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4th September, 2014TCS 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. "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.
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
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
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.
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.
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).
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!
come on the same page with West Hyderabad? We have to wait and watch for this!
Neha
Nagpal, Magicbricks.com Bureau
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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)
http://www.wonderla.com/
Chennai, Oct 6:
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.
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
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.
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)
http://www.wonderla.com/
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.
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...
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
