Hyderabad realty set for revival

HYDERABAD: The Hyderabad real estate market, which has been in limbo for years mainly due to the Telangana statehood agitation, is beginning to see green shoots, thanks to renewed interest from realty players outside the city who find land here cheaper.

While Bengaluru-based realty players such as Brigade, Mantri, Embassy and Prestige are among those who either launched their projects recently or are firming up land deals, many other non-local realtors are in the process of doing so, says property consultants. 

"The entry of outstation players into the Hyderabad real estate market, both for residential and commercial projects, is an indication of the improving market scenario here," said Sandip Patnaik, Hyderabad managing director of property consultant Jones Lang LaSalle (JLL). Barring one or two non-local players, no new player entered the Hyderabad market owing to the sluggishness in 2009-14, he said. 

Read more at:  The Economic Time 

Hyderabad | Gadkari assures big boost for highways in TS

HYDERABAD, JANUARY 4:  

Union Road Transport and Highways Minister Nitin Gadkari today announced a number of road projects with a total outlay of over Rs. 40,800 crore, including two expressways from Hyderabad to Bangalore and Amaravati.

A detailed project report for development of Expressways between Hyderabad and Bangalore (550 km) and Hyderabad and Vijayawada (Amaravati 270 km), with potential investment outlay of Rs. 16,000 crore will soon be prepared. Apart from that about Rs. 25,000 crore would be invested in development of highways in the State, he said.

Speaking to reporters here today, the Union Minister said that the Centre was open to considering more projects if proposed by the State, in addition to some of the already under consideration projects. He said that the investment number is yet to be finalised as this could go up depending upon other proposals.

Gadkari, who had a luncheon meeting with the State Chief Minister K Chandrasekhar Rao, assured him all necessary support in taking up more highway projects in the State.

Responding to TS Government request to support the development of inland waterways, Gadkari said that the NDA Government was keen on development of waterways and assured to look into the proposals made by the State. A dry port is under consideration for development in Telangana.

The Centre was considering a multi-modal hub on Godavari, which will have a dry port, national highway network connectivity and inland waterway connection.

He was in Telangana to formally lay the foundation stone for four-lane highway project between Yadadri and Warangal section of national highway and inauguration of a major bridge across river Godavari on Hyderabad-Bhoopalapatanam section of National Highway 163 at Madikonda village of Warangal.

Source :  Businessline 

Hyderabad leads in office space absorption among top eight cities

Hyderabad leads in office space absorption among top eight cities 

BENGALURU: Hyderabad recorded the highest office space absorption among the top-eight cities in the country in the third quarter of 2015, according to property consultant Cushman & Wakefield, as political stability in the region saw more corporates sign property deals. Net absorption of office space in the city was recorded at 24 lakh sq ft, while commitments were at 3.85 lakh sq ft, the highest office space net absorption witnessed after the formation of Telangana and the highest since 2008 .. 

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