Real Estate Properties of Hyderabad

Uppal is going to be a new IT hub of Hyderabad

noreply@blogger.com (maaproperties) — Fri, 09 May 2008 06:58:00 +0000

Uppal is all set to become the next information technology hub after Madhapur. Several infrastructure companies are keen to develop IT parks and special economic zones in Uppal where land is available at affordable rates. These moves will boost economic and real estate activity in area and its surroundings in the next two years.Major firms such as DSL Infrastructure and Space Developers Private Limited, Bhagyanagar Infrastructure and Iconic Company have decided to develop IT parks in Uppal, which is 10 km away from Secunderabad. Meanwhile, Top Notch has proposed an exclusive SEZ for software companies in the area. Each firm is likely to invest around Rs 300 crore for the development of IT parks while the SEZ would need around Rs 1,000 crore.

"Uppal is considered a strategic location to provide connectivity to all parts of the city including Secunderabad and Shamshabad," said Laxmi Prasad Agarwal, chairman of DSL Infrastructure. Mr Prasad, who is also chairman of the IT wing of the Federation of Andhra Pradesh Chamber of Commerce and Industry, said new software companies would benefit since space would not be very expensive when compared to Gacchibowli and Madapur.The government is also encouraging infrastructure majors to set up IT parks and SEZs in Uppal by providing facilities under Software Technology Parks of India scheme, which gives various benefits including a tax holiday.

Software Technology Parks of India-Hyderabad director, Mr E. Manoj Kumar, welcomed the development of IT clusters in Uppal and other areas. "Many more software companies are likely to begin its operations very shortly in Hyderabad and this will be helpful to them," he said. As many as 1,200 software companies register every year in the state. Together, the IT companies of the state exported Rs 18, 852 crore worth of software in 2006-2007. The exports touched Rs 25,000 crore in 2007-2008 and are expected to cross Rs 30,000 crore in the current financial year as more companies are planning to set up their units in Hyderabad.

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Rising rents hit middle class hard

noreply@blogger.com (maaproperties) — Thu, 06 Dec 2007 06:11:00 +0000

The sudden rise in house rentals in the recent times has come as a rude shock for many middle class families in Hyderabad city and its suburbs. Depending upon facilities being provided, location and road connectivity, landlords have increased the rent in a range of Rs.500 to Rs.3,000 in last couple of months. In cases of tenants seeking to know reasons for the sudden increase in rent, the house owners are simply displaying "Tolet" boards in front of the main gates forcing them to vacate at the earliest.

Reasons

Real-estate brokers attribute this to three reasons: High income levels among software engineers and call center employees, shortage of houses available for rental and the decision of Central Government to upgrade the Greater Hyderabad Municipal Corporation as A-1 City from September.

The high-salaried class working in software and ITES, MNCs and high-end corporates in the city are willing to pay almost three times more for a house at Kukatpally and Miyapur. One factor is that an employee can easily reach the workplace, most of which are located in Madhapur and its surroundings, within 10-15 minutes due to new spinal road connecting Cyber Tower and JNTU at Kukatpally.

A majority of them prefer to take a house on rent in the vicinities instead of commuting to office at Madhapur all the way from Kushaiguda, Malkajgiri, Uppal and Dilsukhnagar and spend considerable time in heavy traffic snarls. "Taking a house on rent in Kukatpally will not only save time, but also commuting won't make one feel tired. Hence, software engineers and call center employees are opting to locate themselves here by paying more rentals," explains D. S. Kiran Babu, owner of Arun Rentals in Kukatpally, But this trend is having a cascading effect on the middle class families. With high-income groups ready to pay more rent, the house owners increased the charges. Unable to meet the demand of house owners, tenants who cannot afford are vacating the place and move to areas like Bowenpally, Safilguda, Malkajgiri, Nacharam, Kothapet etc, where house rents are comparatively less. Their problems are further compounded as some owners in these areas also increased rentals owing to shortage of houses for rent and the sudden influx of those seeking dwelling on rent. "How can they resort to such step without giving prior information? It's not correct on their part. We too have our financial commitments," asks M. Jaya Kiran from Ramanthapur.

Heavy burden

The rise in the rentals has ended up putting the financial planning of the middle class in dilemma. For instance, a family used to stay in a triple-bedroom house at Chaitanyapuri in Dilsukhnagar for a monthly rent of Rs.3,500.

A few weeks later, the family vacated the house at the request of the owner. They are now staying in a house in the same locality by paying a rent of Rs.5,500. "We have no option except to postpone our other financial commitments and pay the rent," decry family members.

Another factor is the decision of some corporate companies taking entire building on lease to provide accommodation to their employees coming from other States, mostly from North India. "This is also leading to dearth of houses for rent," maintains W. John, a real-estate broker.

He adds owners immediately hiked the rent after they came to know that Government employees would get extra HRA as the city was upgraded as A-1 city. Whatever be the reasons, middle class families are feeling the pinch of additional financial burden.

Real Estate Investment In Hyderabad

noreply@blogger.com (maaproperties) — Wed, 07 Nov 2007 11:32:00 +0000

Real Estate Investing has probably made more millionaires than any other industry in Hyderabad. Real Estate Investing also offers many rewards including cash flow, security, long-term wealth and numerous tax benefits.

Real Estate Investing is something that anyone can learn and prosper at regardless of age, gender, religion, race, education or current occupation. You can begin with virtually no start up costs, and work this business from your home full-time or part-time.

Real estate Investing is one of the very few occupations left where the little guy can start with nothing and still strike it rich!

There are no licenses required to invest in Real Estate, in fact you may have already done so by purchasing a home! Real estate offers a practically unending supply of properties. There are millions of properties on the market, and thousands more become available each day, all over the country and especially in Hyderabad.

The Real estate Investing market goes through cycles just like any other industry. And, even when the market is "down" there are still many outstanding opportunities.

In most areas kokapet, outer ring road, manikonda and kukat pally of Hyderabad we are currently seeing what is often referred to as a "buyer's market cycle". Simply said there are more homes and lands for sale than there are people to purchase them.

As a Real Estate Investor you currently have choices like never seen before. Some Real Estate Investors are able to purchase properties of Hyderabad for less than some current owners originally paid and many Real Estate Investors are purchasing more properties at this time. Also, Real Estate Investors are able to spend even less money on homes that need some type of renovation.

Quite simply there will always be a market for Real Estate Investing; regardless of the economy people will always need a place to live. And owning a home is still the Indian dream.

So stay tuned, and be prepared to learn something about real estate in Hyderabad India.

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