In Hyderabad

Excellent article and photo presentation by exclventures.com [ one of the top hyderabad real estate web sites]. Excellent work and documented proofs by pramod kiron.. An excerpt of his full report is below..

We found that with just few months away to 2008 March, even construction team can not travel from APPA to Shamshabad!!. (This is a 10KM stretch and the workers or engineers can not move from one end, to the other. That summs up the situation!) Miles of hillocks are yet to be cut and there is no ACCESS, at all! We were able to move from Guchibowli upto APPA and then for another 2 Km, by bike, through the mud tracks used by trucks. That is all. It gets stuck there with a huge virgin hill, looking down and making a pass! We rock climbed and reached the top. What we saw was heart breaking! Unending rough terrain, yet to be touched.

Road building can never be done overnight. It’s a very lengthy process. The road width has to be excavated deep and all soil removed. It has to be replaced with red earth, layer by layer. Each layer has to be rolled and cured. The surface preparation with broken granite also happens layer by layer. There is no short cut at all. Let alone flyovers, culverts, underpasses, even plane road will not be seen in several stretches, by 2008 March.

Read the full report here

1. Hyderabadi socialites, particularly ladies seem to be investing heavily in land.. Per deccan lifestyle supplement..

Many of the richie rich Reddy ladies are investing heavily in lands on the outskirts of the city. The richer ones have bought plots in and around Jubilee Hills. Since most of them are blessed with successful husbands, they hang on to great pieces of land and say that they will either gift them to their kids when they grow up, or sell for a fancy price. During match making, the talk is “so-and-so has lands worth Rs 20 crores!” And for all you know it’s a plot or two near Shamshabad. Another place where they are buying land like crazy i s Madurai because news is the land prices haven’t escalated there. “

2.  Huda decided to promote planned growth and curb haphazard development along the ORR. So it decided not to allow constructions in plots which are less then 1,200 square meters and will give permissions for the development of layout only if the land is more than 15 acres.  Per DC, land owners of small plots are selling them for whatever they can get.

Realtors have now moved into the area smelling blood and are buying up small plots from farmers at lower prices. For instance, the price of land was Rs 10,000 per square yard in Rajendra Nagar mandal earlier, but it has fallen to Rs 3,000 after Huda unveiled its plans for the growth corridor.

3. DLF is planning to invest 5000 crores in AP particularly in Hyderabad, Vijayawada and Vishakapatnam. They plan to setup 2 special economic zones, 2 destination malls and 3 city malls in Hyderabad. Expected development area of 4.5 million square feet along with multiple ventures in tier-2 cities like Vijayawada and Visakapatnam.