Real estate Sector
http://blogs.fullhyderabad.com/showblog.php?blogId=537
To transform Indian real estate sector into the best paradigm in the world is vision 20-20" said Mr Anuj Puri, Conference Chairman & Chairman and Country Head, Jones Lang LaSalle Meghraj at the Conference on Indian Real Estate 20-20 organised by the Confederation of Indian Industry (CII)
tmvarma2023-08-15T17:44:43ZAshiana Housing to Mark Big Presence in South India
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4681&blogId=537
<meta content="text/html; charset=utf-8" http-equiv="Content-Type" />
<meta content="Word.Document" name="ProgId" />
<meta content="Microsoft Word 12" name="Generator" />
<meta content="Microsoft Word 12" name="Originator" />
<link href="/C:%5CDOCUME%7E1%5CMAHEND%7E1.PRO%5CLOCALS%7E1%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_filelist.xml" rel="File-List" />
<link href="/C:%5CDOCUME%7E1%5CMAHEND%7E1.PRO%5CLOCALS%7E1%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_themedata.thmx" rel="themeData" />
<link href="/C:%5CDOCUME%7E1%5CMAHEND%7E1.PRO%5CLOCALS%7E1%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_colorschememapping.xml" rel="colorSchemeMapping" />
<xml>
<w>
</w><w>Normal</w>
<w>0</w>
<w>
</w><w>
</w><w>
</w><w>
</w><w>false</w>
<w>false</w>
<w>false</w>
<w>
</w><w>EN-US</w>
<w>X-NONE</w>
<w>X-NONE</w>
<w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w>
<w>MicrosoftInternetExplorer4</w>
<m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m>
</xml><xml>
<w deflockedstate="false" defunhidewhenused="true" defsemihidden="true" defqformat="false" defpriority="99" latentstylecount="267">
</w><w locked="false" priority="0" semihidden="false" unhidewhenused="false" qformat="true" name="Normal"/"">
</w><w locked="false" priority="9" semihidden="false" unhidewhenused="false" qformat="true" name="heading 1"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 2"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 3"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 4"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 5"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 6"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 7"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 8"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 9"/"">
</w><w locked="false" priority="39" name="toc 1"/"">
</w><w locked="false" priority="39" name="toc 2"/"">
</w><w locked="false" priority="39" name="toc 3"/"">
</w><w locked="false" priority="39" name="toc 4"/"">
</w><w locked="false" priority="39" name="toc 5"/"">
</w><w locked="false" priority="39" name="toc 6"/"">
</w><w locked="false" priority="39" name="toc 7"/"">
</w><w locked="false" priority="39" name="toc 8"/"">
</w><w locked="false" priority="39" name="toc 9"/"">
</w><w locked="false" priority="35" qformat="true" name="caption"/"">
</w><w locked="false" priority="10" semihidden="false" unhidewhenused="false" qformat="true" name="Title"/"">
</w><w locked="false" priority="0" name="Default Paragraph Font"/"">
</w><w locked="false" priority="11" semihidden="false" unhidewhenused="false" qformat="true" name="Subtitle"/"">
</w><w locked="false" priority="22" semihidden="false" unhidewhenused="false" qformat="true" name="Strong"/"">
</w><w locked="false" priority="20" semihidden="false" unhidewhenused="false" qformat="true" name="Emphasis"/"">
</w><w locked="false" priority="59" semihidden="false" unhidewhenused="false" name="Table Grid"/"">
</w><w locked="false" unhidewhenused="false" name="Placeholder Text"/"">
</w><w locked="false" priority="1" semihidden="false" unhidewhenused="false" qformat="true" name="No Spacing"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 1"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 1"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 1"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 1"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 1"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 1"/"">
</w><w locked="false" unhidewhenused="false" name="Revision"/"">
</w><w locked="false" priority="34" semihidden="false" unhidewhenused="false" qformat="true" name="List Paragraph"/"">
</w><w locked="false" priority="29" semihidden="false" unhidewhenused="false" qformat="true" name="Quote"/"">
</w><w locked="false" priority="30" semihidden="false" unhidewhenused="false" qformat="true" name="Intense Quote"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 1"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 1"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 1"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 1"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 1"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 1"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 1"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 1"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 2"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 2"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 2"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 2"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 2"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 2"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 2"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 2"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 2"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 2"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 2"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 2"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 2"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 2"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 3"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 3"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 3"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 3"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 3"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 3"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 3"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 3"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 3"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 3"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 3"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 3"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 3"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 3"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 4"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 4"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 4"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 4"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 4"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 4"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 4"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 4"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 4"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 4"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 4"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 4"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 4"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 4"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 5"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 5"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 5"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 5"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 5"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 5"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 5"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 5"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 5"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 5"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 5"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 5"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 5"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 5"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 6"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 6"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 6"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 6"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 6"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 6"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 6"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 6"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 6"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 6"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 6"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 6"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 6"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 6"/"">
</w><w locked="false" priority="19" semihidden="false" unhidewhenused="false" qformat="true" name="Subtle Emphasis"/"">
</w><w locked="false" priority="21" semihidden="false" unhidewhenused="false" qformat="true" name="Intense Emphasis"/"">
</w><w locked="false" priority="31" semihidden="false" unhidewhenused="false" qformat="true" name="Subtle Reference"/"">
</w><w locked="false" priority="32" semihidden="false" unhidewhenused="false" qformat="true" name="Intense Reference"/"">
</w><w locked="false" priority="33" semihidden="false" unhidewhenused="false" qformat="true" name="Book Title"/"">
</w><w locked="false" priority="37" name="Bibliography"/"">
</w><w locked="false" priority="39" qformat="true" name="TOC Heading"/"">
</w>
</xml><style>
</style>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:"Times New Roman";
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi;}
</style>
<p>
With the success of its Utsav brand of retirement resorts in northern parts
of the country, Ashiana Housing Ltd is now taking the concept down south. The
real estate company has identified around seven locations in South India for
setting up retirement homes after a survey and will start operations in four
places soon. “We will start with Bangalore, Chennai, Hyderabad and Kochi and
move to other locations like Coimbatore, Mysore, Vizag later,’’ Mr Ankur Gupta,
executive director, told ET.
</p>
<p>
At present, Ashiana Housing has Utsav retirement resorts at Bhiwadi, Jaipur
and Lavasa with over 750 functional apartments. The company is targeting ten
locations by 2013 and a total of 1300 units by 2013 with an outlay in the range
of Rs 75 to 100 crore. Apart from South India, the company is looking at
Mumbai, Pune and Kolkata as well. Mr Gupta said the company is in discussion
with local land bankers and developers for joint ventures in key locations in
South India. The size of the projects would range from 10 acres to 30 acres. “We
will bring in our expertise in construction and post maintenance in the
construction,’’ he said.
</p>
<p>
The resorts have been designed keeping in mind the requirements of the
senior citizens and have facilities for social, medical, spiritual activities
and recreation. To make life easier for old people there are emergency switches
at different places, big sized switches in red colour, inbuilt night lamp, anti
skid tiles and bathrooms equipped with arthritis friendly handles, Mr Gupta
points out.Ashiana Housing, which also does regular housing projects, has
completed 90 lakh sq ft in the last 30 years. Almost 55 to 60 % of its total
projects, in fact, belong to the regular housing category while the rest is
accounted by the retirement resorts, which was started by the company around
six years ago. In the next 2 to 3 years, the company wants 50 % of its projects
in the Utsav category.The company is expecting an investment in the range of Rs
350 to 400 crore in the real estate sector in the next five years as the prices
have stabilized and the realty sector is looking up. It has targeted Rs 250
crore turnover in the current year with increased thrust on the housing sector.
</p>
<p>
for more details log on to <a href="http://www.maaproperties.com">http://www.maaproperties.com</a>
</p>
<input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-04-24T12:51:48ZtmvarmaAshiana Housing to Mark Big Presence in South India
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4680&blogId=537
<meta content="text/html; charset=utf-8" http-equiv="Content-Type" />
<meta content="Word.Document" name="ProgId" />
<meta content="Microsoft Word 12" name="Generator" />
<meta content="Microsoft Word 12" name="Originator" />
<link href="/C:%5CDOCUME%7E1%5CMAHEND%7E1.PRO%5CLOCALS%7E1%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_filelist.xml" rel="File-List" />
<link href="/C:%5CDOCUME%7E1%5CMAHEND%7E1.PRO%5CLOCALS%7E1%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_themedata.thmx" rel="themeData" />
<link href="/C:%5CDOCUME%7E1%5CMAHEND%7E1.PRO%5CLOCALS%7E1%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_colorschememapping.xml" rel="colorSchemeMapping" />
<xml>
<w>
</w><w>Normal</w>
<w>0</w>
<w>
</w><w>
</w><w>
</w><w>
</w><w>false</w>
<w>false</w>
<w>false</w>
<w>
</w><w>EN-US</w>
<w>X-NONE</w>
<w>X-NONE</w>
<w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w><w>
</w>
<w>MicrosoftInternetExplorer4</w>
<m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m><m>
</m>
</xml><xml>
<w deflockedstate="false" defunhidewhenused="true" defsemihidden="true" defqformat="false" defpriority="99" latentstylecount="267">
</w><w locked="false" priority="0" semihidden="false" unhidewhenused="false" qformat="true" name="Normal"/"">
</w><w locked="false" priority="9" semihidden="false" unhidewhenused="false" qformat="true" name="heading 1"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 2"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 3"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 4"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 5"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 6"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 7"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 8"/"">
</w><w locked="false" priority="9" qformat="true" name="heading 9"/"">
</w><w locked="false" priority="39" name="toc 1"/"">
</w><w locked="false" priority="39" name="toc 2"/"">
</w><w locked="false" priority="39" name="toc 3"/"">
</w><w locked="false" priority="39" name="toc 4"/"">
</w><w locked="false" priority="39" name="toc 5"/"">
</w><w locked="false" priority="39" name="toc 6"/"">
</w><w locked="false" priority="39" name="toc 7"/"">
</w><w locked="false" priority="39" name="toc 8"/"">
</w><w locked="false" priority="39" name="toc 9"/"">
</w><w locked="false" priority="35" qformat="true" name="caption"/"">
</w><w locked="false" priority="10" semihidden="false" unhidewhenused="false" qformat="true" name="Title"/"">
</w><w locked="false" priority="0" name="Default Paragraph Font"/"">
</w><w locked="false" priority="11" semihidden="false" unhidewhenused="false" qformat="true" name="Subtitle"/"">
</w><w locked="false" priority="22" semihidden="false" unhidewhenused="false" qformat="true" name="Strong"/"">
</w><w locked="false" priority="20" semihidden="false" unhidewhenused="false" qformat="true" name="Emphasis"/"">
</w><w locked="false" priority="59" semihidden="false" unhidewhenused="false" name="Table Grid"/"">
</w><w locked="false" unhidewhenused="false" name="Placeholder Text"/"">
</w><w locked="false" priority="1" semihidden="false" unhidewhenused="false" qformat="true" name="No Spacing"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 1"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 1"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 1"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 1"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 1"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 1"/"">
</w><w locked="false" unhidewhenused="false" name="Revision"/"">
</w><w locked="false" priority="34" semihidden="false" unhidewhenused="false" qformat="true" name="List Paragraph"/"">
</w><w locked="false" priority="29" semihidden="false" unhidewhenused="false" qformat="true" name="Quote"/"">
</w><w locked="false" priority="30" semihidden="false" unhidewhenused="false" qformat="true" name="Intense Quote"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 1"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 1"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 1"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 1"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 1"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 1"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 1"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 1"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 2"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 2"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 2"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 2"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 2"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 2"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 2"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 2"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 2"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 2"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 2"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 2"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 2"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 2"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 3"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 3"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 3"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 3"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 3"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 3"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 3"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 3"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 3"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 3"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 3"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 3"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 3"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 3"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 4"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 4"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 4"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 4"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 4"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 4"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 4"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 4"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 4"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 4"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 4"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 4"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 4"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 4"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 5"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 5"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 5"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 5"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 5"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 5"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 5"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 5"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 5"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 5"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 5"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 5"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 5"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 5"/"">
</w><w locked="false" priority="60" semihidden="false" unhidewhenused="false" name="Light Shading Accent 6"/"">
</w><w locked="false" priority="61" semihidden="false" unhidewhenused="false" name="Light List Accent 6"/"">
</w><w locked="false" priority="62" semihidden="false" unhidewhenused="false" name="Light Grid Accent 6"/"">
</w><w locked="false" priority="63" semihidden="false" unhidewhenused="false" name="Medium Shading 1 Accent 6"/"">
</w><w locked="false" priority="64" semihidden="false" unhidewhenused="false" name="Medium Shading 2 Accent 6"/"">
</w><w locked="false" priority="65" semihidden="false" unhidewhenused="false" name="Medium List 1 Accent 6"/"">
</w><w locked="false" priority="66" semihidden="false" unhidewhenused="false" name="Medium List 2 Accent 6"/"">
</w><w locked="false" priority="67" semihidden="false" unhidewhenused="false" name="Medium Grid 1 Accent 6"/"">
</w><w locked="false" priority="68" semihidden="false" unhidewhenused="false" name="Medium Grid 2 Accent 6"/"">
</w><w locked="false" priority="69" semihidden="false" unhidewhenused="false" name="Medium Grid 3 Accent 6"/"">
</w><w locked="false" priority="70" semihidden="false" unhidewhenused="false" name="Dark List Accent 6"/"">
</w><w locked="false" priority="71" semihidden="false" unhidewhenused="false" name="Colorful Shading Accent 6"/"">
</w><w locked="false" priority="72" semihidden="false" unhidewhenused="false" name="Colorful List Accent 6"/"">
</w><w locked="false" priority="73" semihidden="false" unhidewhenused="false" name="Colorful Grid Accent 6"/"">
</w><w locked="false" priority="19" semihidden="false" unhidewhenused="false" qformat="true" name="Subtle Emphasis"/"">
</w><w locked="false" priority="21" semihidden="false" unhidewhenused="false" qformat="true" name="Intense Emphasis"/"">
</w><w locked="false" priority="31" semihidden="false" unhidewhenused="false" qformat="true" name="Subtle Reference"/"">
</w><w locked="false" priority="32" semihidden="false" unhidewhenused="false" qformat="true" name="Intense Reference"/"">
</w><w locked="false" priority="33" semihidden="false" unhidewhenused="false" qformat="true" name="Book Title"/"">
</w><w locked="false" priority="37" name="Bibliography"/"">
</w><w locked="false" priority="39" qformat="true" name="TOC Heading"/"">
</w>
</xml><style>
</style>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:"Times New Roman";
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi;}
</style>
<p>
With the success of its Utsav brand of retirement resorts in northern parts
of the country, Ashiana Housing Ltd is now taking the concept down south. The
real estate company has identified around seven locations in South India for
setting up retirement homes after a survey and will start operations in four
places soon. “We will start with Bangalore, Chennai, Hyderabad and Kochi and
move to other locations like Coimbatore, Mysore, Vizag later,’’ Mr Ankur Gupta,
executive director, told ET.
</p>
<p>
At present, Ashiana Housing has Utsav retirement resorts at Bhiwadi, Jaipur
and Lavasa with over 750 functional apartments. The company is targeting ten
locations by 2013 and a total of 1300 units by 2013 with an outlay in the range
of Rs 75 to 100 crore. Apart from South India, the company is looking at
Mumbai, Pune and Kolkata as well. Mr Gupta said the company is in discussion
with local land bankers and developers for joint ventures in key locations in
South India. The size of the projects would range from 10 acres to 30 acres. “We
will bring in our expertise in construction and post maintenance in the
construction,’’ he said.
</p>
<p>
The resorts have been designed keeping in mind the requirements of the
senior citizens and have facilities for social, medical, spiritual activities
and recreation. To make life easier for old people there are emergency switches
at different places, big sized switches in red colour, inbuilt night lamp, anti
skid tiles and bathrooms equipped with arthritis friendly handles, Mr Gupta
points out.Ashiana Housing, which also does regular housing projects, has
completed 90 lakh sq ft in the last 30 years. Almost 55 to 60 % of its total
projects, in fact, belong to the regular housing category while the rest is
accounted by the retirement resorts, which was started by the company around
six years ago. In the next 2 to 3 years, the company wants 50 % of its projects
in the Utsav category.The company is expecting an investment in the range of Rs
350 to 400 crore in the real estate sector in the next five years as the prices
have stabilized and the realty sector is looking up. It has targeted Rs 250
crore turnover in the current year with increased thrust on the housing sector.
</p>
<p>
for more log on to <a href="http://www.maaproperties.com">http://www.maaproperties.com</a>
</p>
<input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-04-24T12:51:28ZtmvarmaPositive change in commercial office space sector
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4586&blogId=537
The demand-starved commercial office space market is slowly seeing positive signs, with several large and mid-sized US corporates firming up their plans to outsource their work to India for the first time. Major cities like Bangalore, Mumbai and Gurgaon have seen substantial business deals in the last few months and this has led to several new India-based subsidies and back offices which may generate substantial employment opportunities as well.Experts tracking realty developments say that out of the new jobs being created, 80% will be in the IT sector alone, with the corporate sector accounting for the rest. Also, with new vistas being thrown open by US President Obama’s recent healthcare push—which may trigger an outsourcing spree in health and knowledge sectors—both job and office space markets may see major gains. Though The demand-starved commercial office space market is slowly seeing positive signs, with several large and mid-sized US corporates firming up their plans to outsource their work to India for the first time. Major cities like Bangalore, Mumbai and Gurgaon have seen substantial business deals in the last few months and this has led to several new India-based subsidies and back offices which may generate substantial employment opportunities as well.Experts tracking realty developments say that out of the new jobs being created, 80% will be in the IT sector alone, with the corporate sector accounting for the rest. Also, with new vistas being thrown open by US President Obama’s recent healthcare push—which may trigger an outsourcing spree in health and knowledge sectors—both job and office space markets may see major gains. Though the office space market has not been able to bring prevalent vacancies under control, there is scope for growth for realty, according to experts.<br />
<br />
In an interaction with the media, Collin Dyer, president and CEO, Jones Lang LaSalle Inc, says India presents a huge opportunity in terms of attracting jobs outsourced by US firms. India has graduated from being a back office hub for Western companies to housing knowledge process outsourcing centres and research and development wings of multi-national firms. “Asia, which includes robust nations like India, has shown signs of an economic revival, and these are more evident that those seen in economies like the European Union, because of strong banking and financial systems present here”.According to Jonse Lang’s India Office Map 2010 findings, the demand for office space is gradually improving with opportunistic tenants taking up space at lower rentals. The markets in Mumbai and Bangalore are leading the property cycle and are likely to recover the earliest among office-space markets. Also, the markets of NCR-Delhi, Chennai and Pune are expected to stabilise sooner that those of Hyderabad ......<a href="http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Articles">http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Articles</a><br />
<br />
At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.<br />
<br />
We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: <a href="http://www.maaproperties.com/">http://www.maaproperties.com/</a><br />
<input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-03-30T16:25:31ZtmvarmaMaytas Properties may go to strategic investor
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4546&blogId=537
<p>
Corporate
Affairs Minister Salman Khurshid today said the government is looking at
the possibilities of inducting a strategic buyer for Maytas <a href="http://www.maaproperties.com/Pages/Hotproperties.aspx" target="_blank">Properties</a>,
the company promoted by the kins of disgraced Satyam founder B
Ramalinga Raju "For all practical reasoning, obviously that (strategic
sale) is something that would work out... but they (board members) have
to decide," Khurshid said when asked whether efforts were on to find a
strategic buyer for the troubled company.
</p>
<p>
"Ved Jain (Chairman
of Maytas Properties) is working out all permutation and combinations,
and we are trying to give him all help required... We have very limited
option since we have started the process we want to bring it to a
satisfactory end," the Minister said. Following the admission of
accounting fraud in Satyam Computer Services by Raju last year, the
government appointed its own nominees on the twin companies -- Maytas
Infra and Maytas Properties -- promoted by Raju's sons.
</p>
<p>
Ved
Jain, the then President of the Institute of Chartered Accountants of
India, was appointed Chairman of the company in March 2009 and was give
the task to rehabilitate Maytas Properties, a company with interest in
real estate in and around Hyderabad. Several Non-Resident Indians who
booked flats in projects promoted by Maytas Properties have been asking
the government to expedite rehabilitation of the company. The company
had raised Rs 650 crore from customers for the Rs 1,100-crore Hill
County <a href="http://www.maaproperties.com/Pages/Hotproperties.aspx" target="_blank">project near Hyderabad</a>. Maytas Properties reportedly has a land
bank of about 6,000 acres. Maytas Properties and Maytas Infra were the
two companies which Satyam had tried to purchase in December 2008 but
the deal was aborted following objections by shareholders.<a href="http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News&nid=1122" target="_blank">http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News&nid=1122</a>
</p>
<input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-03-20T10:47:02ZtmvarmaRealty prices to increase from July
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4494&blogId=537
<p>
If you are
planning to buy a house, grab it before July, as realty prices are set
to increase later. The service tax of 3.3%, announced in the Budget,
will be effective on your home from July as the amendments to the
Finance Bill will be put into effect in June. Moreover, banks have
decided to increase interest rates in the range of 0.25-0.5 percentage
points on home loans, which could further be hiked in the forthcoming
credit policy. Companies including realty majors like DLF, under the
aegis of Delhi-based real estate body National Real Estate Development
Council (Naredco), will soon approach the FM for a rollback of service
tax.
</p>
<p>
The property prices are expected to go up with real estate
companies passing on the additional burden to buyers. Effectively,
someone buying a house property in Delhi will have to pay a service tax
of 3.3% on the price of the accommodation and also a stamp duty of 8%
as a sale of immovable property. The 3.3% tax will not include the
amount to be paid towards special charges like garden facing or
community hall facility as these charges will be taxed at 10% of the
total charges. However, Sanjay Chandra, MD of country’s second-largest
realty firm Unitech says an increase in interest rates is unlikely to
affect the demand as the increase is only in trigger rates and hence
there is no change in effective interest rates.“The service tax will
have some marginal impact, but the market will absorb that for two
reasons. One, the change in personal tax slabs will leave more
disposable income in the hands of consumer and second, the better
prevailing economic conditions are likely to result in at least 10%
increase in the salaries of the working class for the next financial
year. These two facts will more than offset the marginal impact of
service tax, which is expected to be 2% to 3%,” he said.
</p>
<p>
When
contacted, Naredco president and realty company Omaxe’s group chairman
Rohtas Goel said, “We will hold a meeting of the association to discuss
the Budget proposals, particularly levying of the service tax on
housing, which will have a negative impact on the realty sector.”
However, finance ministry officials have said they won’t entertain any
request for change in the Budget proposal. Central Board of Excise and
Customs member YG Parandhe said, “We are not taking up the issue as it
stands now” when asked if there is a possibility to relook at the
proposal.
</p>
<p>
for more details <a href="http://www.maaproperties.com" target="_blank" title="real estate market">http://www.maaproperties.com</a>
</p>
<input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-03-10T16:45:35ZtmvarmaTelangana stir worsens outlook for realty sector in Hyderabad
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4439&blogId=537
Dotted with the sprawling campuses of
information technology (IT) firms such as Microsoft Corp. and Wipro
Ltd, Hyderabad’s fast-moving growth corridor—the Gachibowli area—looks
skeletal with half-done buildings, yellow construction cranes and giant
billboards that promise delivery of homes on time.
<p style="text-align: justify">
Hyderabad was hailed some years ago as
one of India’s hottest property destinations, with firms such as
US-based Tishman Speyer <a href="http://www.maaproperties.com/Pages/Hotproperties.aspx" target="_blank">Properties </a>and Malaysia’s Sunway City Bhd
coming in to launch their maiden projects in the country.In its present condition, Andhra Pradesh’s capital city remains the lone realty victim of the slowdown.“Other cities are already on the
recovery route. But Hyderabad has been in the news for all the wrong
reasons,” said George Johnson, city head (firm management), Jones Lang
LaSalle Meghraj, a property advisory.The downturn perhaps shook Hyderabad more than it did other large cities due to certain disturbing events.The first was the unravelling of a
multi-crore accounting fraud at Hyderabad-headquartered Satyam Computer
Services Ltd last January, followed by the death of chief minister Y.S.
Rajasekhara Reddy in a helicopter crash in September.And just as the sector was beginning to
recover, the struggle for a separate Telangana state that includes
Hyderabad, intensified.
</p>
<p style="text-align: justify">
“Whether the market bounces back
depends on if they can control the Telangana agitation,” said N.R.
Aluri, managing director, NCC Urban Infrastructure Ltd. “The
residential segment particularly looks uncertain though we are
expecting some demand in the budget category.”City-based NCC Urban, a subsidiary of
Nagarjuna Construction Co. Ltd, has moved its focus to Bangalore, where
it is building four projects, compared with one in Hyderabad.NCC’s signature project, a 400-acre
mixed development on Hyderabad’s outskirts in Tellapur, in a joint
venture with Tishman Speyer India, has been put on hold. Its only
ongoing project in the city, Nagarjuna Residency in Gachibowli, has
been cropped from 12 blocks to six.Following the 1990s’ IT boom in the
city, <a href="http://www.maaproperties.com" target="_blank">Hyderabad’s realty market </a>reached its peak between 2005 and 2007,
with rising land prices triggering a wave of speculative buying.
</p>
<p style="text-align: justify">
Property consultants say the key
problems with Hyderabad have always been its unplanned real estate
growth, demand-supply mismatch and steep land prices.In 2007, for example, a consortium of
developers bought 5.8 acres in the city’s posh Jubilee Hills area for
Rs58 crore an acre. The project, which hasn’t been launched yet, would
need to sell at Rs15,000 per sq. ft at least to be viable, said a
property consultant, who didn’t want to be named.“Everyone was buying large land tracts
and planning big projects. Most projects launched in the last two years
are nowhere near completion,” said P. Premkumar, member, AP <a href="http://www.maaproperties.com/Pages/Hotproperties.aspx" target="_blank">Real Estate
Developers </a>Association.Premkumar’s firm, Doyel and Co., part
of Opus Developers and Builders Pvt. Ltd, is building Sunway Opus Grand
with Malaysia’s Sunway City. The Rs1,700 crore township in Hitec City,
a technology hub in Hyderabad, was announced in 2007 but construction
hasn’t started yet though bookings have begun. It will have luxury
homes and is Sunway City’s maiden project in India.Yap Chun Hua, chief operating office of Sunway Opus, refused to talk about the project citing company policy.
</p>
<p style="text-align: justify">
According to Jones Lang LaSalle
Meghraj, around 5 million sq. ft of commercial space in the city is
expected to come into the market in 2010, of which a little more than 3
million sq. ft is likely to be absorbed.Many buildings that were supposed to be operational in 2009 are still under construction, it added.S. Pochender, director and chief
executive of Lanco Hills Technology Park Pvt. Ltd, a mixed-use project
in Hyderabad, said the Telangana struggle ripped apart the local
property market in December, just when the city was seeing green shoots
of a revival.Around 400,000 sq. ft earmarked for
office space in the Lanco Hills project is yet to find takers, after
five-six nearly-finalized deals fell through in December, he said.
Around 2 million sq. ft of retail space, including a 14-screen
multiplex, is also going slow. “We have closed 60% of bookings for the
homes, the rest is still there.”Jones Lang LaSalle Meghraj’s report
says only 0.72 million sq. ft of retail space in the city will be
launched in 2010, and demand will be dormant.
</p>
<p style="text-align: justify">
Bangalore, some 550km from Hyderabad,
has been gaining from Hyderabad’s loss. Not surprisingly, many
investors want to exit projects in Hyderabad or delay investment
commitments.Nervous of getting stuck, Naresh C.
Reddy, an independent investor, who also runs his own pharmaceutical
business in Hyderabad, exited from three premium housing projects in
the Madhapur area in the last week of November, when the Telangana
movement was gathering steam.“I made a loss compared to the initial
investment that I had made in mid-2008. But I am now talking to
builders in Bangalore because I think the city is safer to invest in,”
said Reddy.Irfan Razak, promoter of
Bangalore-based Prestige Estates Projects Pvt. Ltd, said he, too, has
put on hold a villa project in Hyderabad, originally planned for a 2009
launch.
</p>
<input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-02-24T09:47:38ZtmvarmaTelangana stir worsens outlook for realty sector in Hyderabad
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4438&blogId=537
Dotted with the sprawling campuses of
information technology (IT) firms such as Microsoft Corp. and Wipro
Ltd, Hyderabad’s fast-moving growth corridor—the Gachibowli area—looks
skeletal with half-done buildings, yellow construction cranes and giant
billboards that promise delivery of homes on time.
<p style="text-align: justify">
Hyderabad was hailed some years ago as
one of India’s hottest property destinations, with firms such as
US-based Tishman Speyer <a href="http://www.maaproperties.com/Pages/Hotproperties.aspx" target="_blank">Properties </a>and Malaysia’s Sunway City Bhd
coming in to launch their maiden projects in the country.In its present condition, Andhra Pradesh’s capital city remains the lone realty victim of the slowdown.“Other cities are already on the
recovery route. But Hyderabad has been in the news for all the wrong
reasons,” said George Johnson, city head (firm management), Jones Lang
LaSalle Meghraj, a property advisory.The downturn perhaps shook Hyderabad more than it did other large cities due to certain disturbing events.The first was the unravelling of a
multi-crore accounting fraud at Hyderabad-headquartered Satyam Computer
Services Ltd last January, followed by the death of chief minister Y.S.
Rajasekhara Reddy in a helicopter crash in September.And just as the sector was beginning to
recover, the struggle for a separate Telangana state that includes
Hyderabad, intensified.
</p>
<p style="text-align: justify">
“Whether the market bounces back
depends on if they can control the Telangana agitation,” said N.R.
Aluri, managing director, NCC Urban Infrastructure Ltd. “The
residential segment particularly looks uncertain though we are
expecting some demand in the budget category.”City-based NCC Urban, a subsidiary of
Nagarjuna Construction Co. Ltd, has moved its focus to Bangalore, where
it is building four projects, compared with one in Hyderabad.NCC’s signature project, a 400-acre
mixed development on Hyderabad’s outskirts in Tellapur, in a joint
venture with Tishman Speyer India, has been put on hold. Its only
ongoing project in the city, Nagarjuna Residency in Gachibowli, has
been cropped from 12 blocks to six.Following the 1990s’ IT boom in the
city, <a href="http://www.maaproperties.com" target="_blank">Hyderabad’s realty market </a>reached its peak between 2005 and 2007,
with rising land prices triggering a wave of speculative buying.
</p>
<p style="text-align: justify">
Property consultants say the key
problems with Hyderabad have always been its unplanned real estate
growth, demand-supply mismatch and steep land prices.In 2007, for example, a consortium of
developers bought 5.8 acres in the city’s posh Jubilee Hills area for
Rs58 crore an acre. The project, which hasn’t been launched yet, would
need to sell at Rs15,000 per sq. ft at least to be viable, said a
property consultant, who didn’t want to be named.“Everyone was buying large land tracts
and planning big projects. Most projects launched in the last two years
are nowhere near completion,” said P. Premkumar, member, AP <a href="http://www.maaproperties.com/Pages/Hotproperties.aspx" target="_blank">Real Estate
Developers </a>Association.Premkumar’s firm, Doyel and Co., part
of Opus Developers and Builders Pvt. Ltd, is building Sunway Opus Grand
with Malaysia’s Sunway City. The Rs1,700 crore township in Hitec City,
a technology hub in Hyderabad, was announced in 2007 but construction
hasn’t started yet though bookings have begun. It will have luxury
homes and is Sunway City’s maiden project in India.Yap Chun Hua, chief operating office of Sunway Opus, refused to talk about the project citing company policy.
</p>
<p style="text-align: justify">
According to Jones Lang LaSalle
Meghraj, around 5 million sq. ft of commercial space in the city is
expected to come into the market in 2010, of which a little more than 3
million sq. ft is likely to be absorbed.Many buildings that were supposed to be operational in 2009 are still under construction, it added.S. Pochender, director and chief
executive of Lanco Hills Technology Park Pvt. Ltd, a mixed-use project
in Hyderabad, said the Telangana struggle ripped apart the local
property market in December, just when the city was seeing green shoots
of a revival.Around 400,000 sq. ft earmarked for
office space in the Lanco Hills project is yet to find takers, after
five-six nearly-finalized deals fell through in December, he said.
Around 2 million sq. ft of retail space, including a 14-screen
multiplex, is also going slow. “We have closed 60% of bookings for the
homes, the rest is still there.”Jones Lang LaSalle Meghraj’s report
says only 0.72 million sq. ft of retail space in the city will be
launched in 2010, and demand will be dormant.
</p>
<p style="text-align: justify">
Bangalore, some 550km from Hyderabad,
has been gaining from Hyderabad’s loss. Not surprisingly, many
investors want to exit projects in Hyderabad or delay investment
commitments.Nervous of getting stuck, Naresh C.
Reddy, an independent investor, who also runs his own pharmaceutical
business in Hyderabad, exited from three premium housing projects in
the Madhapur area in the last week of November, when the Telangana
movement was gathering steam.“I made a loss compared to the initial
investment that I had made in mid-2008. But I am now talking to
builders in Bangalore because I think the city is safer to invest in,”
said Reddy.Irfan Razak, promoter of
Bangalore-based Prestige Estates Projects Pvt. Ltd, said he, too, has
put on hold a villa project in Hyderabad, originally planned for a 2009
launch.
</p>
<input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-02-24T09:47:09ZtmvarmaDTC and its impact on properties
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4426&blogId=537
<span class="txt-blk2">
<p>
The Direct
Tax Code (DTC) is a major evolutionary step in the direct tax history
of the country, which is all set to change the entire financial
landscape of India.
As it spells major change, it will require a fairly in-depth study
before all its implications can be understood and assimilated. On the
face of it, DTC may have benefited Indian tax payers due to some of its
moves, but it looks like a dampener for the Indian realty industry.
Moreover, it is likely to undergo many changes and corrections before
it is finally enacted. Hence commenting on DTC is a minefield. With
these qualifications let us analyse some aspects that will apparently
impact the property market. First, there is a significant change in the
way income from house property is calculated under DTC, most of which
is adverse from the point of view of residential property investments.
</p>
<p>
1. Tax on every property: Current tax provisions provide for paying
tax with respect to every property (except a self-occupied property)
whether let out or not, based on contractual rent and where that is not
available then based on a reasonable rent. There is also provision for
a vacancy allowance in case of property that has been previously let
out at any time.Under the DTC Bill, tax is payable on all properties on
the basis of a higher contractual rent or presumptive rent. The
provision for vacancy allowance has also been deleted. In most cases
the local authorities have now moved to a market value based rateable
value. Possibly the presumptive rate has been kept at a middle value of
6 per cent considering that commercial properties can be rented out at
around 8 per cent of the market value. Of course this simplicity works
against residential property ownership. Since the income is higher of
contractual rent or presumptive rent the end result will be taking
completely non-existent income as income. Thus whether or not a tenant
is available for the premises, it forces the owner to pay tax on
income.Without the protection of the vacancy allowance that is
available under the current tax laws this single change will drive
investors out of the market. Some may argue that not having investors
may not necessarily be a bad thing but it may not be an ideal situation
either.
</p>
<p>
2. Unclear clause: The words for not applying this income clause to
one non-let-out property (equivalent to a self-occupied property under
the current provisions) are a little unclear and if left unchanged can
jeopardise even this small relief.
</p>
<p>
3. Gross rent: For let out properties the standard deduction has
been reduced from 30 per cent to 20 per cent of the gross rent.
</p>
<p>
4. Deduction: Deduction is available on all properties for local taxes and service tax to the extent paid.
</p>
<p>
5. No deduction for interest: There is no deduction for interest for
non-let-out properties where the income is taken as nil unlike the
current provision where this is available up to Rs 1, 50,000.
</p>
<p>
6. Principal payment: There is no provision for deduction on the principal payment of the loan taken to buy a home.
</p>
<p>
7. Commercial property: As far as commercial property is concerned
it is now clear that renting out property in whatever guise will now be
taxable as income from house property and not as business income or
income from other sources. The impact is that no deduction for any
other expenses will be allowed except local taxes, service tax and
interest on loan.
</p>
<p>
8. Joint properties: The good thing is that calculations for jointly
owned properties has been made absolutely clear as also the treatment
of interest payable for loans taken to re-pay the original home loan.
</p>
<p>
All in all, the real killer here is the presumptive rent. Clearly,
this is a stiff annual wealth tax on owning a residential house
property in the guise of creating an objective benchmark
for the rental potential of a residential house property. With changes
in capital gains tax as well as the current rental laws, which
discriminate against landlords, and the stiff service tax on rentals,
owning residential property except one for self-occupation will be a
fairly taxing thing. These provisions, if enacted, are likely to have a
very large impact on the residential property market. Residential
properties purchased for investment purposes or ownership of second
properties are likely to go down significantly. Still these are early
days so let us see what actually gets enacted into law. Till then you
move on with your decisions of home buying!<a href="http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Articles&nid=1112 " target="_blank">http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=Articles&nid=1112 </a>
</p>
</span><input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-02-20T13:28:04ZtmvarmaCities see boom in sales of luxurious housing
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4316&blogId=537
<p>
The
country’s largest <a href="http://www.maaproperties.com">real estate developer</a>, DLF, sold apartments worth Rs
1,000 crore in December. This is the highest monthly sale the company
has recorded in its history. There are many developers like DLF who
have seen a surge in the sale of apartments across the country in the
quarter ended December, especially in the luxury and semi-luxury
category.A large chunk of DLF’s sales are also from the luxury and
semi-luxury segments. It sold 76 apartments of Rs 5 crore each in The
Magnolias, Gurgaon, netting nearly Rs 400 crore. The project has
apartments of 5,825 sq ft each and duplexes and penthouses of 9,000 to
10,000 sq ft each.It made another Rs 200-300 crore each in its
relaunched projects, DLF Belaire and Park Place, in Gurgaon. Belaire
had a price of Rs 2-3 crore each and Park Place of Rs 1.25-1.5 crore.
</p>
<p>
Indiabulls Real Estate has sold 100 <a href="http://www.maaproperties.com/Pages/FeaturedClassifieds.aspx" target="_blank">apartments</a> in its 65-storey
‘Indiabulls Sky’ in the Lower Parel area of Mumbai in the past four
months. It has also recently launched Indiabulls Sky Suites with
full-age advertisements, promising ‘A head in the clouds experience’’.
While, apartments in Sky were priced at Rs 6.75-22.5 crore, depending
on the size, Sky Suites are expected to be higher.Indiabulls is also
working on a super-luxury, ‘By invitation only’, Indiabulls Sky Forest,
where homes are more than 10,000 sq ft each and priced 10-20 per cent
higher than Sky projects.Buoyed by response for its premium housing
projects, Orbit Corporation, another Mumbai-based developer, says it
will launch one luxury project in the city every quarter. Orbit has
sold off its first lot of 18 flats in Orbit Terraces — a premium
housing project in the Lower Parel area where apartments ranged from Rs
3.3 crore to Rs 6.6 crore — within 17 days of its launch in September.
It sold another dozen flats in the same building later.Orbit earlier
sold its Orbit Arya project in South Mumbai, where apartments were
priced at Rs 10-15 crore, within a month.
</p>
<p>
The increasing sales
are a result of many factors, besides general economic recovery. “A
host of reasons have helped property sales. Interest rates are down,
property prices are down 30 per cent from the peak and markets are
doing well. All these are giving confidence to buyers to buy premium
homes,” says Rajeev Talwar, executive director, DLF.Agrees Raminder
Grover, chief executive of Homebay Residential, part of Jones Lang
LaSalle Meghraj: “Post slowdown, this segment has clearly picked up and
we must have marketed and sold 60-70 of homes of Rs 5 crore and
above.”Developers are cashing on this demand by offering even more
expensive and exclusive apartments. For instance, Pune-based Kumar
Builders is planning to build ‘sky villas’ in the Worli area of Mumbai,
where the first villa will start from the twelfth floor. Called Kumar
Couture, it will overlook the Bandra-Worli Sea Link and will be priced
at Rs 30 crore each, for about 8,000 sq ft.
</p>
<p>
<strong>Beyond Delhi and Mumbai</strong>
</p>
<p>
In Hyderabad, Dax Properties Pvt Ltd (part of Countryside Realtors Pvt
Ltd) has sold 65 to 70 villas in its Golf Retreat Project since the
launch last month. Costing Rs 1.2-2.5 crore each, they vary from 500 sq
yards to 2,000 sq yards.“There are takers from all over the country,’’
says Hassan, managing director of Dax. Another developer, Aditya
Housing and Infrastructure Development Corporation, has sold 20 villas
out of 30 at Empress Park in the Jubilee Hills area of Hyderabad. Each
villa costs Rs 3.5 crore.A few days earlier, Aditya Housing announced
Mount Castle at Nandagiri Hills in the city, where each floor was
occupied by a single flat. Of the 24 it plans to develop, it has
already sold five.In Pune, Kumar Builders sold 77 flats within a short
span of time in its premium project, 45 Nirvana Hills, where apartments
are priced above Rs 1 crore. The company plans to launch two or three
luxury housing projects — flats, bungalows and row houses — in prime
localities like Kalyani Nagar and Hadapsar.Bangalore is also likely to
see more luxury projects in the category of Rs 4 crore-plus by
developers such as Prestige and Nitesh Estates, as developers have seen
good response for the premium products in the past three months.<a href="http://www.maaproperties.com">http://www.maaproperties.com</a>
</p>
<input id="gwProxy" type="hidden" /><input id="jsProxy" type="hidden" />
<div id="refHTML">
</div>General2010-01-16T17:34:51ZtmvarmaAP realty sector at a standstill
http://blogs.fullhyderabad.com/showblog.php?op=ViewArticle&articleId=4276&blogId=537
<span>
<p>
With weeks
of agitation continuing across Andhra Pradesh over the issue of
statehood for Telangana, transactions in the <a href="http://www.maaproperties.com" target="_blank">real-estate sector</a> have
nearly come to a standstill in Hyderabad and other major towns, with
buyers opting to wait and watch.After a gloomy recession-hit beginning
to 2009 and major price correction, the sector had begun to gradually
show signs of recovery in the last few months. However, the continued
uncertainty over the statehood issue has set the clock back, according
to representatives from the realty sector.The President of AP Builders
Forum, Mr C. Shekhar Reddy, said the sector has taken twin blows in the
form of economic recession and also drop in prices due to slackening
demand. “The prices of residential properties have dropped by about 30
per cent in the last 12 months. The flexibility to go down any further
has gone,” Mr Reddy said.The Managing Director of Koncept Ambience, Mr
M.P. Agrawall, said: “While realtors are concerned about the ongoing
agitation as transactions have come to a halt, genuine buyers are keen
They expect some more downslide before buying.”The notion that there is
more supply than demand is incorrect, he said. The economic downturn
and lack of buyer interest in the first half has deterred many
developers from venturing into new projects.The available supply will
take care of the demand over the next six months, and “suddenly we will
realise that there is need for more projects particularly in the
affordable segment, which is in short supply,” Mr Reddy said.The
Chairman of Confederation of Indian Industry, AP region, Mr Y. Harish
Chandra Prasad, said: “The agitation is bad for the infrastructure
sector and real estate players. It sends wrong signals to investors. We
hope the issue settles down soon and the uncertainty is put behind,
helping resume normal business. The offtake of commercial property too
could be hit as companies and establishments adopt a cautious
wait-and-watch approach.”
</p>
<p>
<strong>Speculative buying</strong>
</p>
<p>
The Chief Executive Officer of Lanco Hills, part of the Lanco Group, Mr
S. Pochendar, said that speculative buying was missing in the market in
the last six months. This augured well for the sector as the slowdown,
coupled with demand-driven pricing, has helped stabilise prices.“Before
the build-up to the current agitation, market was already subdued and
bottomed out at every nook and corner of the twin cities. The number of
takers too had come down. The speculative investment was totally out.
The prices too had reached their lowest levels in the last four years.
I don't see any more surprises in the sector,” Mr Agrawall said.Since
the recent agitation, genuine buyers hope to see some more downslide,
which is unlikely. There is also no likelihood of flight of investors,
as some speculate. Investors invest wherever there is opportunity, not
just in Hyderabad, but other States and in some overseas markets, Mr
Agrawall said.However, some players said prices will go up in
Vijayawada and Visakhapatnam as some of the speculative investors could
prefer these growing cities to Hyderabad in the near term.Mr Shekhar
Reddy, however, believes this is not true. From the interaction he has
had with some of the project developers, they see this as a passing
phase of their business cycle and are okay waiting for this phase out.
“Even assuming that a separate state is formed, how will this change
their existing business plans?” he asked. “Due to slowdown, with scores
of real-estate developers delaying taking up new projects and
concentrating on completing the ongoing ones, in the next six to 12
months we will suddenly face a situation where we will have increased
demand and shortage of supply. This could potentially push up prices
faster than we anticipate,” Mr Agrawall argued.Mr Prasad said the
ongoing impasse could also affect the prospects of some of the major
infrastructure projects such as the Hyderabad metro rail and foreign
direct investment. Banks and financial institutions base their project
estimation on the business prospects and valuation of real-estate. And
if this comes down, they could be wary of funding new projects.
</p>
<p>
<strong>Impact on infra projects</strong>
</p>
<p>
Asked if some of the projects are in trouble due to liquidity crunch,
Mr Shekhar Reddy said the situation is no different from the one about
12 months ago. In fact, several private equity players have set up
their teams to look at potential buyout candidates or investment
opportunities.“The agitation has had a negative impact on the sector.
However, we are looking at the next year with much optimism and hope
that the current stalemate is resolved. Once that happens, all those
who are keen to own a property will be back hunting for properties,” Mr
Pochendar said.For the <a href="http://www.maaproperties.com/Pages/HyderabadRealestate.aspx" target="_blank">real estate developers</a>, reality has sunk in.
From a stage a couple of years ago, where on the day of Bhoomi Puja
most apartments would see buyer interest, realtors are now faced with
the challenge of convincing potential buyers who prefer to wait and
watch. This happens when it is a buyer's market, Mr Reddy said.
</p>
<p>
<a href="http://www.maaproperties.com/ " target="_blank">http://www.maaproperties.com/
</a>
</p>
</span>General2009-12-28T12:11:21Ztmvarma