Now over supply of residential projects see another 10 percent fall in price

In a report by CRISIL, the actual demand for residential property is 506 million sq ft but there is an estimate of 1,202 million sq ft to be built by 2009-11 and this over supply may lead to another 10% fall in home prices. Crisil report claims that due to global recession, fears of job loss and slowing growth in the...

For more details: http://propertydirect.in

NHB RESIDEX - Tracking the property prices in India

The first thing Indians would do if they have investable money is to look for a house in their hometown or a city of their choice.Unlike in developed countries India did not have a proper home price index to follow the price movements till now. The National Housing Bank(NHB), was entrusted by the Finance Ministry, Govt of India to develop...

For more details: http://propertydirect.in

MAYTAS Hill County Saga- Buyers stopped entering premises

Adding insult to injury, the victims of the scam hit Maytas Properties Limited Hill county project were prevented entering premises. Members of the Hill County Owners Association gathered at the gate as they were stopped from entering the premises on Sunday morning. Concern on further delay The association expressed...

For more details: http://propertydirect.in

Good NEWS for BRS petitioners

The division bench comprising Justice V. Eswaraiah and Justice Vilas Afzulpurkar of AP High court declared that the Building Penalization Scheme introduced by the government was not unconstitutional. The bench in its verdict said that while regularizing the deviations, the authorities cannot compromise deviations with regard to open space...

For more details: http://propertydirect.in

Lowering profit margins, fast delivery time and many more to woo buyers

The scenario changing from luxury housing segment to mid-income housing, developers charting out new strategies to attract buyers of low-cost housing market. Keeping low margins on profit levels and also Reducing the construction cost by importing goods like sanitaryware and fittings from countries such as China, Malaysia, Pre fabricated...

For more details: http://propertydirect.in

Cash crunch real estate firms raise working capital through share sales

Realtors focus shifting to mid-income and low-cost housing, now real estate firms are seeking share sales to meet working capital needs.Further price correction will bring back efficiencies into the real estate market sales, because until the prices come down, the buyer will not be motivated to come forward to purchase property , say indu...

For more details: http://propertydirect.in

HOME DECOR 2009 from 12th to 15th June 09

Mr.S.Prabhakar Reddy, Commisioner of police Cyberabad, today inaugurated HOME DCOR 2009 in Hitex, Novotel (HICC), Kondapur. At Home dcor you'll find Furniture and furnishing, modular kitchen,art and handicrafts,landscaping,garden roofing systems and many more. This exhibition is open 12th thro? 15th June 2009,between 10am to 9pm...

For more details: http://propertydirect.in

Now mid-income housing from Hyderabad Metropolitan development agency (HYMA)

In private partnership, HYMA is planning to venture into hi-rise apartment and build affordable housing in Miyapur and Jawaharnagar, targeting mid-income groups. Building activity will be through contact agency who will execute the project, where HYMA will provide land of 80 acres in Miyapur and 100 acres of land in Jawaharnagar...

For more details: http://propertydirect.in

Home loan rate cut is imminent

With economy showing signs of improvement and finance minister goading public sector banks to reduce the home loan interest rates, now the bankers are seriously pondering over the extent of the reduction and timing. If economy has to grow even at 6 to 7%, real estate sector got to be stimulated sooner than later.The largest bank in the...

For more details: http://propertydirect.in

Affordable Housing should be given priority

The real estate turmoil certainly brought up key facts to the limelight, though a healthy change for the industry and society, i.e. to focus on affordable housing. For the last one decade or so the real estate players had been focusing on the luxury homes to create a brand value for themselves. Barring a very few builders and government fund...

For more details : http://propertydirect.in

PVR Expressway, HMDA may miss deadline again

The prestigious PVR Expressway, stated to be as the longest elevated expressway in India, offering main connectivity between Hyderabad main city and the airport at Shamshabad is facing serious funds shortage. The hapless Hyderabad Metropolitan Development Authority (HMDA) now looking for help from the government to complete the project...

For more details: http://www.propertydirect.in

Infrastructure widening to give Hyderabad a makeover

New infrastructure plan for Hyderabad is proposed to complete makeover to the city roads by HMDA. This new master plan suggests the new road widths, land use changes, ground level position like open spaces, parks, hospitals and schools. This plan will make way for over 100 to 120 feet wide roads in HYDERABAD, transforming it to a new city...

For more details: http://www.propertydirect.in

News on realestate in Hyderabad and AP

GHMS seek LRS to be extended for another two months Posted: In an attempt to clear applications of Building Penalization Scheme (BPS) and Layout Regularization Scheme (LRS) together, GHMC is planning to put a proposal to government to extend the LRS clearance for two more months, since there are applicants who have filed for both schemes and regularization of buildings under BPS cannot be taken up...

HMDA Miyapur bid finds partners Posted: Proposal for building residential, commercial and recreational facilities in 105 acres land in Miyapur (near Dr. Reddy?s Laboratories) on joint model basis under Public Private Partnership mode with Hyderabad Metropolitan Development Authority (HMDA), four construction companies showed interest. Aditya Constructions, SBPL Infrastructure...

Fears of housing beneficiaries allayed Posted: The members of Rajiv Gruhakalpa Association will visit the construction works of housing units in the city on June 26. They allayed fears of the beneficiaries, who have not received notices under Rajiv Gruhakalpa so far. The members said AP State Housing Corporation general manager K. Ramachandra Murthy assured to look into the matter and...

Biotech SEZs are planned near Andhra and Karnataka border. Posted: In a step to attract Bangalore-based companies in Andhra Pradesh, The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has firmed up plans to develop a 70-acre Biotech Special Economic Zone near Hindupur in Anantapur district,in close proximity to the Bangalore International airport. Another biotech park is being planned out...

FUTURE into Real estate business Posted: Future Group to step into real estate business along with Kolkata-based developer Sumit Dabriwal and has signed 50:50 joint ventures for building ready-to-move-in houses targeting young, working class who look for branded housing at affordable pricing in all major metros as per the initial plans. This step to enter into real estate was ...

Times Property square-Real estate consultants show Posted: In association with Andhra Pradesh Realtors Association (APRA), Times property is organizing real estate consultants show at its office Times house in Banjara hills, Hyderabad on 27th and 28th June 2009. This show is aimed to provide information for property seekers on queries related to buying, selling, leasing, property management, advi...

Metro Rail Project: A Realty dream Posted: Latest update on the Metro rail project in Hyderabad is that Maytas infra ltd failed to provide necessary funds to start the project as per the schedule and asked for another six months extension, but government of Andhra Pradesh may deny further time frame to Maytas consortium and execute the project with help of central government fundi...

Ramky Estates announces new residential project in Kukatpally, an Oasis of luxury Posted: Ramky Estates and Farms ltd launched Luxury Villas project in the name Ramky Pearl in Kukatpally, Hyderabad. This venture is in Satavahan colony which is 700 meters from Old Bombay main road and another land mark is a lane next to Kalamandir in Kukatpally Housing board (KPHB). This is a GHMC approved layout, with 240,290,380...

Planning for Special counter at GHMC offices for clearing BPS applications Posted: Melas to be conducted by GHMC in its 18 municipal circles from June 23 till 25 2009, to clear building penalization scheme (BPS) files. They will set up special counters in GHMC offices which operate for 8am to 8pm on these days. Information to public about proceedings will be put in the circle/zonal office notice boards and also in the...