Several developers are now taking the Villa projects route to keep their business moving. Villa projects don't have the dependencies like apartment projects of having minimum bookings to slow progress in a construction. Whoever pays on time will get his villa delivered. For instance, the Miyapur - Medchal road is seeing a lot of Villa developments. The area is very close to the Cyberabad area and was seeing rampant construction activity with scores of apartments coming up but now the Villa projects are the main advertisers on the road. The same is the path taken by builders who have not had a good experience with apartment projects like Manjeera and Mantri. A lot of builders like Raja Pushpa and Aparna are now preferring to do Villas and Apartments together to keep the momentum going in the location.
Thursday, May 22, 2014
Hyderabad rental market - New breed of renters - Intracity movers
With most of the job creation happening in Cyberabad, the commute time from Hyderabad and Secunderabad has been on the increase because of the peak hour traffic and Metro train construction work. The offices were in Banjara Hills and Begumpet belt then moved to Jubilee Hills and Madhapur and are now to Gachibowli.
In the past 15 years, the office commute distance has increased from an average of 8-10 km to 25-35 km now. So, a lot of housing on the Cyberabad side is seeing people, with own property in Secunderabad and Hyderabad, moving in as renters. Many have lived in the original twin cities for generations, but are now planning property purchases or renting out in Cyberabad area.
With the Metro not staring anytime soon and not exactly taking them to their office door step, many people are choosing to move to West Hyderabad - Chandanagar, Kondapur, Gachibowli, KPHB, Miyapur.
In the past 15 years, the office commute distance has increased from an average of 8-10 km to 25-35 km now. So, a lot of housing on the Cyberabad side is seeing people, with own property in Secunderabad and Hyderabad, moving in as renters. Many have lived in the original twin cities for generations, but are now planning property purchases or renting out in Cyberabad area.
With the Metro not staring anytime soon and not exactly taking them to their office door step, many people are choosing to move to West Hyderabad - Chandanagar, Kondapur, Gachibowli, KPHB, Miyapur.
Hyderabad real estate market - No new lauches - Rents bound to go up
With Hyderabad in a freeze mode, no new launches are happening. I guess, the builders will wait till August to understand the mood of the market. The builders with standing inventory/ finished stock need to clear the stock. But, the supposedly more intelligent buyer also will wait out till he sees a good bargain down from current levels. So, most likely, the houses available for rent will be drastically down and the rents will start inching up at good pace. People looking for cheaper rents with the freeze mode in real estate would be disappointed.
Lower sales mean Higher rents.
Lower sales mean Higher rents.
Tuesday, May 6, 2014
Hyderabad - Kukatpally - Gulf Oil Township
Gulf Oil Corporation Limited has entered into a joint development agreement with Hinduja Estates Private Limited to develop 76 acre of the former’s land at Kukatpally in Hyderabad. The whole master plan of 100 acres has been submitted for approval to GHMC in May 2016.
Hinduja Estates will invest around Rs 3,500 crore in the township project, which will house residential and commercial complexes.
A part of the deal with GHMC for permissions, a 100 ft road has also been laid bang in the middle of the land connecting NH 9 to Rainbow Vistas at the back of Gulf Oil compound. This road is now ready and the company is awaiting stable market conditions to announce the project. The raod is seeing heavy traffic and the company is expecting 85-90 crores compensation from GHMC for the road.
The township will have offices, apartments, IT parks and Malls along entertainment and maybe hospital as well.
Check this presentation for what to expect...
http://www.hindujarealty.in/images/hrvl-presentation02.pdf
pg 21 to 25
Hinduja Estates will invest around Rs 3,500 crore in the township project, which will house residential and commercial complexes.
A part of the deal with GHMC for permissions, a 100 ft road has also been laid bang in the middle of the land connecting NH 9 to Rainbow Vistas at the back of Gulf Oil compound. This road is now ready and the company is awaiting stable market conditions to announce the project. The raod is seeing heavy traffic and the company is expecting 85-90 crores compensation from GHMC for the road.
The township will have offices, apartments, IT parks and Malls along entertainment and maybe hospital as well.
Check this presentation for what to expect...
http://www.hindujarealty.in/images/hrvl-presentation02.pdf
pg 21 to 25
New Aparna projects - Mid market Category - Hyderabad real estate
Aparna is going to launch a new project called Parnika (Villas) and Elina (Apartments) on the road connecting Botanical garden to HCU. It is closer to HCU Bus Depot after Maseed Banda Village. Aparna has another project by the same name Elina in Bangalore as well. The 30 acre venture is ready for launch. The model house and marketing office are ready near the Sutherland BPO office behind Indian Immunologicals and close to RV Panchajanya.
Aparna is planning another project called Cyber Life in Nallagandla. It will benefit from the developed infrastructure and liveability as it will finish only in 2018. It surrounds the Citizens Hospital.
Aparna is planning another project called Cyber Life in Nallagandla. It will benefit from the developed infrastructure and liveability as it will finish only in 2018. It surrounds the Citizens Hospital.
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