yrds

Vasundhara Projects

Lorven's Fortune

Plots

Vasundhara Projects

Lorven's Hi-land

Plots

Vasundhara Projects

Vensai Township

Plots

200 Sq. Yds 400 Sq. Yds 200 Sqyds 200 Sq. Yds 400 Sq. Yds

Bhimili, Vizag Katakapalli near Kothavalasa Srikakulam Highway

Vamsi - 9959934488 Visakhapatnam Vamsi - 9959934488 Visakhapatnam Vamsi - 9959934488 Visakhapatnam

June-July 2014

Property Listing

real estate on offer

Commercial

Central zone S.No. Company: Project Name: Property Type: 1 Vasavi Group Imperial Towers Commercial 2 Shanta Sriram Constructions Shanta Sriram Commercial 3 Fortune Group Fortune Monarch Commercial 4

Shanta Sriram Constructions

Silver Square

Commercial

Shanta Sriram Constructions

Neeru's Emporio

PBSAMP Projects

Krishe Sapphire

Choice India Infra Projects

Choice Center

Commercial Premium Office Building Commercial

Shanta Sriram Constructions

Oasis Center Mall Commercial

East zone 9

Serene Estates

Shanta Sriram Constructions

West zone 11 Gowra Ventures

Location: Ameerpet Banjara Hills, Rd - 4 Jubilee Hills, Rd - 36 Jubilee Hills, Rd - 36 Jubilee Hills, Rd - 36 Madhapur Main Rd S D Road Somajiguda Begumpet Rd

Arena

IT Sez Office Space for lease

15000 sft 63000 sft

Satyajit - 9581412793

Uppal

Amity Ville

Commercial

1175 sft 6990 sft

9951355885 / 04065656500

Tarnaka

The Platina Ramky Towers Grandiose

Commercial

1 million sft

Gachibowli

Commercial

2 Lakhs sft

42005189 / 90 Venugopal Reddy 8008012889

North zone 10

Size Range: Contact No: Customised Vijay Kumar Y - 9866487555 2030 sft 9951355885 / 04065656500 200000 sft 7702333563 1390 sft 9951355885 / 04065656500 4300 sft 5300 sft 9951355885 / 04065656500 8000 sft 9985228889 24000 sft 40000 sft V.Srinivas - 9441115599 7500 sft 9951355885 / 04065656500 12500 sft

Ramky Estates & Farms

Shanta Sriram Constructions

SS Techpark

Commercial

S R Peddi Estates India

Hyndava Techno Park

Serene Estates

Centrum

Commercial (Tech Park) Office space for lease

1320 sft 4800 sft 12000 sft 60000 sft 10000 sft 66000 sft

Ramky Estates & Farms

Ramky Selenium

Commercial

4.5 Lakh Sft

Gachibowli

9951355885 / 04065656500

Gachibowli, Near DLF Cybercity

9640028888, 9848018639

Hitech City, Phase II

Lalit - 9581412782

KPHB

Venugopal Reddy 8008012889

Nanakramguda, Financial district

Kalyan Raju 9885320111/ 7799930111

Kamalapuri Colony

Sai Naresh - 9000994554. Santosh - 9949094690

New Bowenpally, Secunderabad

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HORIZONS APâ&#x20AC;&#x2122;s most credible real estate magazine

RNI. No. APENG/2012/44473