Horizons Volume 2
ANDHRA PRADESH REAL ESTATE DEVELOPERS’ ASSOCIATION www.apreda.org
AP’s
Issue 11
` 50
June-July 2013
most credible real estate magazine
Hyderabad
Beckons
Heritage
Special Report
In focus
18th Intach Heritage Awards
Residential Hotspots
Time to rationalise Seigniorage fees
Page 30
Page 23
Page 44
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H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
June - July 2013
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c o n t e n t s Volume 2
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Issue 11
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June-July 2013
In focus
Cover Story
Hyderabad Beckons Page 16
Time to rationalise Seigniorage fees Page 44 Feature
Home is where infinite happiness is Page 48 Gardening
Ever thought of garden lighting?
Special Report
Page 23 Heritage
18th Intach Heritage Awards Page 30 6
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Other Sections
Residential Hotspots
Page 38 8 10
Messages News watch
22 Property Trends 40 Happenings 42 Apreda Diary 46
GO Watch
52 Market Monitor 54
Auspicious Days
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Humour Corner
56 Real Estate Listings
Editor’s Note
Horizons www.apreda.org
Volume 2 Issue 11 June-July 2013
Change is in the air Refreshing and vibrant are the buzz words! Words that come to our mind while wrapping up this issue. New members have been inducted into the editorial team with an endeavor to give a bright look to Horizons. This change also coincides with a new governing council taking over the affairs of APREDA.
Editorial Advisor
We have had quite an eventful time in the last few months. The new team is all set to carry forward the baton of putting across industry representations with the government and further work towards creating a congenial environment for growth oriented real estate market.
Jydip Mukherji
Talking about Hyderabad’s realty market, which has never been this high in the last decade, is an indication of the city’s booming economy. The prices after attaining peak in 2008 have gradually gone through a correction due to various market factors. The prevailing prices are at its best and it could be pronounced as the buyer’s market. The city has grown to be a favorite hub for investors which has not only provided quality infrastructure for property investments but also added attractions like special economic zones, industrial parks, IT campuses, and a new international airport to its credit. Real estate prices generally fluctuate owing to: the demandsupply ratio, location of the property and the opinion of the buyer. Real Estate industry in Hyderabad has fared positively on all the three counts. Demand for land has clearly exceeded its supply because of this. Our cover story ‘Hyderabad beckons’ reflects on this economic and infrastructure development that the city has undergone and is now ready to embrace big time players to further spur up the growth momentum. While affordable pricing and various promotional offers have been the key to city’s real estate bouncing back to normalcy, our second lead story ‘Residential hot spots’ gives you an overview of the best bet to invest your money for buying a house. The bouquet also includes a judicious dose of garden and landscaping, heritage, besides our other regular features. Hope this edition connects with your imagination! We will be thankful to you for your suggestions and feedback so that we could further reach out to your needs and requirements.
R Chalapathi Rao
Executive Editor
Editorial Team
Chief Copy Writer: Kishore Upadhyay Writers: R. Ashok Swaminathan
Chacko Joseph
Geetha Prasad
Niddi Mishrra
Trivita Roy
Production Team
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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 03278/01/1/2011-TC
Published From AP Real Estate Developers Association, # 102, Tirumala Shah Apartments, Yellareddyguda, Ameerpet ‘X’ Road, Hyderabad, A.P.- 500 073.
Jydip Mukherji Executive Editor
Contact: Tel: 040-65572184, +91-9989844467 email: editor@apreda.org email: jydip.mukherji@gmail.com
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From Rough Times to Rising Heights APREDA’s outgoing president, P Prem Kumar, turns nostalgic at the 17th AGM and recounts the challenges that APREDA faced and cameout winning. Hyderabad, March 26: After the wonderful presentation of accounts, there is a feeling of niceness and optimism which makes it easier and effortless for me to say a few words. Though this is an Annual General Body Meeting, it is different in the sense that it is an AGM where there will be a transition and a new body will take over and so naturally it is a time which makes us reflect on the past with nostalgia. Today APREDA is a very strong, vibrant and professional body of Real Estate Developers. We have evolved very strong systems and everything works here with clockwork precision and is being done perfectly. We have also a lot of discipline in our association and a culture of unanimity, consensus, togetherness and camaraderie, which have been brought to us by the previous presidents and Governing Councils. The Founder President Col. Narne Ranga Rao Garu, Chief Mentor Sri. M Murali Mohan Garu and Chief Adviser Sri PS Reddy Garu have imbibed this culture which we have carry forward. It is because of the wonderful work they have done along with the Governing Councils that have worked with them. When this Governing Council took over in 2009, we had all of these strengths but there were some external factors that brought in a recession throughout the world. In Hyderabad, projects were getting delayed, postponed
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and shelved. There was pessimism and apprehension; some said that I became the president at the wrong time. But what happened in the past four years is sheer magic. We took bold initiatives, in spite of the negativism, like conducting Property Shows, conferences, publishing Horizons, CSR activities and our fund position has become very strong, which has made APREDA what it is today. The one factor that worked in our favour was synergy in the association. Sometimes we took risky and courageous decisions and came out winning. The boldest decision we took was to go ahead with the property show in spite of the Sakalajanula samme. We had great success in the property show. This synergy is because all of us worked together and the end result was much more than the individual contributions. One plus one became eleven and one plus one plus one became a hundred and eleven. Now is the time for transition, when a new body takes over. Since it is a unanimous decision, I can disclose to you all that Sri. P Dasharath Reddy is designated as the new President. He is committed and a dynamic young man. He is known for his team spirit. I foresee a lot of good things. I sense the positive vibes. I can see that we may soon get relief with regard to registration charges and mortgage. I foresee APREDA moving into a new swanky office and great success in the property shows and conferences. The new Governing Council will exceed the targets set by the treasurer by two or three times. When I took over as the president of APREDA, I was humbled and today I am more humbled because of all the affection, co-operation and support given to me by the members. I thank the members for praising and motivating me and never criticising me. I feel overwhelmed. One person, who stood by me all these years, helped me with my decisions, who has given me a lot of energy and has been my sounding board, all through these years was Mr. H Bhawar Lal Jain. Today we all miss him.
Surmounting Challenges of transition P Dasharath Reddy the newly elected president sought the co-operation of members in his endeavor to take APREDA to greater heights at the 17th AGM Hyderabad, March 26: Respected Founder President of APREDA, Col (Retd) Narne Ranga Rao Garu, honorable chief advisor Sri P S Reddy Garu, honourable out-going president Sri Prem Kumar Garu, most valued association functionaries, advisory committee members, the governing council members and my dear members of APREDA! At the outset, I express my sincere thanks to all of you for having helped me in performing my duties of the APREDA secretary general and more so today for giving me this honour to serve the association as the 5th President. I am thankful to all the past presidents, outgoing president and APREDA members who have encouraged me and provided me this opportunity to serve the association as president. I thank you for the trust you reposed in me and I shall strive continually to live up to your expectations. I would like to acknowledge my gratitude to all association functionaries, advisory committee members and the governing council members for the co-operation extended and the time and treasure invested in making this association what it is today. A big ‘Thank You’ to President Prem Kumar Garu for his efforts in bearing the torch in his lap so well. It is his inherent ability to carry the team that was particularly beneficial to the association. To me personally he has been the proverbial friend, philosopher and guide. Mr. Prem, your pioneering team effort has resulted in making
APREDA reach its pinnacle of glory. We can call this as the ‘Golden Era’ of APREDA. You not only made efforts but chased it with fervor, never letting the radiance inside you dim a bit. No deterring remarks dampened your spirit. You have given a new direction, vision and a new stature to APREDA. It is very difficult for us to forget Mr. Bhawarlal Jain and his exuberance. May his soul rest in peace. I am now given this onerous task of being the President. Today the real estate Industry is in a transition period. Many issues that affect the real estate Industry need to be addressed. APREDA always answered the call to serve the builder/developer community but we need to find newer and more innovative approaches to solve our many challenges. To win is easier and to continue winning is a greater challenge. Our task becomes challenging when we consider the heights APREDA has reached. It is for this that I seek the support and co-operation from the newly elected office-bearers, governing council and advisory committee. And as always from the members of APREDA. We want to take APREDA to greater heights based on 5 D’s – Desire, Discipline, Dedication, Determination and Direction. This can only be done with involvement from all of you. I would like to request all members for their hearty support. Your collective support gives us great strength. I thank each and every APREDA member from the bottom of my heart and request your continued co-operation. Thank you one and all!
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News Watch
National Amended Registration Act to weed out corruption: Govt
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he amended Registration Act will help bring clarity in determining market value of land. Having forged a political consensus on the Land Acquisition Bill, the government now hopes to weed out corruption in land deals by amending the Registration Act, 1908. Changes include making it compulsory to register leases for a period of less than a year, mandatory registration of power of attorney transfers, registration of property in the state where it is located and allowing inspection of registered documents. Inter-ministerial consultations on the proposed amendments have been completed. The Cabinet is expected to consider the amendments for approval shortly.
as well. The amended Registration Act will help bring clarity in determining market value of land, which will help the collector arrive at a more equitable value for the land during the process of acquisition, an official explained. The proposed amendments, seven in all, are an attempt to address loopholes in the
Act and to address practices that have come up in the last 100-odd years. It is one of the intermediary measures required to move towards a system of conclusive land titles. This would allow for a transparent sale and purchase of land, which over time could minimise acquisition cost of land.
The amendments are expected to feed in to the proposed land acquisition Act
Centre’s Realty regulatory Bill to recognise only carpet area
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he proposed Bill to regulate the real estate sector would make it mandatory for the development authorities to clear the building plan on the basis of carpet area. The central government will bring the Real Estate (Regulation and Development) Bill in the next session of Parliament. Addressing an ASSOCHAM conference on affordable housing, Ministry for Housing and Urban Poverty Alleviation
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(HUPA) Secretary Arun Kumar Misra said only the carpet area will be recognised in the regulatory Bill. “The municipalities and the development authorities would have to pass the map on the basis of carpet area and this would be a mandatory requirement as any other criterion apart from that like the super area or the built-up area and others would not be recognised by us,” Misra was quoted as saying in a
H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
statement issued by ASSOCHAM. Across the country, developers sell housing units on the basis of super area that includes built- up area plus area occupied by common amenities like lifts, corridors, club house and stairs. Super area is usually around 25 per cent more than built-up area. Last month, the Union Cabinet had deferred the approval of draft Bill to set up a regulator for the real estate sector with provisions for jail term for the developer for putting out misleading advertisements about projects.The proposed regulator also seeks to make it mandatory for developers to launch projects only after acquiring all the statutory clearances from relevant authorities. It also has provisions under which all relevant clearances for real estate projects would have to be submitted to the regulator and also displayed on a website before starting the construction.
News Watch
Put & call option-breather to real estate
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ith real estate IPOs being called off due to stock market volatility a couple of years ago, this move by the government to allow put and call options on contracts will provide a breather to private equity investors who had hoped to gain by exiting through the primary market route. The government’s move to provide a fillip to investors by allowing put and call option on contracts is set to be notified soon, but it already has real estate private equity (PE) funds excited. Fund managers say, the ruling will help unwind transactions easily and hedge risks. When almost ten real estate IPOs were called off due to the stock markets turning volatile in 2011 , private equity investors who had hoped to gain by exiting through the IPO route found themselves at a dead end. But now the proposed regulation to permit put and call options may just be what these investors were waiting for. Sunil Rohokale, CEO & MD, Ask
While some fund managers hope that along with an easy exit route, the time and price of exit will also be predetermined, others say that the regulation will legalise the enforcement of put and call options in compulsorily convertible debentures and preference shares.
Group says, “Put and call options are necessarily used in equity investments to hedge the risk because in the Indian real estate sector. Because of the approvals, the projects get delayed and the holding period of investments gets enhanced. To hedge the risk, if part of an investor’s shares can be converted at a specific price and time, I think it suffices the purpose of the risk management as far as the international investors are concerned.”
However, investors will be allowed to exit at fair market value at the time of exit because the RBI will not allow a speculative transaction. Apart from unwinding a transaction, according to industry experts the proposed law is also expected to boost private equity investment in the sector, which, post 2007, has never recovered. It is also expected to aid companies to raise overseas funds at a faster pace. According to Ernst & Young, fund managers are taking 6-7 months longer to raise funds than they did in 2006. This proposal will put FDI investments in India at par with global practice so companies are hoping that they will be able to sell the India story better.
Pay more service tax on house costing over Rs 1 crore
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he finance ministry has tightened norms for application of lower rate of service tax on construction, dealing a blow to buyers purchasing houses above a certain size or value. The Central Board of Excise and Customs, the apex indirect taxes body, has issued new norms that restrict lower service tax to only those houses that cost below Rs 1 crore and have carpet area less than 2000 square feet. Service tax at the rate of 12% will be applicable on 25% of the total value of the residential unit (effectively 3%) on properties that meet these conditions. If a housing unit
is either more than 2000 square feet carpet area or costs over Rs 1 crore then the tax will be levied on 30% of the total value, says the CBEC notification, raising the effective tax to 3.6%. Commercial property will continue to attract higher incidence of tax, irrespective of size and value. The
move comes at a time when the construction and the realty sector is already confronting lower off take and piled up inventory. The CBEC had earlier allowed application of the lower rate if any of the conditions was met. Experts say absence of a definition of what constituted carpet area complicated the matters further. “The notification has been a subject of debate since it was issued. There is an ambiguity on the interpretation of the term ‘carpet area’ which is not defined in the law,” said Pratik Jain, partner KPMG. Jain said the move will hurt customers, particularly in tier II cities.
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News Watch
State AP Govt to announce township policy soon
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o spur development of new townships in the state, especially in the Hyderabad Metropolitan Region, the municipal administration and urban development (MA&UD) department, Government of AP will announce a township policy soon. The committee had already made some suggestions and changes on issues like non-agricultural land conversion charges in a draft prepared by the MA&UD department a couple of years ago. Townships proposed by private infrastructure firms would be encouraged with tax incentives like waiver of development charges, conversion charges and reduction in property
tax. However, a township should have minimum 100 acres in the HMDA limits. As per the draft, integrated townships should have land earmarked for work spaces, recreation and residential, with specified allocation for each category.
townships would be allowed in 50 acres in municipalities. The developer has to provide basic infrastructure like roads, water and sewer network, waste disposal, power and open spaces as per the layout rules.
Townships have been broadly divided into three categories. Townships near major urban development authorities like Hyderabad and Visakhapatnam, where minimum area would be 100 acres, would be in the first category. In second category, townships in 75 acres in surrounding areas of places like Warangal, Tirupati and special development areas would be encouraged, while in the third category
Stamp duties slashed but registration charges shoot up
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he AP government recently enhanced the market values of property for registration all over the State, pushing up the registration charges payable on sales/purchases of property. The hike in market values ranges up to 150 per cent in places where the real estate value has reached peak levels. Registration charge components Net overall registration charge to be 6 per cent of market value
Registration charge components
The new market values are being displayed at all the 432 sub-registrar offices. Offering some relief, the stamp duty payable on market values at the time of registration has been reduced from 5 per cent to 4 per cent and transfer duty (now 2 per cent in urban areas and 3 per cent in rural areas) to a uniform 1.5 per cent. The registration fee, the third component of registration charges, has been retained at 0.5 per cent. Consequently, the overall percentage of these three components will come down to a uniform 6 per cent hereafter
Now After April 1 Stamp duty 5% 4% For urban and Rural areas Transfer duty Urban 2% 1.5% Rural 3% 1.5 Registration Fee 0.5 0.5
Percentage hike/reduction 1%
0.5% 1.5% -
Net overall registration charge to be 6 per cent of market value
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compared to 7.5 per cent now in urban areas and 8.5 per cent in rural areas. The reductions are made in compliance with Central guidelines to encourage maximum property registrations in the country. Nonetheless, the people will have to shell out heavily as these reductions will not be able to neutralise the enormous burden caused by the market values hike. Sources said that the reduction of stamp duty would result in more registrations. According to government officials, “We expect more registrations now for sale deeds and other registration of documents such as GPS, gift deed, mortgage etc.” On the other hand, builders and developers say the hike will result in the cost of flats and independent houses increasing. “Most of the taxes are payable in percentage on the land value. Though taxes like nala tax will remain at 9 per cent, VAT at 1.5 per cent, labour cess at 1 per cent, service tax at 4 per cent, to name a few, the overall money to be paid goes up because all these taxes are calculated on land value.”
News Watch
No property registration without OC
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ith unabated construction of illegal structures in the city, the Greater Hyderabad Municipal Corporation (GHMC) has mooted a proposal to link registration of property to the occupancy certificate (OC) and approved plans for curbing illegal structures. The GHMC has proposed that the registration and stamps (R&S) department should insist on the occupancy certificate (OC) for buildings and approved building plan in the approved layout while registering built-up area at under construction buildings on the lines of Tamil Nadu. The chief minister approved the proposal
put forth by the municipal corporation recently and asked the revenue department to make the necessary amendments. As per the new building rules (GO 168), according to officials, the occupancy certificate has been made compulsory for structures irrespective of its size and plot area. The OC is issued by the municipal authority only if a building is built as per the sanctioned plan on plots over 100 square metres. It is also mandatory for getting water, sewerage and electricity connections. “If the registration
department makes registrations for the permitted built-up area of buildings as per the sanctioned plan, most of the unauthorized constructions will be controlled. For this, the Registration Act needs to be amended by incorporating an appropriate clause in section 21,” GHMC commissioner MT Krishna Babu said. Apart from these measures, a town planning tribunal is also being considered by the municipal administration and urban development (MA&UD) department to deal with cases pertaining to municipal town planning.
Hyderabad Hyderabad among India’s 15 preferred housing destinations
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yderabad is among India’s 15 major coveted cities to buy a house according to a study conducted by Knight Frank, the realty market of Hyderabad has become the most affordable one when compared to other metros and this current scenario is due to the launch of many affordable housing projects which
has catalysed growth after the economic slowdown in 2008. The city of Pearls, Hyderabad has been one of the major hubs for IT/ITeS industry, and has observed massive growth in this sector over the past decade. The city is witnessing demand for housing mainly
because of the new GO 245, which is a relaxation of binding EWS/LIG housing norms and the proposed Hyderabad metro rail project.Ahmedabad, Chennai, Pune, Kochi Jaipur, Lucknow, Faridabad, Guwahati, Bangalore, Delhi, Kolkata, Mumbai Bhubaneshwar and Patna are among the other 14 cities.
News Watch
Hyderabad IL&FS to build multilevel car parking
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L&FS Engineering and Construction Company Limited has received a letter of intent to construct an integrated multilevel automated car parking facility
for Charminar Robo Park Limited for a total value of INR350.40 million ($6.42 million) at Khilwat in Hyderabad, India. The scope of work includes design and engineering, civil and structural works, electrical works, interior fit-out works, external infrastructure services and landscape works, HVAC works, PHE works, and HT and LV system works. Once completed in June 2015, the facility can accommodate 440 cars and 250 scooters in a
fully automated fashion. The Multilevel Automated Car Parking facility is an initiative taken by the Greater Hyderabad Municipal Corporation (GHMC) to decongest parking spaces. IL&FS Engineering and Construction Company Limited operates as an infrastructure development, construction, and project management company in India and internationally. The company develops and constructs roads, expressways, and highways; residential buildings, commercial buildings, hospital buildings, and industrial structures; irrigation canals and dams; and thermal and hydel power projects.
McDonald to design metro stations
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ott McDonald Group Limited, a UK-based engineering services consultancy, has won a contract from Larsen and Toubro to design six stations for the Hyderabad metro development in the state of Andhra Pradesh, India. The INR164 billion ($3.1 billion) Hyderabad metro project covers a total distance of 71.16km. The project comprises three corridors and 66 stations Miyapur to L.B. Nagar (28.87 km/27 stations), Jubilee Bus Station to Falaknuma (14.78km/14 stations) and Nagole to Shilparamam (27.51km/23 stations). Currently, Larsen and Toubro is implementing the metro works in Hyderabad.
stations at Ameerpet, Parade Grounds and the Mahatma Gandhi Bus Station. The consultancy will also design three other stations located at Panjagutta, HiTech City, and Jubilee Hills Checkpost. It will use building information modelling (BIM) which will offer significant benefits such as better resolved solutions, faster project delivery, enhanced sustainability
and improved whole life performance. The metro will be capable of carrying 60,000 passengers per hour at peak times. The power will be fed back into the grid through regenerative braking supplying 45% of the energy required. The construction work for the entire project is due to be completed by the end of 2017.
Mott MacDonald will provide architectural, structural, and public health design services for three interchange
Land Acquisition Act to be enforced: Mayor
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ayor Mohd Majid Hussain has directed Greater Hyderabad Municipal Corporation (GHMC) officials to acquire property under the Land Acquisition Act if property owners do not come forward for negotiations. He also asked the town planning officials to file
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caveat in court cases to prevent status quo in land acquisition cases. Speaking at a review meeting with the town planning officials on road widening issues, the mayor said the Lakdikapul parallel bridge got delayed due to court
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cases. Otherwise it could have been inaugurated a year ago. Majid Hussain said the GHMC was spending about `294 crore on flyovers, bridges, another ` 94 crore on developing link roads and ` 225 crore on road widening works. (Source: From news papers and sites)
Cover Story
Hyderabad Beckons The city with its high class infrastructure in place has emerged as the global destination for the big players to step in, and add further momentum to its prolific growth, reports, Chacko Joseph
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he age-old city of Pearls and Nizams-Hyderabad, known for its rich culture, jewels, cuisine and adab, the paradox of antiquity and the modernity is once again rearing up to take up its place in the sun. Driven by a massive infrastructure development that has dotted the canvas of the city in the last decade, the city is once
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again poised to be a promising global investment destination. Since 2008, an array of IT/ITeS, pharmaceutical, bio-technology, SEZ, industrial park and high end residential projects have been vying for their address in the city. An impressive line up of multinationals includes IBM, Perot, Accenture, HP, GE, Convergy’s,
H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
Google and Facebook. Hyderabad had its anxious moments when real estate prices crashed to nearly half driven by political turmoil and global economic slowdown. Also the uncertainty over the land reservation regulation Government Order (GO 45), which mandated allocation of
Cover Story 20% of the developed land to the economically weaker section (EWS) as low-income (LIG) housing was another spoil sport. Known for its resilience, the city has demonstrated its ability to withstand rough weather and rough it out. The residential and commercial markets have bounced back. The city is once again abuzz with serious business. Some of the big players who recently moved in are Velocity Networks, AMD, Micro Excel, Novartis, Pai Electronics, Supreme Electronics, and Docomo.
The City of Nawabs is a not a Slacker Regardless of political and economic aspects, Hyderabad has seen steady investments in infrastructure in the last decade. The major infrastructural developments are seen as the primary drivers for the city’s real estate market. The list of key projects that have been implemented or are in the process of getting implemented include: The development of HITEC City, a composite township prepped with state
of the art technologies and facilities for IT and ITES companies; The Rajiv Gandhi International Airport; The Narasimha Rao Expressway, the 11.6 km elevated Expressway connecting the Rajiv Gandhi International Airport to the city; The Nehru Outer Ring Road, which is a 159 km ring road connecting Patancheru, Shamshabad, Hayathnagar and Medchal. It is designed to provide
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Cover Story currently covers 27 stations and runs approx 84 services; and
connectivity to various state and national highways and the Rajiv Gandhi International Airport; The Hyderabad Growth Corridor initiative to develop “well planned and well connected urban settlements”,
around the Outer Ring Road; The Hyderabad Multi-modal Transport Service (MMTS), the city’s local train service, associated with South Central Railway (SCR) that offers integrated ticketing with APSRTC. The network
P Dasharath Reddy, President, Andhra Pradesh Real Estate Developers Association (APREDA) There is a lot of scope for Hyderabad to grow in next 3 – 5 years. The Outer Ring Road (ORR) brings in easy connectivity between NH 9, NH 7, NH 4 and state highway. It will connect to the inner ring road through a network of 38 radial roads which in turn will enhance the connectivity of the city to its periphery and the Hyderabad International Airport. Hyderabad Metropolitan Development Authority (HMDA) plans to expand the city in 30 kms radius of ORR, which translates to a whooping 7800 Sq KM extension. The rates in the city are almost 50% lower compared to the neighbouring states. The GO 168 allows unlimited Floor Space Index (FSI). This is attracting national players. We expect rates to double in next 3-4 years. In the commercial sector there are challenges of absorption and migration from old to new city. But, the supply will be absorbed in next few years. In the residential space the premium projects are very few and mostly limited to Banjara Hills. In the peripheral areas, the builders have cut the prices from Rs 3000 per Sqft to Rs 2300 – 2200 per Sq Feet. Builders are also moving in to cater to Rs 2000 p sqft segment in the outer areas. Compared to other destinations like Bangalore, an IT company can move into Hyderabad and provide accommodation to its staff as well at half the cost. The nightlife in Hyderabad is conservative, but there is a scope of 30 - 40% growth in next 3-4 years. At the same time, Hyderabad is a cosmopolitan city with friendly people, good weather and a wide variety of cuisine.
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The Hyderabad Metro Rail project, which has a route length of 72 km covering three high density traffic corridors of Hyderabad, in the first phase. Perhaps of more importance, however, is Hyderabad’s emerging future as one of India’s central Information Technology and IT enabled service hubs. To date, many software, business process outsourcing (BPO), as well as call center firms have taken up office, especially in and around Hi-tech City and Financial district in Cyberabad Development Area. The city has become home to American IT giants such as Dell, Oracle, and General Electric. Hyderabad has also become the foremost destination for Microsoft Development Center in India. In a step to further boost investment the Central Government has cleared the proposal to develop IT Investment Region (ITIR) in Hyderabad, which envisages creating world-class infrastructure around Madhapur, Uppal and Shamshabad in an area of 50,000 acres. There is growth of massive residential developments around Hitech City, Madhapur, Kondapur and Gachibowli; which is dominated by IT sector. Premium residential constructions are moving to other places as Begumpet, Banjara Hills, Jubilee Hills and Marredpally are almost near saturated. Himayatnagar, Secunderabad and Dilsukhnagar are the other favoured residential micro markets. Kukatpally, Nizampet, Miyapur, Chandanagar, Kondapur and Kompally are the emerging micro markets for next 3-5 years. “The city is witnessing a stream of investments in Residential Properties. “In financial Year 2012-2013 government relaxed the reservation norms for EWS/ LIG housing as per GO 245 which got positive response in the developer circle,” adds Dr. Samantak DasResearch & Advisory Services, Knight Frank India Western Hyderabad is expected to account for nearly 60% of residential property growth. Gachibowli is expected
Cover Story to gain the lions share followed by Kukatpally, Miyapur and Kondapur. Mid segment customers are currently driving the demand and the trend is expected to continue. Developers are already catering to this segment and more projects are on anvil. One of the key points of Hyderabad real Estate market is that it is being driven by end user. Besides in the crafts industry, the city is known since ages for it’s jewellery, cutting and polishing of precious stones and pearls. It produces bangles, silverware, saris, paintings and artifacts, unique handcrafted items such as Bidri wares, silkware, cottonware, and clothing materials that have been traded through the city for centuries now. The retail industry has also seen a marked raise due to the growing international and national brands that have set up retail stores in the city. Multiple central business districts have been constructed with the major business and commercial districts housed in the Abids-Kothi-Nampally areas, the Kukatpally-Chandanagar-BHEL areas, and the Banjara Hills-Jubilee HillsKothaguda areas are among others. In fact, for the advancement of city infrastructure, a skyscraper business district at Manchirevula is being built by the government. Upon its completion, the APIIC Tower building at its center may become the tallest building in India. The Commercial sector is not yet stellar, but the leasing market is picking up. Statistics from multiple sources show that the lending rates have remained resilient for past one year even though there is a variation in number of transactions. This bodes well for the future outlook as the world economy sputters to growth.
N.Chandra Mohan Reddy, I.F.S, Additional Commissioner (Urban Biodiversity), GHMC Hyderabad is lucky to have most open spaces among the old cities of India. It includes large premises, compounds of big manufacturing companies like BHEL, Kasu Brahmananda Reddy National Park and 5 -6 major parks. The open spaces range from 1000 Sq metres to approximately 25 acres. In 2-3 years time, Greater Hyderabad Municipal Corporation (GHMC) plans to cover all municipal open areas with greenery. New projects are required to have 20% open spaces in which 10% is for tree parks. Then there are community parks. Hyderabad has 176 large lakes and in next two years all lakes will have periphery meshes. The natural terrains in dozen places are being converted to bio diversity parks with local plants. This is to contain the water level which is going down. More theme parks and gardens are being developed and some with landscaping. This financial year, a total of Rs 60 – 100 crores is expected to be spent on urban forestry. Parks require 5-10 lakh’s to develop unlike a flyover or a concrete structure. The focus will be on tree parks. Hyderabad Metropolitan Development Authority (HMDA) has its own green initiatives. Maintenance for larger parks is handed over to the contractors and there is a fee for the users. Smaller parks have been handed over to community, colonies and welfare associations. There are challenges like land mafia which GHMC faces during fencing of lakes. Citizens are required to come forward as they are the ultimate beneficiaries.
Development Authority (HADA) areas close to ring road are expected to see development as primary office areas in future owing closeness to the International Airport. The IT/ITeS sector has been the primary
driver and backbone of the office space market in Hyderabad. Manufacturing sector, a poor second, is the next big driver of office space and is expected to continue to do so. Non IT services is the third biggest driver. The equation is not
The current format of office markets is not expected to drastically change. Begumpet, Ameerpet, Somajiguda, Banjara Hills and Jubilee Hills form the CBD & Off- CBD office markets. Madhapur, Nanakramguda, Kondapur, HITEC City and Gachibowli are primary IT/ITeS office markets. The non primary markets include Uppal and Pocharam. Shamshabad and Hyderabad Airport
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Cover Story expected to change in near future. Compared to other metropolitan cities like Mumbai, Bangalore, Chennai and the NCR, Hyderabad has plenty of space and scope for growth. Single point growth may be risky
Neerabh Kumar Prasad, I.A.S, Metropolitan Commissioner, HMDA We have already uploaded the Metropolitan Development Plan - 2031 for Hyderabad Metropolitan Region land use demarcation: Under the Master Plan 2031, there is a clear land use demarcation. There are 13 urban nodes and 14 urban Centers along the peripheral ring road.
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Transportation Sector: An integrated plan is set to be finalized by September 2013. The plan focuses on 2020 as short term goal, 2030 as the medium term goal and 2041 as the long term goal. Intelligent Transportation System (ITS) with assistance from Japanese International Cooperation Agency (JICA) for Outer ring Road and later within the city.
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Public transport: The Metro Rail is schedule to begin service by 2014 and the first phase is set to be completed by 2017. The outer Ring Road is almost 75% complete and is expected to finish in a year’s time.
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Sustainable environment and Lake development plan is being implemented
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There is an Industrial Estate master Plan
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Information technology Department of Hyderabad is ready with plans for Information Technology growth corridor.
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Plan for Health and Education is ready
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Tourism and recreation plan is ready
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Planning to make Hyderabad as the International Conference Capital. Hyderabad International Convention Centre (HICC) already exists; we plan to add more facilities.
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A high quality International Airport is already ready.
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It is evident that Hyderabad is banking on the government supported infrastructure projects to grow. This may not be the best strategy and political upheaval’s that Andhra Pradesh is likely to face relating to Telangana state could be a dampner. A stable Andhra Pradesh government in 2014 is less likely. Even if a stable government is formed the Telengana issue is expected to persist leading to political uncertainties. Hypothetically if the Telengana State is formed before elections, the existing government backed plans may cease to exist or may be delayed. The ITES led growth appears lot less effective when compared to the infrastructure projects and is dependent on the damp world economy. This factor may also not be a very secure mode of growth driver. “Government’s job is to create high quality infrastructure to attract
Cover Story investments. The plan is to create primary infrastructure under PPP (publicprivate partnership) mode and leave the secondary infrastructure to private sector.” contends Neerabh Kumar Prasad, Metropolitan Commissioner, HMDA .
IT Investment Region (ITIR) in Hyderabad Information Technology Investment Regions (ITIR) have been conceptualized to boost the growth of both IT/ITES and Electronic Hardware Manufacturing (EHM) Units.While attracting investments, creating employment opportunities and economic growth in the area, it will reduce the pressure on existing urban centers by enabling growth of new townships and dispersal of industry.
Hyderabad needs other drivers for growth
Built under PPP model the area will have its own Public utilities, residential area, social infrastructure and administrative services.
The shift of Hyderabad from industrial to a service hub needs a possible rethink. Ideally, the service hub should be an additional layer of growth driver to the old world industrial economy. The manufacturing sector is poised for a big growth after the Government of India’s announced its National Manufacturing Policy.
Each ITIR is expected to be a specifically notified investment region with minimum area of 40 sq.kms. planned for IT/ITES and EHM Units. The minimum processing area will be 40% of the total area. The ITIRs will be developed in a phased manner.
Services, manufacturing, agriculture and Construction have been the traditional growth drivers world over and is true for the city too. Incase of anomaly in Government supported infrastructural plans, manufacturing forms a firm footing for real estate growth. Other than PPP model, the government should also encourage exclusive private sector run infrastructure projects.
The State Government will make available physical infrastructure and utilities within its jurisdiction (power, water, roads, transportation, sewerage and effluent treatment facilities) and the Central Government will facilitate development of National Highways, Airport and Rail links. Commissioner Neerabh says that government has plans in place to create additional growth drivers. “Tourism, education, theme parks,Special Economic Zones (SEZ’s), secondary healthcare and others are left for the private players. Then there are growth corridors and each urban node is going to be dedicated to a particular sector
like manufacturing, tourism etc,” he says. On movement of Hyderabad from manufacturing to service hub, he further says “Manufacturing in Andhra Pradesh is picking up on Karnataka and Tamil Nadu borders. In Hyderabad, we are focussing on small scale units on outer ring road.” Conclusion The current optimism which began in 2012 and the end user driven growth of Hyderabad’s real estate market is surely different from past when investment demand led to the growth. ICICI property Services expects the markets to consolidate with a nominal appreciation of 5%-7% YoY, over a 5-year horizon. 2013 prices are expected to remain checked due to supply, but with Multimodal Transport System (MMTS) and ORR construction activities are expected to give a 20-40% boost to the real estate prices in most pockets. The city has well planned roads, airport connectivity, quality educational institutions and other social infrastructure. The undervalued properties, the positive mood and the recovering economy is bound to attract investment demand again in near future. Under the current economic scenario, Hyderabad is undoubtedly the hottest attraction in terms of valuations and the long term opportunities overweighs the short term risks. June - July 2013
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Market Trends
NHB Residex
(Issued by NHB)
CITY WISE HOUSING PRICE Trends
Residex, which has been set up by the Naitonal Housing Bank (NHB), tracks the movement of prices in the residential housing segment. The moment for the October-December, 2012 indicates a stable performance for Hyderabad as compared to other metros.)
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H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
Special Report
After the lull, vibrancy dazzles Hyderabad Residential segment has now bounced back and is said to shower further rewards, finds, Kishore Upadhyay, after touring the various zones of the city
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fter a prolonged slump due to global recession and political turmoil, Hyderabad’s realty is now on an upswing. Moreover, the city with its buoyant and thriving economy and a dynamic workforce is once again promising to be a buyer’s market. The software and managerial cadres are further giving an impetus to consumerist trend, where the top priority is, obviously, housing. The software corridor in the western sector is back to business. New projects have evoked a positive trend, expected to firm up further in over a year. The boom along the western corridor from Madhapur hi-tech city to financial district of Gachibowli and Nanakramguda is notable. Prices rose by almost ten per cent in the last quarter. End-users and investors alike are eyeing such properties quoted in the range of Rs 40 Lakh to Rs 70 Lakh. West Hyderabad encompasses Kukatpally, Hydernagar, Madhapur, HiTech City, Kondapur, Chandanagar, Miyapur, Gachibowli, Nanakramguda, Narsingi, Manikonda, APPA Junction, Khajaguda, Kismatpur, Hyderguda, Gopanpalli, Tellapur, Nallagandla, Kokapet and Gandipet. WEST HYDERABAD Kukatpally has gradually grown into the prized property jewel, with prominent residential projects, commercial
Residential Hotspots complexes, and flats, too. Initially, the KPHB was the only landmark here, and the area looked like a rustic town. Not even a suburb. Yet the KPHB and the relative socio-economic activity has helped the sleepy village to evolve gracefully. Being on the Mumbai highway, and nearness to the MMTS track, and now Metro rail are its USPs. This has prompted Mahindra Life spaces to come up with its mega project Ashvita on the strategic Hitech city to Kukatpally road with five residential towers on a nine-acre land. Spots around the Jawaharlal Nehru Technological University (JNTU) and the Malaysian Township beckon higher mid-segment and premium segment. Sales have been brisk but the premium segment has shown a moderate trend in the past two quarters. Hydernagar, off Kukatpally,
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Special Report is fancied by the mid-segment as the price ranges from Rs 2,800 to 3,500 per sq ft. K Gopalakrishna of Hallmark Constructions, who has a project Gowra Hallmark Township in Manikonda, opines. “There is good market with flats quoted at Rs 3,000 per sq ft. Many projects are coming up there. Aparna, in its variants, and Legend to name a couple of them are major landmarks.” The Manikonda and Khajaguda areas cater to higher mid-segment with prices of Rs 3,500 to Rs 4,200 per sq ft,
NRIs seem to opt for residential units in the area. The corporate sector buyers, and people from outside the state --- those from UP, MP Bihar, Bengal, Maharashtra and Karnataka --- are veering around to this prized location. They are the ones who have decided to settle here, unperturbed by the passing phase of political uncertainty. “For them this is their home to live and settle, too”, he adds. Because of its great appeal, these migrant citizens are looking at this spot of Hyderabad to settle down.
Gopanpalli with prices quoted at Rs 2,300 to 3,000 per sq ft is attracting the mid-segment buyers. Likewise, Tellapur, too, caters to the mid-segment and villa enthusiasts. The prevailing plot rate is Rs 14,000 to Rs 18,000 per sq yard, while constructed area ranges from Rs 2,500 to Rs 4,000 per sq ft. Yet the sale of mid-segment projects may be slack as buyers prefer the nearby Gachibowli. All the same, villa projects may witness a relatively better off-take, the reason being they are in short supply.
Villas in a gated community are major attraction. “It is a simple thing to own a villa, for the sheer permanent value it has. The land is yours for all times. You can modify, renovate, facelift, or do anything that you want and fancy”, he adds. The villa has a lasting value.
G Hari Babu of Lahari Green Park, commenting on the bright scenario of independent villas and duplex units at Tellapur, says “Now the land value is up by 33 per cent.” Besides, the industrial estate near Nandigaam, and APIIC’s allocation of 30,000 acres of land for ancillary units will generate many jobs, and in turn residential spaces. “So that is going to be one big hot spot”, he adds. Gachibowli is witnessing prices of Rs 3,000 to 4,000 per sq ft, depending on parameters like location and quality. “Recent projects have evoked good response. And 40 to 50 per cent NRIs seem to opt for residential units in the area. The corporate sector buyers, and people from UP, MP Bihar, Bengal, Maharashtra and Karnataka are veering around to this prized location. They are the ones who have decided to settle here, says Dr Y Kiron of Suchir India Infrastructure. Because of its great appeal, these migrant citizens are safely looking at this spot of Hyderabad to settle down. Even Nanakramguda is attracting higher midsegment buyers. M Vijaya Sai of S & S Green Projects,
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North Hyderabad broadly covers Sanathnagar, Balanagar, Bowenpally, Tirumulgherry, Kompally, Alwal, Sainikpuri, A.S.Rao Nagar, Bolaram and Shamirpeth. says market is showing considerable signs of recovery. Villas are in good demand while apartments in the midlevel and luxury segment are seeing brisk movement because of locational proximity to the IT hub and city’s best schools. “There may not be substantial growth but customers can expect appreciation in terms of their investment because of rapid infrastructure development of Hyderabad”, he adds. APPA Junction, Narsingi and Kismatpur are evolving as new residential addresses along the western corridor due to their proximity to ORR and the knowledge hub of Gachibowli. Midsegment property at Narsingi and Appa Junction are quoted at Rs 2,600 to Rs 3,300 per sq ft. NCC Urban’s residential apartments is a major ongoing project that buyers can look forward to here. Kismatpur and Hyderguda offer villas costing Rs 1.5 crore to Rs 3.5 crore. Kokapet and Gandipet predominantly have villas in the price-band of Rs 1.5 to Rs 3 crore. Gachibowli offers great potential for upper middle income buyers. In the next four months, the impact of brisk growth will be visible. And 40 to 50 per cent
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NORTH HYDERABAD
While north Hyderabad has seen slow but steady growth with its outskirts being dotted with luxury housing and affordable villas. An enterprising realtor ventured into the hitherto low-value Sanathnagar market to attract the higher mid-segment with price range Rs 3,500 to Rs 4,000 per sq ft. The idea clicked. Kompally has villas in the Rs 50 Lakh to Rs 1.25 crore bracket. Yet luxury housing at Kompally has not evoked much response. The trend of low sales over the past year may continue. Alwal has some stand-alone projects with price
Special Report and budget villas. Price for flats hover around Rs 1,800 to Rs 2,200 per sq ft. Villas are quoted at Rs 35 Lakh to 60 Lakh. A 1,000 sq ft flat costs Rs 30 Lakh, near Singapore Township at Pocharam.
tag of Rs 2,000 to Rs 2,500 per sq ft. A.S.Rao Nagar, near Sainikpuri, offers affordable houses and villas in the range of Rs 1,900 to Rs 2,200 per sq ft, Villas are quoted at Rs 40 to 60 Lakh. R Ashok Swaminathan of Modi Builders & Realtors commenting on the prevailing scenario says, “It can only get better. Overall the prospects look bright. Comparisons depend on viewers’ mood and preference. Although western part is booming but north has its own ambience and charm. While connectivity and commuting time are two factors that work on buyer’s mind. Those on the lookout for being located far from the wilderness, north Hyderabad with its open green stretches offers an ideal bargain. Independent houses are in the range of Rs 40 Lakh to Rs 50 Lakh. Apartments are quoted at Rs 1,900 to Rs 2,500 per sq ft. A similar sentiment is echoed by Ravinder Agarwal of Omega Shelters. He asserts that in the past one year the trend has picked up tremendously. Indeed, he sees a scope of forty per cent growth for the residential sector. Reasonably good demand prevails. In the plotted area, the rate is Rs 6, 000 to Rs 10, 000 per sq yard. Plots, bungalows duplex units are all being lapped up by buyers. This area has sizeable construction activity in the 2 BHK segment in the price in the range of Rs 2,400 per sq ft.
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Hyderabad Metropolitan Region 2031 East Hyderabad covers Uppal, Pocharam, Ghatkesar, Bibinagar, L B Nagar, Vanasthalipuram, Nagarjun Sagar Road and Srisailam Road EAST HYDERABAD
M Sridhar Rao of Green Life Builders asserts that even the east zone has come to the fore as compared to other zones. Flanked between Uppal Road and Nagarjuna sager Road, the area stretches up to 25 km along the Warangal highway, spurred by the growth of many educational institutions, development of the Charlapally industrial belt. It has almost merged into the city in the past couple of years, despite the negative trend elsewhere. Emerald Heights, near Uppal, Emerald Park near Pocharam, and Sunshine Park at Ghatkesar are some of the prominent projects of Modi Builders here. “On the other hand, Nagarjuna Sagar Road with its untapped virgin stretches has immense potential for wellorganised layouts. Roads here do not go to other states but to Vijayawada and Guntur, giving an easy passage to the rich Andhra belt and Prakasam district. So while it does not have the kind of national highway traffic, it affords intercity connectivity, too. Besides, it is nearer to the main city via Santosh Nagar, as compared to L B Nagar”, Sridhar Rao further adds. The corridor along the Nagarjuna Sagar Road is dotted with defence establishments, research laboratories and academic institutions, especially
Interestingly, the east zone has woken up from a long slumber. The Warangal Road is mushrooming with activity. The Infosys, AP Housing Board’s project and Raheja Mind Space at Pocharam have been major drivers of growth in this region. The ORR and the forthcoming Metro Rail connectivity up to Uppal have come as an icing on the cake. Uppal and Boduppal is driven by the unorganised sector dotted by houses on 100 yard to 250 yard plots. They are quoted at Rs 25 Lakh to Rs 45 Lakh. Prevailing prices range between Rs 2,600 and Rs 3,400 per sq ft for flats. Likewise, Pocharam and Ghatkesar have affordable housing
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Special Report engineering colleges. Moreover, the government is planning a huge defence complex outside Ibrahimpatnam. Being on the GHMC border the quadrant is a spot to watch!
agricultural university campus. SOUTH HYDERABAD
Dr Ln Y Kiron of Suchir India Infrastructure says Shamshabad is going to be the next destination in the premium market, much like Gachibowli. The prime corridor of Shamshabad-Gachibowli will have substantial growth. As it is, now the GMR covers 4,000 acres wherein it is planning a lot of activities like day and night entertainment, recreational facilities, expos and exhibitions.
The recent feather in the cap is TCS project at Adibatla, adjacent to the Ring Road. With the Srisailam highway and Sagar Road abutting it, Adibatla is a famed landmark with the thriving software industry making an impact in the past couple of years. Near the Ring Road, just ten-minute drive, one can get independent house in the range of Rs 25 to 40 Lakh with plot size of 2,000 sq ft and built-up area of 800 to 1,200 sq ft. In L B Nagar, it is difficult to get land, and if available, it could be in the range of Rs 60,000 per sq yard. One must also note that one of the oldest governmentsponsored housing colonies is located at Vanasthalipuram. Just like the Kukatpally Housing Board at the other end. Now all building activity is revolving around that landmark. Being close to the Vijayawada highway, it has many takers. The rate is Rs 6,000 to Rs 8,000 near Ring Road, Rs 14,000 per sq yard at B N Reddy Nagar and Rs 24,000 at L B Nagar. M Sridhar Rao opines that against the backdrop of 2031 master plan, realty industry in this region will take a giant leap, especially with the radial roads and enhanced connectivity and faster communications. South Zone encompasses Shamshabad, Shadnagar, Katedan Industrial Area and Rajendra Nagar, which incidentally has
to 70 Lakh. Likewise, a project near Nandigama on Bangalore Highway is attracting enthusiastic prospects.
South Hyderabad has come to fore, ever since the announcement of International airport at Shamshabad almost a decade ago. The place with vast tracts of open plots is mainly seen as an enviable investment option and the gestation period is bound to be long. But the investor interest is sturdy, steady and stable. Shadnagar is another area attracting investors, who are buying land with a long-term view. Plots off Airport, along the Srisailam Highway, are priced at Rs 1,400 to Rs 2,000 per sq.yard. Along Bangalore Highway prices are Rs 1,500 to Rs 3,000 per sq.yard. Here, realtors have been offering the affordable villa concept, pricing them at Rs 40 Lakh
Besides the green belt zone and bioconservation plans will add to the scenic beauty of the South Zone .Groundwater level is positively satisfactory. Landscape beautification and G O 111 makes the area attractive. Universities and industries coming up in the area will further boost the residential realty. Employment generation and sound infrastructure are the other highlights of this zone. Dr Ln Y Kiron refers to the railway station yard at Kothur along Bangalore highway and the ISRO facility as growth engines. It will take just ten minutes to reach Mehdipatnam, 15 minutes to reach Gachibowli. Land is available at a competitive land rate. While elsewhere 15 km from Gachibowli a villa is quoted at Rs 2.5 crore while here in Shamshabad you get a villa for as less as Rs 1.5 crore. Attapur is now the prized spot among Marwadis. Agarwals and those of their ilk, who had their ancestral home in old city, are now turning to Attapur, for its proximity not only to the old city, but also to the airport. It is strategically located. Earlier, they used to shift to Himayathnagar or Banjara hills, but now Attapur is their clear and definite choice. From there, one can reach any radial, be it Himayathnagar, old city or the software hub of Gachibowli, says B Nageshwara Rao of Legend Estates. Central Zone covers such areas as Jubilee Hills, Banjara Hills, Kavuri Hills, Panjagutta, Begumpet, Somajiguda, Necklace Road, Mehdipatnam Ameerpet. Marredpalli, Himayathnagar, Tarnaka
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Special Report
CENTRAL HYDERABAD
South India’s leading developer Brigade Group launched a project on Road No.7 in Banjara Hills. This premium project comprises 55 air-conditioned residences, one per floor. The area ranges from 3350 to 3510 sq ft. The 3 BHK and 4BHK, flats cost Rs 3.6 crore plus. High-rise apartments being built on smaller plots (as land is scarce) in this area are priced at Rs 6,000 to Rs 8,000 per sq ft. A quiet pocket in the central zone is Kavuri Hills that has small projects at Rs 4,000 Rs 4,500 per sq ft. Of course, Jubilee Hills like Banjara Hills is the most coveted address in the Hyderabad realty market. T Srinivas of Vaishnavi Estates, asserts that that Hyderabad central zone is already developed and land rates are high and cater to high-end segment. Banjara Hills which has hitherto been cold to the idea of flats recently saw the sneaking in of flats. Well, they are normally three-or four BHK flats, with built-up area of 2,000 to 4,000 sq ft. Depending on the quality of construction and Promoters, the price ranges from Rs 7000 to Rs 10,000 per sq ft Though villas are not viable here, one
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comes across the concept of terrace villa as flats though compact in relative terms have the ambience of a villa. Open plots are hard to get, as earlier said, it is saturated and one has to scout around hard to find a plot. B Nageshwara Rao, Legend Estates, says the Central Zone presents an excellent scenario. Of course, it is hard to get open plots in this area as it is the core Central Business District. The rate of flats ranges from Rs 7,000 to Rs 8,000 per sq ft in Banjara Hills, and Rs 6,000 per sq ft in Himayathnagar and as low as Rs 4,500 in Padmarao Nagar. But buyers prefer no less than 1,800 sq ft flat, never mind if it is known as 2BHK. That shows the opulence and style people tend to appreciate and crave for. Elsewhere in Hyderabad, plus 1400 sq ft is in demand. “People tend to think it as one-time affair, why compromise? It is a dream come true for many people. So some extra space is always preferred”, says Mr. Rao, who has executed projects almost in every zone: Miyapur, Kothapet near Dilsukhnagar, or Attapur. Adjacent to it, Begumpet which has premium projects with price-band of Rs 5,000 to Rs 7,000 per sq ft. Is witnessing stable growth. Apartments in the Himayathnagar area carry a tag of Rs 5,000 to Rs 14,000 per sq ft Himayathnagar has grown so much that it has limited scope now for massive projects. Yet the momentum will continue and Himayathnagar will retain its dominance.. B Subba Reddy of Vamsiram Builders, says that flats dominate in the core city, and villas are favourite in other GHMC
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areas, that is newly merged upcoming areas. Plots, because of their inherent strength and security are prized by investors with an eye on the future in HMDA area. Being close to the economic and financial hub, Marredpalli has an inherent enduser segment. Especially traders have by convention liked the area. With limited supply in its vicinity, it remains a focal spot. The nearby Kavadiguda has seen infusion of fresh supply in the higher midsegment with prices of Rs 4,000 to Rs 4,700 per sq ft. Tarnaka has government establishments, public-sector units and Osmania University. Its ambience is unique and has a special appeal for the discerning buyer. The price is around Rs 3,000 to Rs 4,000 per sq ft M V Narendranath Reddy of Grand Ville Realtors says “Everybody is waiting for elections to get clarity on the issue, but otherwise things are good in the city. Outskirts have shown sizeable movement as compared to the core. Although residential market has seen a steady rise with quite a many potential pockets of investment but the outcome of next year’s general elections will decide the contours of the realty market in Hyderabad.” So we see that the happening city of Hyderabad with an extended ambit of around 7,228 sq km under HMDA according to the recently approved Metropolitan Development Plan 2031 , the 158 km 8-lane Outer Ring Road (ORR), encircling the city and the network of 33 upcoming radial roads residential real estate in Hyderabad is in for a spin-off.
Hertiage
18 Intach Heritage Awards th
Monuments create a visual connect of the bygone era to the modern times. Intach brings to the fore some of these invaluable gifts of the antiquity to the posterity, reports Kishore Upadhyay.
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n a glittering evening, at the Salar Jung Museum, Prof Faizan Mustafa, vicechancellor, Nalsar University, handed over the 18th Intach Heritage awards on the World Heritage Day. Six monuments with intrinsic heritage value and architectural style that got the awards are Gosha-Mahal Baradari, Moula-Ali Kamaan, Christ College, Accountant General’s Office, Hyderabad Public School principal’s bungalow and
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CCMB’s La Cones Campus. Of 120 plus nominations, 24 were shortlisted. Interestingly, the ancient embraced the modern as 17th century Gosha Mahal Baradari shared the limelight with the rockscape at the Laboratory for the Conservation of Endangered Species. Gosha Mahal Baradari Ramesh of Goshamahal Biradari building committee said, “ The Goshamahal Baradari got the award as sole surviving example of Qutub Shahi civic architecture. Moreover, its associational value as home to the Freemasons of Hyderabad for over a century was also recognised.”
than 38 acres in area, fed by pipes and underground channels carrying water from the Hussain Sagar. The only part left today is the finely proportioned Guest House known as the Baradari --a splendid civic monument of the period still in existence.
Gosha Mahal was one of the most imposing of the 20 plus palaces built in Hyderabad by the Qutub Shahi sultans. Work on this vast complex which comprised over a 100 halls began in the reign of Abdullah Qutub Shah but ended only at the end of Abul Hasan Tana Shah’s rule in 1682. It was built on the northern side of a huge complex with a gigantic rectangular cistern more
Ramakrishna, director, AP state museums and archaeology, said the iconic historic arch, 40 ft tall, was recognised as the symbol of citizens’ protection and preservation efforts. After damage, it was renovated by the archaeology department at a cost of Rs 11.5 lakh.
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Maula Ali Kaman
Located at the foothills of the Maula Ali hillock in Malkajgiri, this grand
Hertiage gardens with huge trees lend a unique charm to the environment. Earlier a river flowed by the monument.
archway was built in 1812 during the reign of the third Nizam, Sikandar Jah. An iconic representative of the much revered shrine atop Koh-e Maula Ali, the saga of this historic archway is the record of a landmark victory for heritage conservation activists. Christ Church, Ramkote Presbyter Rev A Bennett of Christ Church said the church was chosen for its graceful proportions, simple yet arresting architectural features, the conscious efforts in retaining originality and its importance as a prime example of the city’s classical European architecture.
Accountant General office. In Andhra Pradesh. A new structure has been built within the vast grounds while retaining the heritage structure without interfering with its features or visibility from the street. HPS Principal Lodge M A Faiz Khan, secretary and treasurer, Hyderabad Public School Society, and governing board member, said they got the award in the residential bungalows category, for the care shown in preserving this facet of Hyderabad’s architectural legacy, Indeed, this is the second Intach award for the HPS. The first was for the main building Shaheen in 2000. A two-storeyed stone masonry structure, the Principal’s Lodge is an impressive building in a large detached compound within the campus. Its wooden staircase is a connoisseur’s delight. Numerous pieces of period furniture, some dating from the time of its construction, add to its ambience. The well maintained
Built in 1869 at Ramkote, to cater to Tamilians, this graceful church in the Gothic style is an enduring reminder of the contribution of European style to the city’s architectural fabric. Devoid of any profuse embellishments, the façade soars over the entrance to a square crown formed with four graceful pyramid shaped spires A G’s Office P Madhavi, senior deputy AG and Admin and Estate Officer, said the AG’s Office at Saifabad is over a century old. Built as the residence of Sir Afsur-ul Mulk, Commander-in-Chief of the Nizam’s Army, the building has for long been the
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The Hyderabad Public School was set up as the Jagirdar’s College of the Hyderabad State in 1923. Vincent Esch, architect of the Osmanian identity, designed the impressive buildings of the sprawling complex which apart from the class rooms and hostel blocks consisted of staff quarters. The most impressive among these ancillary buildings is the bungalow for use as the principal’s residence. CCMB-La Cones Mohan Rao director of CCMB, said they got the award under the Open Spaces category for sensitivity shown in protecting a part of the famed ‘rockscape’ of Hyderabad. La Cones, or the Laboratory for the Conservation of Endangered Species, is located on a sprawling campus at Hyderguda near Attapur. An annexe of the Centre for Cellular and Molecular Biology (CCMB), the La Cones campus responds to the attitude of respecting and restoring nature and its biodiversity. It does so in a remarkable and welcome departure from the present architectural trends which hardly heed regional sensibilities and climatic needs. Prof. Mustafa said heritage buildings and monuments represent composite
Hertiage culture, and not a specific religion. Like artistes, monuments do not have any religion and are the collective heritage of all Indians. “Civilisations live and die, but even in the decline of civilisation, humanity gets something very, very beautiful,” he said, and cited an example of Mughal romanticism at the fag end of the dynasty, and the romanticism in English literary tradition during the onset of exploitative Industrial Revolution. Quoting the Indian Constitution profusely, he referred to provisions for conservation of heritage monuments. Prof. Mustafa noted that for nearly 100 years after its establishment, Hyderabad did not have walls like other cities, probably because the Qutb Shahi rulers did not want to confine the city to borders. The city remains a brilliant representative of the composite Indian culture. State Intach Convenor M. Gopala Krishna lamented India has a mere 20 heritage monuments out of the 962 recognised by Unesco. With diligence, Hyderabad alone could have notched up this number. He also released the Intach journal. The jury comprised architect Syed Anwar Aziz, former professor
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of architecture, Deivanayagam and Shankar Narayan. P. Anuradha Reddy, convenor, Intach Hyderabad Chapter, said the awards aimed at highlighting the importance of conserving the city’s heritage. It created awareness about conservation and adaptive reuse of natural and built heritage to ensure their preservation for future generation. Intach convenor Shravan Kumar said historical buildings, both private and government, were nominated, based on conservation measures taken to maintain them despite re-use. Besides individual buildings, the discerning eye scouted group of buildings or ensembles. Care was taken to include all categories of architectural styles like Qutb Shahi, Asf Jahi, European, Osmanian, CIB besides unique architecture, rock formations, gardens and open spaces. Buildings, gardens and water bodies, do form the content mix of heritage. Every year Intach awards programme is conducted to create awareness about heritage and the need to protect it. “Our heritage is not limited to Golconda and Charminar. We have numerous
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other examples of built heritage which are highlighted and brought to public focus, through such functions. There are different fronts on which we have to work to preserve heritage. And through this event, we are trying to renew and revive a thought for our heritage among heritage lovers, architects, students, experts and masses,” said Sajjad Shahid, convenor, awards screening committee. The objective was to highlight the importance of protecting and conserving the city’s natural and built heritage, he added. A monument is an apparent splendour of the past glory. These monuments are the embodiment of the rich culture and heritage of the bygone times and establish a direct visual connect with the past to an onlooker. These living manifestations of the past are an invaluable gift of the antiquity to the posterity. Books, manuscripts, museums cannot tell the complete story until we preserve these potent masterpieces for future generations. They create comfort zones in this stressful space age. Intach awards stir people’s imagination and compels them to think about our glorious heritage.
Interiors
Gardening
Ever thought of garden lighting? Lighting up your garden can be both a challenge and also an opportunity to show your creativity and aesthetic sense, says Geetha Prasad.
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utdoor lighting serves three main purposes: safety, security and decoration. A series of lights can guide visitors along a path, while perimeter lighting can discourage intruders. Lighting all vulnerable spots in the garden provides a sense of security. Beyond purely practical consideration, lighting the garden allows you to see it in a whole new way, emphasising form, pattern, texture and shadow. Garden lighting allows you to create many decorative effects after dark, just by virtue of the patterns of light and shadow produced by night lighting. Good lighting begins with a plan. Before installing fixtures, think of the effect you want to achieve. Lights near a window can draw the eye outside, effectively enlarging the indoors and easing the transition between home and garden. A light mounted high on a tree can cast dappled ‘moonlight’ on the ground. A single strand of lights placed along an arbour makes any evening a festive occasion. You can achieve many interesting effects through the creative
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use of lighting. Downlighting: With downlighting, the source of light is above the subject, just as it is with natural lighting. Lamps near ground level cast concentrated pools of light on steps and paths. Tree mounted lights, which give an ethereal moonlit effect, also come under downlights. Uplighting: Here, the light projects upwards, causing foliage to glow. The lights should be positioned just above the eye level; if mounted below this level, they should be inclined away from the viewer. Uplighting produces intricate light and shadow effects when combined with downlights. Diffused Lighting:
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Light filtered
through transluscent material like plastic or canvas is useful when you need glarefree illumination over a sitting area or other large areas. Accent Lighting: Night lighting can be used in special ways to accentuate particular landscape features. Spot lights can focus attention on a plant or sculpture. Grazing light directed along a wall creates visual interest by highlighting surface texture. Underwater lights illuminate garden pools. Strings of rope lights effectively outline step threads. String of bud lights used in a tree glitter through the branches. Silhouette lighting accents special plants. Some outdoor lights, like lanterns, path lights, wall mounted units are made to be seen, but most are meant to blend with the background. For this reason, be sure to hide the fixtures as well as you can. geethaep@gmail.com (The writer is a landscape designer)
Happenings
Earth Day echoes on the theme of green cover
Indian Institute of Architects’ Silver Jubilee
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ealising the importance of trees and their role in maintaining ecological balance, Council for Green Revolution has been taking up tree plantation besides creating an awareness among the public on the need to increase green cover. Formed on Earth Day, on April 22, 2010, the Council for Green Revolution involves students and others in its programme to motivate them to plant more trees.Like previous years this year too many voluteers were mobilised to plant tress in and around Hyderabad. Only when beset with a calamity, man wakes up from his slumber to realize his folly and repent over the environmental hazard he has been causing. So, a day was set aside to introspect on ecology. Initiated by US Senator Gaylord Nelson at an environmental teach-in first on April 22, 1970, this was emulated by others. In 172 countries, millions observe the Earth Day. Environmental changes and their impact was the theme this year.
GIREM Planning Forward Hyderabad Conference 2013
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IREM, an industry body, under its Planning Forward series hosted a conference recently at Taj Krishna, Banjara Hills. It attracted bureaucrats, corporate delegates and industrial stalwarts, across India. APREDA was the industry partner for the event and its executive vice-president, Chalapathi Rao took part in the second session on Business Residence Corridors, wherein GHMC special commissioner Navin Mittal, senior director and head leasing, Tishman Speyer, India Himanshu Sharma were on the dais. At the end of the session it was recommended setting up Hyderabad Agenda Task Force to assist the city administration in prioritising development projects and monitor projects to ensure timely delivery.
he Indian Institute of Architects, Andhra Pradesh chapter, organised its silver jubilee celebrations recently. The function coincided with V V L Narasimham being inducted as new chairman, along with his team of office-bearers. Chief Minister Kiran Kumar Reddy was the chief guest. Stating that the institute has inadequate presence in state regulatory bodies, due to lack of infrastructure, Narasimham sought land for the institute’s office and architects’ housing quarters. He suggested that government projects should be decided as per Council of Architecture Act 1972 norms, employing competition or empanelment as norm. Their fee should also conform to the same, be it for landscape, urban design or any other task. Another pragmatic suggestion pertained to the appointment of architect consultants at the ward level to tackle and speed up local issues professionally. The reinstatement of the post of Chief State Architect and settling the issue of engineers and non Council of Architecture (COA) members practicing architecture were the other points that Narasimham highlighted.
Clean Hussain Sagar Campaign
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he second meeting of the ‘Forum for a Clean Hussain Sagar’, was held recently, wherein N K Prasad, metropolitan commissioner, said the HMDA is already implementing a Hussain Sagar Catchment Area Improvement Project (HCIP), which entailed several initiatives. They are being implemented to make the lake clean. Amongst other dignitaries it was attended by the president of APREDA. On this occasion APREDA president P Dasharath Reddy said that APREDA will come up with ideas to give an impetus to the initiative. Earlier, it was suggested that real estate companies could ensure nalas and lakes were taken care of at the time of their constructiong. Forum members could promote activities to prevent lake pollution, and help to create public awareness, conduct programmes and take part in activities to prevent pollution of any kind. Builders could act as a source of information on prevention of lake pollution.
Manasara the Cul-fest at JNTU
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anasara a cultural and technical fest was held at JNTU recently. The event included variety of sports and ‘on the spot’ competitions spread over two months with competitions on design, treasure hunt, singing and dancing.
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Since it is an architecture college fetes slanted towards design perspective like wall painting, column painting and design oriented ‘on the spots’ with a main design competition. APREDA was one of the co-sponsors. The three-day
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fest had C Damodar Raja Narasimha, deputy chief minister as chief guest. On the third day, Capt N Uttam Kumar Reddy, minister for housing was the chief guest and Dasharath Reddy, president, APREDA, the guest of honour.
APREDA Diary
Glimpses of the 17th AGM The 17th Annual General Body Meeting cum Elections of APREDA, held recently at Fort Grand, Shamshabad will be remembered for the times to come. Nostalgia ran high when the outgoing president P Prem Kumar recollected his eventful tenure and the challenges his team surmounted. While optimism and comradery marked the spirit of the new team members lead by P Dasharath Reddy who took over as the president of APREDA. R Chalapathi Rao and B Sunil Chandra Reddy have been elected as the executive vice presidents. M Vijaya Sai was elected as the secretary general and K Gopalakrishna as the treasurer. The General Body of APREDA unanimously elected its new Governing Body for a 2-year term. The AGM will also be remembered for the majestic surroundings of Fort Grand, where it was hosted by its promoter, MV Narendranath Reddy, who is also a member of APREDA, since its inception.
Head table at the AGM
Fort Grand, Shamshabad all set for the AGM 2013.
Members engrossed at the AGM proceedings
Col (Retd) Narne Ranga Rao, Founder President, greeting the newly elected President Sri P Dasharath Reddy at the AGM
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H HO OR R II Z ZO ON NS S AAPP’s ’s mmoosst tc cr er ed di bi bl el er er ae la el setsattaet em amgaagzai znien e
Sri P S Reddy, Chief Advisor, greeting the newly elected Executive Vice President Sri R Chalapathi Rao at the AGM
APREDA Diary
Sri V Krishna Reddy, Vice President presenting a bouquet to Sri M V Narendranath Reddy, GC Member
Release of Registration Poster at the AGM
Col (Retd) Narne Ranga Rao, Founder President, presenting a bouquet to Sri D Linga Murthy, GC Member
Musical programme at the AGM
Moments at the Monthly Meeting
Sri Vinod Kumar G Agrawal, IAS, Principal Secretary Revenue (Registration & Stamps) addressing the Monthly Meeting
Sri M Vijaya Sai, Secretary General, APREDA presenting a bouquet to Sri K Rajendra Prasad, Member, APREDA
Sri B Sunil Chandra Reddy, Executive Vice President presenting a bouquet to Sri Rakesh Talwar, Member, APREDA
Sri M Murali Mohan, Chief Mentor, APREDA presenting a memento to Sri Vinod Kumar G Agrawal, IAS
June - July 2013 June - July 2013
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In focus
Time to rationalise Seigniorage fees R Ashok Swaminathan looks at this contentious issue and counsels a clear-cut policy to end builders’ woes.
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eigniorage Fees is to be paid for using minor minerals such as sand, metal and gravel/muram. These materials are purchased from dealers who have to give a copy of the way bills for each load supplied to a consumer, confirming payment Seigniorage charges. As of today, the practice is such that major builders keep a copy of these mining way bills but individual buyers just don’t keep track of them. So one cannot reckon with the precise data in this regard. Therefore builders are asked to pay Seigniorage charges on the assumption that they are not paid by the supplier. Ironically, the mines department is not the one monitoring usage of these items but it is the vigilance department (an investigative body) that goes to some builders’ offices, or locates construction sites and then issues notices if the quantity used is short of its estimate. We are all well aware that the builders are constantly upgrading and keeping up with the latest technologies in the building industry. Ready Mix Concrete or RMC is widely used by most builders wherein the concrete is delivered to site in a pre-mixed state and hence the builder does not have to worry about purchase of either metal or sand for his slab work. Also, gone are the days when builders used Red Clay Bricks (black soil, red soil/clay etc.), Solid Cement Blocks or AEROCON bricks are now used, thereby reducing the usage of minor minerals. Well, for estimating the quantity used
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they have an internal memo made as per the computation of a government project in Vishakhapatnam. Under it, the quantity are computed as follows Metal used=built-up area* 0.034 cft ( @ Rs 40/- per cft ) Sand used = built-up area * 0.031 cft ( @ Rs 50/- per cft ) Builders are charged for the extent of excavation as if the gravel is sold on cft basis. The charges are Rs 50/33 per cft for road metal and ballast, Rs 40 per cft for sand. If shortfalls are detected, or assumed, not only is fees charged but a penalty is levied up to five or ten times the shortfall. The following points of absurdity prevail in the current system In reality, the quantity of sand is always more than metal because sand is used in flooring, plastering etc. Any builder, architect, structural engineer / BOQ (Bill of Quantities) of any major project will endorse this. However, as per government guidelines, metal used is more and yet this absurdity is being perpetuated. The estimate is based on a building in Vishakhapatnam which incidentally is in a higher seismic zone. The building has probably stilt plus upper floors. The built-
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up area as defined is not declared as saleable area or area, including cellars and parking floors. Cellars and parking floors are bare shells and cannot and do not use the same quantity of metal and sand as usable floors. Residential buildings with many walls or projections also need and use more material. Highrise buildings will have a different usage of materials. Fixing only one method of computation... without any allowance of 15-20% deviation due to above factors. leads to grossly wrong computation. Since slabs are now cast as a combination of metal robo sand baby chips and the way bills are the same, the usage of sand and metal must be combined and way bills taken jointly. For example, 0.034 cft for metal and 0.031 cft for sand or 0.065 cft per sft in total. The area is calculated at the officials’ discretion and not as per site conditions or sanctioned plans. As already stated, the mines department doesn’t check the shortfalls but vigilance does the same, thereby leaving scope for major mistakes in computation. Besides, BOQ of builders is not considered. Since it is impossible to police small buildings, 99% of the buildings are not checked. Only some builders are bearing all the burden of meeting shortfalls in collection of Seigniorage fees. Insofar as excavation
In focus
One time fee to end chaos The government is losing revenue, as it cannot monitor all buildings. So to help builders rather than involve them in needless tussle, and to stop litigation a onetime fee of Rs 1 /sft based on sanctioned built-up area can be collected. This saves builders’ time, money and effort as they are forced to indulge in fighting absurd notices. This fee can be paid at GHMC offices before taking a completion certificate. The funds can later be transferred to the mines department. As of today, The Vigilance Department are collecting as follows: 0.034 cft of metal @ 40/- per cft 0.0033 cft of sand @ 50/- per cft These amount to about Rs. 3 cft. If all pay Rs 1 / sft and sand suppliers and metal suppliers still pay fees then total collection by government will be 2-3 times more than current collection. This is a Win-Win situation for the Government. Also, the Sales Tax Department which collects VAT from the builders has simplified the process by introducing a Composition Scheme wherein builders need not maintain laborious records etc. The same logic/thought process could be applied to this issue also. From builders, a list of sand suppliers and metal suppliers can be taken so as to collect the actual seigniorage fees from the sand / metal dealers and manufacturers. Even otherwise, a proper computation method based on BOQ of a few large private / public projects can be taken to form a better estimate of the quantity used. For excavation of muram, at least a challan system should be evolved so as to help builders avoid unreasonable penalty. And, penalties for shortage shouldn’t exceed 25% of the estimated shortfall.
G.O Watch 1.G.O.Ms.No.171,27-04-2013.Vide this G.O. the government has extended the time for filing fresh applications under Layout Regularisation Scheme upto 31-05-2013. 2.G.O.Ms.No.153dt.06-04-2013The MAUD Department has issued G.O. 153 regarding Reduction of Tax on Transfer of Property in Municipal Corporations and Municipalities in the State payable on Sale Deeds. Transfer of Property payable on all sale deeds in the State of A.P. has been fixed at 1.5% w.e.f 01-04-2013. It was reduced from the earlier 3% in rural areas and 2% in urban areas. 3.G.O.Ms.No.162 dt.30-05-2013. The Revenue Dept has issued G.O. 162 on reduction of stamp duty payable on sale deeds from 5% to 4% in all areas of A.P. With this the total taxes payable on transfer of property has been reduced to 6%, ie., 4% Stamp Duty,1.5% Transfer of Property Tax and 0.5% Registration fee.
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4.G.O.Ms.No.157.dt.30-05-2013. The Revenue Dept has issued G.O.157 on Revision of market values, 2013 in Urban, Sec’bad cantonment and rural areas in the state which have been revised from 01/04/2013. With this G.O the market Values have been revised. The market values are availabel on www.registration.ap.gov.in.
goes, there is no challan or payment system that enables a person to pay this amount. Every building has to pay for excavating its own land assuming that the gravel is sold. A penalty of 10 times is charged on any excavation area. This is done on mere assumptions and does not bear any relation to reality or facts. This is a catch 22 situation where there is no scope to remit payment for excavation as the same is not chargeable but it is assumed that you have sold the gravel and have to pay 10 times penalty. We must be the only country in the world where every house has to pay seigniorage fees just to excavate the gravel for putting in the foundations. In reality, most sites are not level; so the gravel / soil is used merely for levelling and is not sold. Insofar as the presumption that excavated metal / boulders are used it still has to be part of the 0.034 metal usage as if we have used our own metal. Then purchase quantity has to be less. Hence total metal has to be computed at 0.034 cft per sft. Separately, they cannot again charge for metal. all housing projects(both public and private Agencies). Vide this G.O. the provisions of G.O. 245 have also been made applicable to the areas falling in the ORR Growth Corridor.
5.MemoNo.23583/M1/2011dt.23. 04.2013. The MAUD Department has issued the subject Memo regarding disposal of eligible BPS applications pending for non payment of balance penal amount and other particulars. The time limit for complying with the above has been extended up to 31 May 2013.
7.G.O.Ms.No.190.dt.08.05.2013. The MAUD Department has issued this G.O regarding Special Regulations for Banjara Hills & Jubilee Hills areas of Hyderabad Prashasan Nagar Cooperative House Building Society layout area. An amendment has been made to the Common Building Rules issued vide G.O.168 permitting the max height permissible for buildings in Prashasan Nagar at 15 Meters but apartments cannot be constructed on these plots.
6.G.O.Ms.No.185.dt.07.05.2013 The MAUD Department has issued this G.O regarding Levy of Shelter fee for Redevelopment/Improvement/ Rehabilitation of slums under Rajiv Awas Yojana (RAY) programme and for under taking civic amenities in slums and weaker section coloniesprovision of EWs/LIG Housing units in
8.G.O.Ms.No.196 dt.10.05.2013. The MAUD Department has issued this G.O regarding Disposal of EWS/LIG Housing units in all housing projects (both public and Private Agencies) Guidelines for identification of beneficiaries and procedure for disposal of EWS/LIG units by builders/developers/public or Private Agencies have been laid down in the G.O.
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Feature
Home is where infinite happiness is Infiniti Homes brings you comfortable villas in perfect harmony with nature at Tellapur, reaching out to varied customers’ needs, reports Niddi Mishrra. Open spaces, silent environs and verdant surroundings that please your senses and rejuvenate you are elements of an idyllic life you could seldom dream of living in cities. A peaceful ambience seems the very antithesis of city life, which is more defined by chaotic traffic, an unending maze of buildings and labyrinthine lanes and bylanes. For many, the only escape from this disorder is to a village on the outskirts
with abundant open spaces and nature, still untouched by the vagaries of progress. Idyllic they might be, but villages are short of modern amenities like uninterrupted electricity, well laidout roads and other comforts which we are so accustomed to. You can’t have both and it’s always a tradeoff when you have to choose one. Rarely do you find something striking a balance, and it is here that Infiniti Homes
steps in to fill the lacuna. Nestled in Nature Infinity Homes at Tellapur is a community of 107 stylish luxury villas spread over 23 acres. With less than five villas per acre, it translates into oodles of space, which is what sets it apart from the rest. Promoted by Vision Avenues Private Limited, which earlier partnered with Aparna Constructions in building Aparna County, a gated community at Hafizpet, Hyderabad, has become a brand to reckon with. While Aparna County was a successful joint venture for Vision Avenues, it went ahead on its own with this maiden venture at Tellapur, just 4 km from Gachibowli. The place is emerging as the nerve centre of the IT industry, after Madhapur. Infiniti Homes was conceived to exist in perfect harmony with the natural surroundings, a rarity in cities. No Compromise “Our endeavor has always been to give the best product to our customers. So there has been no compromise in coming up with this venture,” says K. Brahmaiah, managing director of Vision Avenues. Infinity Homes features spacious living,
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Feature drawing and dining areas which blend with the large outdoor areas of a villa. In fact, your residence can also double up as a venue for your private parties and you can play host to large gatherings with the least concern. Opulence Abounds Envisaged as a premium luxury pad, it has attracted top corporate heads and affluent businessmen, befitting the profile of its customers, the villas have opulence written all over. “The thrust has been on professionalism and we employed the best of architects, landscapers and engineers without compromising on quality, using the best material from reputed brands,” emphasises. Brahmaiah. Customers vouch for it, when one of them says, “The community has come out really well and surpassed our expectations. There has been no cutting corners and customers’ inputs and suggestions have been given due consideration right from the inception stages.” Though facades of all villas are uniform, some individual villas have been customized to the taste of buyers, says Brahmaiah. Elaborate Security & Sanitation Not just comfort, even security has been given priority. The gated community is surrounded with solar security fencing all around the compound wall, apart from manned security for extra safety. This also brings us to another aspect of health. You can find a water treatment plant and a sewerage treatment plant, too. To ensure that residents do not face
What Customers Say! Ravi Vadlamudi, Director, Global Industries Services Company, who moved into an Infinity Home from the L&T Infocity last October, says, “It is a good location, close to the financial district. It is pretty green, and other upcoming projects that will lend an enchantment to the area. So I chose it. What the realtor has provided is in keeping with my expectations.” Coming from someone who has been in the US and experienced life there, this sounds fantastic. Ravi had booked it four years ago. And feels that the wait has been worth it. Likewise, Tanuz Vohra, General Manager, Microsoft, whose villa is under construction, affirms it is world class, with good environs. He calls it one of the finest places, with spacious layout. “The project attracts the high-end segment. And they have incorporated my suggestions and the brand has credible history”, he adds. Now staying at Jayabheri, he is looking forward to go and stay in the villa which has two levels. He finds it hassle-free and comfortable, especially when the whole extended family is around. “The most important thing is greenery and open spaces”, says Amit Chowdary, director PeopleLink Video Conference Solutions,.who moved into Infinity some seven months ago. “There is no competition to this living space in this area,” he states. He refers to the highly effective impact the over-all environment has on you and then praises the elaborate clubhouse. “Everything is there. When you go home, you need relaxation. And whatever is committed, is delivered”, he adds. From an apartment at Miyapur to this villa, it is a superb experience for Amit.
any water problem, especially during summers, there is round-the-clock water supply. Infiniti Homes has many water harvesting pits, too. “The total project is covered by rainwater harvesting and we have dug eight structures for recharging the groundwater. Separate drains have been laid out for collecting rainwater and the ground can absorb almost one lakh litres of water in an hour of rainfall,” says Brahmaiah. Avenues to chill out The spacious layouts and the expanse of greenery in the open walkways, landscaped water bodies and fountains, lavish gardens and joggers track, provide the perfect setting for a chillout zone. But if you ask for more, there is the clubhouse, which was inaugurated
recently. With facilities like swimming pool, health club with gymnasium, jacuzzi and steam bath, squash courts, card room, billiards and tennis courts, library, coffee shop, meditation hall and yoga center, multipurpose banquet hall with lawns, your recreation sport is nearer home. And the 3.5 acres of open space set aside for the club house is the perfect venue for your social gatherings. Easy Connectivity If these luxuries pamper you inside, the project is also well connected to the outside world thanks to the nearby Lingampally railway station and the outer ring road linking the community with the international airport. Good schools, hospitals, malls, multiplexes and all essential super stores are within reach, making daily living hassle free. “Vision Avenues not just has this project alone to boast of. Next in the offing is Vision Urjith, again at Tellapur. It is another gated community of 300 villas coming up on 42 acres with layouts ranging between 268 sq.yards to 1,000 sq. yards”, adds. Brahmaiah. So, worry not if you have missed out on Infiniti Homes; other avenues have opened up for you. Advertorial
June - July 2013
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Trend
Market Monitor
Monthly Real Estate Monitor – May 2013
Hyderabad
Office
April. Occupiers preferred to lease space in Hitec City and Gachibowli over the month. The key transactions in April were Vatika Business Center leasing space in H itec C ity and Aveva renting space in Nanakramguda. There were no major new completions over the month. As the availability of good quality office space has been fast reducing in the key locations such as Hitec City, few buildings continued to be leased at a premium. However, mar ket average rents and capital values remained stable over the month. In April, retail leasing continued to remain upbeat in high streets as compared to the malls. The key transactions over the month included: Ratnadeep Super Market leasing space in Bowenpally and Towlichow ki; Pai Electronics leasing space in Attapur and Kompally; and Supreme Electronics and Docomo leasing space at Banjara Hills Road No 1. Rents and capital values remained stable over the month. In April, residential sales improved compared to the preceding month. New launches improved over the be launched for mally in the market, but bookings has star ted). Few projects that are in the soft launch stage include: My Home Vihanga by My Home near Wipro Junction in Gachibowli; and Mantri Euphoria, a villa development and the second project of Mantri Developers, in Narsingi. In addition, Rajapushpa Properties launched Atria in Gachibow li. Over the month, rents and capital values continued to increase marginally across all submarkets as newly launched residential projects got sold at a pr ice higher than the mar ket average.
Complied by
Trivita Roy
Assistant Vice President Research and REIS Jones Lang LaSalle India
INR per sq ft 10,000–13,000
Jubilee Hills Secunderabad Hitec City Kukatpally Dilshuknagar Residential
110–140 80–100 100–130 100–120 100–120 Rents
11,000–14,000 8,000–10,000 10,000–13,000 10,000–12,000 10,000–12,000 Capital Value
Key Precincts Banjara Hills Begumpet Kondapur Tellapur Kukatpally Miy apur
INR per month for a 1,000 sq ft 2BHK apartment 17,000–22,000 12,000–16,000 12,000–16,000 8,000–12,000 7,000–10,000 5,000–6,000
INR per sq ft 7,500–14,000 4,000–5,500 3,200–5,000 2,800–3,500 3,500–3,800 2,400–3,500
Key Precincts Begumpet Banjara Hills Hitec City Gachibowli Uppal Shamshabad Retail
Leasing volumes continued to remain modest in
month, w ith few projects at soft launch stage (yet to
Key Precincts Banjara Hills
Rents INR per sq ft per month 45–55 50–60 36–42 36–40 25–35 20–25 Rents INR per sq ft per month 100–130
Capital Value INR per sq ft 4,500–6,500 4,500–7,500 4,000–5,200 4,000–5,000 3,000–4,000 3,000–4,000 Capital Value
INFRASTRUCTURE ONGOING >>The Hyderabad Metro Rail Project is progressing at a fast pace. Work on piers has started along the stretch from Rasoolpura to Begumpet, one of the key stretches on the arterial road connecting the eastern residential locations to the IT hubs in the western par t of Hyderabad. This stretch experiences heavy flow of traffic during peak hours. .
Auspicious Days
June 2013 Date
Day
Time (IST)
A.M.
P. M.
03
Mon
09:00 to 10:30 04:00 to 07:00
09
Sun
06:00 to 10:30 02:00 to 04:30
12
Wed
09:00 to 10:30 04:00 to 07:00
19
Wed
09:00 to 10:30 04:00 to 07:00
23
Sun
06:00 to 10:30 02:00 to 04:30
26
Wed
09:00 to 10:30 04:00 to 07:00
27
Thu
07:30 to 10:30 04:00 to 07:00
28
Fri
06:00 to 10:30 04:00 to 07:00
July 2013
Auspicious days
10
Wed
09:00 to 10:30 04:00 to 07:00
14
Sun
06:00 to 10:30 02:00 to 04:30
15
Mon
09:00 to 10:30 04:00 to 07:00
19
Fri
28
Sun
06:00 to 10:00 02:00 to 04:30
29
Mon
09:00 to 10:30 04:00 to 07:00
Humour Corner
54
H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
06:00 to 10:30 04:00 to 07:00
Listing
RESIDENTIAL
r e al e stat e
Free Listing of Projects - Residential S.No. Company:
Project Name:
Property Type:
Size Range:
1
Tirtha (India) Projects
Rock Cliff Apartments
2 & 3 BHK Apartments
1125 sft - Subramanyam - APPA Junction / 1515 sft 9908155115 Bandlaguda
2
Thirtha Siddivinayaka Projects Pvt Ltd.
2 BHK Apartments
1170 sft - 1200 sft
Ravi - 9908155115
A S Rao nagar / Officers colony
3 Anuhar Homes Colors
2 & 3 BHK Independent Flats
1166 sft - 1604 sft
Nagendra - 9866326099
Alkapuri Township, Manikonda
4 Anuhar Homes A - Square
3 BHK Independent Flats
2120 sft - 2175 sft
Nagendra - 9866326099
Alkapuri Township, Manikonda
5 Anuhar Homes Coral Bells
3 BHK 2600 sft Apartments
Nagendra - 9866326099
Alkapuri Township, Manikonda
6 Anuhar Homes Yellow Blooms
3 BHK 2150 sft Apartments
Nagendra - 9866326099
Alkapuri Township, Manikonda
7
Thirtha Projects “Rock Cliff ” Pvt Ltd.
2 & 3 BHK Apartments
1125 sft - 1515 sft
Subramanyam - 9908155115
APPA Junction / Bandlaguda
8
Rajapushpa Properties Pvt. Ltd. Silicon Ridge
2 & 3 BHK Flats
980 sft - 1804 sft
Sathish Varma 9666988688
Attapur
9
Jayadarsini Housing Pvt Ltd
Residential Duplex 1600 sft Apartments
Vinod K Uniyal 9849222922
Attapur
10
Jain Housing & Jain Salzburg Constructions Ltd
2&3 BHK Residential Apts
914 Sft - 1273 Sq.ft
Syed imran - 86860 45960
Bandlaguda, Near APPA Junction.
11
Ramky Estates & Farms Ltd
1035 sft - 1375 Sft
Sridhar 8105899779
Bangalore
Uttam Residency
Ramky One Residential North Apts
Contact No:
Location:
12 Vamsiram Builders Jyothi Blues
3 BHK 1615 sft Apartments
9849558979 / 9642323313
Banjara Hills, Near TV 9 office
13 Fortune Group Fortune Ikon
3 & 4 BHK Apartments
7702333563 / 7702301233
Banjara Hills, Road No. 10
14 Vamsiram Builders Jyothi Vista
4 BHK Apartments 4500 sft
9849558979 / 9642323313
Banjara Hills, Road No. 5,
15
Sri Krishna Krishna Elite Builders
3 & 3 BHK Apartments
Srichand Hinduja - Banjara Hills, 9292108365 Road No.10
16
Sri Krishna Krishe Valley Ventures Pvt Ltd
Premium Residential 1850 sft – Apartment 4500 sft
Suresh Sarma – 9985228889
Banjara Hills, Road No.12
2 & 3 BHK Independent
7702333563 / 7702301233
Begumpet
2125 sft - 3375 sft
1600 sft - 1900 sft
17 Fortune Group
Essjay Fortune Flats
18
Apurupa Infrastructure
Apurupa’ Srinivas 2 & 3 BHK Height Independent Flats
975 sft to 9949949439 1565 sft
Boduppal
19
Praneeth Developers
Praneeth Pranav Meadows
2BHK Independent Apts
1050 sft to 1400 sft
Varma - 9849615833
Bowrampet / Bachupally
20
Prem Constructions
Prem’s Sai Brindavanam
2 & 3 BHK Independent Flats
1107 sft 1674 sft
9848027961
Chandanagar
21
Janapriya Engineers Janapriya Nile Syndicate Valley
2 & 3 BHK Apartments
940 sft - 1495 sft 23222999
22
Choice India Infra Projects
2 & 3 BHK Apartments
1150 sft to 1414 sft
V.Srinivas 9441115599
East Marredpally
23 Alekhya Homes Foot Prints Residential
1165 Sft to 1510 Sft
Mr.Afroz : 9000729977
Financial District, Gachibowli
24 Alekhya Homes Earth Song Residential
1300 Sft - 1695 Sft
Mr. Afroz : 9000729977
Financial District, Gachibowli
25 Aliens Group
Aliens Space Station 1
2 & 3 BHK Apartments
1122 sft 2208 sft
9966234234
Gachbowli - Tellapur
26
Jains Carlton Creek
2,3&5 BHK Residential Apts
1053 Sft - 2556 Sft
Syed imran 86860 45959
Gachibowli
2 & 3 BHK Apartments
990 sft - 1435 sft
Ramesh 7799881247
Gachibowli
Jain Housing & Constructions Ltd
Guru’s Choice Residency
27 Patel Realty Smondo
56
H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
1165 sft - 2100 sft
Chandanagar, Near Miyapur
Listing
RESIDENTIAL
on off e r S.No. Company:
Size Range:
Contact No:
Location:
28
Ramky Estates Ramky Towers Residential Apts & Farms Ltd
2235 to 5120 Sft
Tirupathi Reddy 9989055127
Gachibowli
29
S & S Green Projects Green Grace Pvt Ltd
3 BHK Independent Flats
2160 sft - 9052252222 2870 sft
Gachibowli
30
Vasudeva Realtors Pvt Ltd
Bloomfield Elation Towers
3 & 3 BHK Apartments
1320 sft 2577 sft
9393696959
Gachibowli
Ramky One Kosmos
2 & 3 BHK Luxury Apartments
1030 sft - 1575 sft
Srinivas Reddy - 8008102575
Gachibowli Nallagandla
31 Ramky Group
Project Name:
Free Listing of Projects - Residential Property Type:
32
S & S Green Green Meadows Projects Pvt Ltd
2 & 3 BHK Independent Flats
1045 sft - 9052252222 1435 sft
Gachibowli Extension
33
Rajapushpa Open Skies Properties Pvt. Ltd.
Residential Apartments
4700 Sft - 5100 Sft
Sathish Varma - 9666988688
Gachibowli, Kokapet
34
Rajapushpa The Retreat Properties Pvt. Ltd.
Residential Apts
1250 Sft - 2107 Sft
Damodar - 9666988588
Gachibowli, Kokapet
35
Mantri Developers Mantri Celestia Pvt Ltd
2 & 3 BHK Apartments
850 sft - 1198 sft
Srinivas Manda - 9177444769
Gachibowli, Near Wipro Junction
36
Modi Builders & Splendour Apartments Realtors Pvt Ltd
966 sft - 1933 sft
9700085888 / 040-66336633
Gajularamaram, Kukatpally
66176617 / 23735194
Gopanpally Gachibowli
37 Manjeera Projects
Manjeera Diamond Towers
2 & 3 BHK Independent Flats
777 sft - 1510 sft
38
Aparna Shelters Pvt Ltd
Aparna Kanopy Tulip
2 & 3 BHK Apartments
930 sft - 1495 sft 9505201115
Gudlapochampally, Kompally
39
Andhra Infra Golden Ridge Projects Pvt Ltd
1, 2 and 3 BHK Apartments
672 sft - 1664 sft
Gujularamara Quthubullapur
40
Sai Sai Ram Projects Limited
2 & 3 BHK Apartments
1200 sft - 2800 sft 9346046071 / 72
41
Sri Sai Ram Projects Ltd. Sri Sairam Towers
Highrise Residential 1500 sft - Apartments 5000 sft
Pradeep - 9393559595
Hafeezpet, Near Hi-Tech City,
42
Theme Ambience Constructions Fort View
3 & 3 BHK Independent Flats
960 sft 1480 sft
9348521652
Himayathsagar Road
43
Cybercity Builders & Rainbow Vistas @ Developers Rock Garden
2 & 3 BHK Independent Flats
1250 sft 2165 sft
9989424444
Hitec City
44 Alekhya Homes Wind Chimes Residential
2200 Sft - 2700 Sft
Mr.Afroz : 9000729977
Hitex
45
2 & 3 BHK Independent Flats
1165 sft - 1620 sft
9553074447 / 9000729977
Journalist Colony, Near Wipro Circle
3 BHK Independent Flats
2061 sft 2887 sft
040-27890917
Jubilee Hills
9849558979 /
Jubilee Hills
48 Vamsiram Builders Jyothi Anri 3 BHK Apartments 3200 sft
9849558979 / 9642323313
Jubilee Hills, Opp. Andhra Jyothi
49 Vamsiram Builders Hyothi Signature 3 BHK Apartments 2800 sft
9849558979 / 9642323313
Jubilee Hills, Opp. Andhra Jyothi
50 Vamsiram Builders Jyothi Dwelling 3 BHK Apartments 2600 sft
9849558979 / 9642323313
Jubilee Hills, Opp. Andhra Jyothi
Sri Sai Ram Towers
Alekhya Foot prints Design Homes
46 Bhanu Estates Atria10
47 Vamsiram Builders Jyothi Senate 3 BHK Apartments
3500 sft 9642323313
9440029000 / 8500040022
Hafeezpet, Near Hitec-City
51
Aparna Aparna Aura Constructions
3 BHK Premium Luxury Apartments
1820 sft - 2406 sft 950520115
Jubilee Hills, Shaikpet
52
Saket Engineers Saket Sriyam Pvt. Ltd.
Residential Apartments
1241 sft - 1999sft
Hari Babu - 9652352233
Kapra, A.S. Rao
53
Saket Engineers Saket Pranaam Pvt. Ltd.
Residential Apartments
516 Sft - 1861 Sft
Hari Babu 9652352233
Kapra, ECIL
1140 Sft - 1695 Sft
Mr.Afroz : 9000729977
Kavuri Hills
54 Alekhya Homes Jasmine Residential
June - July 2013
57
Listing
RESIDENTIAL
r e al e stat e
Free Listing of Projects - Residential S.No. Company:
Project Name:
Property Type:
Size Range:
Contact No:
Location:
55
Choice India Choice India Infra Projects
3 BHK 2900 sft Apartments
V.Srinivas 9441115599
Kavuri Hills
56
Hallmark Green Canopy Alekhya Homes
2 & 3 BHK Apartments
1250 Sft - 1800 sft
Ramesh - 9849958853
Khajaguda, Beside Lanco Hills
57 Narne Homes Carlton Creek
2 & 3 BHK Apartments
1364 sft - 2556 sft
Siva Prasad - 9885976647
Khajaguda, Near Gachibowli
58
Rajapushpa Properties Pvt Ltd
2 & 3 BHK Apartments
1250 sft - 2107 sft
Mr.Damodar- 9666988588
Kokapet, Gachibowli
59
Modi Builders & Palm springs Apartments 1200 sft - 9700085888 / Realtors Pvt Ltd 1910 sft 040-66336635
Rajapushpa’s THE RETREAT
60 Fortune Group Kumkum Heights
2 & 3 BHK Apartments
1155 sft - 1940 sft
7702333563 / 7702301233
Kompally Kondapur
61 Alekhya Homes Bliss Residential 1645 Sft
Mr.Afroz : 9000729977
62 Srinilaya Projects Adi Emerald
3 BHK Apartments
1828 sft - 2214 sft
Prasad Vasireddy - Kondapur 9963265559 (Lahari Homes)
63 Srinilaya Projects
3 BHK Independent Flats
1828 sft - 2035 sft
9963265559 / 9963465559
Lahari’s Adi Emerald
Kondapur
Kondapur, Near Chirec School
64
Janapriya Janapriya Arcadia Engineers Syndicate
2 & 3 BHK Apartments
925 sft - 23222999 1460 sft
Kowkur, Near Alwal
65
NSL Infratech Nsl-Sushaanta Pvt Ltd
2 & 3 BHK Apartments
1272 sft - 2090 sft
Deepak - 9581412782
KPHB
66
NSL Infratech NSL-Sanskruti Pvt Ltd
2 & 3 BHK Apartments
1190 sft - 1628 sq.ft
Vamsi 9581412794
67
Emami Constructions
Emami Swan Lake
2 & 3 BHK Hirise Gated Community
1133 sft - 2011 sft
Sreevikas, 8886922233
68
Sumashaila Developers
Vaddepally Enclave
1, 2 and 3 BHK Apartments
490 sft - 1645 sft
8978999449 / 9963222278
Kukatpally
69 Vertex Homes Vertex Prime
2 & 3 BHK Apartments
1140 sft - 1470 sft
Ravi - 9396844261
Kukatpally, Nizampet Road
70 Vertex Homes
HUDA Approved 3 BHK Apartment 1800 sft
Ravi - 9396844261
Kukatpally, Nizampet Road
1, 2, 3 and 4 BHK Apartments
975 Sft - 4000 Sft
Aditya Mitta - 9248003369
L B Nagar, Hyderabad
2 & 3 BHK Independent Flats
1000 sft 1550 sft
30681972
Lingampally
71
Vertex Sadguru Krupa
Alekhya Const. Limited Alekhya Towers
72 Cecon Builders Cecon Manor
KPHB Kukatpally
73 Vamsiram Builders Jyothi Lotus 3 BHK Apartments 3200 sft
9849558979 / 9642323313
74 Sri Krishna Builders Krishna Dhaam
2 & 3 BHK Apartments
960 sft - 1350 sft
Srichand Hinduja - M J Colony 9292108365 (A.S.Rao Nagar)
75 Gowra Ventures Gowra Tulips
2BHK Independent Apts
970 sft - 2520 sft
Sheelan - 42005189 8008004755
Madhapur
76
Bollineni Developers Bollineni Homes Limited
Residential Apartments
2800 sft - 4700 sft
Chakravarthy - 9959090390
Madhapur, Hyderabad.
77
Lanco Hills Lanco Hills Technology Park
Luxury Apartments
1900 Sft - 4477 sq ft
Amit : 080084 94973
Manikonda, Near Gachibowli
78
Lanco Hills Domina Condominiums Technology Park
1195 Sft - 1580 sq ft
Amit : 080084 94973
Manikonda, Near Gachibowli
79
Madhu 2 & 3 BHK Infrastructure Madhu Park Ridge Apartments
1200 Sft - 2766 sft
Narender - 9948837100
Mehdipatnam, Near Langar House
80
Aparna Constructions
Aparna Hill Park Lake Breeze
2 & 3 BHK Apartments
1295 sft - 2335 sft 9010251099
Miyapur, Chandanagar
81
Aparna Constructions
Aparna Hillpark Avenues
2 & 3 BHK Independent Flats
1150 sft - 1670 sft 040-23352708
Miyapur, Chandanagar
58
H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
Lutus Pond, Banjara Hills
Listing
RESIDENTIAL
on off e r
Free Listing of Projects - Residential
S.No. Company:
Project Name:
Property Type:
Size Range:
82
Janapriya Metropolis
2 & 3 BHK Apartments
850 sft - 1250 sft 23222999
Motinagar, Near Ameerpet
83 Fortune Group Imperial Fortune
2 & 3 BHK Independent Flats
900 sft - 1500 sft
Moulali
84
2 & 3 BHK Apartments
1245 sft - 1855 sft 9010716060
Nallagandla, Gachibowli
85 Aparna Infrahousing Aparna Sarovar Grandè
3 & 4 BHK Apartments
1920 sft - 3745 sft 9010484597
Nallagandla, Gachibowli
86
Theme Ambience Golf View Constructions
2 & 3 BHK Independent Flats
1130 sft 2050 sft
9348521652
Nanakramguda
87
Phoenix Living Golf Edge Spaces
2 & 3 BHK Apartments
1034 sft - 2018 sft
9160098888 / 9160001559
Nanakramguda, Gachibowli
88
Choice India N 95 Infra Projects
4 BHK 3800 sft Apartments
V.Srinivas 9441115599
Nandagiri Hills
89 Vamsiram Builders Jyothi Maddula 4 BHK Apartments 5000 sft
9849558979 / 9642323313
Nandagiri Hills, Jubilee Hills
90 Ventura Housing
Venkatadri Heights
9573563357 / 9573567357
Narapally
91 Muppa Homes
Muppa’s Apartments Aishwarya
1120 sft - 1400 sft 9885512222
Narsingi Groth Corridor
92
Modi Builders & Realtors Pvt Ltd
Emerald Heights Apartments
947 sft - 1895 sft
Pocharam
93
Sai Sai Ram Projects Limited
Sri Sai Ram Green 2 & 3 BHK Meadows Independent Flats
1236 sft - 1918 sft 9346046071 / 72
Pragathi Nagar, KPHB
94
Sirisampada Constructions
Samvruddi Sirisampada
Residential Apartments
1600 sft - Nagewar Reddy - 1625 sft 7702979752
Raghavendra Colony, Kondapur
95
Alekhya Jasmine Design Homes
2 & 3 BHK Apartments
1140 sft - 1695 sft
9553074447 / 9000729977
Ravindra Society, Kavuri Hills
96
Alekhya Marigold Design Homes
3 BHK 2934 sft Apartments
9553074447 / 9000729977
Ravindra Society, Kavuri Hills.
97
Alekhya Bird of Paradise Design Homes
3 BHK Independent Flats
9553074447 / 9000729977
Ravindra Society, Kavuri Hills
98
Hardhik Constructions ANMOL
Residential Apartments 1550 sft
D Venu, 9704966834
Ravindra society, Madhapur
Janapriya Engineers Syndicate
Aparna Constructions Aparna CyberZon
2 & 3 BHK Independent Flats
990 sft - 1614 sft
1683 sft - 1685 sft
Contact No:
7702333563 / 7702301233
9700085888 / 040-66336634
Location:
99 Sai Shakti Projects
Bhaskara Signature
Residential Apartments 2532 sft
Arvind 7799958259
S R Nagar
100
Janapriya Engineers Syndicate
Janapriya Lake Front
2 & 3 BHK Apartments
810 sft 1200 sft
23222999
Sainikpuri
101
Saket Engineers Saket Callipolis Pvt. Ltd.
Residential & Commercial Apts
1302 Sft - 2005 Sft
Prabeer - 9848877111
Sarjapur Road, Opp Wipro,Bangalore
102
Aditya Construction Empress Towers Company
Residential Apartments
1575 sft - 2385 sft
Ramakrishna - 9912225072
Shaikpet, Jubilee Hills
103
Alekhya Design Wind chimes Homes
2 & 3 BHK Apartments 2500 sft
9553074447 / 9000729977
Shilpa Hills, Hitec City
104
Aditya Construction Aditya Silicon Company Heights
Residential Apartments
1325 sft - 1700 sft
Ramakrishna - 9912225072
Tellapur Gachibowli
Residential Apartments
1835 sft - 2738 sft
Karunakar - 9666669835
Trimulgherry R.T.C.Colony.
105 Vishal Projects Ltd Srinivasa Krupa
June - July 2013
59
Listing
Commercial Free Listing of Projects - Commercial
r e al e stat e
S.No. Company:
Project Name:
Property Type:
Size Range:
Contact No:
1
Gowra Ventures
The Platina
Commercial
1 million sft
42005189 / 90
Gachibowli
Location:
2
Ramky Estates & Farms Ltd
Ramky Towers Commercial 2 Lakhs sft Grandiose
Venugopal Reddy - 8008012889
Gachibowli
3 Fortune Group Fortune Monarch Commercial 200000 sft 7702333563
Jubilee Hills, Road No. 36
4 Vamsiram Builders Gateway Jubilee Commercial 30000 sft
9849558979 / 9642323313
Jubilee Hills, Road No.36
5 Vamsiram Builders Jyothi Tycoon Commercial 27000 sft
9849558979 / 9642323313
Kavuri Hills, Opp. Chocolate Room
6
NSL Infratech Nsl- Centrum Retail&Office space 2.54 lakhs sft Varun dubey Pvt Ltd 9581412781
KPHB
7
PBSAMP Projects Krishe Sapphire Pvt. Ltd
Madhapur Main Road
8
Ramky Estates Ramky Selenium Commercial 4.5 Lakh Sft & Farms Ltd
Venugopal Reddy - 8008012889
Nanakramguda, Financial district
9
Choice India Choice Center Commercial 40000 sft Infra Projects
V.Srinivas 9441115599
S D Road
Premium Office Building
8000 sft - 9985228889 24000 sft
Plots Free Listing of Projects - Plots S.No. Company:
Project Name:
Property Type:
1 Lahari Green Park
LAHARI GREEN PARK
HMDA Regularized, 600 sq yds Srinivas Independent plots onwards
2
Lorvens Plots 76 acres Gold Leaf
Vasundhara Projects Pvt Ltd
Size Range:
Contact No:
Location: Bhanoor
Vamsi 9959934488
Dasarapalli
3 Oorjita Projects Plots
350 Sq Yds - Nitin - 505 Sq yds 9849098028
Gandipet, Manchirevula
4
267 sq yds - 9948663170 467 sq yds
Gudlapochampally, Kompally
267 Sq Yds - 9989420202 433 Sq Yds
Gundlapochampally, Kompally
Aparna Shelters Pvt Ltd
Aparna Kanopy Jasmine
133 - Residential Plots
5 Primus Developers Primus Epsilon Plots 6 Subha Gruha Projects Sukrithi Royal
HMDA Approved 267 Sq Yrds Residential Layout
SSRK Prasad 9000381234
7 West Mount Projects Red Clay Court II
HMDA Approved 267 Sq Yrds Residential Layout
Dr. T S Rao - 9848017162
Maheswaram Mandal
8
Plots
26 acres
23555441
Medchal
300 Sq Yds 2000Sq Yds
Vinod K Uniyal - 9849222922
Medchal
Headway Properties
9 Jayadarsini Housing Pvt Ltd
Metro Homes
Jayadarsini Plots Township
Kandukur
10 Green Home Green Acres Plots 1000Sq Yards 9849044396, 9000001169
Moinabad
11 AVC Group AVC Township Residential Plots
200 Sq Yds - 9391078186 500 Sq Yds
Nagarjuna Sagar Highway Road
12 Aliens Group Aliens HUB Residential Plots
300 Sq Yds- 2000 Sq Yds
Shamshabad
13 Green Home Rainbow Drive Plots
L.P. No. 01/ P.V.Ratnam - Lyt/HADA/06 8977812565
Shamshabad Airport Road
14 Green Home Bloomington Plots
500 Sq Yds - 9849044396, 1000 Sq Yds 9000001169
Shamshabad Airport Road
15 Lahari Green Park
250 sq yds - 400 sq yds
Shankarpally
60
Lahari Plots Infrastructure Ltd.
H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
9966234234
Srinivas - 7799777755
Listing
on off e r
Plots Free Listing of Projects - Plots
S.No. Company:
Project Name:
Property Type:
Size Range:
16
Pudota Estates India Pvt Ltd
Aishwarya Residency Plots 200 Sq Yds
17
Subha Gruha Maple Meadows Projects
VUDA Approved Residential Layout 267 Sq Yrds
18 Green Home Eldorado Plots 19 Subhagruha Projects Sukruthi Royal Residential Plots
Villas
Contact No:
Location:
Jaya Prasad Raja - 9949036460
Shankerpally
SSRK Prasad 9000381234
Srikakulam Highway
9849044396, 9000001169
Srisailam Highway Road
200 Sq Yds - Ramana - 534 Sq Yds 9177966407
Srisailam Highway Road
Property Type:
Size Range:
Location:
1, 2 & 3 BHK Premium Villas
1101 sft - 040-23038888 1579 sft
Ameenpur Village
Free Listing of Projects - Villas
S.No. Company:
Project Name:
1 Sunway Opus Grand Neville
Contact No:
2 Namaha Estates
Namaha Independent Villas Lakewood
375 Sq Yds - 4300 sft
MINOO – 98483 02929
APPA Junction
3 Keerthi Estates P L
Keerthi Richmond 4BHK Triplex Villas Villas
3400 Sft - 4037 Sft
Meena Reddy - 9966603939
APPA Junction, Near Glendale
4
SRK Green Avenues SRK Green Park Pvt Ltd
167 Sq Yds - 350 Sq Yds 8008577707 / 08
Bachupally ‘X’ Roads
5 Praneeth Developers Praneeth’s Pranav Independent County Villas
120 Sq Yds - Murari Bhagat - 300 Sq Yds 9959615853
Beeramguda Near BHEL
6 Safeway Infra
Symphony Park Homes
150 Sq Yds - 400 Sq yds
9849844488 / 7799766662
BHEL
7
Bommarillu Farma & Villas Ltd
Bommarillu Independent Villas Golden City
200 Sq Yds - 717 Sq Yds
Ria - 32556399 9666201016
Bhongiri
8
Aditya Housing & Infrastructure
Aditya Residential Villas Ville Grande
4970 sft - 350 Sq Yds
Ramakrishna - 9912225072
Bowenpally, Near Suchitra Junction
9 Praneeth Developers Praneeth Independent Villas Pranav Meadows
150 Sq Yds - 200 Sq Yds
Varma - 9959615833 Bowrampet
10
Modi properties & Silveroak Bungalows Investment pvt ltd.
174 Sq Yds - 244 Sq Yds
Rajkumar - 040 65272343
Cherlapally
11
NSL Infratech Orion Villas Pvt Ltd
4 BHK Independent Villas
360 Sq Yds - 520 Sq yds
Vamsi - 9581412794
Gachibowli
12
Vasudeva Realtors Pvt Ltd
Bloomfield Elation Villas
5 BHK Independent Villas
241 Sq Yds - 9393696959 350 Sq Yds
Gachibowli
13
Vasudeva Realtors Pvt Ltd
Bloomfield Ecstasy
4 BHK Independent Villas
240 Sq Yds - 9393696959 350 Sq Yds
Gachibowli Gopanpally
14 Pooja Ventures First Leaf
4 BHK Independent Villas
4541 sft - 4685 sft
Sudhamsh Reddy - 9703752225
Gachibowli Gopanpally
15
Rajapushpa Cannon Dale Properties Pvt. Ltd.
Residential villas
4200 Sft - 4450 Sft
Sathish Varma - 9666988688
Gachibowli, Kokapet
16
Suchir India Developers (P) Ltd
2 & 3 BHK Independent Villas
110 Sq Yds - 240 Sq Yds
66685000 / 6000
Genome Valley, Shameerpet
17
Modi Builders & Sunshine Park Luxury Villas 1494 sft 9700085888 / Realtors Pvt Ltd 040-66336634
18 Aparna Shelters 19
Suchir’s Koral Reet
Aparna Kanopy Lotus
3 & 4 BHK Independent Villas
Independent Villas
91 - East & West facing Villas
Modi Builders & Sterling Homes Independent Villas Realtors Pvt Ltd
Ghatkesar
160 sq yds - 9505201115 330 sq yds
Gudlapochampally, Kompally
2593 sft - 3131 sft
9700085888 / 040-66336640
Gundlapochampally, Kompally
20 Pooja Ventures Wonderful World
3 & 4 BHK Independent Villas
259 Sq Yds - 302 Sq Yds
9010770000 / 66770000
Kismatpur, Near APPA Junction
21
Luxury Duplex and Triplex Villas
450 Sq Yds - 600 Sq Yds
Mr.Sathish Varma- 96669 88688
Kokapet at Gachibowli
Rajapushpa Properties Pvt LTd
Rajapushpa’s OPEN SKIES
June - July 2013
61
Listing
Villas
r e al e stat e on off e r
Free Listing of Projects - Villas S.No. Company:
Project Name:
Property Type:
Size Range:
Contact No:
22
Rajapushpa Properties Pvt Ltd
Rajapushpa’s CANNON DALE
Luxury Triplex Villas
330 Sq Yds – Sathish Varma- 500 Sq Yds 96669 88688
Kokapet at Gachibowli
23
Saket Engineers Saket Bhusattva Premium Villas Pvt. Ltd.
200 Sq Yds - Uttam Thakur - 400 Sq Yds 9849857633
Kompally, Gowdevally
24
Sumashaila Vaddepally Enclave Independent 200 Sq Yds Developers Triplex Villas
25
Ramky Estates & Ramky Pearl Independent Villas Farms Ltd
8978999449 / 9963222278
206 Sq Yds - Venugopal - 380 Sq Yds 9701001276
Location:
Kukatpally Kukatpally
26 Vertex Homes Vertex Lake View
HUDA Approved 240 sq yds 4 BHK Triplex Villas
Ravi - 9396844261
Kukatpally, Nizampet Road
27
Bollineni Bollineni Homes Developers Limited
Residential Apartments
2800 sft - 4700 sft
Chakravarthy - 9959090390
Madhapur, Hyderabad.
28
Vishal Projects Vishal Sanjivini Villas Limited
2000 sft - 4000 sft
K Karunakar - 9666669835
Maheshwaram, Behind Fabcity
29
Lanco Hills Hanging Gardens Villas Technology Park
5800 sq ft - 5850 sq ft
Amit : 080084 94973
Manikonda, Near Gachibowli
30
Jayadarsini Housing Pvt Ltd
300 Sq Yds- 2000 Sq Yds
Vinod K Uniyal - 9849222922
Medchal
31 Namaha Estates Namaha Rhythm Independent Villas
167 Sq yds - 267 Sq Yds
MINOO – 98483 02930
Miyapur
32
1490 sft - 9700085888 / 1494 sft 040-66336635
Miyapur
Jayadarsini Township Duplex Villas
Modi Properties & Greenwoods Luxury Villas Investment Pvt Ltd.
33 Aparna Constructions Aparna HillPark Gardenia
116 - 3 BHK Luxury Villas
3409 sft - 9912111592 3475 sft
Miyapur, Chandanagar
34
Modi Properties & Investment Pvt Ltd.
GHMC approved villas
173 Sq Yds - 187 Sq Yds
Nagaram, Near Kushaiguda
35
Modi Properties & Emerald Park Luxury Villas 1490 sft 9700085888 / Investment Pvt Ltd. 040-66336635
Pocharam
36
Pragati Green Serene Pragati Meadows & Resorts
1, 2 & 3 BHK Independent Villas
608 sft - 1 1900 sft
9848799189 / 9848090180
Proddutur
37
Modi properties & Nilgiri Homes Investment Pvt Ltd.
HMDA approved residetial Villas
117 Sq Yds - 240 Sq Yds
Naveena- 9989818695
Rampally Near Pocharam
38
Janapriya Engineers Silver Crest Independent Villas Syndicate
110 Sq Yds - 177 Sq Yds
23222999
Sainikpuri
39
Aakash Green Orange County Homes Pvt Ltd
1, 2 & 3 BHK 150 Sq Yds Independent Villas
Laxma Reddy - 8886666665
Shadnagar
40
Modi properties & Bloomdale Investment Pvt Ltd.
HMDA approved residetial villas
178 Sq Yds - 199 Sq Yds
Nagarjuna- 994993587
Shamirpet
41
Modi properties & Investment Pvt Ltd. Harmony Homes Luxury Villas
1490 sft - 1494 sft
9700085888 / 040-66336635
Shamirpet
1425 sft - 1531 sft
9849044396 / 9000001169
Shamshabad
43 Green Home My City Villas
200 Sq Yds - 9849044396 / 300 Sq Yds 9000001169
Shamshabad
44 Suchir india
4 BHK Independent Villas
3526 sft - 3610 sft
66135000 / 66136000 / 7000
Shamshabad
45 Green Home Icon’s Isle
3 & 4 BHK Independent Villas
2835 sft - 3634 sft
9849044396 / 9000001169
Shamshabad Airport Road
46
4 & 4 BHK Independent Villas
460 Sq Yds - 575 Sq Yds
9989999853 / 9989999856
Tellapur
47 Tudor Infrastructure Tudor Ken
4 BHK Luxury Villas
289 Sq Yds - 311 Sq yds
7702777549
Tellapur
48
3 BHK Independent 2652 sft - Villa 2665 sft
9348521652,
Tolichowki
Villas at Silver creek
42 Green Home Beverly Slopes
Vision Avenues Pvt Ltd
Suchir’s Timberleaf
Vision Infiniti Homes
Theme Ambience Lake View Constructions
3 BHK Independent Villas
49 Headway Properties Info Tech City Independent Villas
62
H O R I Z O N S A P ’s m o s t c r e d i b l e r e a l e s t a t e m a g a z i n e
Praveen Pathak- 9618247247
267 Sq Yds - G. Phani Raj - 600 Sq Yds 9052228302
Tummalluru
RNI. No. APENG 03278/01/1/2011-TC