From giant sized hoardings to showering gift, KCR makes all efforts to win Hyderabad civic polls

 

Hyderabad: With Greater Hyderabad Municipal Corporation (GHMC) elections round the corner, the ruling Telangana Rashtra Samithi (TRS) has turned every road in Hyderabad pink by putting hoardings boasting about government's achievements. Winning GHMC elections is important for TRS as well as a matter of prestige for Chief Minister K Chandrashekhar Rao.

In an attempt to woo voters, the government is not only publicising its work but also showering gifts in the name of new projects and schemes.

But it's now publicity blitzkrieg by ruling TRS on Hyderabad roads. Giant sized hoardings and posters with picture of K Chandrashekhar Rao boasting about various welfare schemes can be seen across junctions and bus stands in the city. Some of the schemes are 24-hour power supply, old age pensions, Shaadi Mubarak scheme for brides from minority community, 2-bedroom house for poor.

To win the city's civic body polls, Rao has waived off Rs 455 crore water charges due in GHMC since 1989. He has also reduced property tax to benefit over 3 lakh families and increased the salary of outsourced staff. He has also distributed free dustbins to 42 lakh household as part of the 'Swacch Hyderabad' initiative.

His son and IT Minister KT Rama Rao said, "We have done a lot for Hyderabad. From world class roads to 24-hour power supply. People will see the work done in 18 months and surely vote for us."

This is the first election for municipal body in Hyderabad after bifurcation. In a bid to woo voters, ministers in the TRS-led government is on inauguration spree in view of GHMC election.

In the last few weeks, government has inaugurated 2-BHK houses for lower income group, laid Foundation stone for multi-level flyover project, inaugurated Japanese Park and Rose Garden for public and also laid foundation stone for new sports complex and model market at Sanathnagar.

The opposition has attacked the government calling it a poll gimmick and not delivering on many promises. The opposition parties are calling the publicity campaign by the ruling TRS party as a sheer wastage of money.

Launching an all-out attack on the KCR government, Congress leader Shabbir Ali said, "He is a dictator. Farmers are dying, there is no water for people. But Rao wants his hoardings at every corner. TRS has put 9,000 hoardings. This much money only they can waste."

Venkaiah Urges Parties to Support GST Bill

 

HYDERABAD:  Making it clear that Union government is willing to accommodate views of Congress party to the extent possible with regard to GST (Goods and Services Tax) bill, Union parliamentary affairs minister M Venkaiah Naidu hoped that the long-pending GST bill would be passed in Parliament at the earliest.

He called upon political parties, particularly, the Congress, to reciprocate the Centre’s gesture to enable the much awaited tax reform through introduction of GST in the country.

“I met the Congress president yesterday with a request to cooperate with us for early passage of the GST Bill,” he said. While interacting with mediapersons here on Friday, Venkaiah Naidu stated that introduction of GST is a matter of serious and far reaching reforming initiative. He recalled that it was first mooted by the NDA government and later the UPA government had introduced GST Bill which has pending for several years.

“There is now a broad consensus on GST due to efforts made by the committee headed by finance ministers of different states and the Union finance ministry.

In this backdrop, the NDA government has now stepped up efforts to take forward GST Bill pending in the Rajya Sabha,” he remarked.

According to him, issues raised by the Congress party have been discussed threadbare and what is feasible has been communicated to the Congress interlocutors. Any stalemate could only be resolved based on give and take, he added.

“Centre is very serious about introduction of GST given the benefits for the economy and common man. We are committed to bring a consensus on this matter. I once again appeal to the Congress Party to cooperate in this regard for early passage of the GST Bill,” the Union minister stated.

“The Union government would like the new year to mark a difference to the politics of acrimony and bitterness.

The passage of the GST bill could well mark this new beginning. Congress is entitled to its point of view on GST and the government is obliged to address their concerns to the extent possible and we are willing to do so,” he added.

ISRO Satellites and drones to Monitor Road Building Soon

Hyderabad:  New technologies are evolving in construction sector and soon Indian Space Research Organisation’s (ISRO) satellites and drones will be used to monitor highway construction programme which is aimed at fast track building of roads in the country. The Union government will soon sign a pact with ISRO in this regard,  Union minister for urban development M Venkaiah Naidu has said. “Lot of new developments like pre-cast structures, green building technologies are coming up in construction sector and builders should imbibe them and implement. The government is committed for development of building and construction sector and reforms are being taken up to revive the real estate sector in India,” he said speaking at the All-India Builders’ Convention here on Friday. Venkaiah Naidu said that relaxing FDI norms, tabling of the Real Estate (Regulation and Development) Bill and establishment of Real Estate Investment Trusts (REITs) helped in generating a positive outlook for the real estate investment market in the country. “The Union government’s measures have created positive sentiment and fostered several private equity and strategic investors, including pension and sovereign funds, to commit significant funds to the Indian real estate sector in the past 12 to 18 months,” stated Naidu. The convention is being organised by Builders Association of India (BAI). BAI acts as a bridge between government and contractors and highlights the issues of construction sector. More than 1,500 builders and contractors from across the country are participating in the convention.

Hike in value due to the metro rail factor

 

 

Please provide valuation for a two-bedroom 1200 sft apartment on the fifth floor, which is located just 100 yards from Tarnaka-Uppal main road near Habsiguda crossroads. The undivided share of land is close to 34 sq yd and apartment has a separate drawing room with four balconies. The building is 14 years old, but the construction is very good and the flat is well maintained.

K.S. Dangi

The demand for real estate, both residential and commercial, in Habsiguda, Tarnaka and Uppal is on the rise because of the upcoming Hyderabad Metro Rail (HMR). This is going to be the case in areas wherever the metro rail will be passing through. But, one has to keep in mind that the said property is 14 years old, which will be a factor in deciding its value. According to me, a rate of Rs. 3,300 per square feet will be applicable and the overall value of the property will be anywhere between Rs. 38 and Rs. 40 lakh.

Please provide valuation for a three-bedroom apartment of 1,510 sft, which includes common area, on the third floor, located in Vaishali Nagar, Madeenaguda. The undivided share of land is close to 60 sq yards and the property includes other amenities including car parking area, marble flooring and extensive wood work including a modular kitchen. The building was constructed in 2009.

B. Surya Prakasa Rao

Thanks to the development of Madhapur, Gachibowli as IT hub, the Madeenaguda, Hafeezpet and Chandanagar areas have witnessed a huge growth in terms of commercial and residential establishments and investments. The property rates have been increasing by the day in these regions. According to me, the cost of the said apartment would be Rs. 3,400 per sft and the overall value of the property will be between Rs. 49 and Rs. 51 lakh.

I have a recently constructed a super-deluxe three-bedroom flat near Saibaba temple in Sainikpuri high tension road, which is not occupied so far. There are ten other flats built in five floors. The flat area is 1900sft with undivided land share of 65 sq yrds with two sitouts and three bathrooms with decent fittings, lift and a car parking area. The flat is furnished with false ceiling and modular kitchen and cupboards. Can you please advise valuation of the flat

Padma S. Rajan

Since it is a new construction, the apartment complex will hold a lot of promise. The rate of the property would be around Rs. 3,500 per sft in this particular area. The facilities and other amenities too will play a vital role in deciding the rate of the property. The overall cost of the property would be around Rs. 65 and Rs. 66 lakh.

Please provide the valuation for a three-storied apartment on a plot of 400 sq yards at Kondapur, opposite of Capital IQ. The ground floor has two bedrooms in 1,050 sft, first floor has four bedrooms with 2,500 sft. The second floor with four bedrooms is spread over 2,500 sft. All other amenities are present.

Since the property is located in a prime area, it is obvious that the rate and valuation would be on the higher side.

According to me, the cost of the property would be between Rs. 3 crore and Rs. 3.2 crore depending on the market trend and movement. The land cost is close to Rs. 50,000 per sq yd approximately and construction cost would be close to Rs. 1 crore.

Construction city’ on 10,000 acres will be developed, says Naidu

 

Chief Minister N. Chandrababu Naidu unveiled a plan to develop a ‘construction city’ in 10,000 acres from where machinery, technologies, materials and trained manpower could be sourced.

It will be on the lines of the National Academy of Construction (NAC) situated in Hyderabad. The NAC has materials on display and contractors could hire machinery from the ‘equipment bank’ there. Besides, trained workers are available.

“The idea is to create a similar facility in A.P. Some Chinese entrepreneurs evinced interest in developing the facility. I am looking forward to the cooperation of Confederation of Real Estate Developers’ Association of India (CREDAI) for promoting it and the construction / real estate sector,” he said.

Inaugurating the 3rd Property Show of CREDAI here on Friday, Mr. Chandrababu Naidu said the Hyderabad NAC and infrastructure available with it were the best in these parts of the world and such a facility was essential in A.P to boost the prospects of real estate sector.

“My endeavour is to adopt the latest technologies and best practices in the construction sector. Development of the capital city – Amaravati – was an excellent opportunity for builders, architects and other stakeholders to grow big.

They should have credibility for that and not think of making temporary gains.

Mr. Naidu said construction sector makes a significant contribution to Gross State Domestic Product and that due emphasis was laid on urbanisation by the Central and the State governments. As the urban areas grow the demand for new buildings rises and with it goes up the need for specialists in areas like furnishing and fittings.

These opportunities should be tapped. These are the days of prefabricated structures which can be erected in a few months or even days but quality cannot be compromised, he observed.

The Chief Minister said government’s concentration was on developing cities and towns into liveable/smart places. Focus was on transforming Visakhapatnam (City of Beaches and Hills), Vijayawada (City of Canals) and Tirupati (City of Seven Hills and Lakes) into world-class cities.

Mr. Naidu said the Visakhapatnam-Chennai and Chennai-Bangalore Industrial Corridors were a boon for A.P which was in need of investments for upgrading the all – important infrastructure.

Visakhapatnam and Yerpedu (Chittoor) were poised for speedy developments as ‘nodes’ in the VCIC and Krishnapatnam in the CBIC. “My aim is to develop each district headquarters into a smart town and a growth centre”, he added.

Irrigation Minister Devineni Umamaheswara Rao, District Collector Babu A., CREDAI President (A.P) A. Siva Reddy, Vijayawada Chapter President Ch. Sudhakar and Secretary R.V. Swamy were among those present.

Hyderabad most affordable for buying, renting a house: Report

 

Notwithstanding the cut in repo rates by the Reserve Bank of India making home loans cheaper, Mumbai continues to remain the most expensive city in India for both buying and renting a house, while Hyderabad is still the most affordable market across the top eight cities, according to a research report by full service robo adviser ArthaYantra.

Though the real estate market in Mumbai has had an upward trend, it is still beyond the reach of a middle-income household. Even someone with an annual income of Rs.25 lakh would not be able to buy a residential property, making it most suitable for renting a house, said the Buy Vs. Rent Report 2016.

For the research, data was captured from multiple sources, including National Housing Board (NHB) of India, available real estate reports and major real estate aggregators for eight cities—Ahmedabad, Bengaluru, Chennai, Delhi-NCR (National Capital Region), Hyderabad, Kolkata, Mumbai and Pune.

According to the NHB’s Residential Index (NHB Residex), which tracks the movement of prices in the residential housing segment across India, Chennai remains unchanged with steepest rise in the index value by 264% from the base year (2007) and a 19.74% increase in index value over the past four years (from 2012). Pune comes next with a rise in index value by 151% since 2007 and a 38.67% increase since 2012.

 

Click here for enlarge

On the other hand, Hyderabad has seen de-growth in real estate prices by 3% since the base year 2007. Mumbai occupies the third position in real estate growth rate with index value rising 138% from the base year (2007).

Cities like Ahmedabad, Kolkata, Delhi and Bengaluru have seen a positive trend in real estate growth with rise in the index values by 115%, 112%, 90% and 15%, respectively, from the base year.

Mumbai (where average cost of buying a 1,000-sq. ft house is Rs.1.91 crore), Delhi-NCR (Rs.1.18 crore) and Chennai (Rs.75.6 lakh) have been expensive cities for buying, while rentals here have undergone only a marginal change in the past two years. Rising inventory levels in these cities indicate that supply is available, but it is unaffordable to many. So, people rent instead of buying.

In Bengaluru, inventory levels remained the same, but given that people prefer to rent than buy, rental values over the past four years have increased.

In Hyderabad and Ahmedabad, both property prices and rental values haven’t undergone any significant change in two years. Ahmedabad has, in fact, seen a negative growth in property rents since 2012, thus placing it high on the affordability-to-rent scale. Hyderabad has seen a fair increase in rental values despite a drop in property prices, which makes it affordable for buy a property in.

Cities such as Mumbai and Delhi-NCR stand to be very expensive both in terms of buying and renting a property, a trend that has been consistent year-on-year. Chennai continues to be at the sixth position like last year in the affordability-to-buy (ATB) ranking, while there is step-up in the affordability-to-rent (ATR) ranking from fifth to fourth position making it better placed for renting. Pune, over the past four years, has come down in its ranking due to a constant increase in property prices while it retains the thrid position for ATR ranking.

The current economic scenario, along with the ongoing trends in the realty market make the buy-versus-rent decision more complex for individuals. Among the top eight cities researched for this report, Mumbai and Delhi-NCR clearly stand out as places where buying a home has gone beyond the reach of many individuals

Hyderabad emerges as one of the most promising real estate markets in 2015

 

Hyderabad: In its endeavor to enhance the overall property-buying experience for the new home buyers and to offer a one-stop solution for all their property-related queries,CommonFloor.com, the leading real estate platform unveiled their Annual Real Estate Reportfor Hyderabad giving an overall perspective about the real estate sector in the city.

With the political uncertainty clearing around Hyderabad post the bifurcation of the state, the city has emerged as one of the most promising real estate markets in the country in 2015. Attractive prices and buoyant office space activity has boosted the realty prospects of Hyderabad. Backed mainly by the IT/ITeS sectors, major real estate activity was seen in the western parts of the city.

CommonFloor has done an in-depth analysis of the city and captured some of the highlights witnessed in the real estate industry in Hyderabad. The report showcases the updates in terms of the infrastructure, regulations and policies, affordability, rental demand etc.

Infrastructure updates:
o Greater Hyderabad Municipal Corporation (GHMC) has prepared Strategic Road Development Program (SRDP) to ease traffic congestion at a cost of INR 2,700- 2,800 crore and has identified 10 roads for development on priority basis

o Telangana government is proposing to set up three more Aerospace and Defence parks on the outskirts of the city over the next four years with an investment of INR 2,500 crore and will shortly unveil a sector-specific policy

o Centre cleared INR 416 crore for 12 cities in Telangana under AMRUT in order to improve basic infrastructure
Regulations& Policies introduced:

o State government unveiled an industrial policy to provide hassle-free and time-bound approvals for business proposals in a bid to attract more investors and make it easier for companies to operate in Telangana

o Telangana government plans to frame legislation to facilitate the growth of the real estate and construction sectors. It includes the ease of doing business, faster clearances and bringing about transparency in the processes

o The Telangana government has revised the lease and rental policy of the lands allotted to government departments as well as private individuals and organizations for various purposes

Major deals signed in 2015:

o Google to set up its first campus in Asia at Hyderabad, its biggest outside the US, at an investment of INR 1,000 crore

o Indian mobile phones maker Celkon Mobiles to invest INR 250 crore in its manufacturing facilities in Telangana and Andhra Pradesh over next six months

o Uber has taken up 150,000 sq. ft. space on lease in Hyderabad as part of a massive expansion drive in India. The leased space will be used as a back office and technology centre

As per CommonFloor Real Insights, Hyderabad witnessed about 50 per cent new apartment launches in 2015 as against 38 per cent in 2014.

While Kondapur, Gachibowli, Kukatpally, HITECH City and Nizampet are well-established markets, APPA Junction, Manikonda, Bachupally and Nanakramguda are emerging markets.The average launch price of properties in the top 10 markets is anywhere between INR 2,200 to 4,800 per sq. ft. Considering the infrastructure facilities and the development prospects available in these markets, the launch prices are relatively lower than other metros across the country.

Out of the total supply of units in all categories, villas and row houses saw nearly 14 per cent new launches in 2015. Considering other metros, Hyderabad saw maximum launches in this category.Considering the future prospects and the prevailing affordable prices, plots and layouts witnessed a whopping 37 per cent new supply in 2015. The average price per sq. ft. was below INR 1,000 for the top 10 localities.

Interestingly, the operational Outer Ring Road has opened new realty markets in Hyderabad, which in turn has led to high demand for plots and layouts in and around this major road. In terms of market affordability (i.e. maximum per cent of projects launched in the affordable segment), Nizampet emerged as the showstopper in the city.

As per CommonFloor Real Insights, Hyderabad saw almost equal mix of project launches in all categories including affordable (INR 70 lakh) segments. Interestingly, the average area of properties was seen to be relatively higher in comparison to other metros. It ranged between 850 sq. ft. to 1,600 sq.ft.

The report further identifies the top markets from both buyers’ and sellers’ perspective based on parameters like price change, average number of days in market, availability of properties in all segments, among others. The top sellers’ markets are established ones with limited land availability and high property values.
In contrast to sellers’ markets, the top buyers’ markets have multiple property options in same as well as in different segments. Jubilee Hills and Banjara Hills are upscale markets while Secunderabad and Malakpet are saturated residential markets with very limited scope for further development.

About CommonFloor.com:

Launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor.com, is India’s leading real estate platform that combines property search, apartment management and vendor management and caters to a person’s complete residential requirements.

From searching for an apartment to facilitating interactions within an apartment community on the ‘CommonFloor’ platform, to connecting one to relevant service providers, the platform is dedicated to meeting all aspects of consumers’ needs around their home. With over 5 lakh active property listings from over 200 cities, it has over 1 lakh residential projects listed with it. CommonFloor.com has been funded by Accel Partners, Tiger Global and Google Capital.

To know more about CommonFloor.com, please visit: http://www.commonfloor.com

Disclaimer: The information provided in this Website is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps including CommonFloor’s proprietary data resources, and from the inputs of unidentified individuals. It ought to be considered as a guideline and not as absolutely certain. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is absolute property of CommonFloor /maxHeap Technologies Private Limited. It should not be reproduced in any form, in part or whole, without prior written permission of CommonFloor. The information is provided on an “as is” and “as available” basis. CommonFloor expressly disclaim warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.

Incor to buy Israeli partners stake in Hyderabad project

 

 

Hyderabad-based builder Incor Infrastructure is buying out its Israeli partners Property and Building Corporation and Electra Real Estate from the 25-acre PBEL City township in the city for $34 million (about Rs 225 crore). 

Of the total deal value, $11 million (about Rs 73 crore) will come from the non-banking finance company of Canadian asset management firm Brookfield, two people with knowledge of the development said. 

The two Israeli investors hold 45% stake each in the PBEL City township in Hyderabad and Incor Infrastructure holds the rest in the project, which is part of the joint venture firm PBEL Property Development (India) formed by the three companies in 2008 to invest in India's real estate market. An email sent to Incor and Meir Boukris, a director in PBEL Property Development (India) did not elicit any response. A spokesman for Brookfield said, "Brookfield's corporate we have no comments on the transaction mentioned below." Last year, Israeli billionaire Mordechai Zisser-owned Elbit Imaging had sold its 1 million sq ft Plaza Centre Mall in Pune to Bengaluru-based builder Nitesh Estates Rs 250 crore. 

Several Israeli real estate firms had entered India during the peak years 2005-2008. These included the likes of Meshulam Levinstein Contracting, which invested in three projects here and Hodu Ventures, which is a part of Gindi Holdings Group from Israel 

 

Apart from the Hyderabad project, the JV includes a mixed use township in Chennai's OMR area where the company has a 42-acre plot and another one in Mysore spread over 10 acres, though the current deal is only for the Hyderabad project. In 2008, the company had put in Rs 500 crore to acquire these parcels of land. The Hyderabad project, which is located in the Appa Junction area of the city, between Hitec City and the airport, was originally planned to have about 3,000 apartments in 13 towers 

 

PBEL started construction of the project in 2009 with L&T as its construction partner. Of this, the company has so far completed four towers which are sold out. There are three towers which are currently in different stages of construction and where about 25% of the inventory has been sold so far. 

Another six towers are still to be made. One of the persons cited earlier said Incor will pay $15 million now to buy the unsold inventory in the under-construction part of the project and will pay the rest over the next three years as new towers get launched every six months. 

 

At that time, new projects launched dried up and sentiments among both buyers and builders were low. Since the resolution of the problem with the formation of Telangana state, there has been a huge improvement. "Hyderabad has seen an increase of 67% in apartment sales between October 2014 and September 2015 compared to the same period a year ago," said Trivita Roy, associate director research and REIS at property advisory firm JLL India. During this period, new players such as Puravankara also e .. 

Last year, Brookfield and Incor had come together to jointly develop a land parcel that the former owns in Kukatpally area of Hyderabad. 

The land parcel is valued at over Rs 300 crore and Incor will invest Rs 700 crore to develop the mixed use project.

Hyderabad has strong ties with Marathi language: Jakhade

the vibrancy of the Marathi literary scene is only growing by the day- at least that seems to be the verdict of a sizeable number of authors and poets from Maharashtra, in the city for the Hyderabad Literary Festival (HLF), which had Marathi as the language in focus, this year.

"There are a little over 150 publishing houses spread across Maharashtra and the literary scene is undergoing a transformation with many authors willing to experiment with various themes and forms", said award-winning Marathi author Arun Jakhade.

Jakhade's claims were supported by a few Marathi poets, who asserted that the Marathi readership is presently, more welcoming of new forms and styles of poetry.

"When I initially started writing poems, I faced severe criticism for using a few English and Hindi words in my works. People accused me of undermining the purity of Marathi while all I tried to do was make the verses more informal so that people could relate to it. However, over time, many have begun to accept this new form of poetry and the number of poets has also witnessed a boom in recent times," said Hemant Divate, a Mumbai-based poet, editor and translator.

The Marathi readership too, according to the Marathi writers, is nowhere close to dwindling.

"Marathi literature is still in demand, both in Maharashtra and other states where there is a strong Marathi presence. One of these places is Hyderabad", explained Jakhade.

While reiterating the tales of strong ties between Maharashtra and the erstwhile princely state of Hyderabad, under the Nizams' rule, which included large parts of present-day Maharashtra and Karnataka, the Marathi delegates pointed out how the 'Dakhini Urdu' spoken by many in Hyderabad is strongly influenced by Marathi.

"Marathi, Urdu and Telugu are all closely linked. In addition to Hyderabad having a strong Marathi presence, the Urdu spoken in Hyderabad is heavily influenced by Marathi and in the Marathi spoken in a few districts in Maharashtra, Nanded in particular, there is a notable influence of Telugu," said Jakhade, who is also the editor of the Maharashtra edition of PLSI (People's Linguistic Survey of India), which was published in 2013.

According to the independent survey conducted by PLSI, which engaged more than 700 scholars and language professors on field duty over a period of four years, Maharashtra was found to be home to the third-highest number of indigenous languages in the country. The last effort to map the linguistic diversity of India was carried out over a century ago by Irishman George Grierson.

Srisailam Highway, Hyderabad: An ideal location for long-term investment

 

 

After a prolonged slump due to the global recession followed by political turmoil, Hyderabad's realty market is once again set for an upswing. Hyderabad, with its buoyant and thriving economy and a dynamic workforce, is once again a favourable buyer's market. The thriving IT/ITeS industry has given impetus to consumer trends, which is evident from the growing demand for residential, commercial and retail spaces in Hyderabad.

When compared to the other metros, housing in Hyderabad is relatively affordable. Property prices here are almost 60 per cent of those of Bengaluru and Chennai. Due to political uncertainty, land prices in Hyderabad have remained stable. However, with political stability and creation of a new state of Telangana, Hyderabad can now expect large investments in its property market in the near future.

Srisailam Highway, located in the southern part of Hyderabad, is bustling with real estate activity. New projects around this road are expected to firm up further in about a year.

Srisailam Highway benefits from its close proximity to the Rajiv Gandhi International Airport. The area houses several developing regions such as Barkas, Venkatapuram and Tukkuguda. Being situated close to the TCS special economic zone (SEZ) at Adibatla, Srisailam Highway has a superb advantage. The TCS SEZ has become a prominent destination for Hyderabad's thriving software industry, has a significant impact on the real estate profile of the region and has helped boost demand for residential apartments in the region.

On the social infrastructure front, Srisailam Highway is well supplied with entertainment avenues, and the general and physical infrastructure of the region is adequate. ZAK International School of Excellence, VIP's International School, Huda High School, Al-Qurmoshi Institute of Business Management and Pragati School of Nursing are a few renowned educational institutions dotting this highway. The presence of healthcare facilities such as Life Line Hospital, Al Madina General Hospital and Composite Hospital also add to the value of this well-defined residential catchment.

With a number of SEZs planned along Srisailam Highway, the locality is developing at a very fast pace. Already, many developers have launched a wide spectrum of quality projects catering primarily to the middle-income segment. The area is witnessing a strong real estate activity, and there is appreciable demand in store in the years to come.

Srisailam Highway is a perfect destination for long-term investment, and is perfect for those who are looking to invest in plot or built-up property at relatively affordable price points.

Ranga Reddy and Medak districts fight as water levels dip in Telangana

 

Hyderabad: With groundwater levels dipping, water wars have started between Ranga Reddy and Medak districts. 

 

Nizampet, a gram panchayat under Quthbullapur mandal in Ranga Reddy district, started attracting people around eight-10 years ago for the cheap houses it had on offer and now has around 200 apartments many of which occupied by IT employees. However, even though the number of residents rose exponentially in Nizampet in the past few years, getting water connections has proven a distant dream for residents, forcing them to depend entirely on water provided by illegal water tanker units which extract groundwater, mostly from Patancheru in Medak district.

 

As groundwater levels have taken a serious dip in Medak, residents from the district have been pressurising the district authorities to crackdown on illegal water tanker units. 

 

In the past few days, due to seizure of illegally sunk borewells in Patancheru by district officials, water tanker operators have halted operations, affecting Nizampet residents. The residents, in turn, conducted a rasta roko on Saturday, demanding a resolution of their water woes. 

 

The protest by residents exposed the extent of the business of illegal water tanker units in this region. It also exposed the ignorance of government departments in ensuring basic amenities to citizens. As Nizampet is a gram panchayat, the Rural Water Supply (RWS) department should establish water connections. However, due to the large size of Nizampet “village” RWS did not take up the work