హైదరాబాద్ లో మరో ఏరోస్పేస్ కంపని

20.8.2017

ఆదిబట్ల సమీపంలో నాదర్గుల్ లో న్యూకాన్ ఏరోస్పేస్ కంపని ని శనివారం (19.08.2017) మంత్రి కే టీ ఆర్ ప్రారంభించారు. ఇందులో రక్షణ, అంతరిక్ష ఉత్పత్తుల విడి భాగాలు తయారుచేస్తారు. 5 ఎకరాల విస్తీర్ణంలో, రూ.500 కోట్ల పెట్టుబడితో ప్రారంభిస్తున్న ఈ సంస్థ లో 600  మందికి ఉపాది కల్పించనున్నారు. బీ డి ఎల్ లో తయారు చేస్తున్న ఆకాష్ క్షిపణికి సంబందించిన కొన్ని విడి బాగాలు "న్యూకాన్ ఏరోస్పేస్" తయారుచేస్తూ ఉన్నది. 

ఫోటో సోర్సు : ఈనాడు 

  

   ఐటి, పరిశ్రమల మంత్రి కే టీ ఆర్ మాట్లాడుతూ హైదరాబాద్  ఏరోస్పేస్ హబ్ గా మారిందన్నారు. త్వరలో హైదరాబాద్ లో మరో ఏరోస్పేస్ ఎస్ ఈ జెడ్ ను ప్రారంభిస్తామన్నారు. ఏరోస్పేస్ యునివర్సిటి ఏర్పాటు కు   క్రాస్ ఫీల్డ్ యునివర్సిటి లండన్ వారితో ఒప్పందం చేసుకున్నట్లు వివరించారు. అంతే కాదు త్వరలో ఏరోస్పేస్ ఉత్పత్తుల ప్రదర్శనను ప్రారంభించనున్నట్లు చెప్పారు.          

   ఆదిబట్ల లో ఇదివరకే ఉన్న ఐటి ,ఏరోస్పేస్  కంపనీల సరసన న్యూకాన్ ఏరోస్పేస్ మరింత ఉపాదికి, అభివృద్ధికి కారకం అవుతుంది.

1,000 Hy-Fi hotspots launched in Hyderabad

Source: The Hindu 20.6.2017

Hyderabad: The Net-savvy people in the twin cities of Hyderabad and Secunderabad city are going to have a city-wide Wi-Fi connectivity soon. The Telangana government has launched 1,000 Wi-Fi hotspots in the capital and would have 2,000 more in the next few months. The government has tied up with BSNL, Airtel, ACT Fibernet and other ISPs to set up the Wi-Fi network, called Hy-Fi or Hyderabad City Wi-Fi Project’.

The COAI (Cellular Operators Association of India) is the technical advisor to the government in implementing the project. People can use the service free for 30 minutes with broadband speeds in the range of 5-10 Mbps. They can continue to use the service by joining a tariff package offered by different service providers.

Launching the 1,000 hotspots here on Tuesday, Greater Hyderabad Municipal Corporation (GHMC) Mayor Bonthu Rammohan said the city would have a total of 3,000 hotspots, making available the Wi-Fi services across the city.

The project is expected to cost ₹300 crore for various service providers. The government will support the providers by getting the relevant permissions and in the identification of locations.

The State government launched a pilot in 2015 by offering the services in about 100 public locations such as malls, tourist spots, offices and police stations. Th number has more than doubled to 250 locations. “We have brought a GO to enable smooth execution of the programme by Internet Service Providers. At present, over 1,000 hotspots are being installed with an assured bandwidth of 5-10 Mbps offering 30 minutes of free Wi-Fi,” a government official said at the launch.

Real estate prices to rise with GST

The real estate prices in Telangana and Andhra Pradesh are set to rise ranging from six per cent to about 10 per cent or more.

Source: Telangana Today, Dt: 03.06.17

Hyderabad: With GST, the real estate prices in Telangana and Andhra Pradesh are set to rise ranging from six per cent to about 10 per cent or more (depending on the specifications, locations, height). Currently, the tax incidence is 11.85 per cent including service tax of 4.5 per cent and VAT of 1.25 per cent and registration charges of 6.1 per cent.

With GST, the first two- service tax and VAT- will be subsumed and the new rate will be 12 per cent from the existing 5.75 per cent. The registration charge, which is a State subject, remains the same taking the total tax to 18.1 per cent. This apart, the rationalisation of taxes for building materials will add to the costs. With RERA also, the compliance costs will go up, which will be passed on to the customers.

According to C Shekar Reddy, real estate lobby body Credai former national president proposed GST is a double taxation on real estate segment. Under the GST, there will be a need to pay registration charges on land, apartment built-up area and undivided share of land. “The cascading effect of the registration charges will increase the tax burden to the customer.

To understand the increase in prices, consider a flat measuring 1,800 sft and priced Rs 4,000 per sft. The cost will be Rs 72 lakh. On this a service tax of 4.5 per cent is levied- Rs 3.2 lakh (or Rs 180 per sqft more than the base price). Then, it attracts a VAT of 1.25 per cent (Rs 90,000 or Rs 50 more per sft). The registration charges are 6.1 per cent (Rs 4.64 lakh or Rs 258 more per sft). The total tax is 11.85 per cent and Rs 488 is added per sft to the base price.

With all these, the net payable amount is Rs 80.78 lakh. The same property in the post-GST scenario will cost Rs 1.69 lakh more. The base price will come down Rs 3856 per sft instead of Rs 4,000 per sft and the total cost will be Rs 69.4 lakh now instead of Rs 72 lakh earlier. This fall in the base price is due less to less input tax credit which the builders get. With 12 per cent GST (Rs 8.32 lakh) and the same registration changes of 6.1 per cent (Rs 4.74 lakh), the total cost of the unit will be Rs 82.47 lakh, making its 2.1 per cent costlier than Rs 80.78 lakh in the pre-GST regime. “As the cost of per sft increases, the tax will increase,” he said.

To keep the price in check, the lobby body has been asking to subsume the registration in the GST or provide an abatement compensating the land value or reduce the proposed 12 per cent GST to five per cent. There would be no loss to the exchequer as a majority of the goods for construction suffer 28 per cent.

The real estate developers also want tax on cement and pre-fabricated structures, which are proposed to be put under 28 per cent, be reduced.

“In case of part payments, those made till June 30, will be collected as per the old rates and for those that will be made from July 1, will be as per the new GST rates,” said Jakka Venkat Reddy, general secretary, Telangana Builders Federation.

Developers used to purchase materials from other States and claim a benefit through the ‘C-Form’, the facility which has been withdrawn now. This will also add to the costs of the end-users, he said.

“The purchasing power of buyers in the real estate will come down. We are requesting the State government to reduce the registration charges,” said S Ram Reddy, Credai Hyderabad president.

“The prices in some States will come down as they were earlier paying 18 per cent and now need to pay 12 per cent. Also, the respective States have kept the registration charges lower. In Telangana and AP, the earlier taxes were 5.75 per cent, which increased to 12 per cent. The registration charges remain unchanged at 6.1 per cent,” said P Rama Krishna Rao, general secretary, Credai Hyderabad.

One more Inorbit Mall in Hyderabad (near Shamshabad) city soon

Raheja Corp is all set to build the Mall and is keen on spreading its wings in Hyderabad.

Source: telanganatoday.news      Dt: 6.5.2017

Hyderabad: After redefining the mall culture in the city with Inorbit Mall at Madhapur, Raheja Corp is now all set to come up with similar shopping and leisure facilities in other parts of the city.

The focus now is on the eastern part, where one more Inorbit Mall is being contemplated and the developers are also keen on spreading their wings more in the city. Kishore Bhatija, Managing Director – Real Estate Development, Raheja Corp describes Hyderabad as a real growth city after Mumbai and Pune.

The advantages of Hyderabad are several apart from better infrastructure when compared to other cities, he says. The city has good social infrastructure and qualified manpower, which is what the IT companies prefer most, he further said. Affordability is yet another USP for the city which makes it easy to accommodate migratory population with quality education. “There is good value for money here and quality of education is high and a good crop of professionals come into the market,” Kishore Bhatija points out.

Almost 14 years in the city and a large development under its belt, Raheja Corp has other projects coming up at Nacharam and Shamshabad. On a question to how much built space is expected to be added, he said, “It will depend on our estimation of what market can absorb. It is a capital intensive model. We don’t sell our real estate and since we don’t sell, lot of capital is required to hold. Depending on the volumes picking up, we will construct more,” he explains.

Raheja is also scouting for land in Cyberabad area and bidding for construction of TSIIC’s Image Tower project, which is expected to be an iconic structure.

At Shamshabad, the developer has own space is working on that area and trying to push clientele, who are more value driven. “We are trying to create market for different kind of clientele and they will be mostly low rise units like campus type. One million square feet will be created in the next five to six years,” reveals Kishore Bhatija. On plans for housing projects, he says “IT is bigger priority for us. We do have a housing project in Nacharam. We have already completed 200 units and people have occupied the apartments and another 100 units we will be delivered by December. One more tower of 100 units will be launched shortly and will be completed in 24 months”.

Last year, the off take in terms of space occupancy, particularly IT companies renting space in Hyderabad, has been good. “It has been tremendous and I think it is highest in the history of Hyderabad. The quantum of IT companies off take was highest. Generally, it is around three to four million square feet space across the year but it had increased to six and half million last year,” he said.

Hyderabad has lot more potential waiting to be tapped including availability of land and lot of government lands are coming up for auction. Stating this, Kishore Bhatija adds, “In Bangalore, lands are very difficult to get, besides there are title issues”.

ORBCOMM Moves India Operations to New Technology Center of Excellence in Hyderabad, India

Source: ORBCOMM.com/news

Serves as Company’s hub for software application development and customer care supporting its comprehensive IoT solution portfolio

Rochelle Park, NJ, and Hyderabad, India, March 22, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has moved its India operations to a new technology center of excellence for software application development and Tier One customer care in Hyderabad, India. ORBCOMM will host a ribbon-cutting ceremony performed by Mr. K.T. Ramarao, Cabinet Minister for IT of the state of Telangana, Mr. Jayesh Ranjan, IT Secretary of the state of Telangana, and Mr. Craig Malone, ORBCOMM’s Executive Vice President of Product Development, to mark the official opening of its new office today at 10:45 am IST.

ORBCOMM’s Hyderabad office is the company’s largest software development site and houses web and mobile application developers and customer service representatives, who are part of the company’s global team of technical experts focused on the delivery of its IoT products, services and solutions. In addition to supporting ORBCOMM’s continued technological innovation, the office will supplement the company’s North America-based customer care team, which provides 24x7 customer service throughout the full solution delivery lifecycle for over 1.72 million end-user IoT devices on its global satellite and cellular networks.

“We opened our new state-of-the-art facility in Hyderabad, India to accommodate the continued growth and expansion of ORBCOMM’s business in the global industrial IoT market,” said Craig Malone, ORBCOMM’s Executive Vice President of Product Development. “This office will serve as ORBCOMM’s center of excellence for software development and customer care to support our broad portfolio of IoT solutions and deliver the highest level of service to our global customers. We also look forward to collaborating with local technology partners and integrators to deliver ORBCOMM’s advanced technology solutions to government and commercial customers throughout India.”

For more information about ORBCOMM’s ribbon-cutting ceremony, please contact Latha Sirigiri, ORBCOMM’s Director of Human Resources, for the Hyderabad, India, office, at +91 (40) 40021258 or sirigiri.latha@orbcomm.com.

Hyderabad emerges as the city with the best quality of living

Source: Times of India  Dt: 15.3.2017

Hyderabad has been ranked as the top Indian city in the quality of living ranking, for the third year in a row, as per Mercer's Quality of Living rankings 2017. For the second year in a row, according to the study, New Delhi continues to be ranked lowest, with scores remaining constant.
 

Both Hyderabad and Pune cities rank higher for quality of living than the country's more traditional business centres, Mumbai and New Delhi ranked at 154 and 161, respectively, as per the report.
 

Globally, Vienna occupies first place for overall quality of living for the 8th year running, with the rest of the top-ten list mostly filled by European cities -- Zurich (2), Munich (4), Dusseldorf (6), Frankfurt (7), Geneva (8), Copenhagen (9), and Basel (10).

The only non-European cities in the top ten are Auckland (3) and Vancouver (5). The highest ranking cities in Asia and Latin America are Singapore (25) and Montevideo (79), respectively.

"The survey highlights that Indian cities that have been part of the survey haven't made much progress on the quality of living scale since last year ", noted Ruchika Pal, Principal and India Practice Leader, Global Mobility. The report said the only exception is Chennai, whose score has marginall y improved mainly on account of public transport, including buses and a recently expanded two-line metro system, and improved availability of expat housing.

Interestingly, Hyderabad has slipped five ranks from 139 last year to 144, on account of decreased power supply and water availability. On the positive side, the city continues to score high, in comparison with other surveyed Indian cities, on account of lower crime rate.

On the other hand, while New Delhi scores well on account of its airport facility, availability of international schools and low probability of natural disasters, the positives are outweighed by a variety of negatives including a 'notorious' crime rate, air pollution and water availability.

"Delhi continues to be challenged with increasing air pollution, contributed by growing traffic and industrialization in the city. Delhi's air is the worst among world megacities, even the World Health Organisation (WHO) confirmed recently. Unfortunately, there has been no improvement in air quality" said Pal.

Hyderabad International Airport Is World No.1 In Service Quality!

Source: Business Standard, Dt: 7.3.2017

Unless you’re one of the few people who’re afraid of flying and row your own raft from place to place, your first impression of a new country must be its airport. You notice the building, its architecture, the amenities and the service. Basically, your first impression of a country comes from its airport. So having an impressive airport is paramount.

In India, we adore our metropolitan city airports in Mumbai and Delhi. However, Hyderabad isn’t the first city to come to mind for having an impressive airport.

Well, most recently, Hyderabad’s Rajiv Gandhi International Airport bagged the award for best airport service quality in the world. 

The airport was selected based on a survey of 5-15 million travellers.

“WHILE THE RECOGNITION HAS DEFINITELY MADE ALL OF US PROUD, BUT WE HAVE STILL MILES TO GO.”

I think that’s the right attitude to have. Enjoy the achievement but remember it’s not the end of the road.

So many of us talk about the exemplary quality of airports abroad. We’re impressed with the scale of Heathrow in London, the efficiency of Schoenfeld in Berlin, or the shopping opportunities of the International Airport in Dubai. However, we fail to realise we’ve got many such impressive airports back home.

The win for Hyderabad is further testament to the fact that when it comes to international airports, India has arrived.

Telangana logs in Google to reboot digital plan

Source: Times of  India, Dt: 4.3.17.

HYDERABAD: In a major boost to Telangana's digitisation efforts, the state on Friday inked an MoU with Google India after a meeting between IT minister KT Rama Rao and company representatives.

Google India will provide Google Cloud credits and access to all cloud platform to start-ups in T-hub as well as provide technical mentors to Making government sites mobile-friendly, helping local businesses get online, android courses for students to skill them in app development and, as part of Google Cultural Institute project, creating a digital repository of architectural and cultural heritage of the state is part of the plan.

The state also intends to train rural women through the 'Internet Saathi' programme. It will train women from Self-Help Groups and women's federations overseen by Tata Trusts. These master trainers (Saathis) will then train other women.

Thanking the state government for its support, Google India director (public policy) Chetan Krishnaswamy said: "We are delighted to support the government in its vision of a digitally empowered state. We look forward to working with the state government to create an enabling environment and ecosystem to help the people."

Praising Google, KTR said: "Google is a valuable partner. Our mission is to digitise Telangana and a partnership with Google will go a long way in ensuring our plans are achieved."

ZF opens first technology centre in Hyderabad

Source: Telangana Today, Dt: 4.3.17.

Telangana Industries and IT Minister K T Rama Rao who inaugurated the centre, said, ZF can support the Government in making Hyderabad a mobility engineering cluster.

Hyderabad: Germany-based ZF Friedrichshafen AG, a driveline and chassis technology provider, which also offers active and passive safety technology opened its first technology centre in India in Hyderabad. The ZF India Technology Center (ITC) will strengthen ZF’s presence in the country with expected investment of €15 million (Rs 105 crore) over the next five years. 

The company which announced its plans to set up this centre in September last year established it in just 6-7 months. This centre will employ 2,500 professionals by 2020. 

The ITC will be involved in high-end innovations, which will focus on bringing advanced technology to India as well as localising strategic business activities including research, design and development for global markets. It will also leverage academic research communities and talent pool for global development projects. 

Integrated approach
ZF CEO Stefan Sommer told Telangana Today, “We will continue to invest in India in increasing business and production. We will try to localise more and ramp up operations. Safety regulations will increase in India and we will talk to our clients in providing the technology and systems. Other centres in India are production centres. We plan to begin exports from India. The Hyderabad centre will take care of the software development.”
He informed, “We will be launching more products with high degree of Indian content going forward. We will increase production capacities in Pune as more demand picks up. Hyderabad centre will play a key role in integrating with ZF’s other centres. We have also tied up technology partners such as TCS and Tech Mahindra besides several others.”
“All over the world, there is a change in mobility, automation and interest in cars. With growing global warming, automotive transmissions and emissions have become critical. There is a growing important of zero emissions and zero accidents and ZF is striving to create technologies that ensure them,” Stefan said.
The new centre will be involved in electronics, embedded software and mechanical engineering. It will support ZF’s global development teams while enabling the company to accelerate local product development supporting ZF automotive and non-automotive operations and customers in India.
Mamatha Chamarthi, chief digital officer of ZF, added, “The India Technology Center will be rapidly integrated into the engineering ecosystem of ZF and become a pillar of innovation for the company. As demand for software engineering grows, ZF will exponentially increase capacity to help meet customers’ growth aspirations in both the global and local market.”

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Investing in Telangana
K T Rama Rao, Minister for IT, MA & UD, Industries & Commerce, Government of Telangana said, “We look at this investment by ZF as an ecosystem builder for Hyderabad and are extremely happy to see Telangana as ZF’s choice for their first ever India Technology Center. We will continue to strive making our State a business and investor friendly place helping corporates like ZF to expand their footprints in this region.”
ZF and its partners have been operating for more than five decades in the Indian market, with corporate headquarters at ZF Business Park, Pune. Today, ZF is present in 21 locations serving the automotive and non-automotive segments in the region, including two wholly owned subsidiaries of ZF and six joint ventures of ZF and ZF TRW.
In India, the Group has a strong local mechanical engineering team that supports product development and application engineering for both the automotive and non-automotive customers. The consolidated resource strength for the group, including the joint ventures is about 14,000 employees.

Innovation and CSR
ZF has rolled out an innovation challenge and as a result of which it is encouraging engineering students to drive innovation in the automotive space in a wide ranging spectrum from creating autonomous driving vehicles, smart sensors and IoT-based drive monitoring.
On the CSR front, ZF is tying up with Akshay Patra foundation, a non-profit organisation providing mid-day meals to children, by sponsoring a van to transport food to schools in remote locations in Hyderabad. By this activity nearly 5,000 students from government schools will be benefiting, reducing starvation of underserved children.

Hyderabad is home to six billionaires

Source: PTI, The Hindu, Dt: 27.2.17

Hyderabad is home to 9,000 millionaires and 6 billionaires with a total wealth of USD 310 billion, while India’s financial capital Mumbai, is home to 46,000 millionaires and 28 billionaires and is the richest Indian city with a total wealth of USD 820 billion, says a report.

According to the New World Wealth Report 2016, released by the global wealth intelligence and market research company, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively.

Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of USD 450 billion, while Bengaluru with a total wealth of USD 320 billion houses 7,700 millionaires and 8 billionaires.

Kolkata is home to 9,600 millionaires and 4 billionaires and has a total wealth of USD 290 billion, Pune (total wealth of USD 180 billion, has 4,500 millionaires and 5 billionaires), Chennai (USD 150 billion, 6,600 millionaires, 4 billionaires) and Gurgaon (USD 110 billion with 4,000 millionaires and 2 billionaires). Some of the other emerging cities in terms of total wealth include, Surat, Ahmedabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara. The total wealth held in the country amounts to USD 6.2 trillion (as of December 2016) and the country is home to 264,000 millionaires and 95 billionaires in total.

“Over the next decade, India is expected to benefit from strong growth in the local financial services, IT, real estate, healthcare and media sectors, in particular, the local hospital services.

Denmark's DESMI opens production facility in Hyderabad

Source: Money Control, Dt:22.2.2017

 

Denmark-based DESMI today opened its first production facility in India which would manufacture oil spill response equipment and pumps. The facility is located at Nadergul village, Adibatla in Telangana. DESMI specialises in the development and manufacture of pump solutions for marine & offshore, industry, oil spill equipment, defence & fuel and utility segments, according to a company statement. DESMI started its Indian operations with a liaison office in 2013. Understanding the business potential and with an objective to strengthen its presence in India, DESMI decided to set-up this 3,000 sqm advanced production facility at Adibatla, the company said. "DESMI's primary focus would be to produce oil spill response equipment and then to assemble the pumps and pumping solutions locally in India," the statement said..

AIIMS for Telangana

Source: Times of India, Dt: 9.2.2017

The Centre on Thursday announced an All India Institute of Medical Sciences (AIMS) for Telangana. It will be located near Hyderabad city. Union finance minister Arun Jaitley confirmed this with TRS MPs A Jitender Reddy and B Vinod. The formal announcement on this will be made in the Parliament during the debate on the union budget.

"Arun Jaitley informed us that the Centre will give AIMS to Telangana and the announcement will be made in Parliament. We are thankful to him for fulfilling the promise made to the state," said Jitender Reddy.

Another TRS MP B Vinod confirmed this stating the Centre will also announce the funds to be earmarked for the AIMS near Hyderabad. Sources said the TRS government wants to upgrade the NIMS at Bibinagar to AIMS level and has submitted a proposal to this regard initially. But the Centre wanted to construct an exclusive AIMS in Hyderabad city to cater the needs of over one crore people. Patients from neighbouring Karnataka, Maharashtra and Chhattisgarh also come to Hyderabad for medical treatment.

The TRS government is also trying to get an assurance from the centre on setting up of an IIM, a Police Battalion, a tribal university, an IISC and a separate High Court during the current budget session. "We will bring pressure on the NDA government for the announcement on IIMS, tribal university and police battalion as they were promised in the reorganisation act," said Jitender Reddy.

Outskirts of Hyderabad might see jump in construction activity

Source: ET Realty, Dt: 2.2.2017

With affordable housing being the catchphrase of Budget 2017, the focus could well shift from core areas of Hyderabad to its cheaper peripheries, said market analysts post Arun Jaitley's close to two-hour-long speech on Wednesday. The bouquet of incentives that the finance minister showered on this segment, however, left industry biggies disappointed.

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"Though a lot of people think Hyderabad does not have the potential to grow in the affordable housing segment, I feel otherwise. The city's outskirts, where land rates are cheaper, are perfect destinations for such ventures that have so far not been economically viable," said Sandip Patnaik, managing director (Hyderabad) of global real estate services firm Jones Lang LaSalle. He felt the benefits extended to this segment were very encouraging.

Apart from an increased carpet area, affordable housing was also awarded the 'infrastructure status'. This will result in bigger homes for buyers and lower interest rates for developers. The average projected cost of these homes is Rs 15– Rs 20 lakh.

"This will push more local players to take up small projects that they shied away from until now. Currently, the city has just about two or three firms that build homes under 900 square feet," said S Ram Reddy, president, Confederation of Real Estate Developers' Association of India (CREDAI – Hyderabad). He said, "Increased activity in this segment will also enhance sales among customers, primarily from the lower middle class."

That the government has eased the burden of capital gains tax on land owners – part of joint development agreements – will further ensure that the cost of these properties does not shoot northwards, experts said. "Until now, land owners had to pay a hefty capital gains tax – anywhere between Rs 200 and Rs 300 per sft of the land owner's share -- the moment they signed a deal with a developer. Now, they can pay this only once the project is completed. This will give them a breather and also make land transactions smooth," Reddy said.

Another high point of the Budget, according to the industry is the reduction in holding period for capital gains tax on immovable properties from three to two years. This means that a customer can now sell his or her house within two years of buying it, without having to pay this tax. The ceiling was three years until now.

"This might attract investors to the Hyderabad market, which is largely end-user driven. If investors can exit a project within two years, they would be more willing to park their money in the city," said Veera Babu, managing director (Hyderabad) of Cushman & Wakefield, another leading real estate service provider.

But while the construction and sale of cheaper homes might see increased in activity soon, major developers in the city say there's no hope for mid-sized or big-ticket projects. "We are extremely disappointed. Neither have we been awarded industry status (which would reduce lending rates for builders) and nor have individual tax-payers (those who comprise our prospective client base) been given much relief. So there's unlikely to be any jump in construction activity or sale of homes in these segments," said D S Prasad, director, Aparna Constructions.

An upcoming residential corridor in Hyderabad

Source: Times Property, The Times of India, Hyderabad

HYDERABAD: Here is an account of how Miyapur has emerged as an upcoming residential corridor in the Hyderabad city.

Current status of the corridor

The major infrastructure project in the corridor is the development of the Metro node at Miyapur. The Miyapur-LB Nagar Metro route is being developed as Corridor-1 with a distance of about 30 km. Miyapur to SR Nagar and SR Nagar to LB Nagar are referred to as Stage-2 and Stage-5, under the overall work plan of the Hyderabad Metro Rail network.

As per latest information, Phase-1 comprising Nagole to Mettuguda (Stage-1) and Miyapur-SR Nagar (Stage-2), will become operational in the first week of June 2016. Operationalisation of this line will build connectivity to the corridor with other residential and commercial areas of Hyderabad. The state government has announced plans for extending the Phase-1 of the Hyderabad Metro.

From the corridors perspective, the Metro line is expected to be extended by a further 13 km from Miyapur to BHEL and Patancheru. The timeline for implementation of this segment has not been declared. An Inter-City Bus Terminal (ICBT) is also planned to be developed at Miyapur. However, the development timeline for the same is not clear at present as the proposal is awaiting some clearances.

The corridor has faced water supply problem in the summer season, when due to low water level in the reservoirs, water supply was erratic coupled with low pressure in the government water supply network. Residents had to take recourse to purchasing water from private vendors. However, Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB) is working on a plan to improve the pipeline work in Serilingampally Circle. This will improve the water supply of the corridor.

Present residential development

The corridor has a mix of apartments and plotted development. Bachupally has more plotted development options because of availability of land in the area. About 65 percent supply in the re-sale segment in the corridor is of multi-storey apartments followed by builder-floors independent floors. The 2-BHK format dominates across property types with a saleable area of 1,000-1,200 sq ft. This accounts for 61 percent supply in the re-sale segment with 3-BHK units having 35 percent share. The 3-BHK units are bigger in size with an average saleable area of 1,500 sq ft.

Miyapur, Chandanagar and Nizampet are amongst the top 10 localities by consumer preference in the city when it comes to purchase of a residential property. Similarly, in terms of consumers looking for rental options, Miyapur is again amongst the top 10 localities of Hyderabad. In terms of price level, the corridor caters to consumer preference in the lower price bracket.

More than 60 percent of supply in the corridor in the resale segment is within the Rs 20-40 lakh bracket. A further 29 percent is in the Rs 40-60 lakh segment. Together, the Rs 20-60 lakh bracket accounts for 91 percent supply in the resale segment. Evaluation of consumer preference in the corridor shows that almost the same percentage of consumers are looking for options within the Rs 20-60 lakh segment. This highlights the price sensitive nature of demand in the market.

The average price level in the market is Rs 3,000 per sq ft. Miyapur and Chandanagar have options in the Rs 3,200-3,400 per sq ft price range, while capital values in Nizampet and Bachupally are on the lower side. The price level in these localities is in the Rs 2,400-2,600 per sq ft range.

In line with general market trend, the price level in the corridor has been stagnant for some time. The overall price increment in all the localities of the corridor has been under 10 percent for the last two years.

Properties available in the corridor

The corridor offers relatively less expensive options for consumers as compared to localities which are closer to IT/ITeS office hubs. Within the corridor, Miyapur and Chandanagar are established localities with higher capital values (sq ft).Bachupally and Nizampet come next. This price differential impacts the budget and BHK format wise spread of options.

More than 50 percent supply is within Rs 20-40 lakh bracket. A further 35 percent is in the Rs 40-60 lakh segment. Together, they account for 89 percent supply. This highlights the price sensitive na ture of the market. Most of the supply in the Rs 20-40 lakh segment is in Nizampet and Miyapur localities. Miyapur, followed by Chandanagar and Nizampet, accounts for bulk of supply in the Rs 40-60 lakh brackets.

In a price sensitive market, the smaller 2-BHK format with an average size of 1,150 sq ft dominates the supply; its small size helps a consumer to keep acquisition cost low. Most of the supply in the 2BHK format is in the Rs 20-40 lakh price bracket wherein Nizampet leads with the highest share of 2-BHK options. The 3-BHK is the second most preferred category and most of it is concentrated in Miyapur. In budget terms, 60 percent of 3-BHK options are in the Rs 40-60 lakh price bracket with almost 75 percent being in the 1300-1700 sq ft size range.

Best sectors to invest in a home

Rental demand in the corridor emanates from buyers looking for residential options close to IT/ITeS office hubs in Madhapur and Gachibowli but cannot afford the options in localities which are close to them. Miyapur ranks high because of its location on National Highway-9 (NH-9) and presence of support infrastructure. It is easily accessible from different areas. Between Nizampet and Chandanagar, the former scores in terms of lower rentals while the latter is a well-established locality. Bachupally is still evolving and suffers from last mile connectivity and hence, the lower demand.

Based on home buying demand in sectors

Miyapur is the most preferred locality as it offers the best infrastructure as well as connectivity. It also has options across a wide price range from Rs 20-40 lakh to Rs 1-1.2 crore. This gives flexibility to the consumers to choose as per their budget. Though, most consumers are looking for 3-BHK options in Miyapur. Most consumers in Chandanagar are looking for 2-BHK format in the Rs 20-60 lakh price bracket. The demand for 3-BHK units is mainly in the Rs 40-60 lakh budget. More than 60 percent demand in Nizampet is in the Rs 20-40 lakh segment and for the 2-BHK format.

Best bedroom configurations to buy

Consumers prefer the 2-BHK format in the corridor from both house purchase as well as rent perspective. It has more than 50 percent share of consumer preference as rent or purchase options. This can be explained by the fact that relatively smaller size of the 2-BHK apartments helps a buyer to keep the overall purchase cost on the lower side. About 84 percent of consumer preference in the 2BHK segment is in the Rs 20-40 lakh segment followed by the Rs 40-60 lakh bracket with only 16 percent share. Almost 65 percent of 2-BHK availability is in the 950-1200 sq ft range and this gives flexibility to consumers to choose and buy. In the Rs 40-60 lakh bracket, 73 percent demand is for 3-BHK segment while the rest is for 2-BHK formats.

Price changes and future prospects

6 monthly change: 1%

Yearly change: 4%

The price trend over last few quarters in the corridor reflects the overall slow market conditions. The price has been flat and has not seen any change over six months or one year. Miyapur Corridor caters to a price sensitive demand-segment which is looking for affordable homes. The purchasing ability of this segment is affected more by slow economic conditions. The sale had declined in the corridor leading to over-supply. But sale over last few quarters has been quite steady. And the price level in some localities has seen marginal improvement. But the overall price level is expected to remain flat or see marginal increase.

Price movement for top localities by consumer preference

The price change in top localities by consumer demand over last quarter has varied across the localities. The price change varied from max of three percent to minimum of -3 percent. Miyapur, Gajularamaram and Pragathi Nagar continued the marginal price increment which they have witnessed over last few quarters. Price trend in Nizampet has been positive for last few quarters. The present price drop could've happened by way of correction. The average price in previous quarter had reached a level which was highest over last few years and was not sustainable. Same is the case with Chandanagar.

Uber starts bike-sharing service in Hyderabad

Source: The Economic Times, Dt: 30.1.2017

HYDERABAD: Cab aggregator Uber today commenced operations of uberMOTO, its bike-sharing product, in Hyderabad. 

The launch of the product was announced at an event held at T-Hub here last month in the presence of Travis Kalanick, Founder and CEO, and K T Rama Rao, Telangana Cabinet Minister for IT, Industries & Commerce. 
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Driver partners of uberMOTO were taken through a training session on various road safety related topics by representatives from the RTO before the starting their first trip, the company said in a statement. 

Kalanick was quoted as saying, "It's (uberMOTO) a quick, easy and affordable way to get around the city. And it's great to be working with a progressive, forward thinking government like Telangana on smart mobility solutions that can help reduce congestion in urban areas." 

Rama Rao said, "We recently achieved the top spot in ease of doing business in India which is a testament to our strong belief in making Telangana a start-up leader in India. 

"Uber has added another feather in our partnership today by launching uberMOTO to help solve the transportation and congestion problems for people in Hyderabad and I am hopeful that this service will help people in reaching their destination quickly and conveniently." 

JLL: Hyderabad fifth most dynamic city in the world

Source: The Hindu   Dt:18.01.2017

Hyderabad, the City of Pearls , has made it to the top 10 most dynamic cities across the world chosen by JLL City Momentum Index (CMI) 2017. It has been placed fifth with Bangalore on top of the list.

 

Other cities that made to the list are: Ho chi Minh City (2-Vietnam), Silicon valley (3-USA), Shanghai ((4-China), London (6-UK), Austin (7-USA), Hanoi (8-Vietnam), Boston (9-USA) and Nairobi (10-Kenya).

 

According to the index released by the Chicago-based cities research centre, JLL measures population, connectivity, technology, research & development, education, construction, real estate investment and property prices as the main criteria for choosing the most dynamic cities.

 

The JLL index says that a city's capacity to embrace rapid change determines its ability to compete in the world – today and in the future. "The overriding factors that characterise the world's most dynamic cities are technology and innovation and cities that best absorb, adapt and leverage these drivers come out on top", adds the report.

 

Although the most dynamic cities are spread across the world, more than half of the top 30 in the 2017 ranking are in Asia-Pacific. Bangalore, India's technology centre, has taken the number one spot. In fact, India snatched the lead from China as home to some of the world's fastest-changing cities, taking six of the top 30, compared with China's five.

 

"Liveability is also surfacing as an increasingly important driver of momentum, as it is key to attracting talent. Affordability and space constraints in San Francisco (21) contributed to knocking that city out of the top 20 for the first time and Hong Kong out of the top 30. The environment is also becoming a more critically determining factor in the index. Although in the top 30, Delhi (23) and Beijing (15) were hindered by poor environmental scores", says the JLL CMI. JLL is a financial and professional services firm specialising in commercial real estate services and investment management.

Hyderabad to witness highest supply of shopping malls in 2017

Source: Realty.Economic Times Dt: 5.1.2017

NEW DELHI: Eight shopping malls spanning 2.6 million square feet are expected to become operation in Hyderabad in 2017, according to a recent report by Cushman & Wakefield. The city will see highest supply of malls this year.

While these malls would be spread across the city, majority of the malls would be seen in the north-west quadrant in locations such as Kondapur, Gachibowli and Chandanagar.
Anshul Jain, Managing Director, India, Cushman & Wakefield said, "Retail mall spaces have, in recent times, seen interest from institutional investors which is providing an additional boost to developers to take up retail malls space building. Further, once India also starts listing REITs, quality retail spaces will be seen as a viable mid to long term investment asset for investors. This has further enhanced the attractiveness of retail mall spaces for developers. This is perhaps the reason why 2017 is expected to see nearly double the amount of retail space as against 2016."

Following closely, Chennai will witness five shopping malls getting operational spanning over 2.5 million square feet during 2017. Most of the supply is likely to be in seen in peripheral locations such as Vandalur, Navalur, while two of the malls will become operational in Velachery during the year.

Upcoming shopping mall supply in 2017: