Page 11 - Hyderabad

Godrej Properties buys land in Hyderabad for Rs 3,500 cr housing project

Realty firm Godrej Properties Ltd on Wednesday said it has bought 12.5-acre land in Hyderabad to develop a housing project having Rs 3,500 crore revenue potential. This marks the company's foray into the Hyderabad property market. In a regulatory filing, Godrej Properties informed that it has acquired 12.5-acre of land at Rajendra Nagar in Hyderabad. "The development on this land is estimated to have a potential of around 4 million square feet of saleable area comprising primarily premium residential apartments of various configurations with an estimated revenue potential of about Rs 3,500 crore," the company said. Godrej Properties said that Hyderabad would be an important market for the company. Godrej Properties has a major presence in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR (National Capital Regions), and Bengaluru. Gaurav Pandey, MD, and CEO of Godrej Properties, said the company is entering Hyderabad, which is amongst the largest and fastest growing residentia

Aparna Constructions to invest Rs 2,425 cr in 2 new Hyderabad projects

Realty firm Aparna Constructions and Estates on Tuesday said it will invest Rs 2,425 crore to develop two housing projects in Hyderabad. The two projects will have more than 2,500 apartments, offering individual unit sizes ranging from approximately 1,475 sq. ft. to 3,700 sq. ft. In a statement, the company said it has launched "two gated community apartment projects in Hyderabad, Aparna Newlands and Aparna Sarovar Towers, with a combined investment of Rs 2,425 crore." The project -- Aparna Newlands -- will be spread over 14 acres totalling 1,976 units, while the 5-acre Aparna Sarovar Towers project will have 585 units. Aparna Constructions, a division of the Aparna Group, is one of the largest real estate developers in South India. The company was founded by S S Reddy and C V Reddy in 1996. It has a portfolio of 77 projects, of which 66 are residential properties and 11 are commercial and retail spaces across Telangana, Andhra Pradesh and Karnataka. According to a recent report

Hyderabad's Tanmay creates world record for fastest first class triple ton

Hyderabad opener Tanmay Agarwal broke the world record for the fastest triple-hundred in the history of first-class cricket in a Ranji Trophy Plate Group match against Arunachal Pradesh here on Friday. The 28-year-old reached the milestone off only 147 balls, beating the previous record of South African cricketer Marco Marais, who had achieved in 191 balls during the game between Border and Western Province. However, the lopsided contest against a north-eastern side once again raised questions about directly integrating them into Ranji Trophy where records are being broken at monotonic regularity. The match, which was played on the outskirts of the city at 'Gen-Next' cricket ground and Hyderabad, witnessed a whopping 529 for 1 in just 48 overs with Tanmay's undefeated 323 off just 160 balls at the end of the day's play. This was after Arunachal scored 172 in 39.1 overs. The left-hander's innings was studded with 33 fours and 21 sixes. He added 449 for the opening stand with Rahul

State government, Formula E to take legal route after race cancellation

A blame game has started between Telangana government and Formula E after the cancellation of the electric race in Hyderabad. The second edition of Hyderabad E Prix was scheduled to be held on February 10 but Formula E cancelled the race alleging a breach contract by the new Telangana government. A four-year agreement was signed between Formula E, the BRS-governed Telangana government and Greenko, which pulled out of the event after the inaugural edition. Congress came into power in December and staging the race is not at the top of its priority list. Last week, Deputy Chief Minister Mallu Bhatti Vikaramarka said the his government would explore legal action against the tri-partite agreement between the Municipal and Urban department (MA&UD), Formula E and local promoter Greenko as it was executed in violation of Secretariat business rules. The decision to host the second round was taken towards the end of the previous government's tenure with the MA&UD paying half of the ...

Scindia launches GMR School of Aviation in collaboration with Airbus

Union Civil Aviation Minister Jyotiraditya Scindia on Thursday digitally launched GMR School of Aviation set up in collaboration with Airbus on the sidelines of wings India 2024 being held here. Strategically located within the GMR Aerospace and Industrial Park at Rajiv Gandhi International Airport, here, GMR School of Aviation is poised to become a beacon of excellence in Aircraft Maintenance Engineering, a press release from GMR said. The school will offer a fully integrated 4-year AME program along with type training. It has been certi?ed by DGCA (Directorate General of Civil Aviation) and EASA (European Union Aviation Safety Agency). The school has technical collaboration with Airbus and is a first of its kind institution in India to offer a combined B1.1 and B2 Aircraft Maintenance Engineering licensing programme, Aircraft speci?c type training courses and ancillary courses like Aircraft structures, Aircraft composite courses. Airbus will provide the necessary courseware in th

Lufthansa launches Hyderabad-Frankfurt direct flights five days a week

GMR Hyderabad International Airport Ltd (GHIAL) on Wednesday announced the launch of direct flights to Frankfurt, Germany in partnership with Lufthansa Airlines. With five weekly departures (Monday, Tuesday, Wednesday, Thursday, and Saturday), flight LH753 will depart from Hyderabad at 01:55 hours and arrive in Frankfurt at 07:05 hours. The return flight LH752 will depart from Frankfurt at 10:55 hours and arrive in Hyderabad at 23:55 hours, a release from GHIAL said. GMR Hyderabad International Airport Ltd CEO Pradeep Panicker said, "This connectivity will benefit travellers visiting Frankfurt as a transit point or for leisure trips and would open up multiple destinations in Europe, USA, Canada, and South America via Frankfurt." Lufthansa Group (South Asia) Senior Director George Ettiyil said, As we launch Hyderabad-Frankfurt service, our capacity to India has increased by 14 per cent (relative to 2019), making this country the fastest growing major market for Lufthansa.

T'gana CM proposes Industrial Corridor connecting Hyderabad to Vijayawada

Furthermore, he requested the allocation of one National Handloom Technology Center (IIHT) to Telangana, emphasizing the positive impact it would have on training weavers in modern technology

Formula E cancels Hyderabad E-Prix alleging contract breach by Telangana

Formula E has announced the cancellation of the Hyderabad E-Prix, alleging a contract breach by the new Telangana government. The second Formula E race in India was slated to be held on February 10. "The cancellation comes following a decision by the Municipal Administration and Urban Development Department (MAUD), under the control of the Government of Telangana, not to fulfil the Host City Agreement signed on 30 October 2023," Formula E said in statement on Friday. The body, alleged a breach of contract by the Municipal Administration and Urban Development Department (MAUD) that falls under the control of Telangana government. "Formula E Operations (FEO) has been left with no choice other than to formally give notice to MAUD that it is in breach of contract." "FEO is considering its position and what steps it may take under the Host City Agreement and applicable laws. All of FEO's rights in that regard are reserved." The inaugural electric race in the country was held in Februa

Formula E cancels Hyderabad E-Prix, alleges breach of contract by govt

Formula E has announced the cancellation of the Hyderabad E-Prix, alleging a contract breach by the new Telangana government. The second Formula E race in India was slated to be held on February 10. Formula E has alleged a breach of contract by the Municipal Administration and Urban Development Department (MAUD) that falls under the control of Telangana government. "The cancellation comes following a decision by the Municipal Administration and Urban Development Department (MAUD), under the control of the Government of Telangana, not to fulfil the Host City Agreement signed on 30 October 2023," Formula E said in statement on Friday. The inaugural electric race in the country was held in February last year with Telangana's then IT Minister KT Rama Rao playing a huge role in bringing the race to Hyderabad. However, KTR's BRS party lost the state election to Congress in December and the new government has not shown the same willingness to host the race. "Formula E Operations (FEO) h

Chennai sees record office space demand in 2023; leasing up 61%: CBRE

Chennai has achieved an all-time high demand for office space in 2023 calendar year at 10 million square feet on better demand from corporates, according to CBRE. Real estate consultant CBRE on Thursday said that the leasing of office space in Chennai grew 61 per cent to 10 million square feet in 2023 as against 6.2 million square feet in the previous year. Overall, the office market across nine major cities witnessed a gross absorption of 61.6 million square feet during 2023, registering a growth of 7 per cent from 57.8 million square feet in the previous year. This marked a 4-year high leasing activity after it touched the peak in 2019 with 65 million square feet. BFSI (Banking, Financial Services and Insurance) firms led leasing activity with 22 per cent share in 2023, followed by technology companies (21 per cent), engineering & manufacturing companies (15 per cent), and flexible space operators (14 per cent), the consultant highlighted. "In 2023, the global economy, while ...

Amid fuel crisis, Zomato agent rides horse to deliver food in Hyderabad

A Zomato agent in Hyderabad took the streets by storm, not on a motorbike, but on a horse, to deliver orders amid the fuel crisis

Truckers' protest: Long queues at fuel pumps in T'gana amid shortage fear

Long queues were witnessed at petrol pumps in several parts of Hyderabad on Tuesday as people thronged them fearing shortage of fuel amid a protest by truck drivers against a provision in the new penal law on hit-and-run accident cases involving motorists. As a large number of motorists gathered at the fuel outlets for petrol and diesel, the queues spilled over to the main roads, resulting in traffic jams at several places for some time, though it was brought under control by evening, police officials said. "(Fuel) availability is there. People are apprehensive that due to the agitation by truck drivers, it may not be available and they are going to petrol pumps in large numbers, following which queues were formed and subsequently spilled over to the roads resulting in traffic jams initially," a senior police official said. A petrol retail outlet owner told a TV channel that fuel supply to petrol pumps in the city was indeed hit by to the truck drivers' protest since ...

Hyderabad airport among global airports with highest on-time performance

The airports at Hyderabad and Bengaluru have been ranked second and third among the top ten global airports in terms of operational performance and punctuality, according to a report released on Tuesday. In the 2023 On-Time Performance (OTP) Review prepared by aviation analytics firm Cirium, there are a total of three Indian airports -- Hyderabad, Bengaluru and Kolkata -- and one Indian carrier -- IndiGo. With an OTP of 84.42 per cent, Rajiv Gandhi International Airport is at the second spot in the global airports as well as large airports categories. Kempegowda International Airport is at the third position in both the segments with an OTP of 84.08 per cent, Cirium said. Minneapolis-St. Paul International Airport in the US has topped both the lists with an OTP of 84.44 per cent. In the medium airports category, Netaji Subhash Chandra Bose airport in Kolkata is ranked ninth with an OTP of 83.91 per cent. The medium airports category is topped by Osaka International Airport in Japa

Formula E raises new 'concerns', cites schedule and operational challenges

Formula E has raised fresh concerns over its race in Hyderabad, saying it might not be able to go ahead with the round scheduled for February 10 following the latest communique from the new Telangana government. The inaugural electric race in the country was held in February this year with then IT Minister KT Rama Rao playing a huge role in bringing the race to the city. However, KTR's BRS party lost the state election to Congress in December. Considering the operational challenges involved in hosting the first race, Formula E had dropped Hyderabad from the provisional calendar before including it in the final calendar in October. The change of guard has put them in a tough spot with the Congress government's letter to Formula E adding to its woes ahead of the race in six weeks' time. "Following a recent official communication received from the new Government of Telangana, Formula E is seeking urgent clarification of their contractual commitments under the agreement and how it coul

Gross leasing of office space up 12% this year across 6 cities: Savills

Gross office space leasing rose 12 per cent to a record 62.3 million square feet this year, while fresh supply remained flat across six major cities, according to Savills India. The absorption of office space stood at 55.4 million square feet in the previous year. New supply of office space stood at 53.3 million square feet, as against 53.4 million square feet in the previous year. "Office gross absorption across India's six major cities is recorded at a new all-time high of 62.3 million square feet in 2023, registering a 12 per cent growth over last year," Savills said in a statement. Bengaluru saw a decline of 10 per cent to 15.6 million square feet this year, from 17.3 million square feet in the previous year. "Mumbai saw record leasing activity at 10.1 million square feet owing to large transactions by tech and consulting occupiers. Gross absorption increased by 51 per cent compared to 2022," Savills said. Delhi-NCR saw similar absorption levels as last year at 11.3 million s

Apple supplier Foxconn officials call on CM Revanth Reddy in Hyderabad

A delegation of Taiwan-based contract manufacturer Foxconn on Tuesday met Telangana Chief Minister Revanth Reddy who assured them the required support for the operations of its manufacturing centre at Kongara Kalan near here. A press release from the CMO said the state government will also extend all necessary support to upcoming projects which are being undertaken by Foxconn. Foxconn Group, which will be investing USD 550 million in Telangana, entered into an agreement with the state government in March this year assuring them to create one lakh jobs by setting up an electronics manufacturing unit. In the first phase, the company will provide 25,000 jobs in the next two years. The firm held a groundbreaking ceremony in May for the facility to make Apple AirPods. The proposed electronics manufacturing facility at Kongara Kalan near here is a milestone for the Taiwanese firm's global expansion strategy diversifying its global manufacturing base, a press release had earlier said. T

Office demand jumps 92% in Oct-Dec in top 6 cities in 2023: Colliers

Office space demand surged 92 per cent during October-December period across six major cities on better demand of workspace from corporates and coworking operators, according to Colliers India. Real estate consultant Colliers India report shows that gross leasing of office space stood at 20.2 million square feet in the fourth quarter of this calendar year from 10.5 million square feet in the year-ago period. Helped by strong demand during the December quarter, the total leasing of office space rose 16 per cent to 58.2 million square feet during the 2023 calendar year from 50.3 million square feet last year. Colliers tracks office demand and supply of 6 cities -- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune. Gross leasing or absorption does not include lease renewals, pre-commitments and deals where only a letter of intent has been signed. According to the data, the office space leasing in Bengaluru rose 58 per cent to 5.5 million square feet during October-December .

Ride-hailing firm Yaary launches on ONDC for Hyderabad auto, taxi drivers

"Yaary facilitates peer-to-peer transactions between customers and service providers with 0% commission, charging only a nominal SaaS fee to service providers," the ONDC-backed firm said

Biryani most ordered dish in 2023 on Swiggy for the eighth year in a row

India ordered 2.5 biryanis per second in 2023, and on the day of the World Cup 2023 finals, on November 19, India ordered 188 pizzas per minute

MLA Akbaruddin Owaisi takes oath as Pro-tem Speaker of T'gana Assembly

The oath was administered by Telangana Governor Tamilisai Soundararajan. Telangana Chief Minister Revanth Reddy was also present on the occasion