Horizons Volume 2
ANDHRA PRADESH REAL ESTATE DEVELOPERS ASSOCIATION
A P ’s
m o s t
Issue 6
Rs.50
c r e d i b l e
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August-September2012
e s t a t e
m a gazine
Realty is the best bet
‘Builders should cater to all segments’
Giving the ‘green look’ to a parking lot Choice Properties On Offer A Holiday Destination for you “Microsoft Surface”.
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Directions hold the key in vaastu Major changes in building regulations
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APREDA shows the way
stablished in the year 1995, the Andhra Pradesh Real Estate Developers’ Association, popularly known as APREDA, is a shining star in the realty sector in Andhra Pradesh. Assuming the industry’s stewardship, its products and promises, APREDA today has a majority of leading builders and developers as part of its over 400 strong membership. It has branches/associates in Vizag, Vijayawada, Guntur, Kakinada and Tirupati. Over the years, APREDA has emerged as an effective, selfregulatory promoter body of the real estate industry in Andhra Pradesh. In tune with the times and in keeping with the spirit of the city, APREDA’s vision is to make Hyderabad a ‘smart city’ and AP a model state for real estate development. Committed to improving the quality of the built environment and to bring in more informed decision making practices, APREDA has been organising conferences and property shows to make the public aware of the products, numerous offerings and various options from the real estate industry in the State, more particularly in the twin cities; all under one roof. The first APREDA Property show 2010 was conducted on October 30-31, 2010, at HITEX and was a huge success with about 20,000 home seekers attending the event. The highprofile show was inaugurated by then Chief Minister of AP K. Rosaiah. This show was the harbinger for other events to be showcased. This success was replicated in the year 2011, when the second property show was organised on October 15 and 16, 2011. The property show was inaugurated by N. Kiran Kumar Reddy, Chief Minister of Andhra Pradesh. This time around, APREDA had over 150 properties participating. Despite the fact that the exhibition was conducted during a season of political unrest, it attracted over 40,000 visitors. Conservative figures indicate that about 1,500 booked properties during this two-day event. The APREDA property show has become a benchmark for all other property shows in the city and is undoubtedly the biggest event in any year. For the third year in succession, the property show is being organised at HITEX on November 10 qnd 11, 2012. Booking of stalls for the Property Show is in full swing. We look forward to real estate companies, suppliers of building materials, interior products and associated goods participation in the property show and also extend an early welcome to the public requesting them to note the dates, 10-11 November 2012, for AP’s biggest property show.
Have money, will invest on land -Page 10 From the news pages & sites -Page 6
Major changes in building regulations -Page 66 ‘Builders should cater to all market segments’ Page 18
Giving the ‘green look’ to a parking lot -Page 22 ‘I get positive vibes from here’ -Page 28
Printed, published by P. Prem Kumar on behalf of AP Real Estate Developers Association, owned by AP Real Estate Developers Association, printed at Paper Craft Center, 2-3-514/4, Umanagar, Ameerpet, Hyderabad, A.P. Published from AP Real Estate Developers Association, # 102, Tirumala Shah Apartments, Yellareddyguda, Ameerpet ‘X’ Road, Hyderabad, A.P.- 500 073. Tel: 65572184, 9989844467 email: apredahorizons@gmail.com web: www.apreda.org Editor: Chalapathi Rao Rayudu, RNI. No. APENG 03278/01/1/2011-TC
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A retreat for the President -Page 38
Leasing, rents remain stable in Hyderabad -Page 32
Microsoft to unveil a wonder tab -Page 40
the ups and downs of lift etiquette -Page 42 Directions hold the key in vaastu -Page 48 Dance your monsoon blues away! -Page 50
Horsley Hills quaint hill station beckons -Page 44
Designer lighting is the maNtrA -Page 51 Real Estate on Offer -Page 54
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News
From the news pages & sites... BPS backlog applications to be cleared in 3 months
Property-owners whose Building Penalisation Scheme (BPS) applications are pending with the Greater Hyderabad Municipal Corporation (GHMC) and Hyderabad Metropolitan Development Authority (HMDA) can get the same cleared now. The Municipal Administration and Urban Development (MA&UD) Department on July 13 issued a memo to GHMC, HMDA and other municipalities in the State giving them three months to clear pending applications. This move is expected to benefit about 40,000 applicants. Officials said that the processing of BPS applications was stopped on December 31, 2010 due to which over 27,000 applications with GHMC were put on hold along with another 10,000 which HMDA had received. A bulk of the pending BPS applications are in the East Zone in circles like LB Nagar, Kapra and Uppal with about 6,600 applications followed by North Zone circles of Secunderabad, Malkajgiri, Alwal and Qutbullapur where nearly 5,600 applications are awaiting clearance. The rest of the pending applications are for Central Zone areas like Khairatabad, Abids, Himayathnagar, West Zone areas like Serilingampally, Kukatpally, Gachibowli and South Zone areas, Old City and Malakpet included. Officials said that most applicants have either made partial payments on their penalty amounts or are those who are yet to submit documents like structural stability certificate and urban land ceiling clearance which are required for final approval. Over 2,000 high-rise building applications require a No Objection Certificate (NOC) from the fire services department.
with strong focus on technology, efficiency, skills, a strong delivery mechanism, community development, infrastructure development and adoption of green practices” said Mr. Anshuman Magazine, Chairman, Realty 2012 & CMD, CBRE South Asia Pvt. Ltd. “The companies which do not concentrate on these factors will find it difficult to sustain in the long run”, he added. “It is disheartening that real estate sector which is linked with 300 industries directly or indirectly, provides employment to 50 million people and contributes 17 % to India’s GDP is still to get the industry status for itself. Hence there is a dire need to change the perception about the real estate sector and enhance its credibility in the eyes of all stakeholders, including consumers, government, banks, the RBI and the regulatory bodies. And this would happen if and only if we deliver what we promise”, said Mr. Sachin Sandhir, Managing Director, South Asia, RICS.
Slowdown not a dampener for realty: Anuj Puri
Industry status sought for realty at CII conclave
On the challenges faced by the realty sector in 2012, Jones Lang LaSalle chairman and country head Anuj Puri says: “2011 was a landmark year with record construction and leasing out of spaces in both retail and office space and growth in the residential space. “Absorption rate was strong and upward swing was in process. With the economic downturn, 2012 has become a sort of reality check and supply has been going up, but absorption has come down. The
“Real estate sector’s development is the development of the whole country”, said Dr Sudhir Krishna, Secretary, Ministry of Urban Development, Government of India, while addressing the industry at the 8th edition of Realty 2012, organized by Confederation of Indian Industry (CII) Northern Region, at Delhi recently. All basic amenities in the urban areas like water, solid waste management, transport system can be profit making, so Public Private Partnership (PPP) in the urban areas should be encouraged, he further suggested. “Historically the unorganized and fragmented real estate sector in India is slowly evolving into an organized sector
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News scenario is less predictable and this is a great challenge. This challenge however is also an opportunity.” He further said there was a need to increase transparency to improve investor and buyer confidence, work towards easing out of regulatory framework and increasing and developing skilled manpower.
from sectors such as BFSI which were absorbed, especially after a revision in RBI policies that were welcomed by certain domestic sectors.”
Private equity investors not disheartened by slowdown
Office absorption down by 21% in 2012 first half
Private equity investors continue to put their faith in India’s real estate sector, despite a slowdown in home and office sales across cities. Property advisory firm Cushman & Wakefield said during the Jan-Mar 2012 quarter, PE investments in the sector more than doubled from Rs 1,060 crore a year ago to Rs 2,100 crore, and was 26% higher than Rs 1,670 crore the previous quarter. The average deal size in development projects also increased from Rs 80 crore in Q4 2011 to Rs 190 crore in Q1 2012. “Close to Rs 15,000 crore worth of private equity deals are in the pipeline today and are expected to be concluded over the next 12 months,” says Sanjay Dutt, executive managing director, South Asia at Cushman & Wakefield. “There are many funds, independent investors and institutions, who are seeing the current depressed market as an opportunity, as valuations are very attractive.” The opportunity is such that the first-quarter of the current financial year has seen five deals worth over Rs 1,500 crore being concluded by foreign investors. In 2012, around 80% of the investments in the sector came from foreign funds compared to just 50% in 2011. Some of the big-ticket transactions that were concluded during the quarter included Rs 464.6-crore investment by Morgan Stanley in Sheth Developers’ group housing project, IL&FS Investment Managers’ investment of Rs 200 crore in Indiabulls Infraestate and Rs 310-crore investment by Kotak Private Equity in Sunteck Realty. The residential sector continued to be the preferred assetclass for investors due to relatively easier exit options. This segment saw the highest number of deals announced in the first quarter of 2012, totaling to Rs 800 crore, followed by office and mix-used developments. Ascendas India Development Trust, the India-focused real estate fund floated by the Singapore- based office space developer, is looking to further entrench its presence across Mumbai, Hyderabad, Bangalore and Chennai. “We are looking for incomplete and fully-finished office space projects to deploy funds. There is enough opportunity as distressed properties are coming into the market,” says Thomas Teo, chief executive of Ascendas India, which has acquired two operating buildings in Hitech City-2 Special Economic Zone in Hyderabad from Phoenix Infocity for Rs 176.5 crore.
The first half of 2012 recorded total absorption of approximately 13.4 million sq ft of office space in India registering a decline of 21 per cent compared to same period last year which was 16.9 million sq ft. Bangalore witnessed the highest absorption in the first half of 2012 at 3.01 million sq ft followed by Mumbai with 2.78 million sq.ft, according to the latest office market report from real estate consultancy Cushman & Wakefield. NCR on the other hand saw the highest decline of 53 per cent in absorption in the first half of the year compared to same period last year. It recorded absorption of 1.35 million sq.ft vis-a-vis 2.9 msf in 1H 2011. Bangalore also saw a significant slowdown of nearly 46 percent over 1H last year even though it registered the highest quantum of absorption, while Chennai recorded a slowdown of 12 percent. This slowdown in demand is due to cautious expansion plans from IT/ITeS sector as majority of demand in these cities is driven by the sector. However, Mumbai (19 per cent) and Hyderabad (five per cent) bucked the trend and showed an increase in absorption, compared to the same period last year. Total office space supply registered in 1H 2012 was 16.2 million sq ft, reduced by eight per cent over the same period last year. Bangalore witnessed the highest addition of office space supply which was over 4.1 million sq ft followed by Mumbai which witnessed 3.6 million sq ft. Sanjay Dutt, Executive Managing Director, South Asia Cushman & Wakefield, said “The first half of the year has seen decline in office space leasing which is indicative of a cautious approach from the occupiers given the downward revision on the GDP outlook for the year.” “However, there were some pent up demands
HORIZONS AP’s most credible real estate magazine
Development charges hiked steeply in HUDA, HADA areas
The Government of Andhra Pradesh has abnormally
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News the suggestions made by the committee, an official spokesman said. A joint inspection of municipal and tourism officials will be taken up. The APCPDCL will be involved in shifting of transformers, electric lines and cables near the monuments. Landscaping will also be taken up near the tombs for presenting a better façade, he added.
revised the development charges by 75 per cent in the extended areas of the erstwhile Hyderabad Urban Development Authority (HUDA)/Hyderabad Airport Development Authority (HADA) areas. The Municipal Administration and Urban Development Department (MAUD) issued orders on July 12 permitting the Hyderabad Metropolitan Development Authority (HMDA) to hike the charge by 75 per cent. The government issued the order following a letter by the HMDA Metropolitan Commissioner in March this year that the extended area of HMDA was witnessing rapid development and the activities needed to be encouraged. On the other hand, the financial position of HMDA was precarious and development charges were the only source of regular revenue to the authority to take up development works and therefore have decided to levy 75 percent of the charges as specified i G.O.Ms.No.439, MAUD, dated. June 13, 2007 in the extended area of erstwhile HUDA and HADA urisdiction. In February 2009 the government reduced the development charges to 25 per cent of the prescribed charges as a temporary measure since the areas were newly extended and added to erstwhile HUDA area in 2007 and there was a slump in the real estate sector then.
World heritage status sought for three historic sites in AP
India gets first mortgage guarantee entity The National Housing Bank (NHB) recently announced the formation of an Indian Mortgage Guarantee Company, a joint venture with US-based financial security company Genworth, the Asian Development Bank and the International Finance Corporation. This is the first mortgage guarantee company in India. Its aim is to offer credit risk coverage in the form of guarantees to housing finance companies and banks in case of defaulting borrowers. This would help mortgage lenders avoid piling bad debts in their books. NHB holds 38 per cent stake in the venture and Genworth 36 per cent, while ADB and IFC have 13 per cent each. The initial paid-up capital is Rs 120 crore, to be increased over time to support the new company’s growth. “We have received the Foreign Investment Promotion Board’s approval and will be applying to the Reserve Bank of India for registration in a couple of days,” said R V Verma, chairman and managing director of NHB. IMGC will be a purely commercial venture. The company will begin marketing operations and develop internal operational policies before it gets registered with RBI. The company will have processes for approving lenders and housing loans for guarantee cover and help in maintaining the asset quality of lending institutions. “Adapt-
The State government has filed papers through the Union Government for declaring Charminar, Golkonda and Qutb Shahi Tombs as World Heritage sites by UNESCO, GHMC Commissioner M.T. Krishna Babu said on Monday. A selection committee of UNESCO had inspected these historic sites and had suggested removal of encroachments and unauthorised constructions near them as these were obstructing the view. The panel had also suggested uniform signages at Pathergatti near Charminar, he said. The municipal corporation was ready to bear 50 per cent of the cost with the rest being borne by the shop owners, he informed Tourism Commissioner Rajath Kumar when they met at the head office to discuss implementation of
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News is above 24 metres and up to 30 metres, the front setback should be four metres for above 200 sq metre and five metres up to 300 metres. There are no major changes in setbacks for plots above 300 sq metres. In this GO, a new category of plot size less than 50 sq metres has been introduced for the benefit of the lower income group, where there is no need of minimum setbacks on remaining sides of a building. Officials said there was no clarity on some issues such as the transfer of setbacks and environmental impact assessment. The provision of transfer of setbacks were made in the earlier GO for making minor modification in the buildings for the purpose of Vaastu, but a majority of owners and builders have been exploiting and violating the rules, a senior official of the MA&UD Department said. HMDA to auction plots A total of 42 plots located in different parts of the city are up for grabs and the Hyderabad Metropolitan Development Authority (HMDA) is hoping to generate around Rs. 120 crore through their auction. The auction schedule provides the option of both online bidding and submission of sealed tenders with the last date for bidding being August 7. Interested bidders would have to deposit 10 per cent of the total plot value as earnest money deposit and bids would be opened on August 8. HMDA Commissioner Neerabh Kumar Prasad said the plots were located at Nallagandla, Tellapur, R.C.Puram, Gopanapally, Miyapur, Asifnagar and Nandagiri Hills. Those preferring to participate in e-bidding have been provided with facilities to upload necessary documents and also online transfer of the EMD. Successful bidders, with certain conditions, would be given 90 days to take care of complete payment. “This time, we are providing all relevant details such as dimension of plots, facing, access road width, setbacks and height restrictions on our website and there is a FAQ column with a dedicated email for queries,” said Mr. Prasad. NRIs making bids for these plots would have to provide details about their authorised representative here. In case of more than one bid made with same amount, an auction would be held to declare the successful bidder. Mr. Prasad assured that the unsuccessful bidders would be returned their EMD within two working days after the opening of the bids. According to a new provision, the second and third bidders in the list could opt to keep their EMD with the HMDA and be in the contention if the first successful bidder fails to make payment in the prescribed time limit. Nandagiri Hills plot measuring 4.695 acres has been put for auction at an upset price of Rs.18 crore per acre as against Rs.23 crore per acre which failed in last auction. The Metropolitan Commissioner said the idea of breaking it into smaller pieces was not found feasible by the engineering team. Mr. Prasad also made it clear that the plots came with a clear title and a team of officials from town planning, engineering and revenue went through each of the plot to verify and inspect all aspects.
ing itself to the Indian context with a range of customised products for the lending industry and borrowing community, the company will operate under the regulatory jurisdiction of RBI,” Verma told Business Standard. IMGC is expected to focus on residential mortgage-backed securitisation and growth of the secondary mortgage market. Thomas Davenport, IFC Director for South Asia, said the new company will help expand access to affordable housing finance across income segments and regions. Several States oppose real estate bill The Real Estate (Regulation and Development) Bill drafted by the Union Ministry of Housing and Urban Poverty Alleviation is facing strong resistance from Uttar Pradesh and Chhattisgarh, which say that several provisions of the bill will allow the Centre to infringe on the States’ rights. They say that the Centre cannot make a law for the sector as land is a state subject. West Bengal and Tamil Nadu have not submitted their opinions so far, while some states have sought more clarifications from the Centre on the bill. The Centre, which had planned to introduce the bill in the budget session of Parliament, has held meetings with the States and urged them to submit their opinions at the earliest. The Centre has allayed fears that it will impinge on the States’ rights. The Centre hopes that the bill will be placed in the monsoon session of Parliament. The bill, which was first mooted in 2009, was redrafted last year after some States sought major changes. Even after modification, resistance from some of the big states like Uttar Pradesh may lead to further delay of the bill, an official said.
Minimum setback rules revised
In a major relief to people who want to construct houses in plots measuring up to 300 square (sq) metres, the Municipal Administration and Urban Development (MA&UD) Department issued a GO bringing in amendments to building rules applicable in the entire State. Also, new buildings with a maximum height of 15 metres are permitted in Banjara Hills and Jubilee Hills, where special regulations are in place. With changes in front setbacks, property owners and builders would now get more built up area. Until now, front setbacks were teh same irrespective of plot size. As a result, property owners had to maintain a minimum three metres front setback for a 50 sq. metre plot as well as a 400 sq. metre one. Now, as per the new GO, for plots of less than 200 sq. metres, the owners have to maintain 1.5 metres front setback for a building that might come up on an 18-metre wide road. If the road width is more than 18 metres and up to 30 metres, the front setback should be three metres. For plots between 200 and 300 sq metres, the minimum front setback is two metres for buildings that come up on a road up to 12 metres width and it would be three metres for 12 and 24 metre road width. If the abutting road width
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Have money, will in Someone’s sitting in the shade today because someone planted a tree a long time ago _ Warren Buffett
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ooking into the morrow has always preoccupied human minds since ages. After he has had enough to eat, wear and use, he has the tendency to stash away some for the proverbial rainy day or the dark night. Now, this phenomenon over the years has taken myriad forms hues and textures. Call it investment, speculation, acquisition, consolidation, expansion, diversification or simply put profit-driven initiative or give it any other name, we all love to indulge in it. After all, one feels elated on seeing their money grow and ultimately growth should be a way of life, isn’t it? The advent of the market economy has made this phenomenon more pronounced. People put their money on the share market, in bullion, on land
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and real estate, foreign exchange, and now art, race horses and antiques too so that they would like their money to reach meteoric heights in the shortest possible span of time. Fair enough. However, in a world which is in the throes of far-reaching and often swift, and uncertain political and economic changes, speculation is not only fraught with risks but can be ruinous too. History has shown that man has an abiding fascination for land. A popular saying suggests that the best investment on earth is earth. There have been major upheavals, fratricidal wars, long simmering conflicts that have ceased to stop for decades together – all due to tensions over land. Land is a tangible asset and is there for ev-
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nvest on land eryone to see, feel and savour. This, somehow, holds a special fascination for the human race. In India, as in most other nations, land has had a consistent social tag to it. It brings great prestige, value and also credibility to the possessor of land. All conflicts revolve around this asset called land. The moment anyone talks about property, assets, etc., the first question that pops up is; how much land does he or she have? And when we talk about prestige and social standing could land be far behind in the investment stakes? Land somehow has that special feel to it that makes any eager investor look up. Now let’s size up land as a safe, risk- free investment option. Most popular According to an assessment, land
has increased in value by over 800% over the last two decades and remains one of the most popular forms of investment. Historically, buying land has been restricted to large development companies, farmers and wealthy individuals. A residential-sized plot of land would allow buyers to share any future development gains without the need to buy large tracts as a developer would. The simplicity and transparency of land investment has gained many followers. There are no complicated concepts that purchasers need to understand, just that there is an ever-increasing demand for land. Buying land is far simpler and quicker than buying property, although you would still be recommended to use a solicitor to protect your interests.
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Unlike stocks and shares, the buyer of land will always have a tangible investment he or she can touch and use. Furthermore, due to its limited supply and demand, one can also be rest assured that land values will almost always be on the rise, having already increased eight fold in value over the last 20 years. Traditionally, investment in land was only available to elite businesses, farmers and wealthy individuals, however today it is available for investment by normal income earners too. Land agents as they are called acquire land from sources and then sell it on to customers in the same sort of way an estate agent sells houses. Some land agents also specialize in selling land to long-term investors, which is usually near sites which are
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Cover Story undergoing or about to undergo development, so may soon see planning permission! Simple and transparent Land investment is very simple and transparent with no complicated matters to go through, and there is a constant demand for it. For instance, stocks and shares are not physical but land is a physical thing which is there in front of your eyes. After any land investment is completed the new land owner has control over maintenance, planning permission and the future sale of the land. Any investor willing to buy, or invest in some land will obviously wish to see the land first and know everything they can possibly know about it before going any further. With that in mind it is a good idea to maintain your land... the location, development costs and community attitudes will also have a big say in future land value. So, location is very important for the future value of the land. Land that is near a large developed way that connects two towns will almost certainly increase in value! Usually the closer your plot is to a major road or town the higher the value of the land. The direction of growth is very important in deciding which plots of land are most valuable, so buying land in a neighbourhood that is to be developed will provide a bigger profit to an investor. Importance of timing Timing is key to all investments; how-
ever let’s not forget that land is a longterm investment. Also, most land does not produce regular income. Many investors get around this by leasing the land for allotments, tenant farmers, parking or even a used car lot! This can generate some money while you wait for your land to increase in value. It is very clear to see why in-
chase proposal. For maximum future returns, it is important to make one’s investment while entry costs are low. Location is equally important if one wishes to buy land to use in a retail venture or a manufacturing unit, since such ventures are dependent on the immediate access to a customer catchment and manpower sources. Things to keep in mind while buying land
vesting in plots of land is becoming an increasingly popular alternative investment! Checklist for purchase of land Here’s a checklist for those putting their money on land. Depending on which city one has chosen, it is possible to identify the future location of scheduled infrastructure projects, educational institutions, hotels /resorts, townships, residential and business complexes. Inquire into the legal status of the land and establish if it is for sale. Locate the owners and make a pur-
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The piece of land may be under litigation or may be earmarked for a government project. It may be categorized as forest land or can be in a coastal regulation zone. It may also lack basic facilities such as water and power supply, or fall in a politically or socially challenged sector. It may also be in a zone notorious for encroachment. Any or a combination of these factors can subtract from or nullify its investment potential. All negative possibilities should be covered before the purchase. One should also consider the total cost of acquiring the property, whether the space the land provides is adequate, what other businesses are active around the site, transport options, shopping etc. and the history of the site. Documents to be checked in land purchase 1) The title deed (a legal document proving a person’s right to the prop erty). 2) The encumbrance certificate
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Cover Story
(which proves that the land is not under some sort of legal dispute). 3) The release certificate (in case the land was previously pledged to someone else). 4) The surveyor’s report (to establish its exact dimensions). 5) If the owner is an NRI, the power of attorney that gives his representative the legal rights to act on the NRI’s behalf. Profitability Profitability depends entirely on one’s choice of the location, the entry level (cost of the property) and one’s holding capacity. The market in most known growth sectors will improve within 2-3 years,
so the holding period should be at least that long. Depending on the location and its current and future market dynamics, it may be feasible to shorten or extend this period for optimum profitability. In a growth sector with new market drivers coming in, a plot of sufficient dimensions makes a lot of sense since it has equal potential for developers from the residential, retail, office and hospitality sectors. As an area attains more or more market drivers and begins to saturate, plots increase in value manifold and can be sold in a seller’s, not a buyer’s market. Best locations for buying land in the current scenario
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Every metro and tier II city has its growth corridors. In terms of residential land, one should consider areas beyond the currently favoured residential zones (such as the suburbs or far suburbs) that are scheduled for residential development in the future. Aside from the tourist and religious hot spots and the capital of our State, tier-II cities too hold out great promise for those looking to invest on land. A recent report by the Institute or Competitiveness suggests that Vijayawada leads the list of “Developing cities” and the port city of Visakhapatnam, along with Vijayawada, has been included among “India’s 20 most promising cities.”
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Cover Story Real estate and returns Real estate funds have been investing in India for more than six years. They started investing in the Indian markets after the release of Press note 2 in 2005 which opened up construction and development for FDI. Institutional investment in real estate was
on a roll. Many of these funds who invested at that point in time are now heading for maturity and are exiting their prime investments. Foreign funds who invested in Indian markets found it much tougher to operate, compared with their Indian counterparts. According to a report by Jones Lang LaSalle, out of the $13 billion invested in the real estate sector, about $3.2 billion of exit has been recorded through 80 transactions. In general, the returns to investors have been satisfactory. Indian real estate (RE) investors have returned around 24% of the capital invested. This performance, considering the global investment scenario, looks satisfactory as the global average for RE investors in terms of returns works out to around 4.5%. Meanwhile, if land has its own attractions, residential flats and commercial spaces in the metro cities have come to gain acceptance as a stable form of
investment, what with attractive rental income and rising demand due to the ever-increasing space crunch. Real estate has the highest share in terms of value The majority of exits have happened in the residential segment followed by
commercial office segment. Here it must be noted that post the financial crisis investors have mainly concentrated on the residential space, compared to office space and this call has reaped higher returns. Institutional Investors have realized that residential space
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is not much affected by global factors. The residential segment has remained resilient throughout the financial crisis in most of the tier I and tier II cities resulting in good returns. Thus, 46% of the exit for RE investors has taken place through the residential space. These investors also made heavy exit through land parcels which accounted to 22% in terms of asset class. It is interesting to note that land is the only asset class that has given the highest return to investors. Mumbai and NCR-Delhi together account for nearly 72% of the total value of PE exits. These are areas that are on the radar for all the new funds because of the predictability of demand and ease of exits. Land has turned out to be the best form of investment Typically, for any PE fund manager the biggest parameter for any investment happens to be exit and liquidity. According to estimates, more than 69% of the total exits have happened through promoter buybacks both in value as well as the number of transactions which are more prevalent in commercial spaces. In the forthcoming issues of Horizons we will look at other attractive investment options for individuals.
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Rules & bylaws
Major changes in building regulations
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ollowing are a slew of Government Orders (GOs) issued by the Government affecting the real estate sector. The Department of Municipal Administration and Urban Development has issued Andhra Pradesh Building Rules, 2012, on April 7, 2012, in the form of G.O. Ms. No. 168. It covers aspects laid down in 19 GOs issued earlier. The rules apply to all building activities in all municipal corporations, municipalities, nagar panchayats, areas covered by the urban development authorities, gram panchayats covered by master plans, general town planning schemes notified under the AP Town Planning Act, 1920 and Industrial Areas Local Authority (IALA), Special Economic Zones (SEZs). All existing rules, regulations and byelaws that are in conflict or inconsistent with the new rules shall stand modified to the extent of the provisions of these rules. A detailed scrutiny of the G.O while comparing it with the earlier building rules shows that approximately 70 variations have been incorporated in the new G.O. The salient aspects of the new G.O pertain to the following:a. Environmental clearance is required when the built-up area exceeds 20,000 sq.metres or the development area exceeds 50 hectares. b. Regulations to maintain special characteristics of Banjara Hills and Jubilee Hills areas of Hyderabad have been continued with some modifications. c. When all owners of sites on a particular road come forward for road widening, permission for construction can be given on the revised road width. d. Parking spaces may be provided basements, cellars or in upper floors depending on plot size. e. In the stilt floor watchman’s room of up 25 to sq. metres has been allowed. f. A stringent enforcement clause including imprisonment has been incorporated, if the construction or develop-
ment is done in contravention of the rules. g. A proposal to constitute a Town Planning and Building Tribunal and a building ombudsman has been made. h. Other notable salient features pertain to:I. Restriction on development and construction near water bodies. II. Changes in the setbacks III. Rules governing construction of high-rise buildings and multiplexes. IV. Changes in special fee, impact fee and concessions in property tax for structures adopting green concept. V. The penalty for deviations has been linked to the registration value of the land on which the construction has taken place. APREDA has made comprehensive comments on the new G.O. and has taken up a case for reviewing the G.O. Some of the points taken up by APREDA are:a. Setbacks on plots abutting more than one road should be as per provisions given in G.O 86. b. When a person surrenders his land free of cost for road widening his plan must be approved as per the Master Plan road width. c. The compounding fee for sanction of plans under G.O. 86 must be charged as per rates laid down in G.O.86 and the new rates should be made applicable only to those plans sanctioned under G.O. No.168. G.O.Ms.No.393 dated 19.06.2012 The government vide a gazette notification No.16 of 2012 has reduced the Conversion Charges of Agricultural Land to Non Agricultural proposes from the existing 10% to 5% of the basic value of the land. This reduction, however, is applicable to areas under GHMC, GVMC and VMC alone. For other areas, the rate has been reduced from the existing 10% to 9%. The government has also exempted lands used for aquaculture, dairy and poultry
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from these conversion charges. G.O.Ms.No.356 dated 30.06.2012 Provision of EWS and LIG housing in all housing projects. The government has revised the notifications issued under G.O.No.45 with the issue of G.O.No.245. The salient features are given below:a.In group housing projects of extents of more than five hectares, 10% of total built-up area or 25% of the number of units will be provided for EWS/LIG. The builder will be exempted 10% of impact fee and total exemption for area covered by EWS/LIG units. b.In the case of GHMC, GVMC, VMC the EWS/LIG units can be provided within the site or 10 km from the site or 5 km from the municipal limits. Similarly, in urban local bodies, these can be provided 5 km from the site or within 5 km from the municipal limits. c.In case of projects more than 3,000 sq. metres and less than 5 acres the specified shelter fee shall be collected for 20% of the total site area. d. Projects below 3,000 sq. metres are exempt from reservation of built-up area for EWS/LIG as well as from payment of shelter fee. e. Separate guidelines will be issued by the government for identifying the beneficiaries of these EWS/LIG units and the procedure for their disposal. G.O.Ms.No.275 dt. 12.07.2012 The government vide G.O.Ms.No.439 dated June 13, 2007, laid down the developmental charges which are required to be paid in the erstwhile HUDA and HADA areas. A concession for levying only 25% of the charges has been made vide G.O.Ms.No.118 dated February 2009 due to recession in the real estate sector. Now the government vide their G.O.Ms.No.275 dt. July 12, 2012, has increased these charges to 75% of the rates specified in G.O.No.439. This in effect would mean a threefold increase in the development charges currently being paid. G.O.Ms.No.251 dt 03.07.2012 The last date for submission of applications for LRS (Layout Regularization Scheme) has been extended till Sept. 30 2012 vide G.O.Ms.No.251 dt 03.07.2012.
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tete-a-tet
‘Builders should cater to all market segments’
The LIC and the LICHFL are both key players in the housing finance sector in Andhra Pradesh. We bring you an interview with the LICHFL regional Manager on the current market situation in the State
Mr. T R CHOWDARY, REGIONAL MANAGER LICHFL
Q. How was your journey with the LIC? A. I’ve spent 33 years in LIC and currently I have come to LIC Housing Finance. I can say my journey in LIC was quite successful. The corporation has given me opportunities to work across the country in different parts of the country in different capacities and it has given me an opportunity to interact with different sections of society, in different cultures so that I could get a broad understanding of our country and its financials. Q. Now you have come to LICHFL. How is it different in LICHFL? A. I don’t find much difference between LIC and LICHFL because both are linked to the economy and financial markets. A housing loan is not a new thing for LIC because you may be
knowing that before the LIC Housing Finance Limited was formed, housing loans were being given by the LIC. It was a major and important department in LIC. To give more trust to this segment we have carved out a separate department. Even after carving out a subsidiary, our employees’ loans and our agents’ loans are still being given by LIC. Therefore, the subject is not a new thing for me. It is only that the scales of operations are different. Here it is a full-fledged operation whereas earlier it was a part of the other activities. Q. What are the challenges you are facing to be in competition with private organisations? A. To be precise, we don’t take it as competition or as a challenge because every organisation will have its own
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philosophy, its own way of moving in the market. Everybody has their own place in the market. I don’t take it as competition or a challenge. We have our own market, we have our own segment of the market and we are quite comfortable in handling it. Q. What is the sector that you are targeting in allocating loans? A. Predominantly, our loans are targeted at the middle class and the upper middle class segments. That is a segment which we are handling. As on date we are very much prevalent in these segments and more so in the employee sector. Q. What measures do you suggest to recreate the boom in housing activity across the State and give a boost to advancement of loans for this purpose?
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Rachna Gupta
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tete-a-tet A. To recreate the boom in housing, the first thing is market segmentation, which is very important. The builders should cater to all market segments. They should design projects in such a way because there is a rich class of customers, there is an upper middle class and then the middle class. These are the three clear segments in the market. So the builder should have a specific approach to these segments and he should design projects in such a fashion so as to cater to these segments separately. That is one thing which has to be ensured. When you design the projects in such a fashion, automatically the strategies will be different, the quality will be different and definitely the handling will become very easy instead of having a mix. The second aspect is the quality. There should be no compromise in the basic quality of the construction. Because, when purchasing a house, a person is making a lifetime investment. For a common man, it is a dream to have his own house. So the basic quality should not be compromised in any way. This is another thing that should be ensured. The next is the timeframe, which is also very important. Adhering to the timeframe by all means is also important. If any inordinate delay is caused, the customer gets dissatisfied. These three aspects are very important and if these three are taken care of, I am confident that definitely the housing activity will have a lot of potential in the coming years and in the future. Q. Is LIC penetrating the rural and semi-urban markets? A. Semi urban markets are a definite yes. Because when it comes to Andhra Pradesh, we are operating in 14 centres apart from Hyderabad and Secunderabad. This shows that we are fully covering the semi-urban market. As far as the rural market is concerned, it has its own implications and means going deep into the rural
markets. The LIC has its own policy about looking after the interests of its investments and the interests of the investors. Also the factor of affordability is also very less in the rural sectors. This is why we are not going into deep rural areas but the semi urban areas we are covering adequately. Q. Your partners have cut down on lending in the realty sector? What is the policy of LIC on lending to realty? A. We have not planned anything about cutting down on lending to realty. Definitely, we are continuing our activity. For example, in the current year up to June, we have disbursed 37% loans more than the same period last year. So we are continuing the same activity. We have not cut down on anything nor plan to do so. Q. What is the current share of LIC in the housing market in Andhra Pradesh? A. I do not have any precise figures. We do not have a reliable method in place to get such statistics. I have a fair estimate and it can be around 25%. Q. Any specific relaxations in the lending regulations which you think would enhance demand for housing? A.No relaxation has been planned as of now. Q. Given the LIC’s position as the leader in the field of housing finance do you see your competition from private players closing in? A. I have already covered this aspect. As I said we have our own market segment and do not find any tough competition. Again, every institution has its own methodology or strategy of doing or going into the market. Our approach is always long-term. We do not need to establish or capture any quick market. We do not have any such necessity because we have a brand. LIC is in the market for the last 50
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years and LICHFL is also 20 years old. We always have a steady growth and a long-term strategy. We don’t adopt any shortcut methods to get any quick market share. We always believe in constant and continuous market strategy. Q. Are there any sops being planned for the new home buyer? A. We do not plan any sops but provide complete support to a home loan seeker. Q. Leading a financial institution is a stress-filled job. How do you tackle the stress? A. Stress is always there. I do not get stressed because of my long experience in the financial market. The movement of the market up and down is part of the job. So normally I don’t get stressed so easily. My food habits are very clean and I maintain a healthy lifestyle. This takes care of the major part of my health. And I do a regular morning walk which takes care of my health and the stress part. Q. Can you say something about your family? A. I can say I am blessed with a happy family life. My wife is a housewife. My son is doing his MBA in the US. My daughter is doing her MBBS in Hyderabad. So I can say, I’m quite successful in my family life too. Q. What is the suggestion that you would give to a home loan seeker? A. First and foremost is that the customer interest has to be taken care of by ensuring a clear title. This is very important. When someone comes for a loan to the institution, he is always relying on the institution, even for the title part of the property. This aspect is to be taken care of. And the quality of construction is to be ensured. If these two things are ensured, definitely the housing loan sector has a bright future. Q. How is the realty sector shaping up in Hyderabad? A. The indications now are that it is improving.
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Landscaping
Giving the ‘green look’ to a parking lot
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parking lot is the first part of a space we visit or live next to. It is typically the gateway through which dwellers, customers, visitors or employees pass before they enter a building. Architects and designers often discuss the importance of “the approach” as establishing the tone for a place or as the setting for the architecture itself. Developers talk about the importance of “first impressions” to the overall atmosphere conveyed to the user. A stunning parking lot can be designed if these functions are kept in mind. Modern parking lots need not be monotonous, flatpaved areas with islands. They should be viewed as an integral element of any visitor’s arrival experience. One can eliminate the parking lot’s islands and curbs and plant rows of trees in a dense grid, to create an open, level space under a soft canopy of foliage that welcomes pedestrians as naturally as it does cars. New permeable paving surfaces such as grassy pav-
Parking lots need not be monotonous and boring. Rows of trees can be planted in a dense grid to create an open, level space under a soft canopy of foliage
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Landscaping ers, brick, pervious concrete, stone, or special paving blocks can be used to combat urban storm water runoff. These materials allow rain to soak into the ground through the spaces inherent in the parking lot surface.Most parking lots are viewed as heat islands or heat sinks in urban areas. The heat from paved areas in urban zones has been shown to even have the power to change the weather locally. Paved surfaces contribute to heat islands in two ways. The first is through excessive accumulation of heat. Dark materials and the enclosed canyons created by buildings in urban areas trap more of the sun’s energy. The second cause of heat islands is the low moisture content of paving and
building materials. Such materials are watertight, so no moisture is available to dissipate the sun’s heat through evaporation. By providing trees or other means of shading parking lots, the heat and glare resulting from them can be significantly reduced. An innovative parking lot can be covered with solar canopies so that it could produce energy while lowering heat. Trees not only provide shade in parking lots but also reduce the effects of pollution caused by vehicles. Selecting appropriate trees for parking lots and other paved areas is challenging. Trees with large surface roots that may damage the pavement, and trees with dense canopies that block the penetra-
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tion of light to the pavement, prevent rapid evaporation and precipitation should be avoided. Additionally, trees which litter the pavements with fruit, branches, and big leaves should be avoided. Trees like Alistonia Scholaris and the Indian almond are preferred trees for parking lots.
GEETHA PRASAD BFA (Murals) J.J School of Fine Arts PGD in Landscape and Horticulture (JNTU) M/s Callos Hortus Landscape Designers Mobile: 9246191992
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Events
Events
D iary
Some vignettes of the monthly general body meeting of APREDA held on June 26,2012, at Hotel Aditya Sarovar Premiere, Gachibowli, Hyderabad.
Former APREDA President Mr. M Murali Mohan presenting a bouquet to Mr. Aditya Gowra.
Mr. G V Ravi Kumar, Saket Engineers, presenting a cheque to APREDA for the Property Show 2012.
Mr. P Prem Kumar and Mr. P Dasharath Reddy presenting a bouquet to Mr. Ravi Chander N, Area Sales Manager, Ashirvad Pipes.
Mr. Prem Kumar presenting a bouquet to Mr. N Ramesh, A.P. Head Operations, HDFC.
Mr. P Prem Kumar, President, APREDA presenting a bouquet to Mr. K Srinath.
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First person
My fave nook
‘I get positive vibes from here’
By Ranee . K
Beginning this issue, we bring a column “My Fave Nook” in which celebrities talk about the place they like the most in their home. In the first of the series, Kuchipudi dancer Deepika Reddy talks about her favourite alcove
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he is all poise and grace as she ushers you in with a smile that beams across the gloomy monsoon weather making you cosy as you follow her up the winding wooden free-standing staircase. To your left is that very personal space with just two single sofas facing each other. The same space extends to a curve that houses her treasured books on art, history of performing arts, her PC and double-seater cushioned recliner. Two bedrooms open to this space with the high ceiling that is totally in wood as it stares down at you. There is a classic look about this dome-like ceiling and this is where Deepika Reddy, classical Kuchipudi danseuse, gets her inspirational
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First person moments, to materialize her dreams into realities and translate them on to the stage winning accolades from one and all. “I love my nook there,” she points to the single-seater close to a door that enshrines the puja room. “There are positive vibrations here, I feel them giving me so much inner strength that in turn is an impetus to my creative mind. It is only after dinner and a little small talk with my hubby and kids that I slip into my favourite spot here. I’m not an early riser which goes without saying that I love working late nights. That’s when the house is in peace, the electronic leashes are off, kids are in bed close by, while my husband Shyam is watching his television. The chair near the puja room is my lucky one too. All my choreographies
are born here. The book shelves are just over my shoulder, my computer is a step away just in case I need a reference. My parents are surprised that I do so much research for long hours losing out sleep just to get my new choreography perfect. My passion is my driving force. Your creation is like delivering a baby. There is pain all right but the gain far outweighs everything. As my mind reels out the daruvus (footwork patterns) or the abhinaya (gestural expressions), my maid downstairs would be wondering what on earth am I dancing at that weird hour,” Deepika bursts out laughing. You can’t help joining her, but then you also notice a picture on the wall that looks so apt in its place, you tend to think that everything
Wall art decor is the in thing
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A sample of metal wall art
n cities where space is a premium, how do you make the interiors of a compact home stand out? One way of doing this, without blocking any of the area available, is to utilise the empty surfaces that offer immense potential for making a style statement, namely the walls of your home and if you are so inclined, the ‘fifth wall’ or ceiling as well. Ever since ancient days, wall art design has all the time been a huge blessing and the demand has increased visibly with greater emphasis on uncluttered floor spaces and new materials available. Wall decor can be done in many different kinds of ways using a wide variety of art designs. These days, wall suspensions are also gaining popularity among those who want their home decor to stand out. Striking paintings and murals are a good way to start the concept of wall decor. These are designed and developed with all types of materials like water, oil, charcoal and several others. They appear as ideal
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has a place in this exclusive space Deepika has created for herself. Not being one to get diverted or divert others, she draws my attention pointing out to the high ceiling totally of wood that has been designed with a spatial dimension. You look in that direction and it’s just awesome. The wooden roof wears a classic look. “At times, even in the afternoon, I just lay back and stare at the ceiling, with soft music playing in the background. It is a real stress-buster. My intellect is stirred just looking at the ceiling. I wanted this place and planned for it ever since we began to build this house. After hectic travel I just wait to get back to my space and unwind. And there is no place like home and my favourite spot, my own private place, isn’t it,” she asks as she signs off.
wall hangings that are used in home decoration, so the concept is relatively simple to plan and implement as well. Since there are multiple options available, some even specially designed with particular themes and words or in unique colours and sizes, one can just make a dull home stylish with a few of these for a quick makeover. If you want to take this to a higher level, there are two-dimensional and three-dimensional cleverly designed artworks, which give the appearance of almost emerging from your wall. From racing cars to boats, airplanes to trains, animals to birds, they are a smart way to make your walls come alive with the illusion of movement. This is great for people living alone or a couple with different working hours because the home feels less vacant and empty. Combining furniture and art is another option, which can be explored in room corners. From vases to bookshelves, mirrors to cabinets, there are many such options possible if space permits. You could also plan the overall look using one of these as the focal point and having other items of wall art spread across the rest of the room to create a dramatic effect.
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Pulse
Leasing, rents remain stable in Hyderabad Leasing continued to remain stable in the Hyderabad office market. However, most of these leases were space consolidations, according to the monthly real estate monitor of Jones Lang LaSalle, ‘Pulse’, for July 2012. Vacancy increased at the CBD and SBD, as many occupiers vacated their existing spaces and moved to Hitec City and Gachibowli. Motivity leased space at My Home Hub in Hitec City; Genesys leased space at White House Phase III at Begumpet in CBD and Innoga Solutions leased space in CNO IT Building at Road No. 14 in Banjara Hills in SBD. There were no new office project completions in June. Rents and capital values mostly remained stable. As leasable SEZ space has been quickly decreasing in the city, developers have increased rents in SEZ properties in Hitec City and Gachibowli. Demand for retail space on high streets continued to remain strong during June. Malls witnessed slow leasing activity, while vacancies remained stable as the malls are mostly fully occupied. Samsung, Reliance Retail and Asian Movies were the key retailers that expanded during the month. Rents increased nominally given the growing demand at a few high-street locations. Mall rentals remained stable due to less leasable space. Residential sales continued to improve in the city, although at a modest pace. Three new projects, namely Lodha Meridian by Lodha Group at Kukatpally, Aparna Aura by Aparna Group at Shaikpet, Jubilee Hills and My Home Abhara by My Home Constructions at Hitec City, were launched in June. Rents increased nominally in a few precincts such as Hitec City and Kukatpally. Capital values remained stable across the city, except for projects that were in their final stages of completion. New launches in the market were priced higher than the average market price. Infra sector development The Greater Hyderabad Municipal Corporation (GHMC) has decided to construct a flyover from Road No.12 junction at Banjara Hills to Masab Tank, which will pass through Chacha Nehru Park and provide connectivity to PVNR Expressway. This will ultimately improve accessibility to the International Airport from Banjara Hills and Jubilee Hills.
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Heritage
A retreat for the
President By: Rachna Gupta
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NTACH, which recently chose the gardens at Rashtrapati Nilayam for its heritage award, has a very significant place in the history of the State. It was here that that the erstwhile Hyderabad State was officially handed over by Prince Azam Jah of the Asaf Jahi dynasty to the government of India when it acceeded to the Indian Union in 1948. Rashtrapati Nilayam, also known as the Bolarum residency house, was constructed in 1860 by Nizam Nasir-udDoula. It was used as the residence of the chief military officer of the Nizam’s government in the Cantonment area. After the British entered into an agreement with the Nizam and gradually took
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over the defence of the state, the building was taken over by them. It was then meant to be the country house of the British Resident in Secunderabad. After the merger of Hyderabad with India in 1948, the building along with the entire Bolarum Cantonment was taken over by the Indian Army. Later, the Indian Government took it over and it was renamed “Rashtrapati Nilayam.” Since 1950, it has been used by successive Indian Presidents as their southern retreat during the year end, when the weather is at its pleasant best in Hyderabad. Though not as magnificient and imposing as the President’s palatial residence, the Rashtrapati Bhavan, in Delhi, or the retreat at Mashobhra, Shimla, it surely
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Heritage
Rashtrapati Nilayam, Bolaram, Hyderabad stands as a reminder of the old glory of Hyderabad, holding its own among the well-maintained and conserved buildings. Architectural features The estate is spread over an area of 90 acres –- about 36,000 square metres -compromising a single-storeyed building. The magnificent main retreat has a built-up area of 2,500 sq. metres centrally located in a compound of plush greenery. It has three wings, including President’s wing, family wing and ADC wing. There are 20 rooms and close to six suites, which are the living quarters of the President. Along with the visitors’ quarters the building can accommodate 150 people. It has a dining hall, darbar hall, morning room,
cinema hall, etc. The inner quarters of the President at Rashtrapati Nilayam are not accessible to the public. Visitors can, however, view the dining hall, where 32 persons can dine simultaneously. A meeting hall, the study room and a ‘model’ suite reflect the living quarters of the President. The walls are adorned with the portraits of all the past Presidents who visited the Rashtrapati Nilayam for their winter sojourn. All the rooms are of single-storeyed construction with ‘Madras style’ roof at 20 to 25 feet in height, surrounded by a low level common verandah. A special attraction at the Nilayam is the 50-metre-long underground tunnel that connects the kitchens to the dining hall. It is naturally cool and very well ventilated. Apparently, this was to prevent any possibility of the Nizam’s food being poisoned. The premises also contain a 150-yearold well still used for irrigating the vast lawns of the Nilayam. Another structure of historical importance is the replica of the flag post. The flag post was originally located in the residential complex. The flag post-cum-weather watch instrument, located behind the complex on the north west lawns was erected in 1867. It was here the Prince Azam Jah handed over the reins of administration of Hyderabad State to the Indian Union. However, only a replica is exhibited in the cinema hall in the residential complex. Environment-friendly development For providing the much needed green cover, relief from pollution and promoting botanical diversity, the INTACH Heritage Award for 2011 has been conferred upon the gardens of Rashtrapati Nilayam in the gardens and open spaces category. The premises of the Rashtrapati Nilayam have been developed as an eco-friendly complex which mainly comprises a landscaped garden, beautiful road and landscaping, different seasonal flowering plants, and a number of environment-friendly systems in place such as solar lights, drip irrigation system and percolation pond for efficient and judicious use of water resources.
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Several measures have been taken during the last two years for conservation of rain water at the Rashtrapati Nilayam. Earlier, the rainwater would flow out of the Nilayam premises, but is now collected and conserved, resulting in substantial rise in groundwater level. New water sources such as borewells have been dug and the existing open wells have been developed for efficient irrigation and drip irrigation system at the complex. The herbal garden The sprawling grounds of Rashtrapati Nilayam are covered with beautifully landscaped gardens and plantations. Fruit gardens have been developed on an area of about 35 acres. The ‘Aushadhi’ garden (herbal garden) is spread over 7,000 square metres with over 116 species of medicinal and aromatic plants. These include the sarpagandha, kalabandha, citronella , lemon grass, khus, geranium, coriander, sandalwood , tuber rose, jasmine, kalmegh, tulsi, etc. The herbal garden is the latest addition to the estate and is intended to bring in awareness about the medicinal values of various plants that grow widely in the country and are useful for home remedial cure for a variety of diseases. It is estimated that over 450 varieties of trees, including numerous rare flowering and fruit-bearing species, are to be found in the 35 acres of plantations apart from five acres set aside exclusively for formal landscaped gardens. Gardens with trees of mango, chickoo, pomegranate, guava, amla, coconut have been developed. The perfectly maintained lawns are a sight to behold. Green lawns are interspersed by islands of vibrant colours of Gerbera, Phlox and Petunia flowers durng spring. The garden has also developed annuals, perennials, creepers and shrubs.
(Rachna Gupta is a freelance journalist based in Hyderabad)
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e-world
Microsoft to unveil a wonder tab The ‘Surface’ will be available for sale in Microsoft online stores by Christmas
For those who have not yet purchased an Apple iPad and are not comfortable lugging a laptop around, there is a new product in the offing. Three weeks ago, Microsoft announced its plan to release “Surface” in competition to Apple iPad and its entry into the already cluttered tab market. By the sheer looks of it, Microsoft Surface appears to be a marvel. It is built in a molded magnesium casing and sports a 10.7 inch SD screen. The Pro version will have the new Windows 8 Operating system and is pro-
posed to be built around an Intel Core i5 processor. An affordable cousin will be hosting Windows RT Operating System (Designed to work on ARM Processors. RT standing for Run Time) and will have an Nvidia ARM processor. The tab comes with a cover which when unfolded will double as a touch keypad. A kick stand has also been provided for placing the tab on a table.
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No specifics about its exact release date and price have been given out by Microsoft. The Windows 8 operating is slated for release in October 2012. The industry guess is that the Surface will be available for sale in Microsoft online stores by Christmas. The pricing is going to be comparable or in competition to that of iPad. Some say that the entry level will cost around $299 and the pro version around $499. Those who work more on MS windows and are plannings to buy a tab, it may be worth while to wait and compare this with other tabs on offer. For details visit http://www.microsoft.com/surface/ en/us/about.aspx All about Surface From touch to type, office to living room, from your screen to the big screen, you can see more, share more, and do more with Surface. Create, collaborate, and get stuff done with Office. Explore your world with fast, fluid Windows 8 apps. Discover new music, movies, and games in the Windows Store. Always on the go Surface is thin, light and has a great battery. At 9.3 mm, Surface for Windows RT is just thin enough to still sport a full-sized USB port. Print, share, or charge your phone on the go. Head out knowing that you are ready for anything. Hands off entertainment Surface has a 10.6”, 16:9 widescreen HD Display. Microsoft’s Clear Type HD Display technology delivers a great picture for movies. An ultra-wide viewing angle makes it easy for your friends to share in the vibrant experience. The auto-adjusting screen intensity delivers great visual clarity, indoors and out. The addition of the Micro SD card slot means you can bring your entire movie
August - September 2012
e-world and music collection with you on vacation. Type with ease, get stuff done Some activities call for a keyboard. Surface comes with an integrated Kickstand and a revolutionary, 3mm thin, pressure sensitive cover that doubles as a fully functioning keyboard and trackpad. Your touch cover connects to your Surface with a single magnetic click. Now you can chat with friends and respond to emails comfortably. Capture life from all sides Surface has not just one, but two cameras. Use the front LifeCam to chat with the people that you care about. The rear-facing LifeCam is angled to 22 degrees so you can flip out the kickstand and record meetings and events hands-free. Stereo speakers and dual microphones tuned for Skype help you sound like you are right next door. Protect what matters Surface was designed to be your go-to-device. It comes with a precision crafted VaporMg casing that protects the vital technology inside and leaves a high quality finish and feel.
Market rates
Locality
Microsoft Surface Developer
Microsoft
Type
Tablet computer
Operating system
Windows RT (Surface) Windows 8 Pro (Surface Pro)
Power
31.5 W-h (Surface) 42 W-h (Surface Pro)
CPU
ARM (Surface)[1]Dual-core Intel Core i5 (Surface Pro)
Storage capacity
Surface 32 or 64 GB and microSD slot Surface Pro 64 or 128 GB and microSDXC slot
Display
Surface 10.6 in ClearType HD screen with 16:9 aspect ratio Surface Pro 10.6 in ClearType Full HD screen with 16:9 aspect ratio
Input
Multi-touch screen, Touch Cover, Type Cover Surface Pro Pen with palm block
Connectivity
2Ă—2 MIMO Wi-Fi (802.11 a/b/g/n) Surface USB 2.0, micro HDMI Surface Pro USB 3.0, Mini DisplayPort
Weight
676 g (Surface),903 g (Surface Pro)
Website
www.surface.com
Price (Rs/Sq.Ft.)
Hi-Tech City/Madhapur
3000-3500
Habshiguda
3500-3700
Attapur
2200-2500
Hyderguda
2500-3500
A S Rao Nagar
2700-3200
Hasmathpet
2200-2500
Barkatpura
4000-4500
Hydernagar
2500-2800
Bachupally
1500-1800
Jeedimetla
1800-2000
Bandlaguda
1800-2000
Jubilee Hills
6500-7500
Banjara Hills
5500-7500
JNTU Road/Kukatpally
3000-3500
Bollaram
1900-2200
Kondapur
2500-3500
Chintal
1800-2000
L B Nagar
2400-2800
East Marredpally
4200-5000
Marredpally (Secunderabad) 3400-4300
Erragadda
3000-3800
Mehdipatnam
Gachibowli
3500-4000
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August - September 2012
3000-4000
Etiquette
the ups and downs of lift etiquette
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August - September 2012
Etiquette By Carolann Philips
A
s spaces get smaller and buildings get taller, the elevator or the lift has become a part and parcel of our everyday routine. Many of us prefer to have the lift all to ourselves. However, most times, we share this small cramped space with others. It is therefore useful to know some unwritten etiquette rules on the use of lifts. In busy buildings, where the lift is used frequently, it is courteous to use the stairs rather than the lift to travel between one or two floors if physically able to do so. Time is money in business. Calling a busy lift to the ground floor and getting off on the first floor wastes precious time and creates a poor impression. Pushing the ‘call’ button and leaving if the lift does not come right away is rude. People travelling inside get stopped on a floor that does not have anyone waiting to get on. Proper decorum directs a person to allow those who want to leave the lift to do so first before getting on. Wait to one side without crowding around, blocking the exit pathway, or standing close to the doors. This creates enough space to allow the people getting off the lift to walk away comfortably. Let all the people waiting to board prior to you get on first. If there is still room, feel free to move in. Otherwise take a step back and wait for the next one. It is discourteous to rush towards a closing lift door or stick an arm between the doors to keep it from closing if there are passengers already in. If you are one of many inside and happen to see someone rushing towards the door, it is best to let the doors close since there are more people inside waiting. However, if you are alone, it is courteous to press the ‘open’ button and allow the
person to board. Punching the ‘close’ button several times does not make the lift doors close any faster. Push the button once and allow the lift to do its job. Travelling with strangers in confined spaces can be difficult. Always stand directly facing the lift doors. Do not stand sideways or face other passengers. The proper place to gaze is forward or upward towards the lights which indicate the floor. Staring at other passengers is rude. Most lift conversations should be kept to the minimum and be of a very general nature. Using a mobile phone in an occupied lift is bad manners. If you cannot reach the control buttons, politely ask the person standing nearest the buttons to do so. If you are the person standing nearest and others cannot reach them, politely ask them which floor they are going to. The interior of an elevator car is a small space and odours travel quickly. A rule that would most apply at this point, although should be attended to earlier is to reduce or preferably eliminate
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body odour. For the same reason, food should not be consumed aboard the elevator. Wait and use an empty lift carriage if you are unwell or coughing and sneezing uncontrollably. Ensure that the floor the elevator stops on is yours. Leaving the lift on an undesired floor and then darting back inconveniences others and makes you look silly. Those standing next to the door get off first. The only time there is door-holding etiquette is when someone is hosting or guiding someone else. Etiquette is common sense and ‘ladies first’ does not apply in all situations. However, if a person is gentlemanly enough to hold the door for a lady or give up his place, a lady should politely accept rather than decline and offend him. After spending a good deal of time in lifts for several years, it has occurred to me that lift etiquette is something that must be learned in order to ensure that everybody’s ride is a pleasurable experience.
August - September 2012
Travel
Horsley Hills quaint hill station
By Sushreeta Mitra
L
ocated at a distance of about 145 km from the temple town of Tirupati in Andhra Pradesh and just at a distance of around 140 Km from the Karnataka capital, Bangalore, Horsley Hills is the most picturesque hill station of Andhra Pradesh. This quaint hill station in Andhra Pradesh is situated at a height of 1,290 metres, in between the coordinates of 13◦40`north and 78◦24`east in Kurnool/Chitoor district. Along with its enthralling beauty, the place is well known for its cool and
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August - September 2012
Travel
n beckons
pleasant climate during summer. The hill gets a good amount of rainfall during monsoon months, that is in between the months of June and September, and the atmosphere becomes quite cool during winters. So the best time to visit the place is in summer that is from March to May, when the temperature is in the range of 20◦C minimum and 30◦C maximum. Horsley Hills experiences a cold winter with minimum temperature around 12◦C and maximum temperature of about 25◦C, so the place can be visited even in winter. While travelling up the hill, people get mesmerised
by the beauty of the surroundings, as the road is laced with thick forests of eucalyptus, mahogany, jacaranda, gulmohar, sandalwood and other varieties of exotic trees on both sides of the road. The important attractions in and around Horsley Hills are: •Mallamma temple •Lake Gangotri •Highview seeing place •Gaalibanda •Environmental park •Rishi Valley School
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Before going for the attractions let me tell you about the history of the place. Here is a legend about Horsley Hills, which tells us that there was a little girl named Mallamma who used to live on this hill and was looked after by the elephants of the place. She used to help the tribal people of the hills by healing them. Her disappearance suddenly made people think that she was some divine power, so they built a temple in her honour on the hill, which was named Mallamma temple. The hill was named after her and the elephants as Yenugu Mallamma Konda, but it was renamed Horsley Hills after a British officer, W.D. Horsley, who visited the place between 1840 and 1843 when he was the collector of Cuddapah district. He was so much taken in by the beauty of the hills that he chose this place for his summer residence. Now this bungalow is used by the Governor of Andhra Pradesh as a summer residence, so this is also known by the name Governor’s Bungalow. 1. Mallamma Temple: This temple was built at the top of the hill in honour of the girl, Mallamma, who was believed to be a goddess by people living on the hill. 2. Lake Gangotri: The lake Gangotri, you will find at the starting of the hills, has never dried up till now. 3. Highview seeing place: The most popular spot of Horsley Hills is this place, which is located at the highest summit. From this point one can view the unending expanse of the hills, dense forests and deep valleys. It can be given the name as sunset view point as the sunset view from this point is really marvelous which should not be missed by any chance. 4. Gaalibanda: This point of attraction is also known by the name Wind Rock. It is a single rock which is sloped several thousand feet downwards and is definitely worth visiting. While walking down the hillock you can get an unobstructed view of the low lying areas with strong winds blowing past you, which is really revitalizing. 5. Environmental park: This park
August - September 2012
Travel
is the brainchild of hydrogeologist and environmentalist Balijepalli Venkata Subba Rao of Hyderabad. This park is also known as EEC centre, which has coffee plants, different varieties of trees, a crocodile enclosure, lake named Mansarovar, a mini-zoo and a nature study centre. There is a museum in the nature study centre, an AV room for watching videos on wildlife and a library. EEC centres were built all throughout Andhra Pradesh by Mr. Rao, to educate the common people about the importance of taking care of the environment and for encouraging eco-tourism. 6. Rishi Valley School: One must be thinking how a school can be a point of attraction at this tourist place? But this is true, as this boarding school, spread over 350 acres of land, was started by the great thinker J. Krishnamurthy. The school, which encourages respect for nature, launched a deforestation and conservation programme, which has made the school campus fully green. Inside the campus is one of the oldest
Banyan trees around which the serenity of the school is centralized. The greenery of the place attracts different varieties of birds towards the campus. You can find nearly 200 species of birds in the campus and can even trace rare variety of Yellow throat bulbul birds. To make the holiday more adventurous, the Andhra Pradesh Tourism Development Corporation has partnered with a Bangalore-based adventure sports club named Freak Outs, which conducts a host of activities. Some of them are listed below. • Zorbing (which is very rare in India) • Rappelling • Trekking • Horizontal ladder • Running Bungee • Rock climbing • Burma bridge • Earthquake and Burma loops How to reach Horsley Hills Located at a distance of about 145 km from Tirupati, 140 km from Bangalore,
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and about 277 km from Chennai, you can reach Horsley Hills by road or rail. Horsley Hills by Road From Chennai head towards Nungambakkam High Road -> cross BSNL Nungambakkam -> cross National Bank for Agricultural and Rural Development -> Dr Guruswamy Bridge -> turn left onto Poonamallee High Road -> NH 48 -> Poonamallee High Road -> Bypass Road / NH 4 -> cross Ramadoss Multi Speciality -> cross Hotel Shakti Ganapathi -> NH 48 -> NH 46 -> NH 40 ->NH 4 -> cross Naraharipet Police Station -> NH 40 -> NH 69 -> cross CSI Church -> NH 42 -> Horsley Hills Road -> Horsley Hills. There are many routes from Bangalore to reach Horsley Hills, they are: 1. Bangalore -> NH 4 Krishnarajapuram -> Cable stayed Bridge -> Hoskote -> Kolar -> Srinivaspur -> Rayalpadu -> Madanpalle -> Kadiri -> Anantapur -> Horsley Hills.
August - September 2012
Travel
2. Alternate route is Bangalore -> Hoskote -> Chintamani -> Gownipally -> B. Kothakota - > Horsley Hills. It is the best and the shortest among all. 3. Next alternate route is Bangalore -> Hoskote -> Chintamani -> Rayalpadu ->Madanapalle -> Horsley Hills. This is also a better route as it saves around 30 km. 4. For a nice drive to Horsley Hills this route is the best though it is a little long. Bangalore -> Hoskote -> Kolar -> Mulbagal -> Palamaneru -> Punganuru -> Madanapalle -> Horsley Hills. 5. There is another route through Chikbalpur, but the route is not suitable for four wheelers, only a big biker can drive through these narrow lanes of different villages. Horsley Hills by rail There are direct trains from Hyderabad, Dharmavaram and Tirupati to Madanapalle Road, which is the nearest railway station to Horsley Hills. There is Guntakal-Tirupati passenger train every day for Madanapalle Road and from Secunderabad there is 12732 Secunderabad–Tirupati Ex-
press which runs as a biweekly. Accommodation lFor a comfortable stay there is Haritha Hill Resort maintained by APTDC in Horsley Hills. lAPTDC provides accommodation facility at different budgets. There are eight cottages, 8 standard, 10 luxury rooms, 18 deluxe rooms and a dormitory of 40 beds. Along with this luxurious accommodation, you will be provided other facilities such as •Swimming Pool •Health Club/Gym •Massage centre •Bar and Restaurant •A conference with 300 seating capacity. There are even ‘Art of Living’ classes and Yoga classes for meditation and other exercises for those who want to have a relaxed holiday. For booking your stay you can call: Tel: Haritha Hill Resort From Bangalore through AP Tourism +91-80-41136373 +91-8571-279323/24
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Hotel tariff per day for different types of rooms WD Horsley Suite
Rs 6000/*
Whisper Winds
Rs 1500/*
Wind Whistle
Rs 1300/*
Wind Winds
Rs 1700/*
Wind Fall
Rs 2500/*
Governor Bungalow AC
Rs 2200/*
Governor Bungalow Non AC Rs
1800/*
Big cottages
Rs 1600/*
Small cottages
Rs 800/*
All these packages include South Indian buffet breakfast. For any extra member in AC room Rs 300/ and in Non AC room is Rs 200/
August - September 2012
Vasthu
The second in the series of articles on vaastu focuses on the importance and clear demarcation of directions in any structure
Directions hold the key in vaastu
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August - September 2012
Vasthu
I
t is essential to determine the directions in any structure correctly. In the absence of the correct demarcation of directions, positions of various rooms, and doors, etc. will be faulty and this could have a strong impact on the house and those living in it. Wrong demarcation would nullify the principles of vaastu, rendering the house unliveable and inauspicious. It is necessary to determine the directions correctly while constructing a temple, palace, house, gates, porch, pond, etc. Therefore, as per the principles of vaastu sastra, the construction of a building should be started only after marking the directions, east-west, etc. In ancient times, methods of determining the directions comprised taking the help of shadows formed when a cone is placed in the sun in an open plot, or by observing the pole-star or other constellations at night. But today, the directions can easily be marked by architects with the help of vaastu. The direction and position of a room or gate, etc. can be correctly decided only when the construction work is started after marking the directions properly. It is better to start the work after determining the directions so that the building is constructed, facilitating space for verandahs and balconies and also ensuring that the rooms are constructed at the proper place and in proper direction, removing the defects, if any,
in the structure. This will go a long way in ensuring that the inmates are blessed with happiness and good fortune. Just as it is necessary to think about the merits and demerits of a plot of land as mentioned in vaastu sastra, one has to be more cautions in the construction of a building. In the modern sense, to make the five basic materials, i.e. earth, water, fire, air and space, favourable to the house is the essence of vaastu sastra. Therefore, while constructing a house, the rules or principles laid down in vaastu sastra, with regard to direction, shape, level should be taken into consideration. For example, the south-east corner is the seat of the god of fire, Agnideva. Therefore, the kitchen or any space for works related to fire/ heat should be made in this corner, then only the house will be trouble free. Construction against the laws of nature at one’s will may cause pollution, which again could give rise to many other problems of health, cause fear, etc. which could result in the loss of wealth, property and sometimes life too. Directions have a great significance in the construction of a building. The four directions have their own importance, while the corners formed by the concurrence of two directions are more important because the effects of both the directions can be felt at the corners.
The gods governing the directions Directions East South east South South west West North west North North west
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Name of the god Indra Agni Yama Nairut (Demon) Varun Vayu Kuber Eeshwar
49
Effect Progress and growth Energy, vigour, strength Death Purity and cleanliness Water Air/wind Wealth and prosperity Religion, divinity, worldly pleasures
August - September 2012
Fitness
Dance your monsoon blues away!
I
t is this time of the year when you feel like snuggling into your bed and tend to skip your daily fitness regime owing to the rains. Moreover, the cool drizzle tempts one to indulge in hot and spicy pakoras, hot chocolate cakes and other unhealthy stuff. Any slackness on your part will upset the daily fitness regime as also your health. Consult your fitness instructor about the exercises similar to the workouts you do at the gym. When working out at home, stick to the same routine and timings. This should include even dressing in the same manner before going out for your workout. If you do not work out, this may just be the ideal time to begin with the temperatures down after summer. Do some simple stretching exercises for starters. Purchase home exercise equipment such as a skipping rope, treadmill, dumbbells and the like. Other than this, simple exercises such as sit-ups, calf exercises, knee bends and waist bends work as good as gym workouts. If you do not find these interesting enough, just perform some household chores which require physical exertion, clean up your cupboards, shelves or rooms. You can simply walk up and down the stairs to get a workout. If you have kids, don’t mind getting dirty with them. You do not have to roll around in
the mud but just be on your toes and enjoy behaving like a kid. Playing kid games can be exhausting and that is not the worst thing to happen to you. Jogging indoors around your house or on the spot is also healthy. Engaging yourself in any sort of activity that burns your calories is suggested. One can also indulge in dancing. Turn on the stereo, catch your partner and start dancing. Do not worry about how you dance, just swing to the tunes. If you feel gloomy with dark clouds, nothing can pep you up more than dancing. As no one is watching, you can let go of all your inhibitions without worrying about being laughed at. All this would burn away the extra calories that you have accumulated with high fat snacks. For those who hit the gym everyday a 10-minute warm-up follwed by a few squats are recommended.
For lower body Squats: Grab a chair and place it behind you. Stand in front of the chair with your feet hip/shoulder width apart, bend your knees and slowly squat towards the chair. Let your butt lightly touch the chair and slowly come back up. Do this 10-15 times. Rest for a moment and then repeat. You can do this without a chair and can hold dumbbells in both hands to add intensity. Follow this with leg raises, both sideways and front -- two sets of 30 reps each. Abdomen Upper abdomen crunches: Lie on your back, raise one leg mid air, support the back of your head with your hand and raise the head to the knee of the raised leg. Alternate the leg and repeat. Mid abdomen crunches: Raise both legs and cross them at right angles to the body while you lie flat on the mat. Stretch both arms and touch your toes. Lower abdomen crunches Lie flat on the mat looking up to the ceiling. Bend each leg, one at a time. Upper body Push-ups: Begin by standing in front of the wall/kitchen counter with feet together. Place your slightly inverted hands on top of the counter top. With your arms a little more than shoulder width apart bend the elbows and try and get your chest as close to the counter top as possible, then power it back up. Do this 10 times, rest for a moment, then repeat. You can do this on the floor -– on a mat on your toes, military style. Try and get your chest as close to the mat as possible. Do this 10 times, rest, then repeat.
Diet tips during the rainy days 1. 2. 3. 4. 5. 6. 7.
Be careful with street food. Eat frequent and small meals. Eat well-cooked food Wash vegetables clean of germs that you are going to use in the salad Consume lots of Vitamin C found in Amla and citrus fruits to take your immunity level up Deep fried pakoras are tasty but unhealthy. Try baked or shallow fried snacks instead Banana and potato are anti-depressants. Try them out to beat the monsoon blues Stop eating mango and focus on seasonal plums, litchis and cherries The monsoon is a wonderful time to get a body massage to relieve those aches and pains in the body
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August - September 2012
Interiors
Designer lighting is the maNtrA
Designer lighting is back with a bang and how. There is a stupendous variety of imported as well as Indian-made quality lighting systems which help in adorning homes, and add elegance and elan to rooms. A wide range of contemporary and traditional designs are curently available in the market with good demand for new designs. Those who fancy style and tradition go for the pure crystal collections of Preciosa made in the Czech Republic. Preciosa products come from Kamenicky Senova, a town with a chandeliermaking tradition dating back to 1724. The prices are high and the products exclusive and they come with life-time guarantee, dealers say. The influence of non-resident Indians has prompted showrooms in cities such across the country to import branded names such as LEDS from Spain, Metallux from Italy and Royal Doulton from the U.K.
Indian brands Among Indian brands, chandeliers are priced above Rs.4,000; wall lamps Rs.1,500; picture lights, Rs.1,500; mirror lights Rs.700; ceiling flush Rs.600; and hangings Rs.2,000. Crystal lamps with translucent glass, including red, blue and green, make light dance. Crystal chandeliers lend class to man-
sions. Genuine crystals from northern Bohemia, produced and processed for more than 400 years, lend chandeliers an unmistakable look. The precise cut
and optical purity of crystal trimmings results in their rainbow glitters.
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Purity of shape These crystals come in traditional, standard and premium varieties. The traditional chandeliers made from lead-free glass are typical Bohemia of the 18th century. Even the most discriminating customers will feel satisfied seeing these products. These traditional lighting fixtures are suited for interiors and create an exciting impression for austere modern interiors. The lights are characterised by a rainbow sparkle and purity of shape. The premium models are cut using electronically controlled machines. However, the crystals contain 30 per cent lead. “Chandeliers dressed with these decorations will give grandeur to interiors,� he says. The chandeliers and ceiling flushes from LEDS use alabaster stone instead of crystals. The company manufactures chandeliers using polycarbonate material and fibre. They are available in different shapes, sizes and colours. The skills of the makers are transferred into the final appearance of these products. These are apt for living rooms and dining rooms of apartments. The price ranges from Rs.5,000 to Rs.20,000. Royal Doulton blends contemporary and traditional lighting systems. More brass is used and portions of the crystal glass are used in these products. These chandeliers are priced between Rs.15,000 and Rs.28,000 and wall lights from Rs.3,000 to Rs.6,000. Metallux uses additional steel giving them a modern touch. The chandeliers use abstract designs. These are suitable for living rooms in flats and are priced between Rs.10,000 and Rs.30,000. Indian products use a variety of metals from steel, brass and aluminium even for chandeliers. Some companies import crystals and redesign lighting systems using metal in combination with blown glass. It is then finished with various kinds of patina and decorations ofembossed ornaments. These lighting systems are inexpensive, compared with imported high-quality crystal products.
August - September 2012
August 2012 Date Day 6/8/2012 Monday 12/8/2012 Sunday 13/8/2012 Sunday 20/8/2012 Monday 22/8/2012 Wednesday 23/8/2012 Thursday 29/8/2012 Wednesday
September 2012
Auspicious days
2/9/2012 Sunday 3/9/2012 Monday 12/9/2012 Wednesday 17/9/2012 Monday 19/9/2012 Wednesday 21/9/2012 Friday 26/9/2012 Wednesday 279/2012 Thursday 289/2012 Friday
Time (IST) A.M. 09:00 to 10:30 06:00 to 07:30 09:00 to 10:30 09:00 to 10:30 09:00 to 10:30 07:30 to 10:30 09:00 to 10:30
P.M. 04:00 to 07:00 02:00 to 04:30 04:00 to 07:00 04:00 to 07:00 04:00 to 07:00 04:00 to 07:00 04:00 to 07:00
A.M. 07:30 to 10:30 06:00 to 10:30 09:00 to 10:30 09:00 to 10:30 09:00 to 10:30 09:00 to 10:30 09:00 to 10:30 09:00 to 10:30 09:00 to 10:30
P.M. 04:30 to 07:00 02:00 to 04:30 04:00 to 07:00 04:00 to 07:00 04:00 to 07:00 04:00 to 07:00 04:00 to 07:00 04:00 to 07:00 04:00 to 07:00
Humour corner
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August - September 2012
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August - September 2012
Classifieds
r e a l e s tat e o n o f f e r ADITYA CONSTRUCTION COMPANY Project Name Location Property Type Unit Size range Property Range Completion By Contact Person Telephone No. Email Website
: : : : : : : : : :
Express Towers Thota Satyanarayana Shaikpet, Jubilee Hills, Residential 1600 – 2385 sft 70 Lakhs – 1 crore Dec 2014 Mr. Ramakrishna 9912225072 / 44605555 ramakrishna.ps@adityacc.com www.adityacc.com
Alekhya Homes Project Name Location Property Type Unit Size range Property Range Telephone No. Email Website
: : : : : : : :
Foot Prints Gopanpally 2 & 3 BHK Independent Flats 1165 – 1630 sft Call for Price 9553074447 / 9948429090 info@alekhyahomes.in www.alekhyahomes.in
BEST AVENUES (P) LTD Project Name Developer / Builder Location Property Type Unit Size range Property Range Completion By Contact Person Website
: : : : : : : : :
Highway Residency – Best Avenues K. Maheshwara Reddy Near Shamshabad Airport 3 BHK Independent Duplex Villa & Plot 150 Sq. Yards 23 Lakhs ; 9 Lakhs 6 Months Mr. Mahesh Reddy www.bestavenuesindia.com
PHOENIX GROUP Project Name : Developer / Builder : Location : Property Type : Unit Size range : Price range : Telephone No. : Email : Web Site Address :
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Golf Edge Phoenix Living Spaces Nanakramguda, Gachibowli 2 & 3 BHK Luxury Apartments 1685 sft to 3625 sft Call for Price 9160098888 / 7799200007 sales@golfedge.in www.golfedge.in www.phoenixindia.net
August - September 2012
Classifieds
CHOICE INDIA INFRA PROJECTS PVT LTD Project Name Developer / Builder Location Property Type Unit Size range Property Range Completion By Telephone No. Email Web Site Address
: : : : : : : : : :
Guru’s Choice Residency Choice Infra Projects East Marredpally 2 BHK Independent Flat 1126sft to 1414sft Call for Price 2012 9441115599 email@choice-india.com www.choice-india.com
Project Name Developer / Builder Location Property Type Price range Telephone No. Email Web Site
: : : : : : : :
Choice-india, Kavuri Hills Choice Infra Projects Kavuri Hills, Jubilee Hills 3 BHK Apartments Call for Price 9441115599 email@choice-india.com www.choice-india.com
Project Name Developer / Builder: Location Property Type Unit Size range Price range Telephone No. Email Web Site Address
: : : : : : : : :
N-95 Choice Infra Projects Nandagiri Hills, Jubilee Hills 4 BHK Apartments 4016 sft Call for Price 9441115599 email@choice-india.com www.choice-india.com
Project Name: Developer / Builder Location Property Type Price range Telephone No. Email Web Site Address
: : : : : : : :
NV-63 Choice Infra Projects Nandagiri Hills, Jubilee Hills 4 BHK Apartments Call for Price 9441115599 email@choice-india.com www.choice-india.com
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SAKET ENGINEERS (P) LTD Project Name : Developer / Builder : Location : Property Type : Unit Size range : Price range : Completion By : Telephone No. : Email : Web Site Address :
Saket Pranaam Saket Engineers A S Rao Nagar Studio, 1, 2, 3 BHK Independent Flats 454 sft to 1686 sft Call for Price Possession 9642352233, 9848808407 sales@saketgroup.com www.saketgroup.com
Project Name: Developer / Builder Location Property Type Unit Size range Price range Completion By Telephone No. Email Web Site Address
Saket Sriyam : Saket Engineers : A S Rao Nagar : 2 & 3 BHK Apartments : 1241 sft to 1999 sft : Rs.35,00,000/: Under Construction : 9642352233, 9848808407 : sales@saketgroup.com : www.saketgroup.com
Project Name Developer / Builder Location Property Type Unit Size range Price range Completion By Telephone No. Email Web Site
: : : : : : : : : :
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Saket Bhu:Sattva Saket Engineers Nutankal, Near Medchal 3BHK Independent Luxury Villas 200 – 325 Sq yards 2800 Per sft Under Construction 9642352233, 9848808407 sales@saketgroup.com www.saketgroup.com
August - September 2012
Classifieds VERTEX HOMES PVT LTD
THEME AMBIENCE CONTRUCTIONS PVT LTD Project Name Developer / Builder Location Property Type Unit Size range Price range Completion By elephone No. Email Web Site
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Golf View Bimal Kumar Kedia Nanakramguda 2 & 3 BHK Independent Flats 1130sft to 2050sft Call for Price Dec 2014 9391050852, 93911453440 theme@themeambience.com www.themeambience.com
Project Name Developer / Builder Location Property Type Unit Size range Price range Telephone No. Email Web Site Address
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Lake View Bimal Kumar Kedia Tolichowki – Gachibowli Route 3 BHK Independent Villas 278 – 369 Sq. yards Call for Price 9348521652, 9391050852 themeambience@gmail.com www.themeambience.com
Project Name Developer / Builder Location Property Type Unit Size range Price range Telephone No. Email Web Site Address
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Fort View Bimal Kumar Kedia Hydershah Kote, Langer House
Project Name Location Property Type Unit Size range Price Range Completion By Contact Person Telephone No. Email Web Site
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Vertex Sadguru Krupa Nizampet, Kukatpally 3 BHK Independent Flats 1453 sft to 1492 sft Call for price Possession Mr. Hari Prasad 9396664859 vertexhomes@gmail.com www.vertexhomes.com
Project Name Location Property Type Unit Size range Price range Completion By Contact Person Telephone No. Email Web Site
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Vertex Lake View Nizampet, Kukatpally
Project Name Location Property Type Unit Size range Price range Completion By Contact Person Telephone No. Email Web Site
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Vertex Prime Nizampet, Kukatpally 3 BHK Independent Flats 1140 sft to 1470 sft Call for Price Possession Mr. Hari Prasad 9396664859 info@vertexhomes.com www.vertexhomes.com
Project Name Location Property Type Unit Size range Price range 6. Completion By Contact Person Telephone No. Email Web Site
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Vertex Pleasant Nizampet, Kukatpally 3 BHK Independent Flats 1284 sft to 1496 sft Call for Price Possession Mr. Hari Prasad 9396664859 info@vertexhomes.com www.vertexhomes.com
4 BHK Luxury Independent Villas
164 to 383 Sq Yards Call for Price Possession Mr. Hari Prasad 9396664859 info@vertexhomes.com www.vertexhomes.com
2 & 3 BHK Independent Luxury Flats
960 sft to 1498 sft Call for Price 9348521652, 9391050852 themeambience@gmail.com www.themeambience.com
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August - September 2012
Classifieds VAMSIRAM BUILDERS
Project Name Developer / Builder Location Property Type Unit Size range Price range Telephone No. Email Web Site
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Jyothi Vista Vamsiram Builders Road No. 5, Banjara Hills 2 BHK Apartments 3503 sft to 3600 sft Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
Project Name Developer / Builder Location Property Type Unit Size range Price range Telephone No. Email Web Site
: : : : : : : : :
Jyothi ANRI, Huda Enclave Vamsiram Builders Jubilee Hills 3 BHK Independent Flats 3125 sft Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
Project Name Developer / Builder Location Property Type Unit Size range Price range Telephone No. Email Web Site
: : : : : : : : :
Jyothi Dwelling Vamsiram Builders Huda Enclave, Jubilee Hills 3 BHK Independent Flats 2092 sft Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
Project Name Developer / Builder Location Property Type Price range Telephone No. Email Web Site
: : : : : : : :
Jyothi Signature Vamsiram Builders Huda enclave, Jubilee Hills 3 BHK Independent Flats Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
Project Name : Jyothi Senete Developer / Builder : Vamsiram Builders Location : Jubilee Hills
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Property Type Unit Size range Price range Telephone No. Email Web Site Address
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3 BHK Independent Flats 2470 sft to 2709 sft Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
Project Name Developer / Builder Location Property Type Unit Size range Price range Telephone No. Email Web Site
: : : : : : : : :
Sharada Villa Vamsiram Builders Jubilee Hills 3 BHk Independent Flats 2773 sft Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
Project Name Developer / Builder Location Property Type Price range Telephone No. Email Web Site
: : : : : : : :
Jyothi Lotus Vamsiram Builders Huda Height, Banjara Hills 3 BHK Independent Flats Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
Project Name Developer / Builder Location Property Type Price range Telephone No. Email Web Site
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Jyothi Parkview Vamsiram Builders Nandagiri Hills 3 BHK Apartments Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
Project Name Developer / Builder Location Property Type Price range Telephone No. Email Web Site
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Jyothi BRKR Vamsiram Builders Barkatpura 3 BHK independent Flats Call for Price 9849558979, 9642323313 sales@vamsirambuilders.com www.vamsirambuilders.com
August - September 2012
Projects
projects Company: Aditya Construction Company India Pvt. Ltd. Project Name: Empress Towers Location: Shaikpet, Jubilee Hills, Hyderabad Property Type: Residential Apartments Sizes in SFT: 1600 to 2385 Price Range: 70 lakhs - 1crore Amenities: Full Facility Club House, Swimming Pool, 100% Power Backup, Fully Automatic Lifts, Multi Level Parking, Helipad Expected Delivery: Dec-14 Contact No: 040 - 44605555, 9912225072 Contact Person: Ramakrishna Website: www.adityacc.com
common areas and houses Complete Under-ground electrical cabling, Fully equipped children’s playground Cement Concrete Roads and light,Sports facilities including Playgrounds, Swimming pool, Sports facilities, Clubhouse (45000sft)” Expected Delivery: Ready to Occupy Contact No: 9700085888/ 9700086888 Contact Person: Mary / Rizwana Website: www.modibuilders.com
Company: Modi Builders & Realtors Pvt Ltd Project Name: Palm springs Location: Kompally, Behind Runway 9 Company: Modi Builders & Realtors Property Type: Residential Apartments Pvt Ltd Sizes in SFT: 1200 to 1910 Project Name: Splendour Price Range: 24.30 lakhs to 36 lakhs onwards Location: Gajularamaram, near Kukatpally Amenities: “Landscaped gardens Fully equipped Property Type: Residential Apartments children’s playground Cement Con Price Range: 21.28 lakhs to 40.59 lakhs onwards crete Roads and lighting Sizes in SFT: 966 to 1933 Generator Backup facility for common areas and houses Complete Amenities: Landscaped Gardens / Playgrounds, Under-ground electrical cabling,Fully Sports Facilities of International quality, equipped children’s playground *Badminton, *Squash, *Tennis, *Basket Cement Concrete Roads and Ball, Clubhouse (38000sft), Light,Sports facilities including Swimming Pool, Completely Children’s playground compounded Security with Jacuzzi, Swimming pool with jacuzzi CCTV to security room for effective International quality Badminton & surveillance, 24 hours security, Squash court Cement concrete roads Expected Delivery: Ready to Occupy and lighting” Contact No: 9700085888/ 9700086888 Expected Delivery: Ready to Occupy Contact Person: Mary / Rizwana Contact No: 9700085888/ 9700086888 Website: www.modibuilders.com Contact Person: Mary / Rizwana Website: www.modibuilders.com Company: Modi Builders & Realtors Pvt Ltd Company: Modi Builders & Realtors Project Name: Emerald Heights Pvt Ltd Location: Pocharam, near New Infosys Campus Project Name: Emerald Park Property Type: Residential Apartments Location: Pocharam, Near New Infosys Campus Sizes in SFT: 47 to 1895 Property Type: Independant Villas Price Range: 18 lakhs to 26 lakhs onwards Sizes in SFT: 1485 to 1494 Amenities: “Landscaped gardens Fully equipped Price Range: 45.37 lakhs to 61 lakhs onwards children’s playground Cement Amenities: Landscaped gardens,childrens play Concrete Roads and lighting ground, cricket nets, Generator Backup facility for swimming pool, club house,
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August - September 2012
Projects Project Name: Greenwoods Location: Dindigul, Near Miyapur Property Type: Independant Villas Sizes in SFT: 1490 to 1494 Price Range: 42.25 lakhs to 55.70 lakhs onwards Amenities: Landscaped gardens Fully equipped children’s playground Cement Concrete Roads and lighting Generator Backup facility for common areas and houses Complete Under-ground electrical cabling Club House , Air-conditioned TV room with mini theatre / conference room, Air-conditioned gym, Separate games room, table tennis room and pool room., Business center with computers, high speed internet connections, fax machines, laser printers, photocopiers and STD & ISD facilities, Swimming pool, Tennis court, Basket Ball court, Badminton court, Air-conditioned study room and library, Super Market / Grocery, Coffee Shop, Laundry and Ironing Facilities Expected Delivery: Ready to Occupy Contact No: 9700085888/ 9700086888 Contact Person: Mary / Rizwana Website: www.modibuilders.com
badminton court,basket ball court,tennis court,steam bath and sauna, gm, cafeteria, party area, games room,super market, laundry,Grocery, Pharmacy,Business Centre,pool room,Generator back up, cement roads, underground electrical cable, Security,Transport facility to Infosys pocharam Expected Delivery: Ready to Occupy Contact No: 9700085888/ 9700086888 Contact Person: Mary / Rizwana Website: www.modibuilders.com Company: Modi Builders & Realtors Pvt Ltd Project Name: Sunshine Park Location: Ghatkesar, Near New Infosys Campus Property Type: Independant Villas Sizes in SFT: 1490 to 1494 Price Range: 43.25 lakhs to 53.58 lakhs onwards Amenities: “Landscaped gardens Fully equipped children’s playground Cement Concrete Roads and lighting Generator Backup facility for common areas and houses Complete Under-ground electrical cabling , Badminton court,Air-conditioned TV room with mini theatre / conference room,Party areas, Air-conditioned gym,Steam bath and sauna,Separate games room, table tennis room and pool room.,Business center with computers, high speed internet connections, fax machines, laser printers, photocopiers and STD & ISD facilities.Swimming pool, Air-conditioned library,Super Market / Grocery,Coffee Shop,Pharmacy,Laundry and Ironing Facilities,Basket ball court, Tennis court, Volley ball court“ Expected Delivery: Ready to Occupy Contact No: 9700085888/ 9700086888 Contact Person: Mary / Rizwana Website: www.modibuilders.com Company:
Company: Vishal Projects Ltd Project Name: Srinivasa Krupa Location: Trimulgherry R.T.C.Colony. Property Type: Residential Apartments Sizes in SFT: 1835 to 2738 Price Range: 65 Lakhs to 1 Crore Amenities: Roof top Swimming pool, party lawns, 3 Lifts, 2 level Cellar Car Parking, 100% power backup, Modular Kitchen, Solar Water heating systems. Expected Delivery: November 2012 Contact No: 9666669835 Contact Person: Karunakar Website: www.vishalprojects.com Company: Project Name: Location: Property Type: Sizes in SFT: Price Range:
Modi Builders & Realtors Pvt Ltd
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Rajapushpa Properties Pvt. Ltd. The Retreat Gachibowli, Kokapet-Golden mile area Residential Apartments 1250 to 2107 Rs.36 lakhs - 60 lakhs
August - September 2012
Projects Amenities: Club House with Gym and Indoor sports facility, Swimming Pool, Walking/Jogging track, D.G. Power backup etc., Expected Delivery: December, 2013 Contact No: 9666988488, 9666988588 Contact Person: Anusha, Damodar Website: www.rajapushpa.in
Property Type: Residential Apartments Sizes in SFT: 1250 Price Range: 50 Lakhs Expected Delivery: 5 Months Contact No: 9849210101/ 9246153993
Company: Rajapushpa Properties Pvt. Ltd. Project Name: Cannon Dale Location: Gachibowli, Kokapet-Golden Mile area Property Type: Residential Villas Sizes in SFT: 4200 to 4450 Price Range: Please Call for Price Amenities: Club House with multi-purpose hall, Indoor games, A/C. Gymnasium, Swimming Pool, Library, Health spa, 100% power back-up, Piped cooking gas, Compound wall with solar fencing, walking/jogging track, water treatment plant, Excellent landscaping, Underground cabling, solar water heating. 24-hr security with intercom Expected Delivery: Jul-13 Contact No: 9666988688 Contact Person: Sathish Varma Website: www.rajapushpa.in Company: Sirisampada Constructions Project Name: Samvruddi Sirisampada Location: Plot 271&284, 100 ft HT Line Road, Opp.Gem Motors Work Shop, Raghavendra Colony, Off Miyapur-Gachibowli Road, Kondapur, Hyderabad Property Type: Residential Apartments Sizes in SFT: 1600 to 1625 Price Range: Please Call for Price Amenities: V3F Lift, Power back-up for common and 5 point in each flat. November 2012 Expected Delivery: (Dasshera/Deepavali) Contact No: 7702979752/ 9676749359 Contact Person: Nagewar Reddy, Ramaiah Company: Project Name: Location:
Company: Srinilaya Projects Project Name: Adi Emerald Location: Kondapur (Lahari Homes) Property Type: Residential Apartments (3BHK) Sizes in SFT: 1828 to 2214 Price Range: Please Call for Price Amenities: Jim, Meditation Hall, Generator Backup, Intercom, Jogging Track, Swimming Pool. Expected Delivery: July, 2013 Contact No: 9963265559/ 9963465559 Contact Person: Prasad, Vasireddy Website: www.srinilayaprojects.com Company: Project Name: Location: Property Type: Sizes in SFT: Price Range: Amenities:
Kosuri Constructions Sri Lakshmi Nivas Patrikanagar, Madhapur
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Company: Srisairam Projects Ltd. Project Name: Sri Sairam Towers Location: Hafeezpet, Near Hi-Tech City, Hyderabad Property Type: High Rise Residential Apartments Sizes in SFT: 1500 to 5000 Price Range: Rs.3,100/- Per Sft Amenities: Swimming Pool, Amphitheater, Club Foyer, Full facility Gym, Health Spa with Steam / Sauna / Jacuzzi, Yoga Hall, Jogging track Expected Delivery: Jun-12 Contact No: 9393559595 Contact Person: Pradeep Website: www.srisairamgroup.com
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Mantri Developers Pvt Ltd Mantri Celestia Near Wipro Junction, Gachibowli Residential Apartments ( 2-3BHK) in G + 24 Format 850 to 1198 Rs 3790 per sft basic price plus FRP, car parking charges and other extras Club house with gym, supermarket, indoor games, crèche, health club, squash court, kids play area, swimming pool, activity pool, jogging /walking trail, back up
August - September 2012
Projects Company: Choice India Infra Projects Private Limited Project Name: N 95 Location: Nandagiri Hills Property Type: Residential Apartments (4 BHK) Sizes in SFT: 3800 Price Range: Please Call for Price Amenities: 24x7 Security Survellance, Gas Storage Area, Solar Fencing, Water Softening Plant, Generator, Intercom facility, Desinger Landscaping/ Hardscape. Expected Delivery: Jun-14 Contact No: 9441115599 Contact Person: V.Srinivas Website: www.choice-india.com
generator and outdoor games, Expected Delivery: Handing over commencing from Dec 31st 2012 Contact No: 9177444769, 8008755656, 9989500621, 9989800664 Contact Person: Srinivas Manda Website: www.mantri.in Company: Tirtha (India) Projects Project Name: Rock Cliff Apartments Location: APPA Junction/Bandlaguda Property Type: Residential Apartments (2-3BHK) Sizes in SFT: 1125 to 1515 Price Range: 1900 per sft Amenities: Multi purpose hall, Power back up for common areas and 2 points for each flats, Intercom, Parking Expected Delivery: Novemeber 2012 Contact No: 9908155115, 9989937234 Contact Person: Subramanyam Website: www.thirthaprojects.com
COMMERCIAL PROJECTS Company: Choice India Infra Projects Private Limited Project Name: Choice Center Location: S D Road Property Type: Commercial Sizes in SFT: 40,000 Price Range: Please Call for Price Amenities: Generator, 24x7 Security Survellance. Expected Delivery: Jun-14 Contact No: 9441115599 Contact Person: V.Srinivas Website: www.choice-india.com
Company: Choice India Infra Projects Private Limited Project Name: Choice Bliss Location: Kavuri Hills Property Type: Residential Apartments Sizes in SFT: (3BHK) 2900 Price Range: Please Call for Price Amenities: 24x7 Security Survellance, Water Softening Plant, Generator, Intercom facility, Desinger Landscaping, Ample car parking. Expected Delivery May-13 Contact No: 9441115599 Contact Person: V.Srinivas Website: www.choice-india.com Company: Project Name: Location: Property Type: Sizes in SFT: Price Range: Amenities: Contact No: Contact Person: Website:
plots
Company: West Mount Projects Project Name: Red Clay Court II Location: Maheswaram Mandal Adj to Harshaguda Habitation about 2.5 kms from ORR HMDA Final Approved Property Type: Residential Layout Sizes in SFT: 267 Sq Yrds Price Range: Rs. 3500/- Per Sq Yrd Amenities: 40 - 50 feet BT Roads, Underground Electricity, Water lines with Over Head Tank, Drainage lines etc Expected Delivery: Ready for Registration Contact No: 9848017162 Contact Person: Dr. T S Rao Website: www.westmountprojects.com
Choice India Infra Projects Private Limited Guru’s Choice Residency East Marredpally Residential Apartments (2 & 3 BHK) 1150 to 1414 Please Call for Price Generator, Desinger Landscaping/ Hardscape. 9441115599 V.Srinivas www.choice-india.com
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August - September 2012
HORIZONS AP’s most credible real estate magazine
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August - September 2012
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HORIZONS AP’s most credible real estate magazine
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August - September 2012
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August - September 2012