The Central Crime Station (CCS) police of Hyderabad on Thursday, May 10, arrested the Managing Director of a real estate company for duping his customers of Rs 3 crore by promising housing plots to them. Many incriminating documents also seized from him.
Residential property buyer sentiments in Hyderabad have improved considerably over the last three quarters. There has been a gradual but certain increase in residential demand and absorption. That said, the market is still a long way from touching the 2007- 2008 levels.
Hyderabad continues to be a favoured destination for investments due to its unique infrastructure, and real estate prospects are promising despite the Telangana agitation.
The Andhra Pradesh Government will take all steps to ensure that Hyderabad’s real estate industry bounces back to normalcy soon, said Chief Minister N Kiran Kumar Reddy.
CREDAI, Hyderabad has given a number of suggestions, including developing townships in the peripheral areas, strengthening the transportation system, to help the GHMC fine-tune the proposed master plan.
Following demands from different quarters and to facilitate more discussion and debate on the Draft Development Plan for Hyderabad Metropolitan Region, the last date for objections and suggestions would be extended by two months.
Regus, the provider of workplace solutions, has announced opening of a new business centre in Hyderabad.
CREDAI India has announced Ashoka Developers and Builders managing director N Jaiveer Reddy as Chairman of CREDAI Hyderabad.
Lemon Tree Hotels, operating various luxury hotels across India, has announced the launch of their brand new Lemon Tree Hotel in Hyderabad.
Residential sales in Hyderabad remained modest in 4Q10. Although the city witnessed many launches, sales did not pick up. Market sentiment, especially among investors, stayed low as political uncertainty persisted.