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 Hyderabad Ranked Top as Cost-Effective Aerospace City Globally
Hyderabad Ranked Top as Cost-Effective Aerospace City Globally

In the third edition of FDI's Aerospace Cities of the Future 2020/21 rankings, Hyderabad was ranked number one under the category of Top 10 Aerospace Cities in Cost-Effectiveness. Hyderabad as Affordable Aerospace City Hyderabad is ahead of Bengaluru for the cost-effectiveness of the three (biennial) editions. In 2018–19, Hyderabad stood two positions having ranked third and in 2016–17 six positions from its seventh spot. On the other hand, Bengaluru is ranked 7th this year in cost-effectiveness while retained 5th spot in 2018-19 and 8th in 2016-17.  The requirements used for ranking global aerospace cities under the cost-effectiveness category are annual rent for prime Grade A office space (Dollar/sqm), the yearly rent for prime Grade A industrial space (Dollar/sqm), cost to import and export (Dollar/container) and average salary (Dollar/semi-skilled and skilled worker). List of Cities at FDI's Aerospace Future 2020/21 Rankings In the cost-effectiveness category, the cities that made to the top 10 list in the 2020/21 rankings include  Hyderabad New Delhi  Eskisehir (Turkey) Subang Jaya (Malaysia) Mielec and Wroclaw (Poland) Bengaluru Istanbul (Turkey) Kuala Lumpur (Malaysia) Hermosillo (Mexico)  Praveen P A Director Aerospace & Defense of the Telangana Government responded on the ranking of Hyderabad and stated that it is a well-proven aerospace hub for India which has manufactured and linked facilities for major world players, such as Lockheed Martin, Boeing, GE, SAFRAN, Pratt & Whitney, CFM, Saab, Thales, Elbit, Rafael etc. The cost-effectiveness rating of the Hyderabad Aerospace and Defense ecosystem would further underline the value proposition. Aerospace requires a highly trained team and accuracy. This ecosystem has already been built by Hyderabad to ensure and enhance performance. The global aerospace industry is given the utmost priority after the pandemic, overhead reductions and cost-efficiency of the supply chain. By: Shailaja K

Government Reduced Layout Regularization Scheme Charges in Telangana
Government Reduced Layout Regularization Scheme Charges in Telangana

In response to the rising demands made by the public on revising regularisation fees under LRS, the State government decided to reduce the fee for regularisation of plots or layouts. This decision would give relief to thousands of poor and medium-sized people who have purchased land for years and now have to regularise them. Government Slashed LRS Charges In addition to providing an excellent opportunity for regulating illegal layouts and plots, the Telangana government has cut the fee for regularisations and provided these property owners with the much-needed financial assistance. The step to reduce the fee for regularisation is welcomed by all, and members of the real estate sector. President of CREDAI Telangana G.Ram Reddy supported the state government's decision to reduce the charge for regulations and added that this would do much to curb unauthorized layouts or plots. People can now be motivated by paying the appropriate fee to regularise their layouts and plots. The Telangana government on Thursday revised the land regularisation rates under the Telangana Regularisation of Unapproved and Illegal Layout Rules. Under the revised rules, the Government provides seven slabs instead of the four proposed in GO No. 131, dated August 31, like in the old LRS scheme of 2015. Revised Layout Regularisation Scheme 2020 Charges  Regularisation Charges for Market Value of Plot per sq.yd as on August 26, 2020  Regularization Charges in Rs per sq.yd (% of basic regularization charges ) below 3000 20 % between 3001-5000 30 % 5001-10,000 40 % 10,001 to 20,000 50 % 20,001 to 30,000 60 % 30,001-50,000 80 % above 50,000 100 % Besides, the Government also clarified that the pro-rata open space charges would be collected from those layout owners if 10% of open space is not available in the unapproved layout. The Pro-rata open space charges for layouts is 14% of the plot value. As well as unapproved layout owners who are applying for LRS 2020, they should not pay the NALA charges because the LRS 2020 fees include NALA charges also. Reduced Fee Give Real Estate Owners Financial Relief  Apart from real estate organizations, both the general public and agents have expressed their satisfaction at the government orders. This new charges will benefit many middle-income people. For e.g., if an individual acquired a plot in an unauthorized layout ten years ago without checking the rules and land requirements properly and the seller left them worried, now, this option, especially after the fee reduced for the LRS, would reduce the burden on buyers and others who find themselves in a similar situation, as they can officially regularise the plot. Most lands had been under the remit of gram panchayats before HMDA or HUDA were formed. Many people, particularly middle-income groups, had bought small plots to fulfil their dreams to own a house. But, the land prices have risen dramatically, especially in the last five years, following the formation of HUDA or HMDA. All these factors have been taken into consideration by the Government, and fee rates have been reduced. The new decision would reduce the burden of the middle-class people while regulating the land or properties in Hyderabad. By: Shailaja K

State Government to Expedite Infrastructure Development Works in Old City
State Government to Expedite Infrastructure Development Works in Old City

KT Minister Rama Rao is planning to discuss and establish an action plan to speed up development work in Old City in the presence of Hyderabad MLAs in Parliamentary Election Control. Rs 6,200 crore is being spent on road development, walking tracks, stormwater drainage and constructing tanks in Old City by the government. Rama Rao replied positively to various questions put on by MLAs in the State Assembly on Wednesday during a conversation on civic facilities and other amenities within GHMC and the surrounding areas as well as other municipalities. Government Budget on Old City Infra Development Around Rs 4,030 crore spent for stormwater drainage construction and expansion. For installing four Foot-over-Bridges (FoBs), Rs 13 crores have been sanctioned at the cost of Rs 85 crore, about 96 km of footpaths and rejuvenating 11 lakes are developed in under Mission Bhagiratha. Rs 2,020 crore allocated for infrastructure development under SRDP include  Owaisi flyover Bahadurpura flyover Chandrayangutta extension Falaknuma Road over Bridge (RoB) Yakutpura Road under Bridge (RuB) The beautification of Mir Alam Tank, Suraram Cheruvu Tank and Gurram Cheruvu Tank is expected to complete by March next year. The government will review the feasibility of developing the Murgi Chowk area into a multi-storeyed parking lot after consulting the heritage experts committee. Also, the tenders have been finalised, and construction work of a multi-storeyed parking lot will start at khilwath at Rs 50 crore. Proposed Development Facilities About 105 MGD's from the Krishna river at Greater Hyderabad were supplied to the old city for drinking water. The State Government is considering a further proposal to draw approximately 20 tmc from the Kaleshwara Lift Water System (KLW) through Sunkesula, in addition to exploring the proposed combinations of the Godavari and Krishna potable water systems for drinking water to peripheral areas. All this will help to improve the network for drinking water sources. In addition, as an integral part of the Musi Riverfront Development Project, the State Government aims to increase its Sewage Treatment Plants (STP) ability to meet the increasing needs of its peripheral regions by approximately 1,200 MGD from the current 800 MGD. KTR noted that the GHMC STPs was processing about 42% of sewage, which in all metropolis was the highest in the country. He also assured Akbaruddin Owaisi, AIMIM floor head, that he would convene an L&T meeting to establish a plan for the construction of Hyderabad Metro Rail in old cities. By: Shailaja K

Government to Develop Wayside Amenities at Hyderabad ORR
Government to Develop Wayside Amenities at Hyderabad ORR

The Telangana government is gearing up to provide wayside leisure facilities on ORR for making long way routes comfortable to commuters. MA&UD Minister KT Rama Rao said that at the 19 interchange routes of the 160-kilometre-long Outer Ring Road (ORR) around Hyderabad the government is planning to build roadway amenities which will provide leisure for those who drive along the stretch. The government proposed facilities include Clean drinking water, food courts, restrooms, car park and other services.  Govt Fund Allocation for Infra Developments The Minister announced that by 2nd October 18,000 public toilets would be ready at every City in the State. The government has spent Rs 69,000 crore on the City's growth from 2014 till its plan to turn it into a world-class city, and the amount could well exceed the one lakh crore mark if revenue expenditure is added. In the past six years, the GHMC budgetary allocation was Rs 7,700 crores and, through programmes like the Strategic Road Department Program (SRDP), the Non-Budgetary Allocation will be another Rs 1,800 crores. The Minister explained that not only in Hyderabad but in other cities of the State, the State government has been releasing funds promptly to the civic bodies. "The Government released Rs 78 Crore every month to GHMC without fail since the launch of the 'Pattana Pragathi' programme, as of February of this year. The planned wayside amenities would give impetus to economic activities, including trade and employment. By: Shailaja K

Rs 67000 Cr Aid Provided for Hyderabad Infrastructure Developments
Telangana-Rs 67000 Cr Aid Provided for Hyd Infrastructure Developments

In a quick discussion at the State Assembly, Minister KT Rama Rao said that Hyderabad was emerging as the most sought-after destination in the country due to its developing infrastructure. In the State's economy, the city plays a key role and the Government has been making every effort to sustain its growth dynamism. Special attention is paid to easing the congestion of traffic by various actions like constructing flyovers and passages. Infrastructure Growth of Hyderabad After Bifurcation After the establishment of the state of Telangana, the Government has invested a huge amount of Rs 67,135 crore in infrastructure growth. In addition, every month approximately Rs 78 crore was allocated from the State to Greater Hyderabad Municipal Corporation. For the remaining urban local bodies (ULBs) in the state, another Rs 70 crore was distributed every month. Also, the government plans to extend the Metro services of Hyderabad in the coming days to meet the needs of the people in other parts of Greater Hyderabad. During the pre-COVID era, Hyderabad Metro Rail flew more than 4 lakh passengers every day. With 42.6% of its population living in urban areas, the Telangana state is the fastest urbanising State in the country. The national average was just 31.2% for the urban population. Minister clarified the reasons for several administrative changes introduced by the State government to meet ever-growing urbanisation demands. In addition, the Government is taking several measures to strengthen the economy so as to improve jobs, develop infrastructure and strictly enforce law and order. There were about 75 new municipalities and seven new municipal corporations bringing the total number of ULBs in the State up to 142. Hyderabad is therefore ranked among the world's best living cities. In all other municipalities, the government has applied the same significance to the growth of infrastructure. Also, it has taken advantage of the lockdown and has accelerated the development of infrastructure in all ULBs, especially Greater Hyderabad. And with only a nominal fee of Rs 1, the government provided tap connection to every ULB household. State Government Proposed Measures In Hyderabad, Warangal and Karimnagar, the government has already established the State Disaster Response Force and will shortly expand to the other ULBs. A fabulous response was also given to Basti Dawakhanas who provide medical care of quality to urban poor people. Their number will be expanded to other cities in the State from 198 to 350 in the GHMC area. Various new measures were implemented to reduce corruption and enhance citizen-centred services, including a new Municipal Act and TS-bPASS Act.  In addition, KTR declared that the planned power generation plant at the Jawahar Nagar dump yard was ready with a power generation capacity of 19.8 MW. After the opening, this will be South India's largest waste-to-energy plant, with provision for an additional 28.2 MW capacity. The waste processing tenders in other ULBs in the state have been concluded and the process will begin shortly. In addition, Faecal Sludge treatment plants are being built in 71 ULBs by the state government where they are under construction in 58 ULBs. The GHMC implemented jetting machines for ending manual scavenging and gained Prime Minister's Office accoladations. In the area of GHMC, approximately 150 Annapurna canteens supplied Rs 5 meals to 35,000 persons daily. At the COVID-19 lockdown, the number of Annapurna canteens went up to 375, where food for lunch and dinner was given. These canteens have served 5.58 crore meals ever since they began. Also, the much-awaited Durgam Cheruvu bridge was also ready to open. By: Shailaja K

Hyderabad Awarded as Best Indian City in Standard of Living
Hyderabad Awarded as Best Indian City in Standard Of Living

Hyderabad has emerged as the best city in terms of living standards among Indian cities as per the Mercer's Quality of Living rankings 2020. Hyderabad Ranked Higher For Quality of Living The City of Pearls, Hyderabad makes it a practice to rank at the top, whether it is a global or a national survey. After ranking as the Most Dynamic City among the world in the JLL City Momentum Index for 2020, it is now headed first among India's 34 Best Cities in quality lifestyle living. The survey, where Hyderabad ranked first after scoring 4.0 out of 5, found the city of Nizams leading the chart amongst other cities like Mumbai, Pune, Bengaluru and Chennai. The study indicates that between September and March are the best time to visit the city. And there are not only a few but many places to travel right from the historic Charminar and the Golconda Fort to Ramoji Film City. Hyderabad soon becomes South India's New York City and is really an excellent place to visit in Telangana. Many people are interested in visiting the city and for all businesses and industries, it is the safest and the best location. There are wonderful places to visit here and "the people, culture and food" are the most beautiful things about this city. Hyderabad is not the first time leading the list in various studies and surveys conducted by various organisations. It bagged the most dynamic city title in the JLL City Momentum Index 2020. The index, which also confirmed that it is one of India's fastest-growing cities and declared that it has attracted considerable interest from foreign property investors. By: Shailaja K

Guide on What To Check before Investing in an Under-Construction Property
A Guide on What To Check before Investing in an Under-Construction Property

The Real Estate industry is the second biggest market in India, contributing majorly to its GDP. It is predicted that the contribution would be about 13% by 2025.  You might have thought thoroughly to invest in properties, but the challenge comes when there are many options available in the market right from under construction projects to ready-to-move homes. Each has its advantage, saying that under construction properties can be a better investment opportunity, levying certain aspects.   Checklist for Buying Under-Construction Property Under construction project – RERA compliant:  The process of buying under construction flat or construction property first involves checking if the property that you have planned to purchase or invest is RERA compliant. The advantage of RERA registered projects is you do not have to stress about the project construction status, that is, the deadline and the possession date. Because you can keep track of the project's progress by visiting the RERA website, apart from that, RERA compliance projects get approvals from the municipal corporation, water, and electricity departments before starting the project. Check the legal aspects of the under-construction project:  If the under-construction project you have picked is already RERA compliant, you do not have to worry about the municipal approvals as they are default features of RERA. But if it is not, ask the builders and check for the documents and the respective authorities' permissions. You can only go in for this venture when you are clear and sure about all the approvals. Verify the builder's background:  One of the benefits of buying under-construction property is getting to do various validations before zeroing in the property. Like, before selecting the under-construction property, you can verify the builder's background. While demonstrating, you have to do proper research about the previous and current projects by the builders/developers. You have to check for the financial declarations of the builder and carry out due diligence. Taking up these steps will help you in confidently investing in the project/property. Visiting the project site:  Once you are checking all the paperwork – the next step is to go for frequent visits to the under-construction property. It is to understand if the construction, promised facilities, and the property's upkeep is as assured on the papers. Other than that, you can as well compare the current construction with the upcoming projects, facilities (schools, banks, markets, hospitals, etc.) in the vicinity to know if it is on par with the construction, timeline, availability, and other factors. Checking the timelines (possession timing):  With the new rules laid by RERA, builders/developers are quoting for some extra time to complete the under-construction property. Visiting the site gives you an idea of the extension of project completion is appropriate or not, and accordingly, you can either discuss with the builder or plug out of the project. Home loan for under-construction projects:  Financials is also a priority that you look into before advancing to property investments. If you are looking for options in home loans for under-construction property, ensure that you gather all the requisite details about the process and then go ahead with the idea. While availing home loans for under-construction property, the financial institutions verify if the property/project is a valid one. If the builder is prominent, then the process of offering loans is faster and easier. While you are in confusion and doubt, is it good to invest in under-construction property? We ensured that these doubts are clarified through the above checklist and that you are closer to purchase and own your dream home.

Amazon Stretched its Largest India Fulfillment Centre in Telangana
Amazon Stretched its Largest India Fulfillment Center in Telangana

India's largest fulfilment centre of e-commerce giant Amazon (FC) located in Hyderabad is all set to get bigger.  In Telangana, Amazon India expanded its fulfilment infrastructure with two new FCs in Hyderabad. The extension would help sellers have a wider variety and allow customer orders to be shipped faster within the area and neighbouring states before the next festive season. Amazon's Fulfillment Hub in Telangana Amazon.in now offers it's more than 4.5 million cubic feet of storage spread over four completion centres to over 23,000 salespersons in Telangana. The firm also extended an existing style centre in Telangana to have an overall range of more than one lakh square feet. The Telangana expansion is part of the newly announced plans for ten new FC and seven existing sites to be expanded in India. Director of Fulfilment Centres & Supply Chain, Amazon India, Prakash Kumar Dutta stated that Since the start of their operations in India, Amazon and Telangana have collaborated with country's largest centre for fulfilment in Hyderabad. This network growth will help to generate thousands of job opportunities and help us further support small and medium-sized companies within the area to fulfil their customer orders efficiently. Adding to this It will also provide an economic boost to the e-commerce ecosystem in Telangana across packaging, transportation and logistics. The Amazon India Continuing investment is the testimony of our company-friendly policies and provision of high-quality infrastructure, said Jayesh Ranjan, Senior Secretary, Departments of Industrie & Commerce (I&C) and Information Technology (IT). These new facilities will provide the SMB (small and medium-sized enterprise) industry with massive growth and create work opportunities for local talent. Thousands of items from the specialised Fulfilment Centres in Telangana will be available in the broad categories of appliances, including air conditioner, ventilation, washing machines and TV and a list of more than 1.2 lakh items covering the full range of furniture. Telangana's other FCs meet the demand of customers in the fields of smartphones, consumer electronics, appliances, apparel and consumer goods (FMCG). By: Shailaja K

Government Funded Rs 1000 Cr for Development of Link Roads in Hyderabad
Government Funded Rs 1000 Cr for Development of Link Roads in Hyderabad

To facilitate a steady flow of traffic in different areas of the city, the Government has developed several link roads by the Hyderabad Road Development Corporation Limited in association with the GHMC.  Municipal and Urban Development Minister KT Rama Rao said the development of more than 137 missing and link roads under GHMC was executed at the cost of Rs 1000 crores. These proposed roads are being developed under the supervision of Hyderabad Road Development Corporation Limited (HRDCL), an organisation set up to take care of infrastructure development in the Capital Region. Planned Infrastructure Developments Responding to a series of questions on link roads during Question Hour in the Legislative Council here on Monday, the Minister stated that so far 21 of the link road works covering a distance of 28.76 kilometres have been completed at the cost of 210 crores and the rest will be completed in two years. In the last six years, the government has launched four separate programmes in total. Under the Comprehensive Road Maintenance Program (CRMP) 709 kilometres of road have been allocated to private companies for maintenance. And Rs 1800 Crore will run for five years. The regular road maintenance programme is also taking place in addition to HRDCL, but many mega projects such as Skyways need clearance from the centre. Two Skyways, one on Rajiv Rahadari and the other on Nagpur road, were planned, both need Centre clearance and have been waiting for 100 acres of cantonment land for five years. He added that while the State government is expanding roads and adding more connecting roads in the city, the Ministry of Defense is shutting down roads that pass through the areas of the canton. And requested Council and Assembly representatives of the BJP to exercise their power and obtain permissions with the central government is pending.  He added that various stages are underway for IDPL-Dilsukhnagar, Kaitalapur ROB, Hitech City RUB, Kukatpally-Gachibowli connect, Anandbagh RUB and Tukaram Gate RUB. He also told members that signboards would be installed at all link roads to raise awareness for road users. By: Shailaja K

New TS-bPASS Online System in Telangana for Real Estate Property Approvals
New TS-bPASS Online System in Telangana for Real Estate Property Approvals

To simplify rules and procedures for acquiring building approvals MA & UD Minister KT Rama Rao passed the TS-bPASS (Telangana State Building Permissions Approval and Self Certification System) Bill on Monday. Telangana Building and Layout Permission Rules Ushering in a new era of transparency through a single-window clearance for building permissions in urban areas, the Government introduced TS-bPASS system in the state. The Bill seeks to bring in revolutionary reforms that will put an end to endless wait and bureaucratic hurdles in obtaining building permissions.  Self-certification and deemed approvals make it landmark legislation in municipal reforms. Minister stated that no other government in the country had introduced such a policy. TS-bPass will become India's first-ever integrated platform for property approvals.  The building permits would be approved within the stipulated 21 day period under the new regulation. The proposal shall be considered to have been accepted in the case of a delay of more than 21 days, and the official concerned shall be liable to reply to the applicant within seven days, during which action will be taken. Furthermore, municipalities may grant building permission based on the applicants' self-certification, and this permission is also valid for raising housing loans. Key Points of TS-BPASS Bill A single-window system for obtaining multiple NOCs using the One application form. Processing of tentative layout approval requests through online self-certification. Managing Land use and Land conversion certificates. Post verification of the permissions issued. The building permissions will be sanctioned within the stipulated period of 21 days. For plot size upto 75 sq.yds, no building permission and occupancy certificate are required.  One can obtain instant permissions for constructions in plots size from 75 sq.yds to 600 sq.yds through self-certification and begin construction works. A single window approval will be declared for all layouts and buildings in plot sizes of more than 600 sq.yds and more than 10 metres in height. The new TS-bPass system will fast-track building approval with minimal documentation and ensure a transparent delivery of citizen services. The newly introduced online TS-bPASS system would accelerate ease of real estate business in Hyderabad. By: Shailaja K

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