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Latest News In and Around Hyderabad & Other Cities of AP

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Latest News In and Around Hyderabad & Other Cities of AP

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  • Re : Latest News In and Around Hyderabad & Other Cities of AP

    Land survey in Telangana after 90 years, set to cost government Rs 600 crore

    Chief minister K Chandrasekhar Rao announced that the digital survey of farm lands would be taken up soon with land coordinates and asked the officials to float tenders for the same.
    HYDERABAD: Nearly after 90 years, a comprehensive land survey will be taken up in Telangana. The digital survey is being taken up to end land disputes and also to have transparency in the land records.

    Chief minister K Chandrasekhar Rao announced that the digital survey of farm lands would be taken up soon with land coordinates and asked the officials to float tenders for the same.

    Official sources said the last survey was done in Telangana in 1930s during the Nizam’s rule. A town survey was done in Hyderabad in 1970s. Since the CM announced agriculture land survey, it is likely to be taken up in nine erstwhile districts of the state except in Hyderabad.

    The revenue department has started gathering information how other states, such as neighbouring AP, Odisha, Rajasthan and Bihar, have done the land survey. According to the estimations of the survey department, at least Rs 600 crore to Rs 700 crore is required and it will take a minimum of two years to complete.

    “We are working out the modalities for the land survey. The mode of survey, technology, cost factor and other details are being looked into. The government will finalise the modalities in a couple of days before calling for expression of interest from the firms,” L Shashidhar, survey, settlement and land survey commissioner, told TOI on Friday. He said the government may opt for hybrid technologies keeping the different terrain of the state in view.

    Sources in the government said even in digital survey, technology will be a factor. AP had taken up a survey through drones to collect digital photographs of lands. Differential global positioning system (DGPS), electronic total station (ETS) and high resolution satellite images and lidar (light detection and ranging) survey are available.

    Officials said the land survey is necessary as there is no match between the land registered and land in the field. “Digitisation and demarcation of government, private and forest land will help various agencies to identify and protect government and forest land,” a joint director of revenue department said.

    The state government first proposed the land survey in 2017 after taking up the land records updation programme (LRUP). But, the survey could not be taken up as many land records were yet to be cleared, especially those in dispute, and because of lack of funds. Several village maps, field measurement books or tippons and sethwars, which are considered the original parent records which provide classification of the land, extent and pattadar names, are missing in the state.











    Land survey in Telangana after 90 years, set to cost government Rs 600 crore, Real Estate News, ET RealEstate (indiatimes.com)
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    • Re : Latest News In and Around Hyderabad & Other Cities of AP

      Hyderabad's peripheries see sharp rise in land rates in 12 months

      Market estimates show that rates across areas such as Shadnagar, Kothur, Medchal that hovered in the Rs 1 crore to Rs 2 crore per acre range until last year, have more than doubled now to touch Rs 3.5 crore to Rs 4 crore per acre.
      HYDERABAD: Home to rows of sprawling bungalows, while Jubilee Hills continues to be Hyderabad’s most expensive realty pocket, it’s the city’s periphery that’s witnessing a faster escalation in land values, of late.

      Market estimates show that rates across areas such as Shadnagar, Kothur, Medchal that hovered in the Rs 1 crore to Rs 2 crore per acre range until last year, have more than doubled now to touch Rs 3.5 crore to Rs 4 crore per acre.

      Each of these areas are at least 30 to 40 km (average) away from Hyderabad’s IT corridor – the Gachibowli-Financial District stretch. Land rates in pockets within a 10-km radius of this tech hub, of course, have crossed the Rs 50 crore mark. Some land owners in Kokapet, for instance, are believed to be quoting up to Rs 60 crore for an acre. It was limited to Rs 30 crore to Rs 35 crore until recently.

      In comparison, Jubilee Hills has seen little change in value. It continues to remain at Rs 1.2 lakh to Rs 1.5 lakh per square yard -- about Rs 65 crore to Rs 70 crore an acre – with some land deals hitting Rs 2 lakh per square yard. Since land parcels here are small in size, the calculations are usually done in square yards.

      “Jubilee Hills is certainly is the most sought-after address among Hyderabad’s upwardly mobile. But the deals here are far and few between. Hence, the rates remain unchanged. Also, there’s no permission for high-rises in this pocket; that limits construction activity,” said a prominent builder attributing the rise in the peripherals to Hyderabad’s growth and unlimited FSI (floor space index) -- only city in India where builders are allowed to construct as much as they want on a piece of land.

      According to Veera Babu, managing director of Cushman & Wakefield (Hyderabad) the robust momentum in commercial office/residential/industrial markets has resulted in a steep rise in land values over the last four-five years.

      “A positive outlook on rapid growth, expansion beyond ORR in all directions is driving a large part of the demand, and as always, higher investor interest leads to speculation. Besides NRIs, investors (as well as end-users) from neighbouring states and other parts of the country are also pushing the price curve steeply upwards, causing an unprecedented short-term price movement in the market,” he said.












      Hyderabad's peripheries see sharp rise in land rates in 12 months, Real Estate News, ET RealEstate (indiatimes.com)

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    • Re : Latest News In and Around Hyderabad & Other Cities of AP

      In 6 years, Hyderabad luxury housing segment saw 26% jump in rentals: Report


      TNN | Updated: Mar 2, 2021, 10:43 IST

      The city also saw increased office leasing activity over the year by several large companies who are either lo...Read More

      HYDERABAD: The growing demand for bigger houses, especially with work-from-home becoming the new normal, has led to Hyderabad’s rental market booming, show market reports. And leading this trend is the city’s primary IT hub: Hi-Tec City. The luxury residential segment here (houses above 2,000 square feet in size), witnessed a 26% jump in rentals between 2014 and 2020 – highest among the top seven cities of India – reveal Anarock Property Consultants’ latest survey.



      In comparison, the increase in average monthly rentals, for the same period, along Gurgaon’s Golf Course Road, stood at 17%. Apart from the growing need for larger spaces, the rise in commercial transactions in Hyderabad, is another reason for this hike in rents. "The city also saw increased office leasing activity over the year by several large companies who are either looking to establish their base or expanding their already-existing business. This in turn is leading to high demand for residential spaces by the employees migrating to the city,” said Anuj Puri, chairman of Anarock predicting a further rise in rentals, growing forward. “These may range anywhere between 3% and 7% over the next one year. As long as office leasing activity continues to grow in the city, demand for residential rentals will only rise,” he added.

      In fact, this is likely to be true of most leading cities, the Anarock report states, pointing out how the luxury market across Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Bengaluru, Pune and even Hyderabad has growth consistently by 3% to 6% per year, post 2014.

      “After a setback due to Covid-19, it appears to have recovered with demand for rental luxury properties back almost to pre-Covid levels. Monthly rentals in some localities have begun rising. With vaccinations rolling out and positivity returning, these markets will pick up new momentum,” the report said.












      In 6 years, Hyderabad luxury housing segment saw 26% jump in rentals: Report | Hyderabad News - Times of India (indiatimes.com)


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      • Re : Latest News In and Around Hyderabad & Other Cities of AP

        Smartworks leases 2.5 lakh sq ft in Hyderabad's Aurobindo Galaxy

        Smartworks is on an expansion spree—planning new facilities in Noida, and more coworking spaces in IT hubs of Hyderabad, Bengaluru and Pune—as demand for flexible office spaces surges in post-lockdown India.
        NEW DELHI: Smartworks, a homegrown co-working startup, has leased 2,50,000 square feet in Hyderabad’s Aurobindo Galaxy, taking its total operational space in the city to 4 lakh square feet, a senior executive of the company said on Tuesday.

        This, at a time demand for flexible office spaces has risen after pandemic-induced lockdowns. Companies are weighing a hybrid working model—work from home and office—amid the need to maintain social distancing to reduce the risk of contracting the novel coronavirus.

        In fact, Smartworks is on an expansion spree—planning new facilities in Noida, Uttar Pradesh, and more coworking spaces in Hyderabad, Bengaluru and Pune.

        “We have actually doubled our footprint in Hyderabad. Hyderabad is an important part of our strategy. After Bangalore, it is the largest in terms of size and potential. Our first facility, Purva Summit, is 80-85% occupied by enterprises and high-growth startups,” said Neetish Sarda, founder at Smartworks.

        According to Sarda, 30-35% of the new facility has been booked by enterprises.

        Centrally located in the city’s business hubs, Aurobindo Galaxy scores on the connectivity front as well, with quick access to Hyderabad airport, metro stations, commercial establishments and residential areas. It is the tallest commercial office tower in India built with precast technology.

        “We are witnessing high demand and enquiries from enterprises, our new facility is 35-40% booked already. With the workforce returning to work, they (companies) want to solidify their workspace strategy going forward. We remain optimistic about the flex space growth and momentum,” Sarda said.

        Average seat cost in a traditional office space is around Rs 14,000-15,000 while Smartworks offers a seat at around Rs 10,000-12,000. The new facility will offer close to 4,000 seats.

        Smartworks acquires an entire building and converts it into a coworking campus, unlike other coworking operators that usually acquire a floor or portions. According to JLL, the current market penetration of flex spaces in total office space stands at 3.0%.

        In 2021, India is expected to witness deeper penetration of flex spaces as corporate occupiers continue to shift away from long-term capital-intensive commitments. Flexible space solutions will be leveraged to satisfy temporary space needs, support a more mobile workforce and enter new geographies.

        “In fact, driven by increased demand from large enterprises, we expect the size of the flex space market to reach nearly 39 million square feet in 2021,” JLL said.












        Smartworks leases 2.5 lakh sq ft in Hyderabad's Aurobindo Galaxy, Real Estate News, ET RealEstate (indiatimes.com)
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