Infosys is moving to Warangal Highway… Times of India Reports..
After a prolonged controversy over the location for setting up its largest campus in the country in Hyderabad, the IT bellwether Infosys has finally decided to set up two special economic zones instead of a single campus. nfosys has been allotted about 450 acres in Pocharam by the Andhra Pradesh Industrial Infrastructure Corporation recently for setting up of a facility. In fact, the IT major had entered into an agreement with the state government for taking its largest campus plans forward in March 2006.
ORR Phase 2 In trouble ? With ORR phase 1 being where it is, I didnt expect Times of India to remind us about the delays in Phase 2.. but anyway, they reported and here it goes..
The second phase of Outer Ring Road project is likely to get delayed as the Hyderabad Urban Development Authority is facing hitches in acquiring land for the project. The phase-II A work, which was supposed to begin from August 15, is not likely to begin at least till this October. The 62-km phase-II A of ORR will extend from Narsingi to Patancheru, and from Shamshabad to Pedda Amberpet.
Of the total 2,050 acres of land required for the project from Narsingi to Patancheru and Shamshabad to Pedda Amberpet, Huda could acquire only 1,350 acres. About 250 acres of land is caught in legal wrangles since farmers have managed to get a stay order from the court. Though some of them have agreed to give away the land, the acquisition procedures are yet to be completed.
Lanco Hills may not be all it was hyped up to be.. Their marketing hype seem to have generated a huge interest in this project. Buyers were quick to realize that lanco was using the same old trick every other developer used so far.. “Release 10% of your total inventory and claim a successful launch when the 100 people give you a check for 2 Lacs each.. ” Cmon, we know what state those buildings are in today..
Want to buy a park from Huda ?.. Its possible in Hyderabad and particularly if its owned by Huda.. recent reports in Hindu and Eenadu indicate that Huda has gotten so desperate that its now trying to sell open green spaces in hot neighborhoods. What next KBR Park for a Resort ?
US Consulate : Finally after 2 years of announcing the possibility of a US consulate plan for Hyderabad, AP Government and US Officials signed a formal agreement that would make it work.
The Andhra Pradesh government and US authorities on Tuesday signed a lease agreement paving the way for establishing here the fourth American consulate in India. The agreement for leasing the Paigah Palace, a heritage building, for the consulate was signed by officials from the two sides in the presence of Chief Minister YS Rajasekhara Reddy and US ambassador to India David C Mulford. Mulford told newsmen that the consulate would start functioning from the temporary facility “sometime in late 2008″ and a permanent facility would come up by 2011 on land offered by the state government.
Online Tax Filing : Good news for the non resident indians and locals who want to save time and self file their taxes. Tax Yantra was launched this week to provide Online tax filing services for locals as well as NRI’s. I signed up and took a test drive and am impressed at the usability of the site. BTW, they let you to sign up for free, try their service and then finally pay only when you want to file.. similar to the turbo tax model.. Try it out at http://www.taxyantra.com/
The web-based solution created by TaxYantra enables the tax payer to understand taxes and fill the tax return forms online. The print outs of these forms will be picked up representatives of the company and filed with the Income Tax department. The company would charge for its service… According to their survey, individual income tax assessees spend, on an average, five hours on filing returns by way of meeting HR personnel, consultants and waiting in queue at the Income Tax office.
Lanco Hills, the proposed tallest residential tower in the world has finally opened for bookings. If you are anywhere near Hitec city, you will not miss their ads. Ads indicate it will house an IT Park, Mall, Residential and commercial establishments.. News indicates that its just waiting for some sort of aviation clearance, but I am not sure how the fire department cleared such a structure for Hyderabad.Reliable sources indicate that bookings are happening between 3250/sq ft to 4250/sq ft. Negotiate.. nothing wrong with that…This could also be a gimmick by Lanco to get the press before they spin off and go IPO on their realestate wing.
Technorati : Finance, Hyderabad, Real Estate, Tax Filing
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