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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

    Hyderabad: What ban? Illegal structures overrun all GO 111 villages

    This despite a ruling by the National Green Tribunal (NGT) staying all activity in this no-construction belt spread over 84 villages which fall in the catchment area of two of Hyderabad’s biggest fresh water lakes - Osmansagar and Himayatsagar.
    HYDERABAD: When last counted officially in 2016, over 12,000 illegal structures stood tall on the area earmarked under GO 111. Five years hence – at a time when the Telangana government is caught in a legal tussle over the issue - the number has grown at least five times, claim Hyderabad’s environment activists.

    This despite a ruling by the National Green Tribunal (NGT) staying all activity in this no-construction belt spread over 84 villages which fall in the catchment area of two of Hyderabad’s biggest fresh water lakes - Osmansagar and Himayatsagar.

    TOI’s recent visit to Shamshabad, Moinabad, Shankerpally – three prime pockets covered by the 1996 order (GO 111) – confirmed that real estate activity is booming in these areas. From restaurants, bars and swank convention centres to educational institutions, luxury villas and towering commercial establishments, the landscape is heavily populated with concrete structures.

    ‘If illegal constructions continue, city will soon witness repeat of 1908 floods’

    This is not limited to the arterial roads alone. Construction activity has seeped into the interiors too, with smaller villages now sporting expansive warehouses, homes and ‘plots for sale’ boards. The price: Rs 2-3 crore per acre on average.

    Locals claim the realty business here picked up pace especially post 2018 after TRS leaders promised to scrap GO 111 if the party returned to power.

    Such is the rush that industry surveys list Shankerpally as among the hottest property destinations in the city today, despite a large part of it falling within 10 km radius of Osmansagar’s full tank level (FTL).

    “What is happening in these areas is a blatant violation of the law,” said activist Thakur Rajkumar Singh, also the petitioner in the NGT case. Citing the tribunal’s order, he said: “People do not realise that if this continues, Hyderabad will soon see a repeat of the 1908 floods as these two reservoirs were primarily built for flood water management and not drinking purposes.”

    Despite repeated attempts, Arvind Kumar, principal secretary, municipal administration and urban development and Dana Kishore, managing director of Hyderabad Metropolitan Water Supply and Sewerage Board, could not be reached for a comment.







    Hyderabad: What ban? Illegal structures overrun all GO 111 villages, Real Estate News, ET RealEstate (indiatimes.com)
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    • Re : Latest News In and Around Hyderabad & Other Cities of AP

      Secunderabad: 168 houses allotted to beneficiaries of Katta Maisamma Silver Compound

      Under the scheme, the Greater Hyderabad Municipal Corporation (GHMC) took up the construction of 224 housing units in Katta Maisamma Silver Compound at an estimated cost of Rs 1,763 lakh.
      HYDERABAD: As many as 168 houses, under the Double Room Housing Scheme, were allotted to the beneficiaries of Katta Maisamma Silver Compound in Secunderabad Cantonment constituency by Telangana government on Thursday.

      Under the scheme, the Greater Hyderabad Municipal Corporation (GHMC) took up the construction of 224 housing units in Katta Maisamma Silver Compound at an estimated cost of Rs 1,763 lakh.

      Among the total houses, 168 houses, that were ready to occupy, have been allotted.

      The housing society is built on a land parcel measuring 2.15 acres with 224 houses spread across 8 blocks (G+3 pattern), with a plinth area of 560 sft.

      The cost of each dwelling unit worked out to Rs 7.90 lakh apart from Rs 0.75 lakh as cost of infrastructure for each unit.

      The inaugural function was attended by several elected representatives including the minister for animal husbandry, Dairy Development and Fisheries Talasani Srinivas Yadav, home minister Mohd Mahmood Ali, labour minister Ch Malla Reddy and the Secunderabad Cantonment MLA G Sayanna.








      secunderabad: Secunderabad: 168 houses allotted to beneficiaries of Katta Maisamma Silver Compound, Real Estate News, ET RealEstate (indiatimes.com)
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      • Re : Latest News In and Around Hyderabad & Other Cities of AP

        Taxing times in Secunderabad cantonment areas, claim property owners

        The SCB’s revised tax plans for 2022 fiscal, which is likely to include a steep rise, is already giving sleepless nights to property owners. This year alone the SCB has collected about Rs 80 crore to Rs 100 crore in property taxes, an SCB official said.
        SECUNDERABAD: Life in Secunderabad Cantonment Board (SCB) limits has become quite taxing, claim property owners worried over rising taxes.

        The SCB’s revised tax plans for 2022 fiscal, which is likely to include a steep rise, is already giving sleepless nights to property owners. This year alone the SCB has collected about Rs 80 crore to Rs 100 crore in property taxes, an SCB official said.

        “If as taxpayers we question the Cantonment Board officials on infrastructure development, they chant ‘no funds’ mantra,” B Dileep Reddy, a resident of Dhanalakshmi Colony in Bowenpally told TOI, adding that unlike GHMC, the SCB has failed to use taxpayers’ money to improve civic amenities.

        For some, selling their properties and shifting to GHMC areas seems to be a better idea unless there was a merger between the two bodies to bring uniformity in taxes for residents in the twin cities.

        Commercially, the SCB area has grown rapidly on a par with GHMC, but many tenants have been spooked by rising rents as property owners deftly passed their higher tax burden on to them.

        When TOI spoke to a few commercial property owners in Trimulgherry, Bowenpally, Karkhana, Picket and Marredpally, the common refrain for raising rent was ever increasing tax burden. Covid-19 has now multiplied their financial woes. “There has been no business due to Covid-19 pandemic. But taxes are still high. So, we raised the rents,” a property owner admitted.

        The old tenants are the once feeling the pinch most as their low rents have skyrocketed. “A steep hike in property tax every year has led to owners raising rents. They are not sparing even long-time tenants,” said B Chakradhar, a grocer running his business from a rented premise for more than two decades in Trimulgherry.

        As per official SCB records, there are over 36,000 properties now paying taxes, while there are close to 15,000 illegal properties (not on records) missing from the tax net. “People in the tax wing have been minting money. It can’t be ended unless there is a merger,” BVSS Srinivasa Rao, a resident of Greenview Enclave, claimed.











        Taxing times in Secunderabad cantonment areas, claim property owners, Real Estate News, ET RealEstate (indiatimes.com)

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

          Walton Street BlackSoil invests Rs 110 crore in Hyderabad & Chennai housing projects

          In Q2 2021, more than half of the new housing projects launched across India were in the affordable and mid-income residential segment.
          Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF-II), has invested Rs 110 crores in two mid income housing projects in Hyderabad and Chennai being developed by Krishnaiah Projects Pvt Ltd , part of the Bollineni group and Jain Housing and Construction.

          Project Zion, being developed by Krishnaiah Projects Pvt Ltd, is located in Chennai and is part of the last phase of an established township comprising 600 units, while Project Salzburg by Jain Housing and Construction has a total 425 units. Both these projects are expected to be completed by 2025 and 2022.

          “The mid-income housing segment has shown great promise. In the last one year, the segment has gained prominence and has led the share of new launches. We are delighted to provide financing to these two key housing projects and shall continue to invest WSBREDF-II commitments with developers of similar pedigree,” said Vimal Jangla, Managing Partner at Walton Street India.

          The deal is closely following on from the first closure of this second fund at Rs 360 crores with a target corpus of Rs 500 crore and is in line with the plan of WSBREDF-II to pursue residential structured debt investments in projects across India with developers that focus on execution and delivery.

          Apart from these two transactions, the WSBREDF-II fund will target 6-8 more investments in tier-1 cities like Hyderabad, Bangalore, Chennai, Pune, Mumbai and the NCR. These financings are expected to provide debt capital support to developers and make consistent cash flow available to them to facilitate the timely completion of existing projects.

          “The focus of our second fund is to provide financing to developers with proven track records of execution across the mid-income housing sector in our key markets driven by end-user demand, to invest in key in-fill projects with full control over cash flow and visibility on financial closure and completion,”said Jangla.

          In Q2 2021, more than half of the new housing projects launched across India were in the affordable and mid-income residential segment.

          The recent relaxations in the lockdowns and other factors such as higher absorption than supply, improved affordability, and favorable government policies across prominent housing markets in the country. The cities like Hyderabad and Chennai has seen a gradual pickup in sales volume. Since 2013, and prior to the launch of WSBREDF-II, Walton Street India and BlackSoil have jointly invested over Rs 1,500 crores of debt capital across more than 50 real estate transactions. Recently, BlackSoil and the former India-based management team of Walton

          Street Capital, L.L.C. bought Walton Street India’s real estate debt business. The India management team is led by Kaushik Desai, Vinit Prabhugaonkar and Vimal Jangla.






          Blacksoil Group: Walton Street BlackSoil invests Rs 110 crore in Hyderabad & Chennai housing projects, Real Estate News, ET RealEstate (indiatimes.com)
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          • Re : Latest News In and Around Hyderabad & Other Cities of AP

            Telangana: Over 30 issues pertaining to Dharani portal identified


            The state cabinet a few days ago constituted a cabinet subcommittee headed by finance minister T Harish Rao and other ministers to identify and resolve various issues of Dharani.
            HYDERABAD: Nearly a year after the state government launched the Dharani web portal, many continue to face hardships and are forced to make rounds to revenue offices.

            For instance, Nitesh, a resident of Habsiguda, had been requesting the Rangareddy district collectorate for the last seven months to remove his patta land. Instead of one part of the survey number, the entire survey number was included in the prohibitory list, as a result of which he is unable to sell his land. Like Nitesh, thousands of residents’ grievances, which were accepted a few months ago, remain unresolved.

            Officials said as many as 30 issues pertaining to Dharani portal have been identified by district collectors and sent to the chief commissioner of land administration (CCLA). The state cabinet a few days ago constituted a cabinet subcommittee headed by finance minister T Harish Rao and other ministers to identify and resolve various issues of Dharani.

            “While some survey numbers are wrongly entered into the prohibitory list as government land or ceiling land or waqf land, there is no option for entry of section 22A (prohibiting the sale and fresh registration of the listed land) land cases in the prohibitory list in respect of missing government land and court cases,” an additional collector in north Telangana said.

            He said in case of non-agriculture land assessment (NALA) issues, the land records show a piece of land as agriculure land even after land conversion orders had been issued. “In some cases, agriculture land is being shown as NALA,” he explained.

            People are upset with the revenue department, especially CCLA, as there is no option for correction of wrong entries of pattadars. “For the mistakes done by revenue staff, we are compelled to approach the district collector by submitting all evidences through MeeSeva,” B Ravi Kumar, a resident of Boduppal, said.

            While the government claimed that successions and mutations would happen within minutes on Dharani, the situation on the ground is far from satisfactory. “The succession in land records has not been happening in tribal belts while in other areas, succession is being accepted for assigned land only after the demise of the original assignee. In case of settlement issues, the succession and mutations for assigned are not happening,” a tahsildar said.












            dharani: Telangana: Over 30 issues pertaining to Dharani portal identified, Real Estate News, ET RealEstate (indiatimes.com)
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            • Re : Latest News In and Around Hyderabad & Other Cities of AP

              Andhra Pradesh HC halts housing scheme, calls for assessment by expert body

              The court directed the government not to proceed with construction of houses under its ‘Navaratnalu-Pedalandiriki illu’ scheme.
              VIJAYAWADA: The AP high court on Friday issued orders setting aside various guidelines issued by the state government to allot house sites to people below poverty line category through various GOs. The court directed the government not to proceed with construction of houses under its ‘Navaratnalu-Pedalandiriki illu’ scheme.

              While acknowledging the scheme as laudable for giving house sites to 25 lakh families, the court observed it cannot infringe the personal right of any citizen. One Podili Siva Murali and 128 others had moved the high court after they were denied allotment of house sites under the scheme.

              After a lengthy hearing, Justice M Satyanrayana Murthy set aside certain guidelines issued through various GOs. The allotment of house sites only to women is discriminatory, Justice Murthy observed, adding that there can be widowed men raising children languishing in poverty and poor transgenders, who cannot be deprived of their right to shelter.

              The court also found fault with guidelines on issuance of conveyance deeds instead of D-form pattas. The government allotted house sites for a nominal Rs 1 and issued deeds with a lock-in period of five years after which, as per the guidelines, the beneficiaries can sell the house site. Noting that this provision will defeat the very purpose of the scheme, the HC directed the government to issue assigned D-form pattas which gives right to hereditary only but not to alienate the property.

              While observing that there are no laws to recognise the right to adequate housing in India, Justice Murthy said there should be an assessment of the health impacts and growth prospects of children in the houses to be constructed on an extent of one cent land. He directed the government to form an expert committee to study the same and also suggested to enhance the extent of land based on the recommendations of the expert committee. On the question of environmental impacts if group houses are constructed in small areas, the court observed there should be an impact assessment on various factors.

              The court further asked the government to conduct the study by forming expert committees and also publish the committees’ reports to take public opinion and objections, if any, on the recommendations. The expert committee should consist of members from Central Pollution Control Board, ministry of housing and urban affairs, and ministry of health and family welfare, the court said, while directing the government not to proceed with the construction of houses till the impact assessment study is completed.









              Andhra Pradesh HC halts housing scheme, calls for assessment by expert body, Real Estate News, ET RealEstate (indiatimes.com)

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

                Hyderabad: Housing societies make dash to set up EV charging infrastructure

                In a bid to boost EV sales and bring down the city’s carbon footprint, the Telangana government had rolled out the Telangana Electric Vehicle and Energy Storage Policy, 2020-2030, in October last year.
                HYDERABAD: With the demand for electric vehicles (EV) slated to pick up over the next few years, gated communities and residential apartments in the western corridor of the city are all charged up about providing the necessary EV charging infrastructure to residents who own EVs.

                In a bid to boost EV sales and bring down the city’s carbon footprint, the Telangana government had rolled out the Telangana Electric Vehicle and Energy Storage Policy, 2020-2030, in October last year.

                Telangana already has about 20 electric vehicle manufacturers including two wheelers, three wheelers, retrofits and bus makers.

                A year after the official launch of the policy, many gated communities and residential apartments have already begun putting in place the requisite EV infrastructure or are in the process of devising a plan to do so.

                Especially with the prices of petrol and diesel zooming past the Rs 100 mark, sending many residents scurrying to make the switch to EVs that will be lighter on the pocket in the long run.

                “Considering the petrol prices have already crossed Rs 100 mark and are rising by the day, investing in an electric vehicle only made sense to me as my job requires me to travel to the IT corridor on a daily basis,” said Vidya Krishnan who works for an engine equipment manufacturing company.

                Gated communities such as My Home Bhooja and My Home Avatar have taken the lead to set up EV charging stations within their community. “Four months back, we installed two EV stations within the premises. These enable charging of four cars at a time. We offer charging at a cost of Rs 6.50 per unit and there is a separate prepaid meter for these stations. Depending on the demand for these charging stations, we would expand it in future,” said M Sachindra, vice-president of My Home Bhooja at Madhapur.

                While the government is set to call bids for 140 EV charging stations across the state including Hyderabad, several residential apartments are setting up an in-house charging equipment. “Since people have started buying EVs, we wanted something that is easy and immediate without any overheads. To set up a common charging station within the community, we would have needed a huge infrastructure, space and funds. As an interim move, we are providing power outlets at the respective parking lots where those with EVs can fix an electric meter and charge their vehicles,” said Rajagopal Marripalli, general secretary at Nagarjuna Residency, Telecom Nagar, Gachibowli.

                To encourage more people to take up EVs, the Telangana government is making efforts to establish EV charging stations at IT parks for at least 20% of the parking capacity.

                A three-day EV Trade Expo scheduled to be held in the city later this month is expected to provide a platform to members from residential welfare communities to connect with the EV ecosystem stakeholders.












                Hyderabad: Housing societies make dash to set up EV charging infrastructure, Real Estate News, ET RealEstate (indiatimes.com)
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                • Re : Latest News In and Around Hyderabad & Other Cities of AP

                  Aparna Infra Housing buys two office buildings in Hyderabad for Rs 247.5 crore


                  The transactions, valued at Rs 247.5 crore, were carried out through Aparna’s subsidiary Hitech CyberSpazio, people aware of the development said.


                  Real estate developer Aparna Infra Housing has bought two office buildings with total area of around 430,000 sq ft in Madhapur suburb of Hyderabad from ENN ENN Corp in one of the largest ready office transactions in recent times.

                  The transactions, valued at Rs 247.5 crore, were carried out through Aparna’s subsidiary Hitech CyberSpazio, people aware of the development said.

                  “The deal was concluded and registered a few days ago,” one of them said.

                  It assumes significance as Hyderabad has not witnessed a large independent commercial building sale on an outright basis for a long time, the sources said.

                  The first property, a 252,000 sq ft ground plus five-storey property, was built by L&T Infocity in 2005 and sold to ENN ENN Corp in 2011. The second property leased to HSBC Electronic Data Processing India is spread over 181,000 sq ft in Madhapur Hitec City.

                  Aparna Construction confirmed the transaction but did not share details.

                  There have been very few ready office deals recently even though institutional funds continue to buy out office portfolios to expand operations in the country.

                  In July, Kolkata-based KCT Group had bought a prime commercial building owned by the Hong Kong and Shanghai Banking Corporation (HSBC) at Horniman Circle in South Mumbai’s Fort locality for over Rs 83 crore.

                  Taking cues from 2020, the last quarter of the year is expected to witness increased momentum in the office space.

                  However, net office absorption across seven major cities in 2021 is unlikely to touch net absorption recorded in the previous year (25.6 million sq ft) with only about 15 million sq ft being recorded in the first three quarters of 2021.








                  Aparna Infra Housing buys two office buildings in Hyderabad for Rs 247.5 crore, Real Estate News, ET RealEstate (indiatimes.com)
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