ALIENS GROUP PRESENTS ALIENS SPACE STATION at gachibowli

Modi builders Presents 2 New projects SPLENDOR and EMERLAD HIEGHTS

JAIN HOUSING AND CONSTRUCTION PRESENTS NEW LAUNCH AT GACHIBOWLI 3BHKS/1800SFT

BOTANIKA presents 3-5 BHK's.....now

Aparna presents Cyber-Zon

MODI BUILDERS Presents several projects .....

Jain housing & construction launching New Tower 3bhk/18sft,lake facing

Vasanthi Housing Presents Vasathi anandi Happiness at Rs 21.9laks only.............

SALAPURIA SATTVA presents NECKLACE PRIDE

Aliens group....................presents

GREEN HOME presents a new project BEVERLY SLOPES at lakadikapool Offering Villas @ 39 lacs

ARMSBURG PROPERTIES produce a new project MY SPACE at suchitra circle Offering Limited period period offer with full furnished for free

CHENNAMANENI INFRA PVT LTD will produce a new project AVALON COURTS Hyderabad offering Own 2BHK for 13,00,000 hurry to grab the offer

Modibuilders will produce new projects like SPLENDOR at Gagularamaram and EMERALD HIGHTS at Uppal

Dilsukhnagar offers wide residential options:

A part of the Greater Hyderabad Municipal Corporation, Dilsukhnagar is one of the well developed residential areas of Hyderabad. Markets, educational institutions, coaching and training centers, shopping malls and temples are a part of the established infrastructure.

Since it is already a developed residential locality, all types of residential options are available here such as residential houses, multi-storey apartments, single floor apartments and residential plots. The capital value of residences is between Rs 35 lakh to Rs 70 lakh. Residential plots are priced at Rs 20 lakh onwards. Suresh Reddy of Sai Smaran says, “Dilsukhnagar’s rental and capital values have increased in the last few years. Due to its commercial advancement and the upcoming metro line, the property values have surged. People have started preferring Dilsukhnagar as a rental destination due to progress in the civic infrastructure.”

Dilsukhnagar has today, also transformed into a commercial area. The transport network of the locality is one of the prime reasons for its growth. The DSNR Bus Depot and the Dilsukhnagar Bus Stand connect it to neighbouring areas and other parts of the city. The closest MMTS station is in Malakpet. Rajiv Gandhi International Airport is the nearest airport to the area. The upcoming metro will further improve the connectivity of Dilsukhnagar.

“Dilsukhnagar has always been a residential favourite with the locals. However, it is witnessing commercial activity as well. Its commercial angle surfaced with the development of Vijayawada NH-9, Nagarjun-Sagar Highway and Warangal Highway. The traffic condition is expected to ease with the functioning of the new metro line starting from LB Nagar and covering major locations in the Hyderabad Metro limits.”

Dilsukhnagar is also preferred for the historic and natural magnificence. The Asmangadh Fort, Birla Archaeological Museum, Narasimhaswamy Temple and Jain Mandir are some popular tourist spots. Saroornagar Lake adds to its picturesque beauty.

Kanakaiah, a local of Dilsukhnagar, has reviewed this locality on MagicBricks.com as “It is a well established residential locality with good number of commercial establishments. One of the main advantages of this area is that it houses many good schools, colleges, hospitals, shopping centers etc. This attracts a lot of student population to the locality. This area is well connected by public transport (bus) to all parts of the city.”

Sainikpuri: A favoured residential destination:

Lying in the north east zone of the State, Sainikpuri was originally a residential area preferred by retired army personnel. Today, it is considered, one the upcoming premium residential localities undergoing major real estate transformation. Sainikpuri is no longer catering to just army regiment, civilians from the main city parts of Hyderabad and Secunderabad are very keen on properties here.

The old residences of Sainikpuri are slowly succumbing to new constructions undertaken by developers and builders. Multi-storey apartments, residential house, single floor apartment and villa are the prominent structures of the locality. Residential plots are also available in plenty. The capital value of these new residences varies between Rs 17 lakh to Rs 1 crore plus. Residential plots costs Rs 18 lakh onwards. Rent on Sainikpuri starts from Rs 4,500 onwards.

Ram Babu, Proprietor of Green Hood Realtors says “Sainikpuri can be compared to the posh localities of Hyderabad such as Banjara Hills and Jublee Hills. Peaceful locale with abundance greenery can be touted as the main reason for its growing popularity. Improved transport facilities to other areas of Hyderabad and Secunderabad also play an important role in its popularity.”
The connectivity of Sainikpuri is well developed. It is located about 2 km from ECIL Cross Roads, 3 km from RK Puram Railway Station and 6 km from Tirumalgiri Roads. The social infrastructure of Sainikpuri compromises of shopping malls, local markets, health centers, community halls, schools, clinics and restaurants. G P Kumar, a real estate broker of Anmol Reality, says “Sainikpuri located in North-East Hyderabad is close to shopping malls and premier education institute such as Bhavans College and Bhartiya Vidya Bhavan. People from nearby areas prefer Sainikpuri because of its proximity to green areas and the Khapra Lake. Daily requirements of the residents get fulfilled in the self sufficient social structure present.”

Some new and upcoming projects in Sainikpuri are Janapriya Lakefront by Janapriya Engineers and Matrixx Majestic by Matrixx Builders and Developers, among others.

According to Magicbrick’s rates and trends, the quarter on quarter change in average price shows a five per cent increase in price from the last quarter (Jan-Mar 2013).

A robust and growing locality, Sainikpuri will soon emerge as a favoured area to reside, in comparison to the neighbouring localities such as Madhavpuri, Dr. Ambedkar Nagar Colony, Lakshmipuri, Osmania Teachers Colony, Saibaba Officers Colony, Bhasker Rao Nagar, etc.

Srinagar Colony sees high demand from IT professionals:

Located in the western part of Hyderabad, Srinagar Colony has witnessed continuous real estate development. The consistent demand is generated by the working population of the nearby Madhapur Srinagar Colony which was originally a habitat for government gazette officers. However, the old independent houses of the officers are giving way to new multi-storey apartments built by developers and builders.

The residential property market of Srinagar Colony consists of multi-storey apartments and residential houses. The capital value of these residences is between Rs 50 lakh to Rs 2 crore plus. Vikranth S, a real estate broker of SVS Property says, “Srinagar Colony is considered a premium residential area in Hyderabad. It is ideal for people working in the Hi-Tech city, Himmat Nagar and Madhapur. The place is also favoured because of its developed transport network, connecting it to all parts of the city.” Rent in Srinagar Colony is between Rs 7,000-30,000 per month. Ravindra Reddy, a realtor of UNeed Estate says, “The commercial and residential rental value of this locality increases consistently every year. Since the last quarter (Jan-Mar 2013), the rental value has increased by eight per cent.”

Real estate developers involved in Srinagar Colony are Jayadarshini Housing P Ltd, Capstone Construction P Ltd and Vasavi Nirman Developers, among others.

The social fabric of the locality is well developed. It consists of restaurants, supermarkets, banks, malls, IT companies, hospitals and petrol pumps. The popular mode of transport of Srinagar Colony is APSRTC buses. Setwin service, a mini bus service, is also popular amongst the locals. It is also linked with other parts of the city by Begumpet MMTS Railway Station.

“Srinagar Colony is the nerve center of Hyderabad, connecting the commercial and residential zones. It is a good locality in terms of the fundamentals of the area such as malls, shopping centers and educational institutions, hospitals and industrial area, connectivity with government and private companies and recreation areas.

Gachibowli – emerging investment destination

Among the specific locations that are fast emerging as investment destinations in the country include Gachibowli in Hyderabad. A survey by Jones Lang LaSalle on the upcoming investment destinations has listed Gachibowli as the next popular IT/ITES destination of the city after Hitec city.

Gachibowli houses major IT campus developments. While few of these buildings have witnessed pre-leasing by occupiers many of them are expected to witness commitments in near to medium term. The locality witnessed demand mostly from occupiers who opted for SEZ spaces. The IT developments in Gachibowli have attracted various national and local developers to develop their residential projects in this submarket. Currently residential prices are on rise in this submarket and there are new projects being proposed at locations closer to Gachibowli such as Gopanpally, Tellapur and Nallagandla.

Retail in Gachibowli is currently restricted to high streets particularly on Old Mumbai Highway. There are no malls currently operational in Gachibowli. Retailers such as Reliance, Ratnadeep, Café Coffee Day, Subway, Pizza Corner etc. have opened their stores on the Old Mumbai Highway. However the Inorbit Mall at Hitec City is at a distance of 6 km from the submarket. Lanco’s Mega Mall within the Lanco Hills SEZ is launched and it is expected to complete in next three years.

Gachibowli is well-connected by road as the Old Mumbai Highway passes through this submarket. However, the public transport to Gachibowli is not adequate. The Rajiv Gandhi International Airport is well connected to Gachibowli by the Nehru Outer Ring Road. It also houses many educational institutions such as ISB and University of Hyderabad. It has two hotels Hyatt and Regenta One. Continental Hospital is constructing a 700-bed super-specialty hospital in Gachibowli which is expected to be the largest healthcare facility in the city when operational.

Outlook:

Office rents are expected to increase further due to limited supply. Residential sales are also expected to remain strong due to demand from the employees working in surrounding IT/ITeS firms. For retail and entertainment options, Lanco Mega Mall is expected to be operational in the next three years. Availability of land for real estate and infrastructure developments, improved connectivity along with relatively reasonable pricing of real estate than Hitec City submarket is expected to improve the investment potential of Gachibowli in the coming years, says the report.

Eco-friendly homes on the rise in Hyderabad:

Hyderabad has been one of the foremost cities to have warmed up to eco-friendly, sustainable homes. These homes, dotted across localities, offer sky-gardens, service core as a buffer area, tropical landscape in the sky gardens, air spaces and wind scoops, natural ventilation, use of cavity walls for insulation, use of natural materials and reduced use of water and power resources. What people in the city are looking for is a combination of healthy living with lower operational costs.

“A green home is environmentally responsible and able to consume less energy, not only during its construction, but also while it is occupied. It has the ability to supplement its energy demand on its own by using renewable sources. It consumes less water and has provision for capturing and recycling this scarce resource,” stated Mili Majumdar, Director, Sustainable Habitat Division, The Energy and Resources Institute (TERI) at a Green Webinar held by MagicBricks.com.

Hyderabad has always been a centre of excellence in terms of green buildings. The CII-Sohrabji Green Business Centre is one of the few buildings, which was awarded the ‘platinum’ rating by the Leadership in Energy and Environmental Design (LEED) way back in 2004. It was the greenest building in the world in that era. Today, more than 20 buildings are certified by LEEDs in Hyderabad. Although the number of green buildings is growing steadily, there is a lot to be done vis-à-vis India’s global footprint in this segment – and Hyderabad looks like a torchbearer indeed.

Recognising the role of local bodies in promoting environment-friendly practices in real estate development, the Greater Hyderabad Municipal Corporation (GHMC) has taken steps to provide 10 per cent concession on property tax on using solar water heating equipment. Furthermore, an additional concession of 10 per cent is granted on developing water harvesting infrastructure. The Corporation has also reduced the impact fee for developers who adopt environment-friendly practices in their projects.

Property market in Hyder Nagar: Slow but steady:

Hyder Nagar lies on the western zone of Hyderabad and is enclosed by popular residential areas such as Kukattapally, Miyapur and Nizampet Village. The locality is slowly rising up the popularity charts because of its connectivity and social infrastructure.

The residential property market of Hyder Nagar is still developing. The inventory stock consists of single floor apartments, multi-storey apartments and villas. The capital value of these properties is between Rs 51 lakh to Rs 1 crore and above. Some projects launched in Hyder Nagar are SMR Vinay Fountainhead by SMR Builders Pvt Ltd, Janapriya Lakefront by Janapriya Engineers, Suchirs Odyssey by Suchirindia Infratech P Limited, Aliens HUB by Aliens Group, Rock Cliff by Tirtha Projects India Pvt Ltd, Fortune City by Bhashyam Developers, RNS Dream Homes by Bommaku Constructions and Avalon Courts by Chennamaneni Infra Pvt Ltd, among others.

“The property market of Hyder Nagar is presently stable. There are no major developments taking place. However, the locality offers good connectivity through roads and railways which makes it an ideal residential area.” Rent on Hyder Nagar ranges between Rs 12,000-25,000 per month.
The locality is well connected by the Mumbai Highway, National Highway-9 and Outer Ring Road. There are two MMTS Stations located near this locality – Hafeezpet and Hyder Nagar. Popular modes of transport are buses, autos and cabs. Sudheer Bala, a local of Hyder Nagar commented on the MagicBricks.com website, “The distance between Hyder Nagar and Mumbai Highway is 1.5 km, Hi-Tech City is about 6 to 7 km, and Gachibowli is about 10 to 12 km.”

The social fabric of the area is also gradually improving. Hospitals, medical clinics, local shopping markets, restaurants and schools are present in the area. Jawarharlal Nehru Technological University is also located near Hyder Nagar.

“Hyder Nagar property market has got medium response from consumers. Irrespective of the demand, developers are constructing new structures as the area is endowed with good roads and other means of transport. This gives Hyder Nagar better prospects of growth.”

Govt set to hike land value by 20% in Hyderabad

After enhancing fee for encumbrance, marriage certificate and other services of the registration and stamps department a couple of months ago, the state government is contemplating increasing land value, both agriculture and non-agriculture, for registration purposes soon. If land value is increased, property buyers will have to pay more towards registration and stamp fee.

Revenue officials said land values were last revised two years ago in August 2010 and since then revision has not taken place due to various reasons. Then, the state government had decided to increase basic land value annually on August 1. The registration and stamps department had prepared proposals by July-end this year. However, revision of land values was kept on hold in view of hike in EC, marriage certificate, gift deed and other services this year.

“When the proposals for revision of land values were prepared in July, the district registration authorities were asked to enhance up to 60% over the prevailing land rates. However, rates are likely to be increased by 20% on the existing land value next month,” a senior official of the registration and stamps department told TOI.

For instance, government value in Ghatkesar area is Rs 2,300 per square yard, which is likely to be increased to Rs 2,700 per sq yard. Similarly, in Almasguda village near L B Nagar it is Rs 1,750 per sq yard, it might be revised to Rs 2,000 per sq yard.

Sources said details of land registrations (transactions) in various sub-registrar offices, especially in surrounding Rangareddy district, were taken for the revision of land value recently. For instance, the number of transactions was more in areas abutting the Warangal state highway like Boduppal, Medipally and Ghatkesar where rates would be increased. Similarly, land value in Shamirpet, Medchal, Kukatpally, Serilingampally and Gachibowli would be enhanced. In areas like Shamshabad, Maheshwaram, Hayatnagar mandals, the rates might remain unchanged as there were not many transactions.

On the other hand, realtors are worried over the proposal to hike registration and stamp duty. “Real estate started gathering momentum just recently. If the registration and stamp duty is hiked, there will be some impact on prospective buyers.

PBEL CITY - Great Apartments at the Ideal Location:

Away from the bustle of the city yet convenient enough for easy connectivity,PBEL CITY invites you to join its community. The township offers state-of-the-art amenities to its members and high rise apartments of quality construction. This is Hyderabad's most vibrant township. Who knows? This might just be the dream home you are looking for!

Andhra Pradesh Industrial Infrastructure Corporation to rope in professionals to market its project :

With many plots in special economic zones (SEZ) and industrial parks, developed by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), lying vacant due to lack of poor marketing, the corporation has decided to rope in professionals to market its project like private developers.
For marketing and promoting its SEZs and industrial parks, the APIIC is now in the process of hiring marketing and communication managers. The marketing professionals will knock on the doors of big industrialists and promoters and invite them to set up shop at the SEZs and industrial parks.
As of now, 115 SEZs, mostly in the past decade, have come up in the state. Of them, 76 SEZs were notified and others have formal approval. Among the notified, 17 were promoted by APIIC. Another six SEZs were taken up as joint venture projects like Fab City in the city and Ramky Pharma City in Visakhapatnam. Similary, 30 SEZs were promoted by private developers and 21 were developed by private parties with the assistance of APIIC.
“APIIC is developing an international leather park in Krishnapatnam in an extent of 487 acres (50 plots) by pumping in Rs 172 crore. Our marketing team will meet 20 industrialists and entrepreneurs working in the leather industry and present facilities and features being provided at the park (on the lines of a Chittoor-based SEZ promoter),” APIIC vice-chairman and managing director Jayesh Ranjan told STOI.
Apart from the leather park, APIIC has proposed to develop a ‘Games City’ in Raidurg for gaming, animation media and entertainment in an extent of 30 acres on the lines of the Singapore Multi Media Super Corrdior and Dubai Media City. Similarly, Financial Tower is being developed by the Infrastructure Corporation in 302 acres in Nanakramguda with four lakh built up space, which needs a good marketing strategy.
Officials said over 1,500 plots ranging between five acres and 25 acres (nearly 2.91 crore square metres) were lying vacant in industrial parks in the state, including 496 plots in Shamshabad, 137 in Jeedimetla industrial area, 108 in Patancheru, four plots in Moula Ali, 366 plots in Kurnool and 166 plots in Visakhapatnam.
“Lethargic APIIC officers do not even make any effort to attract entrepreneurs. Even if any entrepreneur goes to them seeking land allotment, they make him do the rounds for getting a plot,” an industrialist remarked.
However, officials claim since April plot allotment application was posted online to simplify procedures and ensure hassle-free clearances. They said nearly 1,500 applications were received online and over 600 were cleared till this month.

Registration of APHB projects put on hold:

Property registrations of various residential and commercial projects being taken up jointly by the Andhra Pradesh Housing Board (APHB) and private players have come to a standstill. Property buyers are worried as the APHB has not taken any steps to clear hurdles.

The registration of properties was put on hold as deadline for completing projects and power of attorney, which was given to private developers by the Board, has expired in February. APHB has to extend the power of attorney and deadline for completing projects, but requests of developers to this effect have been pending with APHB for the past six months.

Initially, the property developers and buyers thought the extension might be given in a couple of months. The APHB meeting was last held in May. Since then, the Board has not met as there was no regular vice-chairman and managing director.

APHB has taken up joint ventures like Cyberabad Hitech Integrated Development Corporation Pvt Ltd in Kukatpally in 65 acres, Indu Eastern Province in Bandlaguda near GSI in 50 acres, other projects in Kukatpally and Gachibowli by Serene Estates Pvt Ltd, Manjeera Constructions Ltd, Madhucon Projects Ltd, Ramky Towers, DLF Commercial Development Ltd, Babji Relators Pvt Ltd and Vasantha Projects Ltd.

Officials said the projects were taken up with 40% residential component and 60% commercial space. Of 21 projects, 16 were taken up in Hyderabad, the rest in other cities like Visakhapatnam, Warangal and Khammam. Most projects began in 2007 and 2008 and were supposed to be completed within 24 to 36 months, depending upon the size of the project. Two projects in Kukatpally were completed, while the rest were at different stages of completion. Some projects got delayed due to reasons like delay in handing over land and permissions from civic bodies.

As the projects were getting completed (various blocks), the developers began selling space to prospective buyers. For instance, three blocks of Madhucon Projects Ltd in Kukatpally were completed and another block was yet to be taken up due to land dispute. Since the deadline for various projects expired in February, property registrations were stopped in May.

The project developers approached APHB for extension. The then APHB vice-chairman and managing director Sanjay Kumar put the extension proposal before the APHB board meeting in May. The Board asked developers to furnish details like status of works, audit reports and other information apart from legal opinion on the extension. By the time the developers furnished the information, the APHB VC &MD got transferred. Since then, housing secretary Karikal Valavan has been acting chief of APHB and the Board has not met to take a decision on extension of time and registrations. When contacted, APHB project coordinator V Nagarjuna admitted that registrations were put on hold. He said it would be sorted out soon.

‘Anywhere Registration’ of property back on rails

HYDERABAD: After initial hiccups, the ‘Anywhere Registration’ of property project is back on the rails. The Stamps and Registrations department is all set to launch the project in two more districts, Medak and Nalgonda, on Monday. Sources said by the end of June, the facility will be available throughout the state.
The ‘Anywhere Registration’ of property project allows a citizen to register his or her property in any of the Sub-Registrar Offices (SROs) within the district. The facility has several advantages for the state as well as the property owner, including convenience, simplification of the process as the citizen can get the property registered at an office where there is no rush, and even distribution of work as far as the state is concerned. As per the existing system, a property can be registered only at the sub-registrar office where its jurisdiction falls.
In all, there are 432 SROs spread across 38 financial districts in the state. On an experimental basis, the state launched the ‘Anywhere Registration’ of property facility in Hyderabad district on February 1, 2013, and in Rangareddy district on March 1. Rangareddy district, which continues to witness the maximum property transactions in the state, has 34 SROs with the one at Qutuballapur the busiest. Hyderabad has 11 SROs. “The project is a big success, as within a short time, we found that about 11% of the total property registrations were intra-district, meaning taking place at other SROs than where the property was located,” said Vinod Kumar Agarwal, principal secretary, stamps and registrations, revenue department. In Hyderabad district, sleepy SROs like the one in Charminar began registering about 1,200 registrations a month as against the earlier 400 registrations.
However, the expansion was opposed by the sub-registrars, who claimed that the project has many pitfalls, and should not be extended to other districts unless the issues are addressed and sorted out. It is common knowledge that the maximum corruption takes place in the stamps and registrations department in view of the land deals with the Anti Corruption Bureau (ACB) sleuths trapping nearly one case on a daily basis there. “There was opposition to the project from several ‘lucrative’ SROs as they stand to lose the revenue that goes into their pockets once the registrations take place in other offices,” said sources.
Determined to stall the project, The AP Sub-Registrars Association met stamps and registration minister Thota Narasimham on March 13. Following their representation, the minister issued orders suspending the expansion of the project to other districts with effect from March 15 until a department study report addressed the issues raised by the sub-registrars and submitted a report suggesting ways and means to fix it. In all, the sub-registrars had raised six points.
First of the objection was that in Hyderabad and Rangareddy, where the project is in place, the SRO where the registration is taking place is not obtaining the consent of the SRO concerned (where the jurisdiction of the property falls) before registering the property. To this, the study report maintained that details of all properties are available online and therefore, there was no need to secure the consent of the SRO concerned before the property is registered.
Secondly, the sub-registrars contended that in the ‘Anywhere Registration’ facility, the owner’s name, survey number, extent of the property and classification are not detailed and that this can give rise to double registration. But, according to the study report, in the existing system too, the owner’s name and extent of the property are not recorded. Therefore, double registration is not an issue unique to the new facility, it was stated.
Based on the findings of the study report, minister Narasimham okayed the extension of the project to other districts in the second week of May and the department on Saturday issued orders for launching “Anywhere Registration” of property in Medak and Nalgonda from Monday.
A hassle-free property registration

The ‘Anywhere Registration’ project allows a citizen to register his or her property in any of the Sub-Registrar Offices (SROs) within the district.
The project was launched on an experimental basis in Hyderabad and Rangareddy districts earlier this year.
It proved to be a huge success with number of registrations in a ‘sleepy SRO’ like Charminar going up from 400 in a month to about 1,200 now.
However, following complaints from several ‘lucrative’ SROs against the project, stamps and registration minister Thota Narasimham on March 15 suspended the project and sought a departmental report.
Following the study report, the project is to be launched in Medak and Nalgonda districts on Monday, and later extended to all districts in the state.

Property tax likely to be doubled in Hyderabad:

Residential property owners may have to shell out more tax, what with the Greater Hyderabad Municipal Corporation (GHMC) planning to double the tax. On the other hand, property tax of commercial properties in L B Nagar, Uppal, Malkajgiri and Qutubullapur municipal circles may be reduced by 15-20%, according to the authorities.

The area under GHMC has been divided into 115 zones and 344 sub-zones based on abutting main roads, internal roads, lanes and bylanes.

According to sources, the GHMC tax wing suggested hiking minimum property tax to 80 paise per square feet (sft) from the existing 40 paise and the maximum tax at Rs 3.75 per sft from the existing Rs 1.25. Slums and areas with poor infrastructure would be levied a minimum rate, while property owners in upmarket areas like Banjara Hills and Jubilee Hills would have to pay Rs 3.75 per sft. However, about 80% areas would be in the Rs 2 to Rs 2.25 per sft category.

The exercise of revising property tax in July is based on the Annual Rental Value (ARV) of the residential plots after the division of the area into zones and sub-zones as the value of the building or land is based on location, type of construction, plinth area, age of the building and nature of usage. It also depends on civic amenities like water supply network, roads, street lighting, factors like educational and medical institutes, markets, shopping complexes, parks and playgrounds, banks, public offices, factories and industrial areas and other development activities.

Deputy municipal commissioners of respective circles have prepared the proposals by dividing areas into territorial zones and sub-zones and fixed ARVs. “Twenty per cent properties were surveyed before fixing the ARV,” a tax wing official said. “A committee has been formed at the GHMC headquarters. It will go through ARVs of properties and proposed rates. Once the committee gives its clearance, a draft notification will be issued declaring the proposed rates. Then, the GHMC will seek objections and suggestions from citizens by giving 15 days time,” a senior GHMC official said.

On the other hand, taxes on commercial buildings might reduce by 20% as there were allegations that property tax was increased abnormally during revision in 2007. Commercial property owners alleged that tax rates in some erstwhile municipal circles were on a par with the upmarket and busy commercial areas like Abids and Ameerpet. GHMC officials admit that there were mistakes in demarcating zones to fix tax rates and these were being rectified now.

Affordability & connectivity pushes realty demand in Kompally:

When Vinay Sharma shifted to Hyderabad from New Delhi, he decided to rent an apartment in the Kompally area due to affordability. “We were looking for a three bedroom apartment as my parents stay with me. We got a flat in Kompally for less than Rs 10,000,” says Sharma, an IT company employees. Three years down the line, he is all set to buy a three bedroom apartment as he believes it will be a good long term investment with Hyderabad Metro coming up and outer ring road in place (ORR).

Affordability and connectivity – these are the two key drivers of real estate market in the Kompally, Dhulapally, Gudlapochampally and Medchal areas, once considered to be the destination for large farm houses and Dhabas. Some of the biggest construction companies continue to invest in these areas. As a result, quite a number of prestigious projects are coming up in this area include A LA Mansion by Ashoka Builders, Villa Grande by Aditya Constructions, Splendid Aparna Palm Meadows, Grande by Trident Properties, The Neighbourhood by Koncept Ambience and Grand Vie by Oorjita Builders.

“Some of the projects are in various phases of construction like Aparna Kanopy Tulip spread across 65 acres. Trident Grande Phase II is coming up with 100 high-rise apartments. RK Constructions is planning 1,200 budget apartments,” says Shailender Singh, managing partner of property and real estate consultancy firm – Goodwill Coordinators.

According to him, these areas are preferred due to accessibility, affordability and connectivity. `This is 12 kms away from Paradise, 6 kilometres from Mahindra Tech Park and 7 kms from Bowenpally. ORR passes through this region and first phase of MMTS connects Secunderabad to Medchal,”

While a 500 square yards bungalow with a built up area of 3500 square feet in Kondapur and Gachibowli areas can cost a whopping 3.5 crore to 5 crores. The same or superior quality bungalow in Kompally surroundings will cost 1.3 to 1.5 crore. A good apartment in Hitech City and Gachibowli areas cost a minimum of Rs. 3,000 per sft to Rs.5,000 per sft and where as in Kompally surroundings the best of apartments of same quality or better would cost Rs. 1850 to 2200 per sft .

Another advantage of these areas is that these are pure residential zones and will be a preferred destination for end users and long term investors. “Fresh air and green spaces are a guarantee in these localities. Residential development is more organized and these areas are known for fertile land and good ground water since years as compared to the rocky areas which are being converted into expensive residential destinations,”

There are plenty of entertainment options in these areas. Many branded and non-branded eateries dot these localities. These areas also house the wellknown landmarks Runway 9, Cineplanet Multiplex and convention centres. A hypermarket is coming up in this area. Education Institutes and Schools in this region include Loyola college, St.Martins college, C.M.R College Schools, Suchitra academy, Sadhu Vasvani international School, D.R.S International, Sree Chaitanya techno school, Unicent school, Neeraj International school, St Ann’s School and Oakridge International School.

“Located on the northern side of the city, Kompally -Mechal areas are emerging as preferred residential project centres. Apart from people who are working with companies in Gachibowli-Madhapur areas, many people from Secunderabad are investing here for a second home due to the green environment and good amenities associated with new apartments and independent houses here,” says Anand Reddy, executive director, PBEL Property Development.

Some of the healthcare facilities here include Aarshita hospital, Surekha Hospital,R.R. Hospital, Balaji Hospital and Harsha Hospital. “The clients should cash in on the 6 months to 1 year window in these areas to invest and reap benefits in the future. People will soon stop looking at distance travelled against time travelled to work just like in the West and start living in pure residential areas to provide better living to their families,”

Real estate market in Malkajgiri rides on infrastructure:

One of the populated towns of Ranga Reddy district in the suburbs of Hyderabad, Malkajgiri, falls under the Greater Hyderabad Municipal Corporation. The major neighbourhoods of Malkajgiri include Mallikarjuna Nagar, Safilguda and Anandbagh. Close proximity to Hyderabad, transport network and social infrastructure are the main reasons behind its popularity.

The types of buildings found in Malkajgiri consist of multi-storey apartments and residential houses. Residential plots are also available in plenty. The capital values of the residences range between Rs 10 lakh to Rs 85 lakh. The capital value of residential plots is Rs 42 lakh onwards. Sai Krishna, a real estate broker of Wings Property Consultants says, “Malkajgiri is a thriving residential area. Investment in this locality will prove to be fruitful as it is already a developed locality. Commercial showrooms and other social aspects are also present here. Nearness to Secunderabad Station and easy accessibility to all locations of Hyderabad proves to be an added advantage.” The rental value of residences here is low, between Rs 7,500-10,000 per month.

The social infrastructure of this locality compromises of malls such as CMR and Anutex, local shopping areas, banks, medical clinics, schools such as DAV Public School, Bhega’s High School, Bhasyam Public School, Podar Jumbo Kids and Siddhardha Convent High School, among others. Famous colleges such as Sri Chaitanya Narayana Junior College and St Ann’s College are also present here. Srinivas Reddy, a realtor of Home n Property Guides says, “The social fabric of this locality is self equipped. Locals do not need to travel to nearby areas for their daily necessities. Malkajgiri is famous for housing several reputed international, central and state schools.”

The transport network of Malkajgiri is well built. Major roads such as Malkajgiri Road, Pilot Raj Kumar Road and ECIL X Road connect it to the other parts of Hyderabad. The nearest railway station is the Malkajgiri Railway Station. Malkajgiri is approximately 3-km from Mettuguda Junction and less than 15 to 20 minutes drive from Secunderabad Railway Station. Mamatha, a MagicBricks.com reader commented on the website, “Malkajgiri is the best residential area with close proximity to Secunderabad Railway Station. It has got the best bus facility with the highest number of buses running on this route. The local train stations also make it convenient for the people to travel to distant places via train or metro.”

Land Acquisition Act to be used to take over properties:

 Mayor Mohd Majid Hussain has directed Greater Hyderabad Municipal Corporation (GHMC) officials to acquire properties under the Land Acquisition Act if property owners do not come forward for negotiations. He also asked the town planning officials to file caveat in court cases to prevent status quo in land acquisition cases.
Speaking at a review meeting with the town planning officials on road widening issues, the mayor said the Lakdikapul parallel bridge got delayed due to court cases otherwise it would have been inaugurated a year ago.
Majid Hussain said the GHMC was spending about Rs 294 crore on flyovers, bridges, another Rs 94 crore on developing link roads and Rs 225 crore on road widening works. The mayor also called for explanation from officials on why a huge number of land acquisition cheques had expired and directed them to set some deadline for revalidation.
He further directed the town planning officials to submit a report on the number of approvals that were given by the GHMC standing committee for land acquisition, proposals processed and number of cheques that had lapsed. The Land Acquisition wing officials explained that revalidation of cheques were getting delayed due to legal heir issues and said the process of revalidation would be simplified to save time. He directed the officials to dispose of all cheques that were ready in 10 days.