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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

    HC stays auction of five land parcels in Vizag under Mission Build Andhra Pradesh

    The state government has issued separate GOs to sell land parcels located at various places in Visakhapatnam city and NBCC was roped in conduct the auction. Consequent to the MoU, NBCC issued e-auction notification inviting bids.
    VIJAYAWADA: The Andhra Pradesh high court on Friday stayed the auction of five land parcels at Visakhapatnam under Mission Build AP programme and issued notices to the state government to file an affidavit.

    A Public Interest Litigation (PIL) petition has been moved challenging the notification issued by NBCC, inviting bids from the intended buyers.

    The state government has issued separate GOs to sell land parcels located at various places in Visakhapatnam city and NBCC was roped in conduct the auction. Consequent to the MoU, NBCC issued e-auction notification inviting bids.

    One Kanneganti Hima Bindu from Vijayawada moved the high court with a PIL challenging the GOs and the e-auction notification.

    B Nalin Kumar, counsel for petitioner, argued that the high court has stayed all further proceedings in similar matters where the government land is put on sale under the same scheme. As the matters are pending for adjudication before the high court, the state government has issued separate GOs for the sale of five land parcels at Visakhapatnam. He said that they are challenging the sale of government land as in other petitions and sought interim directions to stay all further proceedings as the bids have been already received by NBCC.

    Arguing on behalf of the state government, additional advocate general Ponnavolu Sudhakar Reddy said that the intent of the petitioner is to stay the process that was intended for welfare of the poor. He said several attempts were made in the past to choke the government and they have filed another petition in the name of a PIL to prevent the government from functioning. He said that the petitions are not maintainable as it was the policy decision of the government.

    However, the arguments of Reddy did not impress the high court bench comprising Chief Justice Arup Kumar Goswami and Justice C Praveen Kumar. The bench observed that as the similar matters are in pending for adjudication, there shall be a stay on all further proceedings and asked the state government to file counter affidavit. Further hearing of the matter has been posted to July 15.

    The state government has issued separate GOs to sell land parcels located at various places in Visakhapatnam city and NBCC was roped in conduct the auction. Consequent to the MoU, NBCC issued e-auction notification inviting bids.













    HC stays auction of five land parcels in Vizag under Mission Build Andhra Pradesh, Real Estate News, ET RealEstate (indiatimes.com)

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

      Under Hyderabad civic body limits, 9% STPs in societies & complexes defunct

      Officials said that the department will soon take action against the gated communities and other establishments that are not following the norms.
      HYDERABAD: The municipal administration and urban development (MAUD) department found that around nine per cent of the existing Sewage Treatment Plants (STPs) in gated communities and commercial complexes under Greater Hyderabad Municipal Corporation (GHMC) limits are non-functional owing to the lack of maintenance, while another 9.4 per cent of them are yet to be constructed.

      Officials said that the department will soon take action against the gated communities and other establishments that are not following the norms. “Due to non-maintainence of STPs in these gated communities and other apartment complexes, treated water is not being used for gardening, cleaning and other non-domestic purposes. It was also found that several STPs were not constructed despite the relevant authorities issuing the occupancy certificate,” said an official.

      According to the audit analysis given by the officials, the total private STPs in GHMC, HMDA and Telangana State Industrial Infrastructure Corporation limits were 628 out of which 537 STPs were audited. The audit of remaining 91 STPs had to be put on hold due to Covid-19.

      Highlighting the issue, a citizen, Sangeetha Maheshwaram tweeted, “Respected sir. Please focus on Sewage Treatment Plants in Gated Communities, Hospitals and Commercial Complexes. They release waste water directly into the nalas. So please set up any cell under MAUD (sic).”

      Responding to the issue, the MAUD principal secretary tweeted, “We have taken up the audit of existing privately managed STPs in such communities and will initiate action against the defaulting gated communities and will ensure STPs are working”.

      The aggregate operational capacity of existing STPs is 154.419 million litres per day (MLD), of which 137.379 MLD of water is being treated. A total of 79.679 MLD of treated water is being used for several purposes every day including gardening, flushing, cooling tower and selling treated excess water to GHMC.









      Under Hyderabad civic body limits, 9% STPs in societies & complexes defunct, Real Estate News, ET RealEstate (indiatimes.com)
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      • Re : Latest News In and Around Hyderabad & Other Cities of AP

        Soon, a 150-acre township project is all set to come up in Shamshabad

        टाइम्स न्यूज़ नेटवर्क / TNN / Apr 29, 2021, 04:10 IST


        Hyderabad: Amid an intensifying second Covid-19 wave, Hyderabad’s realty sector has got a shot in the arm with city-based IRA Realty Tech Pvt Ltd signing a deal for 53 acres, with a group of HNIs (high net worth individuals), to develop an integrated township project in Shamshabad. The deal was brokered by leading real estate consultancy services firm, Jones Lang LaSalle (JLL).

        Speaking about the Rs 1,500 to Rs 2,000- crore-worth project, expected to eventually spread over 150 acres, Narsi Reddy, chairman and managing director of IRA Realty said: “The township will comprise affordable apartments (in the Rs 45 lakh to Rs 50 lakh range), high-end villas (Rs 2.5 crore and above), an international school, hospital and commercial ventures. We have applied for permissions and the project is expected to be rolled out in the next few weeks.”

        As per plan, the school is set to start operations by the next academic year while the villas are likely to be ready in three years. “We are hopeful that the basic infrastructure will be up and running in 18 months,” Reddy said upholding Shamshabad as the next big realty destination of Hyderabad, after the IT corridor. “It has great infrastructure and is not as expensive as Financial District. We see great potential in area and believe we can create valuations to the tune of Rs 1,000 crore here,” he added.

        According to Sandip Patnaik, managing director and head, JLL (Telangana and Andhra Pradesh), Shamshabd has not only seen a significant rise in end-customer demand and since 2018 but also piqued the interest of developers owing to its proximity to commercial hubs. “In the past two years, Shamshabad’s residential as well as plot development projects have seen a significant uptake,” he added.

        According to JLL’s Q1 residential market report, residential sales in Q1 (January to March) 2021 recovered to more than 90% of the volumes witnessed in Q1 of 2020 (pre-Covid) across the top seven cities. Residential market in Hyderabad - particularly the Gachibowli -Manikonda-Kukatpally belt accounted for more than 65% of the sales during the quarter.







        Soon, a 150-acre township project is all set to come up in Shamshabad | Hyderabad News - Times of India (indiatimes.com)
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        • Re : Latest News In and Around Hyderabad & Other Cities of AP

          Pandemic-induced slowdown returns to haunt realty sector in Andhra Pradesh

          The real estate sector, which was slowly returning to normalcy after the effects of the first wave of Covid-19, is again facing challenges during the second wave of the pandemic in cities like Vizag and Vijayawada.
          VISAKHAPATNAM: The second wave of Covid-19 may lead to a downward revision in ratings of real estate projects in Andhra Pradesh due to delays and other issues. The developers are facing shortages and logistical problems with transporting construction material to sites as well as problems with labour. There may also be bottlenecks caused by drops in the production and transportation of the construction materials.

          The real estate sector, which was slowly returning to normalcy after the effects of the first wave of Covid-19, is again facing challenges during the second wave of the pandemic in cities like Vizag and Vijayawada.

          Speaking to TOI, B Raja Srinivas, president of Confederation of Real Estate Developers Associations of India (CREDAI), Andhra Pradesh, said that the real estate sector in Andhra Pradesh has been depending on the northern states for construction materials such as tiles, electrical equipment, pipes and other materials for years. “The second wave of the pandemic may hit production of construction material as well as transport of the material. We are anticipating that real estate projects will be delayed in the state,” he said.

          “We have been facing at least 20%-30% shortage of skilled workers in the construction sector for the past one year. At present, the workers are not in a mood to return from their home states, but the delay in getting the construction material from other states may hit at least 30%-40% of the real estate projects in the state,” Srinivas added.

          “We are hoping that demand may recover faster for affordable housing and mid-price homes in cities like Vizag and Vijayawada in the coming days as remote working has encouraged people to buy houses in their hometowns,” said B Sunil, a real estate developer. Housing demand is likely to return to 2019 levels but only if the impact of the second wave is not prolonged, he added.











          Pandemic-induced slowdown returns to haunt realty sector in Andhra Pradesh, Real Estate News, ET RealEstate (indiatimes.com)
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          • Re : Latest News In and Around Hyderabad & Other Cities of AP

            Night curfew has little impact on construction activity in Hyderabad

            Residents in the western corridor are spending sleepless nights due to late night blasting and construction activities by builders. File photo

            HYDERABAD: Night curfew across the state seems to have had little impact on the movement of lorries carrying raw material for construction work, which continues unabated in many parts of the city.

            Residents in the western corridor are spending sleepless nights due to late night blasting and construction activities by builders.

            With several real estate projects under construction in areas such as Narsingi and Nallagandla, getting uninterrupted sleep in the night has become a struggle for residents. The Telangana government’s night curfew from 9 pm to 5 am to curb spread of Covid-19 has given little relief to the residents who have raised an alarm over blasting activities, loading and unloading of construction material and movement of heavy machinery during night time.

            A resident of Narsingi reached out to the local police on Twitter complaining of construction work and blasting activities being taken up by a builder during night curfew hours. “Construction is definitely non-essential activity! Wonder why night curfew not applicable to them? They still continue to work!,” tweeted Sai Praveen, the resident.

            Residents rue that these builders use sandblasting method to blast boulders, which is creating a nuisance during evening hours. “The movement of trucks loading and unloading goes on till almost 4 am. Are these trucks even allowed to move around during a curfew? Have they got any special permission? The builders have become inconsiderate towards the Covid-19 guidelines,” said Vishnu Sagar, a resident of Nallagandla.

            Following a complaint from a Narsingi resident on April 29, the police verified the spot and found that loading and unloading of materials as well as RMC unloading by the trucks was going on. “As per government orders, there is no restriction on movement/transportation of essential and non-essential goods. This includes lorries carrying raw material. However, we have warned builders not to violate Covid-19 rules in view of night curfew by taking up any construction work,” said Gangadhar, inspector, Narsingi police station.














            Night curfew has little impact on construction activity in Hyderabad, Real Estate News, ET RealEstate (indiatimes.com)
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            • Re : Latest News In and Around Hyderabad & Other Cities of AP

              Telangana: 98,000 acres of assigned land encroached or sold illegally

              Of this total parcel of land, 6,600 acres is illegally purchased by realty companies, individuals and institutions in erstwhile Rangareddy district alone, it said.

              HYDERABAD: Stating that the alleged encroachment of assigned land by minister Eatala Rajender’s Jamuna Hatcheries was only a tip of the iceberg, the revenue department said over 98,000 acres of government assigned land in the state is either gobbled up by land sharks or illegally sold by allottees.

              Of this total parcel of land, 6,600 acres is illegally purchased by realty companies, individuals and institutions in erstwhile Rangareddy district alone, it said. Senior revenue officials said the government is seeking reports from district collectors on the status of assigned land in the state in the wake of large-scale encroachments.

              Assigned land is a parcel of land allotted by the government to landless poor for agriculture purposes. Farmers do not have any powers to sell or transfer the land to other parties and if they resort to any such activity, it would be illegal. However, there have been several instances of farmers selling their assigned land parcels to private partiesin the last 20 years.

              “As per the Telangana Assigned lands Prohibiton of Transfer Act 1977, sale or alienation or transfer of assigned land is both civil and criminal office and a tahsildar can take action. There are some exceptions. It is not applicable to land assigned prior to 1958 and banks going for an auction when the land was mortgaged ,” M Suneel Kumar, an expert on land laws, told STOI.

              A revenue divisional officer of erstwhile Rangareddy district said the farmers continue to resort to sale of assigned land despite several warnings. “Such violations come to our notice when farmers illegally sell their land at cheaper rates at Rs 5 lakh. Now, the selling price tops Rs 50 lakh to Rs 1 crore,” he said.

              The district administration has filed cases in 4,200 illegal transactions in the past few years.

              As resuming an assigned land is a cumbersome process and one which could upset farmers, the state government has recently decided to auction them by paying compensation to the allottees.

              “The chief minister had thought of regularisation of assigned land by collecting some penal amount. He had even admitted on the floor of the assembly that several thousands of illegal transactions on assigned land were taking place,” a senior official of the chief commissioner of land administration said. In another move, the government has also decided to take over the assigned land from the allottees for setting up industries and SEZs like Hyderabad Pharma City.











              Telangana: 98,000 acres of assigned land encroached or sold illegally, Real Estate News, ET RealEstate (indiatimes.com)



              Last edited May 7 2021, 07:28 AM.
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              • Re : Latest News In and Around Hyderabad & Other Cities of AP

                Andhra Pradesh to begin construction of Jagananna Colonies from June 1

                Chief Minister Y.S. Jagan Mohan Reddy said on Wednesday that construction of houses in Jagananna Colonies will start from June 1.
                AMARAVATI: The Andhra Pradesh government is all set to launch construction for its ambitious housing for the poor scheme - Jagananna Colonies - from next month.

                Chief Minister Y.S. Jagan Mohan Reddy said on Wednesday that construction of houses in Jagananna Colonies will start from June 1.

                Under the programme to be implemented in two phases, around 28.30 lakh houses are to be constructed on YSR Jagananna layouts across the state.

                During a review meeting held here on Wednesday, the Chief Minister directed the officials to complete the groundwork by May 25.

                He insisted that the works should not be held up by the Covid curfew, and construction activities should be held from 6 am to 12 noon, adding that water and electricity facilities should be provided in the colonies immediately as they are important to start construction work.

                He said the construction of these houses during the pandemic will contribute to economic growth as workers will get work and also business transactions will continue due to the purchase of steel, cement and other materials.

                The Chief Minister is planning to approach the Central government for additional funds for the housing project as the houses are being constructed on a large scale.

                Officials said that after the construction work begins in June, the basements will be completed by September, walls will be built by December and the houses will be completed by June 2022.

                Municipal and Urban Development Minister Botsa Satyanarayana, Housing Minister Cherukuvada Sriranganatha Raju, and other senior officials were present at the review meeting.












                Andhra Pradesh to begin construction of Jagananna Colonies from June 1, Real Estate News, ET RealEstate (indiatimes.com)

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

                  Telangana HC asks sub-registrar to respond on land registration

                  The judge was dealing with a contempt case filed by Aditya Constructions which has entered into a development agreement with native farmers.
                  • TNN
                  • May 02, 2021, 12:12 IST



                  HYDERABAD: Taking note of an assurance given by Prime Properties firm that it will not alienate or create a third party interest over 74 acres of land near Hi-Tec City, Justice MS Ramachandra Rao of the Telangana high court has directed the sub-registrar of Kukatpally to explain how did he register the land in favour of Prime Properties and its allies despite a court’s interim order prohibiting him to do so.

                  The judge was dealing with a contempt case filed by Aditya Constructions which has entered into a development agreement with native farmers. The single judge earlier passed an interim order prohibiting the registration department from registering any part of the land in favour of Prime Properties or its associates in survey No. 1007.

                  Charging the registration officials with violating this order, Aditya Constructions had filed a contempt case against the managing partner of Prime Properties and four others.

                  Appearing for the petitioner, counsel KS Murthy told the court that despite the interim order, the registration officials allowed registration of two sale deeds over the land and expressed an apprehension that they may now resort to change the nature of the land and transfer it to third parties.

                  Senior counsel Satish Parasaran assured the court that they will not transfer the land to third parties and that they will not change the nature of the land till the court decides the issue.

                  The judge directed Kukatpally sub-registrar to file his counter and posted the case to July 9.











                  Telangana HC asks sub-registrar to respond on land registration, Real Estate News, ET RealEstate (indiatimes.com)
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                  • Re : Latest News In and Around Hyderabad & Other Cities of AP

                    Sebi not to auction property in PVP Global Ventures case after court order

                    The markets regulator in a notice on April 19 announced that a property of PVP Global Ventures at a reserve price of Rs 22.55 crore on May 12 will be conducted.
                    NEW DELHI: Sebi on Friday said the proposed property auction on May 12 to recover dues in the matter of PVP Global Ventures will not be conducted following a Telangana High Court order.

                    The markets regulator in a notice on April 19 announced that a property of PVP Global Ventures at a reserve price of Rs 22.55 crore on May 12 will be conducted.

                    The property put on sale was vacant land in Telangana.

                    "Hon'ble High Court of Telangana has disposed of the writ petition...(filed by PVP Global Ventures Private Limited and another) with certain directions and has set aside the e-auction notice of Sebi issued on April 19, 2021, in the matter of recovery proceedings initiated against Prasad V Potluri and PVP Global Ventures Private Limited," Sebi said in a notice on Friday.

                    In terms of the directions, the proposed e-auction pursuant to the sale notice dated April 19, 2021, cannot be held, it added.

                    Earlier, Securities and Exchange Board of (Sebi) had invited bids by May 10 from the intending bidders along with an amount equivalent of 10 per cent of the reserve price as earnest money deposit (EMD) for the sale of the property.

                    The online auction was scheduled to take place on May 12 between 11 am and 12 pm.

                    "The said properties standing in the names of Arete Real Estate Developers Private Limited and Expressions Real Estates Private Limited were attached in the recovery proceedings, as offered by the said entities along with no objection for realisation the dues from Shri Prasad V Potluri and PVP Global Ventures Private Limited, through sale thereof," Sebi had said.

                    In March 2015, Sebi had imposed a fine of Rs 15.15 crore each on PVP Global Ventures (formerly known as PVP Energy) and Potluri for allegedly indulging in insider trading and not complying with disclosure norms.









                    PVP Global Ventures: Sebi not to auction property in PVP Global Ventures case after court order, Real Estate News, ET RealEstate (indiatimes.com)
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                    • Re : Latest News In and Around Hyderabad & Other Cities of AP

                      Hyderabad: Ex-members of Jubilee Hills housing body get bail in plot case

                      The society’s newly-elected executive committee reviewed the allotments and found that a plot worth Rs 40 crore was registered in the name of one Sireesha for a mere Rs 2 lakh.
                      HYDERABAD: Justice G Sridevi of the high court on Thursday granted anticipatory bail to former Jubilee Hills Cooperative Housing Society chairman T Narendra Chowdary and five other accused in a criminal case pertaining to alleged fraudulent transfer of a plot, belonging to the society, to a third party.

                      The society’s newly-elected executive committee reviewed the allotments and found that a plot worth Rs 40 crore was registered in the name of one Sireesha for a mere Rs 2 lakh.

                      The society’s current secretary had filed a complaint at the Jubilee Hills police station and they registered an FIR against the former executive committee, comprising Narendra Chowdary, Ch Krishna Murthy, A Suresh Reddy, P Hanumantha Rao along with two sub-registrars, D Srinivas Kumar and J Pranay Kumar.

                      The complainant said that even the person whom they showed as Sireesha and transferred the plot was not the person. Sireesha is currently staying in the US and a woman impersonated her as part of a criminal conspiracy. The advocates, appearing for the accused, urged the court to grant them anticipatory bail.

                      Assistant public prosecutor Sudarsan Sara along with the complainant opposed any relief to the accused. The judge granted anticipatory bail to all applicants on the condition that they should furnish two sureties worth Rs one lakh each and surrender their passports before the trial court. They should also extend their cooperation to police and furnish all required documents as and when sought.













                      Hyderabad: Ex-members of Jubilee Hills housing body get bail in plot case, Real Estate News, ET RealEstate (indiatimes.com)
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