A
re we aliens? Or have we come from a different planet? If not so, then why the state & central government are turning a blind eye to our basic needs? We, the working-class are the real work horse of the nation contributing a whopping 68% in GDP (Gross Domestic Product), and hence by all means we form the back bone of this country's economy, then, why is the Government showing a step motherly attitude towards us. Thousands of crores of tax payer's money are being deployed into various social schemes & in form of subsidiaries targeting the poor class /farmers, which are very less regulated, while having a dubious accountability, and in most cases, the subsidiaries are not even reaching the targeted beneficiary, while on the contrary, no such proactive schemes for the working class (middle-class) Indians. Why this injustice to us ? The fact of the matter is, the government is playing this dirty politics only to strengthen their vote banks. They have no intention to serve the working class or care about their woes, especially when it comes to owning a house and giving rebates in interest rate or registration fees. The government has taken all working-class citizens for granted, extracting money in all possible ways in form of income tax & other levies and in return giving no benefit to us. We seem to be the only cash cow of the government, without having any consideration or sympathy towards us. The government miserably failed to address the housing needs of the citizens and left us in lurch. The Government of India should make policies to encourage the first time home buyers through suitable schemes by extending tax sops over home loans and other fringe benefits. 'Affordable Housing for all' should be in correct letter and spirit, as a social initiative rather than a huge commercial activity, where every single department or affiliated organization suck the blood of common man, for having to own their dream house. Banks, Housing Finance Companies, Direct and Indirect tax departments earn huge revenues in form of bank interest, while the home buyer bleeds all through their crucial years repaying it, almost till retirement, carrying a bag full of mental & physical agony, which is much similar to a person serving a 'Life Sentence' or
“Aajivan Kaaravas�.
TWIN CITIES
Marketing Office: #3-6-278, 1st Floor, 104/B, Thomas Prabhu Rliance Complex, Himayatnagar, Hyderabad-29. Ph : 040-31000815, +91 9010683802
26
P-42
P-34
P-37
New Construction Projects
(Regulars)
08
Home Loan Interest Rates
(Regulars)
14
Land Rates
(Regulars)
16
News
(News)
18
Events
(Report)
22
Home Loan - Aajivan Kaaravas
(Cover Story)
26
Vastu for Better Living
(Beliefs)
30
Ramky One Cosmos
(Project)
32
Guide to Own a Home
(Housing)
34
Land Pooling Scheme
(Focus)
37
Design Ideas
(Home Style Gyan)
42
What Sentiment Index Says
(Market Dynamics)
44
Reduce Your Risk
(Finance & Loan)
47
Parking Problems
(Civic Crisis)
50
In the Race for Capitalship
(Vizag Report)
54
Know the rules before you buy
(Bengaluru Report)
56
Current Market Rates
(Regulars)
58
Service Guide
(Regulars)
59
Products Guide
(Regulars)
62
NCP VENKATADRI HEIGHTS
Builder : Ventura Housing Pvt Ltd. Office Address : G1, Franklin Villa, Street No. 10, Tarnaka, Secunderabad500017. Property Type : Residential Apartment. Location : Narapally, Uppal. Bedrooms : 2 & 3 BHK. Area Range : 1160 sq.ft. Starting Price : 2700 per sq.ft. Possession : Expected 2014 Onwards.
S.H.I
P
ROPERTY OINT
Contact : 90106 83802
MAYFAIR VILLAS
Builder : Pranit Projects Office Address : Plot No: 101/A, Road No: 70, Journalist Colony, Jubilee Hills, Hyderabad-33. Property Type: Villas. Location : Tellapur, Gachibowli. Bedrooms : 4 BHK. Area Range : 300 to 475 sq yards. Starting Price : 4800 Per Sq.ft. Possession : Expected August 2015 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
ROYAL RESIDENCY
Builder : Rooshna Constructions. Office Address : 6-2-27/27/A, 62-28, Lakdikapool, Hyderabad. Property Type : Residential Apartments. Location : Ameerpet. Bedrooms : 3 BHK. Area Range : 1928 sq.ft to 1998 sq.ft. Starting Price : 4500 Per sq.ft. Possession : January 2014. Contact : S.H.I
Twin Cities
P
ROPERTY OINT
90106 83802
08 REAL ESTATE BULLETIN
Contact : S.H.I
P
ROPERTY OINT
90106 83802
ISOLA
Builder : Giridhari Constructions Office Address: Journalist Colony 'A', 121-A/1, Beside 121-A Jubilee Hills, Road No. 70, Hyderabad - 33. Property Type: Residential Apartment. Location : Appa Junction. Bedrooms : 2 & 3 BHK. Area Range : 1100 sq.ft to 1500 sq.ft. Starting Price : Starting from 30 Lakhs to 45 Lakhs. Possession : Expected 2015. Contact : S.H.I
P
ROPERTY OINT
90106 83802
NCC URBAN ONE
Builder : Ncc Urban Infrastructure Limited. Office Address : Survey No.64, 7th Floor, Madhapur, Hyderabad - 81. Property Type : Residential Apartment. Location : Narsingi, Hyderabad. Bedrooms : 3 & 4 BHK. Area Range : 1535 sq.ft to 3380 sq.ft. Starting Price : 3600 Per sq.ft. Possession : Expected 2016. Contact : S.H.I
P
ROPERTY OINT
90106 83802
December 2013
NCP POULOMI ARISTOS
Builder : Poulomi Estates Pvt Ltd. Office Address : 6-3-865/D/21, 5th floor, Madhupala Towers, Greenlands, Hyderabad -16. Property type : Villas. Location : Kokapet, Hyderabad. Bedrooms : 4 BHK. Area Range : 342 to 600 sq yards. Starting Price : 4100 to 6000 Per sq.ft. Possession : Expected October 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
Builder : Pratyusha Developers. Office Address : G1, Gus Towers, Lower Tankbund, DomalgudaHimayath Nagar, Hyderabad - 29. Property Type : Residential Apartment. Location : Gachibowli. Bedrooms : 2 & 3 BHK. Area Range : 1210 sq.ft to 1950 sq.ft. Starting Price : Starting from 32 lakhs to 58 Lakhs. Possession : Expected 2014 onwards.
P
ROPERTY OINT
90106 83802
SYMPHONY PARK HOMES
Builder : Safeway Infra. Office Address : G-12, Krishna Residency, Beside SBI, Madinaguda, Hyderabad500050. Property Type : Villas. Location : BHEL. Bedrooms : 3 BHK. Area Range : 120 330 sq.yards. Starting Price : Starting from 46 Lakhs to 1Crore. Possesion : Expected 2015 onwards. Contact : S.H.I
P
ROPERTY OINT
December 2013
90106 83802
Builder : Primark Projects Pvt Ltd. Office Address : Flat No 102, Primark Building, Raghavendra Nagar, Near Gem Work Shop, Kondapur, Hyderabad - 84. Property Type : Residential Apartments. Location : Serlingampally. Bedrooms : 2 & 3 BHK. Area Range : 1080 sq.ft to 1860 sq.ft. Starting Price : 2800 Per sq.ft. Possession : Expected 2014 onwards. Contact : S.H.I
MALATHI NIVAS
Contact : S.H.I
PRIMARK'S HIGH ViEW
P
ROPERTY OINT
90106 83802
AVL'S AAKRUTHI
Builder : AVL Constructions. Office Address : Plot- J-17 to J-21, Sree Sai Avenue-2, Janmabhumi layout, Manikonda,Hyder abad-500089. Property Type : Residential Apartment. Location : Manikonda. Bedrooms : 2 & 3 BHK. Area Range : 1181 sq.ft to 1476 sq,ft. Starting Price : 2800 per sq ft. Possession : Expected in January 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
KASHISH HOMES
Builder : Octagon Assets Pvt Ltd. Office Address : H No: 8-2-686/B/4, Plot No: 568, First Floor , Road No: 12, Banjara Hills, Hyd- 34. Property Type : Villas. Location : Isnapur, Patancheru. Bedrooms : 3 BHK. Area Range : 130 to 190 sq yards. Starting Price : 2200 Per Sqt.ft. Possession : Expected 2014 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
Twin Cities
REAL ESTATE BULLETIN 09
NCP VISTA HOMES
Builder : Modi Properties. Office Address : #5-4- 187/3 & 4, II Floor, M.G Road Secunderabad500003. Property Type : Residential Apartment. Location : Kushaiguda. Bedrooms : 2 & 3 BHK. Area Range : 950 sq.ft to 1220 sq.ft. Starting Price : 1949 to 2049 per sq.ft. Possession : Expected 2015 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
NAMAHA LAKE WOOD
Builder : Namaha Estates Office Address : Plot no 7 , Doyen Galaxy. 6th Floor, Srinagar Colony, Hyderabad-73. Property Type : Villas. Location : Himayat Sagar. Bedrooms : 4 BHK. Area Range : 375, 400,425 sq yards. Starting Price : Starting from 2.3 Crore. Possession : Expected 2014 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
VADEPALLY ENCLAVE
Builder : Sumashaila Developers Office Address : Near Sai Baba Temple, beside Vivekananda nagar colony, Kukatpally, Hyderabad-72. Property Type : Residential Apartment. Location : Kukatpally. Bedrooms : 2 BHK. Area Range :1125 to 1625 sq.ft. Starting Price : 3200 per sq.ft. Possession : April 2014. Contact : S.H.I
Twin Cities
P
ROPERTY OINT
90106 83802
10 REAL ESTATE BULLETIN
R.V.KAUSTHABHA
Builder : R.V.Nirmaan. Office Address : 8-2-268/1/16/ B/1, Sri Niketan Colony, Road No.3, Banjara hills, Hyd - 03. Property Type : Residential Apartment. Location : Suchitra. Bedrooms : 2 & 3 BHK. Area Range : 1000 sq.ft to 2000 sq ft. Starting Price : 400 Per.sq.ft. Possession : Expected May 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
OAKTREE APARTMENTS
Builder : Aaryamitra. Office Address : #A2, Mapple Homes, Plot #89 & 90, Sector 1, Block D, Alkapoor Town Ship, Neknampur, Hyderabad - 89. Property Type : Residential Apartment. Location : Manikonda. Bedrooms : 2 &3 BHK. Area Range : 1200 sq.ft to 1620 sq.ft. Starting Price :2400 Per sq.ft. Possession : Expected 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
SMR VINAY HARMONY COUNTY
Builder : SMR Holdings. Office Address : SMR HOUSE, 5th floor, plot - 73, Nagarjuna Hills, Panjagutta, Hyderabad-82. Property Type : Residential Apartments. Location : Appa Junction-Bandlaguda. Bedrooms : 2 & 3 BHK. Area Range : 1400 sq,ft to 2265 sq.ft. Starting Price : 3200 Per sq.ft. Possession : Expected 2015 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
December 2013
NCP PRAJAY VIRGIN COUNTY
Builder : Prajay Engineers Syndicate Office Address : 8-2-293/82/A, Plot # 1091, Road#41, Near Peddamma Temple, Jubilee Hills, Hyd -33. Property Type : Villas. Location : Maheshwaram. Bedrooms : 3 BHK. Area Range : 300 to 400 sq.yards. Starting Price : 2745. Possession : Expected 2015 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
Builder : Shweta Developers. Office Address : Flat-304, 3rd floor, Minerva Complex, SD Road, Secundrebad-03. Property Type : Residential Apartment. Location : Kompally. Bedrooms : 2 & 3 BHK. Area Range : 1800 sq.ft to 2050 sq.ft. Starting Price : 2499 per sq.ft. Possession : Expected December 2014.
P
ROPERTY OINT
90106 83802
LOTUS ROLDANA
Builder : Lotus Properties Limited Office Address : H.no.6-3-345/3 & 3/1, Flat-501, Lotus Esplendito, Road-1, Banjara Hills, Hyd-34. Property Type : Residential Apartment. Location : Road-5, Banjara Hills. Bedrooms : 3 & 4 BHK. Area Range : 2359 sq.ft to 2960 sq.ft. Possession : Expected 2014 onwards. Contact : S.H.I
P
ROPERTY OINT
December 2013
90106 83802
Builder : Ashoka Developers & Builders Ltd Office Address : Ashoka Capitol, Opp KBR Park, Road-2, Banjara Hills, Hyderabad34. Property Type : Villas. Location : Kompally. Bedrooms : 3 BHK. Area Range : 249 to 300 sq yards. Starting Price : 3500 per sq.ft. Possession : Expected May 2015.
Contact : S.H.I
SHWETA ARYAN
Contact : S.H.I
ASHOKA A-LA-MANSION GREENS
P
ROPERTY OINT
90106 83802
PRESTIGE ROYAL WOODS
Builder : Prestige Estates Projects Ltd Office Address : Level 1, Merchant Towers, Road-4, Banara Hills, Hyderabad-34. Property Type : Villas. Location : Rajendra Nagar. Bedrooms : 3 & 4 BHK. Area Range : 240 to 640 sq.yards. Starting Price : Starting from 1.8 Crore to 4 Crore. Possession : Expected June 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
JAINS CARLTON CREEK
Builder : Jain Housing & Constructions Ltd. Office address : H.No. 8-2-293/ 82/A/787/1, 2nd floor (Beside tata croma) Road No.36,Jubilee Hills, Hyderabad-500033. Property Type : Residential Apartment. Location : Gachibowli. Bedrooms : 2 & 3 & 3.5 BHK. Area Range : 1053 to 1364 sq.ft. Starting Price : 3695 Per sq.ft. Possession : Expected December 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
Twin Cities
REAL ESTATE BULLETIN 11
NCP LUXOR APARTMENTS
Builder : Trishala Infrastructure Office Address : Trishala Infrastructure near by chirec School, Kondapur, Hyderabad. Property Type : Residential Apartment. Location : Kondapaur. Bedrooms : 2 & 3 BHK. Area Range : 1040 to 1130 sq.ft. Starting Price : 3400. Possession : Expected December 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
WONDERFUL WORLD
Builder : Pooja Ventures Pvt Ltd Office Address : H.no : 3-6-692, Street-11, Himayath nagar, Hyderabad-29. Property Type : Villas. Location : Appa Junction, Kismatpur. Bedrooms : 3 & 4 BHK. Area Range : 260 to 300 sq yards. Starting Price : 4500 Per sq.ft. Possession : Expected March 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
NECKLACE PRIDE
Builder : Sattva Group Office Address : Opposite to old Kalpana theatre, Kavadiguda, Hyderabad. Property Type : Residential Apartment. Location : Kavadiguda. Bedrooms : 2,3 & 4 BHK. Area Range : 1280 to 3500 sq.ft. Starting Price : 4990 Per sq.ft. Possession : Expected in 2015. Contact : S.H.I
Twin Cities
P
ROPERTY OINT
90106 83802
12 REAL ESTATE BULLETIN
HEMADURGA LAKSHMI PRIDE
Builder : Sharvani Builders & Realtors Office Address : Flat-108, Sri Sai Ranga Residency, near Sai Ranga Cinema Hall, Miyapur, Hyderabad. Property Type : Residential Apartment. Location : Miyapur. Bedrooms : 2 & 3 BHK. Area Range : 1100 to 1600 sq.ft. Starting Price : 3000 Per sq.ft. Possession : Expected 2015 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
MARUTI COSMOS CENTRAL
Builder : Maruti Rich Ventures Pvt Ltd. Office Address : # E-25, E-27, Road-5, Vikrampuri Colony, Karkhana road, Secundrebad - 09. Property Type : Residential Apartment. Location : Road-5 Banjara Hills. Bedrooms : 4 BHK. Area Range : 4600 sq.ft. Starting Price : 6500 Per sq.ft. Possession : Expected May 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
GK PRIDE
Builder : GK Developers Office Address : #35-69, GK Colony, Sainikpuri Post, Secunderabad500094. Property Type : Residential Apartment. Location : Yapral. Bedrooms : 2,2.5 & 3 BHK. Area Range : 1053 2000 sq.ft. Starting Price : 2300 Per sq.ft. Possession : Expected 2015 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
December 2013
NCP RAINBOW VISTAS
Builder : Cybercity Builders &Developers. Office Address : Near Hitech City MMTS, Ideal road, KPHB, Hyderabad-72. Property Type :-----. Location : Kukatpally. Bedrooms : 2,3&4BHK. Area Range : 1250 to 2695sq.yards. Starting Price : 3950 per sq.ft. Possession : 2015. Contact : S.H.I
P
ROPERTY OINT
90106 83802
M K RESIDENCY
Builder : Manisha Constructions Office Address : #102, Valley View, Road No 13A, Happy Valley, Banjara Hills, Hyderabad 500034. Property Type : Residential Apartment. Location : Champapet. Bedrooms : 2 BHK. Area Range : 1238 to 1288 sq.ft. Starting Price : 3300 Per sq.ft. Possession : Expected February 2014. Contact : S.H.I
P
ROPERTY OINT
90106 83802
MY HOME MANTRA
Builder : My Home Constructions Office Address : 8th Floor, Block 3, My Home HUB, Madhapur, Hyderabad-81. Property Type : Residential Apartment. Location : Madhapur. Bedrooms : 3 BHK. Area Range : 2310 to 2595 sq.ft. Starting Price : 6000 Per sq.ft. Possession : Epected March 2015. Contact : S.H.I
P
ROPERTY OINT
December 2013
90106 83802
CONCRETE OPUS
Builder : Concrete Constructions Office Address : Plot No: 8, Concrete Cornet, Huda Trade Centre, Lingampally, Hyderabad. Property Type : Residential Apartment. Location : Nacharam. Bedrooms : 2 & 3 BHK. Area Range : 1200 to 1730 sq.ft. Starting Price : 3000 Per sq.ft. Possession : Ready to occupy. Contact : S.H.I
P
ROPERTY OINT
90106 83802
WELKIN PARK
Builder: Vermont Projects. Office Address : 1-10-32, Begumpet Hyderabad500016. Property Type : Residential. Location : Begumpet. Area Range : 2115 sq.ft to 5700 sq.ft. Bedrooms : 3 & 4 BHK. Starting price : 2400 4000 Per.Sq.ft. Possession : Expected in March 2014 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
KRISHE VALLEY
Builder : Sri Krishna Developers. Office Address : #8-2-626/2, Road No 10, Banjara Hills, Hyderabad-34. Property Type : Residential Apartment. Location : Road-12, Banjara Hills. Bedrooms : 3 BHK. Area Range : 1800 to 4200 sq.ft. Starting Price : 9000 Per sq.ft. Possession : Expected 2014 onwards. Contact : S.H.I
P
ROPERTY OINT
90106 83802
Twin Cities
REAL ESTATE BULLETIN 13
HOME LOANS
Home Loan Interest Rates Bank Name
Floating Interest rate
Per lac EMI
Processing Fee
Prepayment Charges
% Change in last 6 mths
State Bank Of India
10.30%
Rs. 984
Up to 25 lacs : 0.125% of loan amount minimum Rs.1000/- 25-75 lacs : Rs.3,250/- 75 & Above : 5,000/-
Nil
+ 1.98%
ICICI Bank
10.40%
Rs. 992
0.50% of loan amount upto 1 crore
N.A
+ 2.46%
HDFC Ltd
10.40%
Rs. 992
0.5% or maximum 10,000+service Tax (12.36%)
No prepayment charges shall be payable for partial or full prepayments irrespective of the source
+ 2.46%
HSBC Bank
10.75% - 11%
Rs.1015 - Rs.1032
1% of the loan amount applied for, subject to a minimum of Rs 10000 plus service tax. This fee is payable on application and is not refundable
Nil
N.A
LIC Housing
Scheme I:10.10% (Fixed for 2 yrs)(for female applicants) or 10.35% (Fixed for 2 yrs)(for male applicants) Scheme II: 11.25% (Fixed for 10 yrs) Scheme III: 12.25% onwards
Scheme I:Rs.972 (Fixed for 2 yrs)(for female applicants) or Rs.988 (Fixed for 2 yrs)(for male applicants) Scheme II: Rs.1049 (Fixed for 10 yrs) Scheme III: Rs.1118 onwards
Up to 50 lacs : 10,000 +(Service tax) 50 lacs & above : 15,000 + (Service tax)
Nil
No change
AXIS Bank
10.25% (Upto 25 Lacs), then 10.50%
Rs.982 (Upto 25 Lacs), then Rs.998
0.5% of the loan amount (Max. 10000/- + service tax for Salaried)
Nil
No Change (Upto 25 Lacs), then 2.32%
IDBI
10.25%
Rs. 982
Up to .50%of loan amount (Rs 2500 to be collected at login and balance at the time of sanction )
If Balance Transfer then 2% Otherwise Nil
No Change
PNB Housing Finance
10.75% - 11.50% (For Salaried/ SEP), 11.25% 11.75% (SENP)
Rs.1015 - Rs.1066 (For Salaried/SEP), Rs.1049 - Rs.1084 (SENP)
0.5%
Nil
2.38% (For Salaried/SEP), 2.27% (SENP)
ING Vysya
10.75% - 11.25%
Rs.1015 - Rs.1049
0.5% of the loan amount
Nil
N.A
Standard Chartered
10% (Upto 25Lacs), then 10.25% - 10.50%
Rs.965 (Upto 25Lacs), then Rs.982 - Rs.998
Rs.5500/- + Service tax
Nil
0.10% (Upto 25Lacs), then 0.98% - 2.43%
City Bank
10.25% (Fixed for 2yrs)
Rs.982 (Fixed for 2yrs)
0.25% (For Salaried) 0.5% (For Self Employed)
Nil
4.65%
Deutsche Bank
10.50%
Rs. 998
12000 + Service Tax
Nil
N.A
DHFL
11%
Rs. 1032
1% for Salaried & 1.5% for SENP
Nil
2.32%
India Bulls
10.25% (Upto 25Lacs), then 11%
Rs.981 (Upto 25Lacs), then Rs.1032
Rs.7500 + 12.36%(Upto 30Lacs) , else 0.5% of the loan amount
Nil
1.44% (Upto 25Lacs), the No change
Federal Bank
10.50%
Rs. 998
7,000 + Service Tax
N.A
No change
Bank of Maharastra
10.55% (Upto 25lacs), then 10.75%
Rs.1002 (Upto 25lacs), then Rs.1015
0.50% (Max. Rs. 50,000/-)
Nil
2.92% (Upto 25lacs), then 4.87%
Allahabad Bank
10.20% (Upto 25Lacs), then 10.45%
Rs.978 (Upto 25Lacs), then Rs.995
upto 30 lacs: 0.60% of the loan amount subject to max. Rs.12000 30 lacs - 75 lac: 0.45% of the loan amount subject to max. Rs.24000 above 75 lacs - 300 lacs:0.35% of the loan amount subject to max. Rs.60000 above 300 lacs: 0.25% of the loan amount subject to max. Rs.70000
Nil
N.A
Central Bank of India
10.25%
Rs. 982
0.50% of the loan amount subject to maximum of Rs.20,000/-
Nil
2.38%
Corporation Bank
10.25%
Rs. 982
0.50% of Loan amount (Max.Rs.50,000/-)
Nil
2.38%
Twin Cities
14 REAL ESTATE BULLETIN
December 2013
HOME LOANS
Home Loan Interest Rates Bank Name
Floating Interest rate
Bank of India
10.25%
Rs. 982
Union Bank of India
10.25%
United Bank of India
Prepayment Charges
% Change in last 6 mths
WAIVED UPTO 31.12.2013
Nil
No Change
Rs. 982
Upto 75lacs: Nil 75 lacs & above : 0.25% of the loan amount subject to maximum of Rs. 7,500 (offer valid till 31/03/2014)
Nil
2.5%
10.25%
Rs. 982
0.50% of the loan amount
N.A
2.38%
UCO Bank
10.20%
Rs. 978
0.5% of the loan amount, minimum Rs.1500/- & maximum Rs. 15000/-
Nil
N.A
Bank of Baroda
10.25%
Rs. 982
Loan upto Rs.30 Lacs - 0.50% (Minimum Rs.5,000/-) Above 30 Lacs - 0.40% (Min. Rs.15,000/- & Max. Rs. 50,000/-)
N.A
N.A
Per lac EMI
Processing Fee
Canara Bank
9.95%
Rs. 962
Oriental Bank of Commerce
10.25%
Rs.982
Nil (During festival Bonanza period i.e upto 31.12.2013)
Nil
No Change
4.78%
Kotak Bank
10.75%
Rs. 1015
0.25% - 0.5%
2% on Balance transfer else NIL
N.A
Dena Bank
10.25%
Rs. 982
Waiver of process fee / upfront fee under Dena Niwas Housing Finance is applicable for proposals sanctioned w.e.f. 9.9.2013 to 31.12.2013
Nil
0.48%
Punjab National Bank
10.25%
Rs. 982
First Blue Home Finance
10.25% (for Salaried / SEP), 10.75% (For Self Employed) (Upto 25Lacs), Then 10.75% (for Salaried / SEP), 11.25% (For Self Employed)
Rs.982 (for Salaried / SEP), Rs.1015 (For Self Employed)
Salaried: Up to 30 lacs :7300 30 - 75 lacs : 11800 75 lacs & above : 15,000 + service tax(12.36%)
Nil
Vijaya Bank
10.50%
Rs. 998
0.25% of loan amount. Maximum Rs.10000. Exclusive of Service Tax
N.A
N.A
Syndicate Bank
10.25%
Rs. 982
A flat rate of 0.58% of the loan amount- maximum of Rs. 10,190/There is no hidden charge. This is subject to change from time to time without prior intimation.
N.A
N.A
Development Credit Bank
11.50%
Rs. 1066
1%
Nil
N.A
State Bank of Travancore
10.25% - 10.50%
Rs. 982 - Rs. 998
Processing fees stands reduced by50% of normal charges during the campaign period
Nil
N.A
0.5 to 1% off the loan amount.
N.A
N.A
N.A N.A
Tata capital Housing Finance Ltd
10.50% - 11% Rs.1066 - Rs.1032 (Salaried), 10.95% (Salaried), Rs.1028 - 11.45% Rs.1062 (SEP/SENP) (SEP/SENP)
Dhanalakshmi Bank
11.75% (Fixed for 1yr), then 12.25% (Upto 35 Lacs), 12.25% (Fixed for 1yr), then 12.75%
Rs.1084 (Fixed for 1yr), then Rs.1119 (Upto 35 Lacs), Rs.1119 (Fixed for 1yr), then Rs.1154
1% + service tax
N.A
2.17% (Fixed for 1 yr), Then 2.08%
Indian Bank
10.20%
Rs. 978
Nil
Nil
No Change
Disclaimer: Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
December 2013
Twin Cities
REAL ESTATE BULLETIN 15
LAND RATES
Land & Built up Rates S.No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76
AREA Abids Amberpet Ameerpet Alwal Appa Junction Ashok Nagar AS Rao Nagar Attapur Bachupally Bandlaguda Banjara Hills Barkatpura Begumpet Bibi Nagar Boduppal Bollaram Bowenpally Chanda Nagar Chikkadpally DD Colony Dilsukhnagar East Maredpally ECIL Gachibowli Gajularamam Ghatkesar Habsiguda Himayathnagar Hitech City Hyderguda Hydernagar Jubilee Hills Kachiguda Khairatabad Kokapet Kompally Kondapur Kothapet KPHB Kukatpally L B Nagar Lingampally Madhapur Madinaguda Malkajgiri Mallapur Manikonda Masab Tank Medchal Mehdipatnam Miyapur Motinagar Musheerabad Nagaram Nagole Nallagandla Nallakunta Nampally Nizampet Padmarao Nagar Panjagutta Patancheru Pragati Nagar Prasanthnagar Rajendra Nagar Ramanthapur RTC X Roads SR Nagar Sainikpuri Saket Sanath Nagar Santhosh Nagar Secunderabad Shadnagar Shaikpet Shamshabad
RESIDENTIAL (Rs/sqft) 3500 4500 3800 2500 2500 3500 2300 2400 2500 2000 5500 4300 4200 1500 2000 1900 2300 2500 3400 4300 2600 2500 2500 3500 2400 1500 2200 5500 4000 2500 3500 6000 3100 3600 3000 2100 3500 2200 3200 3500 2400 2600 4200 2700 2100 2100 2500 2500 3400 2400 3000 3000 2500 1500 2200 3200 2300 3600 2300 3400 4000 1500 2100 2500 2500 2500 3200 5100 2100 2400 4100 2700 3500 1100 2700 2500 -
4700 7000 4200 3000 3200 4000 2600 2700 3300 2300 7000 5000 4700 2300 3000 2200 2500 3000 4500 5000 3500 3000 3000 4500 2700 2000 2500 6000 5500 3100 3600 6500 3600 4300 3500 2400 3700 2600 4200 4000 2700 3200 5000 3100 2500 2500 2900 3500 4000 4900 3500 3300 3300 2000 3000 3500 2600 3800 2600 3800 5000 2500 2700 3000 3200 3600 3900 5500 2400 2700 4600 3500 4000 2000 3500 3900
COMMERCIAL (Rs/sqft) 4500 3500 5000 3500 4000 4500 3500 3500 3500 3500 7200 4500 5700 2500 3000 2000 4000 3500 6500 4000 4000 5000 3500 5000 2500 3000 4500 4500 5300 3500 2500 7200 3600 4000 3300 3100 3500 3500 3500 3100 3100 3000 4500 3200 3500 2500 2800 3000 2000 4700 3500 3100 5700 2000 2500 3200 3300 2500 2600 3900 8000 2000 3400 3300 2700 3300 5000 4600 2500 2500 4400 3000 3000 2000 2500 3900 -
5500 4000 5500 4000 4500 5000 4000 4000 4600 4500 9500 5000 6200 3000 4000 3500 5000 4500 7000 4500 5700 6000 4000 6000 3000 3500 5000 6000 8300 4500 3500 9000 4200 5800 4000 4500 5100 3800 4600 4600 3600 4000 5000 4500 4500 3500 3100 4000 3200 6000 5500 4000 6400 3300 3500 4200 3900 3500 3800 5200 9500 3200 4300 4500 4200 4700 6000 5500 4000 3500 5200 4500 4000 2600 3500 5300
OPEN LAND
RETAIL (Rs/sqft)
RESIDENTIAL (Rs/sqft)
COMMERCIAL (Rs/sqft)
7200 - 8000 2500 - 3500 3000 - 3500 4500 - 5000 1500 - 2200 3500 - 3800 3500 - 4000 5000 - 6500 4500 - 4800 3800 - 4400 8000 - 10000 7000 - 8000 10000 - 12500 2800 - 3800 1000 - 2000 3800 - 4000 4000 - 4500 5000 - 6500 7500 - 8000 4000 - 5000 8000 - 8500 5500 - 6500 3500 - 4100 6000 - 6500 2200 - 2500 3000 - 4000 4000 - 5500 5500 - 6500 10000 - 11000 7000 - 8000 3000 - 3600 9000 - 10000 6500 - 7200 6500 - 7500 3100 - 4500 3600 - 4500 6500 - 7000 3500 - 4100 7500 - 8500 7500 - 9000 6200 - 7000 4500 - 5000 4500 - 5800 4000 - 6000 4000 - 6000 3000 - 4000 3000 - 4100 5500 - 6200 2000 - 4000 6500 - 7550 4300 - 5500 3200 - 5300 6500 - 7500 2500 - 4300 3000 - 4200 2700 - 4600 5300 - 6300 4500 - 6000 1800 - 3200 5500 - 6000 10000 - 11000 2300 - 3700 4400 - 6000 3900 - 4900 2900 - 4700 3400 - 4700 8000 - 10000 4500 - 6500 3700 - 4900 2900 - 4200 4500 - 5200 3500 - 4500 7000 - 9000 2500 - 2900 3100 - 4500 4500 - 6500
3500 - 4500 1500 - 2600 2500 - 3000 2000 - 3000 2200 - 3500 2500 - 3500 2000 - 2800 2000 - 2500 2100 - 3500 1500 - 2650 9500 - 10000 5500 - 7500 3500 - 4500 1000 - 1500 1000 - 2000 1000 - 1200 2500 - 3500 2500 - 3500 4700 - 5000 3000 - 4500 3500 - 4000 4700 - 5500 2500 - 2900 3200 - 4200 1500 - 2000 500 - 800 3800 - 4500 5000 - 6500 4500 - 5500 2000 - 2500 1100 - 1700 4500 - 6000 2400 - 2800 2500 - 3000 1800 - 2800 1500 - 2500 3000 - 4200 2500 - 4100 3500 - 4500 3500 - 4000 2500 - 2800 2500 - 3200 3500 - 4500 2200 - 3300 2500 - 3500 1700 - 3800 1800 - 2000 3400 - 4500 700 - 1800 4500 - 5000 3000 - 4000 2000 - 3700 4300 - 5200 1100 - 2000 1300 - 2500 1500 - 2600 2000 - 3200 2200 - 3000 2300 - 3100 2400 - 3900 3500 - 4700 1000 - 1100 2500 - 3400 3600 - 4600 1500 - 2500 2300 - 3500 5600 - 6500 3500 - 4700 1100 - 2400 1100 - 2100 4500 - 5700 2000 - 2500 4500 - 5000 200 - 800 1600 - 2700 500 700
12000 - 14000 5000 - 6000 5000 - 5500 4800 - 5500 3500 - 4500 5500 - 6000 3000 - 3500 2500 - 3550 2500 - 3500 3500 - 4000 10000 - 12500 6000 - 8000 5000 - 5700 1000 - 1100 2200 - 2500 1200 - 2800 5800 - 6500 3500 - 4000 4550 - 5700 4000 - 5500 5500 - 6700 9000 - 10000 3500 - 4000 5500 - 6500 1200 - 1500 4000 - 4500 4000 - 6000 9000 - 10000 7000 - 8500 3500 - 4500 2500 - 3500 6500 - 7500 3200 - 3500 6000 - 7000 2550 - 3500 2500 - 3000 4500 - 5000 7200 - 9000 8000 - 9000 4500 - 5000 2500 - 3500 4500 - 6000 8050 - 10500 6500 - 8000 3050 - 4500 2500 - 3800 1900 - 2500 4500 - 8600 2800 - 3100 5800 - 6500 5000 - 6000 2800 - 4000 5500 - 6500 2100 - 3000 1800 - 2500 3000 - 4300 2500 - 4500 5300 - 6200 1800 - 2800 3400 - 4500 9000 - 11000 1000 - 1200 2500 - 3100 4800 - 6500 2500 - 3000 3000 - 3900 7000 - 8000 6500 - 7500 2300 - 3700 1300 - 2500 6500 - 7000 3500 - 4500 7500 - 8500 800 - 1700 2000 - 4000 1500 - 2000
LAND RATES S.No
AREA
RESIDENTIAL (Rs/sqft)
77 78 79 80 81 82 83 84 85 86
Somajiguda Srinagar Colony Srisailam Highway Suchitra Tarnaka Tolichowki Trimulgherry Uppal Vidya Nagar West Maredpally
4200 - 5500 4500 - 5000 5400 - 5800 3100 - 3600 2700 - 3500 3800 - 6300 2300 - 3500 2000 - 2500 3500 - 3700 2500 - 3000
6700 - 7300 4400 - 6700 2600 - 3700 4000 - 5000 5500 - 6500 4500 - 6500 3900 - 4600 2500 - 4300 4400 - 6700 5300 - 6400
1700 - 2900 2400 - 3900 2000 - 3300 2500 - 3900 2900 - 4500 6500 - 7700 4300 - 6700 3500 - 4200 3500 - 5500 3500 - 5000 7000 - 9500 1900 - 2500 8500-10500 2000 - 3000 2100 - 3700 2700 - 3400 2200 - 2800 2000 - 3000 8000 -10000 5000 - 6500 4000 - 5000 2300 - 3000 2600 - 3700 1700 - 2200 7100 - 8000 3500 - 4500 2500 - 4000 7500 - 9000 1900 - 2300 15200 -16900 3000 - 5000 7000- 8000 1700 - 2200 7000 - 9000 8000 -10000 9400 -10000 2200 - 3500 2400 - 4000 2900 - 3550 2600 - 4400
2400 - 3500 3400 - 4700 3300 - 5600 3400 - 4400 4100 - 5100 8900 - 9900 5400 - 6200 5000 - 5500 4500 - 6000 5500 - 6500 8000- 9000 3000 - 4200 4500 - 6400 2800 - 3400 5000 - 6500 3200 - 4500 3000 - 4200 3800 - 4400 7500 - 9000 6000 - 7500 4500 - 5500 3500 - 4500 3500 - 5000 2000 - 3500 9000 -10500 4000 - 6500 3500 - 4500 8000 - 9000 2400 - 3200 15950 -17000 5500 - 6800 7800 - 8400 2500 - 3500 3200 - 4900 5000 - 6000 5000 - 6000 3200 - 4200 3500 - 5000 4500 - 5200 5800 - 6500
COMMERCIAL (Rs/sqft)
RETAIL (Rs/sqft) 8500 5500 2300 3500 6500 6600 5000 8500 5800 6700 -
95000 7100 3200 5000 6800 7500 6500 9000 6500 7500
OPEN LAND RESIDENTIAL (Rs/sqft)
4500 2700 100 2200 3000 2000 2800 2000 4000 3800 -
5900 3700 400 3700 4100 2900 3500 2700 4500 4000
COMMERCIAL (Rs/sqft)
8000 3600 300 3600 6500 3700 3400 3400 8500 4500 -
9000 5300 600 5600 8700 4500 5700 5300 9000 5500
BENGALURU 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Anand Nagar Anjanpura Anekal Banashankari Banaswadi Basavangudi Basavanagar Bannerghatta Road Bellary Road BTM Layout Cox Town CV Raman road Frazer Town GM Palya Hebbal Hennur Main Road Horamavu Hosur Road Indiranagar J.P. Nagar Kaggadasapura Kalyan Nagar Kanakapura Road Kengeri Koramangala Kumaraswamy Layout Malleshpalya Malleshwaram Maruthi Nagar M.G. Road Old Madras Road Rajaji Nagar Rajeshwari Nagar RT Nagar Sahakar Nagar Sahakar Nagar Srirampuram Uttarahalli Whitefield Yeshvantapur
3800 - 5200 4100 - 5200 4700 - 6200 4300 - 5500 5300 - 6800 13300- 14800 4800 - 5200 6000 - 6400 4800 - 6500 6000 - 7000 8550- 10400 4000 - 5800 6000 - 7400 3200 - 4000 6800 - 7500 4200 - 5600 4500 - 5800 5000 - 6000 12800 -13250 9000 - 10000 5000 - 6000 5000 - 6200 5700 - 6500 4000 - 5200 10450 -11300 5000 - 6000 4200 - 5000 11850 -12200 3000 - 4500 19500 - 20000 7000 - 8000 9500 - 10850 4200 - 5000 5500 - 6500 5500 - 6000 6500 - 7000 4000 - 4800 5400 - 6500 6450 - 7200 6200 - 7000
7400 - 8500 2000 - 3000 1100 - 1600 3300 - 4600 4800 - 5600 13300-14400 2900 - 3500 3000 - 4200 1000 - 2500 8500- 10000 3000 - 5000 2500 - 4000 7500 - 8000 2500 - 3500 3000 - 4000 1500 - 2400 1600 - 2500 300 - 750 9200-10000 6800 - 7200 2800 - 3800 6500 - 7000 3000 - 4300 1600 - 2500 9000 - 10500 4800 - 5500 2000 - 3200 10200 -11000 3500 - 4500 10000 -10500 1800 - 2900 9500 -10500 4500 - 5200 3000 - 4500 4500 - 5000 5500 - 6000 4500 - 5000 3800 - 4500 2950 - 3750 3800 - 4600
10300 -11500 2300 - 3700 1400 - 2700 4000 - 5400 6600 - 8700 13600 -14500 3900 - 4700 4000 - 4650 3500 - 4500 8150 - 9450 8800 - 9000 3500 - 4500 9500 - 10250 4000 - 5000 4500 - 5800 2600 - 3800 2800 - 4600 1000 - 1500 13500 -14500 8500 - 9000 3500 - 4000 7000 - 8500 6500 - 7000 2200 - 3000 10000 -11500 5000 - 6500 3000 - 4000 14150 -15900 6000 - 6800 9000 -10500 5800 - 6500 10000 -11000 5000 - 6400 4700 - 5700 6750 - 7400 8750 - 9400 6500 - 7000 4200 - 5500 4200 - 5000 6000 - 7000
Hyderabad Property Rental Rates S.No 1 2 3 4 5 6 7 8 9 10 11 12
AREA Ameerpet Banjara Hills Begumpet Chanda Nagar Filmnagar Gachibowli Hitech City Jubilee Hills KPHB Colony Kondapur Kothaguda Kukatpally
RESIDENTIAL per sqft 11-12 16-18 13-14 08-10 15-20 15-18 18-20 15-16 11-12 12-13 12-14 10-11
COMMERCIAL per sqft 25-30 45-48 40-43 20-28 35-45 38-40 39-42 48-50 35-36 40-44 28-36 20-25
S.No 13 14 15 16 17 18 19 20 21 22
AREA Madinaguda Manikonda Masab Tank Miyapur Nallagandla Nallakunta Nizampet S.R Nagar Somajiguda Vidyanagar
RESIDENTIAL per sqft 09-12 11-12 12-14 10-11 10-13 09-10 07-08 11-12 13-16 10-11
COMMERCIAL per sqft 18-26 24-38 26-35 35-46 24-32 22-25 18-22 23-26 40-49 20-30
NEWS
Source: News pages & Sites..
Water board increases supply to city
A
fter a gap of eight months, the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB) has increased quantity of water being supplied in the city with Osmansagar and Himayatsagar reaching satisfactory levels. "The water board has increased nine million gallons of water per day (MGD) to supply in the city. With this, the water quantity being supplied to the city has increased up to 326 MGD. The water board had reduced supplies from 340 MGD to 317 MGD from March. With draining water bodies, the board was forced to cut down regular water supply to alternate days or once in three days," HMWS&SB director (operations) P. Manohar Babu told. Due to augmentation of water supply, areas located under division-IV (Red Hills, Allabanda, Ziaguda, Gowliguda, Sultan Bazar and Gunfoundry) and areas under
division-V (Narayanguda, Bagh Lingampally, Domalguda, Chilkalguda, Musheerabad, Adikmet, Ramanthapur and Chikkadpally) would get uninterrupted water supply. Simultaneously, water supply has been restored in areas located under division-XV (Ramchandrapuram, Gachibowli, Miyapur, Patancheru and Chandanagar) too. However, the water board has not changed water supply schedules. "The water level in Osmansagar is 1,777 feet against FTL (full tank level) of 1,790 feet. We can supply water from Osmansagar for 310 days. In Himayatsagar, the recorded water level was 1,751 feet against FTL of 1763 feet. The water board can supply water from the Himayatsagar for 316 days. Based on the water levels, we will supply water to the city up to September without any problems," said the director.
As there was no demand from the public, the water board has not been restoring supplies to its full capacity. "The water consumption in winter season is
usually less. We will continue to supply 326 MGD of water up to February 28. Later, from March 1 onwards, the water board will supply 340 MGD to the city," the official replied. However, supplies in rest of the city would be normal as water levels in Singur, Manjira and Akkampally (Krishna phase-I and II) were at FTL.
State to impose height restrictions on buildings
T
he municipal administration and urban development (MA & UD) department has made amendments to the building rules, which restrict the height of the buildings in a society or at specific areas in the state. Issuing a GO (no 469) on Monday, the rule 3 (J)(V) of the AP Building Rules, 2012, was amended where the government either on suo motu or on receipt of proposal from commissioner of nagar panchayat, municipality, municipal corporation or a housing society “can restrict the height of buildings and nature of construction in any particular area�. According to the order, the restrictions could be imposed in areas where there is a lack of infrastructure facilities, environment considerations, heritage conservation, undulating terrain and road formulation, obstruction of view of historical and ancient monuments any other aspect involving public interest. Twin Cities
18 REAL ESTATE BULLETIN
Currently, the height restrictions are in place at Banjara Hills and Jubilee Hills areas of the city and there were no rules to restrict height of buildings as per the prevailing building rules. The MA & UD department officials said certain representations were received from
housing societies wherein they sought height restrictions to protect serenity of their neighborhoods and avoid irregularities, construction of apartments, high-rise buildings and commercial complexes in their area. The GHMC commissioner reported that some plot owners have been taking building permissions for ground and four upper floors for individual residential building and later, are converting them into apartments and for other uses.
December 2013
NEWS
New rule lowers HRA exemption claim limit
I
f you are a salaried taxpayer claiming HRA(house rent allowance) deduction, watch out. The central government has lowered the exemption limit for reporting the rent received. Salaried taxpayers claiming HRA exemption and paying a rent of over Rs 1 lakh per year have to give landlord's PAN (permanent account number). Till now, if the total rent paid was less than Rs 15,000 a month there was no need to submit the landlord's PAN details. The new rule effectively lowers the rent limit from Rs 15,000 a month to Rs 8,333 per month for claiming HRA exemption without making any disclosures. "Further, if annual rent paid by the employee exceeds Rs 1,00,000 per annum, it is mandatory for the employee to report PAN of the landlord to the employer," the Central Board of Direct Taxes said in its latest circular. "In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee," it said.
Though incurring actual expenditure on payment of rent is a pre-requisite for claiming deduction under section 10(13A) of the I-Tax Act, it has been decided as an administrative measure that salaried employees drawing HRA up to Rs 3,000 per month will be exempted from production of rent receipt. The new rule is aimed at people claiming HRA exemption for living in their own house. "It has to be noted that only the expenditure actually incurred on payment of rent in respect of residential accommodation occupied by the assessee subject to the limits laid down in Rule 2A, qualifies for exemption from income-tax," CBDT said in its circular.
Thus, HRA granted to an employee who is residing in a house/flat owned by him is not exempt from income-tax. "The disbursing authorities should satisfy themselves in this regard by insisting on production of evidence of actual payment of rent before excluding the house rent allowance or any portion thereof from the total income of the employee," CBDT said.
Survey helps Hyderabad officials find litigation-free land
A
fter a six-month marathon exercise on government land, the Hyderabad district administration has discovered 66 acres litigation-free government land, worth hundreds of crores, in its jurisdiction. Based on the instructions of the Andhra Pradesh Land Management Authority (APLMA), which was set up to
December 2013
review status of government land in the state, the Hyderabad district administration had taken up the survey on government land located in 16 mandals (Amberpet, Ameerpet, Asifnagar, Bahadurpura, Bandlaguda, Charminar, Golconda, Himayathnagar , Khairatabad, Marredpally, Musheerabad, Nampally, Secunderabad, Saidabad, Shaikpet and Trimulgherry) in the district. The district administration provided Tablet phones to tahsildars to capture the images of government land in their jurisdiction and collate data like survey number, town survey land record (TSLR) number, area, extent and vacant.
“Based on the feedback given by tahsildars, 66-acre clear and litigation-free government land was found in 119 parcels identified in 16 mandals in Hyderabad district. Shaikpet has the largest extent of litigation-free government land, 10.02 acre, followed by Saidabad,” Hyderabad collector Mukesh Kumar Meena told. “Now, our reasonability is to protect government land. So far, the district administration has completed construction of compound walls around 30 of 119 parcels and permission was granted to construct compound walls for the rest. We hope to complete construction of compound walls by March,” he added. The district administration has asked departments like education, women and child welfare, social welfare, BC, SC, ST welfare and minority welfare to send proposals for construction of schools, hostels and other structures on the 66-acre government land. “We have a proposal to construct group housing on government land. Nearly, 2.50 lakh applications seeking land are pending with us for the past five years, but it is not possible to go ahead as the extent of land is less. We need at least 10 acres in one parcel,” replied the collector.
Twin Cities
REAL ESTATE BULLETIN 19
NEWS
For GHMC, going green is a challenge
P
ollution may be common to all, but not relief from it. A glance at the distribution of parks across the four zones of the GHMC will vouch for the fact that it is not wealth alone, but greenery which is unequally distributed! While areas which had been part of the erstwhile Municipal Corporation of Hyderabad (MCH) are endowed with ample greenery in the form of colony parks and public parks, those attached later to form the GHMC woefully lack it. So, we have a Central Zone brimming with verdant patches and a South Zone doing moderately well, leaving much to be desired for in the East, West and North zones. The Central Zone boasts 212 colony parks covering 83.31 acres, as compared to the West Zone with just 58 parks and the North Zone with only 22.52 acres of planned greenery. The Central Zone takes the cake even when it comes to tree parks, which are being developed by the GHMC wherever colony welfare associations do not come forward to take maintenance responsibilities. While tree parks are the lowest, numbered at 22 in this zone, the area covered by them, at 59.14 acres, is way
beyond that recorded in all other zones. Over 800 colony parks and tree parks exist across the five zones of the GHMC, while undeveloped plots, shown as open spaces in the layouts, stand at 892. The Central Zone, constituting several upmarket localities, is also home to many major parks maintained by the GHMC authorities, covering 208 acres of a total of 267 acres. The zone also houses most theme parks. The reason lies in the availability of open spaces, say GHMC officials. The Central Zone and parts of South and North zones, which constituted the erstwhile MCH, have large tracts of government lands. Layouts here being much larger, the sprawl of open spaces, too, is very high. “Municipalities which were merged in the GHMC did not have a horticulture wing, so not many parks or gardens were developed. Our main thrust now is to develop greenery in these areas, for which we are identifying open spaces,� said N. Chandramohan Reddy, Additional Commissioner (Urban Biodiversity). Of a total of 141 colony parks planned in the GHMC area for the year, 60 are planned in the West Zone where many new layouts are coming up and ample space is available, he added. Two major parks are also planned, one at Kishenbagh in the South Zone and the other at Vasanthnagar in the West Zone, Mr. Reddy said.
RBI raises alarm over NPAs, rising realty loans
T
he Reserve Bank of India (RBI) has expressed concern over rising bad loans in banks and has raised a red flag over a surge in advances to real estate - a segment considered as "sensitive" by the central bank. "Though the Indian banking industry weathered the recent global financial crisis largely unscathed, weakening asset quality has emerged as a major concern," RBI said in its report on "Trend and Progress in Banking". "In the past, growth in credit to sensitive sectors viz. real estate, capital market and commodities generally followed a pattern similar to the growth in overall credit." the report said. Real estate, equity markets and commodities are classified as "sensitive Twin Cities
20 REAL ESTATE BULLETIN
sectors" because these assets are seen to be susceptible to high price volatility. According to RBI data, gross nonperforming assets in the banking system have risen to 3.6% by March-end 2013 from 3.1% a year earlier. The central bank said that to bring down bad loans the RBI will extend priority attention to accelerating working of debt recovery tribunals and asset reconstruction companies which are involved in recovery of bad debts. Besides the rise in bad loans, the RBI said there were also signs of a deepening deterioration within NPAs with an increase in the proportion of "doubtful" loan assets. The central bank also pointed out that bad loans were not on account of directed lending and were highest in the non-priority sector.
HMDA likely to miss ORR deadline
T
he Hyderabad Metropolitan Development Authority (HMDA) has revised its Outer Ring Road (ORR) work schedule several times earlier and missed many deadlines. Now, the final deadline set for December, 2013, for completion of the 158-kilometre project, is likely to be missed once again as works are getting delayed due to land acquisition problems, shifting utilities, issues with the South Central Railway (SCR) and slow progress by contractors. Work on the final stretch of ORR (Phase II-B) between Shamirpet and Pedda Amberpet began in May 2010 and was supposed to be completed by November, 2012. The deadline was later revised to December, 2013. However, the contractors might miss this revised deadline too as over 50% of works were yet to be completed. Official sources said it would take another six to seven months for completion of the 33-km stretch., that too eight-lane main carriageway. It appears that the HMDA was concentrating more on making money (toll tax) on the completed stretches rather than completing the project. Of the 158-km ORR, the HMDA had completed and opened GachibowliShamshabad (Phase I), Pedda AmberpetShamshabad, Narsingi-Patancheru and Patancheru-Shamirpet (Phase II-A) stretches for traffic in various phases. The ORR's Phase II-B between Shamirpet and Pedda Amberpet was taken up by dividing it into three packages with financial assistance from Japan International Cooperation Agency (JICA). Package 1 Shamirpet-Keesara (10.3 km) stretch work was entrusted to United Gulf Construction Company (UGCC), while package 2 Keesara-Ghatkesar (11 km) and package 3 Ghatkesar-Pedda Amberpet (12 km) stretches were awarded to Nagarjuna Construction Company in 2010. The Ghatkesar junction works got held up due to orders from court over land acquisition. ORR project director Samuel Anand Kumar admitted that there was delay in completing the ORR stretch between Shamirpet and Pedda Amberpet. "Some issues, including slow progress of work by contractors, are yet to be settled. The eight-lane ORR will be ready by first quarter of 2014," he claimed.
December 2013
NEWS
Decline in property registrations in Andhra Pradesh
W
ith uncertainty looming over status of Hyderabad, there is a sharp decline in property registrations across the state in the past six months. The Centre is yet to clear the air whether the Greater Hyderabad Municipal Corporation(GHMC) will be declared as joint capital or it would be Hyderabad Metropolitan Region (HMR). There has been a drop in property registrations not only in Hyderabad and Rangareddy districts, but also in adjoining districts like Mahbubnagar, Nalgonda and Medak districts, parts of which come under HMR. Sources in the registration and stamps (R&S) department said Hyderabad, Rangareddy and other surrounding districts achieved only 50 to 70% of their targeted revenue for the current financial year. Generally, the department gets more revenue than the set target every year. The department had predicted higher growth in some areas with transitoriented development along the metro rail corridor. However, since the announcement of creation of separate Telangana, buyers have been waiting for clarity on the status of Hyderabad. "Nearly, 70% of the revenue for R&S department comes from Hyderabad and
Rangareddy districts. Of the targeted revenue of Rs 4,570 crore, the department has earned Rs 2,609 crore (57%) till October end," R&S department additional inspector general M Syam Kishore told. For instance, the R&S department had estimated Rs 397 crore in the first six months of the fiscal from Rangareddy (East) division, which is considered to be highly potential with areas like Saroornagar, L B Nagar, Uppal, Hayatnagar, Keesara, Kapra and Shamirpet, but earned only Rs 281 crore (70%) of the target. Similarly in the Rangareddy (West) division, covering sub-registrar offices like Shamshabad, Kukatpally, Medchal, Serilingampally and other areas, the department has earned only Rs 552 crore (72%) against the target of Rs 760 crore. In Hyderabad South, the revenue towards property registration was 58%. Both Mahbubnagar and Nalgonda districts achieved 67% of their target of Rs 102 crore and Rs 114 crore respectively. When compared to last year's performance (till October 2012), all these districts in the HMR region had registered less than 20% of the previous year's registration revenue. "The nearly 70% of the targeted revenue has been earned so far due to increase in market value but not due to increase in the number of documents registered in the previous year. Also, the
dip in revenue in Seemandhra districts was due to the two-month strike by government employees," an official of the R&S department. In Rangareddy (West) division, while the number of documents registered last year (till October) was 59,918, but this year the number fell to 56,907. In Rangareddy (East) division, the number of registrations was 67,970 against 69,172 for the corresponding period last year. In the neighbouring Medak district, there was a drop of 10% in registrations compared to last year and there was minor increase in registrations in Hyderabad district. Interestingly, Khammam had logged the lowest number of registrations in the Telangana region. Realtors predict property transactions might pick up from January 2014 as there would be more clarity on bifurcation of the state and Hyderabad by that time.
410 properties to be acquired by Metro rail
T
he Greater Hyderabad Municipal Corporation (GHMC) has been asked to acquire 410 properties on top priority to speed up the metro rail works in three designated corridors. The priority list was prepared by the Hyderabad Metro Rail Limited (HMRL) as some properties were either blocking construction of piers (pillars) or taking up of new stretches. The project developer, L&T Metro Rail Hyderabad, has started work on the Nagole-Mettuguda, Miyapur-SR Nagar stretches. So far, 962 foundations, covering a distance of 25.29 kms, and 797 piers, covering 21.27 kms, have been completed, officials said. Apart from this, 354 spans were erected on the stretches taken up by the developer. The priority list includes 149 properties on the MoosapetNew Market stretch on Corridor I (LB Nagar-Miyapur), 75 properties between Clock Tower, Secunderabad, and Old Gandhi Hospital on Corridor II (JBS-Falaknuma), 118 properties on the Mettuguda-Begumpet stretch and 68 properties between Jubilee Hills Checkpost and Hi-Tec City on Corridor III (NagoleShilparamam). GHMC officials said the construction of pillars was getting affected due to delay in acquisition of properties. On corridor I Moosapet-Mahbub Mansion via Bharatnagar, Ameerpet, Khairatabad, Nampally, Jambagh and Nalgonda crossroads - 75 properties were halting erection of 83 piers. Similarly, on the
December 2013
Clock Tower-Old Gandhi Hospital and Musheerabad-Kachiguda stretches, 244 properties were yet to be acquired. As there was no right of way on these stretches, 139 piers have not been completed. On Corridor III, on the Mettuguda-Greenlands and Road No. 36, Jubilee Hills stretches, 58 properties were obstructing construction of 118 pillars, the officials said. Interestingly, though the right of way was granted for the metro rail project on some roads, some more properties have to be acquired at curves and bends. For instance, 31 properties are blocking the progress of 41 piers at curves and bends on Road No. 36, Jubilee Hills. The GHMC has also proposed to take over 65 properties between Jubilee Hills Checkpost and Hi-Tec City, covering a distance of five kms, for this purpose. The GHMC's land acquisition wing has been given the task to complete the acquisition process as soon as possible as the project developer has completed erection of piers and spans on the NagoleMettuguda and Miyapur-Kukatpally sections. "The land acquisition on nine stretches, including Kukatpally-SR Nagar, JBS-Narayanguda, Hi-Tec City-Jubilee Hills Checkpost and Mettuguda-Greenlands, has already been taken up by issuing a draft notification for 897 properties, including 213 government properties. The award (compensation) has been passed for 340 properties," GHMC land acquisition officer (HMR) N Raghunatha Rao told. Twin Cities
REAL ESTATE BULLETIN 21
REPORT
EVENTS REPORT ICI-IWC 2013 CONFERENCE & EXHIBITION
I
CI-IWC 2013 International Conference on the theme 'Innovations in Concrete for Meeting Infrastructure Challenge' is held from 23rd to 26th October, 2013 at HITEX / National Academy of Construction (NAC), Hyderabad and simultaneously World of Concrete India Exhibition is organized by Indian Concrete Institute (ICI) and Innovative World of Concrete (IWC) from 24th to 26th October, 2013 at HITEX Exhibition Centre, Hyderabad in between the timings 10 AM to 6 PM in association with Indian Association of Structural Engineers (IAStructE), Jawaharlal Nehru Technological University, Ready Mixed Concrete Manufacturers' Association, Hyderabad Metro Rail Limited. The event ended with a grand Valedictory session graced by Jaipal Reddy, Union Minister for Science and Technology and Earth Sciences, Government of India, along with other dignitaries on the dais. The prestigious and largest concrete exhibition from USA, World of Concrete, successfully launched its inaugural edition in India for which professionals from the construction industry witnessed with great interest and enthusiasm, resulting in the participation of 100 leading industry suppliers and 3,248 professionals from India and abroad. Live demos of equipment and applications in dedicated indoor and outdoor areas at the exhibition venue and presentation of important product and techniques like aggregate processing, aggregates, anchors and fasteners, batching equipment, cleaning materials
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and equipment, coatings inspection, measurement, software, floors and slabs, cutting and drilling, decorative concrete, demolition equipment and materials were the highlights of this event. Participants were exposed to new advancements in the concrete industry and a wide range of quality products, equipment, technology and services on display during the exhibition. This edition proved to be an important step forward to promote the commercial concrete industry in India. “We are very pleased with the turnout for the first edition of World of Concrete in India,” said Tom Cindric, Vice President, Hanley Wood Exhibitions “The level of interest among participants and exhibitors was intense, and we look forward to growing the event and making it a great success.” “World of Concrete India has been successful in providing business opportunities, networking services and one-on-one meetings with the potential customers,” said Rajan Sharma, Director of Inter Ads Exhibitions, Organising partner of World of Concrete India “The
success of the event was the result of our belief in market-focused exhibitions that deliver high-quality content and experiences.” “Hyderabad has witnessed the presence of many professionals from the construction industry during the conference and exhibition and we hope to continue this tradition every year”, said Er. Ar. SP Anchuri, Organizing Secretary, ICIIWC 2013 and announced the second annual World of Concrete India returns to HITEX Exhibition Centre, Hyderabad in October 2014. The event is sponsored by Ultra Tech Cement Ltd (Chief Patron), Tekla and Chryso (Platinum Patrons), Agarwal Foundries Ltd, Varshitha Concrete Technologies Pvt Ltd, My Home Industries, Preca and Master Builder Solutions (Gold Patrons), Prime acc Blocks (Silver Patron), Tech 9 and MC- Bauchemie Pvt Ltd (Bronze Patrons) while The Master Builder, Real Estate Bulletin, The ICJ Mumbai, Built Expressions and New Building Materials are the Official Media Partners.
December 2013
REPORT
Green Building Congress 2013
T
he 11th edition of Green Building Congress 2013 was held from October 24th to 26th at Chennai by the Indian Green Building Council (IGBC) with a theme 'Futuristic Green Habitats & Technologies'. Over 2,000 national and international stakeholders attended the three-day event to share, learn and explore new business opportunities. Also over 100 latest and
emerging green building products and technologies were displayed at the international exhibition. Dr K Rosaiah, Governor of Tamil Nadu, while delivering the chief guest address at the inaugural session on 24 October underlined the need that 'Green' should become a way of life and the concept of 'Green' should reach every nook and corner of the country. He also presented award to
the winner of 'IGBC Green-I Contest' 2013 and award to the winner of 'IGBC Green Design Competition 2013'. Green Building Congress 2013 had two major events, namely, International Conference on Green Buildings and International Exhibition on Green Buildings. On October 25th 'IGBC Green Homes Detailed Reference Guide' was released by Arun Kumar Misra, Secretary, Ministry of Housing & Urban Poverty Alleviation. Dr Prem C Jain, Chairman IGBC, informed that the detailed reference guide was developed with the involvement of various architects, designers, builders and even those living in green homes. Misra also proposed entering into a MoU with Indian Green Building Council (IGBC) to further build the capacities of the ministry staff by ways of organising training and outreach programmes. An important MoU was also inked with BCA, Singapore to promote green buildings in the country and explore new business opportunities. The Green Building Congress 2013 ended on a very positive note. With increased awareness and active participation of all the stakeholders India is well poised to reach 4 Billion sq ft by 2017, which would further reduce water and power consumption and enhance the quality of life.
SAKSHI PROPERTY SHOW S
akshi, the leading Telugu daily newspaper published in 23 editions published simultaneously from 19 cities by Jagati Publications, is owned by Y. S. Jaganmohan Reddy (son of the late Andhra Pradesh chief minister Y. S. Rajasekhara Reddy ) and run by Sajjala Ramakrishna Reddy as the editorial director. According to the Audit Bureau of Circulation, Sakshi is the second largest circulating newspaper in Andhra Pradesh with a circulation reached 15,38,845 and a readership base of 14.3 million. Only in Hyderabad it has a circulation about 3,08,017 copies. Sakshi organized Sakshi Property Show 2013 at Shilpa Kala Vedika, Hitec City, Hyderabad on 9th & 10th November 2013 in between 10 AM and 7 PM. The event was held with the participation of leading Real estate firms, Banks and Developers of the city. The show was inaugurated by Somesh Kumar, Commissioner of GHMC (Greater Hyderabad Municipal Corporation). He promised PPP (Public Private Partnership) in Real Estate projects very soon. The response from the public is very good according to Rajesh Pagadala, Managing Director of Aditya Construction Company, which was the main sponsor of the event. SMR Holdings, Cybercity Developers and Ramky Group were
Deceberber 2013
the associate sponsors of the event while Sakshi TV channel and 92.7 Big FM were the media partners. The other participants include Aparna Constructions, Aliens Group, Fortune Group, Green Home Developers, Janapriya Engineers, Keerthi Estates, Manjeera Constructions, Obili Builders, Pragati Resorts, Pranit Projects,m RV Nirmaan, Saket Engineers, Shanta Sriram Constructions, Shatabdi Township and Swarna Vihar Projects. Twin Cities
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REPORT
SOUTHCON 2013
T
he 2nd edition of Southcon 2013 was held in Chennai on November 15th and 16th hosted by CREDAI TN Chapter, which has opened its doors to non-members and allied professionals such as real-estate consultants. The two-day event also focused on sharing best practices with participants from Tier-II and Tier-III cities with a mix of brainstorming sessions, presentations, and discussions on the realty sector in South India. Keynote speakers and attendees included T. Chitty Babu, Chairman, Southcon 2013, N. Nandakumar, President, CREDAI TN, Ramesh Bafna, Convenor Southcon 2013, Ram Reddy, President, CREDAI Andhra Pradesh, Raghuchandran Nair, Chairman, CREDAI Kerala and Nagaraj Reddy, President, CREDAI Karnataka. The real estate sector is not getting adequate support from banks and policy makers despite its contribution to economic growth, according to Lalit Kumar Jain, Chairman, Confederation of Real Estate Developers Association of India (CREDAI). Over Rs 50,000 crore of bank loans are on the verge of being treated as bad
debt as banks refuse to restructure these loans even though adequate collateral is available with developers, he added. Addressing the inaugural seminar on realty organised by CREDAI, he said the world over the housing market is an indicator of growth. But in India it does not get adequate incentives. Cost of approvals account for over 40 per cent of sales cost, he said. N. Ram, Chairman, Kasturi and Sons, the publisher of The Hindu Group of publications, said real estate sector is an important part of national economic activity but is “under-estimated and sometimes demonised” due to misconceptions that it makes super profits. The media too tends to rush into judgement. It is “fair enough” if the real estate sector complains when the news coverage is not fair and reliable. But the construction industry too should not be “over sensitive” as long as the media gets the facts right. He commended CREDAI for spelling out a code of conduct. If this is enforced to address customer needs a “tremendous job would have been done”, he said. Transparency in project approvals and according of industry status to the real estate sector are crucial for sustained economic growth and job generation, according to T. Chitty Babu, Chairman, Southcon 2013.
EENADU PROPERTY SHOW
E
enadu, the largest circulated daily newspaper in Andhra Pradesh, having a circulation of around 17,01,145 and only in Hyderabad it has a circulation of more than 4,30,501 copies. It is founded by the Indian media baron Ramoji Rao in 1974. It has successfully adapted the latest publishing and communication technologies into the Telugu language. According to the Indian Readership Survey (IRS) Q1 2012, Eenadu ranks No. 6 among the regional languages dailies with a Total Readership (TR) of 59,06,000. Eenadu's rapid expansion enabled diversification of its portfolio by venturing into numerous other markets such as finance and chitfund (Margadarsi chits), foods (Priya Foods), film production (Usha Kiran Films), film distribution (Mayuri Films), and a group of television channels (ETV). All the businesses are organized under Ramoji Group. Eenadu regularly organizes Property Shows at least once in a month with its regularly participating exhibitors and a few new takers at different potential areas of the city like Ameerpet, Kukatpally, Dilsukhnagar, Hitec city etc. In the month of November on 23rd and 24th Eenadu Property Show was held at Whitehouse Function Hall, Kothapet, Dilsukhnagar, Hyderabad at timings 10AM to 8 PM. The show was inaugurated casually by Stall Organisers and the Representatives of Eenadu. The event showcased the properties mostly concentrating in the Eastern Zone of Hyderabad like Uppal, LB Nagar, Bachupalli, Bandlaguda, Pragatinagar, Dilsukhnagar etc. Twin Cities
24 REAL ESTATE BULLETIN
The visitors showed interest in knowing more details about the projects. Along with the amenities and project specifications, they also gathered information about the infrastructural developments happening around like nearness to the Metro Rail, ORR (Outer Ring Road), ITIR (Information Technology Investment Region) etc. The event is mainly sponsored by Janapriya Engineers Syndicate, while Legend Construtions and SV&RS Projects were the Associate Sponsors. E Tv2 was the Media Partner. Aakruthi Township, Alekhya Homes, AVC Group, Doyen Constructions, Fortune Group, Green Home Builders, Harsha Homes, JB Infrastructures, Mahanagar Homes, Mansani Constructions, Namitha Developers, Prajay Engineers, Pragati Resorts, Ramky Group, Saket Engineers, Sri Sri Gruhanirmaan, Subhagruha Projects, Swarnavihar Projects, TNR Group, Vanamali Conmstructions and Vishal Projects were the other participating builders who exhibited their properties in the event.
December 2013
REPORT
HYDERABAD 10K RUN
T
housands of people, including celebrities participated in the Hyderabad 10K Run for good health around Hussain Sager Lake in the heart of the city on 24th November 2013 which is organized by Deccan Chronicle. The environs of the picturesque lake warmed up on a cool morning as about 20,000 people, including politicians, film personalities, sportspersons and software professionals, joined the run. Sponsored by the State Bank of Hyderabad, the run began at People's Plaza on Necklace Road and ended at the same venue after passing through NTR Gardens and Sanjevaiah Park. Hyderabad Police Commissioner A.K. Khan flagged off the run, which attracted a large number of youngsters. Parliamentarian G. Vivek, Telugu film actors D. Suresh, Muralimohan, Naga Chaitanya, Nikhil, Navadeep,
Deceberber 2013
Manchu Vishnu and former All England badminton champion P. Gopichand also participated. Started as a fitness awareness event seven years ago, Hyderabad 10K Run has now become an important sporting event. This year, participants also highlighted the message of "keep the lake clean". Even the speculations of rains did not dampen the spirits of Hyderabadis who
turned up in huge numbers. With the weather playing nice, the crowd got a much-required warm-up session with yoga and Zumba, followed by an energetic dance performance by Shiamak Davar's institute. The crowd cheered as a mix of techies, students and corporate professionals participated in the run. Emcees Rahul and Bhargavi entertained the crowd, as singer Sri Krishna made them dance to his numbers. David Kiptoo Kiprotich, Indrajit and Yogendara Kumar bagged the first, second and third prizes respectively in the Elite Men category. In the Elite Women category, Kavita Raut, Jhuma and Swathi bagged the first three prizes respectively. The winners received cash prizes of Rs 1 lakh (First), Rs 70,000 (second) and Rs 50,000 (third). The organisers said 17,400 people had earlier registered for the run while many more turned up for spot registration. Hyderabad 10K Run Foundation chairman Daggubati Suresh Babu said an entry fee of Rs 200-Rs 500 was introduced this year to make it a professional event. The foundation plans to make the run an international event in the next five years.
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AAJIVAN KAARAVAS H O M E L O A N - Sarath. N
COVER STORY
Roti (food), Kapda (clothing) aur (and) MAKAAN (SHELTER) are the basic needs for the survival of every individual for which we struggle each and every day. or urban middle class people in India, food and clothing is not a big deal but owning a Home is a major task as it requires huge investment.
F
or poor people at least there are some housing schemes, while rich class has more than one house in their asset list, it is the middle class who constitute roughly 30 per cent of India's population still suffering in rented accommodation. A person who wishes to buy the first home has a number of discouraging aspects. To start with, Home Loan is the foremost factor which can be compared with Aajivan Karavas (Life Sentence) as the home buyer will be imprisoned by the burden of equated monthly installments (EMIs) for a long period around 20 years which is more than the duration of 14 years Life term punishment in India. Though the middle class contribute maximum share in Gross Domestic Product (GDP) of India, they are least considered for any subsidy or waiver from the Government or from the banks. Even the tax exemption is very nominal. The Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has ongoing programmes such as JNNURM consisting of Basic Services of Urban Poor and Integrated Housing and Slum Development Programme (BSUP & IHSDP), Interest Subsidy Scheme for Housing the Urban Poor (ISHUP), Affordable Housing in Partnership (AHP) and Rajiv Awas Yojana (RAY). However, most of them are oriented towards poor people. The Housing policy focused on providing government built houses targeted at Economically Weaker Sections (EWS) or Low Income Group (LIG) families but no policy in the country is meant for Middle Income Group (MIG) families residing in cities and metros. The current Urban Housing shortage estimated at 18.78 million has been arrived at considering factors such as obsolescence, congestion, homelessness etc. A significant number of people are actually living in substandard houses and yet paying a significant premium for the same. Incentives and subsidies are not as relevant for the urban middle class as
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they are for the rural farmers. Banks prefer to seize the property rather than providing a rebate or waiver on the interest on home loan. Introduction of affordable housing schemes by the government is far away, it could not even define the term 'Affordable Home' in the present scenario. Buying a home is one of the crucial decisions a person has to take during his life. It is rare to find someone from middle class who can pay the entire cost of home at one time. A home loan is an essential part of his home buying endeavour. As home loans are by far the biggest loans quantum-wise, failing to pay monthly EMI is usual under various circumstances like recession, loss of job, divorce, major accident, critical illness, death of the breadwinner etc. Even if everything is normal, it is stressful for the borrower to meet his ends each month along with the monthly commitment of Home loan EMI. Home loan is a life time journey, which involves many hurdles having a lot of hiccups in the entire pathetic process which starts with a formal application for the loan asking certain basic information which includes personal, residential, income, employment, educational details along with property details, estimated costs and current means of financing the property. Though the requirements may vary from bank to bank but there are certain things which every bank will ask. Generally the banks will ask for proofs related to income, age, identity, address and bank statements. Strange but true, many of the home loan applications do not pass even the first test. They are out rightly rejected due to incompatibilit y between the borrower's qualific ations and lenders requirements. It could be the age criteria, income criteria, proper
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REAL ESTATE BULLETIN 27
COVER STORY
documents not being submitted, the bank not being able to verify the applicant's details properly, not passing the field investigations conducted by the bank and many more. Banks charge a processing fee for every home loan application, generally in between 0.25 to 1 per cent of the loan amount. This is the cost of applying for home loans. It is payable at the time of applying for the loan which is used by the bank to start and maintain the home loan process including completing the various formalities during the
entire period. This fee is generally non-refundable and is charged to cover the costs of determining the loan eligibility of the potential borrower. In simple words this means that for whatever reasons, if the bank finds that the borrower doesn't deserve the home loan, this fee won't be returned back. Other than processing fee some banks also charge File charge, Administrative fee, Legal charge, Commitment charge, Prepayment charge, Switchover charge and so on. Administrative fee is the same as the processing fees mostly 0.5 to 1 per cent of the loan sanctioned. Some banks charge both processing fee and administrative fee together. Legal charge is charged towards the legal evaluation of the papers related to the property. Commitment charge is payable if the loan is not used within a specified period of time after sanction. Some banks levy a prepayment penalty in case the loan is repaid before the full term or certain agreed minimum period. The amount varies from 1 to5 per cent of the outstanding amount of loan. If a borrower decides to switch over from one bank to another, some banks charge a fee. Some banks insist that the house should be adequately insured or the borrower should take a life insurance policy where the sum assured is at least equal to the loan amount. The insurance amount is used to repay the loan. In case of any damage to the house, the reconstruction cost is paid to the borrower. The loan amount sanctioned is Based mostly on repayment capacity of the borrower. Many things come into picture, when the bank decides how much home loan a person can get. The monthly income, financial history, other unpaid loans with the borrower, past repayment record, credit card usage history if any, bounced checks, average balance with the banks, continuity in present employment, total years in employment, nature of employment etc. These factors all clubbed together help the bank to decide whether it will be able Twin Cities
28 REAL ESTATE BULLETIN
to recover its money satisfactorily or not. The bank has its own experts for legal, technical and financial appraisal of the property in question. It evaluates the property on its own established parameters and assigns a value to it. This value can be significantly lower than the price quoted for the property. Thus the bank will only lend up to the amount it valued. This can cause a significant gap between what the borrower need and what the bank is willing to lend. The title deeds and NOC documents have to be furnished in the bank's format. Borrowers, who don't provide such documents in proper format, will ruin the entire exercise and won't get any home loan. Banks require the borrower to fund at least 10 to 20 per cent (varying from bank to bank) of the entire loan amount as the down payment for the home loan. This amount has to be deposited before the disbursal of the home loan. In the absence of such down payment the bank will refuse home loan to the borrower. For a home loan of 50 lakhs this could mean anything between 5 to 10 lakhs. This amount must be readily available with the borrower. In a scenario where the valuation of the property by bank is considerably lower than the market price of the property, the balance will also have to be paid by the borrower. This effectively increases the down payment. Interest rate is a big problem for home loan customers, there is always confusion in the mind which bank provides good rate of interest. Whether to go for a fixed rate or floating rate interest for home loans is another dilemma which almost every home loan borrower faces. Even after deciding on a particular loan regime, the home loan terms and condition fine prints can create havoc with the interest rates. For example even if a borrower has opted for fixed rate home loan and the bank has promised him a rate which he feels is good, the catch is in the fine prints which authorizes the bank to vary this fixed rate every 2 years, things can go worse for the fixed rate borrower. Similarly if the bank doesn't pass the benefit of lowered interest rates in floating interest rate regime, it will be of a little value. The volatility in interest rates has affected borrowers hit financial bumps along the road to their dream home. Discrepancy in interest rates between existing borrowers and new borrowers, porting of home loan, stringent rules by lenders and clauses on fixed rate home loans are the other issues faced by home loan borrowers. Interest rates on home loans are usually linked to the benchmark rate of the bank, be it the Prime Lending Rate (PLR) or the more recently introduced Base Rate, as the case may be. From this benchmark rate, a fixed rate is either deducted (in the case of a PLR) or marked up (in the case of a Base Rate) to arrive at the floating rate on the home loan. Any changes in the benchmark rate
December 2013
COVER STORY
will thus automatically result in a change in the interest rate on the home loan as well. For example, consider a borrower who has taken a home loan from a Housing Finance Company (HFC) at terms which state that his interest rate will be 300 base points (bps) lower than the prevailing PLR. This was the agreement entered into with the bank at the time of availing the loan. The PLR at the time of granting the loan was 15 per cent, and the interest rate on the home loan thus stands at 12 per cent. Now, if after 2 years, the PLR is reduced by 50 bps to 14.5 per cent then the interest on his home loan also automatically falls to 11.5 per cent. On the other hand, in order to attract customers, a new borrower may be offered terms with a mark down of 350 bps. As a result, the interest rate he gets on his home loan will be 11 per cent only. This is the reason for the discrepancy in interest rates. In recent times, in view of the increasing incidence of customers switching banks to avail better rates, the existing borrowers are being offered an option to change to new rates in the same bank by paying a switch fee or a conversion fee. This can be 0.5 per cent to 1 per cent of the outstanding loan amount. This is a good way of availing interest rates offered to new customers. However, this scheme is not actively pushed by banks, and not all lenders offer this. In such a situation, most existing borrowers resort to porting their home loans to banks which offer lower interest rates. This has been encouraged by RBI by removing the prepayment penalties on floating rate loans. However, it is important for customers to read the fine print before taking this step, as there may be many unanticipated costs to be borne. Processing fee, stamp duty, notarization charges, franking charges and insurance premium are some of the likely costs which a customer needs to bear. This can easily work out to be 0.5 to 0.75 per cent of the loan amount. Add to this the requirement of submitting all documentation again to the new bank. It is therefore important to understand the merits of switching the home loan, and try to use the option of staying with old bank using the switching fee option, wherever possible. Another issue faced by fixed rate home loan borrowers in the applicability of the reset clause. Fixed rate loans are not fixed for the entire loan tenure. The reset clause is invoked as and when applicable according to the terms of the agreement. Thus,
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if there is a scenario of increasing interest rates in the economy, banks will reset the interest on the fixed
rate home loan. Although there is no option to remove this clause, borrowers can search for banks that offer fixed rate loans with no reset clause. Borrowers also sometimes face the issue of the inflexibility on the bank's part to adjust the EMI amount or tenure in case of an interest rate revision. The hassle of reworking EMIs as well as changing ECS mandates may deter banks from changing the EMI amount. However, from the customer point of view, it must always be remembered that reducing the tenure is a better option compared to reducing the EMI amount in case of a downward interest revision, to save on interest costs. Recently home loans are set to get more expensive with State Bank of India (SBI) and HDFC Bank raising their benchmark rates by 20 bps. Both the banks raised their base rate to 10 per cent from 9.8 per cent. Following the increase, home loans from SBI will attract 10.3 per cent interest for borrowings up to Rs 30 lakh and 10.5 per cent for loans above Rs 30 lakh. Typically, a 20 bps hike results in the monthly EMI on Rs 30 lakh loan going up by Rs 368. The country's largest home finance company, HDFC, offers home loans at 10.4 per cent for amounts up to Rs 30 lakh and 10.65 per cent for loans above that. Lack of serious policies towards affordable houses could jeopardize the quality of life of the urban middle class. If the government concentrates in the welfare of middle class segment, it can introduce many schemes by partnering with private real estate developers under Public Private Partnership (PPP). It can also increase the tax exemptions for the people who take home loans. It can make Reserve Bank of India (RBI) to reduce the documentation for home loans. It can even waive processing fees, surcharge, cess and other charges over home loans, if not for every individual investing in property, at least for the first time home buyer. Twin Cities
REAL ESTATE BULLETIN 29
BELIEFS
II VAASTU OF BUILDINGS Any struchare whether it is a residential house, Office, Industrial House, Business concern, Theatre, Temple, Choultry, Hotel-should be built according to VAASTU. 1. The building should be built leaving open space on all sides. 2. More open space should be left in North side of the plot and less space in the South. 3. Similarly more open space should be left in the East than West side of the plot. 4. The building height should be more on the South and West. 5. The height or level of the building should be less in North and East. 6. On a multi-storeyed building, terrace should be left towards North or East, not towards South or West. 7. Balconies should be towards East or north. 8. More window openings should be towards East and North. 9. Less window openings should be towards West and South. 10. Thicker walls should be built on West and South side. 11. Thinner walls should be built on East and North Side. 12. Doors and Openings should be more towards North and East side. 13. Doors should be less in number towards West or South. 14. The compound walls of South and West should be thicker and more in height than those of North and East. 15. Gate should be on the North East direction, depending upon the road whether it is North or East. 16. For South road facing house, the gate should be on South or South-East and not on the South-West. 17. For a West road facing house, the gate should be in West or North-West and not in South-West. 18. The South-West room should be the master bed room. 19. South-East room should be kitchen. 20. North-East room should be Pooja room. 21. Bathroom normally preferred in East, where it is not convenient, South-East or North-West may be recommended.
LILADHAR VYAS
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22. The number of doors or windows should be even and not odd. 23. Verandahs should be designed in East or North. 24. The level of Verandah roof should be less than the normal roof level. 25. No Verandahs should be built in West or South. 26. Portico should be designed in North-East, or East or North. 27. Roof level of the portico should be equal or less than Verandah. 28. Staircase should be in South-West because of its height and weight. 29. Oveerhead Tank should be either in South or West. There is a difference of opinion to have it on South-West; more weight is acceptable on South-West but water in SouthWest not advisable. 30. Out-houses can be built in South-East or North-West but they should not touch North and East walls and the height of the rooms should be less than the main house. 31. Car garages also should be along with out-houses on the same principle but portico should be in North East. 32. Septic Tanks in NorthWest or South-East are acceptable. 33. Water Sumps: In the North-East that too below the ground level only. Water tank above the ground level in the North-East is not correct. Plan of two bed room house in a plot facing East Road
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1. Well in N.E. 5. Kitchen in S.E. 6. Bed rooms in S.W. & N.W
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BELIEFS
ELEVATION East side
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The ornamental pillar shown in north is higher than all other sides which should be avoided or the height should be reduced. Well, exactly in north-east corner as shown on 45, 49, 51 and 53 is not correct. It should be a few feet away from the corner, as in the plan on page 47. Plan showing a two bed room house in a plot facing North Road
ELEVATION West side * *
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The ornamental pillar in the south-west is higher than all other sides which is as per Vaastu. Some of the doors and windows shown in the plan are not according to Vaastu. They have to be altered as per Vaastu without causing much inconvenience. The puja room should have an opening in the northeast. It should not be closed as shown in the plan. Verandah in place of Puja and Puja in place of Verandah would be still better.
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Plan showing a two bed room house in a plot facing South Road
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100
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PUJA KITCHEN VER W
D D
BED
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KITCHEN
W 50
50
V TOILET
W BED
1. Kitchen in South east 3. Portico in North east 5. Bed rooms in N.W. & S.W.
2. Well in North east 4. Gate in North east 6. Toilets are west-along with bed rooms
1. Gate in South 2. Well in North east 3. S Tank in North west 4. Puja in North east 5. Kitchen in North west (Second best) 6. Bedrooms S. W.& North west
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D D D D
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DRAWING W D GATE
ROAD
ELEVATION North side * * *
North-east side of the building should be less or equal in height than all other sides. Roof slope has to be towards north, east or north-east. South-west side of the building should be the highest. Plan of a single bedroom house in a plot facing West 120
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VERANDAH
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80
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TOILET
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*
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R O A D
South side *
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G A T E
ELEVATION
W
1. North west gate 2. North east well 3. North east puja 4. North east verandah 5. North west septic Tank 6. Bed room in South west
Ornamental wall in south-west should be the highest as shown in the elevation. The other ornamental (plain) wall towards north-east side is higher than north-west side, hence this should be avoided or reduced in height. The levels of sloping roof should be lesser at north-east than at south-west.
Liladhar Vyas V A S T U C O N S U L T A N T
Flat No. 104, Well Street, 4-1-675, Jambagh, Hyderabad-500 095. Phone: 040-24615355. Mobile: 098490 38484, 093930 38484. Mumbai: 093222 96261. Email: vastuvyas@gmail.com
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PROJECT
-Sarath. N
R
amky's recently launched prestigious residential apartment project, Ramky One Kosmos is creating the right buzz amongst property buyers. Ramky Estates and Farms Ltd designed this project to give a new dimension to life. With a well developed social infrastructure and serene environment the project is strategically located at Nallagandla, Gachibowli, Hyderabad. Presenting the very best in location, design, quality and amenities, it is set in the fastest growing residential Hub of Hyderabad in close proximity to the IT hub, Financial District. It is the ideal representation of being “close to town and closer to
nature”. It offers the best of modern living guaranteed for a tension free life. Ramky One Kosmos is a world of luxury that encapsulates the goodness of nature and the comforts of new age at an unbeatable price. It is a perfect blend of proximity and privacy. The project is masterfully designed world of comfort that is a perfect blend of modern amenities, luxury fine finishes, the best-inclass features and signature craftsmanship. The Project is aesthetically designed with multi level green terraces, soothing views and a host of amenities for healthy, harmonious and comfortable living. Nestled amidst the Financial District, IT Parks, school, shopping centre, hospitals, it features 2 & 3 BHK apartments ranging between 1070-1635 square feet. Project Highlights: Phase I of 4.75 acres in 13.5 acres project Gated community with modern amenities Ground +14 floors Luxurious 2 & 3 BHK apartments Sizes ranging from 1070 1635 sq. ft.
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PROJECT Amenities: Clubhouse Air Conditioned GYM Indoor Facilities: TT Table, Cards Room, Banquet Hall Outdoor Facilities: 1 Tennis court, 1 half Basketball court Swimming Pool with deck Landscaped Gardens with few fountains Jogging Track TOT LOT with basic equipment Power back up of up to 500W for each unit. 100 % Power Back up for common areas (Lobby, Lift, Clubhouse) STP and WSP Car Wash Area Intercom/ Wi-Fi Rain Water Harvesting 24 hours security with CCTV surveillance. Solar fencing. Provision for gas pipe line. Provision for Beauty parlor Space The Group Ramky Estates and Farms Ltd (REFL), an established developer enriched with 14 years of proven construction experience and reputed for its exemplary commitment to quality. Established in the
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year 1994, the company has been focusing on developing prime residential, commercial projects and has completed a string of benchmark projects across Hyderabad, Chennai, Bengaluru, Visakhapatnam and Warangal. Ramky's success stems from its highly customer-friendly business model which mandates and delivers exceptional levels of quality, innovation and value with every project it undertakes. The company's strong corporate philosophy ensures strict adherence to all regulatory norms, thus delighting customers with absolutely safe and hassle-free property. What's more, with Ramky's passion for equipping each of its projects with advanced design, best-inclass amenities, super prime location and green environs, the company's residential projects are much sought after by the discerning property buyer. REFL is part of the well-diversified RAMKY Group, founded in Year 1994-95. Ramky Group is a specialist multidisciplinary organization with a turnover of around Rs. 2500 cr. focused in the areas of Civil, Environmental & Waste Management infrastructure with specific emphasis on 'Public Private Partnership' projects. The Group has a pan-India presence with more than 500 projects locations across 23 States (including Union Territories). Internationally, the Group's footprints can be seen in U.S.A, Singapore, Saudi Arabia, UAE, Vietnam, China, West Africa and Peru.
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HOUSING
GUIDE TO OWN
H
A HOME
ouse is a dream for a common man. Most of the people want to have one good house for them and they want to live happily in that. While owning a house if you are not aware of the basic information, there are more chances of losing your money and quality in construction. You should have basic knowledge so that you can save money, time and material. Since 80 per cent of the persons will construct only one house. So by the time they realize they made a mistake, people will not get a chance to construct another house. Owning a house is one our most valuable possession, one of our biggest investments in terms of finance, and also one of our biggest joys. Ensuring that your dream house turns into a reality, requires much more effort than merely shelling out funds for investments and making a trip to a property broker. You need to gather information and understand the implications involved on housing transactions, the processes for obtaining housing finance and the various other aspects to become a satisfied master of your own house. Starting from scratch you need familiarize yourself with the 'buying' jargon involved in housing and housing finance in India, evaluate your reasons of buying, plan your funds, decide on the right house, before making the final purchase deal. You need to be on top of each aspect so that your search to buy the perfect house ends on a happy note. This article takes you beyond the 'text-book' approach for buying a home. It offers you a useful and practical mix of resources, guidelines, documentation, checklists, and interactive tools – that help you purchase your dream house quickly and smoothly. Why do you need a house? If your requirement is an accommodation in a particular area or city for a certain period of time as you might move to another Twin Cities
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city or area, then renting becomes a good option. However, if you are looking for stability and freedom or for pride of ownership, then you should consider buying a house. Owning a house means there's no landlord to take care of the routine maintenance and utilities. You as house owner will be responsible for every aspect of maintenance - from leaky faucets and electrical short circuits to whitewashing. You need to carefully ponder the responsibilities that come with ownership of a house before taking the final plunge. Before you begin the search for your dream house, you need to know if buying is the right choice given your budget, preference, and situation. Decide if buying a house is a better option than renting one, and what impact does market mood have on house buying decision. If you can't commit to remain in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner - even in a rising market. When prices are falling, it's an even t's an even worse proposition.
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HOUSING continue renting. Only if all those answers still point towards owning then you should proceed to the next step. Is it right time to buy? Purchasing a property is never an easy task, given the dynamic nature of the real estate industry in India. If you are planning to buy property, you first need to decide why you want to purchase the property. Are you buying a house to live in or is it an investment opportunity in real estate? As a homebuyer you need to analyse the market mood and trends of the area in which property is to be bought. If you are looking for a house to live in immediately, then market mood may not affect your decision and developed Advantages of Renting Advantages of Buying a Home residential areas become a preferred choice. If, on the other hand, Initial money required is less. · A house helps to build equity. · you are looking to invest, then you need to evaluate various Flexibility to move house as · When property values appreciate, · property markets and areas with prospective development as they per requirement. an asset is built. may become a better choice. Whatever the reason for buying a No need to worry about · Certain tax benefits can be · maintenance of the house. availed. property, analysing the market mood and trends of the area in No capital at risk. · Freedom to maintain your house · which property is to be bought is one of the most important step to as per choice. be undertaken by a homebuyer. Property tax to be paid by · Sense of stability and community. · Whether to buy a house for residence or invest in real estate, landlord. you must track property rates by analysing market trends because Experience the pride of ownership. · the real estate market is, at times, very volatile. India witnessed an unprecedented growth in the real estate sector with the easing of Disadvantages of Renting Disadvantages of Buying a Home the investment norms in the early 1990s. Ease of availing home Rent money can be money · Sizeable amount of funds required f · loans and the Government of India's policies added to the growth of wasted as neither any returns or initial down payment. can be availed nor will an the property market. Equity built in home may decline. · asset get created in hand. Time and effort for maintenance · The Government of India decided to allow FDI up to 100 per Accommodation may not be as · will become necessary. cent under the automatic route in townships, housing, built-up per personal desires or needs. Need to sell existing house may · infrastructure and development projects to catalyze investment in Rents are bound to increase · arise if there is a requirement to townships, housing, built-up infrastructure and development on a yearly basis. shift house and purchase another projects. Apart from IT, ITES and Business Process Outsourcing Periodical shifting at expiry of · house. If unable to purchase or lease will necessitate house sell, a house may have to be (BPO), our country has shown its expertise in sectors like hunting on a regular basis. taken on rent, adding to your costs. automobiles, chemicals, apparels, pharmaceuticals and jewellery, where it can match the best in the world. All this calls for additional Home ownership means you no longer pay monthly rent for space provision. the roof over your head. You can do what you The demand for housing has been steadily increasing in India, want with your house (within reason). When with housing shortage pegged at nearly 26.53 million dwelling you leave, you can sell it to recoup the purchase units. Tax concessions and mobility of populace have all added to price and - with any luck - earn a profit too. But the demand for housing in India. The upward don't kid yourself. Home trend was however dampened by the ownership comes with a slew of Subprime Crisis in 2007 along with the disadvantages, responsibilities, continuous financial crisis faced by several and downright headaches. So before global economies. Major cities in India saw going any further, consider whether your correction in property prices by 25-30 lifestyle and finances make home buying a per cent in the early part of 2009. smart move. Builders and real estate developers in High costs mean you India also suffered a setback with fall should be prepared to stay put. Except in a in credit ratings. roaring real estate market, it usually doesn't According to an analysis by property make sense to buy a home you'll own for less consultants Jones Lang LaSalle, the prices than three or four years. The high transaction in some areas are at the peak they were in 2008, cost of buying and selling property means you but they are at the bottom in 2013. This view is could lose money on the deal. If you do make money, mirrored by Cushman and Wakefield. It is expected you'll pay capital gain taxes if you're in the house less than two that banks will follow stricter norms while lending years. When home prices are falling, it just makes the case against to both developers and homebuyers, thus causing a buying even stronger. So ask yourself if you can really stay put for decline in housing demand which may further that long. Will you need to move because you are transferred by affect house prices. During this period the demand your current employer or a new one? for houses saw a change, the market trend shifted It may make more sense to rent. On the financial side, one key from high-end apartments and homes to more question is whether it costs more, on average, to rent or own in affordable housing. your area. The rule of thumb is that if you pay 35 per cent less in Affordability is one the most important rent than you would for owning - including the monthly mortgage, factor affecting the sale and purchase of property taxes, and any homeowner's fees - then it's smarter to property in India today. Tightening of Buy a house or rent a house? This is one of the biggest decisions of an individual's life. As you get ready to take this decision, you need to consider what is more suitable to your needs - buying a house or taking one on rent. Both buying and renting have their advantages as well as disadvantages and you need to weigh them both based on your personal needs and more importantly your budget. To make the decision of whether to buy or rent a house simpler, refer to the advantages and disadvantages listed below. Weigh the pros and cons and see which ones are valid in your situation.
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HOUSING housing loan norms by the Reserve Bank of India and increase in rate of interest by banks had made many homebuyers adopt a wait and watch policy for 2010 which seems to continue till 2013. While purchasing property it is advisable for people with limited resources to opt for owned property as it ensures stability along with increase in price of asset owned. If you are looking for a house to live in or own a place for work-cum shelter but have limited resources, a smart option would be opting for housing finance. Do I have the budget? Buying a house may be an essential requirement as per your needs but this parameter is not enough to decide if buying is the best option for you. Buying a house may not always the best financial choice. Before you take the plunge, you need to pause and reflect on what it really costs to own a home and if you can truly afford it. The first thing to consider is if you have the funds to purchase the house or you need a loan. If you have your own funds, then the next step would be to determine whether a house of your needs fits with the equity you have in hand. If you opt for a loan, will you turn to family and friends for funds or will you seek commercial lending institutions? Whether you pay from your own funds or you opt for a home loan, you need to budget for expenses like property tax, home insurance, stamp duty, registration cost, maintenance, etc., which are additional costs over and above the basic price of a house. While stamp duty and registration costs are one-time expenses, remaining are recurring costs which may be quarterly, monthly or yearly, According to housing finance industry experts add around 20 per cent additional cost to monthly home loan EMI for the actual cost of owning a house. Once you have worked out the expenses, compare them to the budget available. For most people, buying a house involves a double financial whammy. First you have to assemble a pile of cash for the down payment and closing costs. Then you must convince a bank to lend you an even more staggering sum, generally 70 per cent or more of the purchase price. So your first step, even before you start the actual hunt for a property, should be to get your financial house in order. Since you most likely will need to get a finance to buy a house, you must make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any problems you discover. Among other things, they show whether you are habitually late with payments and whether you have run into serious credit problems in the past. A credit score is a number calculated from a formula based on the information in your credit report. A low credit score may hurt your chances for getting the best interest rate, or getting finance at all. So get a copy of your reports and know your credit scores.
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Errors are not uncommon. If you find any, you must contact the agencies directly to correct them, which can take two or three months to resolve. If the report is accurate but shows past problems, be prepared to explain them to a loan officer. Next, you need to determine how much house you can afford. For a more accurate figure, ask to be pre-approved by a lender, who will look at your income, debt and credit to determine the kind of loan that's in your league. If you have significant credit card debt or other financial obligations like alimony or even an expensive hobby, then you may need to set your sights lower. The rule of thumb here is to aim for a home that costs about four-and-a-half times your gross annual salary. But you'll do better to use one of many calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford. Housing Finance Companies will offer loans based on repayment capacities and even then you will require equity to meet initial down payments. Another rule of thumb is that all your monthly home payments should not exceed 36 per cent of your gross monthly income. The size of your down payment will also determine how much you can afford. You'll need to come up with cash for your down payment and closing costs. Lenders like to see 20-30 per cent of the home's price as a down payment. If you can put down more than that, the lender may be willing to approve a larger loan. With a down payment under 20 per cent, if you take finance for Rs 25,00,000, your EMI will cost around Rs. 25,000 per month at an interest rate of 10.5 per cent for a loan tenure of 20 years. Once you've considered the down payment, make sure you've got enough to cover fees and closing costs. These may include the loan fees, processing fees, inspection fees, and the cost of a title search. They can easily add up to more than Rs 1,00,000 and often run to 5% of the finance amount. Do you have the necessary budget available to take care of the complete house owning cost? If not, then renting might be a wiser choice till the time your financial situation meets your house buying needs. At the end, the decision of whether to buy or to rent a house rests entirely with you. You are the best judge of your financial resources and your personal factors. So take an objective look at all the factors before making the final call.
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FOCUS
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FOCUS
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FOCUS
Before
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After
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FOCUS
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HOME STYLE GYAN
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HOME STYLE GYAN
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MARKET DYNAMICS
?
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MARKET DYNAMICS
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MARKET DYNAMICS
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FINANCE & LOAN
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FINANCE & LOAN
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FINANCE & LOAN
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CIVIC CRISIS
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CIVIC CRISIS
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CIVIC CRISIS
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VIZAG REPORT
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VIZAG REPORT
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KBEFORE NOW THE RULES YOU BUY Flat buyers need to sort out crucial issues with builders at the time of purchase and with the apartment owners' association.
B
angalore is the fifth most populous urban agglomeration and one of the fast growing cities in India. As per the 2001 census the population of Bangalore was 57.01 lakh which increased to 84.25 lakh in 2011 and soon will be one crore. Bangalore attracts people from all over the country with its good climate and job opportunities. Because of increase in land value, a majority of the migrants prefer to opt for apartments rather than independent houses. The concept of apartments is of recent origin in Bangalore and the first of the lot were constructed in Malleswaram, an extension known for bungalows with vast open spaces and gardens. Now, there are a whole lot of apartments in Bangalore and builders and developers are building more and more of them and using all kinds of tactics to sell them. A few builders promise heaven and deliver hell to the purchasers. Many buy flats without knowing the content of the sale agreement, sale deed and apartment maintenance rules. In a majority of the sale agreements and sale deeds a clause says the builder or promoter will form the apartment owners' association and till such time it is the responsibility of the builder or promoter to maintain the premises. A considerable amount is collected for the purpose from the purchasers. Either it is retained by the Twin Cities
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builder or the account of the same is not given to the purchasers or owners' association. For some builders/developers the huge deposit collected is a major source of income and hence they do not take the initiative to form the association. Good news Good news for the apartment/ flat purchasers is that the Central Government is bringing in the Real Estate (Regulation and Development) Bill, 2013, which aims to protect the interests of consumers, promote fair play in transactions and ensure timely execution of projects. It deals with transfer of property, registration and deeds and documents and contracts, through the Real Estate
Regulatory Authority and Real Estate Appellate Tribunal. The bill is expected to ensure greater accountability towards consumers and reduce frauds and delays. There are basically three Acts for registering an apartment owners' association: The Karnataka Apartment Ownership Act, 1972 The Karnataka Societies Registration Act, 1960 The Ownership Flats Act and Companies Act The Karnataka Apartment Ownership Act, 1972, exclusively deals with residential apartments. The law makes each apartment a transferable and
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BENGALURU REPORT
heritable property with separate Khata and specific undivided interest in land. The disadvantage in forming and association under this Act is that it is often difficult to gather all the owners of the apartment at a time for the registration of the association. In Bangalore, most of the associations are formed and registered under the Karnataka Societies Registration Act, 1960. The associations can be formed with minimum seven members who are not less than 18 years. The associations are basically formed under this Act for day-today maintenance. Under the Ownership Flats Act and Companies Act, a private company can be formed for the maintenance of a residential and commercial building. All the owners will be issued shares and rules govern the allotment and transfer of shares. This is not effective in Karnataka, because the cooperative societies may not have companies as its members. The big question before the general publicist: under the provisions of which Act should the apartment owners' association be registered and which is the authorized department to regulate it? As per the sale agreement and sale deed conditions, the builder is supposed to form the association or housing society within four months of sale of 60 per cent of flats. The association is then to be handed over to the owners' association. If the builder fails to form and register a society, the residents can form the association on their own. Formation of the association is a vital task and apartment owners or residents need to be aware of all the related laws and regulations. The onus lies on the residents to enroll themselves as members of the association or cooperative housing society to safeguard their rights and titles. As per the prevailing situation in Bangalore, the registered associations are mostly managed by a committee which consists of a President, Secretary and December 2013
Treasurer with three to four elected members as per the approved byelaws. It is the duty and responsibility of all the members/ residents to take active part in the general body meeting and pay maintenance charge as per the decision of the general body. The experience with a majority of the associations is that a majority of the members fail to attend the meetings and not take part in managing and cooperating with the association's activities. Maintenance charge There are different procedures or methods adopted by the association or society for collecting the monthly maintenance fee. Some of the important practices that are prevalent are the following: flat monthly fee; per square ft. rate; partial flat rate; and mixed approach. The method of calculating maintenance fee varies depending on the agreement or byelaw of association. So long as there is no dispute, any system acceptable to all the apartment owners can be implemented on the basis of agreement or consensus. The appropriate authority must make it known to the members that the decision of the general body is final and all the members pay accordingly, which will solve many conflicting issues. There are some issues like: 1) People purchasing two flats and combining it without approval from the association and appropriate authority and saying that they will pay for only one flat. Some members are not aware that no addition or alteration of existing flat in an apartment can be done without the consent of the society or association and also without the approval of the appropriate authorities. 2) Not paying maintenance charges in-time as per the resolution of the general body, which will affect the smooth running of the society. The association faces legal issues
when the builder constructs unauthorized floors and sells those flats. In such cases its effect on the undivided share of the property; whether the occupants/ purchasers of such flats should be made association members; whether the builder is required to obtain a NOC from the owners' association to get the construction regularized need to be considered. The draft rule earlier framed in the State insisted on a NOC from the association. It is not clear whether the new rule being framed has this provision or not. Hope the department concerned will retain this provision in the interest of the purchasers. Many members of the association are not aware of the following don'ts: · Don't change the horizontal or vertical existing dimensions of the structure. · Don't change the locations of bathroom/ kitchen sink, in a way that can cause leakage to residents below; · Don't replace or remove any structures like load bearing walls. · Don't merge fences by removal or opening any walls in between two or more tenancies. · Don't allow any unauthorized additions / alterations thereby loading the existing the structure. · Don't do any work which would jeopardize the safety of the building.
Provisions are made in the by-laws of the association for collecting the maintenance charges. In the event of default by any member, the association has the right to deny facilities to the defaulter. In States such as Maharashtra, Gujarat, and Delhi, the Apartment Ownership Act paves the way for smooth running of the associations. Why cannot Bangaloreans follow suit? If the issues related to apartments are not addressed on priority basis by the appropriate authorities, legal wrangles will continue. Twin Cities
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CMR
Metro rails to be laid on viaduct soon The first rails of the Hyderabad Metro Rail sourced from Tata Steel plant (France) will be laid on the viaduct between Nagole and Mettuguda or the stage one of the project, in a couple of days time. The project is on schedule and at the current pace, Metro Rail authorities are confident of meeting the March 2015 deadline to run the first train on this section. “We have spent Rs.3,000 crore till date and we have 500 days to go for meeting our schedule of running the maiden train. “Track welding and ballast works will begin soon. Work on the Nagole and Miyapur depots are progressing along with stations construction and piers,”
the middle of next year as assured by Hyundai-Rotem, he said. As part of the Transit Oriented Development (TOD), construction of commercial buildings would also begin at Punjagutta and Madhapur near the National Institute of Fashion Technology (NIFT). Recently 62 acres was taken on lease from HMT in Qutbullapur for a second pre-cast segments construction yard in addition to the existing one at Uppal for making the required number of 28,000.
said L&T Metro Rail Hyderabad (L&TMRH) Chief Executive & Managing Director V.B. Gadgil on Thursday. “We are on dot as per our commitment to give an Ugadi gift to the citizens. The 1,000 foundation pier was done recently near Sangeet junction and most of the work on stage one will be completed by December 2014,” Hyderabad Metro Rail (HMR) MD N.V.S. Reddy said. At a joint press conference, Mr. Gadgil said 12 km of viaduct was completed and power supply stations at three locations would be ready within a few months. The first full-fledged coach of the Metro Rail would also be ready for trial runs by
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SERVICES GUIDE INDEX 1) ARCHITECTS 2) AIR CONDITIONING 3) BORE WELL CONTRACTORS 4) BUILDERS 5) ELECTRICAL CONTRACTORS 6) ELEVATORS 7) FIRE PROTECTION 8) GENERATOR 9)HOTELS 10) HOUSING FINANCE 11) INTERIOR DESIGN 12) LANDSCAPE ARCHITECT 13) LAND SURVEYORS 14) MODEL MAKERS 15) PAINTING CONTRACTORS 16) PEST CONTROL 17) REAL ESTATE 18) SECURITY SYSTEMS 19) STRUCTURAL ENGINEERS 20) VASTHU 21) VENETIAN BLINDS / VERTICAL BLINDS 22) WIRE MESH 23)WATER PROOFIN
ARCHITECTS AJAY DESIGNS Architects & Interior Designers. H.No: #7-8, Sai Ram Complex, Above Andhra Bank, Dilsukhnagar, 'X’ Roads, Hyd-60. Tel: 9848293850. ajaydesigns@yahoo.com. GEET H.No: 441, 4thFloor, PVT Market, Dilsukhnagar, Hyd-36. Tel:32504492/ 9394700021. ganeshkotturi2000@yahoo.co.in. GRAFFITI DESIGNS (ARCHITECTURE / INTERIOR DESIGNERS & CONSTRUCTION CONTRACTORS).# 3-5-1101/1B2, 2nd Floor, Lane Off: YMCA Blood Bank, Narayanguda Hyderabad-29. Tel: 040-64590717/ 9246193717 / 9885455616. design.graffiti@gmail.com.
STONE HOUSE (Interior & Exterior Natural wall cladding stones, Pebbles, Parking tiles). H.No: #3-11-468,Beside Ford Showroom, Nagole Road, L.B.Nagar, Hyderabad-74. Tel:- 9989615555/ 9704581111. stonehouse.hyderabad@gmail.com. S.L.V. CONSULTANTS Architect, engineers & contractors. Office :- #13-241, 1st Floor, Near Corporation Bank, Beside Satya Sai Petrol Pump, NH-7, Main Road, Medchal, R. R. dist- 501401. Tel:- 9848220772/ 9290264610. TRKR INFRASTRUCTURES architects, engineers land surveys & contractors. # 4-92/2/A, S-3, 1st Floor, Opp:e-seva, Chandanagar, Hyd-50. Tel:-9291516445 / 9553114935. trkrinfrastructures@gmail.com. FINGER-6 The design people Architects & Interiors Designers. #301, Pavani Annexe, Road No - 2, Banjara Hills, Hyderabad-34. Tel:- 040-64578766 / 9246216330. finger6projects@gmail.com. URL: www.finger6.net.
AIR CONDITIONING COMFORT COOL SYSTEMS #1-1-379/82, SRT-125, First Floor, Jawahar nagar, RTC 'X' Roads, Hyderabad-20. Tel:- 27621555 /9885456672/ 71, ccs.suresh@yahoo.co.in. For Enquiry: ccs.daikin@gmail.com. NATIONAL COOL SYSTEM Multi branded Air-Conditioning Sales and Service Centre. Spl. In Window, Split, Multisplit, Tower, Cassette, Ducktable. #3-1-411, Near-Traffic P.S. Nimboli Adda, Kachiguda, Hyderabad-27. nationalcoolsystem@gmail.com URL: www.nationalcoolsystem.com.
BORE WELL CONTRACTORS Harsha Borewells Road No.6, Sai Baba Temple, Budha Nagar, Uppal, Hyderabad-39. Tel:- 040-67120358.
BUILDERS
SREE DHATHRI ASSOCIATES Flat No:202, Rock Home A pats., Rock Hills Colony, Road No.1, Nagole Main Road, L.B.Nagar, Hyd-68. Tel:9849170037/8885570031. laxmi1612@yahoo.com.
R M CONSTRUCTIONS Engineers & Contractors. #1-11-110/2, Shyamlal Building, Begumpet, Hyd-16. Tel: 9848026913. rmconstructions@gmail.com.
KUTEER INFRA Architects-Engineers-Interiors. Plot No. #7-1-34, 203,2nd Floor, Sridevi Mansion,Lane beside Divyashakthi Apartment,ShyamKaran Road, Ameerpet,Hyd-16. Tel: 65533122/ 9989499360. venugopal@kuteerinfra.com.URL: www.kuteerinfra.com.
SAMSKRUTI INFRA DEVELOPERS Development Plot-Yadagirigutta. Plot No:-130, Road No-1, 4thCross, Rocktown Colony, L.B.Nagar, Hyderabad-74. Tel:- 9985048344 / 9393571116. anjinallapati@gmail.com. URL: samskrutiinfradevelopers.com.
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SRI VENKATESWARA CONSTRUCTIONS Builders & Developers. Plot No:- 127, Shop No: 2, S.V.C. Arcade, Vasavi Colony,R. K. Puram, Hyd-35. Tel: 9246521705.
ELECTRICAL CONTRACTORS GLOBETEL TECHNOLOGIES (Suppliers of Maintenance free Chemical Earthing, ESE type Advanced Lightning Protection system, Surge Protection device) No.52, Bhavani Towers,1stFloor, Opp: Indian Gas Agency, Anand bagh 'X' Roads, Safilguda, Hyderabad-47. Tel: 27242381/ 984945157. globeteltechnologies@gmail.com. URL: globeteltechnologies.com.
ELEVATORS MAX Elevators Lift installation, Maintenance & Modification of all types lifts. We supply quality passenger goods, Dumb waiters, Hospital services elevators, Hydraulic & Auto Door Lifts. #7-1-307/17/48/B, Subash Nagar, SanathNagar, Hyderabad. maxindia2011@gmail.com. MEGHA POWER ELEVATORS We supply quality passenger goods, Hospital services elevators, Dumb waiters, Hydraulic & Auto Door Lifts. #2-1-50/82, Mahankali Nagar, Kukatpally, Hyd-75. Tel: 9059488385 / 9397338654. meghapowerelevator@gmail.com. OSCAN ELEVATORS Pvt. Ltd. Flat No. 402, Venkoti Buildings, Plot. 809, Sri Ayyappa Society, Madhapur, Hyd-82. Tel:- 23119910 / 90 / 9949966669. rajuagk@oscanelevators.com. Info@oscanelevators.com. URL: oscanelevators.com. Our Branch Offices: A.P., Bangalore, Chennai, Mumbai. SG ELEVATOR'S Passenger Lifts, Hospital Lifts, Goods Lifts. #38-15/22/2, Road No.6, Shivasai Nagar, Vayupuri, Sainikpuri, Secunderabad-94. Tel: +91 40 40164354 / 9177773990. saiganeshelevators@gmail.com. S V M LIFTS Regd: 2007. Plot No. 20, Bhagya Nagar Colony, Near: M S Function Hall, Hydershakote, Golconda Post, Hyd-08. Tel: 9885744667 / 9000344066. svmlifts@gmail.com. URL: www.svmlifts.com. WORLD-TECH ELEVATORS All Types Lifts sales, Service & Maintenance & Installation. #8-4-380/1/20/A, Prem Nagar, Erragadda, Hyd-18. Tel: 9391103204 / 7569301815. worldtechelevators@yahoo.com.
FIRE PROTECTION Diamond Steel & Engg.co #5-5-79/G-7, Ground Floor, Sri Srinivasa Commercial Complex, Ranigunj, Sec’bad-03. Tel:- 040-66385277. dsec63@rediffmail.com / dsec@in.com. Twin Cities
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East Zone fails to keep up with growth Getting formally fused with the rest of the city does not seem to have reaped benefits for the innumerable colonies that are part of the East Zone, which comprises Gaddiannaram and L.B. Nagar municipalities of the Greater Hyderabad Municipal Corporation (GHMC). Many residents are not able to notice any change in the civic infrastructure, barring the Metro Rail line and the Outer Ring Road, both of which are under construction for some time now. C
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GENERATOR MARCO POWER 511 Sri nilaya Estate, #8-3-945, Ameerpet, Hyderabad-500073. Tel: 666223941, 9391018487. marcopower1@ymail.com. URL:- www.hyderabadmarcopower.com. INTER POWER GENTECH Authorised Dealers for Cummins, Kirloskar Generators. No.52, Bhavani Towers,1stFloor, Opp: Indane Gas Agency, Anand bagh ‘X’ Road, Safilguda, Hyderabad- 47. Tel:+91 40 27243160 /9848024758. info@interpowergenetech.com. URL: www.interpowergentech.com. S.V.R. CRANE SERVICES Mobile & Telescopics, Latic Boom, Crawler on Hire 12 tones to 200 tones. Plot No:3A, Block 26, Double Road end, Auto Nagar, Hyderabad-70. Tel: 9949273555 / 9391015105. svrcranes@gmail.com.
HOTELS Beccun Restaurant& Resorts Opp: Old MLA Quarters, Hyderguda, Hyderabad -29. Tel: 9494541600 / 9866430107.
HOUSING FINANCE Aquarius Financial Services 301, Navaratna Encl, Nallakunta, Hyd- 44. Tel:- 65547760.
INTERIOR DESIGN ART INTERIORS Interior Studio / Designing planning / Constructions & Developers. #506, 5thFloor, Navketan Complex, Above ICICI Bank Building, Near Clock Tower, Secunderabad-03. Tel:66380000, 9963211163. Indira.pn@gmail.com. B. R. INTERIORS & DEVELOPERS H.No: #2-2-644/f, CE-Colony, Near Ayyappa Temple, Bagh Amberpet, Hyd-13. Tel:-040 - 27400629, 9866611616. LN INTERIORS Interiors-C.N.C wood carving-False ceiling. Shop: # 211, 212, 213, Kalichambers, Opp: Mythri Nagar Kaman, Madeenaguda, Miyapur, Hyderabad-50. Tel:- 040-23041166 / 9246360243. lninteriors.hyd@gmail.com. URL: www.lnintriorsgroup.com. DESIGNROSE Destination Design. Interior Designers, Consultants & Turnkey Projects For Corporates, Residences, all Interior Works & Civil Construction. #70, G-IV, Excel Apts, Seshachala Co-op-Society, West Marredipally, Secunderabad-26. Tel:65504151/9246174151.designrose@hotmail.com jude@designrose.com, www.designrose.com. LAXMI INTERIOR H.No:-11-7/101, Plot No. C51, Huda Colony, Saroornagar, Hyderabad-35. Tel:- 9885619444. laxmiinteriors.tanneru@gmail.com. Twin Cities
“Another noticeable change is in the property tax bills. I used to pay Rs. 700 for my house then, and I am paying about Rs. 6,000 now, albeit with another floor added in the meantime,” says Madan Mohan, a graphic artist staying at Brindavan Colony in Saroornagar. Even as water and sewerage connections were granted and laid well before the GHMC was formed, he, however, has not seen even one infrastructural addition to the locality since, except that the roads are being repaired occasionally.
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Colonies in these areas, most of them housing middle and upper middle class families, face a wide variety of problems right from uncleared garbage to lack of parking facilities. During the later part of the nineties, the areas beyond Dilsukhnagar abutting the National Highway witnessed proliferation of residential localities thanks to the buoyant economy and real estate boom. However, civic amenities did not improve, and before the administration was out of its slumber, there stood lakhs of residents demanding better facilities. “Garbage clearance from streets is in
LANDSCAPE ARCHITECT EFGH ASSOCIATES SAVE NATURE Landscaping / Water Creations/ interiors #45/c, 1stFloor, M.L.A's Road No:-12, Banjara Hills, Hyderabad-34. Tel: 040-64578699 / 9966178699, polojuvenkat@efghassociates.com, URL: www.efghassociates.com.
LAND SURVEYORS LANDMARK Surveyors & Engineers. #2-42/1. Flat No.201, 2nd Floor, CETS Apartment Behind Petrol Bunk, Beside ICICI Bank, Chaitanyapuri, Dilsukh Nagar, Hyderabad-60. Tel:- 24053499 / 9000955900. landmark_surveyors@yahoo.co.in, URL: www.landmarksurveyorshyd.com. GALAXY GEOMATICS PVT LTD A Complete Surveying Solution. Indian H.O: 3rd Floor, Above Canarabank, Vijayanagar Colony, Hyderabad-57. Tel:- 65555528 / 9391085830. layeeq@galaxygeomatics.com. Branch Off: New Delhi, Dubai, Abudhabi.
MODEL MAKERS Hi Tech Models #8-2-293 A22, Indira Nagar, Main Road, Hyderabad. Tel:- 09849034657 / 27627405.
PAINTING CONTRACTORS Mayuri Painting Work #3-3-591, Chappal Bazar, Kachiguda, Hyd. Tel:- 9160039907.
PEST CONTROL REDDORKINS PEST CONTROL Expertised Treatment for Termites, Cockroaches, Woodborers, Bedbugs, Rodents, Rats, Honeybees, Ants, House Fly's, Lizards, Spiders. #6-5-286/1A, 1st Floor, C.C. Nagar, New Bhoiguda, Secunderbad-80. Tel: 9989956152 / 9885076578. info@reddorkinspestcontrol.com, URL: www.reddorkinspestcontrol.in.
REAL ESTATE CORPORATE REAL ESTATE Plot No: 2, Sunrise Homes, Beside Shanti bagh Apts.,Opp:CountryClub,Begumpet,Hyd-03.Tel:9866270258 / 9949692200. corporealestate@gmail.com, URL: www.corporateinfra.com. NEW SUPER PROPERTY DEALERS Consultant in: Flats, Plots, Independent Houses, Bunglow & Farm Lands, Purchase & Sales.(GHMC Work also under-taken). S.No. #8-1-523/271/6, Sabi Complex, Opp: SBI Bank, Brindavan Colony, Toli Chowki, Hyderabad-08. Tel:- 9246377100,9390009816, 9032317552. SHREE SAI SUJATHA FARMS & DEVELOPERS (an unit of tvnr group). H.No: #2-4-663/4 to 7, Prashanthi Nilayam, 1st Floor, Main road, No.2, New Nagole Colony, Hyd-35. Tel:- 64564365, 9246825365. URL: www.tvnrgroup.com.
OM SREE PRUTHVI DEVELOPERSS P. No:- 86, F.No:- 2, 3rd Floor, Kamala Nivas, Near Astalaxmi Temple, Vasavi Colony, Kothapet, Hyd-35. Tel:- 31920768, 9393920768, 9394585615. Venture in Kadthal, Srisialam Highway, Near Rajeev Gandhi Int Airport. SIRI ASSOCIATES PROPERTY CONSULTANTS Deals in Commercial / Residential Plots / Flats / Independent Houses, Rental Income properties & Agricultural lands, Plot No:10, Mallani Enclave, Tirumalgherry Lane, Opp: Football Ground Beside: GV Nivas Apt, Secunderabad-15. Tel:- 65177725 / 9885516833, Fax:040-40149929. info@siriassociates.co.in, URL: www.siriassociates.co.in. SRI BHARGAVI AVENUES INDIA PVT. LTD. H.No: #3-11-132, 1st Floor, Opp: Big Bazar, RTC Colony, L.B.Nagar, Hyderabad. Tel:9247769833.
SECURITY SYSTEMS CRM ENTERPRISES Pvt. Ltd. Channel partner for GUNNEBO. Safe Locker (Domestic & Corporate)-Fire ExtinguisherCCTV-Office Furniture. #3-6-690, Flat-203, D.V. Arcade, Street No.10, Himayatnagar, Hyd-29.Branches: Vizag, Vijayawada, Nellor, Warangal. Tel:- 66660069 / 9848170069. chakravarthi@crmsteelage.com. ION Technology Dealers for CCTV, Access control System, Fire Alarm System, Intrusion Alarm System, Vehicle Tracking system. #64/2RT, Prakash Nagar, Begumpet, Hyderabad-16. Tel:+91 40-40202628 / 9949436096. vamsi@iontechnology.in, URL: www.iontechnology.in. KNIGHT TECHNOLOGIES #P.NO.11, 1st Floor, Public Sector Colony, New Bowen pally, Secunerabad-11. Tel:- 32992160 / 9948679045. info@knighttechnologies.in, URL: www.knighttechnologies.in. S.S. ELECTRONICS & SYSTEMS #5-19,Nagaram Main Road, Near ECIL ‘X’ Road, Hyd-83. Tel:-32211616/8978441616. infosales@shivsaiindia.com,vanam1616@rediffmail.com URL: www.shivasaiindia.com. TECHNO I CCTV-Access control System- Fire Alarm System. 'A' Block, 1stFloor, 108, Suryalok Complex Abids, Hyd-01. Tel:-23230236 / 9700961170. rafi@technoisystems.com.URL:www.technoisystems.com.
STRUCTURAL ENGINEERS RAY ASSOCIATES Structural Engineers Interior Designers & Surveyors. #1-397/109/2, Plot No. 43/A, S.R.Nagar, Hyd-38. Tel:- 23810311 /9849928278. rayer.99@gmail.com / ray_vc@yahoo.com. B.E. REDDY & ASSOCIATES Structural / Civil / Chartered Engineers, Town Planners Architectural Consultants & regd,Valuers & Survey & Loss Assessors. Approved Valuer For SBI, Canara Bank. Opp:105. 1stFloor, YMCA Complex, SP.Road, Sec’bad-03. Tel: 27800008, 9848441307.
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a shambles, especially in rundown localities. The blue bins are always overflowing with garbage, with a dozen dogs at each bin scrambling for bites. This inevitably gives rise to health and sanitation issues,” says G.V. Prasad, a resident of New Maruthi Nagar near Kothapet. “We have sewerage lines even before the GHMC came into existence. But, with the increase in the number of houses, the width of the existing pipeline is proving insufficient, and, as a result, the drainage lines choke frequently. We have been requesting for pipelines with increased width for a long time, but no heed,” says Mr. Mohan.
Similar is the complaint from M.N. Reddy from Hastinapuram South, who says sewage overflow is a common problem in the locality. “Drainage overflow is frequent, as the existing pipelines are not sufficient to handle increasing loads. Unattended for a long time, it leads to rampant breeding of mosquitoes. Any number of petitions to the authorities bears no fruit. I have been paying about Rs. 10,000 as property tax every year, but I am hardly satisfied with the kind of services being offered,” Mr. Reddy says. Lack of greenery is another issue that remains unaddressed. Though plots have been left vacant occasionally for colony
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SRI SAI VASTHU CONSULTANCY #3-2-4, Kingsway, R.P. Road, Sec’bad-03. Tel: 9885446501/ 9885449458.danthurivaastu@rediffmail.com.
FAMOUS WIRE NETTING WORKS Mfrs of: G.I.Chain Link Fencing, G.I & M.S.Welded Mesh, G.I., Barbed Wire, Perforated Sheet tec. Sale Depot:11-166, Jamia Masjid Main Road, Fathenagar, Hyderabad-500018. Company add: #7-2-5/D/2, Beside: Dena Bank, Sanathnagar Industrial Estate, Tel:- 040- 66493539 / 9885227020. famouswirenettingworks@yahoo.in.
VENETIAN BLINDS / VERTICAL BLINDS Drapes N More #4-1-969/1/2, 1st Floor, Shankarlal Building, Abids, Hyderabad-01, Tel:-09848022900.
parks, they are most often in ramshackle condition owing to absence of strong colony welfare associations. The GHMC, in its turn, leaves it to the welfare associations to maintain a park. The condition of internal roads leaves a lot to be desired, and parking is literally non-existent in multi-storeyed commercial complexes, too. All the vehicles are parked on the roadside, leading to traffic chaos during peak hours.
WATER PROOFING SAMA BUILDING SERVICES Water Proofing & Epoxy applications. #6-1-1201, 2nd Floor, F-1, Opp:- Shiva nanda Ashram, Padmaraonagar, Secunderabad-500025. Branch office at VIZAG Tel:- 040- 64611759/ 9440031057. samabuildingservices@yahoo.in.
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REAL ESTATE BULLETIN CONSTRUCTION INFORMATION EVERY MONTH Subscription: (Including Packaging & Postage) For one year Rs. 600/- (12 Monthly issues of Rs. 60/- each. Postage & Packaging Rs. 180/- Total worth Rs. 900/-) “ Yes, I am interested. I accept the invitation offer. ” I am arranging by Cheques / DD / MO favouring “ A.Z. Amstar Media Pvt. Ltd. ” Hyderabad.
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