Monday 30 November 2015

Updates and News Articles November 2015


Bharat Forge wants to 'Make in Telangana'

Telangana industries secretary Arvind Kumar said that the company will be investing over Rs 500 crore in the state. They will be applying for around 40 acres of land. Of this, 10 acres will be provided at the Adibatla aerospace and the rest will be allotted elsewhere. Bharat Forge had announced a 51:49 joint venture with Israel's Rafael Advanced Defence Systems to manufacture high-tech defence components in the country . 


Seven companies started construction work in Samuha Aerospace Park, in the Aerospace SEZ at Adibatla.  It is expected to generate direct employment to about 10,000 people and indirect employment to around 18,000 people. Other companies will be joining them soon and is expected that all the companies might start operations within couple of years.....
2016 looks positive for realty around Adibatla as TCS, Samuha and Wonderla news will buzz around.























Land price in Hyderabad breaks all records


These bribe-hungry employees are killing the realty sector growth and the people concerned. 
International city??? with these leeches.

Wonderla Amusement park is expected to be operational by April 2016

MP Boora Narsaiah Goud at Kongara. Local politicians requested him to reallocate 400 acres land in survey number 300/1 to industries other than rice hub. He said, these are valuable lands close to ORR and will take this issue to CM's notice.






Same news in IE


Planning to complete this three floored police station building at Adibatla within couple of months.

 Akshaya Residency near TCS Campus, Adibatla

Sai Teja's Trans Elite besides TCS Campus, Adibatla
Blog stats Oct 2015



Online LRS/BRS link is operational at HMDA site.

Tata Advanced Systems, Boeing join hands to manufacture choppers


Signed a framework agreement to collaborate in aerospace and defence manufacturing and potential integrated systems development opportunities, including unmanned aerial vehicles.
http://www.tata.com/company/releasesinside/Boeing-and-Tata-Advanced-Systems-announce-strategic-aerospace-partnership-to-make-in-India

http://timesofindia.indiatimes.com/business/india-business/Tata-Boeing-join-hands-to-manufacture-choppers/articleshow/49729681.cms





T-Hub phase-I inaugurated
more @ http://www.thehindubusinessline.com/news/national/ratan-tata-inaugurates-thub-phasei/article7845523.ece

Sample LRS Calculation:
Considering 167 sq mtr (approx. 200 yards)as plot size and Rs 1000/- per sq yard as market rate.

Step 1:
167 sq mtr x Rs 400 LRS charge (Penalty) = Rs. 66,800

Step 2:
For a present market price of Rs 1000/- per sq yard, LRS betterment charge is 20% of step1 amount

0.2*66,800 = Rs 13,360/-

Step 3:
Penalty on plots in layouts where 10% open space in unavailable:
0.14*(Total plot value as mentioned in registration doc)
Example: 0.14 * 70,000 = Rs.9,800/-

Final Figure: step 2 + step 3

13,360 + 9,800 = Rs 23,160/-


In one of the news paper article, they printed square yards as unit for market price. This created some confusion. Thank you Rao garu for asking me to go through eenadu link.
 Please read it as given below( this is from eenadu)
Read first point as "20% for market price below Rs 3000 per sq yard" and not as 3000 sq yards.








Telangana Govt announces land, building regularisation scheme


Approximate LRS Scheme pricing

up to 120 sq yards     --> Rs 168 per sq yard
1201 to 360 sq yards  --> Rs 336 per sq yard
361   to 600 sq yards   --> Rs 504 per sq yard
above 600 sq yards       --> Rs 630 per sq yard

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