Tuesday, 30 December 2014

News Articles on Adibatla #3

3rd February 2015
Indian Express

30th December 2014
Source: Eenadu

21st December 2014
Source: Eenadu

20th December 2014

Electronics sector got investment proposal worth Rs 18,000 crore: Telecom minister

Source: Economic times

Government has received investment proposals worth Rs 18,000 crore in last six months in the field of electronic manufacturing, telecom minister Ravi Shankar Prasad said today.
 "We have received proposals till now worth Rs 18000 crore after coming in power. There is scope for improvement. Rs 4,000 crore investment we have approved, others are in pipeline," Prasad said while speaking on electronics manufacturing at Industry chamber FICCI's Annual General Meeting.
He said the new NDA government has approved 8-9 electronics clusters which will house full eco-system of making electronic products.
 "The sum and substance of this electronic cluster is that if a state government gives 100 acre of land, the central govt gives Rs 50 crore (grant). If an investor invests Rs 100, government will give Rs 25. If a foreign investor comes and invests in India under the scheme and exports, he will also get benefit," Prasad said.
The Minister said he is open to tweaking policies in the sector to make it more investor friendly

14th December 2014
Electronic clusters in Maheshwaram area.

11th December 2014

7th December 2014
Source: Sakshi

TCS campus as on 05th December 2014

Wonderla amusement park work in progress near Adibatla/Ravirala/ kongara

Kerala-based amusement park Wonderla Holidays is setting up its 3rd amusement park in Hyderabad after Kochi and Bangalore. The park would come up in around the 55 acre site already acquired by Wonderla at Ravirala which is besides ORR, near Adibatla SEZ and Shamshabad airport. Around Rs 250 Cr would be invested in the project and the park would be completed by April 2016.

Wonderla photos shown below are picked from http://www.wonderla.com/

6th December
Source: Sakshi

Source: Indian Express

5th December 2014
Source: Eenadu

01st December 2014
Source: DC

29th November 2014
Source: Indian Express

14th November 2014
Source: Namasthe Telangana

Water Released to Adibatla SEZ

12th November 2014
Source: http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/water-released-to-adibatla-sez/article6588931.ece

In the first step taken to supply the Adibatla Special Economic Zone (SEZ) its required amount of water, the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) on Monday released 250 kilo litres to 1,200 acre area.
With the kick-starting of the water supply to Adibatla, the water board is all set to increase pumping as the SEZ develops and companies begin operations.

“The required amount for the entire 1,200 acre area is nine million litres per day (MLD). As of now, we have set up a five MLD clear water reservoir there, along a nine kilometre 600 millimetre (mm) pipeline,” explained a senior HMWSSB official. The official said currently the 250 kilo litres supply per day is being given from Krishna phase - II project, and the remainder of the water supply in the future to the Adibatla SEZ will be supplied from Krishna phase – III project, once it is completed next year. He, however, did not reveal the cost at which water is being supplied to the companies which have begun operations there. Supplying nine MLD to the Adibatla SEZ in the future would not affect the city’s water supply at all, said the official. HMWSSB Managing Director M. Jagadeeshwar and other officials were present.

08th November 2014
Wonderla road work

08th November 2014
Source: Sakshi News

06th November 2014
Source: Sakshi news

05th November 2014
Source: Sakshi

05th November 2014
Source: Eenadu

04th November 2014
Source: Eenadu News

Sakshi news article:

KTR Wants IT Firms to Spread to New Areas

04th November 2014
“Hyderabad has an attractive IT sector and the Telangana government is committed to making it even better and widening its base. Apart from Nanakramguda and Gachibowli, we want IT companies to be established in areas like Adibatla, Pocharam, Uppal, Medchal and Shamirpet,” KTR said after the meeting which was also attended by senior IAS officers from ITC department, TSIIC and HMWSSB.

Tuesday, 21 October 2014

News Articles on Adibatla #2

4th September, 2014

TCS to double Hyderabad capacity over next three years

HYDERABAD: Tata Consultancy Services(TCS), India's leading software firm will double its capacity at its largest delivery centre in Adibatla, Hyderabad, said N Chandrasekaran, CEO and MD of TCS after a meeting with Telangana chief minister K Chandrasekhar Rao.
"The capacity addition of 28,000 employees will happen over a period of three to four years," said V Rajanna, vice president and regional head of TCS Hyderabad. 
The new delivery centre commenced its first phase of operations on September 1 and has 27,000 seats and built over an area of 79 acres. The company with a headcount of over 3 lakh announced a projection of adding 55,000 employees in FY 2014-15. TCS presently has 26,000 employees across delivery locations in Hyderabad and around 3000 to 3,500 workforce annually, as per previous reports.
Meanwhile, KCR has asked the state's DGP to set up one police station at Adibatla area since, the location is becoming an IT hub and increasing number of women workforce, the statement issued by the government said. 

7th September, 2014
Source: sakshi news

Adibatla Real Estate Boom
Source: ABN AndhraJyothy

KTR Seeks Funds for ITIR
25th September 2014

HYDERABAD: Telangana IT minister KT Rama Rao has requested the central government to release
funds for ITIR project immediately so that the state government can kick-start the project.

Rao called on Union IT minister Ravishankar Prasad in Delhi on Wednesday and submitted a
memorandum to him in this regard. “We have identified four areas _ Kothapet, Adibatla, Pocharam
and Brahmani _ for the first phase. These areas have 3,000 acres of government land where new IT parks will be developed. We would like the Centre to approve and release funds for providing external infrastructure in these areas as per the original DPR. ...........................................

1st Oct 2014

Adibatla job market to push South Hyderabad realty

After Hitec City and Gachibowli, it is Adibatla which is expected to make real estate waves. The locality, touted as the next IT hub, is seeing many IT companies setting up offices here. The locality is also a part of the Information Technology Investment Region (ITIR) project, under which Special Economic Zones (SEZs) and industrial parks are expected to be developed throughout the city.

 Venkateswara Rao, owner of VR Properties says, “Recently, Tata Consultancy Services (TCS) started its project construction activities in Adibatla. Apart from this, Cognizant, the IT giant, has also acquired land in the area.”

Impact on South Hyderabad’s realty:

“Currently, South Hyderabad real estate market is not as matured as West Hyderabad. Here, plotted developments are mostly available, while apartments are still developing. There were not enough job opportunities in this part of Hyderabad that could drive housing demand. Most of the IT and software companies are concentrated towards West Hyderabad,” says Zubair Bin Sayeed Baghazal, proprietor, 

RZ Home Property Brokerage Services.

The commercial set-ups by TCS and Cognizant are expected to push the real estate market here. “These commercial set-ups are likely to generate more than 25,000 jobs by the end of this fiscal year 
and another 40,000 in the next 3-5 years. This will certainly push up the demand for capital as well as rental market in and around the area,” says Bangaru Bharath Kumar, owner of Mahima Properties.

In addition, the government recently declared that ITIR will open 15 lakh direct and 35 lakh indirect jobs in the IT sector over the next five years. “The push in demand certainly bumps up the real estate values too. However, it would be too early to quote how much the appreciation would be. This is also because there are still land banks available for development, if one goes towards the outskirts of South Hyderabad,” adds Kumar.

 What is currently available?
For multi-storey buildings in South Hyderabad, one can try areas such as Shankarpalli, Kokapet, LB Nagar and Shamshabad in South Hyderabad, where you can find an apartment within Rs 20-40 lakh. “South Hyderabad is in the outskirts of the city thus, offering land at lesser values. This makes developers offer properties at affordable rates. Currently, there are not much ready-to-move-in apartments available, therefore, the rental market will take a while to pick up,” says Santhosh Kumar of Sri Rama Real Estates.

For plots, one can look at areas such as Adibatla, Shad Nagar, Kothur and Shamshabad. The data with 
Magicbricks shows that these areas offer maximum number of plots within Rs 5-10 lakh. The sizes of 
these plots vary from 60-300 sq yard. Most of these are open plots and approved by Hyderabad 

Municipal Development Authority (HMDA).

 With this it is evident that South Hyderabad real estate market is likely to pick up. But will it ever 
come on the same page with West Hyderabad? We have to wait and watch for this!

Neha Nagpal, Magicbricks.com Bureau

Wonderla Holidays to set up amusement park in Hyderabad
(This is at Ravirala Village which is near adibatla and Kongara Kalan)http://www.thehindubusinessline.com/companies/wonderla-holidays-to-set-up-amusement-park-in-hyderabad/article6475730.ece
(This article was published on October 6, 2014)

Chennai, Oct 6:  
After establishing a strong foothold in Kerala and Karnataka, Kerala-based amusement park Wonderla Holidays (formerly Veegaland) plans to set up its first amusement park in Hyderabad and is awaiting approvals from the government in this regard, a top company official said.
Wonderla Holidays, Managing Director, Arun K Chittilappilly, informed shareholders at the annual

general body meeting that the company was awaiting project approval from Hyderabad Metropolitan
Authority to commence construction at park.

“It is expected to start commercial operation during the financial year 2016-17”, he said.

The following ad in Eenadu news paper on 10th of October 2014 strengthens the news. They are
recruiting staff and are on the go...

Hyderabad likely to witness shortfall in realty space

Hyderabad, Oct 20:  

With an estimated overall demand-supply gap of around 231,000 units until 2018, Hyderabad is likely to witness one of the highest shortfalls due to the comparatively low supply scheduled to be delivered in the next five years, according to the latest study by real estate consultancy Cushman & Wakefield.

By 2018, Hyderabad is expected to witness an additional demand for around 2,91,000 units across all segments. Of this, the lower income group is expected to be 42 per cent and the MIG around 36 per cent. Steady growth in services sector, mostly driven by IT-ITeS sector, has been responsible for migration of people from across the country to the city.

With the political uncertainty over the Telangana issue being sorted and considering that the city already possesses ready physical and social infrastructure, Hyderabad is poised for higher growth.
As companies begin expanding their operations in the city, housing demand is likely to increase significantly.

Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, in a statement said: “The private sector housing, which is largely responsible for creating housing in India, has been grappling with many issues such as rising input costs, expensive land valuations, outdated building norms, restricted access to funding, serious delays in regulatory processes and uncertain economic conditions resulting in poor and/or slow sales volumes, all of which have resulted in holding back the growth of this sector since the last 2-3 years. Consequently, the demand-supply imbalances across cities have been becoming more pronounced.”

The additional or new demand that is expected to be generated in 2014-2018 is calculated based on the past trends of population and household growth and the income classification for households.

National demand
The total new demand for urban housing in India is expected to be nearly 13 million units by the end of 2018 on account of the burgeoning population in urban centres. This is in addition to the already existing unmet demand. Of the total additional demand, the top eight cities are likely to constitute 23 per cent or 2.95 million units.

Delhi-NCR is likely to have the highest supply of 516,000 units over the next five years, followed by Bangalore with around 2,43,000 units and Mumbai with 2,03,000 units, as per the report.
(This article was published on October 20, 2014)

Realtors Predict Sales boom
21st October 2014
Source: Deccan Chronicle

28th October 2014
Source: Sakshi News