The Hindu : Property Plus Hyderabad : The papers that matter
Building a house is a dream that could turn into a nightmare much before you savour the wonderful experience of living in it. That is if you are not well versed with the paper work that goes with it.
Since there is no single agency or single window for taking the necessary permissions, there is invariably some running to do around different Government offices that could well test your patience and resolve. So cumbersome are procedures and the red tape involved is really long.
13 sets of documents
Let us look at the example of the Municipal Corporation of Hyderabad and what it takes to obtain a building permission from it. There are 13 different sets of papers required before you can think of starting construction. For houses to be constructed in an area below 100 sq. yards, no permission is required in an approved layout though the plan details have to be filed.
For constructions below 10 metres in height and below 1,000 sq.m, all permissions have to be obtained at the respective MCH circle office. For multi-storied complexes, apartments and others with more than 10 mts height and above 1,000 sq.mts, the applications have to be filed at the head office.
Tax receipts
While applying for permission, you have to ensure that you are ready with your property tax receipts. It is only then that other factors come into play. Next, obtain `no objection certificate' (NOC) from the mandal revenue officer concerned in lieu of the town survey record certificate. Building plan applications should be signed by the owner, architect and the engineer.
Then, there are declaration forms signed by the owner and attested by a gazetted officer, the licence copy of the architect or engineer involved in the work, an Urban Land Ceiling Act affidavit for constructions below 1,000 sq.mts, two sets of ownership documents attested by a gazetted officer and property linked documents attested by a gazetted officer.
A non-judicial stamp paper of Rs. 20, undertaking Rs. 100 non-judicial stamp paper duly stating whether the construction is taken up by the owner and of course, building plans signed by the owner, architect and the structural engineer are necessary.
Another joint undertaking on Rs. 100 non-judicial stamp paper promising not to stock building materials on road margins, not to enclose balconies, usage of parking, payment of special payment charges, not to increase number of units and special sanitation charges is also need. There are a slew of fees to be paid like development charges, betterment charges for unapproved layouts, permit fees as per category - residential or commercial, etc.
NOC and clearance
For multi-storied buildings and constructions above 10 mts of height, other permissions have to be taken and 10 more sets of documents to be filed. These include no objection certificate from the Joint Collector, land use certificate from Hyderabad Urban Development Authority (HUDA), feasibility certificate from Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) and NOC from Airport Authority of India, if applicable.
Certificates of urban land clearance, structural stability, soil testing report; structural drawings, etc should also be filed. Even if an existing old property is to be demolished and re-constructed or any modifications are to be done different from the previously sanctioned plan, fresh applications have to be made, according to P.A.S.M. Laxman Rao, City Planner.
Once the plans are submitted, the supervisor concerned in case of the circle office will visit the site within a couple of days followed by a committee consisting of the Zonal Additional Commissioner, Deputy Municipal Commissioner and the Assistant City Planner.
In the head office, for high rises, there is a separate building committee consisting of Chief City Planner, Director of Town Planning, Institute of Architects association representative, Chief Engineers of HUDA & MCH and others. Going by rules, permissions have to be given in 15 days at the respective circle offices and within 45 days at head office.
Yet, it is common knowledge that it can take much more time than that. If officials at the circle level are invariably super busy to complete the inspection and clearance tasks, at the head office, no one is sure when the high rise building panel meets as its meetings have been more often than now irregular.
While there were plans to make the citizen charter effective and deemed permissions are supposedly the norm, it is not that simple to take up constructions without the official stamp of MCH. All the pain, of course, appears worth the effort when there is an elation of moving into the own house.
"All the procedures sure does cause much stress and strain not to speak of putting a big hole in the pocket. Therefore, the feeling on getting the final nod is akin to a student getting a visa for United States or getting a daughter's marriage fixed," is the pithy comment of an architect, well versed with the municipal ways.
Friday, March 24, 2006
Monday, March 13, 2006
Housing Finance
HYDonline - Housing Finance
There are a variety of home loans available in India, some offered by various financial institutions like Banks and Housing Finance Companies. They are:-
1) Home Purchase or apartment purchase Loans: This is the basic home loan for the purchase of a new home.
2) Existing Home Improvement Loans: These loans are given for implementing repair works and renovations in a home that has already been purchased by you.
3) Home Construction Loans: This loan is available for the construction of a new home.
4) Home Extension Loans: Is given for expanding or extending an existing home. For example addition of an extra room, etc.
5) Home Conversion Loans: Is available for those who have financed the present home with a Home Loan and wish to purchase and move to another home for which some extra funds are required. Through a Home Conversion Loan, the existing loan is transferred to the new home including the extra amount required, eliminating the need for pre-payment of the
previous loan.
6) Land Purchase Loans: This loan is available for purchase of land for both home construction or investment purposes.
7) Loans to NRIs: This loan is tailored for the requirements of NRIs wishing to build or buy a home in India.
Eligibility For a Home Loan
To qualify for a home loan most lending institutions in India require you to be:
An Indian resident
Above 21 years of age at the commencement of the loan
Below 65 when the loan matures
Either salaried or self employed
Nationalized banks offer loans to NRIs also.
The standard norms for acquiring a home loan
Securities required: In most cases the property to be purchased itself becomes the security and is mortgaged to the lending institution till the entire loan is repaid. Some institutions may ask for additional security such as life insurance policies, FD receipts, share or savings certificates.
Guarantors: Some institutions ask for 1 or 2 guarantors, others require no guarantors at all. Applying for loan: Loans may be applied for before or after selection of property. The loan amounts are sanctioned in principle to let buyers know what amounts they can avail of. This helps them decide their budgets and purchasing power. Actual disbursements are made after satisfactory verification of all necessary documents and completion of specific procedures.
Documents required at the time of application
Latest salary slip (proof of income for salaried individuals)
Photographs
Proof of age
Identity papers
Proof of residence
Bank statements for the previous six months
For self employed, certified copies of balance sheet, profit and loss statement and tax challans for the previous 3 years
For partnership/private limited companies, the Articles of Association, partnership deed and details about the firm loan limit
Usually most companies give upto a maximum of 85% of the cost of the house. The other 15% sometimes called 'seed money' will have to be provided by a loan applicant. Out of the 85% the amount the applicant is eligible for, is decided by the age, income, no. of
dependents, monthly outgo and repayment capacity. This varies from case to case.
Rate of Interest:
Interest rates are different from institution to institution and generally range from about 12.5% to around 16%. The interest on home loans in India is usually calculated either on monthly reducing or yearly reducing balance.
Monthly reducing:
In this system the principal on which you pay interest reduces every month as you pay your EMI.
Annual reducing
In this system the principal is reduced at the end of the year, thus you continue to pay interest on a certain portion of the principal which you have actually paid back to the lender. Which means the EMI for the monthly reducing system is effectively lesser than the second system of calculating interest.
Loan amounts vary from institution to institution and usually range from Rs.1 lakh to 1 crore. Repayment period options range generally from 5 to 15 years.
There are a variety of home loans available in India, some offered by various financial institutions like Banks and Housing Finance Companies. They are:-
1) Home Purchase or apartment purchase Loans: This is the basic home loan for the purchase of a new home.
2) Existing Home Improvement Loans: These loans are given for implementing repair works and renovations in a home that has already been purchased by you.
3) Home Construction Loans: This loan is available for the construction of a new home.
4) Home Extension Loans: Is given for expanding or extending an existing home. For example addition of an extra room, etc.
5) Home Conversion Loans: Is available for those who have financed the present home with a Home Loan and wish to purchase and move to another home for which some extra funds are required. Through a Home Conversion Loan, the existing loan is transferred to the new home including the extra amount required, eliminating the need for pre-payment of the
previous loan.
6) Land Purchase Loans: This loan is available for purchase of land for both home construction or investment purposes.
7) Loans to NRIs: This loan is tailored for the requirements of NRIs wishing to build or buy a home in India.
Eligibility For a Home Loan
To qualify for a home loan most lending institutions in India require you to be:
An Indian resident
Above 21 years of age at the commencement of the loan
Below 65 when the loan matures
Either salaried or self employed
Nationalized banks offer loans to NRIs also.
The standard norms for acquiring a home loan
Securities required: In most cases the property to be purchased itself becomes the security and is mortgaged to the lending institution till the entire loan is repaid. Some institutions may ask for additional security such as life insurance policies, FD receipts, share or savings certificates.
Guarantors: Some institutions ask for 1 or 2 guarantors, others require no guarantors at all. Applying for loan: Loans may be applied for before or after selection of property. The loan amounts are sanctioned in principle to let buyers know what amounts they can avail of. This helps them decide their budgets and purchasing power. Actual disbursements are made after satisfactory verification of all necessary documents and completion of specific procedures.
Documents required at the time of application
Latest salary slip (proof of income for salaried individuals)
Photographs
Proof of age
Identity papers
Proof of residence
Bank statements for the previous six months
For self employed, certified copies of balance sheet, profit and loss statement and tax challans for the previous 3 years
For partnership/private limited companies, the Articles of Association, partnership deed and details about the firm loan limit
Usually most companies give upto a maximum of 85% of the cost of the house. The other 15% sometimes called 'seed money' will have to be provided by a loan applicant. Out of the 85% the amount the applicant is eligible for, is decided by the age, income, no. of
dependents, monthly outgo and repayment capacity. This varies from case to case.
Rate of Interest:
Interest rates are different from institution to institution and generally range from about 12.5% to around 16%. The interest on home loans in India is usually calculated either on monthly reducing or yearly reducing balance.
Monthly reducing:
In this system the principal on which you pay interest reduces every month as you pay your EMI.
Annual reducing
In this system the principal is reduced at the end of the year, thus you continue to pay interest on a certain portion of the principal which you have actually paid back to the lender. Which means the EMI for the monthly reducing system is effectively lesser than the second system of calculating interest.
Loan amounts vary from institution to institution and usually range from Rs.1 lakh to 1 crore. Repayment period options range generally from 5 to 15 years.
Right steps for a safe and unhindered Purchase of Property
Purchasing Property
Right steps for a safe and unhindered Purchase of PropertyCall for the documents of title and link documents of the Vendor of the Property and verify the same with your legal advisorThe Encumbrance Certificates for a minimum period of 30 years needs to be verified to find out if there are any existing encumbrance over the Property. This can be acquired in the concerned sub-registrar office.The buyer should ask the vendor for the original Sale deed, Partition Deed, Settlement Deed, Power of Attorney deeds, to rule out existence of any prior mortgage by way of deposit of title documents, all the Original documents of title may be verified legally to ensure that the property is in the possession of the Vendor himself. Check whether a clearance from the Income Tax Department under Section 230-A or 269 - UC is required to be obtained as the case may be.Latest Property Tax, Water Tax and Electricity payments receipts / Kist receipts / Patta / Extract from the permanent Land Register/Urban land Tax Receipt to be verified to ensure that the Property stands in the name of the Vendor.In case of Devolution of title to the Property under a Will necessary precautions as to whether the Will is registered / probated etc to be ascertained and similarly if there is any Minor's interest is involved, it is necessary to take suitable precautions so as to create a valid title to the Property.Check whether there is any prejudicial/negative covenants in the Sale deed of the Vendor, to affect the title to the Property.To check whether the building plan has the due approval of the Municipal corporation /gram Panchayat/Civic Authority and to insist for completion certificate from the Builder/ Developer so as to ensure that there is no deviation in the approved plan.Power of Attorney document, Death Certificate, Legal Heirship Certificate if any concerning the title to the Property may be verified with the Original for authenticity.Agreement of sale and deed of sale are to be properly worded with suitable clauses to take care of situations such as default, delivery of vacant possession, payment of Stamp Duty / Registration charges, Compliance of statutory requirements, a clause on indemnity etc to be clearly mentioned. A very clear description of the Schedule of Property is to be emphasised for a good conveyance of the Property.Similarly while entering into an Agreement of Construction care should be taken to ensure that the builder/developer does not get any right to use/build on the open terrace and on other common areas which are to be enjoyed in common by all the occupants. In the case of a flat ,on completion of the building, all the occupants shall form an Association among themselves and all the parent documents of title shall be kept in joint custody.In case of Purchase of Flat the registration of the undivided share of the land which conveys the title to the Property in favour of the Purchaser is to be insisted upon.A Legal opinion on the marketability of the title to the Property is a must.
http://www.hydonline.com/business/realestate/rightpurchasing.htm
Right steps for a safe and unhindered Purchase of PropertyCall for the documents of title and link documents of the Vendor of the Property and verify the same with your legal advisorThe Encumbrance Certificates for a minimum period of 30 years needs to be verified to find out if there are any existing encumbrance over the Property. This can be acquired in the concerned sub-registrar office.The buyer should ask the vendor for the original Sale deed, Partition Deed, Settlement Deed, Power of Attorney deeds, to rule out existence of any prior mortgage by way of deposit of title documents, all the Original documents of title may be verified legally to ensure that the property is in the possession of the Vendor himself. Check whether a clearance from the Income Tax Department under Section 230-A or 269 - UC is required to be obtained as the case may be.Latest Property Tax, Water Tax and Electricity payments receipts / Kist receipts / Patta / Extract from the permanent Land Register/Urban land Tax Receipt to be verified to ensure that the Property stands in the name of the Vendor.In case of Devolution of title to the Property under a Will necessary precautions as to whether the Will is registered / probated etc to be ascertained and similarly if there is any Minor's interest is involved, it is necessary to take suitable precautions so as to create a valid title to the Property.Check whether there is any prejudicial/negative covenants in the Sale deed of the Vendor, to affect the title to the Property.To check whether the building plan has the due approval of the Municipal corporation /gram Panchayat/Civic Authority and to insist for completion certificate from the Builder/ Developer so as to ensure that there is no deviation in the approved plan.Power of Attorney document, Death Certificate, Legal Heirship Certificate if any concerning the title to the Property may be verified with the Original for authenticity.Agreement of sale and deed of sale are to be properly worded with suitable clauses to take care of situations such as default, delivery of vacant possession, payment of Stamp Duty / Registration charges, Compliance of statutory requirements, a clause on indemnity etc to be clearly mentioned. A very clear description of the Schedule of Property is to be emphasised for a good conveyance of the Property.Similarly while entering into an Agreement of Construction care should be taken to ensure that the builder/developer does not get any right to use/build on the open terrace and on other common areas which are to be enjoyed in common by all the occupants. In the case of a flat ,on completion of the building, all the occupants shall form an Association among themselves and all the parent documents of title shall be kept in joint custody.In case of Purchase of Flat the registration of the undivided share of the land which conveys the title to the Property in favour of the Purchaser is to be insisted upon.A Legal opinion on the marketability of the title to the Property is a must.
http://www.hydonline.com/business/realestate/rightpurchasing.htm
Thursday, March 09, 2006
some more real estate sites in hyderabad
http://www.hallmarkconstructions.com/
This site is good and contains the information about new ventures across various states and cities
http://www.indiaplot.com
http://www.manjeera.com/
http://www.padmashree.com/
http://www.radharealty.com/
http://www.raghavendraconstructions.com/
http://www.rcconstructions.com/
http://www.saisdreamcastles.com/
http://www.shreecon.com/
http://www.sribalajirealestates.com/
http://www.themeconstructions.com
http://www.vijethaconstructions.com
Hopefully the links might be useful to you :)
This site is good and contains the information about new ventures across various states and cities
http://www.indiaplot.com
http://www.manjeera.com/
http://www.padmashree.com/
http://www.radharealty.com/
http://www.raghavendraconstructions.com/
http://www.rcconstructions.com/
http://www.saisdreamcastles.com/
http://www.shreecon.com/
http://www.sribalajirealestates.com/
http://www.themeconstructions.com
http://www.vijethaconstructions.com
Hopefully the links might be useful to you :)
Monday, March 06, 2006
Famous Real estate sites in hyderabad
These are the list that I have currently which offer either plots or flats and so on
http://www.aparnaconstructions.com/
http://www.avchousing.com/about-us.html
http://www.bhaaratbuilders.com/project.htm
http://www.bvrprojects.com
http://www.dhatriconstructions.com/index.html
http://www.education.vsnl.com/nicmargr/companies.html
http://www.grand-ville.com/aboutus.htm
http://www.greaterhydvalley.com/
http://www.greencityelitehomes.com/
http://www.greenhome.cc/index.html
http://www.harsharealestates.com/
http://www.indiacatalog.com/web_directory/real_estate/2106.html
http://www.ivrprime.com/htmls/home.htm
http://www.janmabhoomihomes.com/
http://www.jayabherigroup.com/ourventures.htm
http://www.jayadarsini.com
http://www.lakshmirealtors.com/news_roads_hyd.htm
http://www.ltinfocity.com/residential/
http://www.lumbiniconstructions.com
http://www.manikyahomes.com/meadowsIndex.html
http://www.marutihousing.com/new/index.htm
http://www.muppahomes.com/home.html
http://www.nh7villas.com/
http://www.palm-meadows.com/
http://www.plotsflatshouses.com/index.html
http://www.radharealty.com/index.htm
http://www.rishijaideepestates.com
http://www.sainathbuilders.com
http://www.saketgroup.com/
http://www.sanali.com/sanali-lakeview.html
http://www.shantasriramgroup.com/
http://www.sphinxpagoda.com/
http://www.teluguproperties.com/
http://www.thesilvercoin.com/mouryaestates
http://www.vasudevarealtors.com/
http://www.venkatasaihomes.com/floor.htm
http://www.venkusaestates.com/index.htm
http://www.aparnaconstructions.com/
http://www.avchousing.com/about-us.html
http://www.bhaaratbuilders.com/project.htm
http://www.bvrprojects.com
http://www.dhatriconstructions.com/index.html
http://www.education.vsnl.com/nicmargr/companies.html
http://www.grand-ville.com/aboutus.htm
http://www.greaterhydvalley.com/
http://www.greencityelitehomes.com/
http://www.greenhome.cc/index.html
http://www.harsharealestates.com/
http://www.indiacatalog.com/web_directory/real_estate/2106.html
http://www.ivrprime.com/htmls/home.htm
http://www.janmabhoomihomes.com/
http://www.jayabherigroup.com/ourventures.htm
http://www.jayadarsini.com
http://www.lakshmirealtors.com/news_roads_hyd.htm
http://www.ltinfocity.com/residential/
http://www.lumbiniconstructions.com
http://www.manikyahomes.com/meadowsIndex.html
http://www.marutihousing.com/new/index.htm
http://www.muppahomes.com/home.html
http://www.nh7villas.com/
http://www.palm-meadows.com/
http://www.plotsflatshouses.com/index.html
http://www.radharealty.com/index.htm
http://www.rishijaideepestates.com
http://www.sainathbuilders.com
http://www.saketgroup.com/
http://www.sanali.com/sanali-lakeview.html
http://www.shantasriramgroup.com/
http://www.sphinxpagoda.com/
http://www.teluguproperties.com/
http://www.thesilvercoin.com/mouryaestates
http://www.vasudevarealtors.com/
http://www.venkatasaihomes.com/floor.htm
http://www.venkusaestates.com/index.htm
Why craze for hyderabad
The congestion in ‘A’ cities like Delhi, Mumbai, Bangalore and Chennai is driving interest in Hyderabad. Realty in the city is literally on fire with big-ticket deals and awards of acres and acres to attract mega projects. The reasons that are pushing Hyderabad realty to the next orbit are scope for expansion into satellite towns, cost advantage and linked infrastructure development.
The growing commercial office space segment of the real estate market in Hyderabad, driven primarily by the IT sector, is steadily moving towards new locations especially to erstwhile suburbs. While development of satellite pockets around the city seems to be the common thread linking all three metros down South, Hyderabad paints a unique picture in realty trends, attracting companies to set up base in the city like no other emerging metropolis.
The market for commercial space is expected to grow at a frenetic pace. The reason is that while prices in certain areas have matched average price levels in other metros, the average price in Hyderabad is still a good 30% lesser than the average price in Bangalore and about 10-11% lesser than those in Chennai, says Andhraproperties.com CEO P S Sudhakar. Rental prices in areas like Ameerpet are still as low as Rs 20 per sq.ft per month.
Some realtors in the city maintain that Hyderabad’s traditional cost advantage is waning due to the flow of IT and allied companies into the city, leading to rise in prices. Land and office space prices have more or less equalised across Bangalore, Chennai and Hyderabad when it comes to the central business district, and few other areas, says Shyam Chandan from Chesterton Meghraj, Hyderabad.
Rental prices for fairshell properties in the Central Business District that lies along the road from Jubilee Hills to Begumpet have risen by 25% in the last few months, touching Rs 28-29 per sq.ft per month. Rental costs in areas like Madhapur are in the range of Rs 37-39 for warmshells and Rs 28-29 for fairshells. “The sale price for a built facility is about Rs 3,000 per sq.ft, just about the same as in other cities in India, Indu Projects MD Syam Prasad Reddy.
Hyderabad, over the years, has continually managed to draw big names like Infosys and Microsoft to set up campuses in the city. And the state government’s ability to provide global companies large tracts of land at concessional rates is a major reason for these companies coming the city’s way. However, as a fallout of this, land prices around these campuses skyrocket. In fact, prices in areas like Gachibowli and Madhapur are expected to touch Mumbai levels in a few years, says Sudhakar
It then seems quite paradoxical then that market pundits continue to be bullish on Hyderabad’s ability to draw companies and developers alike, to invest in real estate in the city. The commercial office space market is expected to grow at a healthy rate for at least the next two-three years, says Reddy.
About 15 million square feet of developed office space is expected to enter the market over the next two years.The reasons for the buoyancy are many. For one, the influx on new property will make sure property prices don’t rise above the current level. Prices are expected to stabilise over the next few years, and either plateau at rates prevalent in cities or stay a touch lower, says Mr Chandan.
Also, Hyderabad’s low cost of living, excellent road infrastructure, the new international airport at Shamshadbad and the proposed metro rail corridor amongst others, have today come to become the differentiating factor for companies to choose Hyderabad over other cities as a destination for setting base. Smaller companies which do not get government patronage come to the city because the bigger companies are moving here and also because of Hyderabad’s other cost advantages, says Mr Reddy.
The growing commercial office space segment of the real estate market in Hyderabad, driven primarily by the IT sector, is steadily moving towards new locations especially to erstwhile suburbs. While development of satellite pockets around the city seems to be the common thread linking all three metros down South, Hyderabad paints a unique picture in realty trends, attracting companies to set up base in the city like no other emerging metropolis.
The market for commercial space is expected to grow at a frenetic pace. The reason is that while prices in certain areas have matched average price levels in other metros, the average price in Hyderabad is still a good 30% lesser than the average price in Bangalore and about 10-11% lesser than those in Chennai, says Andhraproperties.com CEO P S Sudhakar. Rental prices in areas like Ameerpet are still as low as Rs 20 per sq.ft per month.
Some realtors in the city maintain that Hyderabad’s traditional cost advantage is waning due to the flow of IT and allied companies into the city, leading to rise in prices. Land and office space prices have more or less equalised across Bangalore, Chennai and Hyderabad when it comes to the central business district, and few other areas, says Shyam Chandan from Chesterton Meghraj, Hyderabad.
Rental prices for fairshell properties in the Central Business District that lies along the road from Jubilee Hills to Begumpet have risen by 25% in the last few months, touching Rs 28-29 per sq.ft per month. Rental costs in areas like Madhapur are in the range of Rs 37-39 for warmshells and Rs 28-29 for fairshells. “The sale price for a built facility is about Rs 3,000 per sq.ft, just about the same as in other cities in India, Indu Projects MD Syam Prasad Reddy.
Hyderabad, over the years, has continually managed to draw big names like Infosys and Microsoft to set up campuses in the city. And the state government’s ability to provide global companies large tracts of land at concessional rates is a major reason for these companies coming the city’s way. However, as a fallout of this, land prices around these campuses skyrocket. In fact, prices in areas like Gachibowli and Madhapur are expected to touch Mumbai levels in a few years, says Sudhakar
It then seems quite paradoxical then that market pundits continue to be bullish on Hyderabad’s ability to draw companies and developers alike, to invest in real estate in the city. The commercial office space market is expected to grow at a healthy rate for at least the next two-three years, says Reddy.
About 15 million square feet of developed office space is expected to enter the market over the next two years.The reasons for the buoyancy are many. For one, the influx on new property will make sure property prices don’t rise above the current level. Prices are expected to stabilise over the next few years, and either plateau at rates prevalent in cities or stay a touch lower, says Mr Chandan.
Also, Hyderabad’s low cost of living, excellent road infrastructure, the new international airport at Shamshadbad and the proposed metro rail corridor amongst others, have today come to become the differentiating factor for companies to choose Hyderabad over other cities as a destination for setting base. Smaller companies which do not get government patronage come to the city because the bigger companies are moving here and also because of Hyderabad’s other cost advantages, says Mr Reddy.
Saturday, March 04, 2006
Miyapur and Hitec City
Find in the picture how various companies are located in the Hiec City and around
You can find Infosys, TCS and so on in the picture.
This makes Miyapur an affordable place to stay and construct house
International Airport Shamshabad
Note the International airport and the development of the shamsabad. The NH7(6 track express highway)
Infosys now has the proposed layout of Maheswaram mandal
Tukkuguda junction will now be a center and also pedda toopran.
Preferably a residential site at residential ventures near proposed 250ft outer ring road.
How Shamshabad and Hitec are getting closer
if you carefully observe the way Hitec City and Shamshabad are getting closer results in the escalation of rela estate prices around the areas where the Express highway is built (Red coloured line)
It starts at SHamshabad and ends at Miyapur(I suppose)
so areas those are bound to increase include places of kndapur and shamshabad and also in and around Deer park
Friday, February 24, 2006
Perfect bath
Ancient architecture, have separate bathroom and toilet. But these days due to shortage of space both have been merged into one. The science of vaastu has definite rules for the location of bathrooms and toilets, and other accessories such as washbasin and mirrors fitted therein.
A bathroom should be located on the East or North of the house. If it is attached to the bedroom, it should be on the Eastern or Northern side of the bedroom.
There should be a window or ventilator in East or the Northern wall. Early morning sunlight coming from these windows, is beneficial for our body.
As South-East is the direction of Agni (fire) so all related electrical appliances that is heater, geyser, shaver, switchboard should be on South-East corner. If there is a bathtub it can be placed either in East, West or North-East . Washbasin and shower should be on the North-East
Slope of floor should be towards North-East , that is water should flow and drain out through the North-East direction. If a mirror has to be placed it should not be on the Southern direction. Toilet in bathrooms is not advisable according to vaastu. However, if it is, it should be in the West or North-West corner. The best option is North-West . In any case it should never be in North-East corner of the plot or of the building. And as far as possible avoid Eastern or Northern sides too.
In the toilet longitudinal axis of the water closet should be North-South axis, not East-West such that the person sitting would face either North or South while easing himself. As in the case of bathrooms , it is preferable to have slope towards North-East for toilets too.
Septic tank should be positioned below the ground level wit utmost care taken to locate it.
In vaastu, it is advised to have a North-East corner lower than all other sides. It means that the only location to build a septic tank is North-East , but this direction is considered to be scared being the direction of God. Thus the only location of septic tank should be West, North or North-West
All outlet from the kitchen, toilet, bathroom, to the drainage pipes, should be given in East, North or North-East these pipe lines which should be further divided to West or North-West . Care must be taken not to give any outlet in the South direction.
Vaastu gives attention to these parts of the house as all the activities are associated with water and water is one of the five essential element. and vaastu is the arrangement of these five elements that is earth, water, fire, air and sky in such a way that it can maximise benefits and minimise loss.Always put vaastu salt in a bone china or a ceramic bowl in North or East side of your toilet. It will absorb all the negativity coming out from soil waste. Flush this salt regularly after 10 days and fill it again with new salt.
Vaastu salt absorbs all this negative radiation. Also never do marble flooring in toilet as marble absorbs energy it is better to use ceramic tiles in toilet.
If a toilet is in North-East zone of the house, put a Bagua Symbol on the door of toilet. Also if the toilet is directly seen from the main door then put a big mirror on the outer side of the toilet’s door to reflect back the entrance. A toilet should never be next to or in front of kitchen and pooja room.
A bathroom should be located on the East or North of the house. If it is attached to the bedroom, it should be on the Eastern or Northern side of the bedroom.
There should be a window or ventilator in East or the Northern wall. Early morning sunlight coming from these windows, is beneficial for our body.
As South-East is the direction of Agni (fire) so all related electrical appliances that is heater, geyser, shaver, switchboard should be on South-East corner. If there is a bathtub it can be placed either in East, West or North-East . Washbasin and shower should be on the North-East
Slope of floor should be towards North-East , that is water should flow and drain out through the North-East direction. If a mirror has to be placed it should not be on the Southern direction. Toilet in bathrooms is not advisable according to vaastu. However, if it is, it should be in the West or North-West corner. The best option is North-West . In any case it should never be in North-East corner of the plot or of the building. And as far as possible avoid Eastern or Northern sides too.
In the toilet longitudinal axis of the water closet should be North-South axis, not East-West such that the person sitting would face either North or South while easing himself. As in the case of bathrooms , it is preferable to have slope towards North-East for toilets too.
Septic tank should be positioned below the ground level wit utmost care taken to locate it.
In vaastu, it is advised to have a North-East corner lower than all other sides. It means that the only location to build a septic tank is North-East , but this direction is considered to be scared being the direction of God. Thus the only location of septic tank should be West, North or North-West
All outlet from the kitchen, toilet, bathroom, to the drainage pipes, should be given in East, North or North-East these pipe lines which should be further divided to West or North-West . Care must be taken not to give any outlet in the South direction.
Vaastu gives attention to these parts of the house as all the activities are associated with water and water is one of the five essential element. and vaastu is the arrangement of these five elements that is earth, water, fire, air and sky in such a way that it can maximise benefits and minimise loss.Always put vaastu salt in a bone china or a ceramic bowl in North or East side of your toilet. It will absorb all the negativity coming out from soil waste. Flush this salt regularly after 10 days and fill it again with new salt.
Vaastu salt absorbs all this negative radiation. Also never do marble flooring in toilet as marble absorbs energy it is better to use ceramic tiles in toilet.
If a toilet is in North-East zone of the house, put a Bagua Symbol on the door of toilet. Also if the toilet is directly seen from the main door then put a big mirror on the outer side of the toilet’s door to reflect back the entrance. A toilet should never be next to or in front of kitchen and pooja room.
Open the door to elegance
The main doorway to your home can tell a lot about the life you lead, and about the path you probably have chosen. The main door symbolises health, wealth and speaks of an identity that belongs to the family residing inside . When planned appropriately , in terms of look, direction and material, it can make a dramatic, impressive style statement.
There are a couple of things to consider before you plan for the main door. Its size, shape, direction that it faces - which is critical, as Vaastu experts would tell you - durability or strength, the material to use, teak wood would be ideal, or if you can afford mahogany or rosewood, and if it will have a particular design. For instance, a designer door with a mix of metals - say wood and stained glass, wood and glass or wood and metal, or a heavily carved door - would speak of a contemporary mind, very styleoriented and generous frame of mind.
If planning a door, then its direction facing either the north, east or the northeast is considered auspicious .
Option in doors
Classic wooden doors: Those with different veneers like chestnut, rose, mahogany, walnut or birch, with a grain effect, and very clean, straight lines are opted for by most people. Some new textured paint finishes can give your door an added dimension. For those who wouldn't mind a bit of carving, they need to opt for teak wood.
Wood-finished metal doors: These would also come in classical styles - oval, paneled, or with single straight lines - and in different simulated wood veneers. Elegant doorknobs in bronze hues enhance this door, which also have a metal sheet running through both sides of wood, increasing their durability and strength ten-fold and therefore safety.
Wooden doors with stained glass: Here, more than half the door is made in wood, and just the top end or the side panels can be done up in some exquisite original stained glass. The area where glass is provided is doubly reinforced with grills on the inside so there are no weak spots to tamper with
Wood carved doors: These can be done only on solid teak wood, and would require time to complete. Doors can be carved according to themes like the tree of life, or the pot of gold found at the end of the rainbow, or even the picture of a shrine is quite sought-after .
Antique doors: These are usually sourced from old homes by furniture dealers, and if you'd like a certain look for your house, a Keralastyle door or a Rajasthan-style jharoka would work for you. Essentially , these doors are transported from the old, ancestral homes, brought into a contemporary setting with a twist of varnish, a smidgen of design - and voila, you get a rare, charming doorway to your house. You can create an antique look with new furniture and so too with doors.
Door embellishments
Besides using beveled glass on doors - both on the main doors or the ones connecting rooms - you can also use carvings, murals, stained glass, metal embossing, etching, and gold or silver engravings. They are trendy and add charm to the entrance.
Door bells, either the traditional variety, or the modern chime ones, antique door knobs and fancy name plates - custom-designed ceramic ones are very popular today - are other decorative elements that could go into your main door.
Ideally, the best time to think about your main door is when the outer shell of your house, including the plastering, is complete. It would give you enough time to select, design , and have an elaborately carved main door, custom-made , and ready by the time you move in.
There are a couple of things to consider before you plan for the main door. Its size, shape, direction that it faces - which is critical, as Vaastu experts would tell you - durability or strength, the material to use, teak wood would be ideal, or if you can afford mahogany or rosewood, and if it will have a particular design. For instance, a designer door with a mix of metals - say wood and stained glass, wood and glass or wood and metal, or a heavily carved door - would speak of a contemporary mind, very styleoriented and generous frame of mind.
If planning a door, then its direction facing either the north, east or the northeast is considered auspicious .
Option in doors
Classic wooden doors: Those with different veneers like chestnut, rose, mahogany, walnut or birch, with a grain effect, and very clean, straight lines are opted for by most people. Some new textured paint finishes can give your door an added dimension. For those who wouldn't mind a bit of carving, they need to opt for teak wood.
Wood-finished metal doors: These would also come in classical styles - oval, paneled, or with single straight lines - and in different simulated wood veneers. Elegant doorknobs in bronze hues enhance this door, which also have a metal sheet running through both sides of wood, increasing their durability and strength ten-fold and therefore safety.
Wooden doors with stained glass: Here, more than half the door is made in wood, and just the top end or the side panels can be done up in some exquisite original stained glass. The area where glass is provided is doubly reinforced with grills on the inside so there are no weak spots to tamper with
Wood carved doors: These can be done only on solid teak wood, and would require time to complete. Doors can be carved according to themes like the tree of life, or the pot of gold found at the end of the rainbow, or even the picture of a shrine is quite sought-after .
Antique doors: These are usually sourced from old homes by furniture dealers, and if you'd like a certain look for your house, a Keralastyle door or a Rajasthan-style jharoka would work for you. Essentially , these doors are transported from the old, ancestral homes, brought into a contemporary setting with a twist of varnish, a smidgen of design - and voila, you get a rare, charming doorway to your house. You can create an antique look with new furniture and so too with doors.
Door embellishments
Besides using beveled glass on doors - both on the main doors or the ones connecting rooms - you can also use carvings, murals, stained glass, metal embossing, etching, and gold or silver engravings. They are trendy and add charm to the entrance.
Door bells, either the traditional variety, or the modern chime ones, antique door knobs and fancy name plates - custom-designed ceramic ones are very popular today - are other decorative elements that could go into your main door.
Ideally, the best time to think about your main door is when the outer shell of your house, including the plastering, is complete. It would give you enough time to select, design , and have an elaborately carved main door, custom-made , and ready by the time you move in.
Repo rates and housing
The Reserve Bank of India has done it again. In the recently announced credit policy in January' 06, it has again increased the repo rate as well as the reverse repo rate.
In the Credit Policy review done in January' 06, the RBI has hiked the repo rate - the rate at which RBI lends to banks - from 6.25 percent to 6.50 percent. Repo rate is used to repo rate, used to add funds to the market. It has also hiked the reverse repo rate - a short-term benchmark rate in the money market - by 25 basis points, from 5.25 percent to 5.50 percent.
What are these rates and how do they impact the interest on housing loans?
Repo is a money market instrument , which enables collateralised short term borrowing and lending through sale/purchase operations in debt instruments. Under a repo transaction, a holder of securities sells them to an investor with an agreement to repurchase at a predetermined date and rate.
In the case of a repo, the forward clean price of the bonds is set in advance at a level, which is different from the spot clean price by adjusting the difference between repo interest and coupon earned on the security.
The terms of the transaction are structured to compensate for the funds lent and the cost of the transaction is the repo rate. The inflow of cash from the transaction can be used to meet temporary liquidity requirement in the short-term money market at comparable cost.
Repo rate is nothing but the annualised interest rate for the funds transferred by the lender to the borrower. Generally, the rate at which it is possible to borrow through a repo is lower than the same offered on unsecured interbank loan for the reason that it is a collateralised transaction and the credit worthiness of the issuer of the security is often higher than the seller. Other factors affecting the repo rate include, the credit worthiness of the borrower, liquidity of the collateral and comparable rates of other money market instruments.
A reverse repo is the mirror image of a repo. In a reverse repo, securities are acquired with a simultaneous commitment to resell. Hence whether a transaction is a repo or a reverse repo is determined only in terms of who initiated the first leg of the transaction.
When the reverse repurchase transaction matures, the counterparty returns the security to the entity concerned and receives its cash along with a profit spread. One factor, which encourages an organisation to enter into reverse repo, is that it earns some extra income on its otherwise idle cash.
The increase is the fourth in 15 months and takes the reverse repo, the rate at which it drains funds from the money market, to its highest in nearly three years. The RBI last raised the reverse repo in October, citing inflation pressures from costly oil and robust domestic demand.
Repo rate is the benchmark rate at which the RBI borrows from the banks for short term. An increase in the repo rate may be a pre runner to an increase in the bank rate. The repo rate is the rate at which the RBI borrows from the banks. Bank rate is the rate at which the banks borrow from the RBI. So, if the RBI increases the repo rate, it may increase the bank rate as well in near future.
What would be the impact of these increases o the housing loans? Well generally speaking, the increase in repo rate may lead to a hardening in interest rates across the board. Repo rate increase may lead to increase in interest rates - both lending as well as deposit rates. The banks' funding costs would increase as higher repo rates would trigger a increase in inter-bank borrowing rates and retail deposit rates. The lending rates as reflected in the prime lending rates of the banks and the deposit rates should increase.
However this process takes time. There may be other mitigating factors to watch out before the increase in repo rates does translate into higher cost of borrowings. Due to competition , in the short term the banks may try to attract customers with low floating rate loans.
A lot will depend on the inflation rates and petroleum prices. If these stay under control, then the increase in interest rates may not happen altogether. Many banks are of the view that they would not rush to increase their lending rates. No doubt the increase would enhance their borrowing costs, however most banks would prefer to wait and watch before taking a decision .
Each bank would review rates to see the impact of increasing or not increasing the interest rates. Macro economic indicators still stay strong, which may also help to keep interest rates under control. Also it is to be noted that even if the banks are compelled to increase the rates, it may only be a marginal increase and not a drastic increase
In the Credit Policy review done in January' 06, the RBI has hiked the repo rate - the rate at which RBI lends to banks - from 6.25 percent to 6.50 percent. Repo rate is used to repo rate, used to add funds to the market. It has also hiked the reverse repo rate - a short-term benchmark rate in the money market - by 25 basis points, from 5.25 percent to 5.50 percent.
What are these rates and how do they impact the interest on housing loans?
Repo is a money market instrument , which enables collateralised short term borrowing and lending through sale/purchase operations in debt instruments. Under a repo transaction, a holder of securities sells them to an investor with an agreement to repurchase at a predetermined date and rate.
In the case of a repo, the forward clean price of the bonds is set in advance at a level, which is different from the spot clean price by adjusting the difference between repo interest and coupon earned on the security.
The terms of the transaction are structured to compensate for the funds lent and the cost of the transaction is the repo rate. The inflow of cash from the transaction can be used to meet temporary liquidity requirement in the short-term money market at comparable cost.
Repo rate is nothing but the annualised interest rate for the funds transferred by the lender to the borrower. Generally, the rate at which it is possible to borrow through a repo is lower than the same offered on unsecured interbank loan for the reason that it is a collateralised transaction and the credit worthiness of the issuer of the security is often higher than the seller. Other factors affecting the repo rate include, the credit worthiness of the borrower, liquidity of the collateral and comparable rates of other money market instruments.
A reverse repo is the mirror image of a repo. In a reverse repo, securities are acquired with a simultaneous commitment to resell. Hence whether a transaction is a repo or a reverse repo is determined only in terms of who initiated the first leg of the transaction.
When the reverse repurchase transaction matures, the counterparty returns the security to the entity concerned and receives its cash along with a profit spread. One factor, which encourages an organisation to enter into reverse repo, is that it earns some extra income on its otherwise idle cash.
The increase is the fourth in 15 months and takes the reverse repo, the rate at which it drains funds from the money market, to its highest in nearly three years. The RBI last raised the reverse repo in October, citing inflation pressures from costly oil and robust domestic demand.
Repo rate is the benchmark rate at which the RBI borrows from the banks for short term. An increase in the repo rate may be a pre runner to an increase in the bank rate. The repo rate is the rate at which the RBI borrows from the banks. Bank rate is the rate at which the banks borrow from the RBI. So, if the RBI increases the repo rate, it may increase the bank rate as well in near future.
What would be the impact of these increases o the housing loans? Well generally speaking, the increase in repo rate may lead to a hardening in interest rates across the board. Repo rate increase may lead to increase in interest rates - both lending as well as deposit rates. The banks' funding costs would increase as higher repo rates would trigger a increase in inter-bank borrowing rates and retail deposit rates. The lending rates as reflected in the prime lending rates of the banks and the deposit rates should increase.
However this process takes time. There may be other mitigating factors to watch out before the increase in repo rates does translate into higher cost of borrowings. Due to competition , in the short term the banks may try to attract customers with low floating rate loans.
A lot will depend on the inflation rates and petroleum prices. If these stay under control, then the increase in interest rates may not happen altogether. Many banks are of the view that they would not rush to increase their lending rates. No doubt the increase would enhance their borrowing costs, however most banks would prefer to wait and watch before taking a decision .
Each bank would review rates to see the impact of increasing or not increasing the interest rates. Macro economic indicators still stay strong, which may also help to keep interest rates under control. Also it is to be noted that even if the banks are compelled to increase the rates, it may only be a marginal increase and not a drastic increase
Importance of vaastu wrt Kitchen
The kitchen is the busiest part of any house. The constant drone from the refrigerator, the alarm from the microwave, the sound of utensils, the noise of frying, boiling and not to forget those pleasurable moments when you relish those delicacies and the joy of eating together as one family.
It’s the kitchen that keeps the entire house in order. But have you ever wondered if your kitchen is placed in the right direction? What is the right direction for the kitchen, you may wonder? A right placement of the kitchen in the house takes care of the good health of the family; a smooth financial flow and a peace of mind; while a wrongly placed kitchen can give rise to health problems for family members; unexpected expenses and mental tensions.
The rules of Vaastu specify that a kitchen should be placed in the South-East direction. But Vaastu is also not a rigid science and gives room for lots of adaptability. If the placement of the kitchen is not in the South-East direction, the alternative is that is should be placed in the North-West direction. If you have heat in South-East or North-West of the house, it will create the balance between negative and positive energy flow.
Whereas if your kitchen is located in the South-West or the North-East corner of the house, you would be experiencing some problems. South-West is the direction in which your master bedroom should be located, and North-East is the section of the house that should be as open, and not loaded with heavy objects. Good location of the kitchen will not only bring happiness, name and fame but also good health.
It is observed that a wrongly placed kitchen creates lots of problem like continuous struggle, money gets blocked in wrong investments or money loss from unexpected area. Wrong kitchen placement also affects health of the women in the house. Further it is advisable that you should always face the East or the North while cooking. The directions of South and West should be avoided while cooking, as this could create blood-related problems or depression in the female members of the house.
Many a times, the platform of the house within the kitchen may not be placed in the proper direction, but with the advent of modular kitchens it has become easy to orient your direction. The place of worship in one’s house tends to be in the kitchen itself. The precautions that one should take while placing the god is to make sure that the mandir is kept facing the West or on the East wall of the kitchen.
If this is not possible then the reverse direction can be taken that is the god can be kept on the West wall, facing the East. In this case it is important to also conduct a puja in the evening. It is advisable to just keep one photo or idol of the gods in the mandir and not overcrowd this with many idols or photo of the same god.
There is no reason to panic if your location is not Vaastu Compliant. One can work towards adapting your location for Vaastu Compliance. Vaastu is an effect of the surroundings. Technically, it is a study of the effect of energy forces on a human body. It is the science of energy forces that is applicable to the entire universe.
Vaastu Shastra basically considers five basic forces – air, water, fire, earth and space. Keeping their effect in mind while constructing a building, helps to bring peace, happiness and prosperity in life. The main aim is balancing the surrounding energy forces with laws of nature, bringing peace of mind, prosperity and growth to individuals.
Vaastu Shastra is a ‘comprehensive building philosophy’ that pertains to the built form and its relationship with natural environment and physical , emotional and spiritual needs of the occupants.
It’s the kitchen that keeps the entire house in order. But have you ever wondered if your kitchen is placed in the right direction? What is the right direction for the kitchen, you may wonder? A right placement of the kitchen in the house takes care of the good health of the family; a smooth financial flow and a peace of mind; while a wrongly placed kitchen can give rise to health problems for family members; unexpected expenses and mental tensions.
The rules of Vaastu specify that a kitchen should be placed in the South-East direction. But Vaastu is also not a rigid science and gives room for lots of adaptability. If the placement of the kitchen is not in the South-East direction, the alternative is that is should be placed in the North-West direction. If you have heat in South-East or North-West of the house, it will create the balance between negative and positive energy flow.
Whereas if your kitchen is located in the South-West or the North-East corner of the house, you would be experiencing some problems. South-West is the direction in which your master bedroom should be located, and North-East is the section of the house that should be as open, and not loaded with heavy objects. Good location of the kitchen will not only bring happiness, name and fame but also good health.
It is observed that a wrongly placed kitchen creates lots of problem like continuous struggle, money gets blocked in wrong investments or money loss from unexpected area. Wrong kitchen placement also affects health of the women in the house. Further it is advisable that you should always face the East or the North while cooking. The directions of South and West should be avoided while cooking, as this could create blood-related problems or depression in the female members of the house.
Many a times, the platform of the house within the kitchen may not be placed in the proper direction, but with the advent of modular kitchens it has become easy to orient your direction. The place of worship in one’s house tends to be in the kitchen itself. The precautions that one should take while placing the god is to make sure that the mandir is kept facing the West or on the East wall of the kitchen.
If this is not possible then the reverse direction can be taken that is the god can be kept on the West wall, facing the East. In this case it is important to also conduct a puja in the evening. It is advisable to just keep one photo or idol of the gods in the mandir and not overcrowd this with many idols or photo of the same god.
There is no reason to panic if your location is not Vaastu Compliant. One can work towards adapting your location for Vaastu Compliance. Vaastu is an effect of the surroundings. Technically, it is a study of the effect of energy forces on a human body. It is the science of energy forces that is applicable to the entire universe.
Vaastu Shastra basically considers five basic forces – air, water, fire, earth and space. Keeping their effect in mind while constructing a building, helps to bring peace, happiness and prosperity in life. The main aim is balancing the surrounding energy forces with laws of nature, bringing peace of mind, prosperity and growth to individuals.
Vaastu Shastra is a ‘comprehensive building philosophy’ that pertains to the built form and its relationship with natural environment and physical , emotional and spiritual needs of the occupants.
Hyderabad Housing Companies
Taken from indiaproperty.com
The booming economy of India is something the whole world is watching with awe and the city that is in focus most of the time is Hyderabad. With the urbanization drive being carried on in full swing, Hyderabad is fast becoming the right place to reside in. we shall be concentrating on sites dealing with Hyderabad Housing Companies, Hyderabad Housing, Houses in Hyderabad and Hyderabad Homes.
Jayabheri Group is run by Murali Mohan who is a leading real estate developer. Their dedicated team of professionals work hard to give their customers the best deals at minimum cost.
Website: http://www.jayabherigroup.com/
Narne Construction Pvt Ltd has been established to undertake construction work. They also deal in real estate services.
Website: http://www.narne.com
Jayadarsini is one of the leading housing companies and is known for building finest residential plots. The projects undertaken cater to the needs of highly urbanised Hyderabad.
Website: http://www.jayadarsini.com/
The company S&S Constructions is majorly involved in developing residential flats for NRIs as well as Indians. They use latst technologies and strive hard to give their customers best quality at a minimum rate.
Website: http://www.sands-india.com/
Rishi Jaideep Estates Private Limited is a company involved in Realestates and Construction. They have everything from experienced proffesionals to right knowledge and guidance to comlete your work within the budget and on time.
Website: http://www.rishijaideepestates.com/
LIBRA ENCLAVE
Website: http://www.librashelters.com
Modi
THE GARDENIA
THE GOLDEN PALMS
PALM SPRINGS
THE SILVER SPRINGS
Website: http://www.modibuilders.com/
The booming economy of India is something the whole world is watching with awe and the city that is in focus most of the time is Hyderabad. With the urbanization drive being carried on in full swing, Hyderabad is fast becoming the right place to reside in. we shall be concentrating on sites dealing with Hyderabad Housing Companies, Hyderabad Housing, Houses in Hyderabad and Hyderabad Homes.
Jayabheri Group is run by Murali Mohan who is a leading real estate developer. Their dedicated team of professionals work hard to give their customers the best deals at minimum cost.
Website: http://www.jayabherigroup.com/
Narne Construction Pvt Ltd has been established to undertake construction work. They also deal in real estate services.
Website: http://www.narne.com
Jayadarsini is one of the leading housing companies and is known for building finest residential plots. The projects undertaken cater to the needs of highly urbanised Hyderabad.
Website: http://www.jayadarsini.com/
The company S&S Constructions is majorly involved in developing residential flats for NRIs as well as Indians. They use latst technologies and strive hard to give their customers best quality at a minimum rate.
Website: http://www.sands-india.com/
Rishi Jaideep Estates Private Limited is a company involved in Realestates and Construction. They have everything from experienced proffesionals to right knowledge and guidance to comlete your work within the budget and on time.
Website: http://www.rishijaideepestates.com/
LIBRA ENCLAVE
Website: http://www.librashelters.com
Modi
THE GARDENIA
THE GOLDEN PALMS
PALM SPRINGS
THE SILVER SPRINGS
Website: http://www.modibuilders.com/
Realty zooms on a Fab-ulous ride
The real estate cavalcade rolls on. It began with information technology and kept gathering momentum with every new announcement. In came Biotechnology Park, Knowledge Park, Hardware Park, Apparel Park, sporting stadia and promise for a swank new Airport and wide ring roads. And before the last of the boosters could fizzle out, came the announcement on Hyderabad being chosen as host for the multi-crore Fab City.
The last few months have indeed provided an impetus to a flourishing real estate activity in the city and suburbs. Some of the much publicised projects that promise to change the way the city appears have began taking a final shape and this pushed the property prices a notch higher. No doubt Hyderabad figures prominently when experts sit to compile a list of the most favoured destinations for property related investments.
The hot spots
The recent moves have also been successful in spreading out the gamut of hot spots for buying property. Till recently, everyone appeared to be taking the road to Gachibowli, Madhapur and Kondapur where the IT sector is firmly entrenching itself but now the choice has been further widened.
The Fab City, envisaged at Rs.13,500 crores for manufacture of semi-conductors, has realtors and prospective investors poring over every bit of available nugget on Maheshwaram mandal. The mega project expected to provide around 10,000 jobs in both skilled and semi-skilled category is expected to come up on a 1,200-acre site at Tukkuguda close to the upcoming international airport at Shamshabad, says Rishi Kumar Reddy, Chairman and Managing Director, Rishi Jaideep Estates.
The Government's reiterations on the Outer Ring Road have made even the sceptics line up for a slice of land around the city. Prospective investors, particularly the NRI segment, is said to be keenly watching these periphery areas with a preference to pick land in acres than in plotted areas of square yards. "The enquiries on the Internet from NRI software professionals have gone up considerably in the last couple of months," says a realtor.
Shamshabad, despite its pitfalls in terms of increasing complaints on bogus registrations and zoning regulations, continues to attract property seekers while Tukkuguda and its adjoining areas in Maheshwaram have appeared on the realtor's radar with a big bleep.
The land prices at Shamshabad and surrounding areas have gone up from an initial start of Rs.400 per square yard two years ago and now stand anywhere between Rs.2,000 and Rs.3,000 per square yard. "These prices are up for another round of escalation in the coming months and after that they will keep climbing according to the progress of work at the International Airport," says a dealer.
As the place is expected to buzz with unprecedented activity once the airport is commissioned, buyers looking to reap benefits a few years down the line are not disinclined to invest here. The demand for housing facility here is expected to be massive since those associated with the airport, staff of airlines and the star hotels and commercial spaces planned here will be looking for accommodation in the vicinities.
The Government pronouncements on dotting the area with wide roads, ensuring appropriate green patches and taking up planned development too is described as one of the encouraging factors. The present city heart is choking with traffic and pollution and a promise of planned expanse is lapped up by first generation NRIs and the scores of software professionals coming here from other cities, it is pointed out.
In real fast lane
Though the immediate vicinities of the proposed Fab City site were unexploited till recently, the announcement was met with hectic dealings.
The prices have shot up overnight and as a realtor reels out from his personal experience, many locals who entered into agreements to sell their properties have backed out. "In two months time, the price has risen by around Rs.20 lakhs per acre. I should have closed the deal earlier," he rues.
Contrary to common perception, the price rise has not remained restricted to the hot spots alone. An example in case is the stretch from Bowenpally to Kompally that has registered a price growth without much hype or publicity. A dealer who sold plots at Medchal for Rs.400 per square yard says the same plots are now fetching a price of Rs.1,200 upwards. "On more prime spots on this stretch, the price is going beyond Rs.3,000," he reveals.
Of late, there have been some speculations on the land prices crashing shortly but realtors do not appear to be unduly perturbed over it. "These are mere speculations which are aimed at braking the growth," brushes aside one. However, some places that registered an unscientific rise in the prices could be affected a bit. "There could be some stagnation at places where agents and brokers caused artificial demand," he says.
A major chunk of those going around in search of avenues to pick land is said to comprise NRIs, software professionals and those from other cities. A leading developer says: "I will say only 20 per cent of investors are local while the rest are from outside."
The last few months have indeed provided an impetus to a flourishing real estate activity in the city and suburbs. Some of the much publicised projects that promise to change the way the city appears have began taking a final shape and this pushed the property prices a notch higher. No doubt Hyderabad figures prominently when experts sit to compile a list of the most favoured destinations for property related investments.
The hot spots
The recent moves have also been successful in spreading out the gamut of hot spots for buying property. Till recently, everyone appeared to be taking the road to Gachibowli, Madhapur and Kondapur where the IT sector is firmly entrenching itself but now the choice has been further widened.
The Fab City, envisaged at Rs.13,500 crores for manufacture of semi-conductors, has realtors and prospective investors poring over every bit of available nugget on Maheshwaram mandal. The mega project expected to provide around 10,000 jobs in both skilled and semi-skilled category is expected to come up on a 1,200-acre site at Tukkuguda close to the upcoming international airport at Shamshabad, says Rishi Kumar Reddy, Chairman and Managing Director, Rishi Jaideep Estates.
The Government's reiterations on the Outer Ring Road have made even the sceptics line up for a slice of land around the city. Prospective investors, particularly the NRI segment, is said to be keenly watching these periphery areas with a preference to pick land in acres than in plotted areas of square yards. "The enquiries on the Internet from NRI software professionals have gone up considerably in the last couple of months," says a realtor.
Shamshabad, despite its pitfalls in terms of increasing complaints on bogus registrations and zoning regulations, continues to attract property seekers while Tukkuguda and its adjoining areas in Maheshwaram have appeared on the realtor's radar with a big bleep.
The land prices at Shamshabad and surrounding areas have gone up from an initial start of Rs.400 per square yard two years ago and now stand anywhere between Rs.2,000 and Rs.3,000 per square yard. "These prices are up for another round of escalation in the coming months and after that they will keep climbing according to the progress of work at the International Airport," says a dealer.
As the place is expected to buzz with unprecedented activity once the airport is commissioned, buyers looking to reap benefits a few years down the line are not disinclined to invest here. The demand for housing facility here is expected to be massive since those associated with the airport, staff of airlines and the star hotels and commercial spaces planned here will be looking for accommodation in the vicinities.
The Government pronouncements on dotting the area with wide roads, ensuring appropriate green patches and taking up planned development too is described as one of the encouraging factors. The present city heart is choking with traffic and pollution and a promise of planned expanse is lapped up by first generation NRIs and the scores of software professionals coming here from other cities, it is pointed out.
In real fast lane
Though the immediate vicinities of the proposed Fab City site were unexploited till recently, the announcement was met with hectic dealings.
The prices have shot up overnight and as a realtor reels out from his personal experience, many locals who entered into agreements to sell their properties have backed out. "In two months time, the price has risen by around Rs.20 lakhs per acre. I should have closed the deal earlier," he rues.
Contrary to common perception, the price rise has not remained restricted to the hot spots alone. An example in case is the stretch from Bowenpally to Kompally that has registered a price growth without much hype or publicity. A dealer who sold plots at Medchal for Rs.400 per square yard says the same plots are now fetching a price of Rs.1,200 upwards. "On more prime spots on this stretch, the price is going beyond Rs.3,000," he reveals.
Of late, there have been some speculations on the land prices crashing shortly but realtors do not appear to be unduly perturbed over it. "These are mere speculations which are aimed at braking the growth," brushes aside one. However, some places that registered an unscientific rise in the prices could be affected a bit. "There could be some stagnation at places where agents and brokers caused artificial demand," he says.
A major chunk of those going around in search of avenues to pick land is said to comprise NRIs, software professionals and those from other cities. A leading developer says: "I will say only 20 per cent of investors are local while the rest are from outside."
Sunday, February 19, 2006
RATE WATCH
RATE WATCH
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Cement
Varies from Rs. 120 to Rs. 140 depending on the brand.
Sand
Local sand - body level - Rs.2,000 (5 to 6 tonnes)
Local sand - full load - Rs. 3,000 (13 to 14 tonnes).
STD load - Rs. 8,000 (20 to 21 tonnes)
STD load is referred to as sand coming from Karimnagar, Nandyal, Nizamabad, Vijayawada and Nalgonda districts.
Timber (approx per cft)
Teak -- Rs. 950 to Rs. 2,000
Sal -- Rs. 600 to Rs. 750
Meranti-- Rs. 700
Neem-- Rs. 300
Mango-- Rs. 300
Babool-- Rs. 300
Beeja Sal-- Rs. 600 to Rs. 800
Steel
From Rs. 24,000 Per Tonne to Rs. 27,500 per Tonne.
Bricks
Rs. 1.40 to Rs. 1.50 per piece of mud bricks.
Rs. 2.25 to Rs. 2.50 per piece, if they are lightweight.
Hollow bricks made of cement powder cost less and are used by some builders.
==========
Cement
Varies from Rs. 120 to Rs. 140 depending on the brand.
Sand
Local sand - body level - Rs.2,000 (5 to 6 tonnes)
Local sand - full load - Rs. 3,000 (13 to 14 tonnes).
STD load - Rs. 8,000 (20 to 21 tonnes)
STD load is referred to as sand coming from Karimnagar, Nandyal, Nizamabad, Vijayawada and Nalgonda districts.
Timber (approx per cft)
Teak -- Rs. 950 to Rs. 2,000
Sal -- Rs. 600 to Rs. 750
Meranti-- Rs. 700
Neem-- Rs. 300
Mango-- Rs. 300
Babool-- Rs. 300
Beeja Sal-- Rs. 600 to Rs. 800
Steel
From Rs. 24,000 Per Tonne to Rs. 27,500 per Tonne.
Bricks
Rs. 1.40 to Rs. 1.50 per piece of mud bricks.
Rs. 2.25 to Rs. 2.50 per piece, if they are lightweight.
Hollow bricks made of cement powder cost less and are used by some builders.
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