HMDA Commercial Plots
Metro coaches en route
Source: May 13, 2014
The first of Hyderabad Metro Rail’s coaches are en route to the city from Chennai.
The train had arrived from Hyundai-Rotterdam’s South Korean plant by sea few days ago.
The rolling stock had also obtained the customs clearance to be brought here by road.
Trial runs next month
When contacted, Hyderabad Metro Rail Managing Director N.V.S. Reddy said the trial runs were likely to commence next month at the Uppal-Nagole depot.
Property Prices Likely to Increase After Elections: Survey
Source: PTI May 13, 2014.
Property prices in India are likely to increase only after six months when the country will get a new government, a survey said in Mumbai on Monday.
The Housing Sentiment Index (HSI) assessed by IIM Bangalore and Magicbricks.com forecasts that home buyers across 8 of 10 cities surveyed expect real estate prices to go up over the next six months.
Cities like Ahmedabad, Kolkata, Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore and Chennai were surveyed.
"Indian real estate is bound to remain attractive in the medium term with faster growth expected in the Tier II cities. Competitively priced urban pockets such as Noida, where robust supply is backed with a promise of better infrastructure, received a thumbs-up from end users," Magicbricks.com business head Sudhir Pai said in a statement.
"However, active interest will take another six to nine months, since consumers expect prices to go up only after six months, post the 2014 elections," he said in a statement.
The national HSI remained positive at 108. An HIS score of 100 suggests that prices would remain static.
According to the survey, Mumbai posted a housing sentiment index of 106, turning positive for the first time.
"Healthy demand from Navi Mumbai and Thane resulted in this gain. Infrastructure developments in Navi Mumbai including Trans-Harbour Link and the proposed international airport are turning this location into an attractive investment option."
Bangalore topped the list of cities with an HSI of 140, witnessing a further 15 per cent jump in HSI from the previous quarter.
Strong demand from the infotech sector and comparatively affordable prices make this city an attractive option, the survey said.
Hyderabad, with an HSI of 97, witnessed a 4 per cent drop this quarter, after the Telangana issue weighed down sentiments in this city, it said.
"While the average waiting time has dropped to a little over eight months this quarter, the range-bound increase witnessed across cities and sectors indicate that people are awaiting election results to make real estate decisions."
"Clarity will set in, based on election results and well after the new government takes charge," IIMB-Century Real Estate Research Initiative lead researcher Uma Sitaraman said.
Property prices in India are likely to increase only after six months when the country will get a new government, a survey said in Mumbai on Monday.
The Housing Sentiment Index (HSI) assessed by IIM Bangalore and Magicbricks.com forecasts that home buyers across 8 of 10 cities surveyed expect real estate prices to go up over the next six months.
Cities like Ahmedabad, Kolkata, Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore and Chennai were surveyed.
"Indian real estate is bound to remain attractive in the medium term with faster growth expected in the Tier II cities. Competitively priced urban pockets such as Noida, where robust supply is backed with a promise of better infrastructure, received a thumbs-up from end users," Magicbricks.com business head Sudhir Pai said in a statement.
"However, active interest will take another six to nine months, since consumers expect prices to go up only after six months, post the 2014 elections," he said in a statement.
The national HSI remained positive at 108. An HIS score of 100 suggests that prices would remain static.
According to the survey, Mumbai posted a housing sentiment index of 106, turning positive for the first time.
"Healthy demand from Navi Mumbai and Thane resulted in this gain. Infrastructure developments in Navi Mumbai including Trans-Harbour Link and the proposed international airport are turning this location into an attractive investment option."
Bangalore topped the list of cities with an HSI of 140, witnessing a further 15 per cent jump in HSI from the previous quarter.
Strong demand from the infotech sector and comparatively affordable prices make this city an attractive option, the survey said.
Hyderabad, with an HSI of 97, witnessed a 4 per cent drop this quarter, after the Telangana issue weighed down sentiments in this city, it said.
"While the average waiting time has dropped to a little over eight months this quarter, the range-bound increase witnessed across cities and sectors indicate that people are awaiting election results to make real estate decisions."
"Clarity will set in, based on election results and well after the new government takes charge," IIMB-Century Real Estate Research Initiative lead researcher Uma Sitaraman said.
'Influence zones' proposed near metro rail stations in Hyderabad
Source: Times of India Dt: May 7, 2014.
If Hyderabad Metropolitan Development Authority's plans materialise, only high-rise buildings with minimum 40 metre height will be encouraged in 'influence zones' (an area in a radius of 300 to 800 metres) around metro rail and MMTS stations soon. Also, mixed land use, where property developers can exploit real estate for commercial, residential, recreational and other purposes, will be allowed in these zones.
The HMDA has prepared development regulations (building rules) for 19 proposed influence zones in the city. The authority has already decided to promote Transit Oriented Development (TOD) around the metro rail stations. To take it further, the development regulations have been formulated by the HMDA.
Officials said the influence zones would focus on all-round development. In the influence zones, commercial space, budget hotels, coffee shops, day-care facilities, restaurants, service apartments, hospitals, cyber cafes, health clubs, entertainment centres apart from residential purpose would be allowed. Banquet halls, car showrooms, bus depots, electrical sub-station and automobile repair shops would not be permitted in the zones.
"The authority will encourage minimum 2.5 hectares plot area with 40-metre height (10 to 12 floors) buildings in the area. The developers will be given concessions. For instance, instead of 12-metre setback, only eight metre will be insisted upon. Parking space requirement will be reduced in the development regulations," a senior HMDA, who is involved in preparation of rules, told TOI.
Since open spaces were not available in many areas in the city, the authorities would encourage plot owners to go for amalgamation of plots and redevelopment. "Building permission in below one acre will also be given, but the builders and owners have to follow the guidelines in the influence zones. If the owners want to exploit their space, they can go in for redevelopment on the lines of Road No. 36, Jubilee Hills," the official said.
Officials said the aim of TOD and influence zones was to make use of public transport and discourage personal vehicles. People should walk to the nearest station and take the public transport like citizens do in some developed countries. Over a period of time, the initiative would result in less usage of personal vehicles and reduce pollution to a great extent. "Pedestrian-friendly environment is being created like the frontage of buildings (six-metre setback) will be used for footpaths," sources said.
To create a model for the influence zone development, the HMDA has asked a consultant to prepare a concept plan for its 18.5 acre land at Moosapet, where the Authority plans to construct multi-storied structures. "The draft development control regulations will be approved by the HMDA at its meeting on May 9. The draft regulations will then be sent to the government for approval. Later, a notification will be issued seeking objections and suggestions from the public before notifying the rules," a senior consultant of the authority said.
INFORGRAPH:
Proposed Influence Zones: Miyapur, Kukatpally, Balanagar, Moosapet, Bharatnagar, Ameerpet, Punjagutta, Erramanzil, Khairatabad, Nampally, Nagole/Uppal, Tarnaka, Mettuguda, Parade Grounds, Rasoolpura, Hi-Tec City, Raidurg, LB Nagar and Moosarambagh
*Locations have been tentatively finalized based on parameters like densification, scope for redevelopment, pedestrian facility, parking space, access to transit stations and multi-modal transportation
If Hyderabad Metropolitan Development Authority's plans materialise, only high-rise buildings with minimum 40 metre height will be encouraged in 'influence zones' (an area in a radius of 300 to 800 metres) around metro rail and MMTS stations soon. Also, mixed land use, where property developers can exploit real estate for commercial, residential, recreational and other purposes, will be allowed in these zones.
The HMDA has prepared development regulations (building rules) for 19 proposed influence zones in the city. The authority has already decided to promote Transit Oriented Development (TOD) around the metro rail stations. To take it further, the development regulations have been formulated by the HMDA.
Officials said the influence zones would focus on all-round development. In the influence zones, commercial space, budget hotels, coffee shops, day-care facilities, restaurants, service apartments, hospitals, cyber cafes, health clubs, entertainment centres apart from residential purpose would be allowed. Banquet halls, car showrooms, bus depots, electrical sub-station and automobile repair shops would not be permitted in the zones.
"The authority will encourage minimum 2.5 hectares plot area with 40-metre height (10 to 12 floors) buildings in the area. The developers will be given concessions. For instance, instead of 12-metre setback, only eight metre will be insisted upon. Parking space requirement will be reduced in the development regulations," a senior HMDA, who is involved in preparation of rules, told TOI.
Since open spaces were not available in many areas in the city, the authorities would encourage plot owners to go for amalgamation of plots and redevelopment. "Building permission in below one acre will also be given, but the builders and owners have to follow the guidelines in the influence zones. If the owners want to exploit their space, they can go in for redevelopment on the lines of Road No. 36, Jubilee Hills," the official said.
Officials said the aim of TOD and influence zones was to make use of public transport and discourage personal vehicles. People should walk to the nearest station and take the public transport like citizens do in some developed countries. Over a period of time, the initiative would result in less usage of personal vehicles and reduce pollution to a great extent. "Pedestrian-friendly environment is being created like the frontage of buildings (six-metre setback) will be used for footpaths," sources said.
To create a model for the influence zone development, the HMDA has asked a consultant to prepare a concept plan for its 18.5 acre land at Moosapet, where the Authority plans to construct multi-storied structures. "The draft development control regulations will be approved by the HMDA at its meeting on May 9. The draft regulations will then be sent to the government for approval. Later, a notification will be issued seeking objections and suggestions from the public before notifying the rules," a senior consultant of the authority said.
INFORGRAPH:
Proposed Influence Zones: Miyapur, Kukatpally, Balanagar, Moosapet, Bharatnagar, Ameerpet, Punjagutta, Erramanzil, Khairatabad, Nampally, Nagole/Uppal, Tarnaka, Mettuguda, Parade Grounds, Rasoolpura, Hi-Tec City, Raidurg, LB Nagar and Moosarambagh
*Locations have been tentatively finalized based on parameters like densification, scope for redevelopment, pedestrian facility, parking space, access to transit stations and multi-modal transportation
20 big, 87 smaller malls on anvil in Hyderabad
Source : Financial Deccan Chronicle Dt: May 4th, 2014.
The mall scenario in Andhra Pradesh, particularly in Hyderabad, is evolving. Four malls are getting ready to be launched within three years and more are in construction or planning stage.
“There are 20 big and 87 smaller malls coming up in Hyderabad, varying with their classification. Some of them are nearing completion while some are stuck because of the slowdown in real estate and retail markets,” according to Anand Sundaram, chief executive officer, Pioneer Property Zone, a firm that specialises in mall management and allied activities.
Typically, malls takes upwards of 60 to 70 months for achieving break even. Many prefer to sell the retail space outright instead of creating an annuity-based asset, he said.
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In Singapore and other places, the mall space ratio is about 30 sqft per person. In India, it is two-sqft mall space per person and in Hyderabad it is about one sqft mall space per person, Sundaram said.
PPZ now manages 13 assets in multiple cities and has added five more projects in Hyderabad recently, for which it will be involved in concept and design, finding anchor and other tenants, deciding on the shop sizes and domains, maintenance of the mall, enhancing foot falls and others.
The projects include the Secunderabad Central Mall at Patny (gross building area of 3,50,000 sqft for retail and entertainment) and Odean Mall (2,10,000 sqft) at RTC X Road in Hyderabad, both by Shanta Sriram Constructions, Youdan Plaza (1,05,600 sqft of gross building area at Abids) by Youdan Infrastructure Projects and one more project, the Kompally Mall.
“Shopping has been traditionally done only in the high streets. The Secunderabad Central Mall hopes to change the shopping experience and range of offerings,” he said, adding that it is likely to take a year or so for completion.
The Odean Mall will be a mid-segment one with a mix of junior departmental anchors, fashion anchors and F&B. The other two malls too are likely to be open to public in 2017.
It already is managing Manjeera Mall at Kukatpally, operational since 2013. Spread across 4.7 lakh sqft, Manjeera Mall has four floors of shopping options in a mix of international and local brands, F&B chains and multiplexes. It will relaunch this after making some changes in about six months.
New malls are coming up in Vijayawada and Visakhapatnam and other areas, Sundaram said.
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In Singapore and other places, the mall space ratio is about 30 sqft per person. In India, it is two-sqft mall space per person and in Hyderabad it is about one sqft mall space per person, Sundaram said.
PPZ now manages 13 assets in multiple cities and has added five more projects in Hyderabad recently, for which it will be involved in concept and design, finding anchor and other tenants, deciding on the shop sizes and domains, maintenance of the mall, enhancing foot falls and others.
The projects include the Secunderabad Central Mall at Patny (gross building area of 3,50,000 sqft for retail and entertainment) and Odean Mall (2,10,000 sqft) at RTC X Road in Hyderabad, both by Shanta Sriram Constructions, Youdan Plaza (1,05,600 sqft of gross building area at Abids) by Youdan Infrastructure Projects and one more project, the Kompally Mall.
“Shopping has been traditionally done only in the high streets. The Secunderabad Central Mall hopes to change the shopping experience and range of offerings,” he said, adding that it is likely to take a year or so for completion.
The Odean Mall will be a mid-segment one with a mix of junior departmental anchors, fashion anchors and F&B. The other two malls too are likely to be open to public in 2017.
It already is managing Manjeera Mall at Kukatpally, operational since 2013. Spread across 4.7 lakh sqft, Manjeera Mall has four floors of shopping options in a mix of international and local brands, F&B chains and multiplexes. It will relaunch this after making some changes in about six months.
New malls are coming up in Vijayawada and Visakhapatnam and other areas, Sundaram said.
Demand for office space in Hyderabad to remain subdued in short-term: CBRE
Business Line, May 2,2014.
The demand for office space is projected to be subdued in the metropolitan area of Hyderabad but relatively buoyant in the IT hubs and corridors, according to real estate consultancy CBRE.
Anshuman Magazine, Chairman and Managing Director of CBRE South Asia, in his analysis states that the demand for office space in Hyderabad is likely to remain subdued in the short-term as corporate occupiers are expected to maintain a cautious outlook amid an uncertain economic and political environment.
Commercial leasing
The IT and extended IT corridor are likely to remain the most active micro-markets for commercial leasing activity in the city. From a supply perspective, around 2.8 million sq. ft. of IT/IT SEZ supply is likely to reach completion in these micro-markets by the first half of 2014.
This significant supply pipeline, coupled with subdued demand levels, is likely to push up vacancy rates, keeping rental values range-bound in the short to medium term.
During 2013, the commercial office market of Hyderabad witnessed leasing activity of 3 million sq. ft., primarily driven by corporate occupiers from the IT/ITeS sector.
The western micro-markets of the IT corridor (Madhapur, Kondapur, HITEC City and Gachibowli) and the extended IT corridor (Raidurg, Manikonda, and Nanakramguda) remained the most active commercial hubs.
IT corridor
The IT corridor continued to attract greater interest from corporate clients in the first quarter of 2014, with significant under-construction developments being pre-committed for space take-up by corporate clients at Madhapur and Kondapur.
While rentals remained stable in the commercial and IT office space segments of this micro-market, it appreciated marginally by 2-3 per cent for select IT SEZs on a quarter-on-quarter (q-o-q) basis. Rentals in the micro-market remained stable.
In the first quarter of 2014, the central business district of Begumpet, Punjagutta, Somajiguda and parts of Banjara Hills saw sluggish office space transactions.
Rental values and vacancy rates remained stable because of limited demand and the absence of any fresh space addition.
Peripheral areas of Shamshabad, Uppal and Pocharam saw sluggish leasing activity during Q1 2014.
Samooha Aerospace Park work set to begin at Hyderabad aerospace SEZ
Source: The Hindu Business Line Nov 1st, 2013
The country’s first Aerospace SEZ is all set to take off with a committed investment of Rs 1,500 crore.
With land allocated to 24 companies, the facility, situated in Adhibatla, about 15 km from the Rajiv Gandhi International Airport, on the outskirts of Hyderabad, will see action beginning on November 4.
At least half a dozen companies will begin work on that day, when the Andhra Pradesh Chief Minister, Kiran Kumar Reddy, is expected to kickstart activity at a foundation laying function.
Creating employment
The ambitious Aerospace & Precision Engineering SEZ will provide the infrastructure for these units to manufacture a range of products needed for the strategic sectors of aerospace, nuclear, space and defence.
The venture can provide direct employment of 10,000 and indirectly to another 18,000 in the next three years, as these manufacturing units, turn fully operational. The projected annual turnover is Rs 2,500 crore and exports to the tune of Rs 400 crore.
SMEs setting up shop
Among the two dozen SMEs that have taken land are Motion Dynamics, Gagan Aerospace, Aeroc Space Tech, Hemmair, Apollo Aerospace, DSR Tech, Lokesh Machine Tools, Gowra, Ratna Tools, Castall Tech, Compu Power, Rolon Seal and Revathy Industries, said M.M. Sreeram, Executive Director of Samuha Engineering Industries.
Samuha is a consortium of aerospace Industries, which will anchor the development of the aerospace park. MTAR, SEC Industries, Ananth Technologies, Zetatek, Scarlet and SKM Technologies are the main promoters.
At present, the Tatas have made major investments in a couple of ventures in the area, including in the SEZ. In the joint venture with Sikorsky, it manufactures helicopter cabins.
"The existence of a large number of SMEs with diverse expertise in Hyderabad has drawn the Tatas in a big way. Similarly, several other multinationals are showing keen interest," Sreeram said.
Offset provides big scope
The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has allocated 193 acres at Adhibatla. Of this 100 acres will be for the SEZ for which the corporation is a co-developer.
The 93 acres in the Domestic Tariff Area (DTA) has been allotted to Samuha as a lead developer and to allot land to other member units, explained Jayesh Ranjan, Managing Director of the corporation.
The Aerospace SEZ will be the country’s first operational facility developed in an integrated manner. Samuha will develop this cluster, he said. Industries will share expertise and strengths in a symbiotic manner to meet big demands, especially that will emerge from the Defence offset policy and other strategic sectors, he told Business Line.
Thousands of crores of business is expected to flow to Indian industry as the offset makes it mandatory for winners of big defence contracts to source at least 30 per cent of the value from domestic industry/institutes.
As part of its effort Samuha will provide a Common Test Facility, Training Centre and Common marketing, HR, and Procurement facilities, exhibition and guest facilities, labs said Sreeram. The equity of the shareholder units will be in proportion to the land holding, he added.
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