Split boosts Telangana, Andhra Pradesh real estate sector
May 26, 2014
Source : Deccan Chronicle

 

HYDERABAD: Real estate transactions in coastal Andhra and Rayalaseema regions, which had been sluggish for the past year, have picked up since March 2014, after the AP Reorganisation Bill was passed in Parliament.  

In the Telangana region, where the business has been moderate for the past 18 months, it has begun to pick up fast in Hyderabad, Ranga Reddy and Nizamabad districts.

Figures from the Seemandhra stamps and registrations department indicate that the highest number of real estate and property transactions was registered in Vijayawada and Guntur, where there is  talk of the new capital being situated.

Growth in the stamps and registration figures was highest in Guntur, at 118.78 per cent, with a total revenue of Rs 1,818.74 lakh in April 2014, against Rs 831.32 lakh in April  2013.

Next are Vijayawada (East) and Vijayawada with 81.29 and 92.09 per cent growth in real estate, with revenue of Rs 1,593.23 and Rs 1,428.04 lakh respectively in April 2014, against Rs 878 and Rs 743.42 respectively in April 2013.
 

Latest Realty News

Credai hopes new govt will take pro-growth stance
May 17, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) has congratulated the BJP-led NDA for its victory in the parliamentary elections and hoped that it will take pro-growth stance and ensure revival of the economy and industry.
Couple arrested for cheating banks
May 11, 2014
VISAKHAPATNAM: While many people find it very difficult to get a home loan for constructing their dream house, a couple allegedly managed to deceive two different banks and secure two different home loans.
Tata Sons chairman Cyrus Mistry's company wins battle 'royal' against lawyer
May 11, 2014
HYDERABAD: A company owned by the family of Tata Sons chairman Cyrus P Mistry has won a victory in the Andhra Pradesh high court as it tries to safeguard the assets it bought from the heirs of the erstwhile Nizam of Hyderabad. In an order last week, the court put a temporary halt to the sale or transfer of Cyrus Investments' assets in Hyderabad by the lawyer who was given a general power of attorney for the assets by the Mumbai-based company.
Tata Sons chairman Cyrus Mistry's company wins battle 'royal' against lawyer
May 10, 2014
HYDERABAD: A company owned by the family of Tata Sons chairman Cyrus P Mistry has won a victory in the Andhra Pradesh high court as it tries to safeguard the assets it bought from the heirs of the erstwhile Nizam of Hyderabad. In an order last week, the court put a temporary halt to the sale or transfer of Cyrus Investments' assets in Hyderabad by the lawyer who was given a general power of attorney for the assets by the Mumbai-based company.
Post elections, realty demand to soar in Visakhapatnam
May 09, 2014
VISAKHAPATNAM: With the heat and dust of elections finally settling down, realtors in Seemandhra are heaving a sigh of relief. They have their fingers crossed that after the lean spell in April, the formation of a new, stable government at the Centre and an end to the much-prolonged bifurcation tangle will spur growth in the realty sector from June onwards.
'Influence zones' proposed near metro rail stations
May 08, 2014
HYDERABAD: If Hyderabad Metropolitan Development Authority's plans materialise, only high-rise buildings with minimum 40 metre height will be encouraged in 'influence zones' (an area in a radius of 300 to 800 metres) around metro rail and MMTS stations soon. Also, mixed land use, where property developers can exploit real estate for commercial, residential, recreational and other purposes, will be allowed in these zones.
Private equity investments in real estate sector up 28% in Q1
May 08, 2014
HYDERABAD: The real estate sector recorded Rs 2,800 crore in private equity investments during the first quarter of 2014, an increase of 28 per cent compared to the previous quarter and nearly 2.5 times the investment in Q1 2013, according to real estate consultancy Cushman & Wakefield.
Economic slowdown has not impacted the luxury residential segment
May 03, 2014
HYDERABAD: Rise above the necessary and when you do that, you are in the lap of luxury. Amid the gamut of luxury projects in India, luxury housing has picked up the most. Modern homes today pack features that meet the growing aspirations of people who want their houses to reflect their social and financial standing. These luxury homes come as apartments, penthouses, suburban villas and bungalows, and are often close to a golf-course or a green expanse. Industry experts attribute the rise in luxu
Realty sector looking for strong govt to push through reforms
May 02, 2014
HYDERABAD: The Indian real estate market, like most other sectors of the economy, is hoping that a strong Government at the Centre will push through reforms, help the sector gather momentum and thereby attract investments.
Industry chamber suggests slew of steps for Telangana's growth
Apr 29, 2014
HYDERABAD: Promoting two-three districts as economic units, restriction of real estate activity to prevent spiraling of land cost are among measures suggested by the Federation of Andhra Pradesh Chambers of Commerce and Industry for rapid economic growth of Telangana.

Latest Realty News Of State

Realty Talk's