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EDITORIAL
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Great events are ahead S. TARUJ EDITOR – IN – CHIEF
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The city of pearls has seen many scintillating events in the past, but the metropolis is bracing up for the most sort-out and spectacular event HRS 2012, for which the count down has begun. The REB team will keep no stone unturned, to make this survey extravaganza come out with all its vivid colours. This event will put forward the best players of realty into lime light. We are organizing Hyderabad's biggest property Exhibition at HITEX, spanning over three days, scheduled in the month of April, which will showcase a plethora of Builders & Developers with their exotic and elegant projects. This expo will bring the largest consortium of Realtors under one roof. It will be a one stop venue for all the serious property buyers to interact with all the exhibitors in pursuit of a lucrative deal. A host of foreign delegates, who are from various internationally reputed organizations, would be visiting the expo in order to get a deep insight of the realty industry in Hyderabad. We are promoting a unique concept, Realty Talks @ Coffee Table that would create a new window of opportunity for builders and developers to showcase all their latest ventures and projects. These coffee tables shall be arranged at the work premises of reputed MNCs, PSUs, Social clubs and large corporations of Hyderabad. This event will also be very beneficial for the employees, as they are very time constraint and would prefer to buy a property of their choice, at their work premises. To invite more nominations for HRS 2012, we have extended the last th date to 28 Feb 2013 and again provided the nomination form in this edition. In the coming issue of our magazine we will incorporate a detailed questionnaire form for an impeccable assessment of your views, which will further enhance the ground realities and help the honourable jury to take an immaculate decision. It is our arduous desire to put you in the center stage of the survey process, as we believe that the end-users have the last say.
S.Taruj
Editor-in Chief
All care and due diligence have been carried out with regard to authenticity of information and correctness of language and if any information or language does not appear to be correct, it may be construed as a human error by the pure sight of overlook and not intentional. The opinions expressed in various article do not necessarily reflect the views or policy of the Publishers or the Editor and individual authors and contributors are responsible for their views. Writers, Columnists and Critics, Professional or amateur may sent their write-ups suitable for Publication. The Editor reserves the right to publish or reject it altogether without assigning any reason whatsoever. Moreover the publisher does not assume responsibility for unsolicited manuscripts.
CONTENTS February-2013
Volume-XXI
Issue-7
AFFORDABLE HOUSES FOR ALL
COVER STORY
09
REPORT CARD OF PROPERTY SHOWS
REPORT CARD
14
SCIENCE OF VAASTU
BELIEFS
16
CARE REAL ESTATE RATING
RATINGS
17
WAYS TO GO GREEN
ENVIRONMENT
19
HRS 2012
AWARDS
21
HOT SPOT IN HYDERABAD REALTY
FOCUS
23
NEWS
NEWS
24
REB PROPERTY SHOW 2013
BROCHURE
28
HOME LOANS GOT ATTRACTIVE
FINANCE & LOAN
33
EVER EXPANDING BENGALURU
BENGALURU REPORT
34
THE CHANGING SKIES OF VIZAG
VIZAG REPORT
35
REAL ESTATE REGULATION BILL (REGULATION & DEVELOPMENT)
LEGISLATION
36
REGULARS NEW CONSTRUCTION PROJECTS
39
LAND RATES
43
CURRENT MARKET RATES
46
SERVICE GUIDE
47
PRODUCTS GUIDE
54
BREAKING THE REGULAR PURCHASE PATTERNS
BUILDING MATERIALS PURCHASE SIMPLIFIED
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COVER STORY
Affordable houses for all House Shortages The 12the Plan working group on financing urban infrastructure estimates the housing shortage in the country at nearly 29 million units. Most worrisome is that about 26 million units pertain to EWS (household average monthly income up to Rs 5,0007,000) is three million. An inadequate supply of affordable housing is a key reason why at least half the residents in larger metros live in slums or other informal accommodation.
T
here is one agenda, to provide affordable housing to all, on top priority before the real estate sector today. However, challenges within the sector are limiting the efforts of private developers to provide housing for Economically Weaker Sections (EWS). The challenges that the real estate industry is facing include high land cost, lesser floor space index (FSI), poor infrastructure, no incentives from government (like loan subsidy), no benefits no customs, excise duties, huge escalation in cost of construction, and pre-fabricated houses not being an acceptable formula. From the 1990s, enabled by the growth of the housing finance industry, the government increasingly sought to incentivize the private sector to build LIG housing stock using floor space index (FSI), tax exemptions and other tools. While this approach reduced government's outlay, the emphasis on ownership remained. Greater availability of finance benefited
construction companies and aspiring MIG and HIG homeowners. What is affordable house? Mr Sunil Mantri, Chairman and managing Director of Mantri Developers says, “Affordable housing is where a person can avail loan, 6 times his annual income; cost of housing unit ranges from Rs 3 lakh to Rs 50 lakh, there should be no compromise on quality of houses, housing for the masses; provisioning of socio-economic infrastructure. However, the criteria differ in Tier III v/s metropolitan cities in definition. There should be a separate housing scheme for the poor to meet their basic needs, facility like the JNNURM houses; the concerned government or local bodies should take up slum development and rehabilitation, take up repairs and redevelopment of old and dilapidated buildings specially in urban areas where most of the residential buildings are over 100 years old. Housing boards, DDA and private developers provide houses in this category.
As per 2011 census, the country had a population of 1,210.98 million, out of which, 377.10 million (31.76%) lived in urban areas. During 2001-2011, the urban population of India grew at a CAGR of 2.8%, resulting in the increase in level of urbanization from 27.81 per cent to 31.16 per cent. This growing concentration of people in urban areas has led to problems of land shortage, housing shortfall and congested transit and has led to problems of land shortage, housing shortfall and congested transit and also severely stressed the existing basic amenities such as water, power and open spaces of the towns and cities. According to the 2011 census, the housing stock in urban India stood at 78.48 million for 78.86 million urban households. Though the gap between household and housing stock is narrowing, actual shortage is high due to a certain part of the current stock being dilapidated and people living in congested dwellings. Urbanization has resulted in people increasingly living in slums and squatter settlements and has deteriorated the
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 09
COVER STORY housing conditions of the economically weaker sections of the society. This is primarily due to the skyrocketing prices of land and real estate in urban areas that have forced the poor and the economically weaker sections of the society to occupy the marginal lands typified by poor housing stock, congestion and obsolescence.
Housing Shortage in Urban India Considering these factors, there currently exists a wide gap between the demand and supply of housing (both in terms of quantity and quality) in urban India. According to e s t i m a te s o f t h e Te c h n i c a l G ro u p
and lower income groups that are grossly neglected, and there exists a huge dearth in the supply of affordable houses primarily demanded by this income group in India.
Major constraints There are several constraints in India for constructing affordable homes for EWS of LIG people of the society. Main constraints are: Land factor very expensive; Lesser FSI (against 10 to 20 globally); Infra practically Non-existent (road/connectivity; No
constituted by the Ministry of Housing and Urban Poverty Alleviation (MHUPA), the urban housing shortage in the country at the th end of the 10 Five-Year Plan was estimated to be 24.71 million for 66.30 million households. The group further estimated that 88 per cent of this Shortage pertains to houses for Economically Weaker Sections (EWS) and another 11 per cent for Lower Income Groups (LIG). For Middle- and High-Income Groups (MIG and HIG), the estimated Shortage is only 0.04 million. During the th 11 Five-Year Plan, the group estimated that the total housing requirement in India cities (including backlog) by end-2012 will be to the tune of 26.53 million dwelling units for 75.01 million households. If the current increase in backlog of housing is maintained, a minimum Of 30 million additional houses will be required by 2020. In India, private developers primarily target luxury, high-end and upper-mid housing segment, since it fetches a premium over low income housing. This leads to a sustained supply for this segment, increasing market competitiveness for developers. On the other hand, the housing for the poor and EWS is primarily provided by the government for welfare purposes. However, it is insufficient compared to the existing shortage in the segment . Thus, it is the housing requirements of the lower middle-income
Issues in the Development of Affordable Housing Developing affordable housing in Indian cities faces significant challenges due to several economic, regulatory and urban issues. Whilst the lack of availability or urban land, rising threshold costs of construction and regulatory issues are supply-side constraint, which impacts the ability of low-income groups to buy housing in the organized sector. Whilst some of these are gradually being mitigated, concerted efforts are required by multiple institutions to facilitate mass development in this sector. With high population density, which is growing due to rapid urbanization,there exists a huge demand for land in urban India. The real shortage has been further exacerbated artificially by poorly conceived central, state and municipal regulations. As a result, land prices in India are much higher than intrinsic levels that can support mass real estate developments.
Lack of Marketable Land Parcels
benefits to Customs/ Excise/ Taxes; Total 40% taxes levied on Affordable Housing segment; No incentive from the government to give land to de3velopers on priority (only houses is priority). Problems of retail loan to individual customers (since no income proof); huge escalation in cost of construction from time to time making it unviable/ no margins; Speedy construction a big issue; Pre-fabricated houses/ houses in 15 days not a very acceptable formula.
10 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
Government authorities or stateowned entities such as railways and ports own large tracts of urban land, which are non-marketable, and these results in their inefficient use, which is Incompatible with its real market value. Most of these land parcels are located in central areas, as they have been inherited colonially, and they have high value for compatible uses today. These areas also provide for proliferation of slums and squatter settlements, as authorities are often incapable of monitoring their own holdings regularly.
Main fiscal issues Stamp duty and registration, tax relief, property tax, group guarantee scheme, home loan interest @ 4 per cent to 5 per
COVER STORY cent p.a and developers loan @ 8 per cent p.a., reverse mortgage, fostering the market (REIT / SAVINGS / INSURANCE Cos' NHB) are some of the fiscal issues for which the respective state governments should work on it.
construction costs have significantly increased by nearly 80 100 per cent due to the appreciation in prices of construction materials such as steel, cement and sand. Shortage of labour has also resulted in a rapid increase in wages.
Rising Costs of Construction
Lack of Access to Home Finance for Low Income Groups
Whilst price of premium residential projects are largely guided by land costs, construction costs have a significant share in the price of affordable housing. This is due to the fact that whilst land prices fall exponentially from city centre to peripheral locations of the city, construction costs generally follow a gradual trend from premium luxury, mid-income to low-income housing. If land is acquired at a reasonable
Despite having an extensive network of financial institutions, banks and apex housing cooperative societies, low-income groups lack access to home finance. National Housing Bank, a fully owned subsidiary of the Reserve Bank of India, was set up primarily to accelerate housing finance activity in India and promote the Housing Finance Companies (HFCs) by
amendment to Section 35AD for extending investment-based deduction of 150 per cent of capital expenditure in affordable housing, exempting service tax on low-cost housing of less than 60 sq meters, setting up mortgage risk guarantee trust fund to cover risk of bankers for lending to low-income borrowers and 1 per cent interest subvention on housing loans up to Rs 15 lakh for house costing up to Rs 25 lakh. The government must promote redevelopment of old buildings within cities or provide world-class infrastructure in suburban locations where people can reside and still commute to cities for work with ease. It can decongest large cities by developing large land parcels located outside them. Business models need to be followed along with the help of market forces rather than just talking about problems and suggestions, said Susheel Kumar, Joint Secretary (Housing), Ministry of HUPA, Government of India. “Market forces would mean some efforts from the builders in providing affordable housing, efforts from the banks in providing access to credit for the pooper sections as half of those 27 million have the ability to pay off loans and the rest need to bank on the rental housing only�.
Cost of Rs 150-250 per sq ft, and affordable housing project with basic amenities (construction cost of Rs 800 1,000 per sq ft) would result in a minimum selling price of Rs 1,400-1,700 per sq ft. Thus, construction costs form nearly 50-60 per cent of the total selling price for affordable housing. On the other hand, luxury housing projects in south Mumbai have construction costs of nearly Rs 4,000 5,000 per sq ft, which is nearly 18 20 per cent of the selling price of Rs 20,000 25,000 per sq ft. Affordable housing projects get more affected by rising costs of construction than premium projects. Hence, it becomes important that costs are minimized for construction of low-income housing whilst balancing the amenities provided as well as ensuring the safety and serviceability of the built structure during its lifecycle. During the past decade,
Providing them with financial support. It acts as the apex institution and regulator of the housing finance industry.
Government's Vision The Central and state governments must come out with a policy to provide good incentives to developers to increase the supply of affordable houses, and reserving 25 per cent to 50 per cent area for affordable housing segment in every tender for land allotment. It was noted that on its part, the Ministry of Housing Urban Poverty Alleviation, Government of India, has announced affordable housing in partnership schemes and introduced fiscal incentives in the Union Budget 2012-2013. These include
The Haryana government has formulated a policy to provide affordable houses to families living Below Poverty Line (BPL). Under the policy, 50 per cent plots of Economically Weaker Sections (EWS) belonging to the private developers would be transferred to the Housing Board at a subsidized rate of Rs 500 per square yard for construction of flats for BPL families. The state government has completed the construction work of 6,442 houses of various categories from March 2005 to March 2012 at a cost of Rs 403. The Haryana Housing Board has identified various cities and towns belong to Urban Local bodies department. Akruti, HDIL, Unitech, Hiranandani, Sahara Group, and large number of private developers have successfully implemented the PPP model in slum redevelopment. In fact, this model has managed to boost Akruti to a high level of national recognition, though the company has no significant land holdings in Mumbai. The PPP platform is currently a very workable one through which slum rehabilitation proposals can be implemented, though the possibility that an
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 11
COVER STORY even more progressive model will evolve cannot be discounted.
Getting Clearance is most difficult Before taking up any housing project, there are between 40 and 60 regulatory authorities, headed by over 150 personnel,
Reasons for not constructing affordable houses by Builders High cost of land and stringent acquisition process, narrow margins compared to high end housing, delay in clearance of project (in some cases 2 to 5 years), delay in commencement results in high interest costs, difficulties in loan availability for
Business models need to be followed to Provide affordable housing for one and all. The government must reserve 25-50 per cent Area for affordable housing segment in Every tender for land allotment. This agenda Could work wonders in limiting the Challenges in the way of the real estate sector. to get clearance of the project and by completing all the formalities, around 1-1 and ½ year to 2 years is wasted, which result in price escalation of land or housing units. The main nodal agencies are DTCP, HUDA, Municipal Corporation, Revenue Department, Civil Aviations, PCB of StateCentral MOEFF, Ministry of Explosives, Chief Fire Officer, Electricity Department, EE Building proposals, Water and Seepage Department, Forest Department, and Coastal Zone Authority. To reduce the time frame of clearance of land from all formalities, I suggest that two months should be approved by licensed architect and land use. Airport Authority of India should earmark 'funnel' and rest of the areas NOCs to be followed for each and every proposal by local authority. No NOC is required if property falls in “R” zone of the master plan and central government should issue standard guidelines for NOC to be followed for each and every proposal by local authority. Excavation at the site is not mining. Whatever amount is required on account of mining may be charged in the Building Permission fees and diverted to the concerned department. Sometimes the fire department objects to many things. A proper procedure is to be drawn and if possible same authority to be kept with the building Permission plan. There should be set provision for providing water, electricity, and seepage connection.
MIG/ LIG of society, heavy taxes in construction costs such as 5 per cent development agreement stamp duty, flat p u rc h a s e s t a m p d u t y 5 p e r c e n t , Registration and VAT 1 per cent each, Service Tax 2.6 per cent, Excise and Custom 10 to 16 per cent (varies from state to state);
Double costs, no incentive from Government Viz. FSI, concessions in premiums, fast approvals of loans, and above all delay in the sanction process by various regulatory authorities and completing the NOC process from 18 to 60 departments which are completed 6 to 24 months in normal procedure.
12 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
Solutions for affordable housing External Commercial Borrowing for Affordable Housing: Under the Union Budget 2012-13, external Commercial Borrowing (ECB) has been allowed for affordable and low-cost housing. This has been done to ensure a lower cost of borrowing for the segment. Under norms, ECB may have to be routed through the National Housing Bank (NHB), which could act as a centralized mechanism to help small developers avail the facility. The government would also allow developers to raise such debt only for projects where a significant portion of units (75-90%) are reserved for the LIG and EWS. There are several solutions to come out from major constraints. The Central or state government should provide land for the affordable housing to be completely subsidised or available to the developer on very nominal cost and sale of government land should be earmarked - 25 per cent area for affordable housing will help create huge number of housing. The government should waive of taxes, stamp duty, customs, premiums, charges, EDC, IDC for affordable housing and allot land to developers under priority sector who builds affordable housing and create huge land supply for infra (access/connectivity) which will open up new areas for affordable housing beside
Higher FSI up to 5 for affordable housing (to reduce land cost).
Suggestions to the government The central and state governments should come out with mass housing projects plan. Secondly, the government should adopt
COVER STORY single window clearance system for obtaining the NOC instead of visiting one Window to another and one city to another city for the purpose. It is just wasting the time and money and is the main cause for project delay. Standard building norms to be followed like standard sized rooms, specifications, buildings etc. There should be Good connectivity to Suburbs/city extensions for Affordable housing, there should be Private-PublicParticipation (PPP) model, Government should create Special Residential zone, site production be preferred like blocks, windows, doors and other building material and for all these, the government must Act as a “facilitator� and Enabler.
and incentivised to enable a billion of the world's population to participate in the housing market as full economic citizens. Despite rise in property prices in the last couple of years, it is now easier for the middle to upper middle -class people to buy a house in the country. According to HDFC Ltd, the largest home loan lender in the country, the Average Price
To sum up
average
In the coming decade, the Affordable housing market could grow to more than a trillion U.S. dollars if families simply double the current level of annual consumption of housing products and services. This is a conservative estimate based on the current gap between need and supply, and the Increasing migrations to cities' urban slums. In the process of unleashing this significant market opportunity, hundreds of millions of people would have access to dignified homes, healthier places to raise their families, and more valuable assets that they could leverage to transform and improve their lives. Unfortunately, we will not accomplish this unless we stop thinking one business deal, one company, one client at a time. We need to build a new affordable housing ecosystem, one with the capacity to continue to ramp up the processes and systemic changes neede4d for the housing industry to offer appropriate products for low-income populations, for enough financing to become available, and for the right standards and quality to be in place
years, to 4.5, 4.7 and 4.8 year during 2009, 2010, and 2011, respectively. In 1995, the affordability factor was 22. That means, in 1995, one required 22 years' income to buy a house. But after that, while average property prices fell sharply, the income of the middle class rose. This brought down the number of years' income one required to buy a house. The average income between 1998 and 2002 doubled from Rs 1.2 lakh to Rs 2.45 lakh. But the property prices fell sharply to less than half the value in 1995, from Rs 26 lakh to Rs 12 lakh, in 2002. This improved the affordability factor sharply from 22 to 5.1. That means, while in 1995 an average middle-income group family required 22 years' income to buy a house, in 2002 they required only 5.1 years' i9ncome to buy their dream house. After that, as India rode the higher economic growth of above 8 per cent, the prices of real estate appreciated very sharply. But, at the same time the average income of middle class also rose handsomely. Because of this, the number of years' income required to buy a house remained almost the same around five years. In 2004, it was lowest at 4.3 years.
of a house in metro cities remained less than the five years' income of an middle-class family.
According to a study conducted by the housing finance company, the affordability factor, which denotes the number of years' income of a family required to buy a house, has fallen from over five years in 2007 and 2008, at 5.1
Despite rise in property prices in the last Couple of years, it is now easier for the Middle to upper middle-class people to buy A house in the country. According to HDFC Ltd, the largest home loan lender in the country, the average price of a house in metro cities remained less than the five years' income of an average middle-class family. Jan 2013 I Twin Cities REAL ESTATE BULLETIN I 13
REPORT CARD
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ecently LIC Housing Finance Company organized a property show at HITEX, Madhapur which is considered as the heart of th th Hitech city, Hyderabad on 5 & 6 January 2013.The exhibition was made open to public after a brief opening speech given by the chief guest Mr.V.K.sharma who is the CEO of LIC Housing Finance company and many honorary dignitaries like Regional Manager and Dy. Regional Manager, who were also present. All the reputed builders and Developer showcased there latest projects and ventures and allured the visitors, who strolled the venue with great ease. The venue HITEX was very prudently selected by LIC as it is in the crux of IT corridor of the city. Most of the elite IT MNC's are located in that area, also many Pharmaceutical and IT logistic corporates have offices there. The most sort out potential home buyer's generally have offices in and around that area and therefore they find the venue HITEX very convenient to visit. Also the venue is in vicinity to many commercial places like Miyapur, Kukatpally, Jubilee hills and Gachibowli. The company, LIC Housing Finance, is considered as one of the best finance companies whenever we think about Housing Finance companies, the first name that comes to our mind is providing best in the class services and products keeping in mind the customer requirements at a very reasonable rate in India. LIC Housing Finance has wide coverage across India and has a representative office also in Dubai. LIC Housing Finance has more than 115 offices in India. There were almost 28 reputed builders and developers who 14 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
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showcased there projects and ventures in this property show. A comprehensive participants list is given below. ALIENS GROUP, THEME AMBIENCE CONTRUCTIONS PVT. LTD., RAJPUSHPA PROPERTIES, MADHU INFRASTUCTURE PVT. LTD., VERTEX HOMES, NCC URBAN INFRASTRUCTURE LTD., MAGNA INFRATECH INDIA PVT. LTD., SAFE WAY INFRAMANJEERA PROJECTS, MANJEERA RETAIL HOLDINGS PVT.LTD., CECON BUILDERSSRI, LAXMI BUILDERS, S & S GREEN PROJECTS PVT. LTD., APARNA CONSTRUCTIONS, PATELREALTY, PARNEETH GROUP, LEGEND ESTATES PVT. LTD., SRI SRI GRUH NIRMAN INDIA PVT. LTD., VISHAL PROJECTS LTD., FORTUNE INFRA DEVELOPERS PVT. LTD. The response to this property show was overwhelming as the organizers advertized the event well in advance in various media. The people were well informed about this property show as the footfalls to this event were very good. On the first day soon after the inauguration visitors started to pour in and strolled the exhibited stalls. Spot offers were given by many prospective developers to facilitate instant bookings of flats in particular. The documentation required for spot offers were very minimum, so that every prospective visitors could bring along with them. There were surprise gifts given at every hour to attract the visitors, this was a
good marketing gimmick which paid off well to the organizers. There were also special gifts which were given in many categories. SUNSIT DRAW where Mr. N. Prasad received a Philips music player, Ms. Saritha and Ms Vijaya Rao also received prizes, the BUMPER PRIZE was given by Mr. T.A. Chowdhary Regional manager of Lic housing finance company to Mr. D.Kiran Kumar who received a Car and Ms.Anupam Avanti who received a Samsung LED TV. Consolation Prize was given to Mr. G.mahesh babu and Mr. Arun.The prize for beautiful stalls were given to Legend Estates, Aliens Space Station and Praneeth group respectively. The property show got well noticed and were received somberly by the visitors at large, many deals were struck, which of course is the prime motive of organizing such exhibitions. However on Sunday there was a cricket match between India and arch rivals Pakistan because of which the footfalls on Sunday evening were very subdued. Lic housing finance cmpany organizes such property shows through out all metros and in smaller cities in India periodically, we hope to see many more of these shows in months to come.
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The response to this show was very lukewarm as there was no much advertisement done to promote this show and also the venue being in the residential area did not appeal to many MNC dwellers who would have preferred a location near to the IT corridor of the city. However the footfalls at the beginning of the event was very less as the place looked very deserted and later on it picked up in the evening.The next day which was Sunday, did see an increase in the footfalls as many visitors in the near by areas had strolled the venue for some lucrative offers.
Andhra Bank is one of the premier bank in India having a very wide presence in the retail banking sector. The bank has forayed into Housing Loans segment
A
tantalizing property show was organized by Andhra bank, th th which is one of the prime retail bank in India on 19 and 20 January, 2013 at Sri Satyasai Nigamagamam located at Srinagar Colony, Hyderabad which is considered as a residential area where commercial activities are at minimum. The property show was mainly organized to showcase the latest projects of various builders and developers and for spot sanctions of loans of prospective home buyers. Andhra bank has started a housing loan campaign with very attractive benefits for purchase of plots/houses /flats and for repairs or any alterations. The special features includes no processing charges, repayment upto 75 years of age and with a very attractive rate of interest of 10.50%.The property show was flagged off by the chief guest after a brief opening ceremony which was conducted at the venue by various dignitaries of Andhra Bank including AGM and GM and all top official of the bank were present. Also a detailed press conference was held explaining the motive and the need for such property shows. Andhra Bank has a very wide presence in the state of Andhra Pradesh extending services to many verticals, one of which is the retail loan segment that includes the various home loan schemes which the bank has recently announced. The bank is quit aggressive in marketing of housing loan products. There were about 21 exhibitors in all who displayed there ventures and residential projects. These were Butterfly, Santha Sriram Const., Saket Engineers, Vasavi Nirman, S&S Green Projects, Sri Laxmi Builders, Pragathi Green Meadows, Madhu infra, Giridhari, Vasudeva Realtors, Aliens Group, SV Aiswarya Construction, Ashoka Builders, Green Homes, Manjeera group, Aditya Construction company, Building Blocks, Aparna Contructions, Janapriya, Prajay Properties Pvt. Ltd.
Many spot offers were approved during this exhibition, the host bank is providing a housing loan facility to the prospective home buyers who are generally from reputed MNC's or other large corporations. Mostly all the projects which are showcased by the builders are approved by the financial institutions and civic authorities so that the financing can be made possible in a short span of time. Andhra Bank is one of the premier bank in India having a very wide presence in the retail banking sector. The bank has forayed into Housing Loans segment for the retail public and the norms for which are at par with other peer banks. The bank aims to disburse more loan amounts to genuine home buyers and property shows of this kind will provide them with much needed clientele. There is a slew of property expo's being organized in the city for past many years and as a consequence of that, the visitors inquisitiveness has depleted considerably, therefore the footfalls in these kind of property shows are decreasing. However some visitors do come to these property shows in order to bargain a profitable deal with the builders and also with the bankers. This is the first property expo being organized by Andhra Bank and the bank plans to conduct many more such expo's in the future.
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ENVIRONMENT
Ways to go green A
s we are aware that every natural resource is becoming very scarce each passing day and therefore the need to use them very judiciously is of paramount responsibility for all of us. Today's society by latest technological innovations has made drastic changes in how we consume our natural resources and its impact on our environment, be the unleaded petrol or diesel we use in our cars so that the emission is less harmful to the nature and our surrounding environment or be it the use of wind power generators and solar panels to generate electricity. Today the world is seriously thinking about applying various means to be environment friendly in every aspect of our life. There is a draconian need to make our homes ecofriendly in whatever way we can. The term “eco-friendly” is used to describe activities which are good for the environment. It is a shortening of “ecologically friendly”. These homes are constructed using eco friendly products like Robosand & Fly ash thereby greatly reducing the impact on the environment. To keep the impact to the minimum these homes are equipped with solar powered lighting & heating, rain water harvesting and recycling system, organic waste management system, etc. These systems not only save the environment but also save money for the residents. Green homes offer quality living space. They also help you save money. A green building can lower energy consumption by 30-50% and water consumption by 30-70%, if you live in a green building, you save on things such as power and air-conditioning. For example, a good design can reduce the use of air-conditioning. If you factor in these savings, green buildings can be much cheaper. Eco-friendly homes or the green homes are not just for people building independent houses. As awareness grows, an increasing number of builders are offering "eco-friendly" apartments and villas. Eco-friendly homes, as a concept and product, are at a nascent stage in India. At present, India has 800 million square feet green built-up space, of which 40% is residential. And it is expect it to touch 1 billion square feet by 2012. The number will double by 2014, by an estimate made by, Confederation of Indian Industry (CII) and ministry of housing. The awareness level is much higher in case of commercial projects. But also the Builders have started getting enquiries about eco -friendly residences. As consumers become increasingly aware of the advantages of living and working in an eco-friendly environment, one can see a gradual increase in interest in such eco-friendly housing projects.
The eco-friendly homes are constructed using eco friendly products like Robosand, Fly ash, eco-paint and other products thereby greatly reducing the impact on the environment. To keep the impact to the minimum these homes are equipped with solar powered lighting & heating, rain water harvesting and recycling system, organic waste management system, etc. This will not only saves the environment but also saves money for the residents. Water collected from the rooftop will be used for potable water after suitable filtration. Ground water runoff will be sent to recharge pits thereby recharging the natural aquifers. (To bring up the ground water level). It will lessens the demand of municipal water supply, hence saving money on utility bills. Similarly Waste Water Recycling is also done using advanced filtering process. The treated water than will be used for the toilet flush as well landscaping reducing potable water consumption by approximately 50%. Its a odourless system and easy operable. Roof top solar panels are used the solar generator system can generate electricity and utilized for lighting common areas and garden thereby insuring well lit surrounding all through the night. The solar heating system will generate solar hot water for bathing and washing. This system eliminates the hassle of installing hot water geyser and inflated power bill and can drastically reduce utility bills. Being eco-friendly includes recycling of waste water to usable water to suit the needs of it in gardening and other purposes. Other eco-friendly attributes include the use of sustainably grown or raised ingredients, produced in ways that do not deplete the ecosystem. Organic ingredients or materials are grown without toxic pesticides or herbicides. Products with "made from recycled materials" contain glass, wood, metal or plastic reclaimed from waste products and made into something new. Biodegradable products break down through natural decomposition, which is less taxing on landfills and the ecosystem as a whole. A number of small changes that can be made, which can give very surprising results to the home owners such as, a added thermal mass for insulation to ensure that the roof and walls radiate less heat into the room and using very light colours for the roof which ensures more amount of sunlight reflection and therefore less heated walls. Also reduce the size of window glasses on the east and west or use double-glazed glasses to lower heating of the inner walls and helps reducing the warm air circulating the rooms. Use of cross ventilation in rooms can be very effective in scorching summer season and help
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 19
ENVIRONMENT in bringing down the room temperature. This will in turn help to reduce the electricity bills greatly also the efficiency of airconditioner and refrigerator greatly enhances. Certain Do's and Don'ts to make your home eco-friendly: Ø When your furnace, AC or water needs replacement, shop around for an Energy Star® rated or better unit. You may pay a little more up front, but you'll save money in the end. Ø Replace aging (10 years or more) appliances with new energy efficient models. Look for Utility company rebates when you buy Energy Star rated products. Ø Replace old windows with energy efficient double or triple pane products. Look for the Energy Star label. You may also get federal and local tax rebates, financing or other incentives. Ø When a standard light bulb burns out, replace with an EnergyStar rated bulb. According Indian energy conservation board, if we all replaced just one light bulb with energy efficient ones we would save enough energy to light more than 3 million homes for a year. Ø When it's time to re-shingle, look for products made from recycled materials. Consider steel panels, recycled materials that look like tiles and shingles. Ø If your siding needs replacing, consider fiber-cement products made from concrete and recycled fibers. These products come in dozens of colors and textures. Ø Landscape your yard to use less water. Go with more flowerbeds, walkways and drought-tolerant plants. Ø Replace fixtures with low-flow Water Sense rated models. Ø If your toilets are the older water-guzzlers, consider replacing with new low water use models. Ø Plant trees to shade your home in the summer and cut down on air conditioning use. Ø Replace vinyl flooring as it wears out with recycled flooring such as linoleum, bamboo, laminate or other green choices.
Check your insulation and upgrade if needed. Underperforming insulation is a big energy and money waster. Eco-friendly buildings are evaluated on several parameters before being given a green rating. Various global agencies have put forward a list of crucial factors required to be fulfilled by the realtors to be ecofriendly. · Site planning and eco-friendly building design · Preservation and protection of top soil and landscape during construction · Heating, air-conditioning, ventilation, lighting and electrical and water heating systems · Optimization of building design and structure to reduce demand for conventional energy · Integration of renewable energy sources to generate energy · Water and waste management · Selection of ecologically sustainable materials for construction · Indoor environmental quality (indoor thermal and visual comfort and air quality) 20 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
· Conservation of soil during construction and proper top soil for vegetative growth Green homes are not a lifestyle statement for those concerned about their carbon footprint. Many builders are marketing their properties with the help of green ratings and certificate. Institutions such as Indian Green Building Council (IGBC), which is part of the CII, and the Association for Development and Research of Sustainable Habitats (ADaRSH), a joint initiative of Teri and the Ministry of New and Renewable Energy, analyze buildings and give them ratings based on parameters such as design, construction materials, energy efficiency, ventilation, lighting, and water and waste management. IGBC offers internationally recognized Leadership in Energy and Environmental Design ratings. Green Rating for Integrated Habitat Assessment (Griha) by ADaRSH has been made mandatory for new government buildings, which must score at least three Griha stars out of five. The current Griha rating is for larger buildings as the government of India has specified incentives for green buildings with an area of more than 2,500 square meters. Small buildings such as single-family bungalows have a larger collective footprint.
Eco-friendly housing will be the next big thing to watch, not only will it help our polluted surroundings to breath fresh air but also it will be energy efficient in operation. An eco-friendly home also helps you get loans at cheaper rates. State Bank of India charges lower interest rates for the first three years for loans taken to purchase properties in green projects which reduce carbon emissions and promote renewable energy. You also get other incentives from the bank. The National Housing Bank, along with Germany-based KfW Bank and ADaRSH, is running a pilot project for offering incentives for energy-efficient homes. Once the pilot project is successful, the scheme will be available on a larger scale to all the Indian cities.With active support from the government and the private sector, green buildings will soon become the norm. "Corporate houses such as Infosys, Wipro and Tata have a policy to occupy only green buildings," says CII's Raghupathy. "There is tremendous growth in awareness about green buildings. Two years from now, only green buildings will be in demand.” However, all properties being advertised as 'green' or 'eco-friendly' may not be so. Many small- and mid-sized builders call their projects eco-friendly just because they have lawns and landscaped gardens. If builders say a green lawn is eco-friendly, it is incorrect, because a lawn is not environmentally sustainable. The plants in it will consume four times more water than the native species, so in the true sense it is not a eco-friendly preposition at all .In most housing projects, the 'eco-friendly' label is a greenwash . It is some times used only to market expensive properties but actually they are not eco-friendly at all. The concept has not caught on in the real estate sector, except with a few developers. These homes tend to be more expensive. At the time of buying a 'green' home, checking certification from a rating agency will help you distinguish between a green-washed and a genuine ecofriendly project. Though green ratings help in critically analyzing the green quotient of houses, individual home owners can just go to an architect who has an expertise in green habitats. "Go to an architect, establish a good rapport and demand that the building be ecologically friendly. Eco-friendly housing will be the next big thing to watch, not only will it help our polluted surroundings to breath fresh air but also it will be energy efficient in operation. At present the cost of building a ecofriendly home is costly than a conventional home but in future the cost will be drastically reduced as many manufactures will try to venture in this field, bringing down the initial cost of the material and every one can own a long cherished eco-friendly home.
AWARDS
HRS 2 0 1 2
Hyderabad
Realty Stars 2012
REAL ESTATE SURVEY AND AWARDS
Transparent & Truthful “HRS 2012” the biggest and the most authentic survey extravaganza ever in done in Hyderabad, promoted by A. Z. Amstar Media Pvt Ltd, the publishers of Real Estate Bulletin to recognize and felicitate the best players in realty and set new standards in property ratings. No agency had ever rated the housing and construction industry players of Hyderabad in terms of quality and services offered to the customers, which is the utmost need at this juncture as there is a phenomenal increase in realty activities in our city coupled with escalated price of the properties, hence a serious amount of customer's hard earned money is at stake. We feel proud and honoured to announce that we are conducting a Real Estate Property Survey to identify the most trusted and Best Brands of Hyderabad Realty in all aspects, which will be declared on the last day of the three day REB PROPERTY SHOW 2013 to be held at HITEX, Hyderabad on 14th April 2013 evening 6 pm after the observations made by a panel of jurists who are the eminent personalities of the city. They shall be the Guiding Force and the Process Valuators behind the non-regulatory rating of HRS 2012. We have emphatically partnered with a reputed research and analytical agency, who are the most premium & authentic market research consultants. They will provide us the information with an immaculate survey report based on statistically sampled compliance data. We will take all the measures including our principle research partner, in order to broad base our survey process to cover all sections of the society .It will be our constant endeavour to strive for an extremely transparent and truthful survey. An extremely insightful questionnaire is designed to incorporate all the intricate parameters pertaining to various technical details of a property and its associated landscape areas. Our knowledge & research partner will play a pivotal role in formulation and execution of the questionnaire. It is our arduous desire to bring this event to the knowledge of all residents of Hyderabad city and beyond. We will ensure that every individual participate in this event by polling sensibly and truthfully. Our various media partners are very focused and committed to this initiative. We will strive to create a general awareness regarding property ratings amongst common people. A group of very distinguished persons form the panel of judges who are seasoned campaigners in their respective fields. The panel will carefully evaluate the data provided by respondents, surveyors and the research team, and render an unbiased rating based on various parameters. The Jury will also advise on analytical services and know-how in formulating parameters and analyzing the received data. All the vital parameters like track record, financial flexibility, structural quality, legal liability, project funding, amenities, vaasthu compliancy, innovation in technology, design & ecstatic sense etc are the key parameters which will be taken into consideration for the ratings along with others.
"Hyderabad Realty Stars 2012” shall define the following underline categories: ORGANISATIONS Top Ten Realty Brands Top Ten Builders Top Ten Developers
PROJECTS Top Three Residential Buildings Top Three Retail Malls Top Three Commercial Complexes Top Three Gated Communities Top Three Colony Layouts
PROFESSIONALS Top Three Architects Top Three Interior Designers Top Three Structural Engineers Top Three Real Estate Consultants
SPECIAL Jury Awards
This survey will increase the comfort levels and helps the investor or home buyer in taking an informed decision. This will be a milestone event of the year, a true eye opener and a giant step forward in recognizing and gratifying the best players in the realty industry. This broad base survey will open up new vistas of quality awareness among the realtors and property buyers. We welcome suggestions - info@realtystars.in Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 21
HRS 2012 NOMINATION FORM 2 0 1 2
(Any juristic person can nominate any company / project / professional in the Housing and Construction industry of Hyderabad, based on their presence and interest in the public domain. Please go through the guidelines below before filling the nomination form) I __________________________________________________________ s/o ________________________________________________________ do hereby nominate the following company or/ and individual for participating in HRS 2012 under the below mentioned category. NOMINEE INFORMATION Name of the Company / Individual: Address:
Telephone No:
Fax:
Email ID:
Mob:
Nomination Category: (Please tick as necessary)
ORGANISATION Realty Brand 101 Builder 102 Developer 103
PROJECT Residential Building Retail Mall Commercial Complex Gated Community Colony Layout
PROFESSIONAL 201 202 203 204 205
Architect Interior Designer Structural Engineer Real Estate Consultant
301 302 303 304
Your Opinion about the nominee: __________________________________________________________________________________________ ________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________ . NOMINATOR INFORMATION Name of the Person: Address:
Telephone No:
Fax:
Email ID:
Mob:
Id Proof Details: _________________________________________________________________________________________________________ Source of information about the nominee: Direct Marketing Is the nominee aware of their nomination?
Customer
Employee
Friend/ Relative
Media Advertisement
Web Portal
Others Specify ________________
Yes
No
Guidelines: § Complete and submit this form explaining why the nominee deserves the award. § Two nominations in the same category from the same person are not accepted. § The Term “Nominator” shall include all the customers, employees, staff and agents of the nominated company or professional who have presence and interest in the public domain. The term “Nominee” shall mean the company / project / professional who are nominated for HRS 2012. § Nominators should confine their choice to the projects constructed / completed / lived / occupied in the year 2012 only. § Only persons with valid identification proof should nominate. § The jury of HRS 2012 reserves all rights in connection with the survey, sampling process, and the announcement of the awards. § Any dispute related to this is subject to the jurisdiction of the Courts of Hyderabad only. § Post the completed nomination form to Chairman - HRS 2012, st O/o A.Z.AMSTAR MEDIAPvt Ltd, #3-6-278, 103B, 1 Floor, Thomas Prabhu Reliance Complex, Himayathnagar, Hyderabad-29. Or scan and email us to info@amstar.cc
Investor
Last Date: The dead line for submission of this form is 38th Feb 2013 evening 6pm. Note: The information provided remains confidential, but the forms will be forwarded to the panel of judges from different backgrounds including housing and construction industry. Declaration: I have read the guidelines related to the HRS 2012 and hereby agree to abide by them and respect the decision taken by the jury. I here by declare that all the information furnished above is true, correct and complete to the best of my knowledge and belief.
Name:
Signature:
Designation:
Date:
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 23
NEWS
NEWS
Source: News pages & Sites..
PROPERTY REGISTRATIONS GO UP IN CITY AHEAD OF REVISION OF RATES
s land rates (government value) are set to be revised from April 1, 2013 and metro rail work is progressing at a brisk pace, there is a spurt in property registrations in the city, especially in areas where the metro corridors are passing through like Bala Nagar, Uppal and Miyapur. Registrations and Stamps (R&S) department officials expect property registrations to peak up further after January 15. Last week, the chief minister directed the R&S department to revise land rates from April 1 by inviting objections and suggestions from citizens. The land values for property registrations were revised in August 2010 last. Uppal sub-registrar's office (SRO) covering Uppal, Rarnanthapur, Boduppal, Medipally and Peerzadiguda used to get 18 to 20 documents (registrations) per day till recently. Now, the number has jumped to 25 to 30 registrations per day in the last one week. Another developing area in the East of the city, L B Nagar, which covers areas like L B Nagar, Nagole, Kothapet, Karmanghat, Biramalguda, Jilleiguda, Almasguda and Badangpet,
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now gets at least 40 documents per day, where it used to get 25-30 property registrations till recently L B Nagar sub-registrar has been on top of the property registrations in the entire East division of R&S department of Rangareddy district. "Since many people consider days till January 15 inauspicious, registrations are just 10 to 20% in some parts of the city. We eject the number of registrations to go up after January 15. With regard to revision of land values, the R&S department has begun the exercise of revision of tax. This time, apart from land values, the rates for apartment registration will also be revised. In Nagole, current land value for registrations is Rs 5,500 per square yard and it is likely to be revised to Rs 8,000 to Rs 9,000 per sq yard. Similarly in Kothapet, the land value is likely to be raised to Rs 10,000 per sq yard from the existing Rs 7,000. Apartment rates are between Rs 1,200 to Rs 1,800 per square feet in Madhapur, Kondapur and Gachibowli areas which might be increased by Rs 500 per sft.
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increases in construction costs, signals a potential return of stability." The report is based on a dozen of real estate companies. Trend continues further, in 2011-12, real estate companies generated positive free cash flow and the trend continued into first half of 2012-13. Besides stable demand, Other efforts to improve liquidity included strategies such as monetization of Land and non-core assets, Exercising prudence in new launches and adopting the joint venture to develop project, the report said. The companies, it said; would need to rely less on debt financing and focus on buyer advances and internal accruals, something for which an improvement in demand is imperative. Stable signs in 2012, residential demand showed signs of stability. Stating that the sales of large players declined marginally last year, the report said "persistence of adverse sentiments, high inflation and high interest rates, which reduce affordability, coupled with high property prices, continue to hinder any improvement in demand. Commercial demand will be hit by subdued job growth in the IT sector. Demand for retail space is likely to be muted in the near term.�
evising its outlook on the Indian realty sector to negative to stable for 2013 from negative last year, India Ratings Research on Wednesday said signs of stability were emerging amid persistent weak demand drivers and weak edit metrics of the dominant players. The trend of deterioration in EBITDA (earnings before interest, tax, depreciation and amortization) has ended and free cash flow has turned positive," senior executives of the rating agency told press Persons here while announcing the details of its 2013 outlook report. The improved free cash flow translates into a situation where the companies would be better off in terms of adhering to the delivery schedules of the projects and with regard to servicing the debt. A correction in property prices, widely expected at least in some markets, was unlikely as better cash flow mean that the companies would be under no pressure to sell at reduced prices. The report, on which Mr. Prasanna and Subhasree Banerjee, Associate Director in the Fitch group company, made a presentation, said that the "EBITDA margins, which steadily declined to 30 per cent in 2011-12 from about 55 per cent in 2007-08, remained at around that level during 2012. That this was possible despite
INDIA RATINGS REVISES REALTY SECTOR OUTLOOK
BANKS SHOULD ISSUE 30-YR FIXED RATE HOME LOAN, SAYS RBI PANEL
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eserve Bank of India panel has suggested that banks could issue 30-year fixed rate home loans under the priority sector category (sub Rs 25 lakh) to make loans more affordable even as a rating agency issued a warning that banks were lending long-term with one year deposits and asset liability miss-matches was at historic highs for some banks. The panel constituted by the central bank to look into the feasibility of introducing long-term fixed rate loans has said that banks could issue long-term bonds with minimum maturity of 5 years to generate long-term resources. "The Indian financial system has G-Secs upto 30 years a benchmark to issue and price 30 year bonds by banks. Banks could, therefore, make efforts to offer longer tenor fixed rate loans, say upto 30 years which would help reduce the EMIs of the borrowers" the report said. At present banks largely extend loans in the 15-20 year segment and even 25 year loans are rare. The panel has recommended that banks which have an exposure to home loans qualifying for priority sector (currently loans upto Rs 25 lakh) should be allowed to raise long-term funds through issue of long-term bonds. To find buyers for these bonds, the panel recommends that institutional investors like pension funds, provident funds, insurance companies be allowed to invest in them, if necessary, by suitably amending the relevant investment guidelines. Incidentally the report comes at a time when a report by India Ratings Warned that growing dependence of Indian banks on short-term funds for long-term loans such as infrastructure is exposing them to risk. According to the report the growing short-term funding mismatches that increase refinancing pressures may keep deposit rates high. "Asset-liability mismatches up to one year have been rising and for some banks are at all time highs. While refinancing risk is partly mitigated by government banks strong domestic depositor base, the high lone or refinancing squeezes quarter end liquidity and may delay the transmission of any policy rate cut to borrowers. This is because banks may find it difficult to make matching reductions in deposit rates" the report said.
24 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
NEWS
Hyderabad City emerges as affordable realty market among metros, says report
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he City of Pearls has emerged as the most affordable realty market among Indian metros thanks to a slew of affordable housing projects that mushroomed in the city in the aftermath of the 2008 global meltdown and the T-turmoil, according to a study done by global realty consultancy firm Knight Frank. What's more, enablers like the new GO 245 (relaxation of mandatory EWS/LIG housing norms) and upcoming projects like Hyderabad metro rail will continue to speed up the demand for realty projects in the city "The market sentiment looks bullish for the forthcoming quarters. There has been an increase in demand in the last few months. The fact that the residential property in Hyderabad is relatively undervalued presents vast opportunity for end-users and investors alike," said the Knight Frank report. According to the report, the affordable housing segment in Hyderabad got a push after 2008 when the industry saw a significant price corrections duet° slowdown in the IT Industry Coupled with political uncertainty over Telangana. "As a result, the weighted average capital value of the residential properties in Hyderabad is estimated to be the lowest among the metro cities," the report said. Though the residential market in the city had become stagnant in the last two quarters of 2011-12, the city has bounced back due to affordable housing and various promotional offers. The April-December 2012 period saw a number of launches by reputed
developers totaling about 8,500 units and as of December 2012, around 653000 residential units were under construction in various micro-markets of Hyderabad like Kukatpally, Ailadhapur, Kondapur, Gachibowii and Raidurgam. "Nearly 56% of the absorption till December 2012 has been within, the Rs 6 million (Rs 50 lakh) category, followed by Rs 5-7.5 million with 32 % . The clubbing together of these categories essentially denotes that the fordable and mid-end segment has been responsible for the absorption of a total 88% of the residential units booked or sold." On the pricing front too, nearly 51 % of the total residential units under-way fall under the Rs 5 million categories which signifies that the customers in the midsegment are the prime demand drivers of the residential market in the city the report states. According to Knight Frank, a major trend in Hyderabad's residential realty market is that small is now beautiful for buyers with a majority of them opting for smaller residential unit sizes as the global economic uncertainty has taken much sheen of the IT sector. Acknowledging this trend, Chalapathi Rao, Vice-president, Andhra Pradesh Real Estate Developers Association (APREDA) said that the residential realty sales had gone up in 2012. "There has been a 15% rise in sales and we expect another 5 10 % rise in 2013 as well.�
Telangana deadlock hits city's realty sector
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ith debate over a separate Telangana gathering steam within political circles yet again, the nightmares of 2009-10 have come back to haunt the city's real estate sector with apprehensive investors choosing to wait and watch. Industry insiders admit that over the past few weeks, both inquiries and payments have slowed down due to uncertainty over the Telangana issue. "As long as the uncertainty drags on, industry players are bound to be faced with such concerns. We are already witnessing a tangible impact as most transactions have come to a standstill," said D Sreedhar Reddy, managing director of Lanar Realtors Pvt Ltd. While he maintains that a repeat of 2010 after the first lash of 'T' agitation) might be unlikely, Reddy is sure of the just
recovering sector taking another round of beating if the crisis is not resolved at the e a r l i e s t , " T h e n t h e p r o b l e m wa s monumental because it was coupled with the global meltdown. That is not the case now" the realtor added. But not all are as hopeful, at least those in the infrastructure business. Majors from this sector feel that Hyderabad has no hope of winning its place back in the competitive market in the next five years due to lack of confidence among investors in the state's politicians and bureaucrats. "Power and irrigation projects are the worst hit. Unless these are brought back on track (as they signify the development of a region), it is unlikely for the realty industry to be revived," said B Sreenaiah, managing director, BSCPL Infrastructure Limited. According to his
estimates, irrigation projects worth anywhere between Rs 70,000 and Rs 1 lakh crore are pending for completion in the state, thanks to the political instability. The impact, observers claim, is distinctly visible in the commercial sector. Residential business, on the other hand, has been reasonably stable. "The construction of 'speculative' buildings (for office space) has been phased out. If developers have tenants, they are going ahead with their projects," explained Sandip Patnaik, managing director (Hyderabad) of global realty consulting firm, Jones Lang Lasalle. He, however, optimistically added the impact was only temporary and that the city has been witnessing a steady trend of fresh launches (residential projects) over the last
Stamp Duty for land registration to go up
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yderabad: From April 1, 2013, people who register their properties with the stamps and registrations department have to cough up more charges. This is because chief minister N Kiran Kumar Reddy on Saturday cleared the proposal to increase market land value for registration of properties. The chief minister also directed the stamps and registration department to reduce the registration charges including transfer of duty. Officials informed that land value is generally decided based on the quantum of stamp duty and registration fee. The last revision in both the urban
and rural areas was done on August 1, 2010.As the state is grueling with short of funds this step by the chief minister seems to be inevitable as this will bring more funds to the ex-chequer and this in turn may help the financial health to improve. How ever this proposition will be more burdening to the property buyers who has to pay more from his pocket making him even more cash striped as already the inflation is so high for many years at a stretch, which is refraining to come down.
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 25
NEWS
TENDERS FOR KRISHNAWATER TREATMENT PLANT INVITED AGAIN
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he Hyderabad Metropolitan Water Supply and Sewerage Board (HMSW&SB) will issue a fresh notification this week inviting tenders for construction of a water treatment plant (WTP) for the proposed Krishna drinking water supply project phaseIII, The water treatment plant is a major component of the project. The Board had floated tenders for the WTP under package-V and the expected commercial value (ECV) was pegged at Rs. 141.07 crore. The Water Board has proposed the 410 million litres per day (MLD) capacity WTP at Kondapur for supplying treated water to the city through Krishna project. “We are calling for re-tenders as three major firms Ramky Infrastructure Ltd, Geo Miller and Co Ltd, and MNC, and Mega Engineering have filed their tenders, but we disqualified them as they failed to upload proper documents. As per rules and regulations, the firms participating in e-tender have to upload documents like registration and experience,” a senior HMSW&SB told TOI.
The Water Board had opened both technical and financial bids on November 22 and scritinised them. Generally, the firms upload improper documents deliberately. “We found that the documents filed by the three firms were not as per rules and regulations. Hence, we disqualified them”, he said. The HMSW&SB had floated tenders for taking up the Rs. 1,670 crore project, which aims to bring 90 MGD water to Greater Hyderabad by 2013, under 10 packages. Incidentally, Mega Engineering has filed tenders for packages-VI, VII, VIII, IX and X and successfully won the bid in packages VI, VIII, IX and X as joint venture with other firms. However, for package-V, and important component in Krishna phase III, none of the three firms qualified.
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enders have been invited by the HMDA for collection of user free from motorists. The sale of bids began on Wednesday and tenders would be finalized by December end. With another Nehru Outer Ring Road (ORR) stretch between Patancheru and Shamirpet likely to be opened for commuters next week, the Hyderabad Metropolitan Development Authority (HMDA) has initiated the process of collection of user free from vehicles. If the toll collection is started, commuters travelling in a car on ORR from Patancheru to Shamirpet have to pay Rs. 30, mini bus Rs. 50 and bus or two-axle trucks Rs. 100. Similarly, for Patancheru to Medchal the user fee would be Rs. 20 for cars, Rs 40 for mini buses and Rs. 80 for buses or two-axle trucks. Tenders have been invited by the HMDA for collection of user fee from motorists on the 35-km stretch between Patancheru and Shamirpet. The sale of bids began on Wednesday and it would be accepted till December 24 and tenders would be finalized by December end. The manual user fee would be collected till March 2014 at interchange points at Patancheru, Sultanpur, Saregudem, Kandlakoya, Medchal and Shamirpet. “The ORR stretch is ready with the link road at Kandlakoya. The HMDA is planning to throw it open for public on December 3,” ORR chief general manager N Surya Prakash Reddy told TOI on Wednesday.
The HMDA has started collecting toll through PK Hospitality Services Ltd on the completed ORR stretches between Pedda Amberpet and Patancheru and Narsingi and Gachibowli. The contractor has agreed to pay Rs 22.73 crore for 18 months to the urban development authority. The user fee is being collected from commuters at Pedda Amberpet, Bongulur, Raviryal, Tukkuguda, Pedda Golconda, Rajendranagar, APPA, Kokapet, Edulanagulapally, Shamshabad, Patancheru and Nanakramguda interchange.
When tenders for toll collection on the completed portion between Pedda Amberpet and Patancheru were finalized, HMDA officials had sought permission from the Municipal Administration and Urban Development (MA&UD) to entrust toll collection on the Patancheru-shamirpet stretch to PK Hospitality Services Pvt Ltd as well without calling tenders separately. However, the MA&UD department rejected their plea and asked them to call separate tenders after completion of the stretch.
MLA HALTS DEMOLITIONS IN GACHIBOWLI
T
he GHMC's demolition drive against unauthorized constructions in Anjaiahnagar and Siddiquenagar of Serlingampally was stopped on the second day on account of stiff resistance put up by local MLA Bikshpathi Yadav and his followers on Tuesday. The town planning wing personnel with the assistance of police managed to raze 23 of the targeted 36 buildings on Monday despite facing protests from the building owners. Mr. Yadav had surfaced on the first day too and got into a slanging match with the officials, but the later stuck to their guns pointing out that the demolitions were being done on the orders of the Lokayukta.
Kicks up ruckus On Tuesday, however, the MLA reached the site in the morning again, kicked up a big ruckus over the demolitions and staged a demonstration for a couple of hours. In the melee, a JCB was also damaged. He relented only after receiving assurances from the authorities and the municipal corporation staff that they would withdraw. When contacted, North Zone Commissioner S. Aleem Basha, said that most of the targeted demolitions were completed on Monday itself and the municiapal staff were just mopping up the debris. He pointed out that only holes were made to the slabs and the walls were not demolished so as not to endanger the neighbours as the constructions were very close. GHMC has warned that illegal buildings would be demolished under statutory provisions and criminal cases booked with a provision for imprisonment up to three years.
26 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
NEWS
LONDON MAYOR KEEN ON TIE-UPS FOR CITY REGENERATION PROJECTS United Kingdom Government has expertise' London Mayor Boris Johnson has evinced interest in partnering with the State Government in regeneration of Hyderabad city, which he claimed had made huge strides on the infrastructure front. Growing population The United Kingdom Government has expertise and traction in urban regeneration which could be utilized for developing the State Capital to meet the requirements of the growing population of the “Hi-tech centre”. He requested the Government to consider entering into tie-ups with London's firms in the ambitious project launched for cleaning Hussainsagar lake and designing an intelligent transport system. He was responding to presentation made by the State Government on infrastructure development works like Metro Rail project and lake cleaning. The London Mayor's two-day visit to Hyderabad coincided with the visit of a 22-member UK Trade Mission to India. Mr. Johnson who addressed a delegation of Ministers and senior officials on Wednesday made repeated enquiries about the proposed Hyderabad Metro Rail, Claiming putting in place an effective transport system was “must” for the burgeoning metropolis. Lake cleaning project Referring to the lake cleaning project, he said London had considerable expertise in the development of riverfront projects and the State Government could leverage this to its advantage. He said he was “fascinated” with infrastructure development works unfolding in the city and that capacity addition due to significant increase in population had become a focus area for both London and Hyderabad. Municipal Administration Minister M. Maheedhar Reddy said population in the urban areas of the State was 33.4 percent compared to the national average of 30 percent and the Government had initiated reforms like data integration at policy and service levels. He told the visiting delegation about the prestigious Outer Ring Road project and said the Government was now mulling a peripheral road project to ensure effective connectivity to rural areas. Infrastructure and Investment Minister Ganta Srinivas Rao and Greater Hyderabad Municipal Corporation Mayor Majid Hussain also spoke. Officials said not joint venture deals had been finalized during the meeting which marked a beginning of greater partnership between the two cities.
FIRST PHASE OF ITS TO BE READY BY NEXT YEAR
T
he Hyderabad Metropolitan Development Authority (HMDA) has initiated preparatory work towards equipping the city with the first phase of the Intelligent Transport System (ITS) by the end of next year. Coordination meetings with other departments which are related with roads, traffic and transportation have been taken up to finalise details before the tender process is set in motion for work covering the entire Hyderabad Metropolitan Area. The project will make the city the first in the country to implement to ITS, estimated to cost Rs. 900 crore and to be implemented in three phases. When in place, the system will act as a guide on traffic conditions by providing a host of inputs right from congestion of vehicles in different parts to movement of buses. Information such as road cutting and repairs, water-logging, pollution and weather conditions. This information will also be made available for road users through display boards, SMS and even online. The HMDA has been in touch with the Greater Hyderabad Municipal Corporation (GHMC), Traffic Police and AP State Road Transport Corporation (APSRTC) to identify their own respective initiatives and proposals, an official said. “Some of the ITS components were part of the Hyderabad Traffic Integrated Management System (HTRIMS) taken up by the GHMC. We wish to integrate it with ITS,” he said. GHMC has been requested to provide details such as the number of CCTVs and Variable Message Signs (VMS) proposed under H-TRIMS and their locations. APSRTC has to provide information about the proposal on bus probe system using GPS for vehicle trakcing location, movement and scheduled arrival at different stops. The Traffic Police has been provided with a workstation layout to check the possibility of locating the ITS Control Room near L.B. Stadium. Since the project entails installing boards to display VMS, weather and pollution data apart from equipment such as Automatic
Vehicle Counter-cum-Classfier. (AVCC), required permissions are being sought, he said. “The tender process and technicalities of awarding work might take a few months and we should be able to stark work around JuneJuly, 2014 to complete the first phase of ITS by December,” the official added.
T
WATER BOARD GETS NOD FOR FINANCIALAID
he state government on Tuesday gave administrative sanction to an amount of Rs 115 crore to the Hyderabad Metropolitian Water Supply and Sewerage Board (HMWS&SB) for loans to take up the Godavari Drinking Water Supply Project (Abdul Kalam Hyderabd Srujala Sravanthi Scheme) and Krishna drinking water supply project phase III. On Tuesday, the municipal administration and urban development (MA&UD) department issued a GO(Rt No. 1582) according administrative sanction for Rs. 115 crore plan from Budget Estimations provision 2012-13 towards second installment under loans to the ongoing Godavari drinking water supply project and first and second installments for Krishna phase III. According to the GO, the budget estimation was Rs. 430 crore and already Rs 100 crore was authorized and now, another Rs. 115 crore was sanctioned. With this, the government has so far authorized Rs 215 crore for the drinking water supply projects. Godavari drinking water supply project aims to supply 172 million gallons per day (MGD) from Yellampally barrage (Karimnagar) to Greater Hyderabad. The government hopes to complete the project by 2013-end.
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 27
Advertisement Brochure
Hyderabad's biggest property Extravaganza The biggest & the best Property show redefined Hyderabad's biggest property extravaganza will showcase a plethora of Builders & Developers with their exotic & elegant projects. The expo will bring the largest consortium of Realtors under one roof, be it an opulent building plaza or a colossal gated community it's all here in the Real Estate Bulletin Property Show-2013. Visitors from all walks of life, an MNC employee or a naive street dweller, a business executive or a housewife, every one of them will stroll around the exhibited stalls. This will be a one stop venue for all the serious property buyers to interact with the exhibitors and strike a best deal. There will be unprecedented number of footfalls during the course of Expo spanning over three days. This Expo will be a gateway for a stupendous business opportunity, so come and
TITLE SPONSOR Rs. 25,00,000/MAIN SPONSOR Rs. 15,00,000/ASSOCIATE SPONSOR Rs. 7,00,000/-
be a part of it and grab this opportunity with both the hands.
SPONSORSHIP DETAILS TITLE SPONSOR RS. 25,00,000/One Stall FREE! 4'x6' Sq. Mts. Promotional opportunities to build brand awareness through presence in 1. Banners
4. Ads
2. Invitations
5. Hoardings
3. Brochures
6. Social Media
ASSOCIATE SPONSOR ( 4 NO.s) RS. 7,00,000/One Stall FREE! 3'x3' Sq. Mts. Promotional Opportunities to build brand
Prime branding space in the website homepage with hyperlink to your website. Complete coverage about the Company profile in our magazine & website. 3 Full Page advertisements in February, March & April 2013 issues of Real
awareness through presence in 4. Ads 1.Banners 2.Invitations
5. Hoardings
3.Brochures
6. Social Media
Complete coverage about the Company profile in
Estate Bulletin. Two free delegate passes for three days of the Event. These could be used to
our magazine & website. 3 Full Page advertisements in February, March &
your selective clients.
April 2013 issues of Real Estate Bulletin.
2 standees at the event Banquet.
Prime branding space in the website homepage
1 Table at the event Banquet.
with hyperlink to your website.
Branding space in the ad campaign.
Branding space in the ad campaign.
MAIN SPONSOR RS. 15,00,000/One Stall FREE! 3'x6' Sq. Mts. Promotional Opportunities to build brand awareness through presence in 4. Ads 1.Banners 2.Invitations
5. Hoardings
FINANCIAL TERMS AND CONDITIONS
3.Brochures
6. Social Media
For Title, Main & Associate Sponsors: 50% of
Complete coverage about the Company profile in our magazine & website.
amount at the time of booking and balance on or
3 Full Page advertisements in February, March & April 2013 issues of
before 28 Feb 2013.
th
Real Estate Bulletin. Prime branding space in the website homepage with hyperlink to your website. Branding space in the ad campaign. If you are interested in taking up any of these sponsorships, please mail / courier the duly filled-in Application Form to Real Estate Bulletin Office. If you would like to discuss the sponsorship in more detail, please feel free to contact: Mr. Taruj 91 9550001900
Mr. Haneef 91 9550002123
Mr. Sharat 91 8008550858
Alternatively, write to info@amstar.cc Advertisement Brochure
LAYOUT FOR REB PROPERTY SHOW 2013
ARYAN HALL & MOURYA HALL
Exit
F 20 F 66
F 21 F 67
F 22 F 68
F 23 F 69
G 01 G 02 G 03 G 07 G 08 G 09
TOILETS
G 04 G 05 G 06 A 10 626G 11A 627 G G 12
F 24 F 70
F 25 F 71
F 26 F 72
F 27 F 73 F 28 F 74
F 19 F 65 F 18 F 64
C 01 C 17
C 03 C 19
C 02 C 18
C 04 C 20
F 29 F 75
F 17 F 63
F 30 F 76
F 16 F 62
F 31 F 77
C 05 C 21
F 15 F 61
E 01 E 09
F 14 F 60 F 13 F 59
C 07 C 23
C 06 C 22
E 02 E 10
C 09 C 25
E 03 E 11
E 06 E 14
E 05 E 13
E 04 E 12
C 08 C 24
E 07 E 15
C 11 C 27
C 10 C 26
E 08 E 16
C 12 C 28
Emergency Exit
F 32 F 78 F 33 F 79 F 34 F 80
Emergency Exit
F 12 F 58
C 13 C 29
C 14 C 30
C 15 C 31
C 16 C 32
F 35 F 81 F 36 F 82
F 11 F 57 D 01 D 09
F 10 F 56
D 02 D 10
D 03 D 11
D 04 D 12
D 05 D 13
D 06 D 14
D 07 D 15
D 08 D 16
F 09 F 55
F 37 F 83 F 38 F 84
B 01 B 09
F 08 F 54
B 03 B 11
B 02 B 10
B 04 B 12
F 39 F 85
F 07 F 53
F 40 F 86
F 06 F 52
F 41 F 87 B 05 B 13
F 05 F 51
B 07 B 15
B 06 B 14
B 08 B 16
F 04 F 50
F 42 F 88 F 43 F 89
A 01 A 05
F 03 F 49
A 03 A 07
A 02 A 06
A 04 A 08
F 44 F 90
F 02 F 48
F 45 F 91
F 01 F 47
F 46 F 92 Entrance
ARYAN HALL
Entrance
MOURYA HALL
A
6x8 48Sqm
4 nos
A
6x8 48Sqm
B
6x6 36 Sqm
8 nos
B
6x6 36 Sqm
C
4x6
16 nos
C
4x6
D
3x6 18 Sqm
8 nos
D
3x6 18 Sqm
8 nos
E
3x4 12 Sqm
8 nos
E
3x4 12 Sqm
8 nos
24Sqm
24Sqm
F
3x3
9 Sqm
46 nos
F
3x3
9 Sqm
G
2x4
6 Sqm
6 nos
G
2x4
6 Sqm
Total
96 nos
Advertisement Brochure
Total
4 nos 8 nos 16 nos
46 nos 6 nos 96 nos
APPLICATION FORM
Name of the Exhibition
:
REB PROPERTY SHOW, 2013
Date and Venue
:
1st, 2nd & 3rd March 2013 at HITEX, Madhapur, Hyderabad.
Name of the Exhibitor Name of the Fascia Full Address
Telephone No.
Fax
Email ID Contact Person
S.No
Type
Size (Mts.)
Area (Sq. Mts.)
No. of Stalls (Both Halls)
Rate (Rs)
1
A
6X8
48
8
9,00,000
2
B
6X6
36
16
6,00,000
3
C
4X6
24
32
4,50,000
4
D
3X6
18
16
3,50,000
5
E
3X4
12
16
2,50,000
6
F
3X3
9
92
2,00,000
7
G
2X3
6
12
1,20,000
Add 15% premium for corner stalls & 25% premium for stalls at the entrance. Service Tax @ 12.36% extra. Terms of Payment: 25% advance along with application form and balance of 75% within 30 working days. Category:
Builder / Developer
Supplier
Institution
Service Provider
Professional
Sponsor
Others
Stall No.* .........................................……………. Stall Area…..............…….….Sq. Mts. Type ……….............…Others ….……………... Do you wish to offer any discount/ special offer during the Property Show? If yes, details …………………………………………………… All Demand Drafts should be drawn in favor of “A. Z. Amstar Media Pvt Ltd, Hyderabad.” The rules and regulations mentioned herein shall be deemed to have been read by the exhibitor before signing this form. I/We enclose herewith a Demand Draft / Cheque No. …………..…… Dt. ………….…... for Rs. …….……. towards the rent of the stall. *Please confirm availability before booking. **You can also opt to remit payments directly into our Bank account. The details are as follows.
§ Name of the Bank: HDFC Bank § Customer ID Name: A. Z. Amstar Media Pvt Ltd § Account No:19962560000231 § Swift Code: HDFC0001996 § Nature of Account: Current Account § Name of the Branch: Hyderguda branch, Hyderabad. I / We have read the rules and regulations relating to the administration of the Exhibition and hereby agree to abide by them. Name: ______________________________________ Signature of the Applicant: _________________________________ Designation: __________________________ Company Seal: __________________________________________________ For Further Details, Contact: Mr. Taruj 91 9550001900
Mr. Haneef 91 9550002123
Mr. Sharat 91 8008550858 Advertisement Brochure
RULES AND REGULATIONS 1.
Rights: The Organizers reserve all rights in connection with the exhibition.
(b) The Organizers shall not be responsible in any way for personal injury to the exhibitor or his staff, agent, invites, or licenses, howsoever caused.
2.
Terms of Reference: The Term “Exhibitor” shall include all employees, staff and agents of any company, Partnership firm or individual to who space has been allotted for the purpose of participation. The term “Exhibition” shall mean the exhibition known as a “REB st nd rd PROPERTY SHOW, 2013,” being held on 1 , 2 & 3 March 2013 at HITEX, Madhapur, Hitech City, Hyderabad 500081.
10. Consequent Loss: In case the Show is cancelled or suspended in whole or in part due to causes not in the Organizer's control, the Organizers do not accept any consequential liability for the same.
3.
4.
5.
6.
7.
Allotment: (a) Stalls will be allotted on “First come first served” basis. (b) Allotment of stall(s) shall be made at the sole discretion of the organizers. (c) The Stall(s) allotted will be solely used by the participants for the display of products / Projects not covered by the original application will not be allowed. Stall Alteration: (a) All alterations to the size or position of the exhibitor's stand shall be permitted only with prior written approval. (b) The organizers reserve the right to modify the layout of stalls, sites and gangways. (c) The Organizers reserve the right to require exhibitors to make such alterations to the stalls and the setting of exhibits as they reasonably feel necessary to meet the acceptable standards of presentation or to avoid interference with the display of other exhibitors. (d) Conversion of all allocated site to free design is not Permitted. (e) While reasonable fixings may be made to the walls of the structure, any attempt involving the reinstallation of the original structure will be at the expense of the exhibitor or his agent. (f) The stall may not hang over the allocated area, nor will any extinguishers or emergency exits. (g) Designers should avoid designs which block other exhibitors’ stalls. Stall Interiors: While exhibitors are free to decorate their stalls to the best of their ability for projecting the right image of their products and companies, they should not make any permanent fixture to the walls, panels and floors through use of nails, painting or any other such activity. Stall(s) should not be open from both sides. Non-compliance to Rules: The height of displays, exhibits and fixtures shall not exceed 2.5 Mts. The Organizers reserve the right to remove all such displays at the cost of the exhibitor. In case an exhibitor refuses to comply with the directions, the Organizers reserve the right to close down such exhibitor's stall(s) for the entire exhibition, without any refund or compensation to such exhibitor. Terms of Payment: The amount will be payable at the time of booking of the stall, by means of a Demand Draft drawn in favour of “REB PROPERTY EXHIBITION” 25% advance shall be payable along with the stall application from & the balance of 75% will be due on or before 30 working days. Note: Cheques dishonoured shall automatically render the booking as cancelled and the amount paid will be forfeited.
8.
9.
Cancellation: In the event of cancellation by a participant, the booking amount paid will not be refunded under any circumstances. Insurance: (a) Insurance of the exhibits and the property of the stall will be the responsibility of the individual exhibitor.
11. Default on Payment: The Organizers reserve the right to cancel and reservation of space in the event an exhibitor has not paid the dues of rental charges. 12. Space not Occupied: a) Every exhibitor shall occupy the full stand area booked by him / her. b) Should an exhibitor fail to take up the stand allotted to him / her, the Organizers reserve the right to deal with the unoccupied space as they deem it. 13. No Sub-letting: The exhibitors may not assign, sublet or grant license in respect of the whole or any part of the stall(s). Cards, advertisement or printed matter of persons or firms who are not bonafide exhibitors will not be exhibited or distributed form any stall(s). However, an exhibitor may distribute cards, advertisements or printed matter in respect of companies or firms of which the exhibitor is a subsidiary, or where the exhibitor is the ultimate holding company of such companies. 14. Failure of Service: The Organizers will Endeavour to ensure the supply of services of the official, contractors. But as the supply of such services is not within the control of the contractors, neither they nor the Organizers will be held liable for any loss or damage arising in the event of such services wholly or partially failing or ceasing to be available. Nor shall the exhibitor be entitled to any allowance in respect of rental due or paid under the contract. 15. Electrical Installation: All onsite electrical installations must be carried out by the officially appointed electrician / contractor before connecting to the main supply. 16. Event Call-off: If the event has to be cancelled for any reason whatsoever, the amount already paid by the participants shall be refunded after deducting the expenses already incurred / advance made by the organizers on a priority basis. 17. Common Area: The exhibitors shall not solicit any business in the common bay area. 18. Announcements: Participants are not allowed to make loudspeaker announcements except on the Public Address system of the Organizers i.e., from the reception desk, with the prior permission of the Organizers. 19. TDS Exemption: The Organizers will obtain Income Tax exemption certificate from the concerned department under section 194(1) of the Income Tax act. Exhibitors are liable to pay the space rent in full. The Organizers undertake to furnish the TDS exemption certificate to the exhibitor. 20. Jurisdiction: Any dispute between the Organizers and any exhibitor is subject to the jurisdiction of the Courts of Hyderabad only.
Advertisement Brochure
FINANCE & LOAN
A
vailing yourself of a home loan involves various decisions and a few major ones revolve around (1) quantum of loan (2) down payment and (3) tenure of loan. Arranging for the down payment is a critical path to tread. As per a recent RBI directive the prospective borrowers are require to make a minimum down payment ranging from 20 to 25 per cent of the cost of property or the construction cost. For instance, if the cost of a house/flat being purchased is Rs.30 lakh, the down payment of Rs.6 lakh at 20 per cent of the cost is to be borne by the borrower and the rest would be financed by the HFI. Before taking a loan and committing oneself to the EMI payments, borrowers have to consider a few important aspects and one of them is EMI affordability. Most of the housing loan institutions' websites provide simple EMI calculators wherein if you enter the required loan amount and the number of years of loan sought, the proposed monthly EMI at the prevailing interest rate will automatically appear. Do your calculations Prospective borrowers can use this facility and do calculations on their own and see if the EMI payment capacity suits them. Start with choosing the loan amount and getting the calculated EMI amount before approaching any HFI for a loan. The default decision that a borrower is advised to make is to first arrive at the EMI payment capacity and then decide on the value of the house/construction; it should not be vice versa.
For example, if the cost of a flat / construction is estimated to be Rs.30 lakh and the loan required is 80 per cent of the cost (Rs. 24 lakh), at 11 per cent p.a. rate of interest for a period of 15 years the EMI would be Rs. 27,278.
This amount should be evaluated based on the affordability which is dependent on the borrower's age, net income, mandatory monthly expenses, any other EMIs, immediate financial commitments and such other aspects that could affect the repayment schedule over the loan tenure. On the website of www.canfinhomes.com , www.canfinhomes.com (a HFI), if you visit the “loan eligibility calculator� page and type in a monthly income of Rs.50,000, a loan duration of 15 years and rate of interest of 11 per cent, your loan eligibility indicated would be Rs.17,59,639 with an EMI capacity of Rs.20,000 per month.
Before taking a loan and committing oneself to the EMI payments, borrowers have to consider a few important aspects and one of them is EMI affordability. It is that simple. You can find the EMI on your desired loan amount as well as the eligibility of getting a loan which can assist you precisely in your decision. Based on such numbers you can start planning for the value of house or cost of construction. Since home loans are for a long period of time such preparations would definitely help in smoother repayments. Also, for the down payment amount, one can consider a higher contribution of up to 30 per cent of the cost which would automatically reduce the EMI burden. Further, to meet the down payment amount, borrowers can consider taking a loan on Provident Fund accumulations, soft loan from employers, hand loans from friends/relatives, selling jewellery etc., besides pulling out their savings in form of RD, FD, and/or equities. Contingency funds It is also important to set aside 'contingency funds' of at least six months of EMI payments and monthly household commitments for the purpose of dealing with any unforeseen events such as loss of job, reduction in income, temporary disability and such other events that could affect the repayment commitment. This amount should be kept liquid, investing in either bank FD or debt mutual funds. Adopting a systematic and organised approach would surely help in standardising one's financial health.
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 33
34 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
VIZAG REPORT
g n i ng
The
a h c
g a z
i V
isakhapatnam is being promoted as the second-best city in Andhra Pradesh after Hyderabad and quite similar to the latter's development. The city has seen a monstrous change in its landscape in recent times. Vishakhapatnam is one of the best places to be in India. The city, ensconced in the nature's lap with breathtaking sceneries and pleasant environment is like paradise on earth and there is a huge potential for industrial and education sectors. Big and small IT companies are making there presence in the city by setting up state-of-the art offices and labs in SEZ's of the port city. The very friendly and calm environment is alluring many MNC's to open up there operations in the city. A low cost of living compared to other metros coupled with very skilled workforce is the key factor behind huge development of vizag. India's primer IT companies like Wipro, Infosys, TCS and many more are opening new offices in the city, the authorities of these firms are very impressed by the topography of the place and the serene atmosphere which it has in abundance. Very soon Vizag will be the most preferred IT destination in our country. The state government is playing a pivotal role in the development of the city. Key infrastructure projects are pressed into action, major road widening projects and flyovers at almost all major junctions are being constructed. Similarly large scale land development and landscaping act ivies are in full swing by private companies. In years to come the city will be blooming with exotic buildings and commercial complexes. The cities limits are expanding in leaps and bounds to accommodate the rising demand of commercial and office spaces. A slew of new projects across various areas, both in the public and private sector, are coming up in Andhra Pradesh, many of these in Visakhapatnam. The projects such as Ceramic City which the AP government is planning to set up a ceramic specific industrial estate, called 'ceramic city', in Visakhapatnam on the lines of 'Ceramic Clusters' in Gujarat. Visakhapatnam Steel Plant will provide technical support for the project. The city will utilize existing industrial infrastructure facilities and make use of available raw materials like clay, bauxite, quartz, feldspar, calcite, beach sand and zirconium. Also projects like Pharma City has sprung up in the city. The foundation stone of the Jawaharlal Nehru Pharma City at Visakhapatnam was recently laid by the state Chief Minister. Pharma City, spread over an area of 2,200 acres of land, will be developed by Ramky Pharmacity Ltd. Pharma City will have facilities like effluent plant and hazardous waste disposal.
V
f o s e ski
Visakhapatnam Special Economic zone (VSEZ) is a multi-product SEZ that offers state of the art infrastructure and support services for hassle free business environment. The infrastructure facilities available are in manifold and state government is extending there support in all respect to finance and aid small scale industries and facilitate realtors to develop the city. The city also has a good exposure to steel plants. The area approaching the steel plant to Elamanchili will be the hub of industrial activity. And with industries coming in, housing too is being planned in a big way. This port city is already seeing announcements of a rising number of residential projects.
Visakhapatnam is being promoted as the secondbest city in Andhra Pradesh after Hyderabad. The city has seen a monstrous change in its landscape in recent times. Vishakhapatnam is one of the best places to be in India Vizag is also known as the port city with a very good coast line across the place which is ideal for harboring cargo ships and hence a very busy port is in place handling large tonnage of cargos every day. The port activities also opened up new vitas of opportunities like ship building industry, cement industry and a slew of major steel industries which sprawled across the port city creating endless job openings. Similarly heavy engineering services also cropped up to aid the big manufacturing units. State of the art pharma companies and labs are springing up giving a multi dimension profile to the industrial ethos. Amidst all these Industrial and commercial developments, the real estate industry is brewing up vibrantly, the cost of open land in and around the city has escalated manifolds during these years, also all major reputed developers and builders are constructing many new and interesting projects and ventures. As the demand for new apartments and flats are rising steeply the city's sky line in changing at a rapid pace, more and more high rise buildings are finding place in commercial hub of the city. From the ancient port city with a modest population to a rapidly industrialized hub, the city of Visakhapatnam has truly emerged as one of the fastest growing city of our country. IT and software parks have found a new destination in this city, adding another feather in its cap. The times and fortune of this city is changing to accommodate a new vibrant India. The skies of Vizag is really changing.
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 35
36 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
Builders
Developers
HRS 2 0 1 2
38 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
Top
TOP10
Realty Brands
3
Residential Buildings Retail Malls Commercial Complexes Gated Communities Colony Layouts Architects Interior Designers Structural Engineers Real Estate Consultants
Nomination forms and guidelines on page no 21-22 also at www.realtystars.in
HYDERABAD
HYDERABAD
HYDERABAD
HYDERABAD
NCP
NEW
CONSTRUCTION PROJECTS WITH RATING Rating is based on the evaluation of the Real Estate Bulletin Team in the aspects of the organization track record, financial flexibility, structural quality, legal liability, project funding, finishes, amenities, vaasthu, innovation in technology, design etc. Along with all these, market feedback is also taken into consideration. However we do not guarantee or suggest the positive or negative perceptive of the project or the company but we help our reader or the referral person of these ratings, in taking an independent and informed decision while purchasing or investing in any of these properties..
SATTVA NECKLACE PRIDE Builder: Salarpuria Sattva Group. Property Address: Salarpuria Sattva Group, H. No.6-6-8 to 32 & 395, Kavadiguda Main Road, Secunderabad-03. Property Type: Luxury Residential Apartments. Location: Kavadiguda Main Road. Bedroom: 2 & 3. Area Range: 1280 Sft. to 1884 Sft. Starting Price: Rs. 65 Lakhs onwards. Possession: 2014. Concern Person: John. Contact number: 8001213344.
PRATYUSH ARCADE Builder: KJR Constructions. Property Address: H.No:1-10-89/6, Bhagya Nilayam, Jai Jawahar Nagar Colony, Awal, Secundrabad - 10. Bedroom: 2, 3 & 4. Area Range: 900-1815 sft. Price: Rs.2400/-*Per Sft . Possession: December, 2013. Concern Person: Mr. Jai Raj Katta. Phone: 9391054146, 8099354146.
SANDSTONE AVENUE WONDERFUL WORLD Builder: Pooja Ventures Pvt. Ltd. Property Address: Pooja Ventures Pvt. Ltd, HNo. 3-6-692, Street No.11, Himayath Nagar, Hyderabad-29. Property Type: Comfort Luxury Villas. Location: Appa Junction , Kismatpura. Area Range: 2500 Sft to 2502 Sft. Bedroom: 3BHK. Price Starting From:Rs.5000/- Per Sft. Possession: December 2013. Phone: 9010770000, / 040-66770000 / 40079066.
SRI KRISHNA ROYAL Builder: Shri Salasar Developers. Property Address: Salasar developers. A.S.Rao Nagar, Sainath Puram, Hyderabad. Price: BSP: Rs. 2450*/- per sq. Ft. Location: A.S.Rao Nagar, Sainath Puram, Hyderabad. Area Range: 1053 & 1224 sq. Ft. Bedrooms: 2 & 3. Possession: March 2013. Concern person: Swati. Phone:9248033202. URL: www.salasardevelopers.com
VISHAL SANJIVINI Builder : Vishal Projects Ltd. Property Address: Vishal House, Plot No. 22, 1st Floor, Chandragiri Colony, Trimulghery, Secunderbad - 15. Property Type: Independent Villas. Location: Maheswaram. Area Range: 200 to 400 sq. Yds. Bedroom: 3BHK only. Price: Rs. 4000 per Sq.ft. Possession: Dec. 2014. Concern Person: Mr.K.Karunakar. Contact Person: 9666669835.
Builder: Sandstone Infra. Property Address: Sandstone Infra, Flat No. G4, Ratna Complex, Behind Image Hospital, Ameerpet, Hyderabad - 73. Property Type: HMDA Approved Residential zone plots. Location: Opp. Bibinagar Railway StationPlot. Area Range: 200 to 1826 sq. YdsStarting. Price: Rs.3300 per sq yrd. Possession: Ready to Built. Phone: 8885574647. URL: www.sandstoneinfra.com.
HARE RAM RESIDENCY Builder : AV Constructions. Property Address: AV Constructions, Plot No:660, Road No:3, Community Hall Lane, Budha Nagar,Uppal Bus Depot, Hyderabad - 92. Property Type: Residential Apartment. Area Range: 1070 Sft to 1505 Sft. Bedroom: 2 & 3. Price: Rs.2000/- Per Sft. Possession: One Year. Contact Person: Venkat Reddy Jakka. Contact number: 9885809367. URL: www.avconstructionsindia.com
VINAY ICONIA Builder: Shubhodaya Avenues Pvt. Ltd. Property Address: Shubhodaya Avenues Pvt. Ltd, H.No.11-11-3/2, Road No.1, TeleTel Colony, Kothapet, Saroornagar, Hyderabad - 68. Price: Rs.2400/- Per Sft. Bedrooms: 2 & 3. Area Range: 1060 Sft to 1575 sq. ft. Possession: June 2014. Concern Person: Srinivas Reddy. Phone: 9246360883, 91 92463 60883.
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 39
NCP
HYDERABAD
HYDERABAD
GACHIBOWLI COUNTY - V Builder : Green city. Propety Address: Guru Krupa, 1st Floor: -8-2598/A/1/128, Lane beside Star Hospitals, Road No 8, Banjara Hills, Hyderabad-34. Property Type: Residential land. Price: Rs.5700 per Sq. yard( Negotiable). Area R a n g e : 2 6 7 , 4 0 0 & 5 0 0 s q . Yd s . Possession: Immediate. Contact Person: C.Madhusudhan. Phone: 9492909249.
L.N. ESTATES Builder : Sri Balaji Real Estates. Property Address: Sri Balaji Real Estates, HO - 16- 2 - 702/2/C & 703/1 to 4, Sri Balaji House, Malakpet Hyd-36. Property Type: DTCP approved Residential zone plots. L o c a t i o n : Wa r a n g a l H i g h w a y Hyderabad. Plot Area Range: 200 to 800 sq. Yds. Price Starting From: 1500 per sq yrd. Possession: Ready to Built. Phone: 9849441444.
HYDERABAD
HYDERABAD
MANA RUPA'S HOMES Builder : Sri Manarupa Meadows Pvt. Ltd. Property Address: Shop. Nos.:21,22&23,R.B.V.R Reddy Hostel Shopping Complex, Tilak Road, Abids, Hyderabad - 01. Property Type: HMDA Approved Residential Zone plots. Location: Pasumamula, Nr. Nagole. Area Range: 207 sqyrds - 720 sqyrds. Price Starting From: Available on Request. Possession: Ready to Built. Phone: 9848620123 / 9908844277.
VANYAMITRA HOMES Builder: Vanyamitra Homes Pvt Ltd. P ro p e r t y Ty p e : DTC P A p p rove d Residential Zone Plots. Location: Kadthal , Srisailam Highway. Area Range: 150 to 500 sq. Yds. Price: Rs.1500 /- Yard. & Rs.2000 / - Yard. Phone: 040- 64539512 / 9912779065,
HIGHWAY RESIDENCY
SHRADDA NIVAS II
Builder: Best Avenues India (P) Ltd. Property Address: 3rd Floor Upstairs Anupama Hotel, Opp Chandana Brothers, Ameerpet Hyderabad. Property Type: Independent Villa & Plots. Location: Near Shamshabad Airport. Area Range: Duplex Villa: 270 sq.yds. Built Up 1500 Sq.ft. Area Range: 270 Sq.yds. Bedroom:
Builder: Shradda Homes. Property Type: Residential land. Location: NFC N a g a r, G h a t k e s a r. A r e a R a n g e : 200,300,400 & 500 sq.Yds. Bedroom: 2 BHK & 3 BHK. Price: Rs.2100/Yard. Possession: Immediate. Concern person: Mr. vikram reddy. Phone: 9866234781.
3 BHK. Price Starting From: Duplex Villa: Rs.22,80,000/-. Open Plots: Rs.10,80,000/-. Possession: within 6 Months. Phone: 9618889786. URL: maheshvillas.com
GRAND VILLE SUPER CITI Builder : Grand Ville. Property Type: HMDA Approved Residential Zone Plots. Location: Bibinagar, Warangal Highway Area Range: 150, 200, 222, 400 Sq.Yds. Price starting from: Available on Request. Possession: Ready to Built. Contact Person: Sivaji. Phone: 9951078999.
WESTPINES Builder : Bricmor developers. Corp Add: M/s. Bricmor, Plot No.293, Road No.7, Telecom Nagar, Gachibowli, Hyderabad 32. Property Type: Independent Home Villa. Location: Velimala, Nr. Gachibowli. Area Range: 2741 Sft & 2742 Sft. Price Starting From: Rs.70 Lakhs. Possession: December 2014. Concern Person: Srinivas reddy. Phone: 9550422459 / 7799793315. Email: vardhan@bricmor.com.
VADDEPALLY ENCLAVE SRINIVASA GARDENS Builder: Srinivasa Infra Projects. Property Type: HMDA Approved Residential Zone Plots. Location: Mansanpally ‘X’ Roads, Nr Airport. Area Range: 200 to 600 sq. Yds. Price Starting From: On Request. Possession: Ready to Built. Contact Person: Mr. Srinivas Phone: 9949036669 / 8106879997
40 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
BUILDER: Sumashaila Developers Pvt. Ltd. Property address: Vaddepally Enclave, Vivekanand nagar, Kukatpally. Hyderabad-43. Location: Vivekanand nagar, Kukatpally. Property Type: Residential A p a r t m e n t . A re a R a n g e : A p t s . : 1 1 6 2 t o 1 6 3 7 s q . f t . Villas: 3135 to 3167 sq. ft. Price :Apts.: Rs. 3200 /- per sq. ft. Villas - Rs. 1.50 Cr. Onwards + Rs. 3.50 Lac (Amenities). Phone. 8978999449. URL: www.sumashailadevelopers.com
BENGALURU
BENGALURU
BENGALURU
BENGALURU
NCP
AFFINITY SOLUTIONS PVT LTD
B.M DEVELOPERS
Property Address: Doddaballapur Road, Yelahanka, Bangalore North, Bangalore. Property Type: Residential Appartment. Price: Rs. 23.01 Lac(s). Price Per Sq. Ft: Rs. 3900. Built-up Area: 590.00 Sqft. Bedroom: 1. Possession: May, 2016. Contact Person: Jyoti. Phone: 9999684905.
Property Address: 3st Floor, Jain Bhavan, 1 8 / 1 A n d re e Ro a d , S h a n t i n a ga r, Bangalore-27, Bangalore South. Property Type: Residential Appartment. Price: Rs. 45 Lac(s). Built-up Area: 1504.00 Sqft. Bedrooms: 3. Possession: Feb, 2013. Contact Person: Rajdeep. Phone: 080-41100323, 9886301311, 8722000020. URL: www.bmdevelopers.com.
SAI ASSOCIATES EQUINOX REALTY Property Address: 318, 2nd Floor, 9th Main, Above Icici Wealth Management, Jayanagar 5th Block, Bangalore 560041, Bangalore South. Property Type: Residential Appartment. Price: Rs. 33.01 Lac(s). Price Per Sq. Ft: Rs. 2999. Builtup Area: 1101.00 Sqft. Bedrooms: 2. Possession: Sep, 2013. Contact Person: Prakashini. Phone: 9341660660, 9900227272. URL: www.saiproperties.com
Residential Apartment: Opp. Lumbini Gardens Nagawara Lake,,Outer Ring Road, Hebbal, Bangalore North. Property Type: Residential Appartment. Price: Rs. 6.29 Crore(s). Price per Sq. Ft: Rs. 12176. Built-up Area: 5166.00 Sqft. Bedrooms: 5. Possession: Mar, 2016. Contact Person: Nitya Satyanarayan. Phone: 91-080-267464242.
PR VENTURES Property Address: Near Hebbal Lake, Hebbal, Bangalore, Pin, Karnataka, India, Hebbal, Bangalore North, Bangalore. Property Type: Residential Appartment. Price: Rs. 1.97 Crore(s). Price Per Sq. Ft: Rs. 6740. Built-up Area: 2927.00 Sqft. Bedrooms: 3. Possession: By 2013. Contact Person: Rupesh Roy. Phone: 8050098051, 9964059598.
SATWI INFRA Property Address: Horamavu, Kalkeri Main Road. Property Type: Residential Apartment. Area Range:1020 sft - 1571 sft. Bedroom: 2 & 3 BHK. Price: Rs. 35.69 Lacs. Possession: June 2013. Contact Person: Prakash. Phone: 9483506036, 9483506036, 9880920082, 9246538840 URL: www.satwiinfra.com
NBR DEVELOPERS & BUILDERS PVT LTD Property Type: Residential Appartment. Price: Rs. 32.7 Lac(s). Price Per Sq. Ft: Rs. 3000. Built-up Area: 1090.00 Sqft. Bedrooms: 2. Possession: May, 2014. Contact Person: Lalit . Phone: 8880878112, 8880878114, 9036772018. URL: www.nbrdevelopers.com
DZIRE REALTORS Property Address: #19, 3rd Floor, 30th Cross, Jayanagar 4th T block, Bangalore41, Bangalore South. Property Type: Residential Appartment. Price: Rs. 1.95 Crore(s). Price Per Sq. Ft: Rs. 5417. Built-up Area: 3600.00 Sqft. Bedrooms: 5. Possession: Immediate. Contact Person: Zeeshan.G. Phone: 9900097140, 91-080-30203396
IT ESTATES Property Address: No.2, devasandra, off bel road, opp m.s.ramaiah hospital Bangalore South. Property Type: Residential Appartment. Price: Rs. 15 Lac(s). Price Per Sq. Ft: Rs. 1378. Builtup Area: 1089.00 Sqft. Bedrooms: 2. Possession: Apr, 2015. Contact Person: Deepak. Phone: 7829913191. URL: www.thecreativehomes.com
PRUDENT MARKETING Property Address: #19, Edward Road, Queens Road, Bangalore Central, Bangalore. Property Type: Residential Apartment. Price: Rs. 75 Lac(s). Built-up Area: 2000.00 Sqft. Bedrooms: 3. Po s s e s s i o n : I m m e d i a t e . A g e o f Property: 0-1 Years. Contact Person: Mr. Habibur Rahaman. Phone: 9886237026.
Builders and Developers please send your Project details to our mail-id: info@amstar.cc Contact: 95500 01900, 040-31000815. Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 41
NCP
VISAKHAPATNAM
VISAKHAPATNAM
VISAKHAPATNAM
SURYA SHAKTI GREEN LANDS
MADAN PROPERTIES
Property Address: Lily Hasmine, Sujatha Nagar, Vishakhapatnam, A P. Property type: Residential Apartment. Price: Rs. 12 Lac(s). Price Per Sq. Ft: Rs. 1778. Built-up Area: 675.00 Sqft. Bedroom: 1. Possession: Within 3 months. Concern Person : Anil kumar. Phone: 9980960320, 91-0891-2710634
Property Address: Seethammadhara, Vishakhapatnam, A P. Property type: Residential Apartment. Price: Rs. 1.5 Crore(s). Price Per Sq. Ft: Rs. 4546. Builtup Area: 3300.00 Sqft. Bedrooms: 5. Possession: Immediate. Concern Person: Madan babu. Phone: 9502334235. Email: divyaconstructions@yahoo.co.in
SKREALTORS PVT LTD Property Address: 49-35-31, N.G.G.O S Colony, Akkayyapalem, Vishakhapatnam. Property type: Residential Apartment. Price: Rs. 86 Lac(s) Check EMI. Price Per Sq. Ft: Rs. 4778. 1800.00 Sqft. Built-up Area: Bedrooms: 3. Transaction: New Booking. Possession: Within 6 months. Concern Person: Santhosh Barnala. Phone: 8106722444, 8978648321
YELAMANCHILI INFRASTRUCTURE LTD Property Address: Near Pepsi Company, Madhurawada, Vishakhapatnam, A P. Property Type: Residential Apartment. Price: Rs. 24 Lac(s). Price Per Sq. Ft: Rs. 2243. Built-up Area: 1070.00 Sqft. Bedrooms: 2. Possession: Within 3 months. Phone: 9573828999.
REGISTERED LAND IN BHEEMILI Property Address: Bheemili, Vishakhapatnam, A P. Price: Rs. 11 Lac(s). Price Per Sq. Ft: Rs. 734. Plot Area: 1500.00 Sqft. Possession: Immediate. Concern Person: Srinivas. Phone: 9885146148.
PARAS PARADISE Property Address: Adarshnagara, V i s a k h a p a t n a m . P r o p e r t y Ty p e : Residential Apartment. Price: Rs. 49 Lac(s). Price Per Sq. Ft: Rs. 3500. Built-up 1400.00 Sqft. Bedrooms: 3. Area: Possession: Sep, 2013. Concern Person : Suneel. Phone: 9059006377, 7416234127. URL: vizag.shriramproperties.com
BLU J SKY LINE Property Address: Bheemunipatnam, Bheemili , Vishakhapatnam, A P. Property Type: Residential Apartment. Price: Rs. 16.32 Lac(s). Price Per Sq. Ft: Rs. 1750. Built-up Area: 933.00 Sqft. Bedrooms: 2. Possession: Dec, 2013. Concern Person: Srinivas. Phone: 8008639889.
RESIDENTIAL LAND IN TAGARAPULVALASA Property Address: Tagarapulvalasa, Vishakhapatnam, A P. Price: Rs. 6.6 Lac(s). Price Per Sq. Ft: Rs. 366. Plot Area: 1800.00 Sqft. Possession: Immediate. Concern Person: Priya Phone: 9494772979.
RESIDENTIAL LAND IN PANDURANGAPURAM
RESIDENTIAL LAND IN KOTHAVALASA
Price: Rs. 5 Crore(s). Price Per Sq. Ft: Rs. 9182. Plot Area: 5445.00 Sqft. Possession: Immediate. Concern Person: Ramu. Phone: 9533837327.
Price: Price on Request. Plot Area: 900.00 Sqft. Possession: Immediate. Concern Person: Srinivas. Phone: 9963855779.
Online Edition www. estatebulletin.in 42 I Twin Cities REAL ESTATE BULLETIN I 2013 Feb
HYDERABAD
LAND RATES
Land & Built up Rates S.No
AREA
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
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 Gajularamaram Ghatkesar 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
RESIDENTIAL (Rs/sqft) 1800 - 4000 3550 - 4350 1964 - 2262 2438 - 2809 3800 - 4500 2000 - 3000 2251 - 2436 1800 - 4000 2200 - 3000 5384 - 5891 4000 - 4800 3500 - 5000 2000 - 2500 2200 - 2600 1800 - 2800 2000 - 3000 2300 - 3000 3000 - 3800 3500 - 4800 2000 - 3500 4200 - 5000 2200 - 3200 2800 - 4200 2200 - 2800 1580 - 2175 7000 - 8000 3500 - 4200 3000 - 3500 2500 - 2800 5050 - 7500 2050 - 2650 3850 - 4500 2500 - 3000 2100 - 2400 1850 - 2450 2000 - 2500 2800 - 4000 1600 - 3100 2500 - 2800 2500 - 3500 4250 - 4750 2500 - 3000 2000 - 3200 2000 - 2700 2200 - 3400 3200 - 4400 1500 - 2500 3000 - 4200 2500 - 3200
COMMERCIAL (Rs/sqft) 2600 - 4000 4500 - 6000 2800 - 4500 3000 - 4500 4000 - 5000 3000 - 3500 3200 - 4000 3500 - 4600 3200 - 4500 7000 - 10000 4500 - 5000 5000 - 7000 2200 - 2700 3000 - 4500 2500 - 3800 4000 - 5200 3200 - 5000 5500 - 9000 4500 - 5500 4200 - 6000 5000 - 7000 3000 - 4200 4000 - 5000 2500 - 3000 3000 - 3600 15000 - 20000 3500 - 6500 3500 - 6500 2650 - 3800 8000 - 11000 3600 - 5200 4000 - 6800 2800 - 4000 3000 - 4500 3700 - 5500 3500 - 4500 3100 - 5600 3100 - 5600 3000 - 3500 3000 - 4200 4250 - 4750 3500 - 4500 3000 - 4500 2500 - 3500 2600 - 3000 3000 - 3800 2500 - 3500 5000 - 6000 3000 - 3500
RETAIL (Rs/sqft) 5500 - 6500 7500 - 15000 4000 - 5000 3500 - 5000 5400 - 6800 3000 - 6000 6000 - 7000 4400 - 5000 3800 - 4800 9000 - 17500 7000 - 8500 10000 - 13000 2800 - 3000 3500 - 5000 3400 - 4200 4500 - 6500 5000 - 6500 7800 - 10000 4500 - 6000 9000 - 12000 5200 - 6500 3500 - 6200 6500 - 7800 2200 - 2800 3000 - 4200 11000 - 13000 10000 - 13000 7500 - 9000 3000 - 3600 11000 - 14000 6000 - 8500 6500 - 7400 3200 - 4500 3500 - 5000 6500 - 7800 3500 - 4200
7000 - 8500 7500 - 9000 6000 - 8000 4500 - 6000 5000 - 8000 4000 - 6000 4000 - 6000 3000 - 4500 3000 - 4000 5500 - 6200 2000 - 4000 6500 - 9000 4500 - 5400
OPEN LAND RESIDENTIAL (Rs/sqft)
COMMERCIAL (Rs/sqft)
1750 - 3000 3400 - 5500 2000 - 4200 1500 - 2000 2400 - 5500 1600 - 2900 1800 - 2500 2200 - 3500 1500 - 2500 7500 - 10000 5500 - 7400 4200 - 5000 200 - 350 1200 - 2000 800 - 1000 2800 - 3800 2500 - 3400 4500 - 5200 3500 - 4500 3800 - 6500 4500 - 5000 2200 - 2900 3200 - 4000 1400 - 2200 250 - 500 5000 - 7000 4000 - 6500 2000 - 2500 300 - 450 4800 - 6000 2450 - 2800 2500 - 4000 1800 - 2800 1500 - 3000 3000 - 4200 2700 - 4500 3500 - 5000 3000 - 4800 2000 - 2500 2500 - 3200 3500 - 6000 2200 - 3300 2500 - 3500 300 - 800 1700 - 1900 3400 - 4500 200 - 1500 4500 - 6500 3000 - 4500
2000 - 3500 6500 - 8000 4500 - 6000 1800 - 3000 4500 - 6500 3000 - 3500 2400 - 3400 3200 - 4200 3500 - 4000 8000 - 18000 6000 - 8000 4500 - 8000 300 - 600 2200 - 2800 1200 - 2800 5000 - 6800 3300 - 4000 4800 - 7000 4500 - 6000 5400 - 7000 9000 - 10000 3500 - 4500 5500 - 6000 1200 - 1500 400 - 750 9000 - 11000 5500 - 9000 2400 - 3000 400 - 600 7000 - 14000 3100 - 3450 6000 - 8000 2500 - 4000 2500 - 3200 4500 - 6000 8000 - 10000 8000 - 11000 5000 - 7500 2200 - 3000 4000 - 5500 8500 - 12000 6500 - 8500 3000 - 4500 500 - 1200 1800 - 2100 4500 - 8500 800 - 2000 5500 - 8000 5000 - 7000
HYDERABAD
LAND RATES S.No
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 77 78 79 80 81 82 83 84
AREA
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 Somajiguda Srinagar Colony Srisailam Highway Suchitra Tarnaka Tolichowki Trimulgherry Uppal Vidya Nagar West Maredpally
RESIDENTIAL (Rs/sqft)
COMMERCIAL (Rs/sqft)
3300 - 3800 2500 - 2900 1800 - 2500 2200 - 2800 2200 - 3000 3000 - 4000 2800 - 3900 1800 - 3400 3400 - 4200 3500 - 4500 1600 - 2800 1800 - 3600 1800 - 3000 2400 - 3000 2800 - 3000 2200 - 2800 3700 - 4200 2000 - 2500 2200 - 2500 3550 - 4350 2000 - 3500 2500 - 3200 1200 - 2000 2200 - 3000 2400 - 3700 2000 - 2950 4200 - 5700 2500 - 2900 2000 - 3500 3000 - 4000 3500 - 5800 2500 - 3500 2000 - 2500 2500 - 5500 4000 - 5500
3200 - 4000 5500 - 7000 2200 - 3200 2500 - 3200 3400 - 4000 3400 - 3800 4000 - 5500 2800 - 3500 4000 - 6000 8000 - 15000 2200 - 3000 3500 - 5200 3500 - 4500 2800 - 4000 3500 - 4500 4500 - 6500 4500 - 6000 3000 - 4200 2800 - 3500 4500 - 6000 3500 - 4800 3200 - 4000 1500 - 2500 2800 - 3500 4000 - 5150 7250 - 8500 4500 - 6500 2800 - 3500 3500 - 5000 5000 - 6000 4000 - 6400 4000 - 5400 3000 - 4000 4500 - 7500 5000 - 7000
RESIDENTIAL (Rs/sqft)
COMMERCIAL (Rs/sqft)
RETAIL (Rs/sqft)
3400 - 5000 6500 - 9000 2800 - 4000 3000 - 3800 2800 - 4500 5500 - 6000 5000 - 7800 2000 - 3000 3500 - 7000 10000 - 16000 2500 - 3500 4500 - 5800 4000 - 5200 3000 - 4500 3500 - 4600 9000 - 11000 3200 - 6000 3800 - 4800 3000 - 4000 3500 - 7000 3200 - 5800 8000 - 10000 2500 - 2800 3500 - 4500 4500 - 6400 7000 - 12500 5200 - 7000 2500 - 3000 3800 - 6000 6000 - 6500 6500 - 8400 4500 - 8000 7500 - 9000 6000 - 8600 6500 - 8000
OPEN LAND RESIDENTIAL (Rs/sqft)
2400 - 3500 4200 - 4800 1200 - 3000 1400 - 2100 1500 - 3500 2100 - 3000 4000 - 5800 1500 - 2800 2500 - 3800 3800 - 7000 200 - 1000 1500 - 3000 3800 - 4400 1800 - 3500 2500 - 3300 6000 - 7200 3000 - 5000 1200 - 2200 1200 - 2000 3400 - 5500 1800 - 3500 6400 - 7500 200 - 650 1800 - 2500 300 - 550 3500 - 5600 2800 - 3500 100 - 300 2300 - 3500 2800 - 3700 1800 - 2700 2600 - 3500 4800 - 5500 4000 - 5200 3200 - 3500
COMMERCIAL (Rs/sqft)
3000 - 3800 5500 - 7000 2400 - 4000 1800 - 2500 3200 - 4000 2200 - 6500 5500 - 7000 1800 - 3000 3500 - 4200 10000 - 14000 800 - 1400 2500 - 4000 4000 - 7500 3000 - 4200 3200 - 3800 7000 - 7800 6000 - 7400 2400 - 3500 1500 - 2300 6500 - 8000 4000 - 6500 9000 - 12000 800 - 1600 2300 - 3800 1500 - 2100 6500 - 12000 3700 - 5200 300 - 400 3800 - 5500 6000 - 8000 3500 - 6500 3500 - 5500 5000 - 7800 6800 - 10000 3400 - 4000
VISAKHAPATNAM S.No
01 02 03 04 05 06 07 08 09 10 11 12 13
AREA
Achutapuram Anandapuram Akkayapelem Beach Road CBM Compound Duvvada Dwarakanagar Gajuwaka Jagadamba Junction Kurmannapalem Maddilapalem Madhurawada Maharanipeta
1200 - 2000 2500 - 3800 2500 - 3500 3200 - 4500 2500 - 3600 1000 - 1300 3500 - 4000 1700 - 2800 1800 - 3500 1900 - 2400 2000 - 3500 2200 - 3500 1000 - 1800
1800 - 2200 2800 - 4500 3500 - 4000 4000 - 5000 3500 - 4500 1200 - 3000 4000 - 5300 2500 - 3500 3000 - 4500 2500 - 3200 3000 - 4000 3200 - 4000 2000 - 2500
RETAIL (Rs/sqft)
2500 - 3000 3000 - 4000 4000 - 5500 4500 - 5200 4800 - 6000 2800 - 3500 6500 - 7500 8000 - 12000 3500 - 5000 3500 - 4000 3500 - 4200 3500 - 4500 2800 - 3200
OPEN LAND RESIDENTIAL (Rs/sqft)
300 - 500 400 - 650 4400 - 5500 300 - 500 4400 - 5600 500 - 1500 5500 - 6000 700 - 1500 2500 - 3700 400 - 800 1200 - 1600 1800 - 2400 4500 - 5500
COMMERCIAL (Rs/sqft)
450 - 700 700 - 1000 5500 - 6800 750 - 1000 5500 - 6800 800 - 2000 6000 - 12000 1800 - 2500 3500 - 5000 750 - 1200 1500 - 2500 2200 - 2800 5000 - 6000
LAND RATES
VISAKHAPATNAM S.No
14 15 16 17 18 19 20 21 22 23 24 25 26 27
AREA
Marripalem Murali Nagar Narsimhanagar HWY NAD Junction PM palem Pedawaltair Pendurthi Sheelanagar Seethammadhara Siripuram Simhachalam Thagarapuvalasa Visalakshinagar Yendada
RESIDENTIAL (Rs/sqft)
COMMERCIAL (Rs/sqft)
2800 - 4500 2800 - 4000 2500 - 3800 2000 - 2700 1500 - 2200 1500 - 2200 2500 - 3000 1500 - 2200 3000 - 4200 3800 - 4500 2000 - 4500 1500 - 1800 2800 - 3700 1800 - 3000
4000 - 6000 4200 - 6000 4500 - 5500 2800 - 4000 2000 - 3000 3000 - 4500 3200 - 4000 2000 - 2800 3500 - 4800 3700 - 4500 4000 - 5000 2000 - 2500 3500 - 4000 2800 - 4000
RESIDENTIAL (Rs/sqft)
COMMERCIAL (Rs/sqft)
RETAIL (Rs/sqft)
5200 - 6200 5000 - 6200 5000 - 6000 3000 - 3500 2800 - 3500 4000 - 6000 4300 - 5000 2500 - 3000 3800 - 6000 4200 - 5000 4500 - 5200 2200 - 3000 4200 - 4500 3500 - 4200
OPEN LAND RESIDENTIAL (Rs/sqft)
1000 - 1500 5000 - 5800 3000 - 4500 1800 - 2200 1500 - 2000 5000 - 6200 300 - 500 1800 - 2800 4000 - 4500 1500 - 2500 500 - 1000 250 - 350 1800 - 2200 1000 - 1800
COMMERCIAL (Rs/sqft)
1800 - 2500 5500 - 6000 4600 - 5000 2500 - 3000 2500 - 3200 9000 - 12000 400 - 1000 3300 - 4500 5500 - 6800 3000 - 5500 1200 - 1500 500 - 1000 2500 - 3000 1500 - 2500
BENGALURU S.No
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
AREA
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
1900 - 2700 2600 - 3700 2000 - 4000 2600 - 3700 2000 - 5400 6000 - 10000 3500 - 6500 1500 - 5200 3500 - 5500 3500 - 7000 5000 - 9500 1900 - 3500 4500 - 11500 2000 - 3000 2100 - 5700 2700 - 3400 2200 - 2800 2000 - 4000 8000 - 11000 5000 - 6500 2000 - 5000 2300 - 3000 2600 - 3700 1700 - 2200 7100 - 10000 3500 - 7500 2500 - 4000 7500 - 12000 1900 - 2300 16000 - 17800 3000 - 6000 5000 - 10000 1700 - 2200 7000 - 9000 3400 - 12000 3400 - 12000 2200 - 3500 2400 - 4000 2900 - 4550 2600 - 5400
2500 - 4400 3500 - 4500 3500 - 5400 3500 - 4200 4200 - 6000 9500 - 14500 5500 - 7000 5000 - 5500 4500 - 6000 5500 - 8000 7000 - 10000 3000 - 4200 4500 - 6400 2800 - 3400 5000 - 8500 3200 - 4500 3000 - 4200 3800 - 5400 7500 - 14000 6000 - 9500 4500 - 5500 3500 - 4500 3500 - 5000 2000 - 4500 9000 - 12500 4000 - 8500 3500 - 4500 8000 - 14000 2400 - 3200 16800 - 20000 5500 - 7800 7800 - 9400 2500 - 3500 3200 - 6900 5000 - 10000 5000 - 10000 3200 - 4200 3500 - 6000 4500 - 6200 5800 - 6500
RETAIL (Rs/sqft)
4000 - 6000 4200 - 5000 4800 - 6000 4500 - 6200 5500 - 6500 14000 - 16500 5000 - 6800 6000 - 6400 4800 - 6500 6000 - 9000 9000 - 12000 4000 - 5800 6000 - 7400 3200 - 4000 6800 - 8500 4200 - 5600 4500 - 5800 5000 - 7000 13500 - 15000 9000 - 11000 5000 - 6000 5000 - 6200 5700 - 6500 4000 - 6200 11000 - 14000 5000 - 9000 4200 - 5000 12500 - 16000 3000 - 4500 19500 - 24000 7000 - 9000 10000 - 12500 4200 - 6000 5500 - 7000 5500 - 11000 5500 - 11000 4000 - 4800 5400 - 7500 6450 - 7200 6200 - 8000
OPEN LAND RESIDENTIAL (Rs/sqft)
COMMERCIAL (Rs/sqft)
7500 - 10000 2200 - 2800 1050 - 1400 3500 - 4500 5000 - 7500 13500 - 14000 3000 - 4200 3000 - 4200 1000 - 2500 5500 - 10000 3000 - 10000 2500 - 4000 7500 - 11000 2500 - 3500 3000 - 6000 1500 - 2400 1600 - 2500 300 - 750 9200 - 12000 6800 - 8200 2800 - 3800 6500 - 8000 3000 - 5300 600 - 2500 9000 - 11500 4800 - 7500 2000 - 3200 9200 - 15000 3500 - 5500 8000 - 12000 800 - 2900 9500 - 12500 4500 5200 3000 - 4500 4500 - 9000 4500 - 9000 4500 - 6000 3800 - 4500 2950 - 3750 3800 - 4600
9500 - 15000 2500 - 3500 1500 - 2500 4200 - 6000 6800 - 8500 14500 - 16000 4000 - 6500 4000 - 4650 3500 - 6500 6500 - 11000 5800 - 12000 3500 - 5500 10000 - 15000 4000 - 6000 4500 - 5800 2600 - 3800 2800 - 4600 1000 - 1500 12500 - 15500 8500 - 12000 3500 - 6000 7000 - 8500 5500 - 7000 2200 - 3000 10000 - 13500 5000 - 8500 3000 - 4000 13500 - 18000 6000 - 6800 9000 - 14500 5800 - 8500 10000 - 14000 5000 - 6400 4700 - 6000 5000 - 12000 5000 - 12000 5500 - 7000 4200 - 5500 4200 - 5000 6000 - 8000
CMR
CURRENT MARKET RATES RATES AS ON 28.12.2012 ( Rates are subject to minor change as per market conditions)
CEMENT ULTRATECH CEMENT 53Grade Cement weight : 50 Kgs Market Price/ Bag: Rs. 250 AMBUJA CEMENT 43 Grade Cement weight : 50 Kgs Market Price/ Bag: Rs. 241 RAASI CEMENT 43Grade Cement weight : 50 Kgs Market Price/ Bag: Rs. 222 BHARATI CEMENT 53Grade Cement weight : 50 Kgs Market Price/ Bag: Rs. 242 SRI HANUMAN STEEL TRADERS :- #9-7-355, Maruti Nagar, Champapet, Hyderabad. Ph: 9948696021 / 9346936977
STEEL Size : 6mm Per Tonne : Rs. 40,000 Size : 8mm Per Tonne : Rs. 44,000 Size : 10mm Per Tonne : Rs. 43,200 Size : 12mm Per Tonne : Rs. 42,000 Size : 16mm Per Tonne : Rs. 43,200 Binding Wire Per Kg : Rs. 65 GANESH STEEL TRADERS :- Opp. Andra Yuvathi Mandali jr. College, Beside HP Gas Godown, Barkathpura ‘X’ Roads, Narayanguda Flyover Road, Hyd-27. Ph: 040-27567732 / 9246597732
PAINTS 1) Asian Paints ACE EXT Emulsion 20 Litre Rs. 2328 2) Asian Paints Apex Ext Emulsion 20 Litre Rs. 3905 3) Asian Paints Premium Emulsion 20 Litre Rs. 4125 4) Asian Paints Tractor Emulsion 20 Litre Rs. 4900 5) Asian paints P. Gloss Enamel 20 Litre Rs. 3430 PAINT HOUSE :- # 1-5- 459/1&2, Jambagh, Hyderabad-95. Tel:040-32008787 / 9394478787.
BRICKS Light Weight Brick : Heavy Weight Brick :
Rs. 4.00/ Brick Rs. 3.20/ Brick
SAND Vijayawada Sand :
Chirala(Silt) Medium Filter Sand (12-13 Ton/load) : Red Sand : Murhum Filling (Big Truck) :
Rs. 1400 / Tonne Rs. 1300 / Tonne Rs. 8500/ Truck Rs. 3500/ Truck Rs. 1400/ Truck
METAL Size : 20mm Size : 25mm
300 Sft 200 Sft 300 Sft 300 Sft 100 Sft
Rs. 6600 / Truck Rs. 4000 / Truck Rs. 6500 / Truck Size : 40mm Rs. 6900 / Truck Size : 60mm Rs. 2000 / Truck Stone Blocks Rs. 16 / Block SRI GANESH BUILDING MATERIALS SUPPLIERS :- DMRL X Road, Pochamma Gadda, Phisal Banda, Hyderabad. Ph: 9908900730 / 9394468123
MARU ELECTRICAL ACCESSORIES MIRACLE MODULAR Code 026 028 029 031 032 033
Description Rs Per Pc. INDICATOR / 6A. SOCKETS Indicator 19.00 2 Pin Socket 17.00 2 Pin Conv. Socket 24.00 2 in One Socket 27.00 2 in One Socket(Two 2 Pin) 28.00 2 in One Socket (Two 2 Pin Conv) 21.00
PKG 20 20 20 10 10 20
ACCESSORIES 10 A. Kit-Kat Fuse 30.00 20 16 A. Kit-Kat Fuse 39.00 20 T. V. Socket (Switch) 26.00 20 2 - L. Tel. Jack (Switch) 45.00 20 2 x 2 - L. “ (Socket) 70.50 20 6 A. S. S.COMBINED (With J. Box) 043 F.T. 2 In One S. S. Comb. 52.00 10 044 Sur. 2 In One S. S. Comb 65.00 10 080 F.T. 2 In One S. S. Comb. 71.00 10 Standard Electricals.5-1-546/ 1 & 2, Beside Narsing Lodge, Troop Bazar, Hyd-500195. Contact: 040-24613159 / 65588570 034 035 036 040 015
Blue Apple Club Plywood ( IS: 710) 100% Gurjan 19mm Rs. 85/Sft. 12mm Rs. 55/sft 9mm Rs. 46/sft 6mm Rs. 37/sft Blue Apple Corporate Plywood (IS: 303) BWR Grade 19mm Rs. 67/sft 12mm Rs. 48/sft 9mm Rs. 38/sft 6mm Rs. 29/sft Blue Apple Plywood ( IS: 303) MR Grade 19mm Rs. 53/sft 12mm Rs. 38/sft 9mm Rs. 35/sft 6mm Rs.27/sft Project PLY (IS: 303) Hardwood MR Grade 19mm Rs. 45/sft 12mm Rs. 35/sft 9mm Rs. 32/sft 6mm Rs.25/sft BHARAT PLY ZONE D.No. 7-1-237/2, Near Yellama Temple, Balkampet, Hyderabad-500016. Phone: 040-65511155 / 9550362630. Email: blueappleplywood@gmail.com GLASS Texture Acid Work 85 Rs/Sft Acid & Air Brushing Work 375 Rs/Sft Bevel Fusion Work 440 Rs/Sft Crystal Acid Work 410 Rs/Sft Air Brushing Work 360 Rs/Sft Etching Work 30 Rs/Sft Reverse Etching Work 79 Rs/Sft White Acid / N.R. Work 75 Rs/Sft 12mm Clear Glass Per Sft 100/- 10mm Clear Glass Per Sft 85/8mm Clear Glass Per Sft 65/6mm Clear Glass Per Sft 45/5mm Clear Glass Per Sft 38/4mm Clear Glass Per Sft 32/NISA GLASS CENTER #1-3-379/182,SRT-58, Ashoknagar Exten, Victoria Café Lane, Jawahar Nagar, Hyd. Phone: 040-27608282 / 9347828280
Fitch itch: Govt not worried over ratings downgrade
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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
Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 47
Cleaning of water bodies in the City
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New Lakdi-ka-pul flyover doesn't promise smooth ride
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HUDCO to fund low-cost housing, infra projects
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Bangalore wakes up to group property buying
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BUYERS OF LAYOUTS, BEWARE - in VIZAG
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GHMC fails to meet desilting work deadline
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were forged and fake documents were made for building permissions, which were released by former sarpanch Laxmamma and bill collector V Ramulu Officials said as of now property tax collection from buildings in Manikonda is about Rs 23 lakh, while the original demand from all the buildings, including the unauthorized ones would be Rs 5 crore. The panchayats have not been collecting tax from builders on the pretext of shortage of manpower. Interestingly, the officials have even raised doubts that many permitted buildings were not assessed by the panchayats. Sources said building rules permit assessment of illegal buildings for collection of
More illegal houses come to light Forgery of Documents, Property Tax Evasion Rampant In Manikonda More irregularities pertaining to unauthorized constructions in Manikonda and Poppalguda gram panchayats have come to light in the fresh probe launched by officials into structures that came up in these villages in the re-cent past. Several in buildings were not assessed for property tax, while some structures (ground and three floors) were constructed with forged signatures. Manikonda panchayat secretary Mohan Rao had even filed a complaint with the Rayadurg police alleging that his signatures
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Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 55
granted so far," Manikonda special officer KV Raghava Chary told TOI on Thursday. 'A doorto-door survey is being taken up by Poppalgracia parichayat by forming eight special teams to check whether builders/ property owners have building permission released by grampanchayat or Hyderabad Metropolitan Development Authority (HMDA)," Raghava Chary said. Interestingly, Manikonda and Poppalguda Builders' Association has blamed parichayat officials for not assessing properties. "We agree that there are about 1,000 illegal buildings in the jurisdiction of Manikonda and Poppalguda panchayals. We have been asking the panchayats to carry out assessment
property tax after levying an additional tax by taking an affidavit from property owners that the property tax payment does not give any legal right to them. Thought there were clear directions from the government, Manikonda panchayat officials had not been assessing the illegal building & The Greater Hyderabad Municipal Corporation (GHMC) has been assessing illegal buildings and even collecting 25% additional tax from property owners for the past few years. '`The panchayat has no data on how many building permissions were given in Manikonda since 2006. Now, an exercise has been taken up to check all files and documents to arrive at the number of building permissions C
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for collection of property tax, but they have been ignoring our pleas," A Kalyan, president of Manikonda and Poppalguda Builders Association, said, "Since many structures were raised and people even occupied them, we request the state government to regularize the illegal buildings by collecting some penal amount on the lines of the Building Penalisation Scheme. A representation will be submitted to municipal minister M Maheedhar Reddy soon," Kalyan added.
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New hope for owners of illegal buildings in Hyderabad At a time when civic bodies are hesitantly pulling down illegal constructions in the city, a special provision has been made in the Hyderabad Metropolitan Region (HMR) master plan to regularize unauthorized structures. The new master plan bestows on metropolitan commissioner of Hyderabad Metropolitan Development Authority ( H M DA ) t h e p o w e r t o r e g u l a r i z e unauthorized buildings, which were constructed without the permission of the authority in its jurisdiction. However, it
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Municipal Corporation (GHMC) and Hyderabad Metropolitan Development Authority (HMDA) have been struggling to clear pending BPS applications even four years after the scheme was announced. Though applications for regularization were considered for constructions that came up before December 2007, unauthorized structures continue to come up unabated.
comes with a rider that the construction should be as per the prescribed rules and regulations and property owners would have to pay penal amount and other charges as prescribed by the metropolitan commissioner. People, who have been protesting the Building Penalization Scheme (BPS), are worried about the provision for regularizing illegal constructions. Interestingly, there is no specification whether regularization would be done irrespective of size of plot and height of the structure. Both the Greater Hyderabad C
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Office space absorption falls in Bangalore as IT demand weakens
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High-rises are the major tax evaders in Bangaluru
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Subscribe Real Estate Bulletin For Rs. 400 Only, Yearly (12 Issues) Feb 2013 I Twin Cities REAL ESTATE BULLETIN I 59
Pollution touches hazardous levels in Visakhapatnam
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Registrar of Newspapers for India Regd No. 52787/1991
Postal Regd No.HD/1168/2012 Date of Publication 1st to 28th Feb-13