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Hyderabad, the top market for Funder Max, India
Real Estate
20 Sep 2021 | 18 Views
Hyderabad, the top market for Funder Max, India
FunderMax India, a branch of 130-year-old Austria-based has executed 15,000 projects since 2009 across different industries hospitality, hospitals, residential, retail, commercial malls, airports, metro stations. Hyderabad emerged as the top market for the company across India.  Currently, the company is seeking opportunities to cater to the interiors segment for corporates primarily in wall panelling, wall partitions and restroom cubicles. The company plans to enter kitchen furniture by the end of the year.    Hence, the company is putting their maximum efforts into selecting the right material, which is renewable, without using non-toxic material, reducing wastage, and easy to maintain.   The company imports panels from their parent company in Austria to India. Almost 50 per cent of the value addition happens here to meet the domestic market needs.   FunderMax India MD & CEO Prashanth Reddy enquiries about “The facade of a building contributes to its strength. The use of sustainable facades can encourage protecting the structure of buildings during severe heat as well as monsoon. A well-designed facade not only reduces the thermal bridges, condensation of water vapour, but also protects the building, and increases sustainability. During the summer season, it protects lots of energy by keeping the internal environment of buildings cool. One of the ways to prevent buildings from collapsing and damaging during monsoon season is to create sustainable facades to strengthen the structure.”  He also mentioned why Hyderabad is their first choice, “In Hyderabad alone, we have executed 1,500 projects. The city is a big market for us. New metro terminals offer enormous opportunities both in terms of taking care of their interiors and exteriors. We are seeing significant activity from tier-3 and tier-4 towns of Telangana as well.”           

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 Panchayat Raj minister ordered damaged roads shall be repaired
Panchayat Raj minister ordered damaged roads shall be repaired

 Panchayat Raj minister Errabelli Dayakar Rao ordered damaged roads shall be repaired  Panchayat Raj minister Errabelli Dayakar Rao ordered to start with the repair works of the roads that were damaged due to the heavy rainfall in Hyderabad. "Engineers in the engineering department should be promoted and report on it should be submitted. Further, the issues related to the traders and pump mechanics should be resolved and also directed to take up the pending works of construction of crematoriums, dumping yards," Rao ordered.  He requested the concerned authorities to repair the roads on a priority basis and demanded to submit the proposals for the construction of the new roads.  Also, he proposed developing a layout design of the project according to the constituencies after taking inputs from the public representatives respectively. Minister Dayakar Rao also commanded the concerned officials to permit job postings to the 57 DPOs and MPDPOs. 

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 Potholes and faulty lights, a nightmare for Hyderabad residents
Potholes and faulty lights, a nightmare for Hyderabad residents

 Potholes and faulty lights, a nightmare for Hyderabad's residents Monsoon became the worst nightmare for the commuters and residents of Meenakshi Courts and Meenakshi Estate, Jeedimetla, as the street is filled with potholes and faulty lights. Due to which commuters are devouring risks to travel towards Alwal via Loyola rear gate.  As the roads are damaged in the area, it became a hot spot for the accident—many two-wheeler skids on the damaged road. Especially Nighttime commuters have to face difficulties due to the streetlights. As on either side of the Loyola rear gate road are not working.   When it rain, the complete stretch of Meenakshi Court is drowned. The residents of Meenakshi Courts encounter challenges to cross the road. The citizens and commuters demand to fill the potholes, as people use the route to go to Alwal and Jeedimetla.   

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 Construction of Uppal flyover  jams traffic in Hyderabad
Construction of Uppal flyover jams traffic in Hyderabad

 Construction of Uppal flyover leads to the traffic jams in Hyderabad    Construction of the second-longest Flyover in Telangana, Uppal Flyover, is struggling with delays due to the land acquisition process. These unwanted situations appear to have enhanced the miseries of daily commuters. Stretched for over 11.5km starts at Uppal and ends at Central Power Research Institute, Medipally.   This six-lane corridor which starts at Uppal Junction, is going towards the Warangal highway and provides a smooth road for the people of Uppal.   Officers of the Roads & Buildings (R&B) Department informed that they are still expecting one hectare of land acquisition near Nalla Cheruvu.   Saroja Rani, chief engineer (projects), GHMC, said, "Land acquisition for the Uppal elevated corridor is still in progress."  "The corridor will have 148 pillars and the works were expedited for erecting slabs on pillars through the precast method. The State government is doing land acquisition for 1.5 km," told an official from the R&B department.  The estimated project cost is Rs 675 crore and is yet to complete a 6 km stretch, causing the delay. The precast method is being used for the construction of the Uppal flyover. 

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 GHMC sent notice to 3500 residential property owner
GHMC sent notice to 3500 residential property owner

 GHMC sent notice to 3500 residential property owner  Greater Hyderabad Municipal Corporation (GHMC) sent notice to 3500 residential property owners running commercial activities. Though the permits were given for residential purposes, the property owners were running commercial activities right under the nose of GHMC. For this reason, GHMC sent notices to control the commercial activities running in residential areas without the permission of the concerned authority.   Residential property has been misused for running boutiques, beauty parlors, shops, and offices. However, the civic body warned the owners to convert the building into commercial space or stop misusing it.  GHMC has been working around the clock to keep a check on such activities. GHMC has released a list of 118 new roads for a commercial stretch to develop the commercial hub in Hyderabad and its outskirts.            

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Real Estate prices to increase said developers and consultants
Real Estate prices to increase said developers and consultants

Real Estate prices to increase said, real estate developers and consultants   Surprisingly, India's real estate market is expected to observe expansion despite housing prices being anticipated to increase input expenses. In a webinar conducted by CII-Anarock on September 03, real estate developers and consultants stated they were taken aback seeing the revival of housing sales after the first and the second wave of COVID. Anarock Chairman Anuj Puri headed this event.  However, in general, the housing market deflated during the pandemic. According to Vikas Oberoi, Oberoi Realty Chairman and Managing Director developers, big or small and listed or unlisted, who have better execution track records shall continue to do better. "I clearly see consolidation and growth," he said, adding that the consumption of real estate has started going up. He also said the prices would be driven by a rise in input costs and supply crunch.  CMD M R Jaishankar, Brigade group, said that IT workers' incomes remained predominantly unmoved regardless of the pandemic. He observed that millennials have started to purchase homes to invest in solid assets such as real estate.  Vipul Roongta, MD, and CEO of HDFC Capital Advisors Ltd stated the company has been financing affordable housing projects to support India's housing market. 

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Telangana government to sell BR Ambedkar transport bhavan
Telangana government to sell BR Ambedkar transport bhavan

Telangana government to amass revenue by selling BR Ambedkar transport bhavan   The Government of Telangana predicts amassing possibly around ?20,000 crores by auctioning lands owned by them. A few lands have already been negotiated in the prior months, and Telangana has come to an enormous decision to sell the 6 acres land of the BR Ambedkar Transport Bhavan encompassed in one of the most prime areas of Khairatabad.  Parking spaces for regular vehicles and seized vehicles have been stipulated for 1.5 acres, the Transport Bhavan being incorporated on one side, and the other encountering the Transport Commissioner.  The deal is expected to be closed by Dussehra but is being procrastinated due to the revolts and objections aroused by citizens unpleased with the decision. The protestants are patriots feeling great discomfort with the judgment made as the building is worth more than just money. The BR Ambedkar Transport Bhavan is an exemplary embodiment, symbolizing and exemplifying the history and heritage of Hyderabad. The pandemic has taken a toll on the country, and sacrifices have to be made to move forward. Hopefully, the final action will convince all parties. 

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Huge real estate investment inflow for Hyderabad in H1 2021
Huge real estate investment inflow for Hyderabad in H1 2021

Huge real estate investment inflow for Hyderabad in H1 2021   Hyderabad's real estate investments have drastically heightened over the preceding few months, taping the most significant investment records in private equity that has surpassed the past five years of real estate undertakings. The real estate business is booming, and investors are desperately scouring properties to invest in.   Hyderabad glimpsed a real estate stake of $309.4 million during the H1 of 2020, surpassing Pune with an investment record of $232.3 million, Kolkata with $104.6 million, and Mumbai with $188.6 million. Vast undertakings have been commended in Hyderabad, especially in workspaces, offices, and residential properties. Hyderabad estimates a prosperous future in the real estate world with the rising demand for private equity assets.   Global realms are predicted to establish more of their companies and institutions in the concrete jungle of Hyderabad, and all the developed areas will represent sophistication and advancement. 6-7? of the revenue is taken up by the real estate business in H1 2020 and is expected to rise to 13? by 2025.   Hyderabad's Real Estate Industry was affected only to certain bounds, and it continues to boost more than ever after receiving a downpour due to the pandemic. The infrastructural advancements over the past years are finally projecting growth and development by paving the way for future success. 

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Future of Real Estate sector in Hyderabad seems promising
Future of Real Estate sector in Hyderabad seems promising

Future of Real Estate sector in Hyderabad seems promising.  Despite the fact that the COVID-19 pandemic has shaken the root of the real estate sector in India however Hyderabad managed to stay afloat.   According to the report ‘Residential Market Viewpoints-Hyderabad Q2 2021’ published by Anarock Property Consultants, about 8850 units were introduced in the second quarter of 2021. It can be said that the growth prospects of the real estate sector in Hyderabad seem quite profitable as the city earned the heftiest number of launches in the second quarter of 2021 as compared to the top-six cities in the country.   Still, the majority of the real estate operations take place in West Hyderabad. The report also brought out that Hyderabad’s percentage of sales has improved comparing the other metropolitan cities of India. The sales percentage increased from 8 per cent to 13 per cent in the second quarter. And, out of which, 68 per cent were sold in West Hyderabad.  The report also indicated area-wise average rent per month. According to the report, Gachibowli has the highest rent of 17 to 27 thousand and LB Nagar has the lowest rent of 7.5 to 13 thousand per month.           

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HMDA going to e-auction plots to strengthen the IT sector
HMDA going to e-auction plots to strengthen the IT sector

HMDA going to e-auction plots to strengthen the IT sector In a notification published on 31 August, the Telangana government will e-auction 35 plots which are spread in 117.35 acres of Khanamet and Puppalaguda at an advance cost of Rs 35- Rs 40 crore per acre. However, this auction is anticipated to procure a minimum of Rs 4,000 crore to the state government.  These plots will be auctioned by the Hyderabad Metropolitan Development Authority (HMDA) and the Telangana State Industrial Infrastructure Corporation (TSIIC) and MSTC Ltd which is an e-commerce corporation running on behalf of the State government.  The last date for registration and last date of payment of EMD or pre-bid amount for both the sites is September 25. Prospective buyers can visit the site from September 1 to September 24.  As per the notification, 22.79 acres of land will be e-auctioned at Khanamet on September 27, and auction of   94.56 acres of land at Puppalaguda will happen on September 28. As both the sites are located in the heart of the central business district (CBD). Hence, can be auctioned for numerous purposes from office space from residential to institutions to commercial and mixed purposes.   

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35 prime West Hyderabad plots to go under the hammer
35 prime West Hyderabad plots to go under the hammer

35 prime West Hyderabad plots to go under the hammer  The success of the mega e-auction of over a dozen prime plots in Kokapet and Khanamet in Hyderabad last month has prompted the State government to hold another round. On September 27 and 28, 35 prime plots which are spread over a total area of 117.35 acres in Khanamet and Puppalaguda will be put up for e-auction. By using electronic auctions, the cash-strapped state is hoping to raise 4,000 - 4,500 million rupees (roughly $450 million). The minimum upset price, which has yet to be determined, is expected to be in excess of Rs 25 crore per acre, which is a staggering amount.  In the plots developed by the Telangana State Industrial Infrastructure Corporation (TSIIC), financial institutions, developers, corporations, and investors will have access to modern amenities. Large internal roads will connect the plots which range in size from 0.74 to 6.62 acres. Khanamet (22.79 acres) will sell nine plots and Puppalaguda will sell 26 (95.56 acres).  In West Hyderabad, close to the Outer Ring Road (ORR) and the Central Business District, these plots are located. With their proximity to commercial centers, recreational areas, good transportation, hotels, hospitals, and schools, official sources say that the plots are likely to be snapped up in a matter of days.  MSTC Limited, a government-owned e-commerce enterprise, will conduct the e-auction in collaboration with the TSIIC. Prospective buyers can view the properties from September 1 to September 24. The auction of 13 prime plots in Kokapet (eight plots, 49.92 acres) and Khanamet (five plots, 15.01 acres) last month proved to be a jackpot for the government, bringing in more than Rs 2,000 crore and Rs 729.41 crore, respectively.  On August 30, a notification for the e-auction of the 35 prime plots will be issued. The deadline for registration and EMI payments is September 25 at 5 p.m. A pre-bidding session will be held on September 9. The e-auction in Khanamet will take place on September 27, and the e-auction in Puppalaguda will take place on September 28.  The auction decision comes two months after the State Cabinet directed the departments involved to take immediate action on the sale of vacant government lands. 

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35 prime West Hyderabad plots to go under the hammer
Real Estate
04 Sep 2021 | 1.4K Views
35 prime West Hyderabad plots to go under the hammer
35 prime West Hyderabad plots to go under the hammer  The success of the mega e-auction of over a dozen prime plots in Kokapet and Khanamet in Hyderabad last month has prompted the State government to hold another round. On September 27 and 28, 35 prime plots which are spread over a total area of 117.35 acres in Khanamet and Puppalaguda will be put up for e-auction. By using electronic auctions, the cash-strapped state is hoping to raise 4,000 - 4,500 million rupees (roughly $450 million). The minimum upset price, which has yet to be determined, is expected to be in excess of Rs 25 crore per acre, which is a staggering amount.  In the plots developed by the Telangana State Industrial Infrastructure Corporation (TSIIC), financial institutions, developers, corporations, and investors will have access to modern amenities. Large internal roads will connect the plots which range in size from 0.74 to 6.62 acres. Khanamet (22.79 acres) will sell nine plots and Puppalaguda will sell 26 (95.56 acres).  In West Hyderabad, close to the Outer Ring Road (ORR) and the Central Business District, these plots are located. With their proximity to commercial centers, recreational areas, good transportation, hotels, hospitals, and schools, official sources say that the plots are likely to be snapped up in a matter of days.  MSTC Limited, a government-owned e-commerce enterprise, will conduct the e-auction in collaboration with the TSIIC. Prospective buyers can view the properties from September 1 to September 24. The auction of 13 prime plots in Kokapet (eight plots, 49.92 acres) and Khanamet (five plots, 15.01 acres) last month proved to be a jackpot for the government, bringing in more than Rs 2,000 crore and Rs 729.41 crore, respectively.  On August 30, a notification for the e-auction of the 35 prime plots will be issued. The deadline for registration and EMI payments is September 25 at 5 p.m. A pre-bidding session will be held on September 9. The e-auction in Khanamet will take place on September 27, and the e-auction in Puppalaguda will take place on September 28.  The auction decision comes two months after the State Cabinet directed the departments involved to take immediate action on the sale of vacant government lands.