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KCR promises to make Hyderabad most happening city
Hyderabad: Promising to turn Hyderabad into the most happening city in the country, Telangana Chief Minister K Chandrasekhar Rao Friday announced that 1,000 km long world-class roads will be laid in the city at a cost of Rs 10,000 crore.
Announcing series of measures to develop the city and ease congestion, he said an east-west road corridor with four lanes would be developed between Vanasthalipuram and Ramachandrapuram. "Similarly a corridor will be developed between north and south," he said.
KCR, as the chief minister is popularly known, was speaking at the inauguration of Hyderabad property show organized by Confederation of Real Estate Developers' Association of India (CREDAI) here.
He announced restoration of rain water drains by removing the encroachments to permanently solve the problem of flooding of roads and residential colonies during rainy season.
He said four lakh LED lights would replace the existing street lights in the city.
The chief minister said another outer ring road would be developed with satellite townships and specialized clusters like pharma city, sports city, health city and cinema city.
KCR, who visited Singapore and Malaysia last week, said global consultants would be hired to prepare a new master plan for Hyderabad keeping in view its requirements especially with the development of Information Technology Investment Region (ITIR).
The chief minister vowed to make Hyderabad the best place for the industry with single window clearance system, which he said would be zero-graft and the best in the world.
Stating that Hyderabad has many advantages, KCR said he had no doubt that it would soon grow faster than any other city in the country.
The chief minister also promised to bring a single window system to give all clearances for real estate projects. "We will introduce a bill in the next session of the Assembly," he added.
Source: Zee News August 29, 2014
Hyderabad will be most liveable city, KCR tells investors in Singapore
Chief minister K Chandrasekhar Rao on Friday assured potential investors in Singapore that his goal was to create a 'plug-and-play' environment in Telangana where investment proposals would be fast-tracked through an automatic approval system.
Addressing the IIMPACT 2014 global meet in Singapore, Chandrasekhar Rao said that his government would enact laws to ease issues related to industrial land zoning policy and automatic approval system. "Most of the industrial parks will be located within a 100 km radius of Hyderabad," he said and added that his government recently decided that all existing and future irrigation projects would set aside 10 per cent of available water for industries.
The chief minister said that his government's goal was to make Hyderabad the most liveable city in India by offering better incentives to investors than those offered by other states.
Addressing the IIMPACT 2014 global meet in Singapore, Chandrasekhar Rao said that his government would enact laws to ease issues related to industrial land zoning policy and automatic approval system. "Most of the industrial parks will be located within a 100 km radius of Hyderabad," he said and added that his government recently decided that all existing and future irrigation projects would set aside 10 per cent of available water for industries.
The chief minister said that his government's goal was to make Hyderabad the most liveable city in India by offering better incentives to investors than those offered by other states.
Referring to the burgeoning population of Hyderabad which he said was expected to grow from the present 1.2 crore to 20 crore in the next five years, Chandrasekhar Rao said a master plan was being developed to meet the challenges posed by such growth. He pitched this potential growth to investors as opportunities to invest in projects dealing with smart city concepts.
Earlier in the day, a high-level government team led by Chandrasekhar Rao met Singapore's police commissioner and other senior police officials and discussed the functioning of the police force there. Of special interest to the Telangana government was the security and surveillance systems in Singapore about which the visiting dignitaries were briefed by Singapore police chief, according to a press release from the chief minister's office. It may be recalled that the chief minister recently announced the setting up an extensive closed circuit television camera network in Hyderabad to monitor and control traffic and to ensure law and order in the city.
On Thursday evening, the chief minister took part in Telangana state formation festivities organized by local residents who hail from Telangana. Chandrasekhar Rao congratulated the diaspora for joining hands and making the formation of the new state possible.
Earlier in the day, a high-level government team led by Chandrasekhar Rao met Singapore's police commissioner and other senior police officials and discussed the functioning of the police force there. Of special interest to the Telangana government was the security and surveillance systems in Singapore about which the visiting dignitaries were briefed by Singapore police chief, according to a press release from the chief minister's office. It may be recalled that the chief minister recently announced the setting up an extensive closed circuit television camera network in Hyderabad to monitor and control traffic and to ensure law and order in the city.
On Thursday evening, the chief minister took part in Telangana state formation festivities organized by local residents who hail from Telangana. Chandrasekhar Rao congratulated the diaspora for joining hands and making the formation of the new state possible.
Source: Times of India, Aug 23, 2014
-- E-commerce major Amazon to build facility in Hyderabad
Business Line : August 13, 2014
Global e-commerce major Amazon has said it will build a 1.6-million square feet centre in Hyderabad for its biggest facility outside of its corporate headquarters in Seattle.
The move comes two weeks after its Chief Executive Officer Jeff Bezos announced investment of $2 billion in India.
The Hyderabad facility, which is expected to come up on 10 acres at Gachibowli (which has IT giants like Microsoft and CA Tech), will house 12,500 employees and be ready by 2018. The company, with offices in nearby Madhapur, is currently applying for statutory permissions such as fire and environmental clearances to begin work on the project.
“We are waiting for statutory permissions. The moment we receive them we will begin work. We hope to complete the project by 2018. It will be taken up in phases,” John Schoettler, Director (Global - Real Estate and Facilities) of Amazon, who led a delegation which met Telangana IT Minister K Taraka Rama Rao, told BusinessLine here.
Confirming the development, a senior Government official told this paper that the State has given a few permissions like fire. “It will come up in 10 acres and we hope it will boost the Brand Hyderabad. We have assured all the help from our side,” the official said.
It is however, not clear whether the existing office also will move into the upcoming facility. John Schoettler visit to India assumes significance, especially in the backdrop of the big ticket investments announced by Jeff Bezos.
Hyderabad Metro Rail's track tests surprise citizens
L&T begins 'Test Run' of Hyderabad metro trains
Source : The Hindu Business Line, Aug 7, 2014
L&T Hyderabad Metro Rail Limited has begun test runs on a small stretch from its Uppal depot to Secunderabad section.
The concessionaire L&T expects to commission first stretch of 8 km of the 72-km elevated metro project by March 2015. Once the trial runs are completed, it will take up detailed tests of the rail network.
The Rs. 16,000-crore project seeks to decongest three dense corridors in the twin cities of Hyderabad and Secunderabad. The work on various stretches is now underway, including construction of depots and metro stations in the phase one of the project.
The tests were conducted in the evening today. There was no formal announcement. For those who witnessed the tests, it as a pleasant surprise. The project has sourced metro rail coaches from the Hyundai-Rotem consortium.
A metro project of this size and magnitude goes through a number of tests across various parameters. This was for the first time that the metro coaches were rolling out in public on the viaduct, attracting people’s attention. There was no official communication on the test runs.
Hyderabad outskirts get infrastructure boost
Source: Deccan Chronicle, Aug 04, 2014
The Telangana state government’s announcement to develop an industrial corridor between Hyderabad-Warangal has led to an infrastructure boost outside Hyderabad.
The Telangana state government’s announcement to develop an industrial corridor between Hyderabad-Warangal has led to an infrastructure boost outside Hyderabad.
The corridor on the eastern side of the city, touted as the second IT hub of Hyderabad, already houses companies like Infosys, Genpact, Axis Bank, among others. Infrastructure developers, including Confederation of Real Estate Developers’ Associations of India and Andhra Pradesh Real Estate Developers of India say several infrastructure projects are underway and many are in the planning stage.
With the first Metro Rail stretch from Nagole-Mettuguda set to get operational and a Metro Rail depot at Uppal by March 2015, infrastructure developers see a swing in residential real estate. In a review meeting of industrial policy for Telangana, Chief Minister K. Chandrashekar Rao said that Warangal will be developed into a second major city in Telangana after Hyderabad.
“The state government’s decision to develop the Hyderabad-Warangal stretch into an industrial corridor has given a boost to the already developing second IT Hub of Hyderabad. Several infrastructure projects including apartments, independent houses, layout ventures, gated communities are already underway at Uppal, Pocharam and beyond. Meanwhile, the operational outer ring road connecting Pedda Amberpet, Ghatkesar-Shamirpet is an added advantage for the sector,” said Ashok Swaminathan, of APREDA.
The IT Special Economic Zone in Uppal, which already has over 15 top fully functional IT companies, is attracting many more owing to lower rent for commercial spaces. Infotech, Suneratech IT solutions, 24/7, Truven Helath, GVK Technologies, Genpact and others are some of the companies that are fully operational in the region.
Uppal already houses NSL Arena, an IT SEZ with about 7 lakh sq ft area. The first phase of the project is complete and second phase will be taken up in early 2015. Two more phases will follow later.
“Another IT tower that is in the making at Uppal is will be completed by 2015. Already, over 10 to 15 companies are in negotiation for the commercial spaces,” said Rakesh Talwar, vice president of NSL Arena SEZ.
“Uppal and adjoining areas will be key markets in a few years. There is a lot of manpower available in these areas. At the same time, there are not many leisure and recreational spots for the IT crowd at this point of time. We want to fill this gap,” said C. Shekhar Reddy of Credai, adding that the project would be completed in about two years.
The company has already tied up with PVR Cinemas for a mall and has signed three IT clients as well, he said, adding that the rentals for Grade A IT office space in Uppal and surroundings would be about 50 per cent less compared to similar properties in the west side of the city.
Rentals in Uppal are around Rs 28 to Rs 30 per sq ft compared to Rs 50 to Rs 55 per sq ft prevalent in key micro markets of Hyderabad, he said. In addition, over 50 per cent of the IT employees working in Hitec City and Gachibowli live in Tarnaka and Uppal “This move will decongest the main city as 50 per cent of IT employees are said to be living in Tarnaka and Uppal area,” said said Sudheer Mareddi, managing director, Suneratech.
Telangana plans expanding Hyderabad Metro to 250 km
Source: The Hindu Business Line Aug 1, 2014
KT Rama Rao flags off one-year rail tech post-graduate programme
Hyderabad:
The Telangana Government on Friday said it was committed to expedite the Hyderabad Metro Rail project.
KT Rama Rao, State Minister for IT, said the Government was keen to complete the project as per schedule and provide necessary support. However, he said, there were a few issues that need to be sorted out with regard to metro project and expressed confidence in implementing the project as per plans.
He said with Hyderabad projected to grow to a mega metropolis over the next 20 years, the State might have to draw up plans to increase the network from the current 72 km to 250 km to meet the needs of the growing population.
Speaking at the launch of the first batch of post-graduate course in metro and rail technology by the Institute of Metro and Rail Technology (IMRT), he said, "Hyderabad will be developed as an investment destination in various sectors including IT, science, pharma, films, sports etc."
He said the State was exploring the option of a Light Rail Transport System for Hyderabad.
NVS Reddy, Managing Director of Hyderabad Metro Rail Ltd, said the Telangana Government now owns the ₹14,132-crore project, which is supported by a viability gap funding of ₹1,458 crore from the Central Government, working out to about 10 per cent of the project cost.
A Central Project Monitoring Group is monitoring all projects with investments of over ₹1,000 crore and this project is part of that. Telangana Chief Minister K Chandrasekhar Rao has suggested the metro project could consider the alignment change at two places where historical sites are located at Assembly and Sultan Bazaar.
"We are now in the process of conducting feasibility study to see if this could be done by realigning the project, with minimum expenditure. So far no decision has been taken on realignment," Reddy explained. "Based on the technical feasibility, if there are changes, the concessionaire L&T will be compensated. The changes are likely to be minimal," he said.
About 40 per cent of the project work has been completed and 4,300 crore spent. By March 2015, stage one will be operational, he said. IMRT commenced its first batch of one-year specialised post graduate programme.
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Rajapushpa launches Atria in Kokapet near Hyderabad
Source: Financial Chronicle 30/07/2014
Despite the division of the state, and contrary to popular belief, real estate projects in Hyderabad do not seem to have dwindled. Of the largescale projects to hit the market, Rajapushpa’s Atria in Kokapet, a high rise residential scheme located near the financial district of the city — Gachibowli — that houses top corporate houses, is considered promising.
Targetted at buyers looking at options of residing close to their workplace, the locality offers good social infrastructure in terms of schools, shopping malls and hospitals. It is just a stone’s throw away from the ORR junction, giving easy access to most of Hyderabad.
The gated community, in keeping with present architectural trends, offers landscaped green space, clubhouse and other amenities. Approximately, four acres of the 14.5 acres earmarked for the project will be built up and the rest will be left open. The project has 10 towers that come with a two-level car parking. Each tower will have 15 floors.
Sizes of the flats vary, but minimum area is fixed at 1,345 sq ft. Customers are offered two, three or four-bedroom options. Per sq ft will cost Rs 3,700. There will be roughly 1,100 apartments and the company has 12 unit plans to choose from.
As for the amenities, there is a a sprawling clubhouse (42,000 sq ft) that has a meditation centre, convention hall and a conference room. Other offerings include centralised piped gas supply, round the clock security with CCTV surveillance, complete power back up, tennis court, swimming pool and kids’ play area. The possession for these flats will begin by the end of this year.
Besides Atria, Rajapushpa has projects such as Retreat and Cannon Dale in the same locality to its credit. zz
--
Despite the division of the state, and contrary to popular belief, real estate projects in Hyderabad do not seem to have dwindled. Of the largescale projects to hit the market, Rajapushpa’s Atria in Kokapet, a high rise residential scheme located near the financial district of the city — Gachibowli — that houses top corporate houses, is considered promising.
Targetted at buyers looking at options of residing close to their workplace, the locality offers good social infrastructure in terms of schools, shopping malls and hospitals. It is just a stone’s throw away from the ORR junction, giving easy access to most of Hyderabad.
The gated community, in keeping with present architectural trends, offers landscaped green space, clubhouse and other amenities. Approximately, four acres of the 14.5 acres earmarked for the project will be built up and the rest will be left open. The project has 10 towers that come with a two-level car parking. Each tower will have 15 floors.
Sizes of the flats vary, but minimum area is fixed at 1,345 sq ft. Customers are offered two, three or four-bedroom options. Per sq ft will cost Rs 3,700. There will be roughly 1,100 apartments and the company has 12 unit plans to choose from.
As for the amenities, there is a a sprawling clubhouse (42,000 sq ft) that has a meditation centre, convention hall and a conference room. Other offerings include centralised piped gas supply, round the clock security with CCTV surveillance, complete power back up, tennis court, swimming pool and kids’ play area. The possession for these flats will begin by the end of this year.
Besides Atria, Rajapushpa has projects such as Retreat and Cannon Dale in the same locality to its credit. zz
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