Tag Archive for 'orr'

01
Aug

Hyderabad : A Real [ estate ] Update

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 ?




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